Chillers Market was valued at USD 9.65 billion in 2018 and is projected to reach USD 13.25 billion by 2026,with CAGR of 4.1%
TheGlobal Chillers Marketwill 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).
Some of the leading companies that are operating in the global market are:
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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.
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The Asia Pacific to Emerge as a Dominant Market
The report classifies the market based on regional demographics into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, Asia Pacific will witness the highest product demand due to the rapidly rising industrialization. Improving industrial facilities and high investment in the betterment of existing industrial infrastructures will aid the growth of the market in this region. The exceptional demand for chillers in densely populated countries such as China and India will create several growth opportunities for the companies operating in this region. As of 2018, the market in the Asia Pacific was valued at USD 4.84 Bn.
Market Segmentation Of Global Chillers Market
1. By Type
2. By Application
3. By Geography
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Table of Contents –
1.Introduction1.1.Definition, By Segment1.2.Research Approach1.3.Sources2.Executive Summary3.Market Dynamics3.1.Drivers, Restraints and Opportunities3.2.Emerging Trends4.Key Insights4.1.Macro and Micro Economic Indicators4.2.Key Technological Developments4.3.Consolidated SWOT Analysis of Key Players5.Global Chillers Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Sizing Estimations and Forecasts By Type (Value)5.2.1.Screw Chillers5.2.2.Scroll Chillers5.2.3.Centrifugal Chillers5.2.4.Others5.3.Market Sizing Estimations and Forecasts By Application (Value)5.3.1.Chemicals and Petrochemicals5.3.2.Food and Beverages5.3.3.Plastics5.3.4.Rubber5.3.5.Medical and Others5.4.Market Analysis, Insights and Forecast By Geography (Value)5.4.1.North America5.4.2.Europe5.4.3.Asia Pacific5.4.4.Middle East and Africa5.4.5.Latin America6.North America Chillers Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Sizing Estimations and Forecasts By Type (Value)6.2.1.Screw Chillers6.2.2.Scroll Chillers6.2.3.Centrifugal Chillers6.2.4.Others6.3.Market Sizing Estimations and Forecasts By Application (Value)6.3.1.Chemicals and Petrochemicals6.3.2.Food and Beverages6.3.3.Plastics6.3.4.Rubber6.3.5.Medical and Others6.4.Market Analysis, Insights and Forecast By Country (Value)6.4.1.United States6.4.2.Canada7.Europe Chillers Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Market Sizing Estimations and Forecasts By Type (Value)7.2.1.Screw Chillers7.2.2.Scroll Chillers7.2.3.Centrifugal Chillers7.2.4.Others7.3.Market Sizing Estimations and Forecasts By Application (Value)7.3.1.Chemicals and Petrochemicals7.3.2.Food and Beverages7.3.3.Plastics7.3.4.Rubber7.3.5.Medical and Others7.4.Market Analysis, Insights and Forecast By Country (Value)7.4.1.UK7.4.2.Germany7.4.3.France7.4.4.Italy7.4.5.Rest of Europe8.Asia Pacific Chillers Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary8.2.Market Sizing Estimations and Forecasts By Type (Value)8.2.1.Screw Chillers8.2.2.Scroll Chillers8.2.3.Centrifugal Chillers8.2.4.Others8.3.Market Sizing Estimations and Forecasts By Application (Value)8.3.1.Chemicals and Petrochemicals8.3.2.Food and Beverages8.3.3.Plastics8.3.4.Rubber8.3.5.Medical and Others8.4.Market Analysis, Insights and Forecast By Country (Value)8.4.1.China8.4.2.Japan8.4.3.India8.4.4.Southeast Asia8.4.5.Rest of Asia Pacific
Continued…!!!
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