HOME Top Market Reports Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, Reciprocating), End-use industry (Plastic, Chemical & Petrochemical, Rubber, Food & Beverage, Medical & Pharmaceutical), and Region - Global Forecast to 2022

Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, Reciprocating), End-use industry (Plastic, Chemical & Petrochemical, Rubber, Food & Beverage, Medical & Pharmaceutical), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: CH 4336

 

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The chillers market was approximately USD 8.80 Billion in 2016 and projected to grow at a CAGR of 4.4% during the forecast period between 2017 and 2022. The report segments the market by type into screw, scroll, centrifugal, absorption, and reciprocating chillers, and by end-use industry into chemical & petrochemical, plastic, food & beverage, medical & pharmaceutical, and rubber industry. The market is segmented by region into Asia Pacific, North America, Western Europe, Europe, South America, and Middle East & Africa. The base year considered for the study is 2016 and forecast period is between 2017 and 2022.

Objectives of the Study:

  • To define, describe, and forecast the chillers market on the basis of type, end-use industry, and region
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the market and estimate the size of various other dependent submarkets in the overall chillers market. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Factiva, Securities and Exchange Commission (SEC), American National Standards Institute (ANSI), among other government and private websites, to identify and collect information useful for the technical, market-oriented, and commercial study of the chillers market.

Chillers Market

To know about the assumptions considered for the study, download the pdf brochure

This study answers several questions for the various market players across the value chain, primarily which market segments to focus upon during the next two to five years to prioritize their efforts and investments. Some of the key manufacturers include DAIKIN INDUSTRIES, Ltd. (Japan), Carrier Corporation (US), Trane (Ireland), Johnson Controls-Hitachi Air Conditioning (Japan), Smardt Chillers Group Inc. (Canada), GEA Group (Germany), Thermax Limited (India), Dunham Bush (US), and Broad Group (China).

Key Target Audience:

  • Manufacturers of Chillers
  • Traders, Distributors, and Chiller Suppliers
  • Regional Manufacturer Associations and General Chemical Associations
  • Government and Regional Agencies and Research Organizations
  • Investment Research Firms

Scope of the Report:

This research report categorizes the chillers market on the basis of type, end-use industry, and region.

On the basis of Type:

  • Screw Chillers
  • Scroll Chillers
  • Centrifugal Chillers
  • Absorption Chillers
  • Reciprocating Chillers

On the basis of End-use Industry:

  • Plastic
  • Food & Beverage
  • Chemical & Petrochemical
  • Rubber
  • Medical & Pharmaceutical

On the basis of Region:

  • North America
  • Asia Pacific
  • Europe
  • South America
  • Middle East & Africa

The market is further analyzed on the basis of key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the chillers market

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Chillers Market
    4.2 Chillers Market, By End-Use Industry
    4.3 Chillers Market in Asia-Pacific, By Type and Country, 2016
    4.4 Chillers Market, By Type, 2017–2022 (USD Million)
    4.5 Chillers Market Size, By Country

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Process Cooling in Industrial Applications
                    5.2.1.2 Rising Demand for Chillers From Developing Markets of Asia-Pacific
                    5.2.1.3 Growing Usage of Chillers in Solar Cooling Applications
           5.2.2 Restraints
                    5.2.2.1 Slow Growth of Chillers Market in Europe and North America
           5.2.3 Opportunities
                    5.2.3.1 Emerging Demand for Absorption Chillers
           5.2.4 Challenges
                    5.2.4.1 Regulations Pertaining to Fluorinated Greenhouse Gases
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Supplier
           5.3.5 Intensity of Competitive Rivalry
    5.4 Chillers Chilling Medium
           5.4.1 Flurocarbon
                    5.4.1.1 Chlorofluorocarbons (CFC)
                    5.4.1.2 Hydrofluorocarbon
           5.4.2 Inorganic Compounds
           5.4.3 Ammonia
           5.4.4 Freon

6 Chillers Market, By Capacity Range (Page No. - 39)
    6.1 Introduction

7 Chillers Market, By Type (Page No. - 41)
    7.1 Introduction
    7.2 Scroll Chillers
           7.2.1 Water-Cooled Scroll Chillers
           7.2.2 Air-Cooled Scroll Chillers
    7.3 Screw Chillers
           7.3.1 Water-Cooled Screw Chillers
           7.3.2 Air-Cooled Screw Chillers
    7.4 Centrifugal Chillers
           7.4.1 Centrifugal Water-Cooled Chillers
           7.4.2 Centrifugal Air-Cooled Chiller
    7.5 Reciprocating Chillers
           7.5.1 Water-Cooled Reciprocating Chillers
           7.5.2 Air-Cooled Reciprocating Chillers
    7.6 Absorption Chillers
           7.6.1 Steam Absorption Chillers
           7.6.2 Hot Water Absorption Chillers
           7.6.3 Direct Fired Absorption Chillers

