Global Chiller Market Outlook, 2029
The Global Chillers Market is segmented into By Product Type (Air Cooled Chiller, Water Cooled Chiller), By Type (Screw Chiller, Scroll Chiller, Centrifugal Chiller and Others) and By End User (Commercial, Industrial).
- Bonafide Research
- 31-03-2024
- Pages : 169
- Figures : 38
- Tables : 84
- Region : Global
- Category : Manufacturing & Industry
- Machinery, Parts & Equipment
The Global Chillers market is anticipated to cross USD 15 Billion by 2029 due to increasing industrialization.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2023) USD 11.24 Billion
- Market Size (2029) USD 15 Billion
- CAGR (2024-2029) 5.8%
- Largest Market Asia-Pacific
- Fastest Market North America
- Format
Featured Companies
- 1. Blue Star Limited
- 2. Midea Group Co Limited
- 3. Panasonic Corporation
- 4. Voltas Limited
- 5. Mitsubishi Electric Corporation
- 6. LG Electronic
- 7. GEA Group Aktiengesellschaft (Gea CowScout)
- 8. Daikin Industries Limited
- 9. Johnson Controls International Plc
- More...
Chillers Market Market Analysis
The chiller industry plays a vital role in various sectors, providing efficient cooling solutions for buildings, industrial processes, and other applications. Over the years, this industry has experienced significant growth and transformation, driven by technological advancements, increased emphasis on sustainability, and evolving customer demands. The concept of mechanical refrigeration dates back to the 19th century, but it wasn't until the mid-20th century that chillers became widely used for air conditioning in commercial buildings and industrial facilities. Initially, chillers relied on chlorofluorocarbons (CFCs) as refrigerants, contributing to environmental concerns. However, with the introduction of the Montreal Protocol in 1987, the industry shifted towards more environmentally friendly alternatives, such as hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs). Modern chillers have seen substantial technological advancements, enhancing their efficiency, reliability, and environmental friendliness. One notable innovation is the development of variable frequency drives (VFDs), allowing chillers to adjust their speed according to the cooling demand. This not only improves energy efficiency but also extends the lifespan of the equipment. Additionally, advancements in compressor technology, heat exchanger design, and control systems have contributed to the overall performance of chillers. High-efficiency centrifugal and screw compressors, combined with intelligent control algorithms, enable precise temperature control and reduce energy consumption. In response to growing environmental concerns, the chiller industry has been actively exploring and adopting sustainable refrigerants with lower global warming potential (GWP) and ozone depletion potential (ODP). Natural refrigerants like ammonia, carbon dioxide, and hydrocarbons are gaining popularity due to their eco-friendly properties. Furthermore, manufacturers are increasingly focused on creating chillers that meet or exceed energy efficiency standards, such as those set by organizations like the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) and the European Union's Eco-Design Directive. These standards promote the development of energy-efficient and environmentally friendly cooling solutions. The rise of the Internet of Things (IoT) has also made its mark on the chiller industry. Smart chiller systems leverage IoT technology to enable remote monitoring, predictive maintenance, and data-driven decision-making. Building management systems can optimize chiller performance by analyzing real-time data, identifying potential issues, and adjusting settings for maximum efficiency. According to the research report, “Global Chiller Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 15 Billion by 2029, increasing from USD 11.24 Billion in 2023. The market is expected to grow with 5.80% CAGR by 2024-29. Chillers are the most commonly used system in many industrial and power plants generating energy using renewable resources, as well as the average home air conditioner and refrigerator. The cold fluid is used to cool power plant components and processes, absorbing heat from them, and the warm fluid returns to the chiller to begin the process all over again. Power stations are conducting power plant training so that plant operators understand the working process of chillers. This provides multiple benefits to the power plant, including both an increased ability to detect equipment issues and prevention of malfunctions, which could result in the release of refrigerant, which can, in turn, expose the company to substantial fines by the EPA. The market is driven by the rising need for cost-effective and energy-efficient space cooling solutions in commercial and industrial sectors. This, in turn, is expected to augment the demand for the chillers market over the forecast period. According to the U.S. Department of Agriculture (USDA), the growing population, rising consumer disposable income and ongoing urbanization are expected to augment the growth of commercial and residential sector in the country in the forecast period. The demand for chillers in the residential sectors is driven by a combination of factors, including the need for efficient and reliable air conditioning systems. With a focus on energy efficiency, homeowners are increasingly adopting chillers equipped with advanced technologies and smart controls to ensure precise temperature regulation while minimizing environmental impact. In the commercial sector, the demand for chillers remains robust, particularly in industries such as hospitality, healthcare, and data centres. Moreover, chillers play a pivotal role in maintaining optimal temperatures for occupant comfort, equipment reliability, and critical processes. The trend towards sustainable building practices and stringent energy efficiency standards further accelerates the adoption of chillers in both residential and commercial applications. For instance, in March 2021, Rhoss launched MiDIpack-I Eco, a new range of air-cooled water chillers and reversible heat pump products range with inverter scroll compressors and R32 ecological gas. The range was aimed at the companies that opt for eco-sustainability.
