Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, Reciprocating), End-use industry (Plastic, Chemical & Petrochemical, Rubber, Food & Beverage, Medical & Pharmaceutical), and Region - Global Forecast to 2026
Updated on : October 25, 2024
Chillers Market
The global chillers market was valued at USD 4.1 billion in 2021 and is projected to reach USD 4.8 billion by 2026, growing at 3.0% cagr from 2021 to 2026. The market is driven by recovery of various end-use industries during the forecast period. APAC is dominating region for chiller consumption in the countries like China, India, and other Southeast Asia.
The market for chillers is predicted to develop as a result of rising demand from various end-use industries. The industrial sector is also increasing its demand, which is being fueled by lower energy usage and higher energy efficiency. Additionally, the industrialization of developing economies is being fueled by changing industrial government policies. When operators plan infrastructure expansion, chillers also provide better expandability. By adding parallel modules to the already established chiller system, the capacity can be enhanced. The market demand for chillers has grown as a result of their general benefits.
With a market share of more than 40.0% in 2020, the scroll segment dominated the chillers market. Scroll chillers cool with water and heat transfer fluids, making them more efficient than other types of chillers that cool with ambient air. This has increased its demand in the commercial and industrial sectors for space and process cooling.
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COVID-19 impact on the global chillers market
In 2020, the chillers market experienced slow market growth in terms of both value and volume, compared to 2019, due to COVID-19 pandemic. The supply chain disruption and decline in end-use industries impacted the chillers market in 2020, amid pandemic. The end-use industries such as chemicals & petrochemicals, printing, laser cutting showed reduction in production for first three quarters of 2020 compared to similar period in 2019. The decline in demand from end-use industries further impacted the chillers production.
Chillers Market Dynamics
Driver: Growing demand for process cooling in industrial applications
The rise in per capita income has improved the standard of living worldwide, resulting in growing demand for comfort and leisure products such as refrigerators and air conditioners. The growing food and healthcare industries is another driving force for the cooling equipment market. Factors such as increasing population and rising consumption of frozen food significantly contribute to the growth of the refrigeration equipment market. This consequently increases the demand for refrigeration, which, in turn, is boosting the chillers market.
In the food & beverage industry, process cooling is extensively used for pasteurization and food baking processes, which generate high amount of heat. Chillers are used in these processes to maintain temperature of the equipment and protect them from overheating. In the medical & pharmaceutical industry, chillers are used to cool down the temperature of X-Ray machines, CAT scan, and laser treatment process that requires process cooling. All these factors positively influence the growth of the chillers market.
Restraints: High setup cost of industrial chillers
Industrial chillers are quite costlier than traditional chiller systems. Ideally, to determine the operating cost of industrial chillers system, building operators must consider initial setup cost, operating cost, and energy savings. The initial setup cost of industrial chillers is 20–30% higher than commercial chillers for similar capacity installation. Also, operating cost is not considered by operators when installing chiller systems, which leads them to buy cheaper HVAC systems. This is the major reason that small-scale industries choose cost-effective solutions and low initial setup costs. Also, long-term benefits of industrial chillers are not appropriately conveyed to industries, hampering the demand for chillers, and restraining the market growth.
Opportunity: Emerging demand or absorption chiller
The demand for absorption chillers is continuously increasing owing to the increasing use of eco-friendly cooling equipment in various end-use industries, such as chemicals & petrochemicals, plastics, rubber, and medical & pharmaceutical. Governments are focusing on energy conservation and protection of environment from emission of various gases during the cooling process. In view of this, absorption chillers are increasingly being used as they emit very less amount of CO2 and other hazardous gases. Properties of absorption chillers, such as energy efficiency and high level of cooling with minimum environment impact, are driving the demand for chillers.
Challenges: Regulations penetrating to fluorinated greenhouse gases
Regulations set for fluorinated gases (F-gases) are some of the major challenges faced in the chillers market, which affects the use of chillers as evaporators and condensers. In 2015, the European Union (EU) suggested some important changes in the F-gas regulations for controlling emissions of Hydrofluorocarbons (HFCs). According to these changes, the EU has adopted two legislative acts, namely, the MAC Directive on air conditioning systems used in small motor vehicles and the F-gas regulation, which covers all other key applications in which these gases are used. The use of HFC is banned in some applications. HFC refrigerants are allowed only if the concerned systems satisfy the Ecodesign criteria. Similar changes are being implemented in the US (Significant New Alternative Policy) and China. Such stringent regulations set for controlling the emission of F-gases act as a major challenge for the growth of the chillers market.
