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2021
Chillers Market

Chillers Market by Type (Screw Chiller, Scroll Chiller, Centrifugal Chiller, and Others), Product Type (Air Cooled Chiller and Water-Cooled Chiller), Power Range (50 Kw, 50-200 Kw, and More Than 200 Kw), and End User (Chemical and Petrochemicals, Food and Beverages, Medical, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A01505
Pages: 268
May 2021 | 19922 Views
   
Author(s) : Amol Phoke, Priyanka Khandelwal , Onkar Sumant
Tables: 131
Charts: 76
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global chillers market size was $10,049.4 million in 2019 and is expected to reach $12,670.0 million by 2028, registering a CAGR of 3.7% from 2021 to 2028. Chillers are generally used in the industrial sector to maintain equipment temperature and keep the atmosphere cool. Some of the components of chillers include compressors, evaporators, condensers, control units, power panels, and expansion valves. Chillers provide air conditioning by eliminating the unwanted heat from commercial and industrial buildings. 

The COVID 19 outbreak has negatively influenced the development of the global chillers industry owing to the lockdown measure in regions such as Asia-Pacific & Europe in addition to delay in manufacturing & production of chillers.

A rise in demand for chillers from various industry verticals such as food & beverages, petrochemicals, rubber, plastic, medical, and others, fuels the growth of the market. The growth in aviation industry and rise in new commercial construction buildings, is anticipated to drive the global chillers market growth. For instance, according to Civil Aviation Administration of China (CAAC), China built 27 new airports between 2014 and 2017, which in turn, increased the demand for chillers, to keep the atmosphere cool. These situations are predicted to fuel the growth of the market.

Chillers-Market-2021-2028

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In addition, increase in average temperature globally, which in turn, leads to the adoption of heating, ventilation, and air conditioning systems (HVAC systems)drives the growth of the market. For instance, according to Oppla Organization, by year 2100, the global temperature is expected to increase by 4.50°C in comparison to 1990s.

Major players such as Daikin Industries Ltd., LG Electronics, and others are engaged in offering centrifugal chiller to the market. For instance, in 2018, Daikin Industries Ltd. launched a new centrifugal oil-free water-cooled chiller with magnetic bearing technology. It has features such as low noise level, 32% energy saving, and rapid restart. It is best suitable for data center. 

An increase in government spending on construction building activities, requires more chillers for temperature control. This in turn is anticipated to cater to the growth of the chillers market. For instance, in December 2018, the construction industry of Spain accounted for 5.8% of country’s GDP. Furthermore, an increase in the effect of greenhouse gases produces a global warming effect globally. For instance, the total global warming effect is increased by 37% from 1990 to 2015. An increase in urbanization and surge in disposable income of people are the factors anticipated to fuel the growth of the global chiller market. For instance, urbanization in Latin America increased by 0.3% from 2018 to 2019. Moreover, surge in industrial and residential construction activities with government initiatives such as “National Infrastructure Program”, and “Nation Program on Strategies for Sustainable Smart Cities”, and others, are expected to drive the growth of the market.

Chillers Market
By Type

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Screw Chiller segment holds dominant position in 2019

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However, high initial investment and setup cost, fluctuation in raw material prices, and rise in demand for variable refrigerant flow (VRF) systems are anticipated to restrain the growth of the global chiller market. Furthermore, technological innovation in chillers is expected to offer remunerative opportunities for the global chillers market. 

The chillers market is segmented into type, product type, power range, end user, and region. By type, it is divided into screw chiller, scroll chiller, centrifugal chiller, and others. Screw chiller segment having the highest revenue in 2019. By product type, it is bifurcated into air-cooled chiller, and water-cooled chiller. By power range, it is classified into less than 20 kW, 50-200 kW, and more than 200 kW.  More than 200 kW segment generated the highest revenue in 2019. By end user, it is fragmented into chemicals & petrochemicals, food & beverages, medical, and others. The others segment contributed the highest revenue in 2019.By region, it is studied across North America, Europe, Asia-Pacific, and LAMEA. In 2019, Asia-Pacific region was the highest contributor to the global chillers market share, and is anticipated to secure a leading position during the forecast period.

