Water Chillers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A water chiller is a device that lowers the water's temperature. Most chillers employ refrigerant in a closed loop system to enable heat transfer from water to refrigerant, which is subsequently piped to a place where waste heat is transported to the atmosphere. Rising demand for water chillers across verticals such as, pharmaceutical, plastic and rubber, food and beverage along with increasing demand for district cooling over traditional methods of cooling are likely to boost market growth during the forecast period.

MARKET DYNAMICS

Rising demand for water chillers across verticals such as, pharmaceutical, plastic and rubber, food and beverage along with increasing demand for district cooling over traditional methods of cooling are likely to boost market growth during the forecast period. Moreover, the benefit of water chillers is that they are energy efficient devices is further expected to propel market growth during the forecast period. Additionally, growth in construction industry and technological advancements in chiller system are expected to fuel the market growth. Whereas, high cost of water chillers and issues like it is less efficient in humidity are likely to restrain market growth during the forecast period.

MARKET SCOPE

The "Global Water chillers Market Analysis to 2031" is a specialized and in-depth study of the Water chillers Market with a special focus on the global market trend analysis. The report aims to provide an overview of Water chillers market with detailed market segmentation by type, capacity and industry. The global Water chillers market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Water chillers market player and offers key trends and opportunities in the Water chillers market.

MARKET SEGMENTATION

The global Water chillers market is segmented as, type, capacity and industry. Based on type the market is segmented as, screw chiller, scroll chiller, centrifugal chiller and others. Based on capacity the market is segmented as, >700, 351-700, 101-350, 0-100. Further, based on industry the market is segmented as, plastic and rubber, food and beverage, chemical and petrochemical, pharmaceutical, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Water chillers market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Water chillers market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Water chillers Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Water chillers market in these regions.

MARKET PLAYERS

The reports cover key developments in the Water chillers market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Water chillers market are anticipated to lucrative growth opportunities in the future with the rising demand for Water chillers market. Below mentioned is the list of few companies engaged in the Water chillers market.

The report also includes the profiles of key Water chillers market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   DAIKIN INDUSTRIES, Ltd
•   Thermax Limited
•   Trane
•   Carrier
•   Johnson Controls.
•   Blue Star Limited
•   LabTech S.r.l.
•   HIVER Aircon Pvt.Ltd
•   Mjl Lab Instruments and Equipments
•   Sioux Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Water Chillers Report Scope