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Download SampleMarket Dynamic
Market Drivers • Increasing Demand for Energy-Efficient Solutions: As energy costs rise and environmental concerns grow, there is a heightened demand for energy-efficient cooling solutions. Chillers play a crucial role in climate control for various applications, and the market is being driven by the need for systems that optimize energy consumption, reduce greenhouse gas emissions, and comply with stringent energy efficiency standards. The push towards sustainable and eco-friendly practices has accelerated the adoption of chillers with advanced technologies, such as variable speed compressors and smart control systems that enhance overall energy efficiency. • Rapid Urbanization and Infrastructure Development: The global trend of urbanization and infrastructure development, particularly in emerging economies, is a significant driver for the chiller market. As more commercial buildings, data centers, healthcare facilities, and industrial complexes are constructed, the demand for effective and scalable cooling solutions rises. Chillers are essential for maintaining comfortable indoor environments, preserving sensitive equipment, and ensuring the efficiency of industrial processes. The increasing construction of smart cities and green buildings further propels the demand for modern and sustainable chiller systems. Market Challenges • Stricter Environmental Regulations and Refrigerant Phase-Outs: The chiller industry faces challenges related to environmental regulations and the phase-out of refrigerants with high global warming potential (GWP). Governments and international bodies are implementing stringent guidelines to curb the use of substances harmful to the ozone layer and the climate. As a result, manufacturers must invest in research and development to design chillers that use low-GWP or natural refrigerants, complying with evolving regulatory standards. This transition poses technical and economic challenges, requiring innovation and adaptation within the industry. • Initial Cost Barriers and Return on Investment Concerns: While energy-efficient chillers offer long-term savings in operational costs, the initial investment required can be a barrier for some potential customers. High-efficiency chillers often come with a higher upfront cost, leading to concerns about return on investment (ROI). The challenge for the chiller market is to communicate and demonstrate the long-term economic and environmental benefits of investing in advanced, energy-efficient systems. Overcoming these cost barriers involves educating stakeholders about the lifecycle cost advantages and potential energy savings associated with modern chiller technologies. Market Trends • Adoption of Smart Chiller Systems and IoT Integration: The integration of smart technologies and the Internet of Things (IoT) is a prominent trend in the chiller market. Smart chiller systems leverage real-time data, analytics, and remote monitoring to optimize performance, predict maintenance needs, and enhance overall efficiency. The ability to connect chillers to building management systems or cloud platforms enables proactive management, reducing downtime and improving energy utilization. This trend aligns with the broader development of smart buildings and Industry 4.0, where connectivity and data-driven insights play a central role. • Focus on Sustainable Refrigerants and Environmental Responsibility: The chiller market is experiencing a shift towards sustainable refrigerants and environmentally responsible practices. With increased awareness of climate change and environmental impact, there is a growing emphasis on adopting natural refrigerants and low-GWP alternatives. Manufacturers are investing in research to develop chillers that minimize their carbon footprint and comply with evolving regulations. This trend is not only driven by regulatory requirements but also by consumer preferences for environmentally friendly and socially responsible products, influencing purchasing decisions across various industries.