Chillers Market
By End User

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Medical segment is expected to grow at a significant CAGR

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Competition Analysis

The key players profiled in the report include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Dimplex Thermal Solutions, LG Electronics, Johnson Controls International Plc, Gree Electric Appliances Inc of Zhuhai, Midea Group Co. Ltd, Thermax Ltd, and Trane Technologies Plc.

The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the change in consumer demands. For instance, in February 2019, Dimplex Thermal Solutions launched a new P Series chiller for dairy and milk processing operations. This chiller is used in dairy applications with capacity of cooling milk from 100 degrees Fahrenheit to 40 degrees Fahrenheit within 30 minutes to protect from production of harmful bacteria. This chiller is available in size of ranging from 1/8 tons to more than 90 tons. It is best suited for dairy and milk processing applications.

Chillers Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific Region is expected to dominate the market during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global chillers market trends and dynamics.  
  • Extensive analysis of global chiller is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • In-depth market analysis is conducted by global chillers market estimations for the key market segments between 2019 and 2028. 
  • A comprehensive global chillers market analysis of all the regions is provided to determine the prevailing opportunities.
  • The global chillers market forecast analysis from 2021 to 2028 is included in the report.
  • The key market players within the global chillers market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global chillers market.

Global Chillers Market Segments

By Type 

  • Screw Chiller
  • Scroll Chiller
  • Centrifugal Chiller
  • Others

By Product Type 

  • Air Cooled Chiller
  • Water Cooled Chiller

By Power Range 

  • Less than 50 kW
  • 50-200 kW
  • More than 200 kW

By End User

  • Chemicals & Petrochemicals
  • Food & Beverages
  • Medical
  • Others

BY Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key Market Segments
1.4.Key market players
1.5.Research methodology

1.5.1.Secondary research
1.5.2.Primary research
1.5.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key Findings of The Study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Market player positioning, 2020
3.4.Porter's five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Growth in construction industry
3.5.1.2.Increase in demand for chillers in medical industry
3.5.1.3.Increase in consumption of frozen foods

3.5.2.Restraint

3.5.2.1.Rise in demand for VRF systems
3.5.2.2.High initial investment and setup cost
3.5.2.3.Fluctuation in raw material prices

3.5.3.Opportunities

3.5.3.1.Technological advancements

3.6.COVID-19 Impact Analysis

CHAPTER 4:CHAPTER 4: GLOBAL CHILLERS MARKET, BY PRODUCT TYPE

4.1.Overview

4.1.1.Market size and forecast, by product type

4.2.Screw chillers

4.2.1.Key market trends, growth factors, and opportunities
4.1.1.Market size and forecast, by region
4.1.2.Market size and forecast, by country

4.3.Scroll chillers

4.3.1.Key market trends, growth factors, and opportunities
4.1.3.Market size and forecast, by region
4.1.4.Market size and forecast, by country

4.4.Centrifugal chillers

4.4.1.Key market trends, growth factors, and opportunities
4.1.5.Market size and forecast, by region

4.1.6.Market size and forecast, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.1.7.Market size and forecast, by region
4.1.8.Market size and forecast, by country

CHAPTER 5: GLOBAL CHILLERS MARKET, BY TYPE

5.1.Market overview

5.1.1.Market size and forecast, by type

5.2.Air Cooled Chiller

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market size and forecast, by country

5.3.Water Cooled Chiller

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market size and forecast, by country

CHAPTER 6: GLOBAL CHILLERS MARKET, BY POWER RANGE

6.1.Market overview

6.1.1.Market size and forecast, by power range

6.2.Less than 50 kW

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market size and forecast, by country

6.3.50-200 kW

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market size and forecast, by country

6.4.More than 200 kW

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market size and forecast, by country

