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#global water chillers market size#water chillers market competitive analysis#water chillers market forecast#water chillers market growth trends#water chillers market share
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Aquarium Chillers Market Share, Trends, Forecast by 2024-2032 | Reports and Insights
The Reports and Insights, a leading market research company, has recently releases report titled “Aquarium Chillers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Aquarium Chillers Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Aquarium Chillers Market?
The global aquarium chillers market was valued at US$ 1.7 Billion in 2023 and is expected to register a CAGR of 3.9% over the forecast period and reach US$ 2.40 Bn in 2032.
What are Aquarium Chillers?
Aquarium chillers are specialized cooling devices designed to regulate water temperatures in aquariums, especially for sensitive aquatic life such as reef fish and corals. These chillers function by removing heat from the water, maintaining a stable environment that prevents overheating, which can be harmful to fish and other marine organisms. Typically integrated with the aquarium's filtration system, they utilize a refrigeration cycle to cool the water and can be set to specific temperatures based on the needs of the aquatic species. Essential for both freshwater and saltwater environments, aquarium chillers promote the health and well-being of aquatic inhabitants while also supporting the growth of live plants and corals within the aquarium.
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What are the growth prospects and trends in the Aquarium Chillers industry?
The aquarium chillers market growth is driven by various factors and trends. The aquarium chillers market is experiencing steady growth, fueled by the increasing popularity of home aquariums and heightened awareness of proper aquatic care among both hobbyists and professionals. As more enthusiasts aim to maintain optimal water temperatures for various fish species and coral reefs, the demand for reliable and efficient cooling systems is rising. Technological advancements are also improving the efficiency and performance of aquarium chillers, making them more energy-efficient and user-friendly. Furthermore, the growing trend of aqua scaping and the desire to maintain high-quality aquatic environments are contributing to market expansion. As consumers continue to prioritize the health and well-being of their aquatic life, the aquarium chillers market is expected to grow significantly in the coming years. Hence, all these factors contribute to aquarium chillers market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Chiller Type
In-line Chillers
Submersible Chillers
Drop-In Chillers
Thermoelectric Chillers
Others
By Aquarium Size
Small (Up to 20 Gallons)
Medium (20-100 Gallons)
Large (Above 100 Gallons)
By Chiller Capacity
Upto 0.1 HP
1 to 0.5 HP
5 to 1 HP
Above 1 HP
By Sales Channel
Wholesalers/Retailers
Hypermarket/Supermarket
Direct Sales
Specialty Stores
Online Stores
By Application
Freshwater Aquariums
Saltwater Aquariums
Reef Tanks
Public Aquariums
Others
By End Users
Private
Commercial
Aquarium Shops
Public Aquariums
Research Institutes
Zoos
Others
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Benelux
Nordic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
EHEIM GmbH & Co. KG.
TECO S.r.l
Pentair Aquatic Eco-Systems
Lando Technology Industrial Co., Ltd.
MTA Deutschland GmbH
Penguin Chillers
JBJ Arctica
Fluval Co.
Cobalt Aquatics
Ista Professional Aquarium System
CNCEST
INKBIRD
DaToo
Miumaeov Co.
Anself
Hamilton Technology
Envisys Technologies
Stars Refrigerating Equipment Group Ltd.
View Full Report: https://www.reportsandinsights.com/report/Aquarium Chillers-market
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The growing popularity of smart kitchens in home improvement is due to the rising demand for simple add-ons like self-regulating dispensers, motion-sensing water faucets, and chillers with a one-touch function. Additionally, efficient storage cabinetry, new appliance types and preferences, hardwood flooring, back splash trends, and an efficient link to the outdoors are expected to drive the growth of the market.
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Global Temporary Power Cooling Solutions Market Situation and Forecasting Trends Analysis 2024 - 2031
The global temporary power cooling solutions market is experiencing significant growth, driven by the increasing need for reliable cooling systems across various industries. This article provides an in-depth analysis of the market, exploring its key drivers, trends, challenges, and future outlook.
Overview of the Temporary Power Cooling Solutions Market
Temporary power cooling solutions are essential systems designed to provide immediate cooling support during power outages, equipment failures, or planned maintenance activities. These solutions are commonly used in industries such as construction, data centers, and manufacturing, ensuring optimal operational conditions.
Definition and Types of Temporary Power Cooling Solutions
Temporary power cooling solutions can be categorized into several types:
Portable Air Conditioners: Compact units that can be easily moved to provide cooling in specific areas as needed.
Chillers: Large-scale systems that circulate chilled water or coolant for temperature control in industrial applications.
Cooling Towers: Structures that dissipate heat from industrial processes, often used in conjunction with chillers.
Evaporative Coolers: Systems that cool air through the evaporation of water, suitable for arid environments.