Chillers Market Ecosystem
Active energy: the fastest-growing application for chillers.
Chillers are the most commonly used system in many industrial and power plants generating energy using renewable resources, as well as the average home air conditioner and refrigerator. The cold fluid is used to cool power plant components and processes, absorbing heat from them, and the warm fluid returns to the chiller to begin the process all over again. Power stations are conducting power plant training so that plant operators understand the working process of chillers. This provides multiple benefits to the power plant, including both an increased ability to detect equipment issues and prevention of malfunctions, which could result in the release of refrigerant, which can, in turn, expose the company to substantial fines by the EPA.
APAC is estimated to be the fastest-growing market for chillers.
APAC accounted for the largest share in terms of volume and value of the chillers market in 2020, followed by North America and Europe. The use of chillers is expected to witness the highest growth in the APAC region during the forecast period. The market in this region is driven by the recovery of the various end-use industries in China, India, and Southeast Asian countries. Global chillers manufacturers are investing in APAC countries in establish their production plants to enhance their market presence in the region. India is the significant market for manufacturing process and one of the largest consumer of chillers in the world. The focus of Indian government towards make in india project will drive the construction industry in India which will further enhance the demand of chillers during the forecast period in the country.
APAC: SNAPSHOT
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Chillers Market Players
The leading players in the chillers market are Daikin Industries (Japan), Carrier Corporation (US), Trane Technology (Ireland), Johnson Controls- Hitachi Air Conditioning (Japan), Mitsubishi Electric Corporation (Japan), Smardt Chiller Group Inc. (Canada), KKT Chillers (Germany), MTA S.P.A (Italy), Friulair S.R.L (Italy), HYDAC International (Germany), and Reynold India Pvt. Ltd (India).
Chillers Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2021 |
USD 4.1 billion |
|
Revenue Forecast in 2026 |
USD 4.8 billion |
|
CAGR |
3.0% |
|
Years Considered |
2019–2026 |
|
Base year |
2020 |
|
Forecast period |
2021–2026 |
|
Unit considered |
Value (USD Million), Volume (Units) |
|
Segments |
Type, Capacity, End-use Industry, and Region |
|
Regions |
APAC, North America, Europe, Middle East & Africa and South America |
|
Companies |
The major players are Daikin Industries (Japan), Carrier Corporation (US), Trane Technology (Ireland), Johnson Controls- Hitachi Air Conditioning (Japan), Mitsubishi Electric Corporation (Japan), Smardt Chiller Group Inc. (Canada), KKT Chillers (Germany), MTA S.P.A (Italy), Friulair S.R.L (Italy), HYDAC International (Germany), Reynold India Pvt. Ltd (India), and other 15 players are covered in chillers market. |
This research report categorizes the global chillers market on the basis of type, capacity, end-use industry, and region.
Chillers Market on the basis of type:
- Scroll
- Screw
- Centrifugal
- Reciprocating
- Absorption
Chillers Market on the basis of capacity:
- >17.5 kW
- 17.6-50 kW
- 51-100 kW
- 101-200 kW
- 201-350 kW
- 351-500 kW
- 501-700 kW
- 701-900 kW
- 901- 1200KW
- 1201-1500 kW
- 1501-2000 kW
- 2001-2500 kW
- >2501 kW
Chillers Market on the basis of end-use industry:
- Plastics
- Food & beverage
- Medical & Pharmaceuticals
- Chemicals & petrochemicals
- Rubber
- Printing
- Laser cutting
- Alternative energy
- Others
Chillers Market on the basis of region:
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- South America
The market has been further analyzed for the key countries in each of these regions.
Recent Developments
- In January 2021, Daikin acquired ABCO HVACR Supply + Solutions "ABCO." This strategy provides a winning platform for Daikin's wide range of equipment, parts, and accessories. In addition to this, it strengthens Daikin's opportunity for collaboration in the local territories among ABCO branches, Daikin group companies, and Daikin's entire regional customer base.
- In June 2021, Carrier Corporation acquired china-based HVAC manufacturer Guangdong Giwee Group (Giwee Group) and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. The acquisition aims to expand Carrier Corporation's access to the rapidly growing variable refrigerant flow (VRF) and light commercial market, which is expected to reach approximately USD 20 billion by 2025
Frequently Asked Questions (FAQ):
How does a chiller work??
