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HVAC Chillers Market By Operation Type, By Condenser Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 232 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713001
The global HVAC chillers market size was valued at $9,512.9 million in 2021, and is projected to reach $15,039.7 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.

The HVAC chiller (cooling water circulation device) is a general term for a device that controls the temperature by circulating a liquid such as water or heat medium. HVAC chillers provide air conditioning by eliminating the unwanted heat from commercial and industrial buildings. The demand of HVAC chillers is increasing due to various advantages such as portability and easy maintenance. HVAC chillers are used in restaurants, hotels, kitchens and dining rooms to maintain the level of temperature.

The increase in demand for district cooling systems in many industries and high-rise buildings is expected to boost the HVAC chillers market growth. District cooling is also known as centralized generation and distribution of cooling energy, which replaces traditional air-cooling systems as it is less expensive and more energy efficient. In addition, developments in the tourism industry boosts the construction of hotels and public infrastructure where HVAC chillers can be used on a large scale. In addition, the growth of skyscrapers is expected to fuel the growth of the HVAC chillers market as these chillers are widely used in cooling and ventilation of skyscrapers.

The HVAC chillers market is segmented on the basis of operation type, condenser type, application, and region. On the basis of operation type, the market is bifurcated into vapor compression chillers and vapor absorption chillers. On the basis of condenser type, the market is divided into water cooled, air cooled and evaporative. On the basis of application, the market is classified into residential, commercial and industrial. On the basis of region, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Indonesia, Thailand, Taiwan and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

The key players that operate in the HVAC chillers market are Ab Electrolux, Airedale International Air Conditioning Ltd. Carrier Global Corporation, Daikin Industries Ltd., Honeywell International Inc., Johnson Controls International Plc, Shuangliang Eco-Energy Co.Ltd., Kaltra, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., PolyScience, Samsung Electronics Co. Ltd., Siemens AG, SKM Air Conditioning, Trane Technologies Plc, Thermal Care, Inc.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
  • Extensive analysis of the HVAC chillers market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The HVAC chillers market forecast analysis from 2022 to 2031 is included in the report.
  • The key players with in HVAC chillers market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the HVAC chillers market.

Key Market Segments

By Operation Type

  • Vapor Compression Chillers
  • Product type
  • Reciprocating
  • Centrifugal
  • Screw
  • Scroll
  • Vapor Absorption Chillers

By Condenser Type

  • Water Cooled
  • Air Cooled
  • Evaporative

By Application

  • Commercial
  • Industrial
  • Residential

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • France
  • UK
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Thailand
  • South Korea
  • Taiwan
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
  • Ab Electrolux
  • Carrier Global Corporation
  • Daikin Industries Ltd.
  • Honeywell International Inc.
  • Johnson Controls International plc
  • Shuangliang Eco-Energy Co.Ltd.
  • Kaltra
  • LG Electronics Inc.
  • Mitsubishi Electric Corp.
  • Panasonic Corporation
  • PolyScience
  • Samsung Electronics Co. Ltd.
  • Siemens AG
  • SKM Air Conditioning
  • Trane Technologies Plc
  • Thermal Care Inc.
Frequently Asked Questions about the Global HVAC Chillers Market

What is the estimated value of the Global HVAC Chillers Market?

The Global HVAC Chillers Market was estimated to be valued at $9512.9 million in 2021.

What is the growth rate of the Global HVAC Chillers Market?

The growth rate of the Global HVAC Chillers Market is 4.7%, with an estimated value of $15039.7 million by 2031.

What is the forecasted size of the Global HVAC Chillers Market?

The Global HVAC Chillers Market is estimated to be worth $15039.7 million by 2031.

Who are the key companies in the Global HVAC Chillers Market?