Market Drivers
Several factors are driving the growth of the global temporary power cooling solutions market:
Increasing Demand for Data Centers
The proliferation of data centers, driven by the digital transformation and cloud computing, has led to a heightened demand for efficient cooling solutions. Maintaining optimal temperatures in these facilities is crucial for performance and reliability.
Uninterrupted Operations
Businesses across various sectors are increasingly reliant on uninterrupted power supply. Temporary cooling solutions help mitigate risks associated with equipment overheating during power outages or system failures.
Growth of the Construction Industry
The booming construction industry often requires temporary cooling solutions for equipment and personnel. This sector's growth is a significant contributor to the demand for portable and efficient cooling systems.
Market Trends
The temporary power cooling solutions market is characterized by several emerging trends:
Adoption of Energy-Efficient Technologies
There is a growing emphasis on energy efficiency in cooling systems. Manufacturers are investing in advanced technologies, such as variable-speed compressors and smart controls, to enhance performance while reducing energy consumption.
Integration with Renewable Energy
As organizations increasingly adopt renewable energy sources, temporary cooling solutions are being integrated with solar and wind power systems to ensure sustainable operations, particularly in remote locations.
Customization and Flexibility
Businesses are seeking customized cooling solutions tailored to their specific needs. Providers are responding by offering modular systems that can be scaled up or down based on demand.
Challenges in the Market
Despite its growth potential, the temporary power cooling solutions market faces several challenges:
High Initial Costs
The initial investment for advanced cooling systems can be significant, potentially deterring some businesses from adopting these solutions.
Competition from Traditional Cooling Methods
Established cooling technologies may pose a competitive challenge. Companies need to demonstrate the advantages of temporary cooling solutions over traditional methods to capture market share.
Regulatory Compliance
Compliance with environmental regulations regarding energy efficiency and emissions can complicate the development and implementation of cooling solutions.
Future Outlook
The global temporary power cooling solutions market is expected to continue its growth trajectory in the coming years. Key factors influencing this outlook include:
Expansion in Emerging Markets
Rapid industrialization and urbanization in emerging markets are likely to drive demand for temporary cooling solutions, particularly in construction and manufacturing sectors.
Increasing Importance of Climate Control
As extreme weather conditions become more frequent, the need for reliable cooling solutions is expected to rise, bolstering the market for temporary power cooling systems.
Technological Advancements
Continued innovation in cooling technologies, including AI-driven controls and IoT integration, will enhance the efficiency and effectiveness of temporary cooling solutions.
Conclusion
The global temporary power cooling solutions market is positioned for significant growth, driven by rising demand from data centers, the construction industry, and the need for uninterrupted operations. As businesses seek efficient and sustainable cooling options, manufacturers must focus on innovation and customization to meet evolving market needs. Addressing challenges such as high initial costs and regulatory compliance will be crucial for success in this dynamic industry. The future of the market appears promising, with increasing emphasis on energy efficiency and climate control driving further advancements.
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Chillers Market Size, Share, Growth, Analysis Forecast to 2030
Chillers Industry Overview
The global chillers market size was estimated at USD 9,928.3 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.
The market is driven by the rising need for cost-effective and energy-efficient space cooling solutions in commercial and industrial sectors. This, in turn, is expected to augment the demand for the chillers market over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Chillers Market
According to the U.S. Department of Agriculture (USDA), the growing population, rising consumer disposable income, and ongoing urbanization are expected to augment the growth of commercial and residential sector in the country in the forecast period. The demand for chillers in the U.S. residential sectors is driven by a combination of factors, including the need for efficient and reliable air conditioning systems. With a focus on energy efficiency, homeowners are increasingly adopting chillers equipped with advanced technologies and smart controls to ensure precise temperature regulation while minimizing environmental impact. In the commercial sector, the demand for chillers remains robust, particularly in industries such as hospitality, healthcare, and data centres.
Moreover, chillers play a pivotal role in maintaining optimal temperatures for occupant comfort, equipment reliability, and critical processes. The trend towards sustainable building practices and stringent energy efficiency standards further accelerates the adoption of chillers in both residential and commercial applications across the U.S.
The integration of advanced technologies is transforming the global market. Smart chillers, equipped with IoT capabilities, sensors, and predictive maintenance features, allow for remote monitoring and optimization. These technologies enhance overall system efficiency, reduce downtime, and contribute to cost savings. These aforementioned factors are further expected to drive the demand for market over the forecast period.
