Chillers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of Chillers Market
The chillers market size was valued at USD 9.65 billion in 2018, and the market is now projected tgrow from USD 17.60 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period of 2015-2026.
Smart chillers have IoT integration and the product is progressively acquiring popularity because of preventive maintenance. These chillers minimize downtime, extend equipment life and reduce disruptions. Manufacturers are focusing on connected chillers tmeet rising demand for remote monitoring, diagnostics and data analytics tdrive chillers market growth. Smart chillers enhance performance by swiftly addressing emergencies and system issues.
The chillers market is alsgrowing in various industries due tincreasing applications and innovation. Chillers and their usage in multiple industries, along with recent mergers and acquisitions are driving the chillers market share. It includes ecosystem analysis, industry SWOT and key macro/microeconomic factors. The competitive landscape and company profiles offer insights intmarket positioning. Industry growth is fueled by increasing demand for efficient cooling solutions.
Comprehensive Analysis of Chillers Market
The chillers market and machinery and equipment industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by types and by applications. The type includes, Screw Chillers, Scroll Chillers, Centrifugal Chillers and Others. The application includes, Chemicals and Petrochemicals, Food and Beverages, Plastics, Rubber, Medical and Others.
Asia Pacific leads the chillers market, driven by strong demand from China’s industrial sector. Cost-effective and easy-to-install chillers are gaining popularity. Rising construction projects further boost market growth. Increasing investments in data centers fuel demand for chillers. The region’s expanding infrastructure supports continued market dominance.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, 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 and The Danfoss Group. These market players provide a level-playing competitive landscape.
In July 2018, Daikin introduced one of its superior, small-sized DZ chiller series and affiliated it with friendly refrigerants, R134a and R-1234ze.
Segmentation Table
Global Chillers Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 4.1% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Type, Application, and Geography
By Type
Screw Chillers
Scroll Chillers
Centrifugal Chillers
Others
By Application
Chemicals & Petrochemicals
Food & Beverages
Plastics
Rubber
Medical and Others
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
The chillers market size was valued at USD 9.65 billion in 2018, and the market is now projected tgrow from USD 17.60 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period of 2015-2026.
Smart chillers have IoT integration and the product is progressively acquiring popularity because of preventive maintenance. These chillers minimize downtime, extend equipment life and reduce disruptions. Manufacturers are focusing on connected chillers tmeet rising demand for remote monitoring, diagnostics and data analytics tdrive chillers market growth. Smart chillers enhance performance by swiftly addressing emergencies and system issues.
The chillers market is alsgrowing in various industries due tincreasing applications and innovation. Chillers and their usage in multiple industries, along with recent mergers and acquisitions are driving the chillers market share. It includes ecosystem analysis, industry SWOT and key macro/microeconomic factors. The competitive landscape and company profiles offer insights intmarket positioning. Industry growth is fueled by increasing demand for efficient cooling solutions.
Comprehensive Analysis of Chillers Market
The chillers market and machinery and equipment industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by types and by applications. The type includes, Screw Chillers, Scroll Chillers, Centrifugal Chillers and Others. The application includes, Chemicals and Petrochemicals, Food and Beverages, Plastics, Rubber, Medical and Others.
Asia Pacific leads the chillers market, driven by strong demand from China’s industrial sector. Cost-effective and easy-to-install chillers are gaining popularity. Rising construction projects further boost market growth. Increasing investments in data centers fuel demand for chillers. The region’s expanding infrastructure supports continued market dominance.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, 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 and The Danfoss Group. These market players provide a level-playing competitive landscape.
In July 2018, Daikin introduced one of its superior, small-sized DZ chiller series and affiliated it with friendly refrigerants, R134a and R-1234ze.
