The global market was valued at $8,784 million in 2015 and is expected to reach $11,542 million by 2022. The scroll chiller segment accounted for around 60% of the total chiller market size in 2015.
Various types of chillers are used by industries and commercial sectors as per their requirement. The market for chillers has grown significantly in the past few years due to expansion in commercial and industrial sectors. Commercial sectors, such as large retails, are highly dependent on chillers to store food items. Industrial sectors, such as plastics industry, exhibit huge demand for chillers to cool down their equipment & machineries.
The global chiller market growth is driven by factors such as increased consumption of frozen foods, and high demand for energy-efficient cooling solutions across industries such as plastic, rubber, & chemical. Technological advancements provide growth opportunities to the market players. However, high electricity cost is one of the major challenges for the market growth.
Scroll chillers dominate the market, owing to their extensive usage in industries and other wide application areas due to their high-efficiency and availability in various compact sizes. Screw chiller, the second largest segment, generated around 28% of the global chiller market revenue in 2015, and is expected to grow at a CAGR of 4.3% during the forecast period. These chillers produce low noise, thus gaining popularity in sound-sensitive environment such as offices, and hospitals.
- Daikin Industries Ltd.
- Johnson Controls
- Trane Inc.
- Carrier Corporation
- Smartd Chiller Group Inc.
- Thermax Ltd.
- Hitachi Appliances Inc.
- Climaveneta S.P.A.
- Dimplex Thermal Solutions.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Chiller Market, By Type
Chapter 5 Chiller Market, By End User
Chapter 6 Chiller Market, By Geography
Chapter 7 Related Industry Insights
Chapter 8 Company Profiles
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