CHAPTER 7: GLOBAL CHILLERS MARKET, BY END USER

7.1.Market overview

7.1.1.Market size and forecast, by end user

7.2.Chemicals & petrochemicals

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market size and forecast, by country

7.3.Food & beverages

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market size and forecast, by country

7.4.Medical

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market size and forecast, by country

7.5.Others

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market size and forecast, by country

CHAPTER 8: GLOBAL CHILLERS MARKET, BY REGION

8.1.Market overview

8.1.1.Market size and forecast

8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by product type
8.2.3.Market size and forecast, by type
8.2.4.Market size and forecast, by power range
8.2.5.Market size and forecast, by end user
8.2.6.Market size and forecast, by country

8.2.6.1.U.S.

8.2.6.1.1.U.S. Market size and forecast, by product type
8.2.6.1.2.U.S. Market size and forecast, by type
8.2.6.1.3.U.S. Market size and forecast, by power range
8.2.6.1.4.U.S. Market size and forecast, by end user

8.2.6.2.Canada

8.2.6.2.1.Canada Market size and forecast, by product type
8.2.6.2.2.Canada Market size and forecast, by type
8.2.6.2.3.Canada Market size and forecast, by power range
8.2.6.2.4.Canada Market size and forecast, by end user

8.2.6.3.Mexico

8.2.6.3.1.Mexico Market size and forecast, by product type
8.2.6.3.2.Mexico Market size and forecast, by type
8.2.6.3.3.Mexico Market size and forecast, by power range
8.2.6.3.4.Mexico Market size and forecast, by end user

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by product type
8.3.3.Market size and forecast, by type
8.3.4.Market size and forecast, by power range
8.3.5.Market size and forecast, by end user
8.3.6.Market size and forecast, by country

8.3.6.1.Germany

8.3.6.1.1.Germany Market size and forecast, by product type
8.3.6.1.2.Germany Market size and forecast, by type
8.3.6.1.3.Germany Market size and forecast, by power range
8.3.6.1.4.Germany Market size and forecast, by end user

8.3.6.2.Italy

8.3.6.2.1.Italy Market size and forecast, by product type
8.3.6.2.2.Italy Market size and forecast, by type
8.3.6.2.3.Italy Market size and forecast, by power range

8.3.6.2.4.Italy Market size and forecast, by end user

8.3.6.3.UK

8.3.6.3.1.UK Market size and forecast, by product type
8.3.6.3.2.UK Market size and forecast, by type
8.3.6.3.3.UK Market size and forecast, by power range
8.3.6.3.4.UK Market size and forecast, by end user

8.3.6.4.France

8.3.6.4.1.France Market size and forecast, by product type
8.3.6.4.2.France Market size and forecast, by type
8.3.6.4.3.France Market size and forecast, by power range
8.3.6.4.4.France Market size and forecast, by end user

8.3.6.5.Rest of Europe

8.3.6.5.1.Rest of Europe Market size and forecast, by product type
8.3.6.5.2.Rest of Europe Market size and forecast, by type
8.3.6.5.3.Rest of Europe Market size and forecast, by power range
8.3.6.5.4.Rest of Europe Market size and forecast, by end user

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by product type
8.4.3.Market size and forecast, by type
8.4.4.Market size and forecast, by power range
8.4.5.Market size and forecast, by end user
8.4.6.Market size and forecast, by country

8.4.6.1.China

8.4.6.1.1.China Market size and forecast, by product type
8.4.6.1.2.China Market size and forecast, by type
8.4.6.1.3.China Market size and forecast, by power range
8.4.6.1.4.China Market size and forecast, by end user

8.4.6.2.Japan

8.4.6.2.1.Japan Market size and forecast, by product type
8.4.6.2.2.Japan Market size and forecast, by type
8.4.6.2.3.Japan Market size and forecast, by power range
8.4.6.2.4.Japan Market size and forecast, by end user

