Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, Reciprocating), End-use industry (Plastic, Chemical & Petrochemical, Rubber, Food & Beverage, Medical & Pharmaceutical), and Region - Global Forecast to 2022

  • ID: 4410973
  • Report
  • 130 pages
  • Markets and Markets
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Market Size for Chillers is Projected to Reach USD 11.33 Billion by 2022

FEATURED COMPANIES

  • Airedale Air Conditioning
  • BV Thermal Systems
  • Cold Shot Chillers
  • Dunham Bush
  • Midea Group Co., Ltd.
  • Smardt Chiller Group Inc.
  • MORE

Increasing process cooling applications in end-use industries are driving the market for chillers globally
The market size for chillers is projected to reach USD 11.33 billion by 2022, at a CAGR of 4.4% during the forecast period. Chillers are used in various process cooling applications in various industries. The chillers market is spread across a wide range of end-use industries such as chemical & petrochemical, plastic, rubber, food & beverage, and medical & pharmaceutical. Therefore, the market is expected to grow due to the growth in other related industries in the coming years. A slow growth rate in mature markets such as North America and Europe is the major restraint for the chillers market.

Chemical & petrochemical industry is projected to be the fastest-growing end-use industry of the chillers market during forecast period (2017-2022)
The chemical & petrochemical industry is projected to grow at the highest CAGR between 2017 and 2022. The high growth is attributed to the growing demand for chemical and petrochemical products and increased government measures on energy efficiency, which are driving the demand for chillers. The plastic industry is projected to account for the largest market share among all end-use industries, in terms of value during the forecast period.

Rising demand from emerging countries of Asia Pacific is a major driver for the chillers market

Asia Pacific is projected to be the fastest-growing market for chillers in terms of value during the forecast period. China and India are the two major markets for chillers in the Asia Pacific. The Chinese plastic industry has the largest share in the Asia Pacific, resulting in an increased growth of the market. Also, high demand for chillers in solar cooling applications, and growing end-use industries are expected to drive the demand for chillers in both, China and India.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below.

  •  By Company Type: Tier 1 – 71%, Tier 2 – 23%, and Others – 6%
  •  By Designation: C level – 48%, Director Level – 31%, and Others – 21%
  •  By Region: North America – 18%, Europe – 38%, Asia Pacific – 17%, Middle East & Africa – 20%, and South America – 7%

The key companies profiled in this market research report are DAIKIN INDUSTRIES, Ltd. (Japan), Carrier Corporation (US), Trane (Ireland), Johnson Controls-Hitachi air Conditioning (Japan), Smardt Chillers Group Inc. (Canada), GEA Group (Germany), Thermax Limited (India), Dunham Bush (US), Broad Group (China), Midea Group Co. Ltd. (China), JIANGSU SHUANGLIANG ECO-ENERGY CO.LTD. (China), PolyScience (US), Climaveneta S.p.A. (Italy), Airedale Air Conditioning (UK), Bluebox (Italy), SKM Air Conditioning (UAE), Thermionics Corporation (US), Thermal Care, Inc. (US), and Kaltra Innovativtechnik GmbH (Germany).

Research Coverage
The market is segmented based on type, end-use industry, and region. This report covers the chillers market, in terms of value and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the global chillers market.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the chillers market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the competitors and gain more insights to improve their positions in their businesses. The competitive landscape section includes new product developments, expansions, agreements & contracts, partnerships, acquisitions, and joint ventures.

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FEATURED COMPANIES

  • Airedale Air Conditioning
  • BV Thermal Systems
  • Cold Shot Chillers
  • Dunham Bush
  • Midea Group Co., Ltd.
  • Smardt Chiller Group Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Chillers Market
4.2 Chillers Market, By End-Use Industry
4.3 Chillers Market in Asia-Pacific, By Type and Country, 2016
4.4 Chillers Market, By Type, 2017–2022 (USD Million)
4.5 Chillers Market Size, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Process Cooling in Industrial Applications
5.2.1.2 Rising Demand for Chillers From Developing Markets of Asia-Pacific
5.2.1.3 Growing Usage of Chillers in Solar Cooling Applications
5.2.2 Restraints
5.2.2.1 Slow Growth of Chillers Market in Europe and North America
5.2.3 Opportunities
5.2.3.1 Emerging Demand for Absorption Chillers
5.2.4 Challenges
5.2.4.1 Regulations Pertaining to Fluorinated Greenhouse Gases
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Supplier
5.3.5 Intensity of Competitive Rivalry
5.4 Chillers Chilling Medium
5.4.1 Flurocarbon
5.4.1.1 Chlorofluorocarbons (CFC)
5.4.1.2 Hydrofluorocarbon
5.4.2 Inorganic Compounds
5.4.3 Ammonia
5.4.4 Freon

6 Chillers Market, By Capacity Range
6.1 Introduction

7 Chillers Market, By Type
7.1 Introduction
7.2 Scroll Chillers
7.2.1 Water-Cooled Scroll Chillers
7.2.2 Air-Cooled Scroll Chillers
7.3 Screw Chillers
7.3.1 Water-Cooled Screw Chillers
7.3.2 Air-Cooled Screw Chillers
7.4 Centrifugal Chillers
7.4.1 Centrifugal Water-Cooled Chillers
7.4.2 Centrifugal Air-Cooled Chiller
7.5 Reciprocating Chillers
7.5.1 Water-Cooled Reciprocating Chillers
7.5.2 Air-Cooled Reciprocating Chillers
7.6 Absorption Chillers
7.6.1 Steam Absorption Chillers
7.6.2 Hot Water Absorption Chillers
7.6.3 Direct Fired Absorption Chillers

8 Chillers Market, By End-Use Industry
8.1 Introduction
8.2 Plastics
8.3 Food & Beverage
8.4 Chemicals & Petrochemicals
8.5 Rubber
8.6 Medical & Pharmaceutical
8.7 Others

9 Chillers Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 U.K.
9.3.4 Italy
9.3.5 Russia
9.3.6 Turkey
9.3.7 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Thailand
9.4.6 Indonesia
9.4.7 Taiwan
9.4.8 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 UAE
9.5.3 Qatar
9.5.4 South Africa
9.5.5 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Rest of South America

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking of Key Players

11 Company Profile
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
11.1 Daikin Industries, Ltd.
11.2 Carrier Corporation
11.3 Trane
11.4 Johnson Controls – Hitachi Air Conditioning
11.5 Smardt Chiller Group Inc.
11.6 Broad Group
11.7 Dunham Bush
11.8 GEA Group
11.9 Midea Group Co., Ltd.
11.10 Thermax Limited
*Details Might Not Be Captured in Case of Unlisted Companies
11.11 Other Companies
11.11.1 Advantage Engineering, Inc.
11.11.2 Airedale Air Conditioning
11.11.3 Bluebox
11.11.4 BV Thermal Systems
11.11.5 Climaveneta S.P.A.
11.11.6 Cold Shot Chillers
11.11.7 Drake Refrigeration Inc.
11.11.8 Kaltra Innovativtechnik GmbH
11.11.9 Lennox Emea
11.11.10 Polyscience
11.11.11 Shuangliang Eco-Energy Systems Co., Ltd.
11.11.12 SKM Air Conditioning LLC
11.11.13 Tandem Chillers Inc.
11.11.14 Thermonics Corporation
11.11.15 Thermal Care, Inc.

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Related Reports
12.6 Author Details