Chillers Market Segmentation
| By Product Type | Air Cooled Chiller | |
| Water Cooled Chiller | ||
| By Type | Screw Chiller | |
| Scroll Chiller | ||
| Centrifugal Chiller | ||
| Others | ||
| By End User | Commercial | |
| Industrial | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| South America | Brazil | |
| Argentina | ||
| Colombia | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
Air-cooled chillers are leading in the chiller market due to their flexibility and ease of installation, requiring no external water source for cooling. Air-cooled chillers have emerged as the preferred choice in the chiller market for several reasons. One primary factor is their inherent flexibility and ease of installation. Unlike water-cooled chillers, which necessitate access to a reliable water source for cooling, air-cooled chillers do not require external water connections. This characteristic makes them highly versatile and suitable for a wide range of applications, especially in areas where water availability or quality may be limited. Furthermore, the installation process for air-cooled chillers is typically simpler and less costly compared to water-cooled counterparts. Without the need for complex water piping systems or cooling towers, installation time and expenses are significantly reduced. This makes air-cooled chillers an attractive option for both new construction projects and retrofitting existing facilities. Moreover, air-cooled chillers offer operational advantages, particularly in terms of maintenance and reliability. Since they do not rely on external water sources, there is less risk of issues related to water quality, such as corrosion or fouling. Additionally, air-cooled chillers tend to have fewer components and moving parts, resulting in lower maintenance requirements and reduced downtime. Another key benefit of air-cooled chillers is their ability to provide precise temperature control, making them suitable for applications where maintaining consistent temperatures is critical, such as in data centers, medical facilities, and industrial processes. With advancements in compressor technology and control systems, modern air-cooled chillers can achieve high levels of efficiency and performance, further solidifying their position as leaders in the chiller market. Screw chillers are leading in the chiller market due to their high energy efficiency, reliability, and adaptability to varying loads, making them ideal for a wide range of commercial and industrial cooling applications. The dominance of screw chillers in the chiller market can be attributed to their exceptional energy efficiency, reliability, and versatility. One of the primary reasons behind their leading position is their superior energy performance, which stems from the unique design of the screw compressor. Screw compressors are known for their efficiency across a wide range of operating conditions, offering consistent performance even at partial loads. This makes screw chillers particularly well-suited for applications with varying cooling demands, providing energy savings and operational cost benefits. Reliability is another key factor contributing to the popularity of screw chillers. The robust construction and fewer moving parts of screw compressors enhance their durability and reduce the likelihood of mechanical failures. This reliability is crucial for maintaining uninterrupted cooling in critical applications, such as data centers, hospitals, and industrial processes, where downtime can have significant consequences. Screw chillers also excel in adaptability to varying loads, making them highly versatile. The ability to modulate capacity efficiently allows screw chillers to match the cooling demand precisely, resulting in optimal energy usage. This modulation capability, often achieved through variable-speed drive technology, enhances overall system efficiency and contributes to the chiller's ability to handle fluctuating loads efficiently. Additionally, screw chillers are available in a wide range of capacities, making them suitable for both small-scale and large-scale applications. This flexibility, combined with the ease of integration into existing systems, positions screw chillers as a preferred choice for diverse cooling requirements in commercial, institutional, and industrial settings. The commercial application is leading in the chiller market due to the increasing demand for air conditioning and cooling solutions in commercial spaces, driven by urbanization, rising disposable incomes, and a focus on creating comfortable and energy-efficient environments. The dominance of commercial applications in the chiller market can be primarily attributed to the growing need for effective air conditioning and cooling solutions in various commercial spaces. As urbanization continues at a rapid pace, commercial buildings such as offices, shopping malls, hotels, and restaurants are becoming increasingly prevalent. This surge in commercial infrastructure, coupled with a rise in disposable incomes, has led to a significant increase in the demand for indoor comfort and climate control. In commercial settings, maintaining a comfortable and conducive environment for occupants is essential for productivity, customer satisfaction, and overall well-being. Chilled water systems, particularly chillers, play a crucial role in providing reliable and efficient cooling for large-scale commercial spaces. The scalability and flexibility of chiller systems make them well-suited for meeting the diverse cooling demands of commercial buildings, ranging from small retail establishments to expansive office complexes. Furthermore, the emphasis on energy efficiency and sustainability in commercial applications has driven the adoption of advanced chiller technologies. Modern commercial buildings are increasingly designed with green building standards in mind, and energy-efficient HVAC (Heating, Ventilation, and Air Conditioning) systems, including chillers, are integral to achieving these goals. The commercial sector's commitment to creating environmentally friendly and energy-efficient spaces further contributes to the prominence of chiller systems within this market segment. The rising awareness of the environmental impact of cooling systems has also led to the implementation of regulations and standards promoting energy-efficient technologies in commercial applications. This has accelerated the adoption of high-efficiency chillers, such as those with variable frequency drives and environmentally friendly refrigerants, in an effort to reduce carbon footprints and operating costs.
