Press release
An Ultimate Guide to Screw Chillers Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
Market Overview
The screw chiller market is expected to grow significantly in the coming years. According to a report by Allied Market Research, the global screw chillers market size was valued at $4.6 billion in 2021, and is projected to reach $6.5 billion by 2031, growing at a CAGR of 3.4% from 2022 to 2031. The increasing demand for air conditioning in commercial and industrial buildings is driving the growth of the market.
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A screw chiller comprises a female helical screw and a male helical screw. Both these screws are mechanically engaged with each other and rotate simultaneously. This rotation gradually compresses the fluid as it moves from one end of the cylinder to the other end. Screw chillers house a screw compressor to compress air, refrigerant, or other fluids. It is more compact, quieter and contain fewer parts than their alternatives such as centrifugal, reciprocating, centrifugal and absorption chillers.
Key Players
The screw chiller market is highly competitive, with several key players dominating the market. Some of the top players in the market include:
Johnson Controls - Johnson Controls is a global leader in the HVAC industry. The company offers a wide range of screw chillers, including air-cooled, water-cooled, and heat recovery chillers.
Trane - Trane is a leading provider of HVAC solutions, including screw chillers. The company offers a range of screw chillers for commercial and industrial applications.
Carrier - Carrier is a global leader in the HVAC industry and offers a range of screw chillers for commercial and industrial applications.
Daikin - Daikin is a leading provider of HVAC solutions and offers a range of screw chillers for commercial and industrial applications.
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Applications
Screw chillers are used in a wide range of applications, including:
Commercial Buildings - Screw chillers are widely used in commercial buildings such as offices, shopping centers, and hotels. They are used to provide cooling for large spaces and ensure a comfortable environment for occupants.
Industrial Buildings - Screw chillers are also used in industrial buildings such as manufacturing plants, data centers, and warehouses. They are used to provide cooling for equipment and ensure a comfortable working environment for employees.
Hospitals - Screw chillers are used in hospitals to provide cooling for medical equipment and ensure a comfortable environment for patients and staff.
Food and Beverage Industry - Screw chillers are used in the food and beverage industry to provide cooling for storage and production processes. They help to maintain the quality and freshness of food products.
Benefits of Screw Chillers
Energy Efficiency - Screw chillers are highly energy-efficient and can help to reduce energy costs. They use less energy than traditional chillers, which can lead to significant cost savings over time.
Reliability - Screw chillers are reliable and require less maintenance than traditional chillers. This can help to reduce downtime and ensure consistent performance.
Versatility - Screw chillers can handle a wide range of cooling applications and are suitable for use in commercial and industrial buildings.
Environmentally Friendly - Screw chillers are environmentally friendly and use refrigerants that have a lower impact on the environment.
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The screw chiller market is expected to grow significantly in the coming years, driven by the increasing demand for air conditioning in commercial and industrial buildings. Key players in the market include Johnson Controls, Trane, Carrier, and Daikin. Screw chillers are used in a wide range of applications, including commercial buildings, industrial buildings, hospitals, and the food and beverage industry. Screw chillers offer numerous benefits, including energy efficiency, reliability, versatility, and environmental friendliness. Choosing the right screw chiller for the job can help to improve energy efficiency, reduce costs, and ensure consistent performance.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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