PUBLISHER: Lucintel | PRODUCT CODE: 1417776
PUBLISHER: Lucintel | PRODUCT CODE: 1417776
Water Chiller Trends and Forecast
The future of the global water chiller market looks promising with opportunities in the plastic & rubber, food & beverage, chemical & petrochemical, and pharmaceutical markets. The global water chiller market is expected to grow with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising demand for energy-efficient cooling solutions in water chillers and increasing inclination towards district cooling over traditional method of cooling.
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Water Chiller by Segment
The study includes a forecast for the global water chiller by type, capacity, end use, and region.
List of Water Chiller Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies water chiller companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the water chiller companies profiled in this report include-
Water Chiller Market Insights
Lucintel forecasts that centrifugal water chiller is expected to witness highest growth over the forecast period due to its low maintenance and manufacturing cost.
Within this market, plastic & rubber will remain the largest segment due to increasing demand for plastic products across various economies.
APAC is expected to witness highest growth over the forecast period due to growing awareness of energy-efficient products and rising demand for frozen foods in the region.
Features of the Global Water Chiller Market
Market Size Estimates: Water chiller market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Water chiller market size by type, capacity, end use, and region in terms of value ($B).
Regional Analysis: Water chiller market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, capacities, end uses, and regions for the water chiller market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the water chiller market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the growth forecast for water chiller market?
Answer: The global water chiller market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the water chiller market?
Answer: The major drivers for this market are rising demand for energy-efficient cooling solutions in water chillers and increasing inclination towards district cooling over traditional method of cooling.
Q3. What are the major segments for water chiller market?
Answer: The future of the water chiller market looks promising with opportunities in the plastic & rubber, food & beverage, chemical & petrochemical, and pharmaceutical markets.
Q4. Who are the key water chiller market companies?
Answer: Some of the key water chiller companies are as follows.
Q5. Which water chiller market segment will be the largest in future?
Answer: Lucintel forecasts that centrifugal water chiller is expected to witness highest growth over the forecast period due to its low maintenance and manufacturing cost.
Q6. In water chiller market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing awareness of energy-efficient products and rising demand for frozen foods in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.