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Chillers Market Market Regional Insights
Asia-Pacific accounted for the largest share in terms of volume and value of the chillers market in 2023. The use of chillers is expected to witness the highest growth in the Asia-Pacific region during the forecast period. Asia Pacific region stands as the second-largest hub for data centers, driven by robust growth that not only enhances revenue but also generates fresh opportunities within the sector. The scale of data centers in Asia Pacific is expanding, with operators actively exploring new markets for potential expansion. This strategic move is in anticipation of rising demand fueled by ongoing digitization and the broader adoption of artificial intelligence. Factors such as improving economic conditions, rapid industrialization, and commercialization are anticipated to have a positive impact on the market growth. India is the significant market for manufacturing process and one of the largest consumers of chillers in the world. The focus of Indian government towards make in India project will drive the construction industry in India which will further enhance the demand of chillers during the forecast period in the country. Asia-Pacific region includes China, Japan, India, South Korea and Australia, and rest of Asia-Pacific. Asia-Pacific has a rapidly growing chemical industry, owing to expansion strategies adopted by various private and public players. For instance, in November 2021 India, Indian Oil Corporation (IOCL) announced its plan to build India's first mega-scale maleic anhydride facility for producing high-value specialty chemicals at its refinery in Haryana, at a cost of $495.2. Furthermore, Asia-pacific has the fastest growing manufacturing industry in the world. All such instances are anticipated to provide lucrative opportunities for the chillers market growth. The cost-effectiveness and ease of installation has resulted in popularity of Chillers in China’s industrial sector. Moreover, the increase in construction projects in Asia is expected to drive the chillers market over the forecast period. The increasing demand from the rise in investments in data centers is expected to result in the growth of chillers market. For instance, in 2019, Equinix a Californian data center provider formed a joint venture of USD 1 billion with Singapore based GIC to operate and build hyper scale data centers in Europe. Furthermore, in 2019, the Australian based property developer Lendlease entered into partnership of USD 1 billion with an institutional investor to build data centers in Asia Pacific.
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Key Development
• On February 23, 2023, Daikin launched the second generation cooling only chiller range with R32 scroll blowers. Daikin's second generation of R32 cooling-just chillers conveys high full- and part-load efficiencies with an expanded limit range up to 1,010 kW (contrasted with the current 704 kW) inside a new, minimized impression offering a decreased size of 275 mm. • On February 10, 2023, the YORK YLAA Air-Cooled Scroll Chiller, manufactured by Johnson Controls, became the first air-cooled scroll chiller in the U.S. to utilize the refrigerant R-454B. Additionally, the YORK YVFA Free-Cooling, Variable-Speed Screw Chiller, manufactured by Johnson Controls, became the first free-cooling screw chiller in the U.S. to utilize the refrigerant R-1234ze. Both of these products aim to improve performance. • On October 12, 2022, Mitsubishi Electric launched the latest air-source chillers and heat pumps, which were developed at the company's Italy-based facility. The MECH-iS-G07 air-cooled chiller and the MEHP-iS-G07 air source reversible heat pump have been included in the new range. Seven sizes of the new range of scroll compressors with variable speeds are available. Additionally, each system is available in three modules with a cooling capacity of 50 to 220 KW. • In December 2022, Trane unveiled its latest offerings, the water-cooled XStream eXcellent GVWF and air-cooled Sintesis eXcellent GVAF chillers. These innovative chillers incorporate magnetic-bearing compressors and utilize the low global warming potential (GWP) refrigerant R1234ze. Equipped with high-speed centrifugal compressor technology, these chillers deliver larger capacities, wider operating maps to meet challenging European climate conditions, and enhanced seasonal efficiencies, all while maintaining a compact size.
Companies Mentioned
- Blue Star Limited
- Midea Group Co Limited
- Panasonic Corporation
- Voltas Limited
- Mitsubishi Electric Corporation
- LG Electronic
- GEA Group Aktiengesellschaft (Gea CowScout)
- Daikin Industries Limited
- Johnson Controls International Plc
- Carrier Global Corporation
- Haier Group Corporation
- Gree electric appliances
- Lennox International Inc
- Thermax Ltd
- Trane Technologies plc
- Thermo Fisher Scientific Inc
- Danfoss
- Swegon AB
- Kirloskar Chillers Pvt Ltd
- Modine Manufacturing
Table of Contents
- 1. Executive Summary
- 2. Market Dynamics
- 2.1. Market Drivers & Opportunities
- 2.2. Market Restraints & Challenges
- 2.3. Market Trends
- 2.3.1. XXXX
- 2.3.2. XXXX
- 2.3.3. XXXX
- 2.3.4. XXXX
- 2.3.5. XXXX
- 2.4. Covid-19 Effect
- 2.5. Supply chain Analysis
- 2.6. Policy & Regulatory Framework
- 2.7. Industry Experts Views
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. Market Structure
- 4.1. Market Considerate
- 4.2. Assumptions
- 4.3. Limitations
- 4.4. Abbreviations
- 4.5. Sources
- 4.6. Definitions
- 5. Economic /Demographic Snapshot
- 6. Global Chillers Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Region
- 6.3. Market Size and Forecast, By Geography
- 6.4. Market Size and Forecast, By Type
- 6.5. Market Size and Forecast, By Product Type
- 6.6. Market Size and Forecast, By End-User
- 7. North America Chillers Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By Type
- 7.4. Market Size and Forecast, By Product Type
- 7.5. Market Size and Forecast, By End-User
- 7.6. United States Chillers Market Outlook
- 7.6.1. Market Size By Value
- 7.6.2. Market Size and Forecast By Type
- 7.6.3. Market Size and Forecast By Product Type
- 7.6.4. Market Size and Forecast By End-User
- 7.7. Canada Chillers Market Outlook
- 7.7.1. Market Size By Value
- 7.7.2. Market Size and Forecast By Type
- 7.7.3. Market Size and Forecast By Product Type
- 7.7.4. Market Size and Forecast By End-User
- 7.8. Mexico Chillers Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Type
- 7.8.3. Market Size and Forecast By Product Type
- 7.8.4. Market Size and Forecast By End-User
- 8. Europe Chillers Market Outlook
- 8.1. Market Size By Value
- 8.2. Market Share By Country
- 8.3. Market Size and Forecast, By Type
- 8.4. Market Size and Forecast, By Product Type
- 8.5. Market Size and Forecast, By End-User
- 8.6. Germany Chillers Market Outlook
- 8.6.1. Market Size By Value
- 8.6.2. Market Size and Forecast By Type
- 8.6.3. Market Size and Forecast By Product Type
- 8.6.4. Market Size and Forecast By End-User
- 8.7. United Kingdom Chillers Market Outlook
- 8.7.1. Market Size By Value
- 8.7.2. Market Size and Forecast By Type
- 8.7.3. Market Size and Forecast By Product Type
- 8.7.4. Market Size and Forecast By End-User
- 8.8. France Chillers Market Outlook
- 8.8.1. Market Size By Value
- 8.8.2. Market Size and Forecast By Type
- 8.8.3. Market Size and Forecast By Product Type
- 8.8.4. Market Size and Forecast By End-User
- 8.9. Italy Chillers Market Outlook
- 8.9.1. Market Size By Value
- 8.9.2. Market Size and Forecast By Type
- 8.9.3. Market Size and Forecast By Product Type
- 8.9.4. Market Size and Forecast By End-User
- 8.10. Spain Chillers Market Outlook
- 8.10.1. Market Size By Value
- 8.10.2. Market Size and Forecast By Type
- 8.10.3. Market Size and Forecast By Product Type
- 8.10.4. Market Size and Forecast By End-User
- 8.11. Russia Chillers Market Outlook
- 8.11.1. Market Size By Value
- 8.11.2. Market Size and Forecast By Type
- 8.11.3. Market Size and Forecast By Product Type
- 8.11.4. Market Size and Forecast By End-User
- 9. Asia-Pacific Chillers Market Outlook
- 9.1. Market Size By Value
- 9.2. Market Share By Country
- 9.3. Market Size and Forecast, By Type
- 9.4. Market Size and Forecast, By Product Type
- 9.5. Market Size and Forecast, By End-User
