The global Chiller market size is estimated at 12,671.7 million USD with a CAGR of 3.9% during the forecasted period from 2021-2028. A chiller is basically a water-cooling circulation device which controls temperature by circulating a liquid and removing heat.
The key factor that drives the growth of Chillers market is attributed to increasing demand from various sectors such as food & beverage, medical, plastic, petrochemicals, etc. In addition, environmental factors such as global warming is causing an increase in temperature. This in turn, surges the demand for cooling equipment which positively impacts the market growth. Also, increasing construction activities is projected to uphold the market size. Moreover, changing standard of living and rise in disposable income is significantly flourishing the market growth. Furthermore, a major share is witnessed from the food & beverage industry owing to ever increasing consumption of frozen food.
On the other hand, rising prices of raw materials coupled with high production cost is expected to pose a threat to the Chillers Market growth.
â¢ To define the scope and simplify the research study based on type, end user and geography.
â¢ Estimate the current market size and forecast the same for the period (2017-2024).
â¢ Market share by revenue for each segment and region analyzed.
â¢ To provide insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the forecast period.
â¢ Micro and macro level analysis of the market to elucidate lucrative investment opportunities.
â¢ Porterâs five forces analysis to deliver a comprehensive buyer-seller scenario and the state of business environment.
â¢ Identification of the chiller market trends in current scenario and its growth indicators.
â¢ Benchmarking leading vendors in the chiller industry based on their strategic attempts, financial status, and other internal and external parameters.
â¢ Centrifugal Chiller
â¢ Absorption Chiller
â¢ Reciprocating Chiller
â¢ Screw Chiller
â¢ Scroll Chiller
By End User
â¢ Medical & Others
â¢ Chemicals & Petrochemicals
â¢ Food & Beverages
â¢ North America
o Rest of Europe
o Rest of Asia-Pacific
â¢ Rest of the World
o Rest of World
For this specific report, we offer 20% of free customization in order to deliver a tailored research report that specifically covers areas of clientâs interest in the chiller market. Following are some most desired customization offers on this report:
â¢ Split of the regional market into specific countries as per clientâs research requirements.
â¢ Further breakdown of the major segments into sub-segments (as per request).
Vendor Profile Customization
â¢ Further exhaustive analysis of additional companies operating in the market as per request.
â¢ Research report on chiller market covering specific country/region only.
â¢ Requests for data tables only (specific requirement to quantitative research).