Description :
Chillers are extensively used in industries such as plastic , chemical & petrochemical , rubber and others . In the medical industry , cooling down of hospital magnetic resonance imaging ( MRI ) units is amongst major applications of chillers . Moreover , these are increasingly being used in the food & beverage industry to maintain the temperature of production equipment and storage environment . Market players provide chillers of various sizes and cooling capabilities to meet the requirements of customers . In the commercial sector , offices , hotels , and hospitals exhibit increasing demand for various types of chillers . In addition , hectic lifestyle of consumers has increased the adoption of frozen foods , which has supplemented the demand for chillers by the food processing industry .
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Increase in demand for energy-efficient cooling solutions across industries such as plastic , chemical & petrochemical , rubber & others drives the global chiller market . However , high cost associated with electricity restraints the market growth . Technological advancements are expected to create potential business opportunities for the industry in the near future .
The global chiller market is segmented based on type , end user , and geography . The type segment includes screw , scroll , centrifugal , absorption , and reciprocating chillers . The end user segment comprises industries such as chemicals & petrochemicals , food & beverages , plastics , rubber , and medical & others . Geographically , the market is classified into North America , Europe , Asia-Pacific , and LAMEA . Scroll chiller has gained widespread popularity in the market owing to its extensive usage in wide application areas . The absorption chiller segment is expected to report a relatively faster growth , owing to its low maintenance and manufacturing cost , which have increased its penetration among consumers .
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The players profiled in the report are Daikin Industries Ltd ., Johnson Controls , Trane Inc ., Carrier Corporation , Smartd Chiller Group Inc ., Thermax Ltd ., Hitachi Appliances Inc ., Climaveneta S . P . A ., Polyscience , and Dimplex Thermal Solutions .
Other players included in the value chain are Thermal Care Inc ., BV Thermal Systems , Temptek Inc ., Advantage Engineering Inc ., Broad Air Conditioning Co . Ltd ., Hyundai Climate Control Co ., Ltd ., Robur Group , Yazaki Corporation , and Kawasaki Thermal Eng . Co . Ltd .
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