8.4.6.3.India

8.4.6.3.1.India Market size and forecast, by product type
8.4.6.3.2.India Market size and forecast, by type
8.4.6.3.3.India Market size and forecast, by power range
8.4.6.3.4.India Market size and forecast, by end user

8.4.6.4.Australia

8.4.6.4.1.Australia Market size and forecast, by product type
8.4.6.4.2.Australia Market size and forecast, by type
8.4.6.4.3.Australia Market size and forecast, by power range
8.4.6.4.4.Australia Market size and forecast, by end user

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Rest of Asia-Pacific Market size and forecast, by product type
8.4.6.5.2.Rest of Asia-Pacific Market size and forecast, by type
8.4.6.5.3.Rest of Asia-Pacific Market size and forecast, by power range
8.4.6.5.4.Rest of Asia-Pacific Market size and forecast, by end user

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by product type
8.5.3.Market size and forecast, by type
8.5.4.Market size and forecast, by power range
8.5.5.Market size and forecast, by end user
8.5.6.Market size and forecast, by country
8.5.7.Latin America

8.5.7.1.1.Latin America Market size and forecast, by product type
8.5.7.1.2.Latin America Market size and forecast, by type
8.5.7.1.3.Latin America Market size and forecast, by power range
8.5.7.1.4.Latin America Market size and forecast, by end user

8.5.7.2.Middle East

8.5.7.2.1.Middle East Market size and forecast, by product type
8.5.7.2.2.Middle East Market size and forecast, by type
8.5.7.2.3.Middle East Market size and forecast, by power range
8.5.7.2.4.Middle East Market size and forecast, by end user

8.5.7.3.Africa

8.5.7.3.1.Africa Market size and forecast, by product type
8.5.7.3.2.Africa Market size and forecast, by type
8.5.7.3.3.Africa Market size and forecast, by power range
8.5.7.3.4.Africa Market size and forecast, by end user

CHAPTER 9: COMPANY PROFILES

9.1.Carrier Global Corporation

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.Research and development expenses
9.1.7.Business performance
9.1.8.Key strategic moves and developments

9.2.MITSUBISHI ELECTRIC CORPORATION

9.2.1.Company overview
9.2.2.Key executive
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.Research and development expenses
9.2.7.Business performance
9.2.8.Key strategic moves and developments

9.3.DAIKIN INDUSTRIES LTD

9.3.1.Company overview
9.3.2.Key executive
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.Research and development expenses
9.3.7.Business performance
9.3.8.Key strategic moves and developments

9.4.DIMPLEX THERMAL SOLUTIONS

9.4.1.Company overview
9.4.2.Key executive
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.Key strategic moves and developments

9.5.LG Electronics

9.5.1.Company overview
8.1.1.Key executive
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Research and development expenses
8.1.6.Business performance

9.6.JOHNSON CONTROLS INTERNATIONAL PLC

9.6.1.Company overview
9.6.2.Key executive
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.Research and development expenses
9.6.7.Business performance
9.6.8.Key strategic moves and developments

9.7.Polyscience Inc.

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Product portfolio
9.7.4.Key strategic moves and developments

9.8.SMARDT CHILLER GROUP INC.

9.8.1.Company overview
9.8.2.Key executive
9.8.3.Company snapshot
9.8.4.Product portfolio

9.9.THERMAX LTD.

9.9.1.Company overview
9.9.2.Key executive
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.Business performance
9.9.7.Key strategic moves and developments

