Press release
Segmentation, Major Trends, and Competitive Overview of the Chillers Market
Chillers Market
Projected Growth and Size of the Chillers Market by 2030
The global chillers market is set to grow steadily, reaching a value of $13.3 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 4.0%. The steady rise can be linked to increasing adoption of energy-efficient and sustainable cooling technologies, broader use of digitally connected chillers, and progress in advanced absorption and reciprocating systems. Additionally, growth in high-capacity and modular chillers, coupled with smart temperature management solutions, is expected to drive the market forward. Key trends forecasted to impact the market include AI-optimized chiller systems, Internet of Things (IoT) integration for monitoring, energy-efficient refrigeration methods, digital twin chillers, and enhanced smart cooling management systems.
Download a free sample of the chillers market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5742&type=smp
Leading Companies Shaping the Chillers Industry
The chillers market features several prominent players that influence its development. Among them are Carrier Corporation, Daikin Industries Ltd., Trane Technologies plc, Hitachi Air Conditioning Company Ltd., Johnson Controls International plc, Thermax Limited, Smardt Chiller Group Inc., Mitsubishi Electric Corporation, Midea Group Co. Ltd., LG Electronics Inc., Reynold India Pvt. Ltd., Dimplex Thermal Solutions, Dunham-Bush Ltd., Frigel Firenze SpA, Friulair S.R.L., HYDAC International GmbH, Thermal Care Inc., SKM Air Conditioning, Meccanotecnica Applicata S.r.l., KKT Chillers, Delta T Systems Inc., Chase Cooling Systems, TopChiller, Frost Italy S.r.l., Cold Shot Chillers, York International Corporation, Multistack LLC, Airedale International Air Conditioning Ltd., Blue Star Limited, Climaveneta S.p.A., and Lennox International Inc.
Recent Strategic Acquisition Enhancing Market Position
In October 2024, Schneider Electric, a global leader in energy management and automation, acquired Motivair Corporation for an undisclosed sum. This strategic move is aimed at bolstering Schneider Electric's leadership across the data center value chain by incorporating Motivair's expertise in advanced liquid cooling and thermal management solutions tailored for high-performance computing systems. Motivair Corporation, based in the US, specializes in advanced liquid and data center cooling technologies, including chillers.
View the full chillers market report:
https://www.thebusinessresearchcompany.com/report/chillers-global-market-report
Emerging Trends Driving Innovation in the Chillers Market
Companies within the chillers market are increasingly focusing on developing innovative hybrid chillers that combine gas and electric power to enhance energy efficiency and operational flexibility. These hybrids offer the benefits of natural gas and grid electricity, adapting cooling loads efficiently while cutting costs. For example, in January 2023, Tecogen Inc., a US manufacturer known for combined heat and power products, introduced the Tecochill Hybrid-Drive air-cooled chiller. This model seamlessly integrates natural gas with electricity and incorporates hybrid drive technology that mimics the performance of variable frequency drive (VFD) chillers, delivering efficient output adjustments with lower operating expenses.
Overview of Key Segments in the Chillers Market Report
The chillers market is categorized into several key segments, providing detailed insights into product types, power ranges, compressor types, and end-user applications:
1) By Product Type: Air Cooled Chiller, Water Cooled Chiller
2) By Power Range: Less than 50 kW, 50-200 kW, More than 200 kW
3) By Compressor Type: Screw Chillers, Centrifugal Chillers, Absorption Chillers, Reciprocating Chillers
4) By End User: Commercial, Industrial, Residential
Further sub-segmentation includes:
- Air Cooled Chillers: Scroll Air Cooled Chillers, Screw Air Cooled Chillers, Reciprocating Air Cooled Chillers
- Water Cooled Chillers: Centrifugal Water Cooled Chillers, Screw Water Cooled Chillers, Reciprocating Water Cooled Chillers
This segmentation offers a comprehensive view of the chillers market's structure, enabling a better understanding of product-specific trends and customer applications.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering 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 Segmentation, Major Trends, and Competitive Overview of the Chillers Market here
News-ID: 4375790 • Views: …
More Releases from The Business Research Company
Leading Companies Reinforce Their Presence in the CNC Controller Market
The CNC controller market is set to experience significant expansion in the coming years, driven by technological advancements and increasing applications across various industries. As automation and precision machining become more central to manufacturing, the demand for sophisticated CNC controllers continues to rise, signaling promising growth prospects.
Projected Market Size and Growth for the CNC Controller Market
The CNC controller market is anticipated to reach a value of $4.16 billion by…
Key Strategic Developments and Emerging Changes Shaping the Circuit Monitoring M …
The circuit monitoring market is set to experience significant expansion in the coming years, driven by advancements in technology and increasing demand across various sectors. As smart infrastructure and energy management become priorities worldwide, this market is poised for steady growth and innovation. Let's explore the market size projections, key players, emerging trends, and the major segments defining this industry.
Circuit Monitoring Market Size and Growth Outlook Through 2030
The circuit…
Top Players and Market Competition in the Cast Resin Dry Type Transformer Indust …
The cast resin dry type transformer market is positioned for significant expansion in the coming years, driven by technological advancements and rising demand across various sectors. This overview explores the anticipated market growth, key industry players, emerging trends, and segmentation, providing a comprehensive understanding of this evolving landscape.
Projected Market Growth and Size for the Cast Resin Dry Type Transformer Market
The cast resin dry type transformer market is forecasted to…
Segmentation, Major Trends, and Competitive Overview of the Capacitor Bank Marke …
The capacitor bank industry is on track for significant expansion as modern electrical infrastructure demands more efficient and reliable power management solutions. With rising investments in renewable energy and smart grid technologies, this sector is poised to experience notable advancements and increased market activity in the coming years. Let's explore the current market size, prominent players, emerging trends, and key segments shaping this industry's future.
Steady Growth Projections for the Capacitor…
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…
