According to a new market research report published by Global Insight Services “ Industrial Chillers Market is expected to reach US$ XX bn by 2031. 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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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
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.
- The expansion of the industrial chillers market is also expected to be aided by factors such as the rise in industrialization and the number of manufacturing facilities across various countries.
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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
Reasons to buy Industrial Chillers Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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