Global Chillers Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global chillers market report based on product, application, compressor type, and region
Product Outlook (Revenue, USD Million, 2018 - 2030)
Water-Cooled
<50kW
51-100kW
101-500kW
501-1000kW
1001-1500kW
>1501kW
Air -Cooled
<50kW
51-100kW
101-500kW
501-1000kW
1001-1500kW
>1501kW
Application Outlook (Revenue, USD Million, 2018 - 2030)
Commercial
Corporate Offices
Data Centers
Public Buildings
Mercantile & Service
Healthcare
Others
Industrial
Chemicals & Pharmaceuticals
Food & Beverage
Metal Manufacturing & Machining
Medical & Pharmaceutical
Plastics
Others
Residential
Compressor Type Outlook (Revenue, USD Million, 2018 - 2030)
Screw Chillers
Centrifugal Chillers
Absorption Chillers
Scroll Chillers
Reciprocating Chillers
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Asia Pacific
China
Japan
India
Australia
Thailand
South Korea
Indonesia
Malaysia
Central & South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
South Africa
UAE
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Key Chillers Company Insights
The global market is highly competitive on account of the presence of global and local manufacturers. Companies are engaged in expansion through mergers & acquisitions and joint ventures. These companies offer a wide range of systems that are sold through multiple channels, including distributors, company-owned websites, retailers & their websites, and e-commerce websites. For instance, in May 2023, Trane acquired MTA, an Italian manufacturer and distributor specializing in industrial refrigeration and air conditioning equipment. This strategic acquisition is expected to enhance Trane's commercial HVAC capabilities, particularly in key markets, by incorporating MTA's process chillers and expanding the rental and services business. With manufacturing sites located in Tribano and Conselve and a workforce of approximately 500 employees, MTA has an annual production capacity of 13,500 systems.
Key Chillers Companies:
The following are the leading companies in the chillers market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these chillers companies are analyzed to map the supply network
Trane
Cold Shot Chillers
Tandem Chillers
Drake Refrigeration, Inc
Refra
Carrier
FRIGEL FIRENZE S.p.A.
Midea
Daikin Industries, Ltd.
Johnson Controls
Rite-Temp
General Air Products
ClimaCool Corp.
Fluid Chillers, Inc.
Multistack International Limited
Honeywell International, Inc
Recent Developments
In December 2022, Trane unveiled its latest offerings, the water-cooled XStream eXcellent GVWF and air-cooled Sintesis eXcellent GVAF chillers. These innovative chillers incorporate magnetic-bearing compressors and utilize the low global warming potential (GWP) refrigerant R1234ze. Equipped with high-speed centrifugal compressor technology, these chillers deliver larger capacities, wider operating maps to meet challenging European climate conditions, and enhanced seasonal efficiencies, all while maintaining a compact size
In April 2021, refrigeration equipment manufacturer Refra initiated production operations at its newly established facility in Vievis, located in close proximity to the capital city, Vilnius, Lithuania. Spanning an area of 12,000 square meters, the factory is situated approximately 40 kilometers northwest of Refra's headquarters in Vilnius. The expansion has resulted in the creation of employment opportunities for an additional 100 individuals
Order a free sample PDF of the Chillers Market Intelligence Study, published by Grand View Research.
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Global Top 24 Companies Accounted for 42% of total Laboratory Chillers market (QYResearch, 2021)
Chillers generate chilled water, which is used to provide air conditioning in buildings. All building generate a lot of unwanted heat, whether is be solar heat gain from the sun beating down on it or from the occupants inside and the equipment they use.
This report focuses on Chillier for laboratory.
According to the new market research report “Global Laboratory Chillers Market Report 2023-2029”, published by QYResearch, the global Laboratory Chillers market size is projected to reach USD 0.45 billion by 2029, at a CAGR of 4.3% during the forecast period.
Figure. Global Laboratory Chillers Market Size (US$ Million), 2018-2029
Figure. Global Laboratory Chillers Top 24 Players Ranking and Market Share（Based on data of 2021, Continually updated）
The global key manufacturers of Laboratory Chillers include Thermo Fisher Scientific, Yamato Scientific, JULABO GmbH, PolyScience, Peter Huber Kaltemaschinenbau, SP Industries, Inc, Cole-Parmer, VWR, LAUDA-Brinkmann, Zhengzhou Greatwall, etc. In 2021, the global top 10 players had a share approximately 42.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
For more information, please contact the following e-mail address:
Email: [email protected]
Website: https://www.qyresearch.com
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Absorption Chillers Market Outlook Report 2024-2030: Trends, Strategic Insights, and Growth Opportunities | GQ Research
The Absorption Chillers Market is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Absorption Chillers Market showcased a significant presence, boasting a valuation of US$ 1603.2 Million. This underscores the substantial demand for Acetophenone technology and its widespread adoption across various industries.
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Projected Growth: Projections suggest that the Absorption Chillers Market will continue its upward trajectory, with a projected value of US$ 2196.39 Million by 2030. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.
Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 4.60%, reflecting a steady and robust growth rate for the Absorption Chillers Market over the coming years.
