Chiller Market Comprehensive Study Explore Huge Growth in Future | Johnson Controls, Carrier Corporation, Thermax

Chillers are extensively used in industries such as plastic, chemical & petrochemical, rubber and others. In the medical industry, cooling down of hospital magnetic resonance imaging (MRI) units is amongst major applications of chillers. Moreover, these are increasingly being used in the food & beverage industry to maintain the temperature of production equipment and storage environment. Market players provide chillers of various sizes and cooling capabilities to meet the requirements of customers. In the commercial sector, offices, hotels, and hospitals exhibit increasing demand for various types of chillers. In addition, hectic lifestyle of consumers has increased the adoption of frozen foods, which has supplemented the demand for chillers by the food processing industry.

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Increase in demand for energy-efficient cooling solutions across industries such as plastic, chemical & petrochemical, rubber & others drives the global chiller market. However, high cost associated with electricity restraints the market growth. Technological advancements are expected to create potential business opportunities for the industry in the near future.

The global chiller market is segmented based on type, end user, and geography. The type segment includes screw, scroll, centrifugal, absorption, and reciprocating chillers. The end user segment comprises industries such as chemicals & petrochemicals, food & beverages, plastics, rubber, and medical & others. Geographically, the market is classified into North America, Europe, Asia-Pacific, and LAMEA. Scroll chiller has gained widespread popularity in the market owing to its extensive usage in wide application areas. The absorption chiller segment is expected to report a relatively faster growth, owing to its low maintenance and manufacturing cost, which have increased its penetration among consumers.

POTENTIAL BENEFITS FOR STAKEHOLDERS

A comprehensive analysis of the current and future market trends in the global chiller market to identify the potential investment pockets is discussed.
The report provides impact analysis of key market growth drivers, restraints, and opportunities.
Quantitative analysis of the market from 2014 to 2022 is provided to showcase the financial scenario and chiller industry growth.
Porter's Five Forces model illustrates the potency of the buyers & suppliers who participate in the market.

KEY PLAYERS IN THE GLOBAL CHILLER MARKET

Daikin Industries Ltd.
Johnson Controls
Trane Inc.
Carrier Corporation
Smartd Chiller Group Inc.
Thermax Ltd.
Hitachi Appliances Inc.
Climaveneta S.P.A.
Polyscience
Dimplex Thermal Solutions.

*Other players in the value chain include

(Profiles not included in the report, the same will be included on request):

Thermal Care Inc.
BV Thermal Systems
Temptek Inc.
Advantage Engineering Inc.
Broad Air Conditioning Co. Ltd.

CHILLER MARKET SEGMENTATION

BY TYPE

Screw Chiller
Scroll Chiller
Centrifugal Chiller
Absorption Chiller
Reciprocating Chiller

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BY END USER

Chemicals & Petrochemicals
Food & Beverages
Plastics
Rubber
Medical & Others

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Africa
Brazil
Rest of LAMEA

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