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Industrial Air Chiller Market 2023 - By Size, Share, Report, Trends, Growth, Key Players And Forecast To 2032
Industrial Air Chiller Market
The Business Research Company's Industrial Air Chiller Global Market Report 2023 identifies rising growth of the pharmaceutical industry as the major driver for the Industrial Air Chiller market's growth in the forecast period. Pharmaceuticals are the companies that are involved in the manufacture and sale of drugs used for medical use. Industrial air chillers are used for the safe storage of medicines, drugs, and other chemicals in the pharmaceutical industry, so the growth of pharmaceuticals would propel the market.
The global industrial air chillers market size is expected to grow from $4.52 billion in 2022 to $4.77 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial air chillers market size is expected to grow to $5.75 billion in 2027 at a CAGR of 4.8%.
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Major competitors in the Industrial Air Chiller market are ohnson Controls International PLC., Mitsubishi Electric Corporation, Daikin Industries Ltd., Trane Technologies Company LLC.
A key trend in the Industrial Air Chiller market includes product innovation. Major companies operating in the industrial air chiller market are focused on developing innovative products to strengthen their position. For instance, in March 2021, Mitsubishi Electric, a Japan-based manufacturer of electronic products launched the R32 version of e-series air-cooled chillers. They are available in 150kW and 180kW units and it is expected to allow connection to six units to provide a total capacity of 1080kW. It has unique properties including internal headers and low-temperature ambient loop heat network solutions. The cooling version has been employed with high-efficiency inverter compressors and is expected to improve aluminum microchannel and heat exchange coils.
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The Industrial Air Chiller market is segmented -
• By Type: Centrifugal Chillers, Reciprocating Chillers, Scroll Compressor Chillers, Screw Driver Chillers
• By Function: Stationary, Transport
• By End User Industry: Food And Beverage, Pharmaceutical, Utility And Power, Oil And Gas, Other End User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Industrial Air Chiller market.
The Business Research Company's "Global Industrial Air Chiller Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Air Chiller Market Include:
1. Executive Summary
2. Industrial Air Chiller Market Characteristics
3. Industrial Air Chiller Market Trends And Strategies
4. Industrial Air Chiller Market - Macro Economic Scenario
5. Industrial Air Chiller Market Size And Growth
………………………….
26. Africa Industrial Air Chiller Market
27. Industrial Air Chiller Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Air Chiller Market
29. Industrial Air Chiller Market Future Outlook and Potential Analysis
30. Appendix
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