Technology Adoption:
In the Absorption Chillers market, technology adoption focuses on the utilization of thermally driven cooling systems that utilize heat energy for refrigeration purposes. These chillers use absorption cycles to transfer heat from a low-temperature heat source to a higher-temperature heat sink, typically using water and lithium bromide or ammonia as refrigerants. Advanced absorption chillers incorporate improvements in heat exchanger design, refrigerant absorption efficiency, and cycle optimization to enhance overall performance and energy efficiency.
Application Diversity:
The Absorption Chillers market serves various applications across industries such as commercial buildings, industrial processes, district cooling systems, and refrigeration. In commercial buildings, absorption chillers provide cooling solutions for air conditioning, space cooling, and comfort cooling in office buildings, hotels, hospitals, and shopping malls. In industrial processes, absorption chillers support cooling requirements for chemical processing, food and beverage production, and pharmaceutical manufacturing. Additionally, absorption chillers are used in district cooling systems to provide centralized cooling services to multiple buildings in urban areas.
Consumer Preferences:
Consumer preferences in the Absorption Chillers market are influenced by factors such as energy efficiency, reliability, maintenance requirements, and cost-effectiveness. End-users prioritize absorption chillers that offer high energy efficiency and low operating costs, helping to reduce electricity consumption and operational expenses. Additionally, consumers value reliable performance and minimal downtime, especially in critical applications where uninterrupted cooling is essential. Moreover, ease of maintenance, availability of spare parts, and compatibility with existing infrastructure are important considerations for consumers when selecting absorption chillers.
Technological Advancements:
Technological advancements in the Absorption Chillers market focus on improving efficiency, performance, and environmental sustainability through innovations in materials, heat transfer technology, and system design. Research efforts aim to develop advanced absorption materials and formulations with higher absorption capacity and stability, enabling chillers to operate more efficiently across a wider range of operating conditions. Additionally, advancements in heat exchanger design, such as microchannel and plate heat exchangers, enhance heat transfer efficiency and reduce pressure drop, leading to improved overall chiller performance. Moreover, integration with renewable energy sources and waste heat recovery systems further enhances energy efficiency and reduces environmental impact in absorption chiller applications.
Market Competition:
The Absorption Chillers market is characterized by competition among chiller manufacturers, HVAC system integrators, and energy service companies, driven by factors such as technology innovation, performance, reliability, and cost competitiveness. Major players leverage their expertise in absorption technology, research and development capabilities, and global distribution networks to maintain market leadership and gain competitive advantage. Meanwhile, smaller manufacturers and niche players differentiate themselves through specialized product offerings, customization capabilities, and targeted customer support services. Additionally, strategic partnerships, collaborations, and acquisitions are common strategies for companies to expand market presence and enhance product portfolios in the competitive Absorption Chillers market.
Environmental Considerations:
Environmental considerations are increasingly important in the Absorption Chillers market, with stakeholders focusing on reducing greenhouse gas emissions, minimizing refrigerant leakage, and promoting energy-efficient cooling solutions. Manufacturers strive to develop absorption chillers with low global warming potential (GWP) refrigerants, such as water and ammonia, to minimize environmental impact and comply with regulations on refrigerant usage. Additionally, efforts are made to improve energy efficiency and reduce electricity consumption in absorption chiller operations through system optimization, variable-speed control, and waste heat recovery. Moreover, initiatives such as life cycle assessment (LCA), eco-design principles, and environmental certifications contribute to promoting sustainable practices and responsible consumption in the Absorption Chillers market.
Top of Form
Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.
Key players in the industry include:
Thermax Limited
Carrier Corporation
Trane Technologies plc
Johnson Controls International plc
Broad Air Conditioning Co., Ltd.
Yazaki Corporation
Robur Corporation
Mitsubishi Heavy Industries Thermal Systems, Ltd.
Hitachi Appliances, Inc.
Shuangliang Eco-Energy Systems Co., Ltd.
EAW Energieanlagenbau GmbH
Century Corporation
The research report provides a comprehensive analysis of the Absorption Chillers Market, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.
For more information and to access a complimentary sample report, visit Link to Sample Report: https://gqresearch.com/request-sample/global-absorption-chillers-market/
About GQ Research:
GQ Research is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between.
Contact:
Jessica Joyal
+1 (614) 602 2897 | +919284395731
Website - https://gqresearch.com/
#absorptionchillers#energyefficiency#sustainablecooling#infrastructuredevelopment#environmentalimpact
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Chilling Prospects: Anticipated Surge in Absorption Chillers Market to Reach US$ 2.37 Billion by 2032 with Sustainable Growth
The absorption chillers market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Absorption Chillers market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Absorption Chillers. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The global absorption chillers market is expected to be valued at US$ 1,532.7 Million in 2022 and expected to reach US$ 2,376.8 Million by 2032. A CAGR worth 4.5% is expected for the market during the 2022-2032 forecast period.
