HVAC Chillers Market (Type: Air Chillers, Water Chillers, and Others; and Compressor Technologies: Vapor Compression Chillers, and Vapor Absorption Chillers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031
HVAC Chillers Market – Scope of Report
TMR’s report on the global HVAC chillers market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global HVAC chillers market for the period 2017–2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global HVAC chillers market from 2023 to 2031.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the HVAC chillers market.
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global HVAC chillers market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global HVAC chillers market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global HVAC chillers market.
The report delves into the competitive landscape of the global HVAC chillers market. Key players operating in the global HVAC chillers market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global HVAC chillers market profiled in this report.
Key Questions Answered in Global HVAC Chillers Market Report
- What is the sales/revenue generated by HVAC chillers across all regions during the forecast period?
- What are the opportunities in the global HVAC chillers market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which segment is expected to generate the highest revenue globally in 2031?
- Which segment is projected to expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
The comprehensive report on the global HVAC chillers market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global HVAC chillers market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global HVAC chillers market.
- 1. Preface
- 1.1. Market Definition and Scope
- 1.2. Market Segmentation
- 1.3. Key Research Objectives
- 1.4. Research Highlights
- 2. Assumptions
- 3. Research Methodology
- 4. Executive Summary
- 5. Market Overview
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.2. Restraints
- 5.1.3. Opportunities
- 5.2. Key Market Indicators
- 5.3. Key Trend Analysis
- 5.3.1. Supplier Side
- 5.3.2. Demand Side
- 5.4. Industry SWOT Analysis
- 5.5. Technology Analysis
- 5.6. Trade Analysis
- 5.7. Porter’s Five Forces Analysis
- 5.8. Value Chain Analysis
- 5.9. COVID-19 Impact Analysis
- 5.10. Regulatory Framework
- 5.11. HVAC Chillers Market Analysis and Forecast, 2017 - 2031
- 5.11.1. Market Value Projections (US$ Bn)
- 5.11.2. Market Volume Projections (Thousand Units)
- 6. Global HVAC Chillers Market Analysis and Forecast, by Type
- 6.1. Global HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Type, 2017 - 2031
- 6.1.1. Air Chillers
- 6.1.2. Water Chillers
- 6.1.3. Others
- 6.2. Incremental Opportunity, by Type
- 7. Global HVAC Chillers Market Analysis and Forecast, by Cooling Capacity (TR)
- 7.1. Global HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Cooling Capacity (TR), 2017 - 2031
- 7.1.1. Up To 100
- 7.1.2. 101 to 300
- 7.1.3. 301 to 500
- 7.1.4. 501 to 700
- 7.1.5. 701 to 1000
- 7.1.6. Above 1000
- 7.2. Incremental Opportunity, by Cooling Capacity (TR)
- 8. Global HVAC Chillers Market Analysis and Forecast, by Compressor Technologies
- 8.1. Global HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Compressor Technologies, 2017 - 2031
- 8.1.1. Vapor Compression Chillers
- 8.1.1.1. Centrifugal chillers
- 8.1.1.2. Turbocor chillers
- 8.1.1.3. Reciprocating chillers
- 8.1.1.4. Scroll chillers
- 8.1.1.5. Screw chillers
- 8.1.1.6. Others
- 8.1.2. Vapor Absorption Chillers
- 8.1.2.1. Steam Fired Chiller
- 8.1.2.2. Hot Water Driven Chiller
- 8.1.2.3. Direct-Fired Chiller
- 8.1.2.4. Single-Effect Absorption Chiller
- 8.1.2.5. Double-Effect Absorption Chiller
- 8.1.2.6. Others
- 8.2. Incremental Opportunity, by Compressor Technologies
- 9. Global HVAC Chillers Market Analysis and Forecast, by End-user
- 9.1. Global HVAC Chillers Market Size (US$ Bn) (Thousand Units), by End-user, 2017 - 2031
- 9.1.1. Retail food industry