List of Tables 

Table 1 Chillers Market Size, By Capacity Range (Kw Million), 2017-2022
Table 2 Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 3 Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 4 Chillers Market Size, By Region, 2015–2022 (USD Million)
Table 5 North America: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 6 North America: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 7 North America: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 8 U.S.: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 9 U.S.: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 10 Canada: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 11 Canada: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 12 Mexico: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 13 Mexico: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 14 Europe: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 15 Europe: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 16 Europe: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 17 Germany: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 18 Germany: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 19 France: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 20 France: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 21 U.K.: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 22 U.K.: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 23 Italy: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 24 Italy: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 25 Russia: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 26 Russia: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 27 Turkey: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 28 Turkey: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 29 Rest of Europe: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 30 Rest of Europe: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 31 Asia-Pacific: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 32 Asia-Pacific: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 33 Asia-Pacific: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 34 China: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 35 China: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 36 Japan: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 37 Japan: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 38 India: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 39 India: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 South Korea: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 41 South Korea: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 42 Thailand: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 43 Thailand: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 44 Indonesia: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 45 Indonesia: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 46 Taiwan: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 47 Taiwan: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 48 Rest of Asia-Pacific: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 49 Rest of Asia-Pacific: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 50 Middle East & Africa: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 51 Middle East & Africa: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 52 Middle East & Africa: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 53 Saudi Arabia: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 54 Saudi Arabia: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 55 UAE: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 56 UAE: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 57 Qatar: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 58 Qatar: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 South Africa: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 60 South Africa: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Rest of Middle East & Africa: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 62 Rest of Middle East & Africa: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 63 South America Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 64 South America: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 65 South America: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 66 Brazil: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 67 Brazil: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 68 Rest of South America: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 69 Rest of South America: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)

List of Figures

Figure 1 Chillers Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Plastics is the Largest End-Use Industry of Chillers, in Terms of Value
Figure 6 Scroll Chillers Expected Dominate Overall During Forecast Period
Figure 7 Asia-Pacific Expected to Dominate Chillers Market During Forecast Period
Figure 8 Chillers Market Size, By Country, 2016
Figure 9 Chillers Market Share, By Region, 2016.
Figure 10 Emerging Economies Offer Lucrative Opportunities in the Chillers Market
Figure 11 Chemicals & Petrochemicals Expected to Be Fastest-Growing End-Use Industry Between 2017 and 2022
Figure 12 China to Be the Largest Market in Asia-Pacific
Figure 13 Absorption Chillers Estimated to Witness Highest Growth
Figure 14 China Expected to Be Largest Country Between 2017 and 2022
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the Chillers Market
Figure 16 Porter’s Five Forces Analysis: Chillers Market
Figure 17 Chillers Market, By Capacity Range
Figure 18 Chillers Market, By Type
Figure 19 Scroll Chillers Account for Largest Market Size
Figure 20 Chemicals & Petrochemicals is Fastest-Growing End-Use Industry in Chillers Market
Figure 21 India, China, Saudi Arabia, and Japan are Emerging Markets for Chillers
Figure 22 North America Snapshot: U.S. is the Biggest Market in North America
Figure 23 Europe Market Snapshot: Italy Expected to Lead the Market for Chillers
Figure 24 Asia-Pacific Snapshot: China Expected to Lead the Market for Chillers
Figure 25 Saudi Arabia is Largest Market for Chillers in Middle East & Africa
Figure 26 Brazil is the Largest Market for Chillers in South America
Figure 27 Chillers Market Ranking
Figure 28 Daikin Industries, Ltd.: Company Snapshot
Figure 29 GEA Group: Company Snapshot
Figure 30 Midea Group Co., Ltd: Company Snapshot
Figure 31 Thermax Limited: Company Snapshot

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  • Advantage Engineering, Inc.
  • Airedale Air Conditioning
  • BV Thermal Systems
  • Bluebox
  • Broad Group
  • Carrier Corporation
  • Climaveneta S.P.A.
  • Cold Shot Chillers
  • Daikin Industries, Ltd.
  • Drake Refrigeration Inc.
  • Dunham Bush
  • GEA Group
  • Johnson Controls – Hitachi Air Conditioning
  • Kaltra Innovativtechnik GmbH
  • Lennox Emea
  • Midea Group Co., Ltd.
  • Polyscience
  • SKM Air Conditioning LLC
  • Shuangliang Eco-Energy Systems Co., Ltd.
  • Smardt Chiller Group Inc.
  • Tandem Chillers Inc.
  • Thermal Care, Inc.
  • Thermax Limited
  • Thermonics Corporation
  • Trane
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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