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
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.
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.