Press release
Chillers Market is Expected to Achieve USD 5.5 Billion at CAGR of 2.8% by 2032
Chillers Market
A growing number of consumers are opting for screw compressors that use eco-friendly refrigerants. These screw chillers are favored for their user-friendly and low-maintenance systems, operating
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=554
Regional Chillers Market Analysis
North America holds a 26.7% share of the global chillers market. Chillers are significant energy consumers in many facilities, accounting for nearly 20% of power usage in the region, according to the U.S. Department of Energy (DOE).
Market growth in North America is fueled by rising investments from key players in manufacturing facilities and product development. The rapid expansion of the commercial and residential construction industries, along with the increasing demand for industrial cooling systems and power cooler units, is driving the market forward in this region.
Category-wise Analysis
The chillers market is segmented by end users into rubber, food & beverages, plastic, medical & pharmaceuticals, chemicals & petrochemicals, and others. Chillers are extensively used in plastic manufacturing, where they play a crucial role in rapidly cooling hot plastic that is injected, extruded, stamped, or blown.
This aligns with the recent growth in the plastic industry, particularly as plastic gains significant traction in the FMCG sector. Manufacturers are focusing on industry-specific chiller characteristics, such as precise temperature regulation for temperature-sensitive operations within the plastic industry. The increasing use of chillers in the expanding plastic sector has significantly boosted chiller sales, contributing to the global market growth.
Read More: https://www.factmr.com/report/554/chillers-market
Competitive Landscape
Chiller manufacturers adhere to various energy-efficiency standards set by regulatory bodies. To meet the growing demand, market players are focusing on obtaining certifications and expanding their production capacities.
The widespread use of chillers across multiple end-use applications, combined with technological advancements, has spurred the development of IoT-based chillers. For example, Pro Chiller Systems has introduced new IoT-powered chillers that offer data visualizations through a customized dashboard. These IoT-powered chillers enable efficient monitoring and control for various industrial applications, making them a significant innovation in the chillers industry.
Key Companies Profiled
Daikin Industries
Johnson Controls
Trane Inc.
Carrier Corporation
Thermax Limited
GEA Group
Broad Group
Dunham Group
Smartd Chiller Group Inc.
Thermal Care Inc.
SKM Air Conditioning
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=554
Key Segments Covered in Chillers Industry Research
By Compressor Type :
Screw Chillers
Centrifugal Chillers
Scroll Chillers
Reciprocating Chillers
Absorption Chillers
By Capacity :
700 kW
By Heat Rejection Method :
Air-cooled Chillers
Water-cooled Chillers
Absorption Chillers
By Refrigerant Type :
R22
R407C
R134A
R410A
Others
By End User :
Rubber
Food & Beverages
Plastic
Medical & Pharmaceuticals
Chemicals & Petrochemicals
Others
By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
๐๐จ๐ง๐ญ๐๐๐ญ:
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