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Screw chillers market was valued at USD 4.6 billion in 2021 and is expected to reach USD 6.5 billion by 2031, growing at a CAGR of 3.4%
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What Are Screw Chillers?
Screw chillers utilize screw compressors-a pair of interlocking helical screws (male and female)-to compress refrigerant or air. As the screws rotate, they trap and compress the fluid in a continuous flow. This mechanism allows screw chillers to offer several advantages over other types of chillers, such as centrifugal or reciprocating systems. Notably, screw chillers are quieter, more compact, and have fewer moving parts, making them more reliable and easier to maintain.
Their high volumetric efficiency and ability to deliver a uniform refrigerant flow make them suitable for a wide range of industrial applications. Furthermore, because they do not require suction and discharge valves, they experience minimal pressure drops, which enhances overall productivity.
Market Dynamics
The screw chillers market is being driven by a combination of rising industrial demand and technological innovation. Key industries such as food and beverages, chemicals and petrochemicals, pharmaceuticals, plastics, and oil and gas are increasingly adopting screw chillers due to their superior cooling performance and low maintenance requirements.
In addition to performance, screw chillers are known for generating lower vibration levels and operating more quietly than many other types of chillers. These qualities make them ideal for environments where noise reduction and equipment stability are critical. Their adaptability also allows for use in cooling applications that require refrigerant flow rates between 200 to 20,000 m3/hr, making them suitable for both small and large-scale operations.
Industry Innovations and Strategic Developments
Major manufacturers in the screw chillers market are actively pursuing strategies such as product launches, mergers, and acquisitions to stay competitive and expand their market share. For instance, in July 2022, Dunham-Bush introduced the HELIOS series of air-cooled screw chillers specifically designed for the Asian market. Equipped with inverter compressors and variable-speed fans, these chillers offer superior part-load performance and operate at reduced noise levels.
Companies like Airedale International Air Conditioning Ltd., Trane Technologies Company LLC, and Johnson Controls International PLC are at the forefront of innovation, constantly enhancing the efficiency, environmental compatibility, and performance of their chiller systems.
Segmentation Analysis
The screw chillers market can be segmented by product type, compressor type, end-user industry, and region.
By Product Type:
Air-Cooled Chillers
Water-Cooled Chillers
Among these, the water-cooled chillers segment accounted for the highest revenue in 2021. The increasing demand for energy-efficient cooling solutions in high-rise buildings and large industrial facilities-especially in urban areas-has propelled the adoption of water-cooled chillers globally.
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By Compressor Type:
Single Screw Compressors
Dual and Twin Screw Compressors
Each type serves distinct needs, with twin screw compressors offering higher efficiency in applications requiring larger capacities.
By End-User Industry:
Food and Beverage
Chemical and Petrochemicals
Pharmaceutical
Oil and Gas
Others
The chemical and petrochemical sector emerged as the largest contributor in 2021. This segment relies heavily on precise temperature control in processes such as condensation, polymerization, and crystallization-areas where screw chillers excel due to their ability to maintain consistent temperatures over long periods.
Regional Outlook
The screw chillers market is geographically segmented into:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Asia-Pacific held the largest market share in 2021 and is expected to maintain its lead throughout the forecast period. Rapid industrialization, infrastructure development, and urbanization in countries such as China, India, Vietnam, and Indonesia are fueling demand for HVAC systems and industrial cooling solutions, thereby boosting the screw chillers market in the region.
Impact of COVID-19 on the Market
The COVID-19 pandemic significantly disrupted global supply chains and industrial production. Lockdowns and mobility restrictions led to a temporary halt in manufacturing activities, which affected the screw chillers market as well. However, the situation is gradually improving with the rollout of vaccines and the resumption of economic activities.
Manufacturers are now focusing on building more resilient supply chains, enhancing their digital infrastructure, and ensuring the safety of their workforce. The recovery of industries such as pharmaceuticals, chemicals, and construction is expected to further stimulate the demand for screw chillers in the post-pandemic era.
Competitive Landscape
The screw chillers market is characterized by intense competition and a mix of global and regional players. Key market participants include:
Carrier Global Corporation
Dunham Bush
EUROKLIMAT S.P.A.
Haier Group
Johnson Controls
LG Electronics
McQuay Air-conditioning Ltd.
Mitsubishi Electric Corporation
Robert Bosch GmbH
Trane Technologies Company LLC
These companies are investing heavily in research and development, sustainability initiatives, and digital technologies to enhance their product offerings and expand their footprint in emerging markets.
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Key Benefits for Stakeholders
The report provides a comprehensive analysis of current and future trends in the global screw chillers market.
Market estimations and forecasts for 2022 to 2031 offer insights into growth opportunities and investment prospects.
Competitive landscape analysis, including product strategies and recent developments, helps stakeholders understand market positioning.
Regional insights help identify growth hot spots and tailor business strategies accordingly
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Fax: +1-800-792-5285
help@alliedmarketresearch.com
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