Screw Chillers Market Set to Reach $6.5 Billion by 2031, Driven by Advantages Over Alternatives and Industry Demand

The global screw chillers market is poised for substantial growth, with a projected value of $6.5 billion by 2031, up from $4.6 billion in 2021, indicating a steady compound annual growth rate (CAGR) of 3.4% from 2022 to 2031. Screw chillers, characterized by their female and male helical screws mechanically engaged to compress fluids, offer a compact, quieter, and efficient alternative to centrifugal, reciprocating, and absorption chillers.

Download Sample Copy: https://www.alliedmarketresearch.com/request-for-customization/A25786



The outbreak of the COVID-19 pandemic in 2019 had a significant impact on the screw chillers market, disrupting manufacturing activities and hindering effective installation through original equipment manufacturers (OEMs) during lockdown periods. However, the market is expected to recover post-pandemic, with equipment and machinery producers focusing on safeguarding staff, operations, and supply networks while adapting to new working methods.

Despite challenges posed by the pandemic, rising demand from various industry verticals such as food & beverages, chemicals and petrochemicals, pharmaceuticals, plastics, and oil and gas is driving market growth. Screw chillers are favored for their high volumetric efficiency, providing a uniform and continuous flow of refrigerants, along with minimal vibrations due to fewer moving parts. These advantages, coupled with their ability to eliminate pressure drop issues, make screw chillers suitable for a wide range of applications, further boosting market opportunities.

Inquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A25786

Leading manufacturers like Airedale International Air Conditioning Ltd., Trane Technologies Company, LLC., and Johnson Controls International PLC offer an extensive range of screw chillers, catering to diverse industry needs. Product launches and acquisitions are key strategies adopted by major players to enhance their market presence and product portfolios. For instance, Dunham-Bush introduced the HELIOS series air-cooled horizontal screw compressor - ACHX-BVD in July 2022, designed for superior part load performance and lower noise operation.

The market is segmented based on product type, compressor type, end-user industry, and region. Water-cooled chillers accounted for the highest revenue in 2021, driven by rapid urbanization and increased construction activity. Among end-user industries, the chemical and petrochemical segment led in 2021, fueled by demand for machine and oil cooling applications. Geographically, Asia-Pacific dominated the market in 2021, attributed to industrialization and urbanization in countries like China, India, Vietnam, and Indonesia.

For More Information: https://www.alliedmarketresearch.com/screw-chillers-market-A25786



Despite the challenges posed by COVID-19, the screw chillers market is expected to witness steady growth, supported by increasing demand across various industries and ongoing technological advancements. Stakeholders can leverage the comprehensive analysis provided in the report to identify emerging trends, opportunities, and competitive strategies, ensuring informed decision-making and sustained growth in the dynamic screw chillers market.

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 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.

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.