Key companies in the Global HVAC Chillers Market include AIREDALE INTERNATIONAL AIR CONDITIONING LTD., Ab Electrolux, Carrier Global Corporation, Daikin Industries Ltd., Honeywell International Inc., Johnson Controls International plc, Shuangliang Eco, Energy Co.Ltd. and LG Electronics Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
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. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: HVAC CHILLERS MARKET, BY OPERATION TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Vapor Compression Chillers
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.2.4 Vapor Compression Chillers HVAC Chillers Market by Product type
4.2.4.1 Reciprocating Market size and forecast, by region
4.2.4.2 Centrifugal Market size and forecast, by region
4.2.4.3 Screw Market size and forecast, by region
4.2.4.4 Scroll Market size and forecast, by region
4.3 Vapor Absorption Chillers
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: HVAC CHILLERS MARKET, BY CONDENSER TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Water Cooled
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Air Cooled
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Evaporative
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country

CHAPTER 6: HVAC CHILLERS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Residential
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Commercial
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Industrial
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country

CHAPTER 7: HVAC CHILLERS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Operation Type
7.2.2.1 North America Vapor Compression Chillers HVAC Chillers Market by Product type
7.2.3 North America Market size and forecast, by Condenser Type
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Operation Type
7.2.5.1.3 Market size and forecast, by Condenser Type
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Operation Type
7.2.5.2.3 Market size and forecast, by Condenser Type
7.2.5.2.4 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Operation Type
7.2.5.3.3 Market size and forecast, by Condenser Type
7.2.5.3.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Operation Type
7.3.2.1 Europe Vapor Compression Chillers HVAC Chillers Market by Product type
7.3.3 Europe Market size and forecast, by Condenser Type
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Operation Type
7.3.5.1.3 Market size and forecast, by Condenser Type
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 Italy
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Operation Type
7.3.5.2.3 Market size and forecast, by Condenser Type
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Operation Type
7.3.5.3.3 Market size and forecast, by Condenser Type
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 UK
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Operation Type
7.3.5.4.3 Market size and forecast, by Condenser Type
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Operation Type
7.3.5.5.3 Market size and forecast, by Condenser Type
7.3.5.5.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Operation Type
7.4.2.1 Asia-Pacific Vapor Compression Chillers HVAC Chillers Market by Product type
7.4.3 Asia-Pacific Market size and forecast, by Condenser Type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Operation Type
7.4.5.1.3 Market size and forecast, by Condenser Type
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Operation Type
7.4.5.2.3 Market size and forecast, by Condenser Type
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Operation Type
7.4.5.3.3 Market size and forecast, by Condenser Type
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 Indonesia
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Operation Type
7.4.5.4.3 Market size and forecast, by Condenser Type
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Thailand
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Operation Type
7.4.5.5.3 Market size and forecast, by Condenser Type
7.4.5.5.4 Market size and forecast, by Application
7.4.5.6 South Korea
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Operation Type
7.4.5.6.3 Market size and forecast, by Condenser Type
7.4.5.6.4 Market size and forecast, by Application
7.4.5.7 Taiwan
7.4.5.7.1 Key market trends, growth factors and opportunities
7.4.5.7.2 Market size and forecast, by Operation Type
7.4.5.7.3 Market size and forecast, by Condenser Type
7.4.5.7.4 Market size and forecast, by Application
7.4.5.8 Rest of Asia-Pacific
7.4.5.8.1 Key market trends, growth factors and opportunities
7.4.5.8.2 Market size and forecast, by Operation Type
7.4.5.8.3 Market size and forecast, by Condenser Type
7.4.5.8.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Operation Type
7.5.2.1 LAMEA Vapor Compression Chillers HVAC Chillers Market by Product type
7.5.3 LAMEA Market size and forecast, by Condenser Type
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Operation Type
7.5.5.1.3 Market size and forecast, by Condenser Type
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Operation Type
7.5.5.2.3 Market size and forecast, by Condenser Type
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Operation Type
7.5.5.3.3 Market size and forecast, by Condenser Type
7.5.5.3.4 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Ab Electrolux
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Carrier Global Corporation
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Daikin Industries Ltd.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Honeywell International Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Johnson Controls International plc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Shuangliang Eco-Energy Co. Ltd.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Kaltra
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 LG Electronics Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Mitsubishi Electric Corp.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Panasonic Corporation
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 PolyScience
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Samsung Electronics Co. Ltd.
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Siemens AG
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 SKM Air Conditioning
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Trane Technologies Plc
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Thermal Care Inc.
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments

List of Tables
Table 1. Global HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 2. HVAC Chillers Market, for Vapor Compression Chillers, by Region, 2021-2031 (Revenue, $Million)
Table 3. HVAC Chillers Market, for Vapor Compression Chillers, by Country, 2021-2031 (Revenue, $Million)
Table 4. Global Vapor Compression Chillers HVAC Chillers Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 5. HVAC Chillers Market, for Reciprocating, by Region, 2021-2031 (Revenue, $Million)
Table 6. HVAC Chillers Market, for Centrifugal, by Region, 2021-2031 (Revenue, $Million)
Table 7. HVAC Chillers Market, for Screw, by Region, 2021-2031 (Revenue, $Million)
Table 8. HVAC Chillers Market, for Scroll, by Region, 2021-2031 (Revenue, $Million)
Table 9. HVAC Chillers Market, for Vapor Absorption Chillers, by Region, 2021-2031 (Revenue, $Million)
Table 10. HVAC Chillers Market, for Vapor Absorption Chillers, by Country, 2021-2031 (Revenue, $Million)
Table 11. Global HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 12. HVAC Chillers Market, for Water Cooled, by Region, 2021-2031 (Revenue, $Million)
Table 13. HVAC Chillers Market, for Water Cooled, by Country, 2021-2031 (Revenue, $Million)
Table 14. HVAC Chillers Market, for Air Cooled, by Region, 2021-2031 (Revenue, $Million)
Table 15. HVAC Chillers Market, for Air Cooled, by Country, 2021-2031 (Revenue, $Million)
Table 16. HVAC Chillers Market, for Evaporative, by Region, 2021-2031 (Revenue, $Million)
Table 17. HVAC Chillers Market, for Evaporative, by Country, 2021-2031 (Revenue, $Million)
Table 18. Global HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 19. HVAC Chillers Market, for Residential, by Region, 2021-2031 (Revenue, $Million)
Table 20. HVAC Chillers Market, for Residential, by Country, 2021-2031 (Revenue, $Million)
Table 21. HVAC Chillers Market, for Commercial, by Region, 2021-2031 (Revenue, $Million)
Table 22. HVAC Chillers Market, for Commercial, by Country, 2021-2031 (Revenue, $Million)
Table 23. HVAC Chillers Market, for Industrial, by Region, 2021-2031 (Revenue, $Million)
Table 24. HVAC Chillers Market, for Industrial, by Country, 2021-2031 (Revenue, $Million)
Table 25. HVAC Chillers Market, by Region, 2021-2031 (Revenue, $Million)
Table 26. North America HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 27. North America Vapor Compression Chillers HVAC Chillers Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 28. North America HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 29. North America HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 30. North America HVAC Chillers Market, by Country, 2021-2031 (Revenue, $Million)
Table 31. U.S. HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 32. U.S. HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 33. U.S. HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 34. Canada HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 35. Canada HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 36. Canada HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 37. Mexico HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 38. Mexico HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 39. Mexico HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 40. Europe HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 41. Europe Vapor Compression Chillers HVAC Chillers Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 42. Europe HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 43. Europe HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. Europe HVAC Chillers Market, by Country, 2021-2031 (Revenue, $Million)
Table 45. Germany HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 46. Germany HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 47. Germany HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 48. Italy HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 49. Italy HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 50. Italy HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 51. France HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 52. France HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 53. France HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 54. UK HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 55. UK HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 56. UK HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 57. Rest of Europe HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 58. Rest of Europe HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 59. Rest of Europe HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 60. Asia-Pacific HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 61. Asia-Pacific Vapor Compression Chillers HVAC Chillers Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 62. Asia-Pacific HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 63. Asia-Pacific HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 64. Asia-Pacific HVAC Chillers Market, by Country, 2021-2031 (Revenue, $Million)
Table 65. China HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 66. China HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 67. China HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 68. India HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 69. India HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 70. India HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 71. Japan HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 72. Japan HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 73. Japan HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 74. Indonesia HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 75. Indonesia HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 76. Indonesia HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 77. Thailand HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 78. Thailand HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 79. Thailand HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 80. South