Industrial Air Chiller Market By Type (Centrifugal Chillers, Reciprocating Chillers, Scroll Compressor Chillers, Screw Driven Chillers), By Function (Stationary, Transport), By End User Industry (Food and Beverage, Pharmaceutical, Utility and Power, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global industrial air chiller market size was valued at $ 4,669.1 million in 2021, and is projected to reach $ 7,252.9 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.
Industrial air chillers play an instrumental role in controlling temperature of industrial machineries and manufacturing facilities. It basically uses forced ambient air for cooling down the heat transfer fluid of a refrigerant system.
Industrial air chillers are available in a wide range of sizes and capacities in the market, thereby making them applicable in large- and small-scale industries. Industrial air chillers are essential for keeping industrial machineries and spaces cool. Rapid growth in IT and manufacturing sectors contributes toward rise in demand for industrial air chillers.
Rising global population has significantly contributed to the growth of various industrial sectors such as automotive, and energy sector. This boosts the manufacturing industry, thereby, positively influencing the growth of industrial air chiller market. In addition, pharmaceutical sector is also witnessing a rapid growth due to increasing elderly population and rising unhealthy standards of living. These trends are fueling the demand for industrial air chillers in pharmaceutical sector. However, high installation and maintenance cost of industrial air chillers and their major contribution in the global pollution, are serving as a major restraint in the growth of the market. Furthermore, growth in small scale industries in the emerging economies and development in relatively eco-friendly refrigerants are estimated to provide lucrative opportunities for the growth of the market.
The global industrial air chiller market is segmented on the basis of type, end user, function and region. By type, the market is categorized into centrifugal chillers, reciprocating chillers, scroll compressor chillers, and screw driven chillers. On the basis on function, the market is categorized into stationary, and transport. And, on the basis of end user, it is categorized into foods & beverages, pharmaceuticals, utility & power, oil & gas and others. . Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, business expansion, product development and acquisition to strengthen their market outreach and sustain the stiff competition in the market
COMPETITION ANALYSIS
Key companies profiled in the industrial air chiller market report include Airedale International Air Conditioning Ltd., Blue Star Limited, Carrier Global Corporation, Daikin Industries, Ltd., GEM Orion Machinery Private Limited, Hiver Aircon Pvt.Ltd, Jiangsu Huazhao Refrigeration Equipment CO., Ltd., Johnson Controls International PLC, Mitsubishi Electric Corporation, and Trane Technologies Company, LLC.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging industrial air chiller market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
Extensive analysis of the industrial air chiller market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global industrial air chiller market forecast analysis from 2022 to 2031 is included in the report.
The key market players within industrial air chiller market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industrial air chillers industry.
Key Market Segments
By End User Industry
Food and Beverage
Pharmaceutical
Utility and Power
Oil and Gas
Others
By Type
Centrifugal Chillers
Reciprocating Chillers
Scroll Compressor Chillers
Screw Driven Chillers
By Function
Stationary
Transport
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Rest of Europe
Asia-Pacific
Rest of Asia-Pacific
India
China
Japan
South Korea
LAMEA
Latin America
Middle East
Africa
Key Market Players
Airedale International Air Conditioning Ltd.
Blue Star Limited
Carrier Global Corporation
daikin industries, ltd.
GEM Orion Machinery Private Limited
Hiver Aircon Pvt. Ltd.
Jiangsu Huazhao Refrigeration Equipment CO., Ltd.
Johnson Controls International PLC
Mitsubishi Electric Corporation
Trane Technologies Company, LLC.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook