China Chiller Market Overview, 2029

China's chiller market boasts a rich history. Early applications focused on industrial processes, particularly in sectors like food and beverage, where consistent cooling is crucial. Over time, the market diversified, with chillers finding their way into commercial buildings and data centers, fueled by China's rapid urbanization and economic growth. Culturally, there's a growing emphasis on energy efficiency. The government enforces stricter environmental regulations, pushing manufacturers towards developing chillers with lower energy consumption. This aligns perfectly with a broader trend of "green" technology adoption in China, where consumers are increasingly conscious of environmental impact. According to the research report "China Chiller Market Overview, 2029," published by Bonafide Research, the China Chiller market is expected to grow with more than 3% CAGR from 2024 to 2029. Several factors are propelling the growth of China's Chiller market. Several factors are driving the Chinese chiller market forward. First, the continued expansion of various industries, particularly those in pharmaceuticals, chemicals, and manufacturing, creates a steady demand for reliable cooling solutions. Additionally, China's booming data center construction necessitates high-performance chillers to manage the immense heat generated by servers. However, the market also faces significant challenges. One major concern is the cost-competitiveness of domestic manufacturers. While Chinese producers offer attractive price points, established international brands often hold an edge in terms of technology and brand recognition. Additionally, stricter environmental regulations regarding refrigerant use can pose challenges for manufacturers, requiring them to adapt and innovate to comply with evolving standards.

In analyzing the market segmentation of chillers in China, several key trends emerge across different product types, types, and end-user segments. Hotel and resort chillers cater to the burgeoning hospitality sector, where energy efficiency is paramount amidst high operational costs, with scroll chillers favored for their compact size and suitability for smaller-scale comfort cooling, while screw chillers find preference for larger resorts due to their higher capacity. Day and salon chillers, driven by China's growing service sector, prioritize quiet operation and space efficiency, making scroll chillers the top choice. Destination chillers play a vital role in indoor theme parks and entertainment venues, with screw and centrifugal chillers standing out for their high-capacity cooling capabilities, though specific types are chosen based on noise considerations or special heat rejection methods. In the medical sector, both scroll and screw chillers are essential for maintaining precise temperature control, with scroll chillers suited to smaller clinics and labs, and screw chillers preferred in larger hospitals. Across types, screw chillers dominate industrial and large commercial sectors, particularly in chemicals, petrochemicals, and manufacturing, while scroll chillers are favored for smaller commercial applications due to their compact size, quiet operation, and cost-effectiveness. Centrifugal chillers show potential in district cooling projects and large-scale commercial developments like shopping malls and convention centers. The end-user segmentation reveals a thriving commercial sector driven by rapid urbanization and growth in the service industry, with energy efficiency and noise reduction being key considerations. In the industrial segment, chillers are crucial for process cooling across various industries, with reliability, durability, and high capacity being primary concerns, influenced by government regulations on energy consumption and environmental impact.

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Prashant Tiwari

Research Analyst

The Chinese chiller market is a complex landscape shaped by a confluence of policy, regulation, and certification requirements. Firstly, strict energy efficiency standards mandated by the China Energy Label (CEL) and implemented by the Ministry of Ecology and Environment (MEE) play a significant role. Chillers must achieve minimum thresholds for energy performance, with manufacturers striving for higher ratings to gain a competitive edge. Secondly, safety regulations overseen by the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) ensure product safety and environmental protection. These regulations encompass aspects like refrigerant type, pressure vessel construction, and noise emission. Thirdly, a web of certifications further govern market access. The China Compulsory Certification (CCC) mark is mandatory for most chillers, signifying compliance with national safety and performance standards. Additionally, product-specific certifications like those issued by the China National Accreditation Service for Certification Bodies (CNAS) for energy efficiency or by the China Certification Committee for Environmental Labeling Products (CCEP) for environmental impact, can hold significant weight in purchasing decisions. For long-term success in China's chiller market, players should prioritize adaptability and cater to a segment-specific approach. Focus on increasing energy efficiency to comply with stricter government regulations and resonate with China's environmental initiatives. Develop a strong after-sales service network to address customer concerns about reliability and maintenance, and consider offering customized solutions to cater to the diverse needs of industries like data centers, food processing, and healthcare. By understanding these factors and building strong partnerships within China, chiller manufacturers can position themselves for sustainable growth in this dynamic market. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Chillers market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type • Air Cooled Chiller • Water Cooled Chiller

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By Type • Screw Chiller • Scroll Chiller • Centrifugal Chiller • Others By End User • Commercial • Industrial The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Chillers industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.