- 9.1.2. Post-harvest products
- 9.1.3. Pharmaceuticals industry
- 9.1.4. Hospitality industry
- 9.1.5. Horticulture
- 9.1.6. Others
- 9.2. Incremental Opportunity, by End-user
- 10. Global HVAC Chillers Market Analysis and Forecast, by Distribution Channel
- 10.1. Global HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031
- 10.1.1. Direct
- 10.1.2. Indirect
- 10.2. Incremental Opportunity, by Distribution Channel
- 11. Global HVAC Chillers Market Analysis and Forecast, by Region
- 11.1. Global HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Region, 2017 - 2031
- 11.1.1. North America
- 11.1.2. Europe
- 11.1.3. Asia Pacific
- 11.1.4. Middle East & Africa
- 11.1.5. South America
- 11.2. Incremental Opportunity, by Region
- 12. North America HVAC Chillers Market Analysis and Forecast
- 12.1. Regional Snapshot
- 12.2. Key Supplier Analysis
- 12.3. Key Trend Analysis
- 12.4. Price Trend Analysis
- 12.4.1. Weighted Average Selling Price (US$)
- 12.5. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Type, 2017 - 2031
- 12.5.1. Air Chillers
- 12.5.2. Water Chillers
- 12.5.3. Others
- 12.6. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Cooling Capacity (TR), 2017 - 2031
- 12.6.1. Up To 100
- 12.6.2. 101 to 300
- 12.6.3. 301 to 500
- 12.6.4. 501 to 700
- 12.6.5. 701 to 1000
- 12.6.6. Above 1000
- 12.7. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Compressor Technologies, 2017 - 2031
- 12.7.1. Vapor Compression Chillers
- 12.7.1.1. Centrifugal chillers
- 12.7.1.2. Turbocor chillers
- 12.7.1.3. Reciprocating chillers
- 12.7.1.4. Scroll chiller
- 12.7.1.5. Screw chiller
- 12.7.1.6. Others
- 12.7.2. Vapor Absorption Chillers
- 12.7.2.1. Steam Fired Chiller
- 12.7.2.2. Hot Water Driven Chiller
- 12.7.2.3. Direct-Fired Chiller
- 12.7.2.4. Single-Effect Absorption Chiller
- 12.7.2.5. Double-Effect Absorption Chiller
- 12.7.2.6. Others
- 12.8. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by End-user, 2017 - 2031
- 12.8.1. Retail food industry
- 12.8.2. Post-harvest products
- 12.8.3. Pharmaceuticals industry
- 12.8.4. Hospitality industry
- 12.8.5. Horticulture
- 12.8.6. Others
- 12.9. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031
- 12.9.1. Direct
- 12.9.2. Indirect
- 12.10. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031
- 12.10.1. U.S.
- 12.10.2. Canada
- 12.10.3. Rest of North America
- 12.11. Incremental Opportunity Analysis
- 13. Europe HVAC Chillers Market Analysis and Forecast
- 13.1. Regional Snapshot
- 13.2. Key Supplier Analysis
- 13.3. Key Trend Analysis
- 13.4. Price Trend Analysis
- 13.4.1. Weighted Average Selling Price (US$)
- 13.5. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Type, 2017 - 2031
- 13.5.1. Air Chillers
- 13.5.2. Water Chillers
- 13.5.3. Others
- 13.6. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Cooling Capacity (TR), 2017 - 2031
- 13.6.1. Up To 100
- 13.6.2. 101 to 300
- 13.6.3. 301 to 500
- 13.6.4. 501 to 700
- 13.6.5. 701 to 1000
- 13.6.6. Above 1000
- 13.7. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Compressor Technologies, 2017 - 2031
- 13.7.1. Vapor Compression Chillers
- 13.7.1.1. Centrifugal chillers
- 13.7.1.2. Turbocor chillers
- 13.7.1.3. Reciprocating chillers
- 13.7.1.4. Scroll chiller
- 13.7.1.5. Screw chiller
- 13.7.1.6. Others
- 13.7.2. Vapor Absorption Chillers
- 13.7.2.1. Steam Fired Chiller
- 13.7.2.2. Hot Water Driven Chiller
- 13.7.2.3. Direct-Fired Chiller
- 13.7.2.4. Single-Effect Absorption Chiller
- 13.7.2.5. Double-Effect Absorption Chiller
- 13.7.2.6. Others
- 13.8. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by End-user, 2017 - 2031
- 13.8.1. Retail food industry
- 13.8.2. Post-harvest products
- 13.8.3. Pharmaceuticals industry
- 13.8.4. Hospitality industry
- 13.8.5. Horticulture
- 13.8.6. Others
- 13.9. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031
- 13.9.1. Direct
- 13.9.2. Indirect
- 13.10. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031
- 13.10.1. U.K.