A pumping system circulates cool water or a water/glycol solution from the chiller to the process in most process cooling applications. This cool fluid extracts heat from the process, while the warm fluid returns to the chiller.
How big is the Chillers Market?
Chillers Market worth $4.8 billion by 2026.
What is the growth rate of Chillers Market?
Chillers Market grows at a CAGR of 3.0% during the forecast period.
What is the major driver influencing the growth of the chillers market?
The major driver influencing the growth of chillers is the growing demand for space and process cooling in industrial applications.
How is the chillers market segmented in by type?
The chillers market by type is segmented into scroll, screw, centrifugal, reciprocating, and absorption
How is the chillers market segmented in by end-use industry?
The chillers market by end-use industry is segmented in food & beverage, plastics, chemicals & petrochemicals, medical & pharmaceuticals, rubber, laser cutting, printing, alternative energy, and others.
What are the major challenges in chillers market?
The major challenge of chillers market is the price volatility coupled with the regulations penetrating to the fluorinated greenhouse gases.
What are the major opportunities in chillers market?
Emerging demand for absorption chillers and rising global temperature & heat island are opportunities in chillers market.
Which region has the largest demand
APAC has the largest demand for chillers owing to growing end-use industries present in China, India, South Korea, and other Southeast Asian countries.
Who are the major manufacturers of chillers?
The major manufacturers of chillers are Daikin Industries (Japan), Carrier Corporation (US), Trane Technology (Ireland), Johnson Controls- Hitachi Air Conditioning (Japan), Mitsubishi Electric Corporation (Japan), Smardt Chiller Group Inc. (Canada), KKT Chillers (Germany), MTA S.P.A (Italy), Friulair S.R.L (Italy), HYDAC International (Germany), and Reynold India Pvt. Ltd (India). .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
FIGURE 1 CHILLERS MARKET SEGMENTATION
1.2.1 REGIONS COVERED
1.2.2 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
1.4 UNIT CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 2 CHILLERS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.1.3 PRIMARIES
2.1.3.1 Chiller Companies
2.1.3.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 CHILLERS MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
2.2.1.1 Approach for arriving at the market size using top-down analysis
FIGURE 4 TOP-DOWN APPROACH
2.2.2 BOTTOM-UP APPROACH
2.2.2.1 Approach for arriving at the market size using bottom-up analysis
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (DEMAND SIDE)
FIGURE 7 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (SUPPLY SIDE)
2.3 DATA TRIANGULATION
FIGURE 8 CHILLERS MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 41)
FIGURE 9 SCROLL SEGMENT TO LEAD THE MARKET BY 2026
FIGURE 10 LESS THAN 50 KW CAPACITY TO BE THE LARGEST SEGMENT OF CHILLERS MARKET DURING THE FORECAST PERIOD
