Global Industrial Chillers Market 2023-2027

Description

List of Tables

Technavio has been monitoring the industrial chillers market and is forecast to grow by USD 1230.32 mn during 2022-2027, accelerating at a CAGR of 4.35% during the forecast period. Our report on the industrial chillers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of district heating and cooling infrastructure, stringent regulations on refrigerant use, and growing use of industrial chillers across various industries.

Technavio's industrial chillers market is segmented as below:

By End-user

Chemical and petrochemical
Plastics
Food and beverage
Pharmaceuticals and biotechnology
Others

By Type

Water chillers
Air chillers

By Geography

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the advent of smart connected chillers as one of the prime reasons driving the industrial chillers market growth during the next few years. Also, technological advances in industrial chillers and demand for reducing energy consumption and operating costs will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the industrial chillers market covers the following areas:

Industrial chillers market sizing
Industrial chillers market forecast
Industrial chillers market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial chillers market vendors that include ait deutschland GmbH, Carrier Global Corp., Daikin Industries Ltd., Drake Refrigeration Inc., FRIGEL FIRENZE S.p.A., Friulair S.r.l., General Air Products, Johnson Controls International Plc., LG Corp., Mitsubishi Electric Corp., MTA S.p.A., Paul Mueller Co. Inc., PolyScience, Raytheon Technologies Corp., Reynold India Pvt. Ltd., Senho Machinery Shenzhen Co. Ltd., Sentry Equipment Corp., Smardt Chiller Group Inc., Trane Technologies Plc, and HYDAC Technology Corp. Also, the industrial chillers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR75082