8 Chillers Market, By End-Use Industry (Page No. - 47)
    8.1 Introduction
    8.2 Plastics
    8.3 Food & Beverage
    8.4 Chemicals & Petrochemicals
    8.5 Rubber
    8.6 Medical & Pharmaceutical
    8.7 Others

9 Chillers Market, By Region (Page No. - 51)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Italy
           9.3.5 Russia
           9.3.6 Turkey
           9.3.7 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Thailand
           9.4.6 Indonesia
           9.4.7 Taiwan
           9.4.8 Rest of Asia-Pacific
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 UAE
           9.5.3 Qatar
           9.5.4 South Africa
           9.5.5 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Rest of South America

10 Competitive Landscape (Page No. - 92)
     10.1 Introduction
     10.2 Market Ranking of Key Players

11 Company Profile (Page No. - 94)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     11.1 Daikin Industries, Ltd.
     11.2 Carrier Corporation
     11.3 Trane
     11.4 Johnson Controls – Hitachi Air Conditioning
     11.5 Smardt Chiller Group Inc.
     11.6 Broad Group
     11.7 Dunham Bush
     11.8 GEA Group
     11.9 Midea Group Co., Ltd.
     11.10 Thermax Limited
*Details Might Not Be Captured in Case of Unlisted Companies
     11.11 Other Companies
             11.11.1 Advantage Engineering, Inc.
             11.11.2 Airedale Air Conditioning
             11.11.3 Bluebox
             11.11.4 BV Thermal Systems
             11.11.5 Climaveneta S.P.A.
             11.11.6 Cold Shot Chillers
             11.11.7 Drake Refrigeration Inc.
             11.11.8 Kaltra Innovativtechnik GmbH
             11.11.9 Lennox Emea
             11.11.10 Polyscience
             11.11.11 Shuangliang Eco-Energy Systems Co., Ltd.
             11.11.12 SKM Air Conditioning LLC
             11.11.13 Tandem Chillers Inc.
             11.11.14 Thermonics Corporation
             11.11.15 Thermal Care, Inc.

12 Appendix (Page No. - 121)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Related Reports
     12.6 Author Details


List of Tables (69 Tables)

Table 1 Chillers Market Size, By Capacity Range (Kw Million), 2017-2022
Table 2 Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 3 Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 4 Chillers Market Size, By Region, 2015–2022 (USD Million)
Table 5 North America: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 6 North America: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 7 North America: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 8 U.S.: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 9 U.S.: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 10 Canada: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 11 Canada: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 12 Mexico: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 13 Mexico: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 14 Europe: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 15 Europe: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 16 Europe: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 17 Germany: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 18 Germany: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 19 France: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 20 France: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 21 U.K.: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 22 U.K.: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 23 Italy: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 24 Italy: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 25 Russia: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 26 Russia: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 27 Turkey: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 28 Turkey: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 29 Rest of Europe: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 30 Rest of Europe: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 31 Asia-Pacific: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 32 Asia-Pacific: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 33 Asia-Pacific: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 34 China: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 35 China: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 36 Japan: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 37 Japan: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 38 India: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 39 India: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 South Korea: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 41 South Korea: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 42 Thailand: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 43 Thailand: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 44 Indonesia: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 45 Indonesia: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 46 Taiwan: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 47 Taiwan: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 48 Rest of Asia-Pacific: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 49 Rest of Asia-Pacific: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 50 Middle East & Africa: Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 51 Middle East & Africa: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 52 Middle East & Africa: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 53 Saudi Arabia: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 54 Saudi Arabia: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 55 UAE: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 56 UAE: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 57 Qatar: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 58 Qatar: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 South Africa: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 60 South Africa: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Rest of Middle East & Africa: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 62 Rest of Middle East & Africa: Chillers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 63 South America Chillers Market Size, By Country, 2015–2022 (USD Million)
Table 64 South America: Chillers Market Size, By Type, 2015–2022 (USD Million)
Table 65 South America: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 66 Brazil: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 67 Brazil: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 68 Rest of South America: Chillers Market Size, By Type, 2015-2022 (USD Million)
Table 69 Rest of South America: Chillers Market Size, By End-Use Industry, 2015-2022 (USD Million)