- 9.6. China Chillers Market Outlook
- 9.6.1. Market Size By Value
- 9.6.2. Market Size and Forecast By Type
- 9.6.3. Market Size and Forecast By Product Type
- 9.6.4. Market Size and Forecast By End-User
- 9.7. Japan Chillers Market Outlook
- 9.7.1. Market Size By Value
- 9.7.2. Market Size and Forecast By Type
- 9.7.3. Market Size and Forecast By Product Type
- 9.7.4. Market Size and Forecast By End-User
- 9.8. India Chillers Market Outlook
- 9.8.1. Market Size By Value
- 9.8.2. Market Size and Forecast By Type
- 9.8.3. Market Size and Forecast By Product Type
- 9.8.4. Market Size and Forecast By End-User
- 9.9. Australia Chillers Market Outlook
- 9.9.1. Market Size By Value
- 9.9.2. Market Size and Forecast By Type
- 9.9.3. Market Size and Forecast By Product Type
- 9.9.4. Market Size and Forecast By End-User
- 9.10. South Korea Chillers Market Outlook
- 9.10.1. Market Size By Value
- 9.10.2. Market Size and Forecast By Type
- 9.10.3. Market Size and Forecast By Product Type
- 9.10.4. Market Size and Forecast By End-User
- 10. South America Chillers Market Outlook
- 10.1. Market Size By Value
- 10.2. Market Share By Country
- 10.3. Market Size and Forecast, By Type
- 10.4. Market Size and Forecast, By Product Type
- 10.5. Market Size and Forecast, By End-User
- 10.6. Brazil Chillers Market Outlook
- 10.6.1. Market Size By Value
- 10.6.2. Market Size and Forecast By Type
- 10.6.3. Market Size and Forecast By Product Type
- 10.6.4. Market Size and Forecast By End-User
- 10.7. Argentina Chillers Market Outlook
- 10.7.1. Market Size By Value
- 10.7.2. Market Size and Forecast By Type
- 10.7.3. Market Size and Forecast By Product Type
- 10.7.4. Market Size and Forecast By End-User
- 10.8. Columbia Chillers Market Outlook
- 10.8.1. Market Size By Value
- 10.8.2. Market Size and Forecast By Type
- 10.8.3. Market Size and Forecast By Product Type
- 10.8.4. Market Size and Forecast By End-User
- 11. Middle East & Africa Chillers Market Outlook
- 11.1. Market Size By Value
- 11.2. Market Share By Country
- 11.3. Market Size and Forecast, By Type
- 11.4. Market Size and Forecast, By Product Type
- 11.5. Market Size and Forecast, By End-User
- 11.6. UAE Chillers Market Outlook
- 11.6.1. Market Size By Value
- 11.6.2. Market Size and Forecast By Type
- 11.6.3. Market Size and Forecast By Product Type
- 11.6.4. Market Size and Forecast By End-User
- 11.7. Saudi Arabia Chillers Market Outlook
- 11.7.1. Market Size By Value
- 11.7.2. Market Size and Forecast By Type
- 11.7.3. Market Size and Forecast By Product Type
- 11.7.4. Market Size and Forecast By End-User
- 11.8. South Africa Chillers Market Outlook
- 11.8.1. Market Size By Value
- 11.8.2. Market Size and Forecast By Type
- 11.8.3. Market Size and Forecast By Product Type
- 11.8.4. Market Size and Forecast By End-User
- 12. Competitive Landscape
- 12.1. Competitive Dashboard
- 12.2. Business Strategies Adopted by Key Players
- 12.3. Key Players Market Share Insights and Analysis, 2022
- 12.4. Key Players Market Positioning Matrix
- 12.5. Porter's Five Forces
- 12.6. Company Profile
- 12.6.1. Daikin Industries, Ltd
- 12.6.1.1. Company Snapshot
- 12.6.1.2. Company Overview
- 12.6.1.3. Financial Highlights
- 12.6.1.4. Geographic Insights
- 12.6.1.5. Business Segment & Performance
- 12.6.1.6. Product Portfolio
- 12.6.1.7. Key Executives
- 12.6.1.8. Strategic Moves & Developments
- 12.6.2. Carrier Global Corporation
- 12.6.3. Trane Technologies plc
- 12.6.4. Mitsubishi Electric Corporation
- 12.6.5. Panasonic Holdings Corporation
- 12.6.6. Johnson Controls International
- 12.6.7. Thermax Ltd
- 12.6.8. Midea Group
- 12.6.9. Danfoss
- 12.6.10. GEA Group AG
- 12.6.11. Blue Star Ltd
- 12.6.12. LG Corporation
- 12.6.13. Voltas Limited
- 12.6.14. Swegon AB
- 12.6.15. Kirloskar Chillers Pvt Ltd
- 12.6.16. Lennox International Inc.