A chiller, also known as an absorption chiller, is a thermally powered refrigeration system that uses a sorbent solution or a liquid refrigerant and a heat source to provide cooling to buildings. These absorption chillers use less energy than traditional absorption chillers such as electronic absorption chillers and industrial equipment, and they cool buildings without using ozone-depleting chlorofluorocarbons (CFCs).
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Furthermore, absorption chillers use heat energy to pump with the least amount of mechanical energy, and they can be powered by steam, hot water, natural gas, or wastewater. There are two types of commercial absorption chillers: single-stage and double-stage systems. A one-stage system employs a single condenser and generator.
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The global modular chiller market size was valued at USD 4,170.7 million in 2021. It is expected to reach USD 7,351.15 million by 2030, growing at a CAGR of 6.5% during the forecast period (2022–2030).
For more detailed insights visit : https://straitsresearch.com/report/modular-chiller-market
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Recirculating Chillers Market Forecast 2024 to 2032
Recirculating chillers are cooling systems designed to circulate a fluid, typically water or a water-glycol mixture, to remove heat from various industrial or scientific processes. These chillers are used to maintain precise and stable temperature conditions, ensuring the efficient operation of equipment or experiments that generate heat.
The Recirculating Chillers Market was valued at USD 611.50 Million in 2022 and is expected to register a CAGR of 7.47% by 2032.
Research fields such as biotechnology, pharmaceuticals, materials science, and electronics rely heavily on precise temperature control to conduct experiments and develop innovative technologies. Recirculating chillers play a crucial role in maintaining stable and controlled temperatures, thereby driving demand from these sectors.
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#RecirculatingChillers#CoolingSystems#ChillerTechnology#TemperatureControl#IndustrialCooling#ChillerUnits#CoolingSolutions#LabEquipment#ProcessCooling
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Screw Chillers In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031
Screw Chillers Market Research, 2031
The global screw chillers market size was valued at $4.6 billion in 2021, and is projected to reach $6.5 billion by 2031, growing at a CAGR of 3.4% from 2022 to 2031.
A screw chiller comprises a female helical screw and a male helical screw. Both these screws are mechanically engaged with each other and rotate simultaneously. This rotation gradually compresses the fluid as it moves from one end of the cylinder to the other end. Screw chillers house a screw compressor to compress air, refrigerant, or other fluids. It is more compact, quieter and contain fewer parts than their alternatives such as centrifugal, reciprocating, centrifugal and absorption chillers.
A rise in demand for screw chillers from various industry verticals such as food & beverages, chemicals and petrochemicals, pharmaceutical, plastic, oil and gas, and others, fuels the screw chillers market growth. Screw chillers are in high demand, owing to its high volumetric efficiency and capability to provide uniform and continuous flow of refrigerants. Furthermore, screw chillers do not contain suction and discharge valve, which eliminates the possibility of pressure drop, thereby; achieving higher productivity. Moreover, it produces less vibrations, owing to smaller number of moving parts. Chillers with screw compressors are suitable for a wide range of applications having refrigerant flow in the range of 200 to 20,000 M3/Hr. Key manufacturer, such as Airedale International Air Conditioning Ltd., Trane Technologies Company, LLC., and Johnson Controls International PLC offer a wide range of screw chillers. Such advantages of screw chillers are anticipated to boost the screw chillers market opportunity.
The screw chillers market is segmented into Product Type, Compressor Type and End User Industry. On the basis of product type, the market is divided into air cooled chiller and water-cooled chillers. On the basis of compressor type, the market is divided into single and dual and twin. On the basis of end-user industry, the market is divided into food and beverage, chemical and petrochemicals, pharmaceutical, oil and gas and others. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The key players that operate in the screw chillers market are Carrier Global Corporation, Dunham Bush, EUROKLIMAT S.P.A., Haier Group, Johnson Controls, LG Electronics, McQuay Air-conditioning Ltd., Mitsubishi Electric Corporation, Robert Bosch GmbH, Trane Technologies Company LLC.
Full Report With TOC:-https://www.alliedmarketresearch.com/screw-chillers-market-A25786
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Water-Cooled Chillers Market Research, Analysis by Trends 2032
The Reports and Insights, a leading market research company, has recently releases report titled “Water-Cooled Chillers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Cooled Chillers Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Water-Cooled Chillers?
The global water-cooled chillers market size reached US$ 4.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 5.6 billion in 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.
What are Water-Cooled Chillers Market?
Water-cooled chillers are refrigeration systems utilized to extract heat from liquids by employing water as the cooling agent. These chillers find extensive applications in air conditioning, industrial processes, and large-scale facilities where effective cooling is crucial. The process involves circulating water through a condenser to absorb heat from a refrigerant gas. This gas is subsequently compressed and cooled, generating chilled water for various cooling needs. Known for their efficiency and ability to handle substantial cooling demands, water-cooled chillers are ideal for environments requiring precise temperature regulation and energy conservation.
