chiller market

1
2022
Chiller Market To Generate 10,880.3 Million
Revenue in 2030
2
A number of factors, such as the growing focus on
environmental sustainability, rising global
temperature, expanding construction industry,
increasing spending on infrastructure
development, rising need for cooling systems in
industrial units, and surging industrialization
rate, are projected to boost the growth of the
chiller market at a CAGR of 5.0 in the forecast
period (20202030). At this growth rate, the
market size is expected to reach 10,880.3
million by 2030 from 7,330.7 million in 2019.
  The primary factor improving the chiller
market growth prospects is the expanding
construction industry. Due to the increasing
number of construction projects, such as office
premises, airports, metro networks, and
residential buildings, the construction market is
expected to reach 12.8 trillion, globally, by
2022 from 10.5 trillion in 2017. For example,
London had 115 high-rise buildings under
construction in 2018. Similarly, by 2025, China
will construct 136 airports. Thus, with the
increasing construction activities, the demand
for chillers is surging, as these are widely used
in all such spaces.   Request for sample copy of
this report https//www.psmarketresearch.com/mark
et-analysis/chiller-market/report-sample   Another
key driver is the increasing global temperature.
On burning fossil fuels, greenhouse gases (GHG),
like methane, carbon dioxide, and nitrous oxides,
are released in high amounts, which leads to the
absorption of infrared (IR) radiation by the
atmosphere, in turn, increasing the temperature
of the earth. In 2019, the global temperature was
1.1 C higher than the average temperature during
18501900, as per the World Health Organization
(WHO). The rising temperature results in the
rapid deployment of chillers in the industrial,
commercial, and residential sectors, across the
globe.
3
The type segment of the chiller market is
classified into scroll, screw, absorption,
centrifugal, and reciprocating. Among these, the
scroll category accounted for the largest share
in 2019 in the market. This is attributed to the
increasing requirement for low-cooling-capacity
chillers in hospitality units and office
buildings across the world. The centrifugal
category is projected to record the fastest
growth during the foreseeable period owing to the
increasing demand for centrifugal chillers in
several industries due to their
cost-effectiveness.   Additionally, the chiller
market is categorized into industrial,
commercial, and residential, based on end user.
Out of these, the residential category is
expected to record the fastest growth during the
forecast period. This can be ascribed to the
increasing urbanization rate and surging
popularity of the district cooling method in
urban areas. The industrial category accounted
for the largest market share in 2019 due to the
rising need to replace outdated chillers with new
ones, to increase operational efficiency and
protect the environment, and the growing food and
beverages sector.   Browse full report at
https//www.psmarketresearch.com/market-analysis/c
hiller-market   According to PS Intelligence,
the Asia-Pacific (APAC) region accounted for the
largest share in the chiller market in 2019,
globally, and it is expected to witness the same
trend in the coming years. This is attributed to
the growing construction industry, expanding
information technology (IT) sector, and surging
number of data centers in the region. Among APAC
countries, China leads the regional market due to
the increasing number of construction projects,
especially in Shanghai and Wuhan, such as rail
networks, office complexes, and airports.
  Thus, the growing construction industry and
the increasing temperature across the globe are
expected to propel the market during the forecast
period.
4
Market Segmentation

• Market Segmentation by Type
• Screw
• Water-cooled
• Air-cooled
• Scroll
• Water-cooled
• Air-cooled
• Centrifugal
• Water-cooled
• Air-cooled
• Absorption
• Direct-fired
• Hot-water
• Steam

• Reciprocating
• Water-cooled
• Air-cooled
• Market Segmentation by Capacity
• Water-cooled
• Less than 500 T
• 500 T1,000 T
• 1,001 T2,000 T
• Above 2,000 T
• Air-cooled
• Less than 150 T
• 150 T300 T
• 301 T500 T
• Above 500 T

5
Market Segmentation

• Market Segmentation by End-User
• Commercial
• Hospitality
• Transportation
• Offices and buildings
• Healthcare
• Supermarkets/Hypermarkets
• Government
• Others (data centers, banks, department stores,
  and convenience stores)
• Industrial
• Oil and gas
• Food and beverage
• Energy and utilities
• Pharmaceutical
• Automotive

• Residential
• Market Segmentation by Region
•  
• North America Chiller Market By type
• By capacity
• By end-user
• By country (U.S. and Canada)
• Europe Chiller Market
• By type
• By capacity
• By end-user
• By country (U.K., Germany, Italy, France, Spain,
  Turkey, Russia, and Rest of Europe)

6
Market Segmentation

• Asia-Pacific (APAC) Chiller Market
• By type
• By capacity
• By end-user
• By country (China, Japan, India, South Korea,
  Indonesia, Thailand, Malaysia, Sri Lanka,
  Bangladesh, Bhutan, and Rest of APAC)
• Latin America (LATAM) Chiller Market
• By type
• By capacity
• By end-user
• By country (Brazil, Mexico, Argentina, and Rest
  of LATAM)

• Middle East and Africa (MEA) Chiller Market
• By type
• By capacity
• By end-user
• By country (Saudi Arabia, U.A.E, Egypt, Israel,
  Nigeria, Oman and Bahrain, South Africa, Kuwait,
  Qatar, Ivory Coast, Kenya, Uganda, Tanzania, and
  Rest of MEA)

7
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.