Chiller Market: Industry Expert View on Future Growth and Market Trends
Chillers provide cooling in residential, industrial, and commercial places. Chillers provides air conditioning in buildings with the use of chilled water. Rooftop chillers usually are air-cooled whereas basement chillers are water-cooled. The rising humidity concerns in both developed and developing countries, and surging demand for air conditioning systems for safety and comfort are boosting developments in the Chiller market across the world. HVAC chillers are widely used across industries such as pharmaceuticals, electronics & semiconductors, aerospace & defense, food & beverages, cold storage, turbine, and leather. Thus, increased preference for district cooling systems in industries and high-rise buildings is a major factor boosting the Chillers market growth. Moreover, rising adoption of HVAC chillers in commercial spaces and residential sector, growing disposable income and rapid pace of urbanization, and continuous proliferation of tourism industries in different regions contribute to the Chillers market growth. The construction of new hotels and public infrastructure adds to the demand for HVAC chillers.
Green building projects and third-party data centers are among the significant trends creating promising opportunities for the Chillers market players. Also, the growing investments in various developing countries of the Middle East and Africa region creates immense scope for specific HVAC chillers required in commercial, industrial and residential spaces. Concerns such as global warming and climatic changes are also contributing to the growth of Chillers market. In Europe, hotels, restaurants, resorts, cafeterias, food and beverage processing plants, multiplexes, etc., are expected to be major consumers of HVAC chillers in the coming years.
The Chillers market is segmented based on technology, type, application, and geography. The market, based on technology, is segmented into air-cooled, water-cooled, and steam-fired. On the basis of type, the market is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, and absorption chillers. The Chillers market, by application, is segmented into commercial, industrial, and residential. The major players profiled in this study on the Chiller market include Danfoss; Carrier Global Corporation; DAIKIN Industries, LTD; Johnson Controls; Kaltra; LG Electronics; Mitsubishi Electric Corporation; SKM Air Conditioning; Trane Technologies Inc; and Thermal Care, Inc. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global Chiller market and its ecosystem.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
Green building projects and third-party data centers are among the significant trends creating promising opportunities for the Chillers market players. Also, the growing investments in various developing countries of the Middle East and Africa region creates immense scope for specific HVAC chillers required in commercial, industrial and residential spaces. Concerns such as global warming and climatic changes are also contributing to the growth of Chillers market. In Europe, hotels, restaurants, resorts, cafeterias, food and beverage processing plants, multiplexes, etc., are expected to be major consumers of HVAC chillers in the coming years.
The Chillers market is segmented based on technology, type, application, and geography. The market, based on technology, is segmented into air-cooled, water-cooled, and steam-fired. On the basis of type, the market is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, and absorption chillers. The Chillers market, by application, is segmented into commercial, industrial, and residential. The major players profiled in this study on the Chiller market include Danfoss; Carrier Global Corporation; DAIKIN Industries, LTD; Johnson Controls; Kaltra; LG Electronics; Mitsubishi Electric Corporation; SKM Air Conditioning; Trane Technologies Inc; and Thermal Care, Inc. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global Chiller market and its ecosystem.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
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