LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global industrial chillers market 2017-2021 report. This market research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global industrial chillers market is a highly competitive market characterized by the presence of many manufacturers occupying large market shares. The vendors focus on innovations and technology besides using competitive pricing strategies to stay ahead of the competition. These vendors also seek to expand their service networks to support their market presence and offer a high degree of aftermarket services, for which they make heavy investments.
“Technological advances and adherence to stringent regulations by manufacturers will boost the growth of the global industrial chillers market. Manufacturers are focusing on providing energy-efficient equipment and technologically advanced systems to meet customer demands. The key factors determining the success of vendors in the market are customer service, pricing optimization, inventory management, and distribution optimization,” says Anju Ajaykumar, a lead analyst at Technavio for engineering tools research.
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Technavio market research analysts identify the following key vendors:
Carrier provides heating, air conditioning, and refrigeration solutions. The company offers home comfort systems such as furnaces, central ACs, heat pumps, and ductless systems. It offers a range of air quality solutions, including ventilators, humidifiers, ultraviolet lamps, monitors, and air filters. It also provides solutions for heating, building automation, air conditioning, and energy services for the building's life cycle.
Daikin Industries is a manufacturer of air conditioning systems and chemical products worldwide. The company offers air conditioning systems for use in residences, restaurants, offices, data centers, marine applications, hospitals, and warehouses. It manufactures chemicals, refrigeration equipment, air conditioning equipment, electronics, oil hydraulics, and defense system products.
Ingersoll Rand manufactures and markets products and services that check air quality in the transport, residential and non-residential building, and food and beverage industries. The company's brands, including Club Car, Thermo King, Ingersoll Rand, American Standard, ARO, and Trane, work together to enhance the quality and comfort of air in homes, buildings, and commercial properties. The company's products also increase industrial productivity and efficiency, and transport and protect food and other perishables.
Johnson Controls develops products, services, and solutions to optimize energy and operational efficiencies of buildings; seating and interior systems for locomotives; and lead-acid batteries for automobiles and advanced batteries for hybrid and electric vehicles. A strong operational network of subsidiaries located in the US, Germany, Mexico, and the rest of the world support the company. It has a strong R&D base and invests significantly in new product development activities.
Mitsubishi Electric is a leading manufacturer and seller of electric and electronic equipment used in industrial automation, energy and electric systems, electronic devices, information and communication systems, and home appliances. The company seeks to promote energy-saving products and systems that offer solutions for environmental and energy issues. The E-Series range of chillers uses scroll compressor technology along with advanced inverters and controls to provide high efficiency.
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