- 13.10.2. Germany
- 13.10.3. France
- 13.10.4. Rest of Europe
- 13.11. Incremental Opportunity Analysis
- 14. Asia Pacific HVAC Chillers Market Analysis and Forecast
- 14.1. Regional Snapshot
- 14.2. Key Supplier Analysis
- 14.3. Key Trend Analysis
- 14.4. Price Trend Analysis
- 14.4.1. Weighted Average Selling Price (US$)
- 14.5. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Type, 2017 - 2031
- 14.5.1. Air Chillers
- 14.5.2. Water Chillers
- 14.5.3. Others
- 14.6. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Cooling Capacity (TR), 2017 - 2031
- 14.6.1. Up To 100
- 14.6.2. 101 to 300
- 14.6.3. 301 to 500
- 14.6.4. 501 to 700
- 14.6.5. 701 to 1000
- 14.6.6. Above 1000
- 14.7. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Compressor Technologies, 2017 - 2031
- 14.7.1. Vapor Compression Chillers
- 14.7.1.1. Centrifugal chillers
- 14.7.1.2. Turbocor chillers
- 14.7.1.3. Reciprocating chillers
- 14.7.1.4. Scroll chillers
- 14.7.1.5. Screw chillers
- 14.7.1.6. Others
- 14.7.2. Vapor Absorption Chillers
- 14.7.2.1. Steam Fired Chiller
- 14.7.2.2. Hot Water Driven Chiller
- 14.7.2.3. Direct-Fired Chiller
- 14.7.2.4. Single-Effect Absorption Chiller
- 14.7.2.5. Double-Effect Absorption Chiller
- 14.7.2.6. Others
- 14.8. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by End-user, 2017 - 2031
- 14.8.1. Retail food industry
- 14.8.2. Post-harvest products
- 14.8.3. Pharmaceuticals industry
- 14.8.4. Hospitality industry
- 14.8.5. Horticulture
- 14.8.6. Others
- 14.9. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031
- 14.9.1. Direct
- 14.9.2. Indirect
- 14.10. HVAC Chillers Market Homes Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031
- 14.10.1. China
- 14.10.2. India
- 14.10.3. Japan
- 14.10.4. Rest of Asia Pacific
- 14.11. Incremental Opportunity Analysis
- 15. Middle East & Africa HVAC Chillers Market Analysis and Forecast
- 15.1. Regional Snapshot
- 15.2. Key Supplier Analysis
- 15.3. Key Trend Analysis
- 15.4. Price Trend Analysis
- 15.4.1. Weighted Average Selling Price (US$)
- 15.5. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Type, 2017 - 2031
- 15.5.1. Air Chillers
- 15.5.2. Water Chillers
- 15.5.3. Others
- 15.6. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Cooling Capacity (TR), 2017 - 2031
- 15.6.1. Up To 100
- 15.6.2. 101 to 300
- 15.6.3. 301 to 500
- 15.6.4. 501 to 700
- 15.6.5. 701 to 1000
- 15.6.6. Above 1000
- 15.7. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Compressor Technologies, 2017 - 2031
- 15.7.1. Vapor Compression Chillers
- 15.7.1.1. Centrifugal chillers
- 15.7.1.2. Turbocor chillers
- 15.7.1.3. Reciprocating chillers
- 15.7.1.4. Scroll chillers
- 15.7.1.5. Screw chillers
- 15.7.1.6. Others
- 15.7.2. Vapor Absorption Chillers
- 15.7.2.1. Steam Fired Chiller
- 15.7.2.2. Hot Water Driven Chiller
- 15.7.2.3. Direct-Fired Chiller
- 15.7.2.4. Single-Effect Absorption Chiller
- 15.7.2.5. Double-Effect Absorption Chiller
- 15.7.2.6. Others
- 15.8. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by End-user, 2017 - 2031
- 15.8.1. Retail food industry
- 15.8.2. Post-harvest products
- 15.8.3. Pharmaceuticals industry
- 15.8.4. Hospitality industry
- 15.8.5. Horticulture
- 15.8.6. Others
- 15.9. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031
- 15.9.1. Direct
- 15.9.2. Indirect
- 15.10. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031
- 15.10.1. GCC
- 15.10.2. South Africa
- 15.10.3. Rest of Middle East & Africa
- 15.11. Incremental Opportunity Analysis
- 16. South America HVAC Chillers Market Analysis and Forecast
- 16.1. Regional Snapshot
- 16.2. Key Supplier Analysis
- 16.3. Key Trend Analysis
- 16.4. Price Trend Analysis
- 16.4.1. Weighted Average Selling Price (US$)
- 16.5. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Type, 2017 - 2031
- 16.5.1. Air Chillers
- 16.5.2. Water Chillers
- 16.5.3. Others
- 16.6. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Cooling Capacity (TR), 2017 - 2031
- 16.6.1. Up To 100
- 16.6.2. 101 to 300
- 16.6.3. 301 to 500
- 16.6.4. 501 to 700
- 16.6.5. 701 to 1000
- 16.6.6. Above 1000
- 16.7. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Compressor Technologies, 2017 - 2031
- 16.7.1. Vapor Compression Chillers
- 16.7.1.1. Centrifugal chillers
- 16.7.1.2. Turbocor chillers
