Chiller Market by Type (Screw, Scroll, Centrifugal, Absorption, and Reciprocating Chillers) and End User (Chemicals & Petrochemicals, Food & Beverages, Plastics, Rubber, and Medical & Others)

  • ID: 4176085
  • Report
  • 138 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Carrier Corporation
  • Climaveneta S.P.A.
  • Daikin Industries Ltd.
  • Hitachi Appliances Inc.
  • Johnson Controls
  • Polyscience
  • MORE
Chillers are extensively used in industries such as plastic, chemical & petrochemical, rubber and others. In the medical industry, cooling down of hospital magnetic resonance imaging (MRI) units is amongst major applications of chillers. Moreover, these are increasingly being used in the food & beverage industry to maintain the temperature of production equipment and storage environment. Market players provide chillers of various sizes and cooling capabilities to meet the requirements of customers. In the commercial sector, offices, hotels, and hospitals exhibit increasing demand for various types of chillers. In addition, hectic lifestyle of consumers has increased the adoption of frozen foods, which has supplemented the demand for chillers by the food processing industry.

Increase in demand for energy-efficient cooling solutions across industries such as plastic, chemical & petrochemical, rubber & others drives the global chiller market. However, high cost associated with electricity restraints the market growth. Technological advancements are expected to create potential business opportunities for the industry in the near future.

The global chiller market is segmented based on type, end user, and geography. The type segment includes screw, scroll, centrifugal, absorption, and reciprocating chillers. The end user segment comprises industries such as chemicals & petrochemicals, food & beverages, plastics, rubber, and medical & others. Geographically, the market is classified into North America, Europe, Asia-Pacific, and LAMEA. Scroll chiller has gained widespread popularity in the market owing to its extensive usage in wide application areas. The absorption chiller segment is expected to report a relatively faster growth, owing to its low maintenance and manufacturing cost, which have increased its penetration among consumers.

The players profiled in the report are Daikin Industries Ltd., Johnson Controls, Trane Inc., Carrier Corporation, Smartd Chiller Group Inc., Thermax Ltd., Hitachi Appliances Inc., Climaveneta S.P.A., Polyscience, and Dimplex Thermal Solutions.

Other players included in the value chain are Thermal Care Inc., BV Thermal Systems, Temptek Inc., Advantage Engineering Inc., Broad Air Conditioning Co. Ltd., Hyundai Climate Control Co., Ltd., Robur Group, Yazaki Corporation, and Kawasaki Thermal Eng. Co. Ltd.

POTENTIAL BENEFITS FOR STAKEHOLDERS

A comprehensive analysis of the current and future market trends in the global chiller market to identify the potential investment pockets is discussed.
The report provides impact analysis of key market growth drivers, restraints, and opportunities.
Quantitative analysis of the market from 2014 to 2022 is provided to showcase the financial scenario and chiller industry growth.
Porter’s Five Forces model illustrates the potency of the buyers & suppliers who participate in the market.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carrier Corporation
  • Climaveneta S.P.A.
  • Daikin Industries Ltd.
  • Hitachi Appliances Inc.
  • Johnson Controls
  • Polyscience
  • MORE
Chapter 1 Introduction

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models

Chapter 2 Executive Summary

2.1. CXO Perspective

Chapter 3 Market Overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets

3.3. Porters Five Forces Analysis

3.3.1. High Bargaining Power Of Buyers
3.3.2. Moderate Bargaining Power Of Suppliers
3.3.3. Low Threat Of Substitution
3.3.4. Low Threat Of New Entrant
3.3.5. High Competitive Rivalry

3.4. Market Players Positioning, 2015
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Growth In Commercial & Industrial Sectors
3.5.1.2. Increased Consumption Of Frozen Foods