List of Figures (31 Figures)

Figure 1 Chillers Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Plastics is the Largest End-Use Industry of Chillers, in Terms of Value
Figure 6 Scroll Chillers Expected Dominate Overall During Forecast Period
Figure 7 Asia-Pacific Expected to Dominate Chillers Market During Forecast Period
Figure 8 Chillers Market Size, By Country, 2016
Figure 9 Chillers Market Share, By Region, 2016.
Figure 10 Emerging Economies Offer Lucrative Opportunities in the Chillers Market
Figure 11 Chemicals & Petrochemicals Expected to Be Fastest-Growing End-Use Industry Between 2017 and 2022
Figure 12 China to Be the Largest Market in Asia-Pacific
Figure 13 Absorption Chillers Estimated to Witness Highest Growth
Figure 14 China Expected to Be Largest Country Between 2017 and 2022
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the Chillers Market
Figure 16 Porter’s Five Forces Analysis: Chillers Market
Figure 17 Chillers Market, By Capacity Range
Figure 18 Chillers Market, By Type
Figure 19 Scroll Chillers Account for Largest Market Size
Figure 20 Chemicals & Petrochemicals is Fastest-Growing End-Use Industry in Chillers Market
Figure 21 India, China, Saudi Arabia, and Japan are Emerging Markets for Chillers
Figure 22 North America Snapshot: U.S. is the Biggest Market in North America
Figure 23 Europe Market Snapshot: Italy Expected to Lead the Market for Chillers
Figure 24 Asia-Pacific Snapshot: China Expected to Lead the Market for Chillers
Figure 25 Saudi Arabia is Largest Market for Chillers in Middle East & Africa
Figure 26 Brazil is the Largest Market for Chillers in South America
Figure 27 Chillers Market Ranking
Figure 28 Daikin Industries, Ltd.: Company Snapshot
Figure 29 GEA Group: Company Snapshot
Figure 30 Midea Group Co., Ltd: Company Snapshot
Figure 31 Thermax Limited: Company Snapshot

The chillers market is projected to reach USD 11.33 Billion by 2022, at a CAGR of 4.4% between 2017 and 2022. The market is driven by increase in cooling process applications, growing concern over energy efficiency, growing industrialization, and use of environment friendly products.

The global chillers market has been witnessing many developments over the past few years. These are preferred and widely accepted due to their high energy efficient properties. Increasing use of chillers in solar cooling applications is further driving the market for chillers, globally. The consumption of chillers has grown significantly in recent times and is at a nascent stage in various emerging countries.

Chillers are used in various cooling applications, in various end-use industries such as chemical & petrochemical, plastic, and food & beverage. In 2016, the plastic industry accounted for the largest market share among all end-use industries, in terms of value, followed by the chemical & petrochemical and food & beverage industries. The chemical & petrochemical end-use industry is projected to register the highest CAGR between 2017 and 2022 among all the end-use industries.

Chillers Market

Asia Pacific, North America, Europe, South America, and Middle East & Africa are the main regions considered for the chillers market in the report. Currently, the Asia Pacific is the largest market for chillers, with the highest share of the total global market. The region is experiencing steady economic development and heavy investments across industries such as chemical & petrochemical, plastic, and food & beverage. The chillers market is emerging in various countries such as China, India, and Brazil due to increasing industrial activity. Also, a large number of emerging manufacturers from the Asia Pacific are expected to reduce import dependence of various regions which is further expected to drive the chillers market in future.

The slow growth rate in mature markets such as Europe and North America and the increasing raw material prices are the major restraints for this market.

The key manufacturers for the chillers market are DAIKIN INDUSTRIES, Ltd. (Japan), Trane (Ireland), Carrier Corporation (US), Smardt Chiller Group, Inc. (Canada), and Johnson-Hitachi Air Conditioning Co., Ltd. (Japan). These players are involved in expansions, new product launches, acquisitions, and joint venture strategies to enhance their market positions and to provide advanced solutions to customers.  For instance in 2016, DAIKIN INDUSTRIES, Ltd. (Japan) expanded its presence in Italy’s chillers market by acquiring commercial refrigeration manufacturer Zanotti S.p.A. (Italy). In 2013, the company announced the expansion of its chillers business in Saudi Arabia by establishing Daikin Air Conditioning Saudi Arabia. The company plans to use the most advanced technology for the manufacture of chillers to cater various end-use industries such as chemical & petrochemical, medical & pharmaceutical and food & beverage. This development will enable the company to meet the increasing demand for chillers in the Middle East & Africa and Asia Pacific countries.

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