9.10.TRANE Technologies Plc

9.10.1.Company overview
9.10.2.Key executive
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Research and development expenses
9.10.7.Business performance
9.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL CHILLERS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 02.CHILLERS MARKET REVENUE FOR SCREW CHILLERS, BY REGION, 2019–2028 ($MILLION)
TABLE 03.CHILLERS MARKET REVENUE FOR SCROLL CHILLERS, BY REGION, 2019–2028 ($MILLION)
TABLE 04.CHILLERS MARKET REVENUE FOR CENTRIFUGAL CHILLERS, BY REGION, 2019–2028 ($MILLION)
TABLE 05.CHILLERS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2028 ($MILLION)
TABLE 06.GLOBAL CHILLERS MARKET REVENUE, BY TYPE, 2019–2028 ($MILLION)
TABLE 07.CHILLERS MARKET REVENUE FOR AIR COOLED CHILLER, BY REGION, 2019–2028 ($MILLION)
TABLE 08.GLOBAL CHILLERS MARKET REVENUE FOR WATER COOLED CHILLER, BY REGION, 2019–2028 ($MILLION)
TABLE 09.GLOBAL CHILLERS MARKET, BY END USER, 2019–2028 (%)
TABLE 10.CHILLERS MARKET REVENUE, BY END USER, 2019–2028 ($MILLION)
TABLE 11.CHILLERS MARKET REVENUE FOR CHEMICALS AND PETROCHEMICALS, BY REGION, 2019–2028 ($MILLION)
TABLE 12.CHILLERS MARKET REVENUE FOR FOOD AND BEVERAGES, BY REGION, 2019–2028 ($MILLION)
TABLE 13.CHILLERS MARKET REVENUE FOR MEDICAL, BY REGION, 2019–2028 ($MILLION)
TABLE 14.CHILLERS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2028 ($MILLION)
TABLE 15.CHILLERS MARKET, BY REGION, 2019–2028 ($MILLION)
TABLE 16.NORTH AMERICA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 17.NORTH AMERICA CHILLERS MARKET REVENUE, BY TYPE, 2019–2028 ($MILLION)
TABLE 18.NORTH AMERICA CHILLERS MARKET REVENUE, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 19.NORTH AMERICA CHILLERS MARKET REVENUE, BY END USER, 2019–2028 ($MILLION)
TABLE 20.NORTH AMERICA CHILLERS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 21.U.S. CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 22.U.S. CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 23.U.S. CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 24.U.S. CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 25.CANADA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 26.CANADA CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 27.CANADA CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 28.CANADA CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 29.MEXICO CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 30.MEXICO CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 31.MEXICO CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 32.MEXICO CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 33.EUROPE CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 34.EUROPE CHILLERS MARKET REVENUE, BY TYPE, 2019–2028 ($MILLION)
TABLE 35.EUROPE CHILLERS MARKET REVENUE, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 36.EUROPE CHILLERS MARKET REVENUE, BY END USER, 2019–2028 ($MILLION)
TABLE 37.EUROPE CHILLERS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 38.GERMANY CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 39.GERMANY CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 40.GERMANY CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 41.GERMANY CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 42.ITALY CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 43.ITALY CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 44.ITALY CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 45.ITALY CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 46.UK CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 47.UK CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 48.UK CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 49.UK CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 50.FRANCE CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 51.FRANCE CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 52.FRANCE CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 53.FRANCE CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 54.REST OF EUROPE CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 55.REST OF EUROPE CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 56.REST OF EUROPE CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 57.REST OF EUROPE CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 58.ASIA-PACIFIC CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 59.ASIA-PACIFIC CHILLERS MARKET REVENUE, BY TYPE, 2019–2028 ($MILLION)
TABLE 60.ASIA-PACIFIC CHILLERS MARKET REVENUE, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 61.ASIA-PACIFIC CHILLERS MARKET REVENUE, BY END USER, 2019–2028 ($MILLION)