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What are the growth prospects and trends in the Water-Cooled Chillers Market industry?
The water-cooled chillers market growth is driven by various factors and trends The water-cooled chillers market includes systems that effectively remove heat from liquids using water as a cooling agent. These chillers are vital for applications in air conditioning, industrial processes, and large-scale facilities where efficient cooling is paramount. Growth in the market is fueled by rising demand for energy-efficient cooling solutions, stringent environmental regulations favoring sustainable technologies, and expanding construction and industrial activities. Manufacturers are prioritizing improvements in chiller efficiency, reliability, and environmental sustainability to meet varied customer demands and global regulatory standards. Hence, all these factors contribute to water-cooled chillers market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type:
Centrifugal Chillers
Screw Chillers
Absorption Chillers
Reciprocating Chillers
Scroll Chillers
Capacity
Small Capacity Chillers
Medium Capacity Chillers
Large Capacity Chillers
End-Use Industry
Manufacturing
Commercial Buildings
Data Centers
Healthcare
Hospitality
Others
Application
Air Conditioning
Process Cooling
Compressor Type
Scroll Compressors
Screw Compressors
Centrifugal Compressors
Reciprocating Compressors
Refrigerant Type
Hydrochlorofluorocarbon (HCFC)
Hydrofluorocarbon (HFC)
Ammonia
Others
Power Source
Electric Chillers
Absorption Chillers
Engine-Driven Chillers
Component
Compressors
Condensers
Evaporators
Control Systems
Others
Sales Channel
Direct Sales
Distributor/Wholesaler
Service Type
Installation and Commissioning
Maintenance and Repair
Consulting and Training
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
India
Japan
South Korea
Australia
New Zealand
ASEAN
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa:
Saudi Arabia
United Arab Emirates
South Africa
Egypt
Israel
Rest of MEA.
Who are the key players operating in the industry?
The report covers the major market players including:
Daikin Industries Ltd.
Johnson Controls International plc
Trane Technologies plc
Carrier Global Corporation
Mitsubishi Electric Corporation
York (Johnson Controls)
LG Electronics Inc.
Schneider Electric SE
Climaveneta (Mitsubishi Electric)
Smardt Chiller Group Inc.
McQuay International (Daikin)
Thermax Limited
Multistack International Limited
Frigel Firenze S.p.A.
Broad Air Conditioning Co. Ltd.
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#Water-Cooled Chillers Market Size#Water-Cooled Chillers Market Share#Water-Cooled Chillers Market Demand#Water-Cooled Chillers Market Analysis
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Industrial Cooling System Market – Registering a CAGR of 5.5%, Industry Trends, Current Key Players,size,share
The reliable Industrial Cooling System market research study presents actionable market insights with which sustainable and money-spinning business strategies can be created. Here, market segmentation is performed in detail based on various parameters that include applications, verticals, deployment model, end user, and geography. All the information, facts, and statistics covered in the report lead to actionable ideas, improved decision-making and better deciding business strategies. The business report assists define, describe and forecast the market by type, application and region. With the complete comprehension of business goals and needs to bridge the gap, Industrial Cooling System report is generated which delivers the most suitable solutions.
Furthermore, Industrial Cooling System market report provides superior market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. The report comprises of estimations of CAGR values which are quite significant and aids businesses to decide upon the investment value over the time period. The market study in this reliable market report also analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors by keeping SWOT analysis and Porter's Five Forces Analysis as a base. An insightful Industrial Cooling System market report assists clients to stay ahead of the time and competition.
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Global Industrial Cooling System Market Definition
Industrial cooling systems are products or equipment that are used to cool air in a working environment. Cooling systems are required in a variety of sectors to protect appliances from overheating. An industrial cooling system is one that manages the temperature in a facility. Different types of cooling systems are used to keep production processes cold, such as exothermic reactions and component and machine overheating.
Global Industrial Cooling System Market Scope
The industrial cooling system market is segmented on the basis of type, product type and end- user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Evaporative Cooling Systems
· Air Cooling System
· Hybrid Cooling System
· Water Cooling System
On the basis of type, the industrial cooling system market has been segmented into evaporative cooling systems, air cooling system, hybrid cooling system and water cooling system.
Product Type
· Dry Cooling
· Wet Cooling
· Hybrid Cooling
· Water Chillers
· Heat Exchanger
The industrial cooling system market has also been segmented on the basis of product type into dry cooling, wet cooling, hybrid cooling, water chiller and heat exchanger.
End- User
· Power Generation
· Industrial Manufacturing
· Petrochemical Processing
· Food Processing and Storage
· Petroleum and Natural Gas Refining
· Pharmaceuticals
· Data Center
On the basis of end- user, the industrial cooling system market is segmented into power generation, industrial manufacturing, petrochemical processing, food processing and storage, petroleum and natural gas refining, pharmaceuticals and data center.
