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Asia-Pacific Chiller Market by Type, by End-User, by Countries Market Size, Share, Development, Growth and Demand Forecast, 2014-2024

  • ID: 4770563
  • Report
  • Region: Asia Pacific
  • 105 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Ingersoll-Rand plc
  • Midea Group Co. Ltd.
  • Multistack LLC
  • Smardt Chiller Group Inc.
  • Thermal Care Inc.
  • MORE
According to this research, the Asia-Pacific (APAC) chiller market is expected to reach $4.9 billion by 2024, advancing at a CAGR of 5.4% during the forecast period (2019-2024). The market is progressing due to the increasing infrastructure spending and overall growth in the construction and food and beverages sectors. Furthermore, the rising number of IT hubs is boosting the growth of the market year-over-year (YoY) in the region.

Based on end user, the APAC chiller market is classified into industrial, commercial, and residential. The commercial category is further divided into hospitality, supermarkets/hypermarkets, commercial offices/buildings, transportation, government, and healthcare, of which, in 2018, the transportation division held the largest revenue share in the market followed by hospitality, and ‘others’.

On the basis of chiller type, the APAC chiller market is categorized into centrifugal, absorption, screw, scroll, and reciprocating. The absorption category is further divided into hot water, steam, and direct fired. Out of these, steam chillers are increasingly being used in the manufacturing sector, where waste heat is produced. This waste heat is used to run the vibration and noise-free steam chillers. But, hot water chillers are also becoming popular, owing to the increasing utilization of these chillers in conjunction with renewable energy sources (such as solar energy). Countries such as India are providing subsidies for the use of solar energy, which has been rapidly increasing the sales of hot water chillers in the industrial space.

Further, China and Japan are home to a large number of transportation facilities, such as airports and railway systems. Till 2018, China had 234 civil airports, while India and Japan were home to 126 and 97 airports, respectively. Furthermore, in 2017, China built more than 439 mi of metro lines, whereas in 2018 India built 137 mi of urban railway lines. China is planning to build more than 74 airports by the end of 2020, while India is predicted to build more than 100 new airports in the coming 10-15 years. Due to the rising number of metro lines along with airports being constructed, the APAC chiller market is predicted to progress steadily during the forecast period.

The hotel construction pipeline in APAC accounts for 4,590 hotels with 915,469 rooms. The increasing number of hotels can be ascribed to surging tourism activities in countries such as Japan, Thailand, India, China, Vietnam, and Indonesia. This is fueling the demand for chillers in the hospitality industry, thereby resulting in the growth of the APAC chiller market. Furthermore, the demand for chillers is expected to rise in Japan because of upcoming events, such as Summer Olympics 2020 in Tokyo. Japan is witnessing the construction of several hotels and stadiums, aimed at catering to the events to be held during the Olympics and the large number of people expected to arrive from across the world.

Asia-Pacific Chiller Market Segmentation

Market Segmentation by Chiller Type
  • Screw
  • Water-Cooled
  • Air-Cooled
  • Scroll
  • Water-Cooled
  • Air-Cooled
  • Absorption
  • Steam
  • Hot Water
  • Direct-Fired
  • Centrifugal
  • Reciprocating
  • Water-Cooled
  • Air-Cooled
Market Segmentation by End-User
  • Commercial
  • Transportation
  • Hospitality
  • Healthcare
  • Supermarket/Hypermarket
  • Offices and buildings
  • Government
  • Others
  • Industrial
  • Chemical
  • Food and Beverage
  • Pharmaceutical
  • Automotive
  • Energy and Utilities
  • Oil and Gas
  • Others
  • Residential
Market Segmentation by Country
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
  • Sri Lanka
  • Bangladesh
  • Bhutan
  • Rest of APAC
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Ingersoll-Rand plc
  • Midea Group Co. Ltd.
  • Multistack LLC
  • Smardt Chiller Group Inc.
  • Thermal Care Inc.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by End-User
1.3.3 Market Segmentation by Country
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By country
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Centrifugal
4.1.1.2 Screw
4.1.1.3 Scroll
4.1.1.4 Absorption
4.1.1.4.1 Steam absorption chiller
4.1.1.4.2 Hot-water absorption chiller
4.1.1.4.3 Direct-fired absorption chiller
4.1.1.5 Reciprocating
4.1.2 By End-User
4.1.2.1 Commercial
4.1.2.1.1 Transportation
4.1.2.1.2 Hospitality
4.1.2.1.3 Healthcare
4.1.2.1.4 Supermarket/Hypermarket
4.1.2.1.5 Offices and buildings
4.1.2.1.6 Government
4.1.2.1.7 Others
4.1.2.2 Industrial
4.1.2.2.1 Chemical
4.1.2.2.2 Food and Beverage
4.1.2.2.3 Pharmaceutical
4.1.2.2.4 Automotive
4.1.2.2.5 Energy and Utilities
4.1.2.2.6 Oil and Gas
4.1.2.2.7 Others
4.1.2.3 Residential
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trend
4.3.1.1 Growing popularity of absorption chiller
4.3.2 Drivers
4.3.2.1 Rising chemical industry in APAC
4.3.2.2 Increasing infrastructure spending in APAC
4.3.2.3 Growing food and beverage industry
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraint
4.3.3.1 Emergence of Variable Refrigerant Flow (VRF) technology
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing demand for energy-efficient cooling systems
4.3.4.2 Increasing popularity of smart connected chiller
4.4 Porter’s Five Forces Analysis

Chapter 5. APAC Market Size and Forecast
5.1 By Type
5.1.1 Screw Chiller, by Type
5.1.2 Scroll Chiller, by Type
5.1.3 Reciprocating Chiller, by Type
5.1.4 Absorption Chiller by Type
5.2 By End-User
5.2.1 Commercial Chiller Market, by Type
5.2.2 Industrial Chiller Market, by Type
5.3 By Country

Chapter 6. Competitive Landscape
6.1 Ranking of Key Players
6.2 Competitive Benchmarking of Key Players
6.3 List of Key Players
6.4 Recent Activities of Major Players
6.5 Strategic Developments of Key Players
6.5.1 Mergers and Acquisitions
6.5.2 Product Launches
6.5.3 Facility Expansion
6.5.4 Geographic Expansion
6.5.5 Client Win
6.5.6 Other Developments

Chapter 7. Company Profiles
7.1 Smardt Chiller Group Inc.
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.2 Multistack LLC
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.3 Thermax Limited
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.3.3 Key Financial Summary
7.4 Thermal Care Inc.
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 Johnson Controls International PLC
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.5.3 Key Financial Summary
7.5.4 SWOT Analysis
7.6 Ingersoll-Rand plc
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.6.3 Key Financial Summary
7.6.4 SWOT Analysis
7.7 United Technologies Corporation
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.7.3 Key Financial Summary
7.7.4 SWOT Analysis
7.8 Daikin Industries Ltd.
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.8.3 Key Financial Summary
7.8.4 SWOT Analysis
7.9 Midea Group Co. Ltd.
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.9.3 Key Financial Summary
7.9.4 SWOT Analysis
7.10 Mitsubishi Electric Corporation
7.10.1 Business Overview
7.10.2 Product and Service Offerings
7.10.3 Key Financial Summary
7.10.4 SWOT Analysis

