Chillers Market Revenue Growth and Quantitative Analysis Till 2030

1. Market Research Report EXCLUSIVE EDITION Chillers Market Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Chillers Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Chillers Market Revenue Growth and Quantitative Analysis Till 2030 Chillers Market by Product Type (Screw Chiller, Scroll Chiller, and Centrifugal Chiller), by Type (Air- Cooled Chiller and Water-Cooled Chiller), by Power Range (Less than 50 kW, and 50-200 kW), by End-Users, by Region – Global Share and Forecast to 2030 Description According to the Market Statsville Group (MSG), the global chillers market size was USD 9,820.5 million in 2021 and is expected to reach USD 13,132.9 million by 2030, registering a CAGR of 3.7% during the forecast period (2022 to 2030). Commercial sectors such as hotels, data centers, hospitals, and offices exhibit high demand for various types of chillers. They are energy-efficient, lightweight, environment-friendly, easy to install and eliminate greenhouse gas emissions. Moreover, there is a surge in demand from the pharmaceutical industry and food & beverages industry for chillers due to a rise in adoption in areas such as distillers, food & dairy processing units, breweries, wineries, and vineyards drive the growth of the global chillers market. A rise in the hospitality sector is expected to increase demand for chillers to reduce excess heat and maintain temperature. This drives the market growth over the forecast period. However, the high installation and maintenance cost associated with the chillers is anticipated to hamper the market's growth. Request Sample Copy of this Report: https://www.marketstatsville.com/request- sample/chillers-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Global Chillers Market Definition Chillers are the refrigeration devices designed to store food, beverage, related ingredients, medicines, and other perishable items to increase their life cycle. In addition, they are used for other purposes, such as the removal of heat from data centers. Global Chillers Market Dynamics Drivers: Increase in demand for chillers in the medical industry An upsurge in demand for chillers in the medical or pharmaceutical industry has fueled the market growth in the region. The applications in the pharmaceutical industry are varied and constantly require different types of chillers in terms of cooling types, source of cooling, and power range. This affects the design, size, and compressor used in chillers. Medical devices such as MRI machines, CT scanners, and PET scanners require consistent use of chillers for higher efficiency. With a population of around 1.40 billion in 2020, both medical and pharmaceutical markets in China are expected to witness considerable growth in the coming years. Restraints: Rise in demand for VRF systems Variable refrigerant flow (VRF) is a refrigeration system that consists of one outdoor condensing unit and multiple indoor units. VRF is a more sophisticated version of the HVAC and chiller system. It is engaged in offering refrigerant instead of chilled water and piping hot water to each fan coil unit or any air handling unit. Compared to industrial chillers, the VRF system has energy-efficient technologies, including heat pumping & heat recovery between warm, variable speed compressor & fan, and cold refrigerants. In addition, the VRF system provides a more energy-efficient strategy, which consumes 11%–17% less energy than conventional chiller units. Furthermore, VRF systems offer features such as variable-output systems, lower energy costs, and energy-efficient chiller operations, which act as a major restraint for the global chillers market. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Global Chillers Market Segmentation The study categorizes the chillers market based on product type, power range, type, end-users, and region. Direct Purchase Report: https://www.marketstatsville.com/buy-now/chillers- market?opt=2950 By Product Type Outlook (Revenue, USD Million, 2017-2030) •Screw Chiller •Scroll Chiller •Centrifugal Chiller •Others By Type Outlook (Revenue, USD Million, 2017-2030) •Air-cooled Chiller •Water-cooled Chiller By Power Range Outlook (Revenue, USD Million, 2017-2030) •Less than 50 kW •50-200 kW •More than 200 kW By End-Users Outlook (Revenue, USD Million, 2017-2030) •Chemicals & petrochemicals •Food & beverages •Medical •Others © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. By Region Outlook (Revenue, USD Million, 2017-2030) •North America • US • Canada • Mexico •Europe • Germany • Italy • France • UK • Spain • Poland • Russia • The Netherlands • Norway • Czech Republic • Rest of Europe •Asia Pacific • China • Japan • India • South Korea • Indonesia • Malaysia • Thailand • Singapore • Australia & New Zealand • Rest of Asia Pacific •South America • Brazil • Argentina • Colombia • Rest of South America •The Middle East & Africa • Saudi Arabia • UAE • South Africa • Northern Africa • Rest of MEA © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. The screw chiller segment accounts for the largest market share, by product type By product type, the global chillers market is categorized into screw chillers, scroll chillers, centrifugal chillers, and others. The screw chiller segment dominates the global chillers market with a market share of 46.2%. Screw chillers are used for cooling solutions in air conditioning systems as well as industrial processes. A rise in demand for process cooling in industrial applications due to features such as energy efficiency, variable speed, environment-friendly, compact size, and minimal maintenance cost drives the market's growth. An increase in urbanization and industrialization in emerging economies such as France, the U.S., Germany, and others, propel the growth of the screw chillers market globally. Access full Report Description, TOC, Table of Figure, Chart, etc:https://www.marketstatsville.com/table-of-content/chillers-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. Asia Pacific accounts for the highest CAGR during the forecast period Based on the regions, the global chillers market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The Asia Pacific is the fastest-growing region, followed by North America during the forecast period. Asia- Pacific region includes China, Japan, India, Australia, and rest of Asia-Pacific. China has witnessed rapid population growth and industrialization from the past few years, resulting in establishments of new industrial units and a rise in residential construction. Moreover, an increase in energy consumption and strict government norms for installing heating, and air conditioning systems in North America, are expected to boost the growth of the chillers market. An increase in construction-related activities and growth in housing for single, and multi-unit dwellings is expected to boost the demand for the product, which is projected to supplement the growth of the chillers market. Request For Report Description: https://www.marketstatsville.com/chillers- market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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