FIGURE 11 FOOD & BEVERAGE SECTOR TO REGISTER THE HIGHEST CAGR
FIGURE 12 APAC TO LEAD THE CHILLERS MARKET BETWEEN 2021 AND 2026
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 EMERGING ECONOMIES TO WITNESS A RELATIVELY HIGHER DEMAND FOR CHILLERS
FIGURE 13 EMERGING ECONOMIES TO OFFER ATTRACTIVE OPPORTUNITIES IN THE CHILLERS MARKET DURING THE FORECAST PERIOD
4.2 APAC: CHILLERS MARKET, BY END-USE INDUSTRY AND COUNTRY
FIGURE 14 CHINA WAS THE LARGEST MARKET FOR CHILLERS IN APAC IN 2020
4.3 CHILLERS MARKET, BY TYPE
FIGURE 15 SCROLL TYPE OF CHILLER SEGMENT TO LEAD THE CHILLERS MARKET DURING THE FORECAST PERIOD
4.4 CHILLERS MARKET, BY CAPACITY
FIGURE 16 LESS THAN 51-350 KW CAPACITY OF CHILLER TO WITNESS THE HIGHEST DEMAND IN THE GLOBAL CHILLERS MARKET
4.5 CHILLERS MARKET, BY END-USE INDUSTRY
FIGURE 17 COMMERCIAL TO BE THE LARGEST END-USE INDUSTRY FOR THE GLOBAL CHILLERS MARKET BY 2026
4.6 CHILLERS MARKET, BY COUNTRY
FIGURE 18 THE CHILLERS MARKET IN INDIA TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
5 MARKET OVERVIEW (Page No. - 48)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE CHILLERS MARKET
5.2.1 DRIVERS
5.2.1.1 Growing demand for process cooling in industrial applications
5.2.1.2 Space cooling is a key factor for growth in demand for chillers
5.2.1.3 Rising demand for chillers from developing markets of APAC
5.2.1.4 Growing usage of chillers in solar cooling applications
5.2.1.5 Growing demand for modular chillers
5.2.1.6 Significant growth in the number of data centers and their power density
TABLE 1 COUNTRY MAPPING OF DATA CENTERS
5.2.1.7 Demand for chillers from the aviation and infrastructure industries
5.2.2 RESTRAINTS
5.2.2.1 Slow growth of the chillers market in Europe and North America
5.2.2.2 High setup cost of industrial chillers
5.2.3 OPPORTUNITIES
5.2.3.1 Emerging demand for absorption chillers
5.2.3.2 Growing industrial applications
5.2.3.3 Rising global temperatures and heat islands
5.2.3.4 Emerging opportunities for manufacturers to produce eco-friendly chillers
5.2.4 CHALLENGES
5.2.4.1 Regulations pertaining to fluorinated greenhouse gases
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS: CHILLERS MARKET
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 VALUE CHAIN ANALYSIS
FIGURE 21 CHILLERS MARKET: VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM MAPPING
5.6 TECHNOLOGY ANALYSIS
5.6.1 OIL-FREE MAGNETIC-BEARING TECHNOLOGY TO REDUCE ENERGY CONSUMPTION IN CHILLERS
5.6.2 ENERGY MONITORING SYSTEM (EMOS) IN CHILLER SYSTEMS
5.6.3 INTERNET OF THINGS (IOT), BIG DATA ANALYTICS, AND ARTIFICIAL INTELLIGENCE (AI) FOR ADVANCE CHILLER MANAGEMENT SYSTEM
5.7 TRADE ANALYSIS
5.7.1 IMPORT-EXPORT SCENARIO OF CHILLERS MARKET
TABLE 2 IMPORT TRADE DATA FOR REFRIGERATORS, FREEZERS, AND CHILLERS FOR SELECTED COUNTRIES, 2019 VS. 2020 (USD MILLION)
TABLE 3 EXPORT TRADE DATA FOR REFRIGERATORS, FREEZERS, AND CHILLERS FOR SELECTED COUNTRIES, 2019 VS. 2020
5.8 PRICING ANALYSIS
TABLE 4 GLOBAL AVERAGE PRICES OF CHILLERS, BY CAPACITY (USD/UNIT)
