Press release
Rise In Pharmaceutical Industry To Drive Market Growth: A Key Catalyst Accelerating Industrial Air Chiller Market Growth in 2025
Industrial Air Chiller
Industrial Air Chiller Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the industrial air chiller market has experienced consistent growth. The market is projected to rise from $4.99 billion in 2024 to $5.14 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.0%. The growth experienced during the historic period can be associated with various factors such as incentives and rebates, geopolitical influences, maintenance practices, shifts in industry demand, and refrigerant regulations.
Industrial Air Chiller Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the industrial air chiller sector is anticipated to undergo consistent growth in the coming years, expanding to reach $6.25 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 5.0%. The development predicted for the forecasted period can be credited to factors such as the adoption of renewable energy, after-sales services, adaptability to climate change, investment in research and development, the replacement cycle, as well as urbanization and infrastructure growth. Noteworthy trends for the predicted period comprise energy efficiency, adherence to environmental regulations, demand from various end-user industries, along with a heightened focus on precision cooling.
View the full report here:
https://www.thebusinessresearchcompany.com/report/industrial-air-chiller-global-market-report
What Are the Drivers Transforming the Industrial Air Chiller Market?
The escalating development of the pharmaceutical sector is set to stimulate the expansion of the industrial air chiller market. Firms dealing in the production and distribution of medical drugs are categorized under pharmaceuticals. The application of industrial air chillers extends to the secure preservation of pharmaceutical components like medicines and other chemical substances, hence the rise of this sector promotes market growth. To illustrate, data from the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based association advocating for Europe's pharmaceutical sector, delineated a substantial augmentation in R&D expenditure. It escalated from $30.5 billion in 2020 to $46.5 billion in 2021, eventually hitting $48.6 billion in 2022. This highlights a remarkable growth in research and development funding in the pharmaceutical industry. Therefore, the expanding pharmaceutical sector is fueling the development of the industrial air chiller market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8471&type=smp
What Trends Will Shape the Industrial Air Chiller Market Through 2029 and Beyond?
Major firms in the industrial air chiller sector are emphasizing the creation of innovative products such as brine chillers. These are crafted with the aim to boost energy efficiency and cut down operational costs in industrial frameworks. Brine chillers make use of a brine or saltwater solution for absorbing and transferring heat, rendering themselves as efficient cooling systems. They are frequently utilized in industrial procedures, food manufacturing, and HVAC systems owing to their efficiency in sustaining lower temperatures. For example, in December 2023, Emicon, an Indian cooling solution manufacturing company, unveiled its new line of R290 brine chillers. The series includes eco-friendly R290 refrigerant technology, promising high energy efficiency and reliability. These newly-launched brine chillers are projected to serve various industrial requirements, promising sustainable cooling solutions that leverage advanced technology while minimizing environmental harm.
Which Segments in the Industrial Air Chiller Market Offer the Most Profit Potential?
The industrial air chillermarket covered in this report is segmented -
1) By Type: Centrifugal Chillers, Reciprocating Chillers, Scroll Compressor Chillers, Screw Driver Chillers
2) By Function: Stationary, Transport
3) By End User Industry: Food And Beverage, Pharmaceutical, Utility And Power, Oil And Gas, Other End User Industries
Subsegments:
1) By Centrifugal Chillers: Water-Cooled Centrifugal Chillers, Air-Cooled Centrifugal Chillers
2) By Reciprocating Chillers: Water-Cooled Reciprocating Chillers, Air-Cooled Reciprocating Chillers
3) By Scroll Compressor Chillers: Water-Cooled Scroll Chillers, Air-Cooled Scroll Chillers
4) By Screw Driver Chillers: Water-Cooled Screw Driver Chillers, Air-Cooled Screw Driver Chillers
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8471&type=smp
Which Firms Dominate the Industrial Air Chiller Market by Market Share and Revenue in 2025?
Major companies operating in the industrial air chiller market are Johnson Controls International PLC, Mitsubishi Electric Corporation, Daikin Industries Ltd., Trane Technologies Company LLC, Carrier Global Corporation, Blue Star Limited, Airedale International Air Conditioning Ltd., Hiver Aircon Pvt. Ltd., GEM Orion Machinery Private Limited, Jiangsu Huazhao Refrigeration Equipment Co. Ltd., Fujitsu General Limited, Haier Group Corporation, Midea Group, Ingersoll Rand Inc., Panasonic Holdings Corporation, Hitema International S.r.l., HYDAC Technology GmbH, KKT chillers Inc., Lennox International Inc., LG Electronics Inc., MTA S.p.A., Multistack LLC, Parker-Hannifin Corporation, Process Cooling Systems Inc., Reynold India Pvt. Ltd., Rittal GmbH & Co. KG, Shanghai Shenglin M&E Technology Co. Ltd., Sterling HVAC Products, Thermal Care Inc., YORK International Corporation
Which Regions Offer the Highest Growth Potential in the Industrial Air Chiller Market?
North America was the largest region in the industrial air chiller market in 2024. The regions covered in the industrial air chiller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8471
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Rise In Pharmaceutical Industry To Drive Market Growth: A Key Catalyst Accelerating Industrial Air Chiller Market Growth in 2025 here
News-ID: 4202477 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion 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…
