Cooling the Future: Unraveling the Growth Trajectory of the Industrial Air Chiller Market

Allied Market Research has recently unveiled a report titled "Industrial Air Chiller Market," spotlighting the robust growth of this market. With a valuation of $4.7 billion in 2021, the industrial air chiller market is poised to reach $7.3 billion by 2031, showcasing a commendable Compound Annual Growth Rate (CAGR) of 4.3% from 2022 to 2031.

Download Sample Copy: https://www.alliedmarketresearch.com/request-sample/10362

The industrial air chiller market has experienced significant expansion over the past decade, driven by the surge in manufacturing facilities both in developed and developing nations and an increased demand emanating from the energy sector. Numerous players within the industrial air chiller industry are strategically expanding their operations and introducing innovative products to fortify their positions in the global market. In 2021, the screw-driven segment took the lead in the industrial air chiller market, contributing the highest revenue share, particularly due to the proliferation of small and medium-scale industries.

The pharmaceutical segment is anticipated to exhibit higher growth during the forecast period, attributed to improving economic conditions and a rise in the global trade of food and beverage products. The growing demand in the food and beverage sector has notably impacted the industrial air chiller market positively. Furthermore, enhanced global economic standards and a flourishing automotive sector have added momentum to the industrial air chiller market's growth.

The market showcases various types of industrial air chillers, including centrifugal chillers, reciprocating chillers, scroll compressor chillers, and screw-driven chillers. Among these, the screw-driven chillers segment held the largest market share in 2021, owing to the escalating number of small and large-scale manufacturing industries. The market is analyzed across diverse end-user industries, such as food and beverages, pharmaceuticals, utility and power, oil and gas, and others. Additionally, based on function, the market is divided into stationary and transport, with a predominant focus on the rise in manufacturing industries like automotive and the plastic industry. The surge in demand from the energy sector has also significantly contributed to the growth of the industrial air chiller market. However, the high installation and maintenance costs of industrial air chillers present a challenge to market expansion.

Buy This Report: https://www.alliedmarketresearch.com/checkout-final/b83064c83fbf88d2986a4adb38b50075

Asia-Pacific took the lead in the global industrial air chiller industry in 2021, followed by North America and Europe. The Asia-Pacific region exhibited a high CAGR, attributed to the growing pharmaceutical industry and the emergence of small and medium-scale manufacturing industries.

Moreover, the stationary industrial air chiller market share is expected to witness rapid growth during the forecast period due to its advantages such as large size, high efficiency, capacity, and productivity. Noteworthy players have introduced various stationary industrial air chillers, exemplified by Carrier Global Corporation's AquaForce 30XV Variable-Speed line with evaporative pre-cooling features. This innovative feature is anticipated to reduce overall power consumption and enhance the life and reliability of chillers.

Despite the setbacks posed by the pandemic-induced lockdowns, manufacturers in the industrial air chiller market are gradually recovering as the severity of the pandemic diminishes and vaccinations become widespread. Key players profiled in the market forecast report include Airedale International Air Conditioning Ltd., Blue Star Limited, Carrier Global Corporation, Daikin Industries, Ltd., GEM Orion Machinery Private Limited, Hiver Aircon Pvt. Ltd, Jiangsu Huazhao Refrigeration Equipment CO., Ltd., Johnson Controls International PLC, Mitsubishi Electric Corporation, and Trane Technologies Company, LLC.

Inquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/10362

KEY FINDINGS OF THE STUDY:

The report provides an extensive analysis of the current and emerging industrial air chiller market trends and dynamics.

Depending on type, the screw-driven chillers segment dominated the industrial air chiller market in terms of revenue in 2021 and is projected to grow at a significant CAGR during the forecast period.

By end-user, the scroll compressor chillers segment registered the highest revenue in 2021.

LAMEA is projected to register the highest growth rate in the coming years.

Key players in the industrial air chiller market are profiled in this report, and their strategies are analyzed thoroughly, providing insights into the competitive outlook and industrial air chiller market opportunities.

The report offers an extensive analysis of the current trends and emerging opportunities in the market.

In-depth industrial air chiller market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.


https://www.alliedmarketresearch.com/industrial-air-chiller-market-A09997

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

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.