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Industrial Cooling System Market Share Analysis
The industrial cooling system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial cooling system market.
Some of the major players operating in the industrial cooling system market are
· Baltimore Aircoil Company (U.S.)
· Bell Cooling Tower (India)
· Brentwood Industries Inc. (U.S.)
· Hamon (Belgium)
· Johnson Controls (U.S.)
· Paharpur Cooling Towers Ltd., (India)
· SPIG S.p.A. (Italy)
· SPX Corporation (U.S.)
· Star Cooling Towers Pvt Ltd (India)
· Airedale International Air Conditioning Ltd. (U.K.)
· SPX Corporation (U.S.)
· Berg Chilling Systems Inc., (Canada)
· Star Cooling Towers Pvt Ltd (India)
· Emerson Electric Co. (U.S.)
· Honeywell International Inc. (U.S.)
· Mitsubishi Electric Corporation (Japan)
· Samsung (South Korea)
· FUJITSU (Japan)
· Hitachi Ltd (Japan)
Industrial Cooling System Market Regional Analysis/Insights
The industrial cooling system market is analysed and market size insights and trends are provided by country, type, product type and end- user as referenced above.
The countries covered in the industrial cooling system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial cooling system market because of the growth in food and beverage industry and growing demand for safe cooling system across emerging economies within the region. North America on the other hand, is estimated to show lucrative growth due to the high presence of well-established manufacturers in the region.
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Chilled Water Storage System Market Development Trends, Competitive Analysis & Key Manufacturers Report 2022 to 2032
The global chilled water storage system market is anticipated to be valued at US$ 155.0 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 302.2 Million from 2022 to 2032. Growth is attributed to increasing demand in end-user industries such as petrochemical, oil & gas, pharmaceutical, and food & beverages. From 2016-2021 a CAGR of 2.7% was registered for the biscuit mixes market.
The chilled water storage system is a type of TES (Thermal Energy Storage), which is a popular technique for implementing demand-side energy management strategies. It is used to store water at temperatures ranging from 4.40 to 5.60 degrees Celsius using conventional chillers.
Chilled water storage systems are available in sizes ranging from one to several hundred tonnes. They are also used in residential, commercial, and industrial construction. They are also intended for commercial projects larger than 500,000 square feet that have space for a chilled water storage system. They are classified into three types based on water storage and mixing: multiple tank systems, single tank systems, and single tank systems.
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The chilled water storage system market is being driven by rising demand in a variety of end-use industries, including petrochemical, oil and gas, pharmaceutical, and food and beverages. Other factors driving growth in the chilled water storage system market include the installation of new cooling systems in industries, increased demand from power generation plants, and rising demand for low-cost, energy-efficient products.
Furthermore, the chilled water storage system market is expected to benefit from an increased focus on green buildings and the renovation of old-constructed buildings to green buildings.
Also, some factors such as significant demand for free cooling, storage cooling solutions, growing use of efficient air cooling systems, etc. can be considered trends in the industry. Power generation, automotive manufacturing, petrochemical processing, and similar sectors are influencing the market demand for chilled water storage systems, owing to the growing awareness of new techniques among end-users.
Market Competition
Some of the key participants present in the global chilled water storage system market include Wessels Company, Cool Water Technologies, Cooling Tower Systems, Inc., Delta Cooling Towers, Inc., Johnson Controls., Brentwood Industries, Inc., Paharpur Cooling Towers Limited, Berg Chilling Systems Inc., Liang Cooling Tower Sdn Bhd and King Sun Industry Co. Ltd. & Horus Air Moving Co. Ltd. among others.
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Key Segments Profiled in the Chilled Water Storage System Industry Survey
Chilled Water Storage System Market by Type:
Stratified Tank Chilled Water Storage Systems
Multiple Tank Chilled Water Storage Systems
Diaphragm Tank Chilled Water Storage Systems
Chilled Water Storage System Market by Application:
Chilled Water Storage System for Food Processing & Storage
Chilled Water Storage System for Industrial, Commercial and Residential Applications
Chilled Water Storage System for Healthcare & Pharmaceuticals
Chilled Water Storage System for Petrochemical Processing
Chilled Water Storage System for Petroleum & Natural Gas Refining
Chilled Water Storage System for Power Generation and Automotive
Chilled Water Storage System Market by Region:
North America Chilled Water Storage System Market
Latin America Chilled Water Storage System Market
Europe Chilled Water Storage System Market
Asia Pacific Chilled Water Storage System Market
Middle East and Africa Chilled Water Storage System Market
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New Study: 2024-2030 Chillers Medical Devices Market Trend and Forecast Report
Chillers Industry Overview
The global chillers market size was estimated at USD 9,928.3 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.