Korea HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 81. South Korea HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 82. South Korea HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 83. Taiwan HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 84. Taiwan HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 85. Taiwan HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 86. Rest of Asia-Pacific HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 87. Rest of Asia-Pacific HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 88. Rest of Asia-Pacific HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 89. LAMEA HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 90. LAMEA Vapor Compression Chillers HVAC Chillers Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 91. LAMEA HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 92. LAMEA HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 93. LAMEA HVAC Chillers Market, by Country, 2021-2031 (Revenue, $Million)
Table 94. Latin America HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 95. Latin America HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 96. Latin America HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 97. Middle East HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 98. Middle East HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 99. Middle East HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 100. Africa HVAC Chillers Market, by Operation Type, 2021-2031 (Revenue, $Million)
Table 101. Africa HVAC Chillers Market, by Condenser Type, 2021-2031 (Revenue, $Million)
Table 102. Africa HVAC Chillers Market, by Application, 2021-2031 (Revenue, $Million)
Table 103. Airedale International Air Conditioning Ltd.: Company Snapshot
Table 104. Airedale International Air Conditioning Ltd.: Operating Segments
Table 105. Airedale International Air Conditioning Ltd.: Product Portfolio
Table 106. Airedale International Air Conditioning Ltd.: Net Sales
Table 107. Airedale International Air Conditioning Ltd.: Key Strategies
Table 108. Ab Electrolux: Company Snapshot
Table 109. Ab Electrolux: Operating Segments
Table 110. Ab Electrolux: Product Portfolio
Table 111. Ab Electrolux: Net Sales
Table 112. Ab Electrolux: Key Strategies
Table 113. Carrier Global Corporation: Company Snapshot
Table 114. Carrier Global Corporation: Operating Segments
Table 115. Carrier Global Corporation: Product Portfolio
Table 116. Carrier Global Corporation: Net Sales
Table 117. Carrier Global Corporation: Key Strategies
Table 118. Daikin Industries Ltd.: Company Snapshot
Table 119. Daikin Industries Ltd.: Operating Segments
Table 120. Daikin Industries Ltd.: Product Portfolio
Table 121. Daikin Industries Ltd.: Net Sales
Table 122. Daikin Industries Ltd.: Key Strategies
Table 123. Honeywell International Inc.: Company Snapshot
Table 124. Honeywell International Inc.: Operating Segments
Table 125. Honeywell International Inc.: Product Portfolio
Table 126. Honeywell International Inc.: Net Sales
Table 127. Honeywell International Inc.: Key Strategies
Table 128. Johnson Controls International PLC: Company Snapshot
Table 129. Johnson Controls International PLC: Operating Segments
Table 130. Johnson Controls International PLC: Product Portfolio
Table 131. Johnson Controls International PLC: Net Sales
Table 132. Johnson Controls International PLC: Key Strategies
Table 133. Shuangliang Eco-Energy Co. Ltd.: Company Snapshot
Table 134. Shuangliang Eco-Energy Co. Ltd.: Operating Segments
Table 135. Shuangliang Eco-Energy Co. Ltd.: Product Portfolio
Table 136. Shuangliang Eco-Energy Co. Ltd.: Net Sales
Table 137. Shuangliang Eco-Energy Co. Ltd.: Key Strategies
Table 138. Kaltra: Company Snapshot
Table 139. Kaltra: Operating Segments
Table 140. Kaltra: Product Portfolio
Table 141. Kaltra: Net Sales
Table 142. Kaltra: Key Strategies
Table 143. Lg Electronics Inc.: Company Snapshot
Table 144. Lg Electronics Inc.: Operating Segments
Table 145. Lg Electronics Inc.: Product Portfolio
Table 146. Lg Electronics Inc.: Net Sales
Table 147. Lg Electronics Inc.: Key Strategies
Table 148. Mitsubishi Electric Corp.: Company Snapshot
Table 149. Mitsubishi Electric Corp.: Operating Segments
Table 150. Mitsubishi Electric Corp.: Product Portfolio
Table 151. Mitsubishi Electric Corp.: Net Sales
Table 152. Mitsubishi Electric Corp.: Key Strategies
Table 153. Panasonic Corporation: Company Snapshot
Table 154. Panasonic Corporation: Operating Segments
Table 155. Panasonic Corporation: Product Portfolio
Table 156. Panasonic Corporation: Net Sales
Table 157. Panasonic Corporation: Key Strategies
Table 158. Polyscience: Company Snapshot
Table 159. Polyscience: Operating Segments
Table 160. Polyscience: Product Portfolio
Table 161. Polyscience: Net Sales
Table 162. Polyscience: Key Strategies
Table 163. Samsung Electronics Co. Ltd.: Company Snapshot
Table 164. Samsung Electronics Co. Ltd.: Operating Segments
Table 165. Samsung Electronics Co. Ltd.: Product Portfolio
Table 166. Samsung Electronics Co. Ltd.: Net Sales
Table 167. Samsung Electronics Co. Ltd.: Key Strategies
Table 168. Siemens AG: Company Snapshot
Table 169. Siemens AG: Operating Segments
Table 170. Siemens AG: Product Portfolio
Table 171. Siemens AG: Net Sales
Table 172. Siemens AG: Key Strategies
Table 173. Skm Air Conditioning: Company Snapshot
Table 174. Skm Air Conditioning: Operating Segments
Table 175. Skm Air Conditioning: Product Portfolio
Table 176. Skm Air Conditioning: Net Sales
Table 177. Skm Air Conditioning: Key Strategies
Table 178. Trane Technologies PLC: Company Snapshot
Table 179. Trane Technologies PLC: Operating Segments
Table 180. Trane Technologies PLC: Product Portfolio
Table 181. Trane Technologies PLC: Net Sales
Table 182. Trane Technologies PLC: Key Strategies
Table 183. Thermal Care Inc.: Company Snapshot
Table 184. Thermal Care Inc.: Operating Segments
Table 185. Thermal Care Inc.: Product Portfolio
Table 186. Thermal Care Inc.: Net Sales
Table 187. Thermal Care Inc.: Key Strategies