- 12.6.17. Gree Electric Appliances Inc
- 12.6.18. Haier Group Corporation
- 12.6.19. Modine Manufacturing
- 12.6.20. Thermo Fisher Scientific Inc.
- 13. Strategic Recommendations
- 14. Annexure
- 14.1. FAQ`s
- 14.2. Notes
- 14.3. Related Reports
- 15. Disclaimer
Table 2: Influencing Factors for Chillers Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Chillers Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Chillers Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 8: Global Chillers Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 9: Global Chillers Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 10: North America Chillers Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 11: North America Chillers Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 12: North America Chillers Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 13: United States Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 14: United States Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 15: United States Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 16: Canada Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 17: Canada Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 18: Canada Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 19: Mexico Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 20: Mexico Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 21: Mexico Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 22: Europe Chillers Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 23: Europe Chillers Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 24: Europe Chillers Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 25: Germany Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 26: Germany Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 27: Germany Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 28: United Kingdom Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 29: United Kingdom Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 30: United Kingdom Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 31: France Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 32: France Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 33: France Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 34: Italy Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 35: Italy Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 36: Italy Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 37: Spain Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 38: Spain Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 39: Spain Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 40: Russia Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 41: Russia Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 42: Russia Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 43: Asia-Pacific Chillers Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 44: Asia-Pacific Chillers Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 45: Asia-Pacific Chillers Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 46: China Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 47: China Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 48: China Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 49: Japan Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 50: Japan Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 51: Japan Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 52: India Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 53: India Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 54: India Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 55: Australia Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 56: Australia Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 57: Australia Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 58: South Korea Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 59: South Korea Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 60: South Korea Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 61: South America Chillers Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 62: South America Chillers Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 63: South America Chillers Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 64: Brazil Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 65: Brazil Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 66: Brazil Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 67: Argentina Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 68: Argentina Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 69: Argentina Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 70: Colombia Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 71: Colombia Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 72: Colombia Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 73: Middle East & Africa Chillers Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 74: Middle East & Africa Chillers Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 75: Middle East & Africa Chillers Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 76: United Arab Emirates Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 77: United Arab Emirates Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 78: United Arab Emirates Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 79: Saudi Arabia Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 80: Saudi Arabia Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 81: Saudi Arabia Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 82: South Africa Chillers Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 83: South Africa Chillers Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 84: South Africa Chillers Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Chillers Market Share By Region (2023)
Figure 6: North America Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Chillers Market Share By Country (2023)
Figure 8: US Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Europe Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Europe Chillers Market Share By Country (2023)
Figure 13: Germany Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: UK Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: France Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 16: Italy Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 17: Spain Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 18: Russia Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 19: Asia-Pacific Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 20: Asia-Pacific Chillers Market Share By Country (2023)
Figure 21: China Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 22: Japan Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 23: India Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 24: Australia Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 25: South Korea Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 26: South America Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 27: South America Chillers Market Share By Country (2023)
Figure 28: Brazil Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 29: Argentina Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 30: Columbia Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 31: Middle East & Africa Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 32: Middle East & Africa Chillers Market Share By Country (2023)
Figure 33: UAE Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 34: Saudi Arabia Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 35: South Africa Chillers Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2023
Figure 37: Market Share insights of key players, 2023
Figure 38: Porter's Five Forces of Global Chillers Market
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