Press release
Portable Fluid Chiller Market to Witness Comprehensive Growth by 2025
The Portable Fluid Chiller is designed and used to remove heat from the fluid. The fluid may be water, air, or a mixture of the glycol which is circulated through a heat exchanger. A wide variety of portable chillers available in the market depending upon the capacity. The portable chillers are generally mounted on the casters so that it can be moved quickly from one application to another on a plant. The portable fluid chillers are the best suited for smaller applications in a plant. The size of the portable fluid chiller plays an important role while designing for a particular application, as oversized portable fluid chiller may cost more to operate due to excessive cycling.
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Portable Fluid Chiller Market: Drivers and Restraints
The global portable Fluid Chiller market is expected to grow at a significant CAGR due to the increasing demand from various end-use industries for low and ultra-low temperature as well as process cooling. The growing preference from various end-use industries such as automotive, chemical processing, semiconductor, etc. is expected to create significant demand for portable fluid chiller market over the forecast period. The growth in precision manufacturing processes such as injection molding which require very close control over the process is further projected to create demand for portable fluid chiller during the forecast period. The use of portable fluid chiller is more in manufacturing processes where there is a chance of overheating which can result in the loss of product or damage the equipment. Moreover, it offers the comfort of movement from one place to another and is best suited for a variety of small applications as these portable fluid chillers are mounted on casters. The factors such as fluid or material being cooled, the temperature of coolant entering and leaving the chiller, and also the amount of refrigerant flowing through the chiller play an important role while determining the size and suitability of a chiller for a particular application.
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Portable Fluid Chiller Market: Segmentation
On the basis of Configuration: Water Cooled, Air Cooled, Portable, Split Systems. On the basis of End-Use Industry: Oil and Gas, Power Generation, Paper Industry, Automotive Industry, Steel Industry, Plastic Injection and Moulding, Others.
Portable Fluid Chiller Market: Region Wise Outlook
The global Portable Fluid Chiller Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). The North American region is expected to have a largest market share in the global portable fluid chiller market. The rapidly growing industrialization in APEJ region is projected to drive the demand for portable fluid chiller over the forecast period. The portable fluid chiller market in APEJ region is projected to exhibit higher CAGR during the forecast period due to heavy demand from the end user industries in this region. The industrial development in the Latin America region has increased the demand for portable fluid chillers from plastics, power generation, chemical processing, food, etc. industries.
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Portable Fluid Chiller Market: Key Players – Fluid Chillers, Inc., Thermonics Corporation, ADVANTAGE ENGINEERING, INC, Koolance, Inc., Mokon, Bemco Inc., Cooling Technology Inc, Berg Chilling Systems Inc., G&D Chillers, BV Thermal Systems.
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