Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, and Reciprocating), by End-Use Industry (Plastics, Chemicals & Petrochemicals, Medical & Pharmaceutical, Rubber, Food & Beverage, and Others), and by Region - Global Forecast to 2021

Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, and Reciprocating), by End-Use Industry (Plastics, Chemicals & Petrochemicals, Medical & Pharmaceutical, Rubber, Food & Beverage, and Others), and by Region - Global Forecast to 2021

Increasing cooling needs in industrial applications is a prime factor for the growth of the chillers market”
The global chillers market size (2016–2021) is estimated to reach USD 10.84 billion by 2021 at a CAGR of 4.24%. With the rising per capita income, the standard of living is also increasing, which further translates to the rising demand for comfort and leisure products. Cooling products such as refrigerators and air conditioners are among these key products. The growing food and healthcare industry is the driving force for the cooling equipment market. Factors such as increasing population and rising consumption of frozen food are also contributing significantly to the increase in the refrigeration equipment market.

“Plastics: the largest end-use industry segment of chillers”
Chillers are used in various end-use industries such as plastics, chemicals & petrochemicals, food & beverages, rubber, medical & pharmaceutical, and others. In 2015, the plastics segment accounted for the largest market share among all the applications, in terms of value, followed by chemicals & petrochemicals, food & beverages, and rubber industries. Among all the applications, chemicals & petrochemicals is estimated to register the highest CAGR between 2016 and 2021 in terms of value.

“Rising demand for chillers from the developing markets of Asia-Pacific is the major driver for the chillers market”

In 2015, Asia-Pacific is estimated to account for the largest market share, in terms of value, and is estimated to remain the market leader during the forecast period. High industrial growth resulted in an increased demand for chillers in different industrial applications such as in the chemicals & petrochemicals and food & beverages industries. This growth is further supported by the growing medical & pharmaceutical industry in Asia-Pacific due to the increased governmental investments in the healthcare sector. China accounted for the largest market share in this region due to the increased demand for chemicals in the last 2–3 years. Other emerging economies, such as India and Brazil, are the markets which are projected to grow rapidly.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The breakdown of primary interviews is given below.

By Company Type - Tier 1 - 33%, Tier 2 – 60%, and Others - 7%
By Designation - C level - 56%, Director level - 33%, and Others - 11%
By Region - North America - 13%, Europe - 47%, Asia-Pacific - 20%, the Middle East & Africa- 13%, and Latin America- 7%

The key companies profiled in this market research report are Daikin Industries Ltd. (Japan), Johnson Controls (U.S.), Trane Inc. (Ireland), Carrier Corporation (U.S.), Smardt Chiller Group (Canada), Thermax Inc. (U.S.), and Climaveneta S.p.A. (Italy).

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the chillers market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.

