Chillers Market Size, Share & Industry Analysis, By Type (Screw Chillers, Scroll Chillers, Centrifugal Chillers, and Others), By Application (Chemicals and Petrochemicals, Food and Beverages, Plastics, Rubber, Medical, and Others), and Regional Forecast, 2019-2032
The chillers Market 2025 is growing as energy efficiency and environmental sustainability become key concerns in cooling systems. Modern chillers, incorporating advancements such as variable speed drives and eco-friendly refrigerants, are crucial for reducing operational costs and environmental impact in commercial, industrial, and institutional applications.
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List of the Companies Profiled in the Report:
- Daikin
- Johnson Controls
- Johnson Controls-Hitachi Air Conditioning
- Mitsubishi Heavy Industries, Ltd.
- Polaris Industries Australasia
- LG Electronics
- Midea
- Dunham-Bush Americas
- Chongqing General Industry Co., Ltd.
- Carrier Corporation
- The Danfoss Group
Segmentation:
By Type
- Screw Chillers
- Scroll Chillers
- Centrifugal Chillers
- Others
By Application
- Chemicals & Petrochemicals
- Food & Beverages
- Plastics
- Rubber
- Medical and Others
Chillers Market Drivers and Restraints:
Key Drives:
- Increasing demand for cooling in industrial and commercial sectors.
- Growing adoption of energy-efficient and eco-friendly chillers.
Restraining Factors:
- High initial cost and energy consumption.
- Stringent environmental regulations on refrigerants.
Report Coverage
The global chillers Industry size was valued at USD 9.65 billion in 2018 and is expected to reach USD 17.60 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period. Asia Pacific dominated the Chillers Industry with a Industry share of 50.15% in 2018. Rising demand for frozen food is driving the global chillers Industry.
The report provides:
- Key growth drivers, challenges, opportunities, and potential barriers in the market.
- Comprehensive insights into regional developments.
- A list of major industry players.
- Key strategies adopted by market leaders.
- Recent industry developments, including product launches, partnerships, mergers, and acquisitions.
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Global Chillers Market: Regional Segmentation:-
- North America (USA & Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia & Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia & Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, South Africa & Rest of Middle East & Africa)
The information in this study is based on both primary and secondary research methods. The major research methodology comprises interactions with service providers, suppliers, and industry experts. The secondary research process entails a thorough search of relevant documents such as corporate annual reports, financial reports, and proprietary databases.
Key Industry Development
The manufacturers are focusing on advancement in technologies to provide customers with highly efficient chillers at low cost, maintenance, noise, and; vibrations. Johnson Controls is expected to be one of the leading players in the industry.
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