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February 25, 2020

Chillers Market Size Will Exceed $ 10.45 Bn By 2026 Exclusive Report by ARC™

In Chillers Market, The regional segmentation includes current and projected demand in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

The global Chillers market size is anticipated to around USD 10.45 billion by 2026, this market is anticipated to grow with 3.1% CAGR during the forecast time period.

North America dominated the global chillers market in the year 2018. The growing demand from various industries such as offices, petrochemicals, food & beverages, large retails, and theater in commercial sector require various types of chillers which is positively impacting the regional market growth.Additionally, rise in number of working women are preferring frozen food items due to ease of cooking and time constraint, change in lifestyle, growing urbanization, innovation and development in chillers, and adoption of advance technology are anticipated to propel the market size.

Moreover, according to Organization for Economic Co-operation and Development (OECD) Employment and Labor Market Statistics, has stated that around 62% women in US are self-employed, which has raised the demand of frozen vegetables and fruits. This is expected to boom the chillers market in the region. The Europe region is expected to exhibit a second largest share in the chillers market. According to Antimicrobial resistance (AMR) study, has stated that the value of US product shipments of frozen fruits and vegetables amounted to $12,180 mn in 2014. Moreover, the increasing awareness among consumers related to environment impact, increase in household disposable income, are further rise the demand for chillers in the region throughout the forecast period.

Asia-Pacific is anticipated to project the highest CAGR over the forecast period. The rise in construction projects, growing industrialization, rapid urbanization, rise in consumption of frozen foods, huge demand for energy efficient cooling devices, major players are investing huge amount in research and development from chillers manufacturers,are expected to boosts the demand for chillers in the region over the forecast period.

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Screw chillers have dominated the type segment in the year 2018 and the segment is projected to maintain its dominance during the forecast period from 2019 to 2026. The major characteristics such as low maintenance, low cost, and energy efficiency are boosting the demand for screw chillers. The environment conscious customers are adapting advanced screw compressors due to its eco-friendly refrigerator. For instance, Hitachi launched the semi hermetic twin screw compressor, which uses eco-friendly refrigerant. This is expected to increase the segment during the forecast period.

Plastic segment dominated the chillers market on the basis of application in the year 2018. The plastic segment accounts of the largest market share in 2018. The growing demand plastic materials such as food packaging, toys, and consumer electronic items from daily use products, increasing use of plastic in industrial application like construction material and building are boosting the plastic market. For example, Chase Cooling System launched CWE series and QBE series fluid chillers with an optional hot gas bypass value for temperature sensitive processes. This anticipated propelling the dominance of the chillers segment in the global market over the forecast period.

Petrochemical segment dominated the chillers market on the basis of application in the year 2018. The growing demand from various industries for gasoline, oil, and petroleum products such as olefins, consisting aromatics, ethylene, and propylene is driving the growth in the petrochemical industry. This anticipated boosting the dominance of the chillers segment in the global market during the forecast period.

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Some of the leading competitors are Carrier Corporation, Daikin, Mitsubishi Heavy Industries Ltd., Trane Inc., Thermax Inc., Johnson Controls, Midea, The Danfoss Group, Polaris Industries Australasia, andLG Electronics.

Some of the key observations regarding chillers industry include:

  • In July 2018, Daikin has introduced highly advanced and compact DZ chillers series with environment friendly R1234ze and R134a refrigerants.
  • In June 2018, Johnson Controls has launched the YORK YZ magnetic bearing centrifugal chillers fully optimized with next generational low global warming potential refrigerants.
  • In January 2019, Trane, a major player in the chillers market has announced the introduction of three new process chillers using R1234ez refrigerants. The company claim that the compressor technology utilized in process chillers makes it 38% more efficient, the refrigerants used in the system has almost no global warming potential (GWP), and making the product complaint with eco design regulation.
  • In August 2018, In order to gain a competitive edge, Daikin has launched new chillers witness tests in its newly opened plant in Italy. The company plans to use chillers witness tests programs to showcase its product performance under different climate conditions and to develop huge customer base.
  • In October 2018, GEA Group has introduced the first ever process chillers, which used semi hermetic processor, named BluQ. The GEA Group claimed that BluQ uses small amount of ammonia to manufacture desired cooling efficiency, making the system highly eco-friendly products.

Market Segmentation

Market By Type

  • Screw Chillers
  • Scroll Chillers
  • Centrifugal Chillers
  • Absorption Chillers
  • Reciprocating Chillers

Market By Application

  • Food & Beverages
  • Petrochemicals
  • Rubber
  • Plastic
  • Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Chillers
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Chillers Market By Type
1.2.2.1. Global Chillers Market Revenue and Growth Rate Comparison By Type(2015-2026)
1.2.2.2. Global Chillers Market Revenue Share By Type in 2018
1.2.2.3. Screw Chillers
1.2.2.4. Scroll Chillers
1.2.2.5. Centrifugal Chillers
1.2.2.6. Absorption Chillers
1.2.2.7. Reciprocating Chillers
1.2.3. Chillers Market By Application
1.2.3.1. Global Chillers Market Revenue and Growth Rate Comparison By Application(2015-2026)
1.2.3.2. Global Chillers Market Revenue Share By Application in 2018
1.2.3.3. Food & Beverages
1.2.3.4. Petrochemicals
1.2.3.5. Rubber
1.2.3.6. Plastic
1.2.3.7. Others
1.2.4. Chillers Market by Geography
1.2.4.1. Global Chillers Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Chillers Market Revenue and Growth Rate(2015-2026)
1.2.4.3. Europe Chillers Market Revenue and Growth Rate(2015-2026)
1.2.4.4. Asia-Pacific Chillers Market Revenue and Growth Rate(2015-2026)
1.2.4.5. Latin America Chillers Market Revenue and Growth Rate(2015-2026)
1.2.4.6. Middle East and Africa (MEA)Chillers Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Application and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING CHILLERS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Chillers Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Chillers Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Chillers Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Chillers Major Manufacturers in 2018

CHAPTER 4. CHILLERS MARKET BY TYPE
4.1. Global Chillers Revenue By Type
4.2. Screw Chillers
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Scroll Chillers
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Centrifugal Chillers
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Absorption Chillers
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Reciprocating Chillers
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. CHILLERS MARKET BY APPLICATION
5.1. Global Chillers Revenue By Application
5.2. Food & Beverages
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Petrochemicals
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Rubber
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Plastic
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Others
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. NORTH AMERICA CHILLERS MARKET BY COUNTRY
6.1. North America Chillers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Chillers Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Chillers Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 7. EUROPE CHILLERS MARKET BY COUNTRY
7.1. Europe Chillers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Chillers Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC CHILLERS MARKET BY COUNTRY
8.1. Asia-Pacific Chillers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Chillers Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 9. LATIN AMERICA CHILLERS MARKET BY COUNTRY
9.1. Latin America Chillers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Chillers Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 10. MIDDLE EAST & AFRICA CHILLERS MARKET BY COUNTRY
10.1. Middle East & Africa Chillers Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East & Africa Chillers Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 11. COMPANY PROFILE
11.1. Johnson Controls
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Type Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Midea
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Type Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. The Danfoss Group
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Type Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Carrier Corporation
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Type Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Daikin
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Type Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Mitsubishi Heavy Industries Ltd
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Type Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. LG Electronics
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Type Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Thermax Inc.
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Type Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Polaris Industries Australasia
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Type Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Trane Inc.
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Type Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. Others
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Type Portfolio
11.11.5. Key Developments
11.11.6. Strategies

CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
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February 25, 2020, 11:12
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