2. It will help stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

3. It will help stakeholders to understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes new product developments, partnerships, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table CHILLERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • PREMIUM INSIGHTS
    • SIGNIFICANT MARKET OPPORTUNITIES IN CHILLERS MARKET
    • LARGEST AND FASTEST-GROWING APPLICATIONS OF CHILLERS MARKET
    • CHILLERS MARKET IN ASIA-PACIFIC, 2015
    • CHILLERS MARKET SHARE, BY REGION
    • CHILLERS MARKET, BY TYPE, 2016-2021 (USD MILLION)
    • LIFE CYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • Table CHILLERS MARKET, BY TYPE
      • Table CHILLERS MARKET, BY END-USE INDUSTRY
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • RAW MATERIAL ANALYSIS
      • STEEL
      • NON-STEEL
    • PATENT ANALYSIS
    • CHILLERS: CHILLING MEDIUM
      • FLUOROCARBON
      • INORGANIC COMPOUNDS
      • AMMONIA
  • MACROECONOMIC OVERVIEW AND KEY DRIVERS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, USD BILLION, (2015-2021)
    • PER CAPITA GDP VS. PER CAPITA CHILLERS DEMAND
      • Table PER CAPITA GDP VS. PER CAPITA CHILLERS DEMAND, 2015
      • TRENDS AND FORECAST OF PHARMACEUTICAL INDUSTRY IN ASIA-PACIFIC
        • Table TRENDS AND FORECAST OF PHARMACEUTICAL INDUSTRY IN ASIA-PACIFIC, 2014-2021 (USD BILLION)
  • CHILLERS MARKET, BY CAPACITY RANGE
    • INTRODUCTION
      • Table CHILLERS MARKET, BY CAPACITY RANGE (KW MILLION), 2014-2021
  • CHILLERS MARKET, BY TYPE
    • INTRODUCTION
    • SCROLL CHILLERS
      • Table SCROLL CHILLERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SCREW CHILLERS
      • Table SCREW CHILLERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • CENTRIFUGAL CHILLERS
      • Table CENTRIFUGAL CHILLERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • RECIPROCATING CHILLERS
      • Table RECIPROCATING CHILLERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • ABSORPTION CHILLERS
      • Table ABSORPTION CHILLERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • CHILLERS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table CHILLERS MARKET, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
    • PLASTICS
      • Table CHILLERS MARKET IN PLASTICS END-USE INDUSTRY, BY REGION, 2014-2021 (USD MILLION)
    • FOOD & BEVERAGE
      • Table CHILLERS MARKET IN FOOD & BEVERAGE END-USE INDUSTRY, BY REGION, 2014-2021 (USD MILLION)
    • CHEMICALS & PETROCHEMICALS
      • Table CHILLERS MARKET IN CHEMICALS & PETROCHEMICALS END-USE INDUSTRY, BY REGION, 2014-2021 (USD MILLION)
    • RUBBER
      • Table CHILLERS MARKET IN RUBBER END-USE INDUSTRY, BY REGION, 2014-2021 (USD MILLION)
    • MEDICAL & PHARMACEUTICAL
      • Table CHILLERS MARKET IN MEDICAL & PHARMACEUTICAL END-USE INDUSTRY, BY REGION, 2014-2021 (USD MILLION)
    • OTHERS
      • Table CHILLERS MARKET IN OTHERS END-USE INDUSTRY, BY REGION, 2014-2021 (USD MILLION)
  • CHILLERS MARKET, BY REGION
    • INTRODUCTION
      • Table CHILLERS MARKET, BY REGION, 2014-2021 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: CHILLERS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • U.S.
        • Table U.S.: CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table U.S.: CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • CANADA
        • Table CANADA: CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table CANADA: CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • MEXICO
        • Table MEXICO: CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table MEXICO: CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC CHILLERS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • CHINA
        • Table CHINA CHILLERS MARKET, BY TYPE, 2014-2021 (USD MILLION)
        • Table CHINA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • INDIA
        • Table INDIA CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table INDIA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • JAPAN
        • Table JAPAN CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table JAPAN CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table SOUTH KOREA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • INDONESIA
        • Table INDONESIA CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table INDONESIA CHILLERS MARKET, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • THAILAND
        • Table THAILAND CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table THAILAND CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • TAIWAN
        • Table TAIWAN CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table TAIWAN CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
    • EUROPE
      • Table EUROPE CHILLERS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table EUROPE CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table EUROPE CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • GERMANY
        • Table GERMANY CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table GERMANY CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • FRANCE
        • Table FRANCE CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table FRANCE CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • ITALY
        • Table ITALY CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table ITALY CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • RUSSIA
        • Table RUSSIA CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table RUSSIA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • U.K.
        • Table U.K. CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table U.K. CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • TURKEY
        • Table TURKEY CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table TURKEY CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA CHILLERS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • Table MIDDLE EAST & AFRICA CHILLERS MARKET, BY TYPE, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST & AFRICA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table SAUDI ARABIA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • UAE
        • Table UAE CHILLERS MARKET SIZE, BY TYPES, 2014-2021 (USD MILLION)
        • Table UAE CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • QATAR
        • Table QATAR CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table QATAR CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table SOUTH AFRICA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA CHILLERS MARKET SIZE, BY COUNTRY, 2014-2020 (USD MILLION)
      • Table LATIN AMERICA CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • BRAZIL
        • Table BRAZIL CHILLERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
        • Table BRAZIL CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATIONS AND TRENDS
    • MARKET SHARE ANALYSIS FOR CHILLERS MARKET (2015)
    • KEY GROWTH STRATEGIES IN THE CHILLERS MARKET, 2011-2016
    • EXPANSIONS, JOINT VENTURES, AND ACQUISITIONS
      • Table EXPANSIONS, JOINT VENTURES, AND ACQUISITIONS, 2011-2016
    • NEW PRODUCT LAUNCHES
      • Table NEW PRODUCT LAUNCHES, 2011-2016
  • COMPANY PROFILE
    • DAIKIN INDUSTRIES LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CARRIER CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TRANE INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • JOHNSON CONTROLS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SMARDT CHILLER GROUP INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BROAD AIR CONDITIONING CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • THERMAX LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • POLYSCIENCE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CLIMAVENETA S.P.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • HITACHI APPLIANCES INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SHUANGLIANG ECO-ENERGY SYSTEMS CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • MIDEA GROUP CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • GEA GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • OTHER KEY PLAYERS
    • CUSTOMER LIST
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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