Chillers Market Worth $ 9.65 billion By 2025 | CAGR 4.1%
The Global Chillers Market will grow considerably driven by recent product advancements and wider application scope. According to a report published by Fortune Business Insights, titled “Chillers Market Size, Share and Industry Analysis, By Type (Screw Chillers, Scroll Chillers, Centrifugal Chillers, and Others), By Application (Chemicals and Petrochemicals, Food and Beverages, Plastics, Rubber, Medical, and Others), and Regional Forecast, 2019-2026,”
The market was valued at USD 9.65 billion in 2018 and is projected to reach USD 13.25 billion by 2026, exhibiting a CAGR of 4.1% during the forecast period (2019 2026).
Chillers are used in large commercial and industrial spaces, where a huge amount of heat is generated. The mechanism of a chiller is to generate cold water and circulate it through tubes, subsequently dehumidifying the vapor. This helps regulate the temperature inside the space. In larger spaces, air conditioners tend to have a lesser impact. Since chillers can be used as an excellent alternative to air conditioners, they will witness huge demand in the coming years. The growing demand in several industrial sectors will have a direct impact on the growth of the global market in the forthcoming years.
The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, major product types, and leading applications of the product. Besides, the report offers insights into the ongoing chillers market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market in recent years. Based on extensive research methods, forecast values have been drawn for the period of 2019-2026.
Browse Complete Report Details – www.fortunebusinessinsights.com/industry-reports/chillers-market-101588
The Asia Pacific to Emerge as a Dominant Market
Some of the leading companies that are operating in the global market are:
- Johnson Controls
- Johnson Controls-Hitachi Air Conditioning
- Mitsubishi Heavy Industries, Ltd.
- Polaris Industries Australasia
- LG Electronics
- Dunham-Bush Americas
- Chongqing General Industry Co., Ltd.
- Carrier Corporation
- The Danfoss Group
Market Segmentation Of Global Chillers Market –
- Screw Chillers
- Scroll Chillers
- Centrifugal Chillers
- Chemicals and Petrochemicals
- Food and Beverages
- Medical and Others
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
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