Global Industrial Chillers Market report from Global Insight Services is the single authoritative source of intelligence on Industrial Chillers Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Industrial chillers are mostly utilized in the manufacturing industry to keep equipment and the surroundings cool. Compressors, condensers, evaporators, control units, expansion valves, and power panels are the main components of an industrial chiller. Furthermore, chillers provide air conditioning by removing undesired heat from industrial structures. The income generated by sales of chillers in end-user sectors such as chemicals, pharmaceuticals, energy, and food & beverages, among others, makes up the industrial chillers market size.
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COVID-19 Impact Analysis:
Due to protracted lockdown in economies such as India, the United States, Japan, and Germany, the advent of COVID-19 has resulted in the entire or partial suspension of numerous types of manufacturing facilities that do not fall under critical products. Furthermore, the spread of COVID-19 has already had an impact on industrial chiller sales and after-sales services in 2020 and the first half of 2021, as manufacturing plants other than wastewater treatment, food and beverage, and pharmaceuticals were not permitted to resume operations during the lockdown. Several European governments, for example, set stringent restrictions on person mobility and other manufacturing activity.
Key Trends and Drivers:
- As per capita wealth rises around the world, demand for comfort and leisure products such as refrigerators and air conditioners rises. Another driving force for the cooling equipment market is the rising food and healthcare industries.
- The market is primarily driven by the increase in demand for industrial chillers in the fast-moving consumer goods (FMCG) industry. This is due to an increase in the consumption of processed and packaged foods and beverages in emerging economies.
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 Industry
- Chemicals & Petrochemicals
- Food & Beverages
- Plastics & Rubber
- Medical
- Others
Key Players
- 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
- Trane Technologies Plc.
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