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Global HVAC Chillers Market 2018-2022

Global HVAC Chillers Market 2018-2022

About HVAC Chillers

Heating, ventilation, and air conditioning (HVAC) chillers are equipment used to cool a building or an equipment. HVAC is an assembly of various types of equipment installed together to provide heating and cooling. It is also used in different industries to keep the machinery running by maintaining the temperature of the place where machines are installed.

Technavio’s analysts forecast the global HVAC chillers market will post a revenue of close to USD 11 billion by 2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVAC chillers market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global HVAC Chillers Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DAIKIN INDUSTRIES
  • Ingersoll Rand (Trane)
  • Johnson Controls
  • LG Electronics
  • Mitsubishi Electric
  • United Technologies (Carrier)
Market driver
  • Growing demand for absorption chillers across industrial sector
  • For a full, detailed list, view our report
Market challenge
  • Intensified market competition
  • For a full, detailed list, view our report
Market trend
  • Growing number of data centers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global HVAC Chillers Market 2018-2022

Technavio recognizes the following companies as the key players in the global HVAC chillers market: DAIKIN INDUSTRIES, Ingersoll Rand (Trane), Johnson Controls, LG Electronics, Mitsubishi Electric, and United Technologies (Carrier).

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing number of data centers. Data centers are a centralized hub of information, owned and operated by businesses and firms to provide reliable and uninterrupted data. In the last few years, the number of data centers has substantially increased and is expected to continue rising over the coming years.”

According to the report, one driver in the market is growing demand for absorption chillers across industrial sector. The preference for absorption chillers is high among end-users as it offers a wide range of benefits in comparison to conventional chillers. These benefits include low noise levels, lower maintenance and operational costs, and improved efficiency.

Further, the report states that one challenge in the market is intensified market competition. The global HVAC chillers market is geographically diverse and witnesses intense competition. The existence of numerous international and regional players has intensified the market competition.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Global air conditioning market 2017
      • Table Global air conditioning market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Global HVAC chillers market - Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Global HVAC chillers market - Market size and forecast 2017-2022
      • Table Global HVAC chillers market – Market size and forecast 2017-2022 ($ bn)
      • Table Global HVAC chillers market – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by end-user
    • Segmentation by end-user
    • Industrial sector
    • Commercial sector
  • Market segmentation by product
    • Segmentation by product
      • Table Product – Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Screw chillers – Market size and forecast 2017- 2022
      • Table Screw chillers – Market size and forecast 2017-2022 ($ bn)
      • Table Screw chillers – Year-over-year growth 2018-2022 (%)
    • Scroll chillers – Market size and forecast 2017- 2022
      • Table Scroll chillers – Market size and forecast 2017-2022 ($ bn)
      • Table Scroll chillers – Year-over-year growth 2018-2022 (%)
    • Centrifugal chillers – Market size and forecast 2017-2022
      • Table Centrifugal chillers – Market size and forecast 2017-2022 ($ bn)
      • Table Centrifugal chillers – Year-over-year growth 2018-2022 (%)
    • Other chillers – Market size and forecast 2017- 2022
      • Table Other chillers – Market size and forecast 2017-2022 ($ bn)
      • Table Other chillers – Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global HVAC chillers market – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ bn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ bn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ bn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Benefits of absorption chillers
      • Table Array of applications of absorption chillers in industrial sector
    • Market challenges
      • Table Global overview of regulations impacting HVAC markets
      • Table Global warming potential (GWP) of refrigerants
      • Table List of de-listed refrigerants for commercial refrigeration
  • Market trends
    • Table Impact of the market trends
    • Growing number of data centers
    • Advent of smart connected chillers
      • Table Benefits of smart connected chillers
    • Technological advances in chillers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DAIKIN INDUSTRIES
      • Table DAIKIN INDUSTRIES - Vendor overview
      • Table DAIKIN INDUSTRIES – Business segments
      • Table DAIKIN INDUSTRIES – Organizational developments
      • Table DAIKIN INDUSTRIES – Geographic focus
      • Table DAIKIN INDUSTRIES – Segment focus
      • Table DAIKIN INDUSTRIES – Key offerings
    • Ingersoll Rand (Trane)
      • Table Ingersoll Rand (Trane) - Vendor overview
      • Table Ingersoll Rand (Trane) – Business segments
      • Table Ingersoll Rand (Trane) – Organizational developments
      • Table Ingersoll Rand (Trane) – Geographic focus
      • Table Ingersoll Rand (Trane) – Segment focus
      • Table Ingersoll Rand (Trane) – Key offerings
    • Johnson Controls
      • Table Johnson Controls - Vendor overview
      • Table Johnson Controls – Business segments
      • Table Johnson Controls – Organizational developments
      • Table Johnson Controls – Geographic focus
      • Table Johnson Controls – Segment focus
      • Table Johnson Controls – Key offerings
    • LG Electronics
      • Table LG Electronics - Vendor overview
      • Table LG Electronics – Business segments
      • Table LG Electronics – Organizational developments
      • Table LG Electronics – Geographic focus
      • Table LG Electronics – Segment focus
      • Table LG Electronics – Key offerings
    • Mitsubishi Electric
      • Table Mitsubishi Electric - Vendor overview
      • Table Mitsubishi Electric – Business segments
      • Table Mitsubishi Electric – Organizational developments
      • Table Mitsubishi Electric – Geographic focus
      • Table Mitsubishi Electric – Segment focus
      • Table Mitsubishi Electric – Key offerings
    • United Technologies (Carrier)
      • Table United Technologies (Carrier) - Vendor overview
      • Table United Technologies (Carrier) – Business segments
      • Table United Technologies (Carrier) – Organizational developments
      • Table United Technologies (Carrier) – Geographic focus
      • Table United Technologies (Carrier) – Segment focus
      • Table United Technologies (Carrier) – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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