Chillers Market Demand Expected To Experience Noteworthy Expansion Over 2031

Chillers Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Market OverviewWith the increasing temperatures in the environment, global warming has caused many changes in recent years. A chiller removes unwanted heat from a residential, commercial, or industrial building. Hotels, restaurants, hospitals, sporting arenas, industrial and manufacturing plants, have become essential elements of the HVAC systems.

 

Key Developments in Chillers Market
Chillers are gaining traction globally, due to their solar cooling applications. A wide range of equipment and systems is produced, including chemicals, refrigeration equipment, air conditioning equipment, electronics, hydraulics, and defense systems.

 

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Global Chillers Market: Segmentation

On the basis of Compressor Type, the Chillers market can be segmented into:

  • Screw chiller
  • Centrifugal chiller
  • Scroll chiller
  • Reciprocating chiller
  • Absorption chiller

On the basis of Capacity, the Chillers market can be segmented into:

  • <100 kW
  • 100 kW to 350 kW
  • 350 kW to 700 kW
  • >700 kW

On the basis of Heat Rejection Method, the Chillers market can be segmented into:

  • Air cooled
  • Water cooled
  • Absorption

On the basis of Refrigerant Type, the Chillers market can be segmented into:

  • R22
  • R407C
  • R134A
  • R410A
  • Others

On the basis of End-user, the Chillers market can be segmented into:

  • Rubber industry
  • Food and beverage industry
  • Plastic industry
  • Medical and pharmaceutical industry
  • Chemicals and petrochemicals industry
  • Others

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Global Chillers Market: Region-wise Outlook

China and U.S. are anticipated to dominate the chillers market, in terms of value. In the Asia Pacific, Vietnam, China and Thailand have seen major growth for chillers market owing to a small number of huge projects, mainly supplied by centrifugal chillers.

In China, the demand for chillers is seen from energy plants, hospitals, schools, and telecommunications. Energy efficiency is the main driver for the chillers market in India. Airports and shopping malls are the major end-users for chillers in Indonesia.

The Middle East and Africa region are anticipated to have moderate growth, while, in Europe, U.K. is anticipated to be the fastest growing for chillers market owing to the replacement of R22 refrigerants, and use of chillers in high rise office buildings and, airports.

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Global Chillers Market: Market Participants

Examples of some of the market participants in the global Chillers market are

  • Daikin Industries
  • Johnson Controls
  • Trane Inc.
  • Carrier Corporation
  • Thermax Limited
  • GEA Group
  • Broad Group
  • Dunham Group
  • Smartd Chiller Group Inc.
  • Thermal care Inc.
  • SKM Air Conditioning
  • Others

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