5.9 TARIFF POLICIES & REGULATIONS
5.9.1 NORTH AMERICA
5.9.2 EUROPE
5.9.3 APAC
5.9.4 THE KIGALI AMENDMENT TO THE MONTREAL PROTOCOL
5.10 COVID-19 IMPACT ON HVAC & CHILLERS MARKET
5.11 CHILLERS PATENT ANALYSIS
5.11.1 INTRODUCTION
5.11.2 METHODOLOGY
5.11.2.1 Document Type
FIGURE 22 PUBLICATION TRENDS - LAST 10 YEARS
5.11.3 INSIGHT
5.11.4 LEGAL STATUS OF THE PATENTS
5.11.5 JURISDICTION ANALYSIS
5.11.6 TOP COMPANIES/APPLICANTS
5.11.7 LIST OF PATENTS BY MITSUBISHI HEAVY IND LTD.
5.11.8 LIST OF PATENTS
6 CHILLERS CHILLING MEDIUM (Page No. - 74)
6.1 FLUOROCARBON
6.1.1 CHLOROFLUOROCARBON
6.1.2 HYDROFLUOROCARBON
6.2 INORGANIC COMPOUNDS
6.3 AMMONIA
6.4 FREON
7 CHILLERS MARKET, BY CAPACITY RANGE (Page No. - 75)
7.1 INTRODUCTION
FIGURE 23 CHILLERS MARKET, BY CAPACITY RANGE
TABLE 5 MARKET SIZE, BY CAPACITY RANGE, 2019–2026 (USD MILLION)
TABLE 6 MARKET SIZE, BY CAPACITY RANGE, 2019–2026 (UNITS)
8 CHILLERS MARKET, BY TYPE (Page No. - 77)
8.1 INTRODUCTION
FIGURE 24 CHILLERS MARKET, BY TYPE
FIGURE 25 SCROLL CHILLERS ACCOUNT FOR THE LARGEST MARKET SIZE
TABLE 7 MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 8 MARKET SIZE, BY TYPE, 2019–2026 (UNITS)
8.2 SCROLL CHILLERS
8.2.1 WATER-COOLED SCROLL CHILLERS
8.2.2 AIR-COOLED SCROLL CHILLERS
8.3 SCREW CHILLERS
8.3.1 WATER-COOLED SCREW CHILLERS
8.3.2 AIR-COOLED SCREW CHILLERS
8.4 CENTRIFUGAL CHILLERS
8.4.1 CENTRIFUGAL WATER-COOLED CHILLERS
8.4.2 CENTRIFUGAL AIR-COOLED CHILLERS
8.5 RECIPROCATING CHILLERS
8.5.1 WATER-COOLED RECIPROCATING CHILLERS
8.5.2 AIR-COOLED RECIPROCATING CHILLERS
8.6 ABSORPTION CHILLERS
8.6.1 STEAM ABSORPTION CHILLERS
8.6.2 HOT WATER ABSORPTION CHILLERS
8.6.3 DIRECT FIRED ABSORPTION CHILLERS
9 CHILLERS MARKET, BY END-USE INDUSTRY (Page No. - 83)
9.1 INTRODUCTION
FIGURE 26 FOOD & BEVERAGE TO BE THE FASTEST-GROWING END-USE INDUSTRY IN THE CHILLERS MARKET
TABLE 9 MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 10 MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
9.2 COMMERCIAL
9.3 PLASTICS
9.4 FOOD & BEVERAGE
9.5 CHEMICALS & PETROCHEMICALS
9.6 RUBBER
9.7 MEDICAL & PHARMACEUTICAL
9.8 PRINTING
9.9 LASER CUTTING
9.10 ALTERNATIVE ENERGY
9.11 OTHERS
10 CHILLERS MARKET, BY REGION (Page No. - 89)
10.1 INTRODUCTION
TABLE 11 CHILLERS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 12 MARKET SIZE, BY REGION, 2019–2026 (UNITS)
10.2 NORTH AMERICA
TABLE 13 NORTH AMERICA: CHILLERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 14 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2026 (UNITS)
TABLE 15 NORTH AMERICA: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 16 NORTH AMERICA: MARKET SIZE, BY TYPE, 2019–2026 (UNITS)
TABLE 17 NORTH AMERICA: MARKET SIZE, BY CAPACITY, 2019–2026 (USD MILLION)
TABLE 18 NORTH AMERICA: MARKET SIZE, BY CAPACITY, 2019–2026 (UNITS)
TABLE 19 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 20 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.2.1 US
10.2.1.1 The US to dominate the chillers market during the forecast period
TABLE 21 US: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 22 US: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 23 US: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.2.2 CANADA
10.2.2.1 Diversified downstream sector boosting the market
TABLE 24 CANADA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 25 CANADA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 26 CANADA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.2.3 MEXICO
10.2.3.1 Government initiatives to favor market growth
TABLE 27 MEXICO: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 28 MEXICO: CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 29 MEXICO: CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.3 APAC
FIGURE 27 APAC: CHILLERS MARKET SNAPSHOT
TABLE 30 APAC: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 31 APAC: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 32 APAC: MARKET SIZE, BY TYPE, 2019–2026 (UNITS)
TABLE 33 APAC: MARKET SIZE, BY CAPACITY, 2019–2026 (USD MILLION)
TABLE 34 APAC: MARKET SIZE, BY CAPACITY, 2019–2026 (UNITS)
TABLE 35 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 36 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.3.1 CHINA
10.3.1.1 China’s dominant position is attributed to the presence of huge manufacturing base
TABLE 37 CHINA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 38 CHINA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 39 CHINA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.3.2 JAPAN
10.3.2.1 Presence of leading chiller manufacturers to support market growth
TABLE 40 JAPAN: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 41 JAPAN: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 42 JAPAN: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.3.3 INDIA
10.3.3.1 Government initiatives and climatic factors to drive the market
