Market Overview:
The global fluid chillers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chilled water in various industries, such as oil and gas, power generation, paper industry, automotive industry, steel industry and others. In addition, the growing awareness about energy efficiency is also propelling the growth of this market. On the basis of type, the global fluid chillers market can be segmented into water cooled fluid chillers and air cooled fluid chillers. The water cooled segment is expected to dominate the global market during the forecast period owing to its high efficiency and low operating costs as compared to air cooled systems.
Product Definition:
A fluid chiller is a device that uses refrigeration to cool a fluid. Fluid chillers are used in many industries, including manufacturing, food processing, and HVAC. They are important because they can help to regulate the temperature of fluids, which can improve the quality and safety of products or processes.
Water Cooled Fluid Chillers:
Water-cooled fluid chillers are used to cool the process fluids in petroleum refineries and chemical plants. These chillers use a large volume of water as the cooling medium. The water is stored in tanks, which are located outside the plant area; thus, these systems pose less risk of contamination compared to other types of fluid chillers. Additionally, they require lesser maintenance as compared to air-cooled systems and have low space requirements due to their compact design.
Air Cooled Fluid Chillers:
An air-cooled fluid chiller is a type of heat exchanger that is used to coolant or fluids such as oils, acids, and glycols. It works on the principle of evaporation wherein the heat generated by the cooling medium is absorbed by a condenser which in turn generates cold temperature liquid. The product finds application in various end-use industries including chemical processing, food & beverage processing and petroleum refining among others.
Application Insights:
The oil and gas industry was the dominant application segment in the global market, accounting for over 30% of the total revenue share in 2017. The rising need to maintain low temperature throughout the exploration and production process is expected to drive demand for fluid chillers in this sector.
The power generation industry is also anticipated to be one of the significant end-users of these devices as they are used for both small and large scale power plants across various regions including Europe, Asia Pacific and North America. In addition, increasing government support towards renewable energy sources such as wind energy is further expected to augment product demand over forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas reserves and production sites in the region. The U.S., being an energy-rich nation, demands huge amounts of cooling equipment for maintaining its operations at peak efficiency throughout the year.
Asia Pacific is expected to be one of the fastest growing regions over the forecast period owing to rapid industrialization and growth in population mainly due to high immigration rates from other countries, especially from China and India. Fluid chiller installations are also on a rise due to expansion projects by various industries such as power generation, steel industry, paper industry etc., which will drive demand further over next eight years.
Growth Factors:
- Increasing demand for chilled water in various industrial and commercial applications is expected to drive the growth of the fluid chillers market.
- Fluid chillers are being increasingly used in data centers owing to their ability to provide cooling at a lower cost as compared to air-conditioning systems. This is expected to boost the growth of the market during the forecast period.
- The growing popularity of green buildings has led to an increase in demand for energy-efficient fluid chillers, which is anticipated to fuel market growth over the next few years.
- Rapid urbanization and industrialization across emerging economies are creating new opportunities for fluid chillers manufacturers, thereby propelling market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluid Chillers Market Research Report
By Type
Water Cooled Fluid Chillers, Air Cooled Fluid Chillers
By Application
Oil and Gas, Power Generation, Paper Industry, Automotive Industry, Steel Industry, Others
By Companies
Fluid Chillers, Inc., Thermonics Corporation, ADVANTAGE ENGINEERING, INC, Koolance, Inc., Mokon, Bemco Inc., Cooling Technology Inc, Berg Chilling Systems Inc., G&D Chillers, BV Thermal Systems, Fluid Chillers, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Fluid Chillers Market Report Segments:
The global Fluid Chillers market is segmented on the basis of:
Types
Water Cooled Fluid Chillers, Air Cooled Fluid Chillers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Power Generation, Paper Industry, Automotive Industry, Steel Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fluid Chillers, Inc.
- Thermonics Corporation
- ADVANTAGE ENGINEERING, INC
- Koolance, Inc.
- Mokon
- Bemco Inc.
- Cooling Technology Inc
- Berg Chilling Systems Inc.
- G&D Chillers
- BV Thermal Systems
- Fluid Chillers, Inc.
Highlights of The Fluid Chillers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water Cooled Fluid Chillers
- Air Cooled Fluid Chillers
- By Application:
- Oil and Gas
- Power Generation
- Paper Industry
- Automotive Industry
- Steel Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fluid Chillers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fluid chillers is a machine that uses refrigerant to cool liquids. It works by circulating a liquid through pipes filled with refrigerant. The liquid is then cooled to the point where it can be used as an ice cream or beverage.
Some of the key players operating in the fluid chillers market are Fluid Chillers, Inc., Thermonics Corporation, ADVANTAGE ENGINEERING, INC, Koolance, Inc., Mokon, Bemco Inc., Cooling Technology Inc, Berg Chilling Systems Inc., G&D Chillers, BV Thermal Systems, Fluid Chillers, Inc..
The fluid chillers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluid Chillers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fluid Chillers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluid Chillers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fluid Chillers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fluid Chillers Market Size & Forecast, 2020-2028
4.5.1 Fluid Chillers Market Size and Y-o-Y Growth
4.5.2 Fluid Chillers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Water Cooled Fluid Chillers
5.2.2 Air Cooled Fluid Chillers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Power Generation
6.2.3 Paper Industry
6.2.4 Automotive Industry
6.2.5 Steel Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluid Chillers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fluid Chillers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Water Cooled Fluid Chillers
9.6.2 Air Cooled Fluid Chillers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Power Generation
9.10.3 Paper Industry
9.10.4 Automotive Industry
9.10.5 Steel Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Water Cooled Fluid Chillers
10.6.2 Air Cooled Fluid Chillers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Power Generation
10.10.3 Paper Industry
10.10.4 Automotive Industry
10.10.5 Steel Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Water Cooled Fluid Chillers
11.6.2 Air Cooled Fluid Chillers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Power Generation
11.10.3 Paper Industry
11.10.4 Automotive Industry
11.10.5 Steel Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Water Cooled Fluid Chillers
12.6.2 Air Cooled Fluid Chillers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Power Generation
12.10.3 Paper Industry
12.10.4 Automotive Industry
12.10.5 Steel Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Water Cooled Fluid Chillers
13.6.2 Air Cooled Fluid Chillers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Power Generation
13.10.3 Paper Industry
13.10.4 Automotive Industry
13.10.5 Steel Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fluid Chillers Market: Competitive Dashboard
14.2 Global Fluid Chillers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fluid Chillers, Inc.
14.3.2 Thermonics Corporation
14.3.3 ADVANTAGE ENGINEERING, INC
14.3.4 Koolance, Inc.
14.3.5 Mokon
14.3.6 Bemco Inc.
14.3.7 Cooling Technology Inc
14.3.8 Berg Chilling Systems Inc.
14.3.9 G&D Chillers
14.3.10 BV Thermal Systems
14.3.11 Fluid Chillers, Inc.
