Water Chillers Market By Type (Screw Chiller, Scroll Chiller, Centrifugal Chiller, Absorption Chiller, Reciprocating Chiller, Others), By Capacity (0-100 kW, 101-350 kW, 351-700 kW, >700 kW), By End User Industry (Chemicals and Petrochemicals, Food and Beverage, Plastics and Rubber, Healthcare, Others), By System (Water Accumulation, Continuous Flow ): Global Opportunity Analysis and Industry Forecast, 2023-2032
The Water Chillers Market valued for $6,005.60 million in 2022 and is estimated to reach $8,412.70 million by 2032, exhibiting a CAGR of 3.4% from 2023 to 2032. The water chiller (cooling water circulation device) is a general term for a device that controls the temperature by circulating a liquid such as water or heat medium. Water chillers provide air conditioning by eliminating the unwanted heat from commercial and industrial buildings. The demand for water chillers is increasing due to various advantages such as portability and easy maintenance. Water chillers are used in restaurants, hotels, kitchens and dining rooms to maintain the level of temperature.
The increase in demand for district cooling systems in many industries and high-rise buildings is expected to boost the water chillers market growth. District cooling is also known as centralized generation and distribution of cooling energy, which replaces traditional air-cooling systems as it is less expensive and more energy efficient. In addition, developments in the tourism industry boost the construction of hotels and public infrastructure where water chillers can be used on a large scale.
The water chillers market is segmented on the basis of type, capacity, end user industry, system and region. On the basis of type, the market is bifurcated into screw chiller, scroll chiller, centrifugal chiller, absorption chiller, reciprocating chiller and others. On the basis of capacity, the market is divided into 0-100 kW, 101-350 kW, 351-700 kW and >700 kW. On the basis of end user industry, the market is classified into chemicals and petrochemicals, food & beverage, plastics & rubber, healthcare and others. On the basis of system, the market is further bifurcated into water accumulation and continuous flow.
The report offers a thorough analysis of Water Chillers Market with detailed study of various aspects of the market such as market dynamics, vital segments, major geographies, key players, and competitive landscape. The report provides a clear picture of the current market situation and future trends of the Water Chillers Market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities in the market contributing to the market growth are acknowledged in the market dynamics. Besides, challenges and restraints that hold potential to hamper the market growth are also premeditated in the Water Chillers Market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the Water Chillers Market. The report offers market size and estimations analyzing Water Chillers Market through various segments.
In addition, the report includes geographical market analysis of these segments. Each segment entailed in the report is studied at regional and country level as well to provide complete coverage of Water Chillers Market. The report categorizes the Water Chillers Market into four major geographies including North America, Europe, Asia-Pacific, and LAMEA. These geographies are further sub-categorized into countries to cover Water Chillers Market scenario across in respective regions. Furthermore, the report covers competitive scenario of the Water Chillers Market. The key players operating in the Water Chillers Market are studied in the report to understand their current market position and competitive strengths in the industry.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the water chillers market analysis from 2022 to 2032 to identify the prevailing water 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 water 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 water chillers market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeAbsorption Chiller
Reciprocating Chiller
Others
Screw Chiller
Scroll Chiller
Centrifugal Chiller
By End User IndustryOthers
Chemicals and Petrochemicals
Food and Beverage
Plastics and Rubber
Healthcare
By Capacity0-100 kW
101-350 kW
351-700 kW
and700 kW
By SystemWater Accumulation
Continuous Flow
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
Italy
UK
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Carrier Global Corporation
Daikin Industries Ltd.
Dimplex Thermal Solutions
Hitachi, Ltd.
Johnson Controls International PLC
LG Electronics
Midea Group Co., Ltd.
Mitsubishi Electric Corporation
Thermax Limited
Trane Technologies plc
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