Quick Summary:
In the ever-evolving HVAC Chillers industry, market intelligence is key to sustained growth and competitive advantage. Against this backdrop, the comprehensive Global HVAC Chillers Market Report 2022 provides a wealth of insights that empower strategic decision-making to capitalize on present and future market developments.
Detailed within, the report delivers projections on the market's potential growth, estimated to reach a staggering US$16.4 billion by 2030. It delves into sector-specific growth trends, with the Screw Chillers segment projected to reach US$5.6 billion by 2030. Furthermore, it offers geographic insights, highlighting the potential of the US and China markets which are estimated at US $2.9 billion and forecasted to reach US$3.7 billion respectively. With an extensive list of competitors featured, businesses can gauge their market standing against a global backdrop. Discover the future of the HVAC Chillers industry today, access the key to your business's future success.
Global HVAC Chillers Market to Reach $16.4 Billion by 2030
The global market for HVAC Chillers estimated at US$10.9 Billion in the year 2022, is projected to reach a revised size of US$16.4 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030. Screw Chillers, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$5.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Scroll Chillers segment is readjusted to a revised 5.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 8% CAGR
The HVAC Chillers market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.Select Competitors (Total 42 Featured) -
- Airedale International Air Conditioning Ltd.
- Daikin Industries Ltd.
- Ingersoll-Rand PLC
- Jiangsu Shuangliang Eco-Energy Co. Ltd.
- Johnson Controls International PLC
- LG Electronics Inc.
- Mitsubishi Electric Corporation
- Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.
- United Technologies Corporation (UTC)
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for HVAC Chillers?
What is the growth rate of the Global Market for HVAC Chillers?
What is the forecasted size of the Global Market for HVAC Chillers?
Who are the key companies in the Global Market for HVAC Chillers?
Report Attribute | Details |
---|---|
No. of Pages | 294 |
Published | September 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 10.9 Billion |
Forecasted Market Value ( USD | $ 16.4 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Airedale International Air Conditioning Ltd.
- Daikin Industries Ltd.
- Ingersoll-Rand PLC
- Jiangsu Shuangliang Eco-Energy Co. Ltd.
- Johnson Controls International PLC
- LG Electronics Inc.
- Mitsubishi Electric Corporation
- Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.
- United Technologies Corporation (UTC)