The new report by Expert Market Research titled, ‘Global Centrifugal Chillers Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global centrifugal chillers market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/centrifugal-chillers-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.7%
The global market is expected to be driven by the use of centrifugal chillers in HVAC systems. Centrifugal chillers have been quite prominent for cooling capacities over 1000 kW in the HVAC market. Centrifugal chillers are low maintenance, have fewer moving components, and are long-lasting. Centrifugal chillers have a smaller footprint and a higher cooling capacity. Centrifugal chillers are very popular due to these characteristics. They are used for indoor installation or weather protected spaces. Centrifugal chillers are widely used as the building stock in regions that comprise large buildings, such as hotels, commercial buildings, industrial plants, university campuses, airports, and hospitals. Over the forecast period, the requirement for a better price-to-performance ratio is expected to boost the demand for centrifugal chillers in the global market.
Industry Definition and Major Segments
The rotary action of an impeller wheel exerts a radial force on the refrigerant inside a volute in a centrifugal compressor. Centrifugal chillers, unlike reciprocating chillers, are well suited for most applications requiring a significant volume of refrigeration.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/centrifugal-chillers-market
By type, the market is segmented into:
• <500T
• 500-1000T
• 1000-2000T
• >2000T
Based on application, the market is divided into:
• Commercial
• Industrial
• Others
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Centrifugal chillers supply chilled water for all applications requiring large-scale cooling capability; they are a cost-effective way to cool massive structures. While centrifugal chillers might be costly, they typically have customised configurations and nearly always provide a return on investment over time. The fast-paced urbanisation is one of the key factors fuelling the sales of centrifugal chillers. These factors are aiding the growth of the overall market. Players are investing heavily in R&D, experimenting with various technological integrations to improve the price-to-performance ratio of centrifugal chillers. Oil-free magnetic bearing technology combined with high-efficiency heat exchangers is expected to achieve widespread application in centrifugal chillers in the coming years. Centrifugal chillers are expected to develop significantly throughout the forecast period due to their numerous advantages over other varieties.
Key Market Players
The major players in the market are Johnson Controls International plc, Carrier Global Corporation, Daikin Industries Ltd, Haier Group, and Trane Technologies Company, LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Media Contact
Company Name: Claight Corporation
Contact Person: Irene Garcia, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
A chiller is a machine that removes heat from a liquid via a vapor-compression or absorption refrigeration cycle.
This liquid can then be circulated through a heat exchanger to cool equipment, or another process stream (such as air or process water).
As a necessary by product, refrigeration creates waste heat that must be exhausted to ambience, or for greater efficiency, recovered for heating purposes.According to this study, over the next five years the Chillers market will register a 3.6% CAGR in terms of revenue, the global market size will reach US$ 8486.4 million by 2024, from US$ 7118.1 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Chillers business, shared in Chapter 3.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-chillers-2019-2024-809This report presents a comprehensive overview, market shares, and growth opportunities of Chillers market by product type, application, key manufacturers and key regions and countries.This study considers the Chillers value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Centrifugal ChillersScroll ChillerScrew ChillerOthersSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.CommercialIndustrialThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.Trane (Ingersoll-Rand)Johnson Controls — HitachiCarrierMitsubshiLG ElectronicsDaikinDunAnDunham-BushTICABoschEbaraLennoxSmardtChillerGroupKingairParker HannifinDimplex Thermal SolutionsTsing Hua TongfangAiredale Air ConditioningIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Chillers consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Chillers market by identifying its various subsegments.Focuses on the key global Chillers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Chillers with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).Get the Complete Report & TOC @ https://www.grandresearchstore.com/manufacturing-and-construction/global-chillers-2019-2024-809Table of content2019–2024 Global Chillers Consumption Market Report1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Chillers Consumption 2014–20242.1.2 Chillers Consumption CAGR by Region2.2 Chillers Segment by Type2.2.1 Centrifugal Chillers2.2.2 Scroll Chiller2.2.3 Screw Chiller2.2.4 Others2.3 Chillers Consumption by Type2.3.1 Global Chillers Consumption Market Share by Type (2014–2019)2.3.2 Global Chillers Revenue and Market Share by Type (2014–2019)2.3.3 Global Chillers Sale Price by Type (2014–2019)2.4 Chillers Segment by Application2.4.1 Commercial2.4.2 Industrial2.5 Chillers Consumption by Application2.5.1 Global Chillers Consumption Market Share by Application (2014–2019)2.5.2 Global Chillers Value and Market Share by Application (2014–2019)2.5.3 Global Chillers Sale Price by Application (2014–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