List of Figures
Figure 1. Hvac Chillers Market Segmentation
Figure 2. Hvac Chillers Market, 2021-2031
Figure 3. Hvac Chillers Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Hvac Chillers Mark.:Drivers, Restraints and Opportunities
Figure 12. Hvac Chillers Market, By Operation Type, 2021(%)
Figure 13. Comparative Share Analysis of Vapor Compression Chillers Hvac Chillers Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Vapor Absorption Chillers Hvac Chillers Market, 2021-2031(%)
Figure 15. Hvac Chillers Market, By Condenser Type, 2021(%)
Figure 16. Comparative Share Analysis of Water Cooled Hvac Chillers Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Air Cooled Hvac Chillers Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Evaporative Hvac Chillers Market, 2021-2031(%)
Figure 19. Hvac Chillers Market, By Application, 2021(%)
Figure 20. Comparative Share Analysis of Residential Hvac Chillers Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Commercial Hvac Chillers Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Industrial Hvac Chillers Market, 2021-2031(%)
Figure 23. Hvac Chillers Market by Region, 2021
Figure 24. U.S. Hvac Chillers Market, 2021-2031($Million)
Figure 25. Canada Hvac Chillers Market, 2021-2031($Million)
Figure 26. Mexico Hvac Chillers Market, 2021-2031($Million)
Figure 27. Germany Hvac Chillers Market, 2021-2031($Million)
Figure 28. Italy Hvac Chillers Market, 2021-2031($Million)
Figure 29. France Hvac Chillers Market, 2021-2031($Million)
Figure 30. Uk Hvac Chillers Market, 2021-2031($Million)
Figure 31. Rest of Europe Hvac Chillers Market, 2021-2031($Million)
Figure 32. China Hvac Chillers Market, 2021-2031($Million)
Figure 33. India Hvac Chillers Market, 2021-2031($Million)
Figure 34. Japan Hvac Chillers Market, 2021-2031($Million)
Figure 35. Indonesia Hvac Chillers Market, 2021-2031($Million)
Figure 36. Thailand Hvac Chillers Market, 2021-2031($Million)
Figure 37. South Korea Hvac Chillers Market, 2021-2031($Million)
Figure 38. Taiwan Hvac Chillers Market, 2021-2031($Million)
Figure 39. Rest of Asia-Pacific Hvac Chillers Market, 2021-2031($Million)
Figure 40. Latin America Hvac Chillers Market, 2021-2031($Million)
Figure 41. Middle East Hvac Chillers Market, 2021-2031($Million)
Figure 42. Africa Hvac Chillers Market, 2021-2031($Million)
Figure 43. Top Winning Strategies, by Year
Figure 44. Top Winning Strategies, by Development
Figure 45. Top Winning Strategies, by Company
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap of Top 10 Key Players
Figure 49. Airedale International Air Conditioning Ltd.: Net Sales ($Million)
Figure 50. Ab Electrolu.: Net Sales ($Million)
Figure 51. Carrier Global Corporatio.: Net Sales ($Million)
Figure 52. Daikin Industries Ltd.: Net Sales ($Million)
Figure 53. Honeywell International Inc.: Net Sales ($Million)
Figure 54. Johnson Controls International pl.: Net Sales ($Million)
Figure 55. Shuangliang Eco-Energy Co.Ltd.: Net Sales ($Million)
Figure 56. Kaltr.: Net Sales ($Million)
Figure 57. Lg Electronics Inc.: Net Sales ($Million)
Figure 58. Mitsubishi Electric Corp.: Net Sales ($Million)
Figure 59. Panasonic Corporatio.: Net Sales ($Million)
Figure 60. Polyscienc.: Net Sales ($Million)
Figure 61. Samsung Electronics Co. Ltd.: Net Sales ($Million)
Figure 62. Siemens A.: Net Sales ($Million)
Figure 63. Skm Air Conditionin.: Net Sales ($Million)
Figure 64. Trane Technologies pl.: Net Sales ($Million)
Figure 65. Thermal Care Inc.: Net Sales ($Million)