3.5.2. Restraint

3.5.2.1. High Electricity Cost

3.5.3. Opportunities

3.5.3.1. Technological Advancement

Chapter 4 Global Chiller Market, By Type

4.1. Overview

4.1.1. Market Size And Forecast

4.2. Scroll Chiller

4.2.1. Key Market Trends
4.2.2. Growth Factors And Opportunities
4.2.3. Market Size And Forecast

4.3. Screw Chiller

4.3.1. Key Market Trends
4.3.2. Growth Factors And Opportunities
4.3.3. Market Size And Forecast

4.4. Centrifugal Chiller

4.4.1. Key Market Trends
4.4.2. Growth Factors And Opportunities
4.4.3. Market Size And Forecast

4.5. Absorption Chiller

4.5.1. Key Market Trends
4.5.2. Growth Factors And Opportunities
4.5.3. Market Size And Forecast

4.6. Reciprocating Chiller

4.6.1. Key Market Trends
4.6.2. Growth Factors And Opportunities
4.6.3. Market Size And Forecast

Chapter 5 Chiller Market, By End User

5.1. Chemicals & Petrochemicals

5.1.1. Key Market Trends
5.1.2. Market Size And Forecast

5.2. Food & Beverages

5.2.1. Key Market Trends
5.2.2. Market Size And Forecast

5.3. Plastic

5.3.1. Key Market Trends
5.3.2. Market Size And Forecast

5.4. Rubber

5.4.1. Key Market Trends
5.4.2. Market Size And Forecast

5.5. Medical & Others

5.5.1. Key Market Trends
5.5.2. Market Size And Forecast

Chapter 6 Chiller Market, By Geography

6.1. Overview

6.1.1. Market Size And Forecast

6.2. North America

6.2.1. Key Market Trends
6.2.2. Growth Factors And Opportunities
6.2.3. Market Size And Forecast
6.2.4. U.S.

6.2.4.1. Market Size And Forecast

6.2.5. Canada

6.2.5.1. Market Size And Forecast

6.2.6. Mexico

6.2.6.1. Market Size And Forecast

6.3. Europe

6.3.1. Key Market Trends
6.3.2. Growth Factors And Opportunities
6.3.3. Market Size And Forecast
6.3.4. Uk

6.3.4.1. Market Size And Forecast

6.3.5. Germany

6.3.5.1. Market Size And Forecast

6.3.6. Italy

6.3.6.1. Market Size And Forecast

6.3.7. Rest Of Europe

6.3.7.1. Market Size And Forecast

6.4. Asia-Pacific

6.4.1. Key Market Trends
6.4.2. Growth Factors And Opportunities
6.4.3. Market Size And Forecast
6.4.4. China

6.4.4.1. Market Size And Forecast

6.4.5. Japan

6.4.5.1. Market Size And Forecast

6.4.6. India

6.4.6.1. Market Size And Forecast

6.4.7. Rest Of Asia-Pacific

6.4.7.1. Market Size And Forecast

6.5. Lamea

6.5.1. Key Market Trends
6.5.2. Growth Factors And Opportunities
6.5.3. Market Size And Forecast
6.5.4. Brazil

6.5.4.1. Market Size And Forecast

6.5.5. Africa

6.5.5.1. Market Size And Forecast

6.5.6. Rest Of Lamea

6.5.6.1. Market Size And Forecast

Chapter 7 Related Industry Insights

7.1. Absorption Chiller Market

7.1.1. Overview

7.2. Microwave Oven Market

7.2.1. Overview

Chapter 8 Company Profiles

8.1. Climaveneta S.P.A.

8.1.1. Company Overview
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.1.4. Key Strategic Moves And Developments

8.2. Carrier Corporation

8.2.1. Company Overview
8.2.2. Operating Business Segments
8.2.3. Business Performance
8.2.4 Key Strategic Moves And Developments

8.3. Trane Inc.

8.3.1. Company Overview
8.3.2. Operating Business Segments
8.3.3. Business Performance
8.3.4. Key Strategic Moves And Developments

8.4. Daikin Industries Ltd.

8.4.1. Company Overview
8.4.2. Operating Business Segments
8.4.3. Business Performance
8.4.4. Key Strategic Moves And Developments

8.5. Johnson Controls

8.5.1. Company Overview
8.5.2. Operating Business Segments
8.5.3. Business Performance
8.5.4. Key Strategic Moves And Developments

8.6. Smartd Chiller Group Inc.

8.6.1. Company Overview
8.6.2. Operating Business Segments
8.6.3. Business Performance
8.6.4. Key Strategic Moves And Developments

8.7. Thermax Ltd.

8.7.1. Company Overview
8.7.2. Operating Business Segments
8.7.3. Business Performance
8.7.4. Key Strategic Moves And Developments
8.8. Hitachi Appliances Inc.
8.8.1. Company Overview
8.8.2. Operating Business Segments
8.8.3. Business Performance
8.8.4. Key Strategic Moves And Developments

8.9. Polyscience

8.9.1. Company Overview
8.9.2. Operating Business Segments
8.9.3. Business Performance
8.9.4. Key Strategic Moves And Developments

8.10. Dimplex Thermal Solutions

8.10.1. Company Overview
8.10.2. Operating Business Segments
8.10.3. Business Performance
8.10.4. Key Strategic Moves And Developments

Other Players In The Value Chain Include

Thermal Care Inc.
Bv Thermal Systems
Temptek Inc.
Advantage Engineering Inc.
Broad Air Conditioning Co. Ltd.
Hyundai Climate Control Co., Ltd.
Robur Group
Yazaki Corporation
Kawasaki Thermal Eng. Co. Ltd.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carrier Corporation
  • Climaveneta S.P.A.
  • Daikin Industries Ltd.
  • Hitachi Appliances Inc.
  • Johnson Controls
  • Polyscience
  • MORE
Chiller Market Report, forecasts that 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.
Plastic industry accounted for the largest market share of around 27% in 2015, whereas the chemicals & petrochemicals industry segment is projected to grow at the highest CAGR of 5.4% during (2016 2022). Food & beverages industry is amongst other major end users of chillers. In the industry, chillers are increasingly being used in food & beverage processing plants including dairy processing plants, bakeries, breweries & microbreweries and other application areas.

KEY FINDINGS OF THE CHILLER MARKET STUDY

Absorption chiller is expected to grow at the highest CAGR of 6.1% from 2016 to 2022.
Asia-Pacific is projected to maintain its lead position, growing at a CAGR of 4.7% during the forecast period.
The screw chiller segment occupied around 28% of the total chiller market size in 2015.
U.S. accounted for around 68% share of the total North American chiller market revenue in 2015.
Plastic industry was the highest revenue-generating segment by end user in 2015, while chemicals & petrochemicals industry is anticipated to grow at the highest CAGR.
In 2015, Asia-Pacific and Europe collectively accounted for over two-thirds of the total chiller market size, and are expected to continue this trend, owing to growth in industrial and commercial sector.

The major companies profiled in the report include Daikin Industries Ltd., Johnson Controls, Trane Inc., Carrier Corporation, Smartd Chiller Group Inc., Thermax Ltd., Hitachi Appliances Inc., Climaveneta S.P.A., Polyscience, and Dimplex Thermal Solutions.
Note: Product cover images may vary from those shown
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  • Daikin Industries Ltd.
  • Johnson Controls
  • Trane Inc.
  • Carrier Corporation
  • Smartd Chiller Group Inc.
  • Thermax Ltd.
  • Hitachi Appliances Inc.
  • Climaveneta S.P.A.
  • Polyscience
  • Dimplex Thermal Solutions.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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