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 APAC CHILLER MARKET, BY TYPE, $M (2014-2018)
TABLE 5 APAC CHILLER MARKET, BY TYPE, $M (2019-2024)
TABLE 6 APAC SCREW CHILLER MARKET, BY TYPE, $M (2014 - 2018)
TABLE 7 APAC SCREW CHILLER MARKET, BY TYPE, $M (2019 - 2024)
TABLE 8 APAC SCROLL CHILLER MARKET, BY TYPE, $M (2014 - 2018)
TABLE 9 APAC SCROLL CHILLER MARKET, BY TYPE, $M (2019 - 2024)
TABLE 10 APAC RECIPROCATING CHILLER MARKET, BY TYPE, $M (2014 - 2018)
TABLE 11 APAC RECIPROCATING CHILLER MARKET, BY TYPE, $M (2019 - 2024)
TABLE 12 APAC ABSORPTION CHILLER MARKET, BY TYPE, $M (2014 - 2018)
TABLE 13 APAC ABSORPTION CHILLER MARKET, BY TYPE, $M (2019 - 2024)
TABLE 14 APAC CHILLER MARKET, BY END-USER, $M (2014 - 2018)
TABLE 15 APAC CHILLER MARKET, BY END-USER, $M (2019 - 2024)
TABLE 16 APAC COMMERCIAL CHILLER MARKET, BY TYPE, $M (2014 - 2018)
TABLE 17 APAC COMMERCIAL CHILLER MARKET, BY TYPE, $M (2014 - 2018)
TABLE 18 APAC INDUSTRIAL CHILLER MARKET, BY TYPE, $M (2014 - 2018)
TABLE 19 APAC INDUSTRIAL CHILLER MARKET, BY TYPE, $M (2019 - 2024)
TABLE 20 APAC CHILLER MARKET, BY COUNTRY, $M (2014 - 2018)
TABLE 21 APAC CHILLER MARKET, BY END-USER, $M (2019 - 2024)
TABLE 22 LIST OF KEY PLAYERS
TABLE 23 SMARDT CHILLER GROUP INC. - AT A GLANCE
TABLE 24 MULTISTACK LLC - AT A GLANCE
TABLE 25 THERMAX LIMITED - AT A GLANCE
TABLE 26 THERMAX LIMITED - KEY FINANCIAL SUMMARY
TABLE 27 THERMAL CARE INC.- AT A GLANCE
TABLE 28 JOHNSON CONTROLS INTERNATIONAL PLC - AT A GLANCE
TABLE 29 JOHNSON CONTROLS INTERNATIONAL PLC - KEY FINANCIAL SUMMARY
TABLE 30 INGERSOLL-RAND PLC- AT A GLANCE
TABLE 31 INGERSOLL-RAND PLC - KEY FINANCIAL SUMMARY
TABLE 32 UNITED TECHNOLOGIES CORPORATION - AT A GLANCE
TABLE 33 UNITED TECHNOLOGIES CORPORATION - KEY FINANCIAL SUMMARY
TABLE 34 DAIKIN INDUSTRIES LTD. - AT A GLANCE
TABLE 35 DAIKIN INDUSTRIES LTD. - KEY FINANCIAL SUMMARY
TABLE 36 MIDEA GROUP CO. LTD. - AT A GLANCE
TABLE 37 MIDEA GROUP CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 38 MITSUBISHI ELECTRIC CORPORATION - AT A GLANCE
TABLE 39 MITSUBISHI ELECTRIC CORPORATION - KEY FINANCIAL SUMMARY

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COUNTRY
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 7 DATA TRIANGULATION APPROACH
FIG 8 APAC CHILLER MARKET SUMMARY
FIG 9 VALUE CHAIN ANALYSIS OF APAC CHILLER MARKET
FIG 10 BARGAINING POWER OF BUYERS
FIG 11 BARGAINING POWER OF SUPPLIERS
FIG 12 THREAT OF NEW ENTRANTS
FIG 13 INTENSITY OF RIVALRY
FIG 14 THREAT OF SUBSTITUTES
FIG 15 APAC CHILLER MARKET, BY TYPE, $M (2014-2024)
FIG 16 APAC SCREW CHILLER MARKET, BY TYPE, $M (2014-2024)
FIG 17 APAC SCROLL CHILLER MARKET, BY TYPE, $M (2014-2024)
FIG 18 APAC RECIPROCATING CHILLER MARKET, BY TYPE, $M (2014-2024)
FIG 19 APAC ABSORPTION CHILLER MARKET, BY TYPE, $M (2014-2024)
FIG 20 APAC CHILLER MARKET, BY END-USER, $M (2014 - 2024)
FIG 21 APAC COMMERCIAL CHILLER MARKET, BY TYPE, $M (2014-2024)
FIG 22 APAC INDUSTRIAL CHILLER MARKET, BY TYPE, $M (2014-2024)
FIG 23 APAC CHILLER MARKET, BY COUNTRY, $M (2014 - 2024)
FIG 24 APAC CHILLER MARKET PLAYERS’ RANKING (2018)
FIG 25 RECENT ACTIVITIES OF MAJOR PLAYERS
FIG 26 THERMAX LIMITED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 27 JOHNSON CONTROLS INTERNATIONAL PLC - REVENUE SPLIT BY SEGMENT (2018)
FIG 28 INGERSOLL-RAND PLC - REVENUE SPLIT BY GEOGRAPHY AND SEGMENT (2017)
FIG 29 UNITED TECHNOLOGIES CORPORATION - REVENUE SPLIT BY GEOGRAPHY AND SEGMENT (2017)
FIG 30 DAIKIN INDUSTRIES LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 31 MIDEA GROUP CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2017)
FIG 32 MITSUBISHI ELECTRIC CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
Note: Product cover images may vary from those shown
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  • Smardt Chiller Group Inc.
  • Multistack LLC
  • Thermax Limited
  • Thermal Care Inc.
  • Johnson Controls International PLC
  • Ingersoll-Rand plc
  • United Technologies Corporation
  • Daikin Industries Ltd.
  • Midea Group Co. Ltd.
  • Mitsubishi Electric Corporation
Note: Product cover images may vary from those shown
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