- 16.7.1.3. Reciprocating chillers
- 16.7.1.4. Scroll chillers
- 16.7.1.5. Screw chillers
- 16.7.1.6. Others
- 16.7.2. Vapor Absorption Chillers
- 16.7.2.1. Steam Fired Chiller
- 16.7.2.2. Hot Water Driven Chiller
- 16.7.2.3. Direct-Fired Chiller
- 16.7.2.4. Single-Effect Absorption Chiller
- 16.7.2.5. Double-Effect Absorption Chiller
- 16.7.2.6. Others
- 16.8. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by End-user, 2017 - 2031
- 16.8.1. Retail food industry
- 16.8.2. Post-harvest products
- 16.8.3. Pharmaceuticals industry
- 16.8.4. Hospitality industry
- 16.8.5. Horticulture
- 16.8.6. Others
- 16.9. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017 - 2031
- 16.9.1. Direct
- 16.9.2. Indirect
- 16.10. HVAC Chillers Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017 - 2031
- 16.10.1. Brazil
- 16.10.2. Rest of South America
- 16.11. Incremental Opportunity Analysis
- 17. Competition Landscape
- 17.1. Competition Dashboard
- 17.2. Market Share Analysis % (2022)
- 17.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Business Strategies / Recent Developments]
- 17.3.1. Ab Electrolux
- 17.3.1.1. Company Overview
- 17.3.1.2. Product Portfolio
- 17.3.1.3. Financial Information, (Subject to Data Availability)
- 17.3.1.4. Business Strategies / Recent Developments
- 17.3.2. Carrier Global Corporation
- 17.3.2.1. Company Overview
- 17.3.2.2. Product Portfolio
- 17.3.2.3. Financial Information, (Subject to Data Availability)
- 17.3.2.4. Business Strategies / Recent Developments
- 17.3.3. Daikin Industries Ltd.
- 17.3.3.1. Company Overview
- 17.3.3.2. Product Portfolio
- 17.3.3.3. Financial Information, (Subject to Data Availability)
- 17.3.3.4. Business Strategies / Recent Developments
- 17.3.4. Honeywell International Inc.
- 17.3.4.1. Company Overview
- 17.3.4.2. Product Portfolio
- 17.3.4.3. Financial Information, (Subject to Data Availability)
- 17.3.4.4. Business Strategies / Recent Developments
- 17.3.5. Johnson Controls International plc
- 17.3.5.1. Company Overview
- 17.3.5.2. Product Portfolio
- 17.3.5.3. Financial Information, (Subject to Data Availability)
- 17.3.5.4. Business Strategies / Recent Developments
- 17.3.6. Shuangliang Eco-Energy Co., Ltd.
- 17.3.6.1. Company Overview
- 17.3.6.2. Product Portfolio
- 17.3.6.3. Financial Information, (Subject to Data Availability)
- 17.3.6.4. Business Strategies / Recent Developments
- 17.3.7. LG Electronics Inc.
- 17.3.7.1. Company Overview
- 17.3.7.2. Product Portfolio
- 17.3.7.3. Financial Information, (Subject to Data Availability)
- 17.3.7.4. Business Strategies / Recent Developments
- 17.3.8. Mitsubishi Electric Corp.
- 17.3.8.1. Company Overview
- 17.3.8.2. Product Portfolio
- 17.3.8.3. Financial Information, (Subject to Data Availability)
- 17.3.8.4. Business Strategies / Recent Developments
- 17.3.9. Panasonic Corporation
- 17.3.9.1. Company Overview
- 17.3.9.2. Product Portfolio
- 17.3.9.3. Financial Information, (Subject to Data Availability)
- 17.3.9.4. Business Strategies / Recent Developments
- 17.3.10. Samsung Electronics Co. Ltd.
- 17.3.10.1. Company Overview
- 17.3.10.2. Product Portfolio
- 17.3.10.3. Financial Information, (Subject to Data Availability)
- 17.3.10.4. Business Strategies / Recent Developments
- 17.3.11. Siemens AG
- 17.3.11.1. Company Overview
- 17.3.11.2. Product Portfolio
- 17.3.11.3. Financial Information, (Subject to Data Availability)
- 17.3.11.4. Business Strategies / Recent Developments
- 17.3.12. Trane Technologies Plc
- 17.3.12.1. Company Overview
- 17.3.12.2. Product Portfolio
- 17.3.12.3. Financial Information, (Subject to Data Availability)
- 17.3.12.4. Business Strategies / Recent Developments
- 17.3.13. Thermal Care Inc.
- 17.3.13.1. Company Overview
- 17.3.13.2. Product Portfolio
- 17.3.13.3. Financial Information, (Subject to Data Availability)
- 17.3.13.4. Business Strategies / Recent Developments
- 18. Go To Market Strategy
- 18.1. Identification of Potential Market Spaces
- 18.1.1. By Type
- 18.1.2. By Cooling Capacity (TR)
- 18.1.3. By Compressor Technologies
- 18.1.4. By End-user
- 18.1.5. By Distribution Channel
- 18.1.6. By Region
- 18.2. Understanding the Procurement Process of End-users
- 18.3. Preferred Sales & Marketing Strategy
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