Global Industrial Chillers Market 2024-2028
Global Industrial Chillers Market 2024-2028
The industrial chillers market is forecasted to grow by USD 1282.7 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the industrial chillers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of district heating and cooling infrastructure, stringent regulations on refrigerant use, and growing use of industrial chillers across various industries.
Technavio's industrial chillers market is segmented as below:
- By End-user
- Chemical and petrochemical
- Plastics
- Food and beverage
- Pharmaceuticals and biotechnology
- Others
- By Type
- Water chillers
- Air chillers
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the advent of smart connected chillers as one of the prime reasons driving the industrial chillers market growth during the next few years. Also, technological advances in industrial chillers and demand for reducing energy consumption and operating costs will lead to sizable demand in the market.
The report on the industrial chillers market covers the following areas:
- Industrial chillers market sizing
- Industrial chillers market forecast
- Industrial chillers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial chillers market vendors that include ait deutschland GmbH, Carrier Global Corp., Daikin Industries Ltd., Drake Refrigeration Inc., FRIGEL FIRENZE S.p.A., Friulair S.r.l., General Air Products, HYDAC Technology Corp., Johnson Controls International Plc., LG Corp., Mitsubishi Electric Corp., MTA S.p.A., Paul Mueller Co. Inc., PolyScience, RTX Corp., Reynold India Pvt. Ltd., Senho Machinery Shenzhen Co. Ltd., Sentry Equipment Corp., Smardt Chiller Group Inc., and Trane Technologies Plc. Also, the industrial chillers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.