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global industrial chillers market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global industrial chillers market 2017 - 2021 ($ million)
4.2 By End-user Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - By End-user Segment 2017 - 2021 ($ million)
4.3 By End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - By End-user Segment 2017 - 2021 ($ million)
4.4 By Type Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - By Type Segment 2017 - 2021 ($ million)
4.5 Geography Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.6 Country Segment Analysis 2017 - 2021
Exhibit 23: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 24: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 25: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 26: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 27: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 28: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 29: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 30: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 31: Chart on End-user - Market share 2022-2027 (%)
Exhibit 32: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 33: Chart on Comparison by End-user
Exhibit 34: Data Table on Comparison by End-user
6.3 Chemical and petrochemical - Market size and forecast 2022-2027
Exhibit 35: Chart on Chemical and petrochemical - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Data Table on Chemical and petrochemical - Market size and forecast 2022-2027 ($ million)
Exhibit 37: Chart on Chemical and petrochemical - Year-over-year growth 2022-2027 (%)
Exhibit 38: Data Table on Chemical and petrochemical - Year-over-year growth 2022-2027 (%)
6.4 Plastics - Market size and forecast 2022-2027
Exhibit 39: Chart on Plastics - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Data Table on Plastics - Market size and forecast 2022-2027 ($ million)
Exhibit 41: Chart on Plastics - Year-over-year growth 2022-2027 (%)
Exhibit 42: Data Table on Plastics - Year-over-year growth 2022-2027 (%)
6.5 Food and beverage - Market size and forecast 2022-2027
Exhibit 43: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)
6.6 Pharmaceuticals and biotechnology - Market size and forecast 2022-2027
Exhibit 47: Chart on Pharmaceuticals and biotechnology - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Pharmaceuticals and biotechnology - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Pharmaceuticals and biotechnology - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Pharmaceuticals and biotechnology - Year-over-year growth 2022-2027 (%)
6.7 Others - Market size and forecast 2022-2027
Exhibit 51: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by End-user
Exhibit 55: Market opportunity by End-user ($ million)
Exhibit 56: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 57: Chart on Type - Market share 2022-2027 (%)
Exhibit 58: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 59: Chart on Comparison by Type
Exhibit 60: Data Table on Comparison by Type
7.3 Water chillers - Market size and forecast 2022-2027
Exhibit 61: Chart on Water chillers - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on Water chillers - Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on Water chillers - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on Water chillers - Year-over-year growth 2022-2027 (%)
7.4 Air chillers - Market size and forecast 2022-2027
Exhibit 65: Chart on Air chillers - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Air chillers - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Air chillers - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Air chillers - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 69: Market opportunity by Type ($ million)
Exhibit 70: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 72: Chart on Market share by geography 2022-2027 (%)
Exhibit 73: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 74: Chart on Geographic comparison
Exhibit 75: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 76: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 79: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 80: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 83: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 84: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 87: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 88: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 91: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 92: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 95: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 96: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 99: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 100: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 103: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 104: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 107: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 108: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 111: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 112: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 113: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 114: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 115: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 116: Market opportunity by geography ($ million)
Exhibit 117: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 118: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 120: Overview on factors of disruption
11.4 Industry risks
Exhibit 121: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 122: Vendors covered
12.2 Market positioning of vendors
Exhibit 123: Matrix on vendor position and classification
12.3 ait deutschland GmbH
Exhibit 124: ait deutschland GmbH - Overview
Exhibit 125: ait deutschland GmbH - Product / Service
Exhibit 126: ait deutschland GmbH - Key offerings
12.4 Carrier Global Corp.
Exhibit 127: Carrier Global Corp. - Overview
Exhibit 128: Carrier Global Corp. - Business segments
Exhibit 129: Carrier Global Corp. - Key news
Exhibit 130: Carrier Global Corp. - Key offerings
Exhibit 131: Carrier Global Corp. - Segment focus
12.5 Daikin Industries Ltd.
Exhibit 132: Daikin Industries Ltd. - Overview
Exhibit 133: Daikin Industries Ltd. - Business segments
Exhibit 134: Daikin Industries Ltd. - Key news
Exhibit 135: Daikin Industries Ltd. - Key offerings
Exhibit 136: Daikin Industries Ltd. - Segment focus
12.6 Drake Refrigeration Inc.
Exhibit 137: Drake Refrigeration Inc. - Overview
Exhibit 138: Drake Refrigeration Inc. - Product / Service
Exhibit 139: Drake Refrigeration Inc. - Key offerings
12.7 HYDAC Technology Corp.
Exhibit 140: HYDAC Technology Corp. - Overview
Exhibit 141: HYDAC Technology Corp. - Product / Service
Exhibit 142: HYDAC Technology Corp. - Key offerings
12.8 Johnson Controls International Plc.
Exhibit 143: Johnson Controls International Plc. - Overview
Exhibit 144: Johnson Controls International Plc. - Business segments
Exhibit 145: Johnson Controls International Plc. - Key news
Exhibit 146: Johnson Controls International Plc. - Key offerings
Exhibit 147: Johnson Controls International Plc. - Segment focus
12.9 LG Corp.
Exhibit 148: LG Corp. - Overview
Exhibit 149: LG Corp. - Business segments
Exhibit 150: LG Corp. - Key offerings
Exhibit 151: LG Corp. - Segment focus
12.10 Mitsubishi Electric Corp.
Exhibit 152: Mitsubishi Electric Corp. - Overview
Exhibit 153: Mitsubishi Electric Corp. - Business segments
Exhibit 154: Mitsubishi Electric Corp. - Key news
Exhibit 155: Mitsubishi Electric Corp. - Key offerings
Exhibit 156: Mitsubishi Electric Corp. - Segment focus
12.11 MTA S.p.A.
Exhibit 157: MTA S.p.A. - Overview
Exhibit 158: MTA S.p.A. - Product / Service
Exhibit 159: MTA S.p.A. - Key offerings
12.12 Paul Mueller Co. Inc.
Exhibit 160: Paul Mueller Co. Inc. - Overview
Exhibit 161: Paul Mueller Co. Inc. - Business segments
Exhibit 162: Paul Mueller Co. Inc. - Key offerings
Exhibit 163: Paul Mueller Co. Inc. - Segment focus
12.13 Raytheon Technologies Corp.
Exhibit 164: Raytheon Technologies Corp. - Overview
Exhibit 165: Raytheon Technologies Corp. - Business segments
Exhibit 166: Raytheon Technologies Corp. - Key news
Exhibit 167: Raytheon Technologies Corp. - Key offerings
Exhibit 168: Raytheon Technologies Corp. - Segment focus
12.14 Reynold India Pvt. Ltd.
Exhibit 169: Reynold India Pvt. Ltd. - Overview
Exhibit 170: Reynold India Pvt. Ltd. - Product / Service
Exhibit 171: Reynold India Pvt. Ltd. - Key offerings
12.15 Senho Machinery Shenzhen Co. Ltd.
Exhibit 172: Senho Machinery Shenzhen Co. Ltd. - Overview
Exhibit 173: Senho Machinery Shenzhen Co. Ltd. - Product / Service
Exhibit 174: Senho Machinery Shenzhen Co. Ltd. - Key offerings
12.16 Smardt Chiller Group Inc.
Exhibit 175: Smardt Chiller Group Inc. - Overview
Exhibit 176: Smardt Chiller Group Inc. - Product / Service
Exhibit 177: Smardt Chiller Group Inc. - Key offerings
12.17 Trane Technologies Plc
Exhibit 178: Trane Technologies Plc - Overview
Exhibit 179: Trane Technologies Plc - Business segments
Exhibit 180: Trane Technologies Plc - Key news
Exhibit 181: Trane Technologies Plc - Key offerings
Exhibit 182: Trane Technologies Plc - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 183: Inclusions checklist
Exhibit 184: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 185: Currency conversion rates for US$
13.4 Research methodology
Exhibit 186: Research methodology
Exhibit 187: Validation techniques employed for market sizing
Exhibit 188: Information sources
13.5 List of abbreviations
Exhibit 189: List of abbreviations