Press release
Chillers Industry will Reach USD 12.67 Billion and Hist a CAGR of 3.7% by Forecast Outlook 2028
Chillers Market
Download Free Sample PDF With Updated & Valuable Insights https://www.alliedmarketresearch.com/request-sample/1834
A chiller is a machine that removes heat from a liquid through a refrigeration cycle in order to provide cold water for air conditioning systems, industrial processes, or other cooling applications. Chillers work by using a compressor to compress refrigerant gas, which then circulates through a condenser where it releases the heat it has absorbed. The cooled refrigerant then flows through an evaporator where it absorbs heat from the liquid being cooled, such as water. The chilled liquid is then pumped through a system to provide cooling. Chillers can be air-cooled or water-cooled and come in a range of sizes and capacities to meet different cooling needs.
An increase in demand for process cooling in the industrial application, to control room atmosphere is anticipated to proliferate the growth of the global chillers market. In addition, rise in construction spending in countries such as India, Germany, Japan, the U.S., and others drives the growth of the market. For instance, expenditure on private construction activities by the U.S. government increased by over 50% and that on public construction surged by over 20% from 2012 to 2020.
Further, the government spending on installing heating, ventilation, and air conditioning (HVAC) systems is expected to boost the global chillers market growth. For instance, in 2020, the German government spent $603.4 million for installing and upgrading heating, ventilation, and air conditioning systems in commercial and industrial buildings.
Make Purchase Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/1834
An increase in spending on the tourism sector is expected to lead to rise in demand for chillers in the commercial and public buildings. This in turn is estimated to fuel the demand of the global chillers. For instance, according to the Central office of the Federal Agency for tourism, the Russian government planned to spend $1.85 million per year for 3-year period from 2020 to 2022.
Global Chillers Market Segments
By Type
• Screw Chiller
• Scroll Chiller
• Centrifugal Chiller
• Others
By Product Type
• Air Cooled Chiller
• Water Cooled Chiller
By End User
• Chemicals & Petrochemicals
• Food & Beverages
• Medical
• Others
Download Free Sample PDF With Updated & Valuable Insights https://www.alliedmarketresearch.com/request-sample/1834
Company Profiles:
The key players profiled in the report include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Dimplex Thermal Solutions, LG Electronics, Johnson Controls International Plc, Gree Electric Appliances Inc of Zhuhai, Midea Group Co. Ltd, Thermax Ltd, and Trane Technologies Plc.
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Chillers Industry will Reach USD 12.67 Billion and Hist a CAGR of 3.7% by Forecast Outlook 2028 here
News-ID: 3019166 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Chiller
Chiller Portable AC Reviews: Do Not Buy Chiller Portable Ac Until You Read This!
Chiller Portable AC is an innovative and groundbreaking technology that is set to revolutionize the way we experience and enjoy chilling beverages. Developed by a team of brilliant engineers and designers, Chiller Portable AC combines cutting-edge features and advanced cooling techniques to provide an unparalleled chilling experience.
With Chiller Portable AC, chilling your favorite beverages becomes faster, more efficient, and more convenient than ever before. This next-generation chilling system boasts state-of-the-art…
Chiller Portable Ac Reddit Reviews - Is Chiller Portable AC legit? Read Chiller …
With the scorching heat of summer just around the corner, finding effective ways to stay cool is of paramount importance. While traditional fans can provide some relief, they might not be sufficient when temperatures rise above 30ºC. That's where portable air conditioners come into play, and one affordable option that stands out is the Chiller Portable AC.
Unlike ordinary electric coolers or fans, the Chiller Portable AC takes cooling technology to…
Aquarium Chiller Market study on Aquarium Chiller to boost the revenue over the …
The report presented here prepares market players to achieve consistent success while effectively dealing with unique challenges in the global Aquarium Chiller market. The analysts and researchers authoring the report have taken into consideration multiple factors predicted to positively and negatively impact the global Aquarium Chiller market. The report includes SWOT and PESTLE analyses to provide a deeper understanding of the global Aquarium Chiller market. All of the leading companies…
Chillers Market with Current Trends Analysis, 2018 to 2028(Chillers market can b …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market.
In…
Research Report and Overview on Chillers Market,2018 to 2028(On the basis of Com …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market.
In…
Chillers Market Expected to Deliver Dynamic Progression until 2028(On the basis …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market.
In…
