Press release
Chillers Market Technology, Analysis of Trends, Opportunity 2032
Chillers Market
Allied Market Research published a report, titled, "Chillers Market by Type (Screw Chiller, Scroll Chiller, Centrifugal Chiller, Others), by Product type (Air Cooled Chiller, Water Cooled Chiller), by Power range (Less than 50 kW, 50-200 kW, More than 200 kW), by End user industry (Chemicals and Petrochemicals, Food and Beverages, Medical, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the chillers market was valued at $9.8 billion in 2021 and is projected to reach $14.5 billion by 2032, registering a CAGR of 3.5% from 2023 to 2032.
Request Sample PDF of Report with Updated Pages:
https://www.alliedmarketresearch.com/request-sample/1834
The global chillers market is driven by factors such as growth of the manufacturing industry, increase in demand for chillers in medical industry and rise in consumption of frozen food.However, high initial cost of chillers and rise in demand for VRF systems restrain the growth of the market. Moreover, technological advancements are expected to present new opportunities in the coming years.
The screw chillers segment to maintain its leadership status throughout the forecast period
Based on type, the screw chillers segment held the highest market share in 2022, accounting for nearly half of the chillers market revenue, and it is estimated to maintain its leadership status throughout the forecast period. This is due to its low maintenance cost beacause of presence of fewer components.However, the centrifugal chiller segment is projected to manifest the highest CAGR of 4.3% from 2023 to 2032, owing to its high operational efficiency.
Make Purchase Enquiry Before Buying@ https://www.alliedmarketresearch.com/purchase-enquiry/1834
The water cooled chiller segment to maintain its lead position during the forecast period
Based on product type, the water cooled chiller segment accounted for the largest share in 2022, contributing to nearly three-fifths of the chillers market revenue, and is projected to maintain its lead position during the forecast period owing to its high cooling capacity. The air cooled chiller segment is projected to manifest the highest CAGR of 3.6% from 2023 to 2032, owing to its cost efficiency.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for around half of the chillers market revenue and is expected to witness the fastest CAGR of 3.9% from 2023 to 2032. The same region is likely to dominate the market during the forecast period. The government initiatives to boost manufacturing and increased demand from manufacturing and processing industries positively influences the growth of the chillers market.
Buy This Research Report @ https://www.alliedmarketresearch.com/checkout-final/0c7a5ba80076ab8ef3a73d771b35a624
Top Players:
Mitsubishi Electric Corporation, Midea Group Co., Ltd., LG Electronics, Johnson Controls International plc, Daikin Industries Ltd., Dimplex Thermal Solutions, Carrier Global Corporation, Trane Technologies plc, Gree Electric Appliances, Inc. of Zhuhai, Thermax Limited
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. 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.
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
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 Market Technology, Analysis of Trends, Opportunity 2032 here
News-ID: 3265205 • 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…