Executive Summary

According to the report, “HVAC Chillers Market," the hvac chillers market size was valued at $9.5 billion in 2021, and is estimated to reach $15 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

HVAC chillers are generally used in the industrial sector to maintain equipment temperature and keep the atmosphere cool. Some of the components of HVAC chillers include compressors, evaporators, condensers, control units, power panels, and expansion valves. HVAC chillers provide air conditioning by eliminating the unwanted heat from commercial and industrial buildings.

There is a rise in demand for HVAC chillers due to various advantages such as portability, convenience, and quick and easy maintenance. In addition, acceptance of HVAC chillers in restaurants, hotels, kitchens and dining rooms increases to address temperature level concerns. This is expected to boost the HVAC chillers market growth. Moreover, other industries where these chillers are used include rubber, petrochemical, medical, plastic and commercial office buildings.

An increase in urban population in emerging countries such as India, Japan, and others, is expected to boost the adoption of modular chillers in chemical, automotive, food & beverages, and others industries, to provide heating as well as cooling atmosphere. In addition, surge in demand from food & beverage industry for modular chillers, due to rise in adoption in areas such as breweries, distillers, food and dairy processing units, as well as wineries, and vineyards, propel the growth of the HVAC chillers market.

Major players have adopted product launch and acquisition as key strategies to sustain the competition and improve the product portfolio. For instance, in May 2021, Johnson Controls announced selection of R-454B as a future refrigerant for new HVAC equipment. It is a lower global warming potential (GWP) refrigerant to replace R-410A in its ducted residential and commercial unitary products and air-cooled scroll chillers.

Asia-Pacific accounted for the largest share of the global HVAC chillers market share in terms of revenue in 2021, owing to strong economic growth, rapid urbanization, and presence of large population base.

However, various manufacturers in the HVAC chillers market had to stop their business in countries such as China, the U.S., and India during the COVID-19 pandemic. This break directly impacted the sales of HVAC Chillers companies. In addition, lack of manpower and raw materials also constricted supply of equipment of HVAC chillers, which negatively influenced the growth of the market. Reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of HVAC chillers companies.

Key Findings of the Study

  • The report provides an extensive analysis of the current and emerging global HVAC chillers market trends and dynamics.
  • By operation type, the vapor compression chillers segment dominated the HVAC chillers market, in terms of revenue in 2021 and vapor absorption chillers is projected to grow at a significant CAGR during the forecast period.
  • By application, the commercial segment has registered highest revenue in 2021.
  • By region, Asia-Pacific is projected to register highest growth rate in the coming years.
  • The key players within the global HVAC chillers market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the HVAC chillers industry.
  • The HVAC chillers market forecast analysis from 2022 to 2031 is included in the report.
  • In-depth global HVAC chillers market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

Companies Mentioned

  • AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
  • Ab Electrolux
  • Carrier Global Corporation
  • Daikin Industries Ltd.
  • Honeywell International Inc.
  • Johnson Controls International plc
  • Shuangliang Eco-Energy Co.Ltd.
  • Kaltra
  • LG Electronics Inc.
  • Mitsubishi Electric Corp.
  • Panasonic Corporation
  • PolyScience
  • Samsung Electronics Co. Ltd.
  • Siemens AG
  • SKM Air Conditioning
  • Trane Technologies Plc
  • Thermal Care Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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