The market is driven by the rising need for cost-effective and energy-efficient space cooling solutions in commercial and industrial sectors. This, in turn, is expected to augment the demand for the chillers market over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Chillers Market
According to the U.S. Department of Agriculture (USDA), the growing population, rising consumer disposable income, and ongoing urbanization are expected to augment the growth of commercial and residential sector in the country in the forecast period. The demand for chillers in the U.S. residential sectors is driven by a combination of factors, including the need for efficient and reliable air conditioning systems. With a focus on energy efficiency, homeowners are increasingly adopting chillers equipped with advanced technologies and smart controls to ensure precise temperature regulation while minimizing environmental impact. In the commercial sector, the demand for chillers remains robust, particularly in industries such as hospitality, healthcare, and data centres.
Moreover, chillers play a pivotal role in maintaining optimal temperatures for occupant comfort, equipment reliability, and critical processes. The trend towards sustainable building practices and stringent energy efficiency standards further accelerates the adoption of chillers in both residential and commercial applications across the U.S.
The integration of advanced technologies is transforming the global market. Smart chillers, equipped with IoT capabilities, sensors, and predictive maintenance features, allow for remote monitoring and optimization. These technologies enhance overall system efficiency, reduce downtime, and contribute to cost savings. These aforementioned factors are further expected to drive the demand for market over the forecast period.
Global Chillers Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global chillers market report based on product, application, compressor type, and region
Product Outlook (Revenue, USD Million, 2018 - 2030)
Water-Cooled
<50kW
51-100kW
101-500kW
501-1000kW
1001-1500kW
>1501kW
Air -Cooled
<50kW
51-100kW
101-500kW
501-1000kW
1001-1500kW
>1501kW
Application Outlook (Revenue, USD Million, 2018 - 2030)
Commercial
Corporate Offices
Data Centers
Public Buildings
Mercantile & Service
Healthcare
Others
Industrial
Chemicals & Pharmaceuticals
Food & Beverage
Metal Manufacturing & Machining
Medical & Pharmaceutical
Plastics
Others
Residential
Compressor Type Outlook (Revenue, USD Million, 2018 - 2030)
Screw Chillers
Centrifugal Chillers
Absorption Chillers
Scroll Chillers
Reciprocating Chillers
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Asia Pacific
China
Japan
India
Australia
Thailand
South Korea
Indonesia
Malaysia
Central & South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
South Africa
UAE
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
• The global hardfacing welding market size was estimated at USD 1.73 billion in 2023 and is forecasted to grow at a CAGR of 5.3% from 2024 to 2030.
• The global advanced phase change materials market size was valued at USD 3.01 billion in 2023 and is anticipated to reach a CAGR of 8.2% from 2024 to 2030.
Key Chillers Company Insights
The global market is highly competitive on account of the presence of global and local manufacturers. Companies are engaged in expansion through mergers & acquisitions and joint ventures. These companies offer a wide range of systems that are sold through multiple channels, including distributors, company-owned websites, retailers & their websites, and e-commerce websites. For instance, in May 2023, Trane acquired MTA, an Italian manufacturer and distributor specializing in industrial refrigeration and air conditioning equipment. This strategic acquisition is expected to enhance Trane's commercial HVAC capabilities, particularly in key markets, by incorporating MTA's process chillers and expanding the rental and services business. With manufacturing sites located in Tribano and Conselve and a workforce of approximately 500 employees, MTA has an annual production capacity of 13,500 systems.
Key Chillers Companies:
The following are the leading companies in the chillers market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these chillers companies are analyzed to map the supply network
Trane
Cold Shot Chillers
Tandem Chillers
Drake Refrigeration, Inc
Refra
Carrier
FRIGEL FIRENZE S.p.A.
Midea
Daikin Industries, Ltd.
Johnson Controls
Rite-Temp
General Air Products
ClimaCool Corp.
Fluid Chillers, Inc.
Multistack International Limited
Honeywell International, Inc
Recent Developments
In December 2022, Trane unveiled its latest offerings, the water-cooled XStream eXcellent GVWF and air-cooled Sintesis eXcellent GVAF chillers. These innovative chillers incorporate magnetic-bearing compressors and utilize the low global warming potential (GWP) refrigerant R1234ze. Equipped with high-speed centrifugal compressor technology, these chillers deliver larger capacities, wider operating maps to meet challenging European climate conditions, and enhanced seasonal efficiencies, all while maintaining a compact size
In April 2021, refrigeration equipment manufacturer Refra initiated production operations at its newly established facility in Vievis, located in close proximity to the capital city, Vilnius, Lithuania. Spanning an area of 12,000 square meters, the factory is situated approximately 40 kilometers northwest of Refra's headquarters in Vilnius. The expansion has resulted in the creation of employment opportunities for an additional 100 individuals
Order a free sample PDF of the Chillers Market Intelligence Study, published by Grand View Research.
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