Chiller Market Size, Share, Global Industry Overview, Trends, Latest Insights and Forecast 2023-2028
The report has segmented the chiller market on the basis of type, product type, power range, end-use industry and region.
ST. BROOKLYN, NY, USA, April 10, 2023 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled โ๐๐ก๐ข๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐โ, The global chiller market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.0% during 2023-2028.
A chiller is a type of refrigeration system that is used to cool large buildings or industrial facilities. It works by removing heat from a liquid and transferring it to the air, generally through a series of coils. Chillers can be powered by electricity, natural gas, or steam, and they come in a variety of sizes and configurations to meet different cooling needs. They are often used in commercial buildings, data centers, hospitals, and other large facilities to maintain a comfortable temperature for occupants and prevent equipment from overheating. Chillers can be an energy-efficient way to cool large spaces, and they are an important component of modern building infrastructure.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ณ๐ฟ๐ฒ๐ฒ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฏ๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/chiller-market/requestsample
Chiller Market Growth and Development:
The increasing demand for air conditioning and refrigeration in commercial and industrial sectors represents a significant factor driving the market growth across the globe. This is primarily attributed to the increasing need for temperature control in various industries, such as food and beverage, pharmaceutical, and chemicals. Moreover, the increasing trend of smart homes and building automation systems is also facilitating the demand for energy-efficient and smart chillers. In addition to this, the rising concerns about energy efficiency and environmental sustainability are contributing to the growth of the market. In line with this, several government and private organizations are implementing regulations and policies to reduce energy consumption and carbon emissions, which has led to the development of more energy-efficient and eco-friendly chiller systems, thus driving the market growth. Apart from this, advancements in technology, such as the integration of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), have enabled the development of more advanced and efficient chiller systems, which is creating a positive outlook for the market.
Chiller Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the chiller market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
โข Carrier Global Corporation
โข Daikin Industries Ltd.
โข Friulair S.r.l.
โข General Air Products
โข HYDAC International GmbH
โข Johnson Controls International PLC
โข KKT Chillers Inc.
โข LG Electronics Inc.
โข Mitsubishi Electric Corporation
โข PolyScience Inc.
โข Trane Technologies plc
Key Market Segmentation:
The report has segmented the chiller market on the basis of type, product type, power range, end-use industry and region.
Breakup by Type:
โข Screw
โข Scroll
โข Centrifugal
โข Others
Breakup by Product Type:
โข Air Cooled
โข Water Cooled
Breakup by Power Range:
โข Less than 50 kW
โข 50-200 kW
โข More than 200 kW
Breakup by End Use Industry:
โข Food and Beverage
โข Plastic and Rubber
โข Chemicals and Petrochemicals
โข Pharmaceuticals
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โข Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
๐๐๐ญ ๐ข๐ง ๐๐จ๐ฎ๐๐ก ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ญ ๐๐๐๐ฆ ๐๐จ๐ซ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐จ๐ซ ๐๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง: https://www.imarcgroup.com/request?type=report&id=7123&flag=C
๐๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ง ๐ฌ๐๐ซ๐ฏ๐ ๐๐ฌ ๐๐ง ๐๐ฑ๐๐๐ฅ๐ฅ๐๐ง๐ญ ๐ ๐ฎ๐ข๐๐ ๐๐จ๐ซ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ, ๐ซ๐๐ฌ๐๐๐ซ๐๐ก๐๐ซ๐ฌ, ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐๐ง๐ญ๐ฌ, ๐ฆ๐๐ซ๐ค๐๐ญ๐ข๐ง๐ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ฌ๐ญ๐ฌ ๐๐ง๐ ๐๐ฅ๐ฅ ๐ญ๐ก๐จ๐ฌ๐ ๐ฐ๐ก๐จ ๐๐ซ๐ ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ ๐ญ๐จ ๐๐จ๐ซ๐๐ฒ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ง๐ฒ ๐๐จ๐ซ๐ฆ.
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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