TABLE 43 INDIA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 44 INDIA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 45 INDIA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.3.4 SOUTH KOREA
10.3.4.1 High temperatures and heat waves in the country increase the demand for chillers
TABLE 46 SOUTH KOREA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 47 SOUTH KOREA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 48 SOUTH KOREA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.3.5 THAILAND
10.3.5.1 Investments across end-use industries to propel the market
TABLE 49 THAILAND: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 50 THAILAND: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 51 THAILAND: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.3.6 REST OF APAC
TABLE 52 REST OF APAC: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 53 REST OF APAC: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 54 REST OF APAC: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4 EUROPE
TABLE 55 EUROPE: CHILLERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 56 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2026 (UNITS)
TABLE 57 EUROPE: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 58 EUROPE: MARKET SIZE, BY TYPE, 2019–2026 (UNITS)
TABLE 59 EUROPE: MARKET SIZE, BY CAPACITY, 2019–2026 (USD MILLION)
TABLE 60 EUROPE: MARKET SIZE, BY CAPACITY, 2019–2026 (UNITS)
TABLE 61 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 62 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.1 GERMANY
10.4.1.1 Constant innovations in chemical and petrochemical industries
TABLE 63 GERMANY: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 64 GERMANY: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 65 GERMANY: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.2 FRANCE
10.4.2.1 Investments in construction industry and transition toward clean economy to influence the industrial insulation market growth
TABLE 66 FRANCE: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 67 FRANCE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 68 FRANCE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.3 UK
10.4.3.1 Growing demand from the automotive industry to boost market growth in the UK
TABLE 69 UK: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 70 UK: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 71 UK: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.4 ITALY
10.4.4.1 Demand from automotive and manufacturing industries to favor market growth
TABLE 72 ITALY: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 73 ITALY: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 74 ITALY: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.5 RUSSIA
10.4.5.1 Industrial development to boost the demand for chillers
TABLE 75 RUSSIA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 76 RUSSIA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 77 RUSSIA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.6 SPAIN
10.4.6.1 The market is driven by the positive scenario in the residential construction sector, which includes new building permits across the country
TABLE 78 SPAIN: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 79 SPAIN: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 80 SPAIN: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.7 TURKEY
10.4.7.1 Urbanization and industrialization trends to drive the market in the country
TABLE 81 TURKEY: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 82 TURKEY: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 83 TURKEY: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.4.8 REST OF EUROPE
TABLE 84 REST OF EUROPE: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 85 REST OF EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 86 REST OF EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.5 MIDDLE EAST & AFRICA
TABLE 87 MIDDLE EAST & AFRICA: CHILLERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 88 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2019–2026 (UNITS)
TABLE 89 MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 90 MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE, 2019–2026 (UNITS)
TABLE 91 MIDDLE EAST & AFRICA: MARKET SIZE, BY CAPACITY, 2019–2026 (USD MILLION)
TABLE 92 MIDDLE EAST & AFRICA: MARKET SIZE, BY CAPACITY, 2019–2026 (UNITS)
TABLE 93 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 94 MIDDLE EAST & AFRICA: CHILLERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.5.1 SAUDI ARABIA
10.5.1.1 Saudi’s industrial sector to contribute to significant rise in demand for chillers
TABLE 95 SAUDI ARABIA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 96 SAUDI ARABIA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 97 SAUDI ARABIA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.5.2 UAE
10.5.2.1 Hot weather increases the demand for chillers in the UAE