TABLE 62.ASIA-PACIFIC CHILLERS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 63.CHINA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 64.CHINA CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 65.CHINA CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 66.CHINA CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 67.JAPAN CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 68.JAPAN CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 69.JAPAN CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 70.JAPAN CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 71.INDIA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 72.INDIA CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 73.INDIA CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 74.INDIA CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 75.AUSTRALIA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 76.AUSTRALIA CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 77.AUSTRALIA CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 78.AUSTRALIA CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 79.REST OF ASIA-PACIFIC CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
TABLE 80.REST OF ASIA-PACIFIC CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 81.REST OF ASIA-PACIFIC CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 82.REST OF ASIA-PACIFIC CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 83.REST OF ASIA-PACIFIC CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 84.LAMEA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 85.LAMEA CHILLERS MARKET REVENUE, BY TYPE, 2019–2028 ($MILLION)
TABLE 86.LAMEA CHILLERS MARKET REVENUE, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 87.LAMEA CHILLERS MARKET REVENUE, BY END USER, 2019–2028 ($MILLION)
TABLE 88.LAMEA CHILLERS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 89.LATIN AMERICA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 90.LATIN AMERICA CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 91.LATIN AMERICA CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 92.LATIN AMERICA CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 93.MIDDLE EAST CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 94.MIDDLE EAST CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 95.MIDDLE EAST CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 96.MIDDLE EAST CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 97.AFRICA CHILLERS MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 98.AFRICA CHILLERS MARKET, BY TYPE, 2019–2028 ($MILLION)
TABLE 99.AFRICA CHILLERS MARKET, BY POWER RANGE, 2019–2028 ($MILLION)
TABLE 100.AFRICA CHILLERS MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 101.CARRIER: KEY EXECUTIVE
TABLE 102.CARRIER: COMPANY SNAPSHOT
TABLE 103.CARRIER: OPERATING SEGMENTS
TABLE 104.CARRIER: PRODUCT PORTFOLIO
TABLE 105.MITSUBISHI: KEY EXECUTIVE
TABLE 106.MITSUBISHI: COMPANY SNAPSHOT
TABLE 107.MITSUBISHI: OPERATING SEGMENTS
TABLE 108.MITSUBISHI: PRODUCT PORTFOLIO
TABLE 109.DAIKIN: KEY EXECUTIVE
TABLE 110.DAIKIN: COMPANY SNAPSHOT
TABLE 111.DAIKIN: OPERATING SEGMENTS
TABLE 112.DAIKIN: PRODUCT PORTFOLIO
TABLE 113.DIMPLEX THERMAL SOLUTIONS: KEY EXECUTIVE
TABLE 114.DIMPLEX THERMAL SOLUTIONS: COMPANY SNAPSHOT
TABLE 115.DIMPLEX THERMAL SOLUTIONS: PRODUCT PORTFOLIO
TABLE 116.LG ELECTRONICS: KEY EXECUTIVE
TABLE 117.LG ELECTRONICS: COMPANY SNAPSHOT
TABLE 118.LG ELECTRONICS: OPERATING SEGMENTS
TABLE 119.LG ELECTRONICS: PRODUCT PORTFOLIO
TABLE 120.JOHNSON: KEY EXECUTIVE
TABLE 121.JOHNSON: COMPANY SNAPSHOT
TABLE 122.JOHNSON: OPERATING SEGMENTS
TABLE 123.JOHNSON: PRODUCT PORTFOLIO
TABLE 124.POLYSCIENCE INC.: COMPANY SNAPSHOT
TABLE 125.POLYSCIENCE INC: PRODUCT PORTFOLIO
TABLE 126.SMARDT CHILLER GROUP INC: KEY EXECUTIVE
TABLE 127.SMARDT CHILLER GROUP INC.: COMPANY SNAPSHOT
TABLE 128.SMARDT CHILLER GROUP INC: PRODUCT PORTFOLIO
TABLE 129.THERMAX LTD: KEY EXECUTIVE
TABLE 130.THERMAX LTD.: COMPANY SNAPSHOT
TABLE 131.THERMAX LTD.: OPERATING SEGMENTS
TABLE 132.THERMAX LTD: PRODUCT PORTFOLIO
TABLE 133.TRANE: KEY EXECUTIVE
TABLE 134.TRANE: COMPANY SNAPSHOT
TABLE 135.TRANE: OPERATING SEGMENTS
TABLE 136.TRANE: SERVICE PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.KEY PLAYERS
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.TOP WINNING STRATEGIES, BY YEAR, 2017-2020
FIGURE 06.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020 (%)
FIGURE 07.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020
FIGURE 08.MARKET PLAYER POSITIONING, 2020
FIGURE 09.MODERATE TO HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE TO HIGH BARGAINING POWER OF BUYERS
FIGURE 11.LOW TO MODERATE THREAT OF SUBSTITUTES
FIGURE 12.MODERATE- HIGH THREAT OF NEW ENTRANTS
FIGURE 13.MODERATE-TO- HIGH COMPETITIVE RIVALRY
FIGURE 14.MARKET DYNAMICS
FIGURE 15.GLOBAL CHILLERSS MARKET, BY PRODUCT TYPE, 2019–2028 (%)
FIGURE 16.GLOBAL CHILLERS MARKET, FOR SCREW CHILLERS, BY COUNTRY, 2019–2028 (%)
FIGURE 17.GLOBAL CHILLERS MARKET, FOR SCREW CHILLERS, BY COUNTRY, 2019–2028 (%)
FIGURE 18.GLOBAL CHILLERS MARKET, FOR CENTRIFUGAL CHILLERS, BY COUNTRY, 2019–2028 (%)

