Chillers Market Trends and Opportunities 2022-2032

 Global sales of chillers are projected to grow at a compound annual growth rate (CAGR) of 2.8% from 2022 to 2032. The global chillers market, valued at $4.2 billion in 2022, is expected to reach $5.5 billion by 2032.

A growing number of consumers are opting for screw compressors that use eco-friendly refrigerants. These screw chillers are favored for their user-friendly and low-maintenance systems, operating

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=554

Regional Chillers Market Analysis

North America holds a 26.7% share of the global chillers market. Chillers are significant energy consumers in many facilities, accounting for nearly 20% of power usage in the region, according to the U.S. Department of Energy (DOE).

Market growth in North America is fueled by rising investments from key players in manufacturing facilities and product development. The rapid expansion of the commercial and residential construction industries, along with the increasing demand for industrial cooling systems and power cooler units, is driving the market forward in this region.

Category-wise Analysis

The chillers market is segmented by end users into rubber, food & beverages, plastic, medical & pharmaceuticals, chemicals & petrochemicals, and others. Chillers are extensively used in plastic manufacturing, where they play a crucial role in rapidly cooling hot plastic that is injected, extruded, stamped, or blown.

This aligns with the recent growth in the plastic industry, particularly as plastic gains significant traction in the FMCG sector. Manufacturers are focusing on industry-specific chiller characteristics, such as precise temperature regulation for temperature-sensitive operations within the plastic industry. The increasing use of chillers in the expanding plastic sector has significantly boosted chiller sales, contributing to the global market growth.

Read More: https://www.factmr.com/report/554/chillers-market

Competitive Landscape

Chiller manufacturers adhere to various energy-efficiency standards set by regulatory bodies. To meet the growing demand, market players are focusing on obtaining certifications and expanding their production capacities.

The widespread use of chillers across multiple end-use applications, combined with technological advancements, has spurred the development of IoT-based chillers. For example, Pro Chiller Systems has introduced new IoT-powered chillers that offer data visualizations through a customized dashboard. These IoT-powered chillers enable efficient monitoring and control for various industrial applications, making them a significant innovation in the chillers industry.

Key Companies Profiled

  • Daikin Industries
  • Johnson Controls
  • Trane Inc.
  • Carrier Corporation
  • Thermax Limited
  • GEA Group
  • Broad Group
  • Dunham Group
  • Smartd Chiller Group Inc.
  • Thermal Care Inc.
  • SKM Air Conditioning

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=554

Key Segments Covered in Chillers Industry Research

  • By Compressor Type :
    • Screw Chillers
    • Centrifugal Chillers
    • Scroll Chillers
    • Reciprocating Chillers
    • Absorption Chillers
  • By Capacity :
    • <100 kW 
    • 100 kW to 350 kW 
    • 350 kW to 700 kW 
    • >700 kW 
  • By Heat Rejection Method :
    • Air-cooled Chillers
    • Water-cooled Chillers
    • Absorption Chillers
  • By Refrigerant Type :
    • R22 
    • R407C 
    • R134A 
    • R410A 
    • Others
  • By End User :
    • Rubber
    • Food & Beverages
    • Plastic
    • Medical & Pharmaceuticals
    • Chemicals & Petrochemicals
    • Others
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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