TABLE 98 UAE: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 99 UAE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 100 UAE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.5.3 QATAR
10.5.3.1 Increasing use of chillers in industrial & commercial applications to boost the market
TABLE 101 QATAR: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 102 QATAR: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 103 QATAR: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.5.4 SOUTH AFRICA
10.5.4.1 Developments in the automotive sector to drive market growth
TABLE 104 SOUTH AFRICA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 105 SOUTH AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 106 SOUTH AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 107 REST OF MIDDLE EAST & AFRICA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 108 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 109 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.6 SOUTH AMERICA
TABLE 110 SOUTH AMERICA: CHILLERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 111 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2026 (UNITS)
TABLE 112 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 113 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2019–2026 (UNITS)
TABLE 114 SOUTH AMERICA: MARKET SIZE, BY CAPACITY, 2019–2026 (USD MILLION)
TABLE 115 SOUTH AMERICA: MARKET SIZE, BY CAPACITY, 2019–2026 (UNITS)
TABLE 116 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 117 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.6.1 BRAZIL
10.6.1.1 Growing investments across end-use industries to drive the market
TABLE 118 BRAZIL: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 119 BRAZIL: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 120 BRAZIL: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.6.2 ARGENTINA
10.6.2.1 Increasing adoption of chillers in the country to drive the market demand
TABLE 121 ARGENTINA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 122 ARGENTINA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 123 ARGENTINA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
10.6.3 REST OF SOUTH AMERICA
TABLE 124 REST OF SOUTH AMERICA: CHILLERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
TABLE 125 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 126 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (UNITS)
11 COMPETITIVE LANDSCAPE (Page No. - 149)
11.1 INTRODUCTION
FIGURE 28 NEW PRODUCT LAUNCH IS A KEY STRATEGY ADOPTED BY MARKET PLAYERS BETWEEN 2017 AND 2021
11.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2021
FIGURE 29 RANKING ANALYSIS OF TOP FIVE PLAYERS IN CHILLERS MARKET, 2020
11.3 COMPANY PRODUCT FOOTPRINT
TABLE 127 COMPANY PRODUCT TYPE FOOTPRINT
TABLE 128 COMPANY END-USE INDUSTRY FOOTPRINT
TABLE 129 COMPANY REGION FOOTPRINT
11.4 MARKET SHARE ANALYSIS
FIGURE 30 MARKET SHARE OF KEY PLAYERS, 2020
TABLE 130 STRATEGIC POSITIONING OF KEY PLAYERS
11.5 COMPANY EVALUATION MATRIX
11.5.1 STAR
11.5.2 PERVASIVE
11.5.3 PARTICIPANTS
11.5.4 EMERGING LEADERS
FIGURE 31 CHILLERS MARKET: COMPANY EVALUATION MATRIX, 2020
11.6 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
11.6.1 RESPONSIVE COMPANIES
11.6.2 DYNAMIC COMPANIES
11.6.3 STARTING BLOCKS
11.6.4 PROGRESSIVE COMPANIES
FIGURE 32 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2020
11.7 MARKET EVALUATION FRAMEWORK
FIGURE 33 MARKET EVALUATION FRAMEWORK: MARKET EXPANSION AND CONSOLIDATION
11.8 COMPETITIVE SCENARIO
11.9 REVENUE ANALYSIS OF TOP PLAYERS
TABLE 131 REVENUE ANALYSIS OF KEY PLAYERS
12 COMPANY PROFILES (Page No. - 161)
12.1 DAIKIN INDUSTRIES, LTD.
(Business overview, Impact of COVID-19 on business unit, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats and COVID-19 measures)*
TABLE 132 DAIKIN INDUSTRIES, LTD.: BUSINESS OVERVIEW
FIGURE 34 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 133 DAIKIN INDUSTRIES, LTD.: DEALS
TABLE 134 DAIKIN INDUSTRIES, LTD.: OTHERS
12.2 CARRIER CORPORATION
TABLE 135 CARRIER CORPORATION: BUSINESS OVERVIEW
FIGURE 35 CARRIER CORPORATION: COMPANY SNAPSHOT
TABLE 136 CARRIER CORPORATION: DEALS
TABLE 137 CARRIER CORPORATION: PRODUCT LAUNCHES
TABLE 138 CARRIER CORPORATION: OTHERS
12.3 TRANE TECHNOLOGY
TABLE 139 TRANE TECHNOLOGY: BUSINESS OVERVIEW
FIGURE 36 TRANE TECHNOLOGY: COMPANY SNAPSHOT
TABLE 140 TRANE TECHNOLOGY: DEALS
TABLE 141 TRANE TECHNOLOGY: PRODUCT LAUNCHES
12.4 JOHNSON CONTROLS – HITACHI AIR CONDITIONING
TABLE 142 JOHNSON CONTROLS – HITACHI AIR CONDITIONING: BUSINESS OVERVIEW
FIGURE 37 JOHNSON CONTROLS – HITACHI AIR CONDITIONING: COMPANY SNAPSHOT
TABLE 143 JOHNSON CONTROLS – HITACHI AIR CONDITIONING: PRODUCT LAUNCHES
12.5 MITSUBISHI ELECTRIC (CLIMAVENETA)
TABLE 144 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
FIGURE 38 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 145 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES
12.6 SMARDT CHILLER GROUP INC.
TABLE 146 SMARDT CHILLER GROUP INC.: BUSINESS OVERVIEW
12.7 KKT CHILLERS
TABLE 147 KKT CHILLERS: BUSINESS OVERVIEW
12.8 MTA S.P.A
TABLE 148 MTA S.P.A: BUSINESS OVERVIEW
12.9 FRIULAIR S.R.L
TABLE 149 FRIULAIR S.R.L: BUSINESS OVERVIEW
12.10 HYDAC INTERNATIONAL
TABLE 150 HYDAC INTERNATIONAL: BUSINESS OVERVIEW
12.11 REYNOLD INDIA PRIVATE LIMITED
TABLE 151 REYNOLD INDIA PRIVATE LIMITED: BUSINESS OVERVIEW
12.12 OTHER COMPANIES
12.12.1 ADVANTAGE ENGINEERING, INC.
12.12.2 AIREDALE AIR CONDITIONING
12.12.3 BLUEBOX
12.12.4 BV THERMAL SYSTEMS
12.12.5 CLIMAVENETA S.P.A.
12.12.6 COLD SHOT CHILLERS
12.12.7 DRAKE REFRIGERATION INC.
12.12.8 KALTRA INNOVATIVTECHNIK GMBH
12.12.9 LENNOX EMEA
12.12.10 POLYSCIENCE
12.12.11 SHUANGLIANG ECO-ENERGY SYSTEMS CO., LTD.
12.12.12 SKM AIR CONDITIONING LLC
12.12.13 TANDEM CHILLERS INC.
12.12.14 THERMONICS CORPORATION
12.12.15 THERMAL CARE, INC.
*Details on Business overview, Impact of COVID-19 on business unit, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats and COVID-19 measures might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 202)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORT
13.5 AUTHOR DETAILS
Overview of HVAC Chillers Market
The HVAC chillers market is a segment of the heating, ventilation, and air conditioning (HVAC) industry. Chillers are an essential component of HVAC systems that provide cooling for large commercial, industrial, and residential buildings. They work by removing heat from a liquid through a refrigeration cycle and then dissipating it into the air or a water source.
The HVAC chillers market is a subset of the overall chiller market. While the chiller market includes all types of chillers used in various applications, the HVAC chillers market is specifically focused on chillers used in the HVAC industry.
The growth of the HVAC chillers market is expected to have a positive impact on the overall chiller market. As the demand for HVAC chillers increases, it is likely that the demand for other types of chillers will also increase. The HVAC chillers market is a major contributor to the overall growth of the chiller market.
Futuristic Growth Use-Cases
The future growth of the HVAC chillers market is expected to be driven by several factors, including the increasing demand for energy-efficient chillers, the growing need for HVAC systems in developing countries, and the trend towards smart buildings that utilize advanced HVAC technologies.
Top players in HVAC Chillers Market
Some of the top players in the HVAC chillers market include Carrier Corporation, Johnson Controls, Daikin Industries Ltd., Trane Inc., Mitsubishi Electric Corporation, LG Electronics Inc., Siemens AG, Haier Inc., Midea Group Co. Ltd., and Gree Electric Appliances Inc.
Other industries impacted by HVAC Chillers Market
The HVAC chillers market has a wide range of applications, and as a result, several industries are likely to be impacted by it. The most significant impact is expected in the construction industry, where the growing demand for energy-efficient buildings is driving the demand for HVAC systems, including chillers. The food and beverage industry is also likely to be impacted, as chillers are used extensively in refrigeration applications to keep food and beverages at the required temperature. Additionally, the pharmaceutical industry, chemical industry, and oil and gas industry are expected to be impacted by the use of chillers for cooling and refrigeration purposes.
Speak to our Analyst today to know more about HVAC Chillers Market!
The study involved four major activities for estimating the current size of the global chillers market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions and sizes with the industry experts across the value chain of chillers through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the chillers market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, rubber journals & newsletters, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The chillers market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the chillers market. Primary sources from the supply side include associations and institutions involved in the construction elastomers industry, key opinion leaders, and processing players.
Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the global chillers market. The research methodology used to estimate the market size includes the following:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.
Data Triangulation
After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and sub-segments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.
Report Objectives
- To define, describe, and forecast the global chillers market in terms of both volume and value
- To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze and forecast the market based on end-use industry and type
- To analyze the impact of COVID-19 on the market
- To forecast the market size, in terms of volume and value, with respect to five main regions, namely, North America, Europe, APAC, the Middle East & Africa, and South America
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape
- To strategically profile key players in the market
- To analyze competitive developments in the market, such as new product launch, capacity expansion, and merger & acquisition
- To strategically profile the leading players and comprehensively analyze their key developments, such as new product launch, expansions, and acquisitions, in the chillers market
Available Customizations:
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product Matrix which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of the Rest of APAC market
- Further breakdown of Rest of Europe market
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Chillers Market