FIGURE 19.GLOBAL CHILLERS MARKET, FOR OTHERS, BY COUNTRY, 2019–2028 (%)
FIGURE 20.GLOBAL CHILLERS MARKET, BY TYPE, 2019–2028 (%)
FIGURE 21.GLOBAL CHILLERS MARKET, FOR AIR COOLED CHILLER, BY COUNTRY, 2019–2028 (%)
FIGURE 22.GLOBAL CHILLERS MARKET, FOR WATER COOLED CHILLER, BY COUNTRY, 2019–2028 (%)
FIGURE 23.GLOBAL CHILLERS MARKET, BY POWER RANGE, 2019–2028 (%)
FIGURE 24.GLOBAL CHILLERS MARKET REVENUE, BY POWER RANGE, 2019–2028 ($MILLION)
FIGURE 25.CHILLERS MARKET REVENUE FOR LESS THAN 50 KW, BY REGION, 2019–2028 ($MILLION)
FIGURE 26.GLOBAL CHILLERS MARKET REVENUE FOR LESS THAN 50 KW, BY COUNTRY, 2019–2028 (%)
FIGURE 27.CHILLERS MARKET REVENUE FOR 50-200 KW, BY REGION, 2019–2028 ($MILLION)
FIGURE 28.GLOBAL MODUALR CHIILLER MARKET REVENUE FOR 50-200 KW, BY COUNTRY, 2019–2028 (%)
FIGURE 29.CHILLERS MARKET REVENUE FOR MORE THAN 200 KW, BY REGION, 2019–2028 ($MILLION)
FIGURE 30.GLOBAL MODUALR CHIILLER MARKET REVENUE MORE THAN 200 KW, BY COUNTRY, 2019–2028 (%)
FIGURE 31.GLOBAL CHILLERS MARKET, FOR CHEMICALS AND PETROCHEMICALS, BY COUNTRY, 2019–2028 (%)
FIGURE 32.GLOBAL CHILLERS MARKET, FOR FOOD AND BEVERAGES, BY COUNTRY, 2019–2028 (%)
FIGURE 33.GLOBAL CHILLERS MARKET, FOR MEDICAL, BY COUNTRY, 2019–2028 (%)
FIGURE 34.GLOBAL CHILLERS MARKET, FOR OTHERS, BY COUNTRY, 2019–2028 (%)
FIGURE 35.CHILLERS MARKET, BY REGION, 2019–2028 (%)
FIGURE 36.U.S. CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 37.CANADA CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 38.MEXICO CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 39.GERMANY CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 40.ITALY CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 41.UK CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 42.FRANCE CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 43.REST OF EUROPE CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 44.CHINA CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 45.JAPAN CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 46.INDIA CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 47.AUSTRALIA CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 48.LATIN AMERICA CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 49.MIDDLE EAST CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 50.AFRICA CHILLERS MARKET REVENUE, 2019–2028 ($MILLION)
FIGURE 51.CARRIER: R & D EXPENSES, 2018–2020 ($MILLION)
FIGURE 52.CARRIER: REVENUE, 2018–2020 ($MILLION)
FIGURE 53.CARRIER: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54.CARRIER: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 55.MITSUBISHI: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 56.MITSUBISHI: REVENUE, 2018–2020($MILLION)
FIGURE 57.MITSUBISHI: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 58.MITSUBISHI: REVENUE SHARE BY REGION, 2020(%)
FIGURE 59.DAIKIN: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 60.DAIKIN: REVENUE, 2018–2020($MILLION)
FIGURE 61.DAIKIN: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 62.DAIKIN: REVENUE SHARE BY REGION, 2020(%)
FIGURE 63.LG ELECTRONICS: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020 ($MILLION)
FIGURE 64.LG ELECTRONICS: REVENUE, 2018–2020 ($MILLION)
FIGURE 65.LG ELECTRONICS: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 66.LG ELECTRONICS: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 67.JOHNSON: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020 ($MILLION)
FIGURE 68.JOHNSON: REVENUE, 2018–2020 ($MILLION)
FIGURE 69.JOHNSON: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 70.JOHNSON: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 71.THERMAX LTD: REVENUE, 2018–2020 ($MILLION)
FIGURE 72.THERMAX LTD: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 73.THERMAX LTD: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 74.TRANE: R & D EXPENSES, 2018–2020 ($MILLION)
FIGURE 75.TRANE: REVENUE, 2018–2020($MILLION)
FIGURE 76.TRANE: REVENUE SHARE BY SEGMENT, 2020 (%)

 
 

The global chiller market is experiencing significant growth, owing to an increase in the development in countries such as India, U.S., UK, and others. Chiller is the heart of any HVAC system and is installed in commercial, and industrial buildings to control temperature and cool the atmosphere. It uses refrigerant gas to move the unwanted heat between the condenser and the evaporator. 

Increase in spending on residential and commercial construction sector owing to meet indoor air quality drives the growth of the global chiller market. In addition, there has been a rise in awareness about installing heating, air conditioning, and ventilation (HVAC) systems, owing to increase in greenhouse gas emission and rise in global warming, which in turn caters to the growth of the global chillers market. For instance, Germany government aimed to reduce the greenhouse gas emission by at least 55% by 2030 as compared to 2019 emission level. Moreover, surge in demand for energy efficient, compact, and lightweight HVAC systems in commercial and industrial sectors is anticipated to drive the growth of the global chiller market. Furthermore, rise in tourism, which in turn, surges the demand for chillers in industry verticals such as food & beverage, packaging, and others, drives the growth of the market. For instance, the tourism industry in the U.S. experienced growth by 1.9% from 2017 to 2018.

However, high initial capital investment and fluctuation in raw material prices are anticipated to hamper the growth of the global chillers market. Conversely, rise in environment concerns, coupled with stringent government regulations toward energy-efficiency requirement regulations is anticipated to provide lucrative opportunities for the growth of the global chillers market.

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A. The Global chillers market size was $10,049.4 million in 2019 and is projected to reach $12,670.0 million in 2028, growing at a CAGR of 3.7% from 2021 to 2028.

A. The forecast period considered for the global chillers market is 2021 to 2028, wherein, 2020 is the base year, 2021 is the estimated year, and 2028 is the forecast year.

A. The base year considered in the global chillers market is 2020.

A. The report for Global chillers market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

A. On the basis of type, the water-cooled chiller segment is expected to be the most influencing segment growing in the global chillers market report.

A. Based on product type, the screw chiller segment generated the highest revenue, accounting for nearly half of the market share, and is projected to grow at a CAGR of 3.5% during the forecast period.

A. The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

A. The key trending market based on the power range in the global chillers market, is the more than 200 kW segment.

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