Segmentation Table
Global Chillers Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 4.1% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Type, Application, and Geography
By Type
Screw Chillers
Scroll Chillers
Centrifugal Chillers
Others
By Application
Chemicals & Petrochemicals
Food & Beverages
Plastics
Rubber
Medical and Others
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
Table of Contents
120 Pages
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Key Technological Developments
- 4.3. Consolidated SWOT Analysis of Key Players
- 5. Global Chillers Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Sizing Estimations and Forecasts – By Type (Value)
- 5.2.1. Screw Chillers
- 5.2.2. Scroll Chillers
- 5.2.3. Centrifugal Chillers
- 5.2.4. Others
- 5.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 5.3.1. Chemicals & Petrochemicals
- 5.3.2. Food & Beverages
- 5.3.3. Plastics
- 5.3.4. Rubber
- 5.3.5. Medical and Others
- 5.4. Market Analysis, Insights and Forecast – By Geography (Value)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. Latin America
- 6. North America Chillers Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Sizing Estimations and Forecasts – By Type (Value)
- 6.2.1. Screw Chillers
- 6.2.2. Scroll Chillers
- 6.2.3. Centrifugal Chillers
- 6.2.4. Others
- 6.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 6.3.1. Chemicals & Petrochemicals
- 6.3.2. Food & Beverages
- 6.3.3. Plastics
- 6.3.4. Rubber
- 6.3.5. Medical and Others
- 6.4. Market Analysis, Insights and Forecast – By Country (Value)
- 6.4.1. United States
- 6.4.2. Canada
- 7. Europe Chillers Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Sizing Estimations and Forecasts – By Type (Value)
- 7.2.1. Screw Chillers
- 7.2.2. Scroll Chillers
- 7.2.3. Centrifugal Chillers
- 7.2.4. Others
- 7.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 7.3.1. Chemicals & Petrochemicals
- 7.3.2. Food & Beverages
- 7.3.3. Plastics
- 7.3.4. Rubber
- 7.3.5. Medical and Others
- 7.4. Market Analysis, Insights and Forecast – By Country (Value)
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Rest of Europe
- 8. Asia Pacific Chillers Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Sizing Estimations and Forecasts – By Type (Value)
- 8.2.1. Screw Chillers
- 8.2.2. Scroll Chillers
- 8.2.3. Centrifugal Chillers
- 8.2.4. Others
- 8.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 8.3.1. Chemicals & Petrochemicals
- 8.3.2. Food & Beverages
- 8.3.3. Plastics
- 8.3.4. Rubber
- 8.3.5. Medical and Others
- 8.4. Market Analysis, Insights and Forecast – By Country (Value)
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Southeast Asia
- 8.4.5. Rest of Asia Pacific
- 9. Middle East and Africa Chillers Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Sizing Estimations and Forecasts – By Type (Value)
- 9.2.1. Screw Chillers
- 9.2.2. Scroll Chillers
- 9.2.3. Centrifugal Chillers
- 9.2.4. Others
- 9.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 9.3.1. Chemicals & Petrochemicals
- 9.3.2. Food & Beverages
- 9.3.3. Plastics
- 9.3.4. Rubber
- 9.3.5. Medical and Others
- 9.4. Market Analysis, Insights and Forecast – By Country (Value)
- 9.4.1. GCC
- 9.4.2. South Africa
- 9.4.3. Rest of MEA
- 10. Latin America Chillers Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Sizing Estimations and Forecasts – By Type (Value)
- 10.2.1. Screw Chillers
- 10.2.2. Scroll Chillers
- 10.2.3. Centrifugal Chillers
- 10.2.4. Others
- 10.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 10.3.1. Chemicals & Petrochemicals
- 10.3.2. Food & Beverages
- 10.3.3. Plastics
- 10.3.4. Rubber
- 10.3.5. Medical and Others
- 10.4. Market Analysis, Insights and Forecast – By Country (Value)
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of LATAM
- 11. Global Market Share Analysis, By Key Players, 2018
- 12. Competition Matrix
- 12.1. Business Strategies Adopted by Leading Players
- 13. Company Profile
- 13.1. Daikin
- 13.1.1. Overview
- 13.1.2. Product Portfolio
- 13.1.3. Financials
- 13.1.4. Recent Developments
- 13.2. Johnson Controls
- 13.2.1. Overview
- 13.2.2. Product Portfolio
- 13.2.3. Financials
- 13.2.4. Recent Developments
- 13.3. Johnson Controls-Hitachi Air Conditioning
- 13.3.1. Overview
- 13.3.2. Product Portfolio
- 13.3.3. Financials
- 13.3.4. Recent Developments
- 13.4. Mitsubishi Heavy Industries, Ltd.
- 13.4.1. Overview
- 13.4.2. Product Portfolio
- 13.4.3. Financials
- 13.4.4. Recent Developments
- 13.5. Polaris Industries Australasia
- 13.5.1. Overview
- 13.5.2. Product Portfolio
- 13.5.3. Financials
- 13.5.4. Recent Developments
- 13.6. LG Electronics
- 13.6.1. Overview
- 13.6.2. Product Portfolio
- 13.6.3. Financials
- 13.6.4. Recent Developments
- 13.7. Midea
- 13.7.1. Overview
- 13.7.2. Product Portfolio
- 13.7.3. Financials
- 13.7.4. Recent Developments
- 13.8. Dunham-Bush Americas
- 13.8.1. Overview
- 13.8.2. Product Portfolio
- 13.8.3. Financials
- 13.8.4. Recent Developments
- 13.9. Chongqing General Industry Co., Ltd.
- 13.9.1. Overview
- 13.9.2. Product Portfolio
- 13.9.3. Financials
- 13.9.4. Recent Developments
- 13.10. Carrier Corporation
- 13.10.1. Overview
- 13.10.2. Product Portfolio
- 13.10.3. Financials
- 13.10.4. Recent Developments
- 13.11. The Danfoss Group
- 13.11.1. Overview
- 13.11.2. Product Portfolio
- 13.11.3. Financials
- 13.11.4. Recent Developments "
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