Screw Chillers Market By Product Type (Air Cooled Chiller, Water-Cooled Chiller), By Compressor Type (Single, Dual and Twin), By End User Industry (Food and Beverage, Chemical and Petrochemicals, Pharmaceutical, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global screw chillers market size was valued at $4,637.5 million in 2021, and is projected to reach $6,501.2 million by 2031, registering a CAGR of 3.4% from 2022 to 2031.
Screw driven chillers house a screw compressor to compress air, refrigerant, or other fluids. A screw chiller comprises a female helical screw and a male helical screw. Both these screws are mechanically engaged with each other and rotate simultaneously. This rotation gradually compresses the fluid as it moves from one end of the cylinder to the other end.
A rise in demand for process cooling in industrial applications owing to features such as energy efficiency, variable speed, environment friendly, compact size and minimal maintenance cost, drives the growth of the market. An increase in urbanization and industrialization in emerging countries such as Germany, France, U.S., and others, propel the growth of the screw chillers market globally. In addition, an increased preference for district cooling systems in many industries and commercial buildings is anticipated to provide lucrative opportunities for the growth of the market. For instance, according to the World Bank Group, the conventional cooling devices accounted for around 10% of global greenhouse gas emissions, and emission from cooling is expected to increase two-fold by 2030. All such factors are expected to boost the growth of the screw chillers market.
The market is segmented on the basis of product type, compressor type, end-user industry, and region. On the basis of product type, the market is divided into air cooled chiller and water-cooled chillers. On the basis of compressor type, the market is divided into single and dual and twin. On the basis of end-user industry, the market is divided into food and beverage, chemical and petrochemicals, pharmaceutical, oil and gas and others. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The key players that operate in the screw chillers market are Carrier Global Corporation, Dunham Bush, EUROKLIMAT S.P.A., Haier Group, Johnson Controls, LG Electronics, McQuay Air-conditioning Ltd., Mitsubishi Electric Corporation, Robert Bosch GmbH, Trane Technologies Company LLC.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the screw chillers market analysis from 2021 to 2031 to identify the prevailing screw chillers market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the screw chillers market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global screw chillers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Air Cooled Chiller
Water-Cooled Chiller
By Compressor Type
Single
Dual and Twin
By End User Industry
Food and Beverage
Chemical and Petrochemicals
Pharmaceutical
Oil and Gas
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
UK
France
Rest Of Europe
Asia-Pacific
China
Japan
India
Australia
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Carrier
Dunham Bush
EUROKLIMAT S.P.A.
Haier Group
Johnson Controls
LG Electronics
McQuay Air-conditioning Ltd.
Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A
Robert Bosch GmbH
Trane Technologies plc
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