Market Overview:
The global oil-free centrifugal chillers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling solutions across various industries. Additionally, the growing awareness about the benefits of using oil-free centrifugal chillers is also contributing to the growth of this market. The global oil-free centrifugal chillers market can be segmented on the basis of type into magnetic bearing oil-free centrifugal chillers and air bearing oil-free centrifugal chillers.
Product Definition:
An oil-free centrifugal chiller is a type of air conditioning unit that uses a fan to move air across coils cooled by refrigerant. Unlike traditional AC units, which use a compressor to circulate refrigerant and create heat, oil-free centrifugal chillers use a turbine to spin the refrigerant around at high speeds, pulling in cold air from the surrounding area and cooling it down. This type of chiller is often used in large commercial or industrial settings where there is no need for an AC unit with heating capabilities.
Magnetic Bearing Oil-free Centrifugal Chillers:
Magnetic bearing oil-free centrifugal chillers are used in various applications including food processing, chemical plants, petrochemical plants and paper mills. These chillers use the concept of magnetic bearings to reduce friction and increase reliability. The product is widely used across the globe owing to its advantages such as high efficiency at low speeds, less operating costs due to reduced lubricant usage along with easy maintenance & repair operations.
Air Bearing Oil-free Centrifugal Chillers:
Air bearing oil-free centrifugal chillers are used in the oil-free centrifugal chillers market. These products have a capacity between 1 to 10 MMBtu/hr and typically operate at low speeds of up to 3,000 RPM. The main components of these systems include impellers, seals, vanes or blades and cages that create a vacuum by spinning rapidly around an axis.
Application Insights:
The industrial application segment led the global oil-free centrifugal chillers market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for OPC from various industries such as chemical, petrochemical, power generation and cement. In addition, growing awareness about environment pollution due to usage of toxic chemicals is expected to drive growth over the coming years.
The commercial application segment was valued at USD 544.1 million in 2017 and is anticipated to witness significant growth during the forecast period owing to increasing construction activities across emerging economies including China, India.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil-free centrifugal chillers manufacturers and OEMs in this region. The U.S., being an energy-rich nation, is expected to be one of the major consumers for these products across various applications.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from residential and commercial application segments across countries such as China, India, Japan, South Korea and Taiwan.
Growth Factors:
- Increasing demand for oil-free centrifugal chillers from the HVAC&R industry to meet stringent environmental regulations
- Rising popularity of oil-free centrifugal chillers in data centers and other critical applications
- Growing demand for energy-efficient cooling solutions
- Proliferation of microelectronics and semiconductor manufacturing facilities worldwide
- Technological advancements that improve the performance and efficiency of oil-free centrifugal chillers
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil-free Centrifugal Chillers Market Research Report
By Type
Magnetic Bearing Oil-free Centrifugal Chillers, Air Bearing Oil-free Centrifugal Chillers
By Application
Commercial Application, Industrial Application, Others
By Companies
Johnson Controls, LG, Carrier, Haier, TICA Group, Multistack, Trane, Mitsubishi Heavy Industries, Climaveneta, Midea, Daikin, Suzhou BSE, Thai Tasaki Engineering, DunAnac, Blue Star
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Oil-free Centrifugal Chillers Market Report Segments:
The global Oil-free Centrifugal Chillers market is segmented on the basis of:
Types
Magnetic Bearing Oil-free Centrifugal Chillers, Air Bearing Oil-free Centrifugal 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
Commercial Application, Industrial Application, 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:
- Johnson Controls
- LG
- Carrier
- Haier
- TICA Group
- Multistack
- Trane
- Mitsubishi Heavy Industries
- Climaveneta
- Midea
- Daikin
- Suzhou BSE
- Thai Tasaki Engineering
- DunAnac
- Blue Star
Highlights of The Oil-free Centrifugal 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:
- Magnetic Bearing Oil-free Centrifugal Chillers
- Air Bearing Oil-free Centrifugal Chillers
- By Application:
- Commercial Application
- Industrial Application
- 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 Oil-free Centrifugal 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Oil-free centrifugal chillers use a fan to create a high velocity airflow that chills the food quickly. This type of cooler is often used in restaurants and other food service establishments where oil is not allowed.
Some of the key players operating in the oil-free centrifugal chillers market are Johnson Controls, LG, Carrier, Haier, TICA Group, Multistack, Trane, Mitsubishi Heavy Industries, Climaveneta, Midea, Daikin, Suzhou BSE, Thai Tasaki Engineering, DunAnac, Blue Star.
The oil-free centrifugal 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 Oil-free Centrifugal 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 Oil-free Centrifugal Chillers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil-free Centrifugal 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 Oil-free Centrifugal 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 Oil-free Centrifugal Chillers Market Size & Forecast, 2020-2028
4.5.1 Oil-free Centrifugal Chillers Market Size and Y-o-Y Growth
4.5.2 Oil-free Centrifugal 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 Magnetic Bearing Oil-free Centrifugal Chillers
5.2.2 Air Bearing Oil-free Centrifugal 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 Commercial Application
6.2.2 Industrial Application
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil-free Centrifugal 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 Oil-free Centrifugal 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 Magnetic Bearing Oil-free Centrifugal Chillers
9.6.2 Air Bearing Oil-free Centrifugal 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 Commercial Application
9.10.2 Industrial Application
9.10.3 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 Magnetic Bearing Oil-free Centrifugal Chillers
10.6.2 Air Bearing Oil-free Centrifugal 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 Commercial Application
10.10.2 Industrial Application
10.10.3 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 Magnetic Bearing Oil-free Centrifugal Chillers
11.6.2 Air Bearing Oil-free Centrifugal 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 Commercial Application
11.10.2 Industrial Application
11.10.3 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 Magnetic Bearing Oil-free Centrifugal Chillers
12.6.2 Air Bearing Oil-free Centrifugal 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 Commercial Application
12.10.2 Industrial Application
12.10.3 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 Magnetic Bearing Oil-free Centrifugal Chillers
13.6.2 Air Bearing Oil-free Centrifugal 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 Commercial Application
13.10.2 Industrial Application
13.10.3 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 Oil-free Centrifugal Chillers Market: Competitive Dashboard
14.2 Global Oil-free Centrifugal Chillers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls
14.3.2 LG
14.3.3 Carrier
14.3.4 Haier
14.3.5 TICA Group
14.3.6 Multistack
14.3.7 Trane
14.3.8 Mitsubishi Heavy Industries
14.3.9 Climaveneta
14.3.10 Midea
14.3.11 Daikin
14.3.12 Suzhou BSE
14.3.13 Thai Tasaki Engineering
14.3.14 DunAnac
14.3.15 Blue Star
