Market Overview:
The global recirculating water 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 water chillers in various applications such as laboratory, semiconductor, medical, and others. In addition, the growing demand for energy-efficient and low-temperature water chillers is also contributing to the growth of this market.
Product Definition:
A recirculating water chiller is a device that uses refrigeration to cool a liquid, typically water, for use in air conditioning or industrial processes. The importance of recirculating water chillers is that they provide an efficient way to cool liquids and can save on energy costs.
Low Temperature -40 °C-20 °C:
The Recirculating Water Chiller (RWC) is a type of water cooler that uses the principle of evaporation to cool water by using a heat exchanger. It is used for providing cold water to commercial and residential end-users. The product finds its application in various sectors including healthcare, food & beverage, chemical processing, and manufacturing industries among others.
Low Temperature < -40 °C:
Recirculating water chillers are used to cool the condenser by passing a cold fluid (water or air) through it twice. The first pass provides cooling and the second pass removes heat from the system. These systems are used in various applications such as data centers, power plants, hospitals and other industrial processes that require a constant temperature for their operations.
Application Insights:
The other application segment includes food & beverage, chemical, pharmaceutical and semiconductor industries. The product is widely used in the laboratory industry for processing laboratory water at a cold temperature of less than or equal to -40°C. This application segment accounted for a major market share in 2017 owing to increasing demand from research activities across the globe.
Laboratory applications are expected to continue dominating the global market over the forecast period due to an increase in R&D activities across various industries worldwide coupled with stringent regulations regarding process safety and hygiene at lab sites. Furthermore, these devices help maintain low operating costs when compared with conventional ice machines which further enhances their demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of semiconductor manufacturing companies in China, Taiwan, South Korea and Japan is one of the major factors contributing to regional growth. Growing demand for electronic devices such as smartphones and laptops coupled with increasing research & development activities are also expected to drive product demand over the forecast period.
The growing medical sector in India owing to rising patient population along with an increase in healthcare spending by government agencies has led physicians & surgeons across India to recommend use of recirculating water chillers for maintaining proper temperature during surgeries resulting into high product sales volume within country. Rising awareness regarding health benefits associated with using these products is anticipated boost regional growth over next few years.
Growth Factors:
- Increasing demand for recirculating water chillers from the HVAC&R industry for various applications such as comfort cooling, process cooling, and refrigeration
- Growing popularity of data centers and server rooms, which leads to an increase in the demand for recirculating water chillers
- Proliferation of micro-chillers in the market that offer high efficiency and low noise levels
- Rising awareness about energy conservation among consumers is driving them to adopt more energy efficient technologies such as recirculating water chillers
- The increasing trend of green buildings is also expected to boost the growth of the Recirculating Water Chillers market
Scope Of The Report
Report Attributes
Report Details
Report Title
Recirculating Water Chillers Market Research Report
By Type
Low Temperature -40 °C-20 °C, Low Temperature < -40 °C
By Application
Laboratory, Semiconductor, Medical, Other
By Companies
Thermo Fisher Scientific, Boyd, SMC, Glen Dimplex Thermal Solutions, Huber, LAUDA, SP Industries, PolyScience, Julabo, VWR, Cole-Parmer, Buchi, Great Wall, Bluepard, Teyu Electromechanical, Filtrine, Auwii
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Recirculating Water Chillers Market Report Segments:
The global Recirculating Water Chillers market is segmented on the basis of:
Types
Low Temperature -40 °C-20 °C, Low Temperature < -40 °C
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
Laboratory, Semiconductor, Medical, Other
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:
- Thermo Fisher Scientific
- Boyd
- SMC
- Glen Dimplex Thermal Solutions
- Huber
- LAUDA
- SP Industries
- PolyScience
- Julabo
- VWR
- Cole-Parmer
- Buchi
- Great Wall
- Bluepard
- Teyu Electromechanical
- Filtrine
- Auwii
Highlights of The Recirculating Water 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:
- Low Temperature -40 °C-20 °C
- Low Temperature < -40 °C
- By Application:
- Laboratory
- Semiconductor
- Medical
- Other
- 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 Recirculating Water 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?
Recirculating water chillers are a type of air conditioning unit that uses circulating water to cool the air. The chilled water is circulated through coils or fans to reduce the temperature of the air.
Some of the major companies in the recirculating water chillers market are Thermo Fisher Scientific, Boyd, SMC, Glen Dimplex Thermal Solutions, Huber, LAUDA, SP Industries, PolyScience, Julabo, VWR, Cole-Parmer, Buchi, Great Wall, Bluepard, Teyu Electromechanical, Filtrine, Auwii.
The recirculating water 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 Recirculating Water 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 Recirculating Water Chillers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Recirculating Water 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 Recirculating Water 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 Recirculating Water Chillers Market Size & Forecast, 2018-2028
4.5.1 Recirculating Water Chillers Market Size and Y-o-Y Growth
4.5.2 Recirculating Water Chillers Market Absolute $ Opportunity
Chapter 5 Global Recirculating Water Chillers 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 Recirculating Water Chillers Market Size Forecast by Type
5.2.1 Low Temperature -40 °C-20 °C
5.2.2 Low Temperature < -40 °C
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Recirculating Water Chillers 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 Recirculating Water Chillers Market Size Forecast by Applications
6.2.1 Laboratory
6.2.2 Semiconductor
6.2.3 Medical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Recirculating Water 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 Recirculating Water 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 Recirculating Water Chillers Analysis and Forecast
9.1 Introduction
9.2 North America Recirculating Water Chillers 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 Recirculating Water Chillers Market Size Forecast by Type
9.6.1 Low Temperature -40 °C-20 °C
9.6.2 Low Temperature < -40 °C
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 Recirculating Water Chillers Market Size Forecast by Applications
9.10.1 Laboratory
9.10.2 Semiconductor
9.10.3 Medical
9.10.4 Other
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 Recirculating Water Chillers Analysis and Forecast
10.1 Introduction
10.2 Europe Recirculating Water Chillers 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 Recirculating Water Chillers Market Size Forecast by Type
10.6.1 Low Temperature -40 °C-20 °C
10.6.2 Low Temperature < -40 °C
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 Recirculating Water Chillers Market Size Forecast by Applications
10.10.1 Laboratory
10.10.2 Semiconductor
10.10.3 Medical
10.10.4 Other
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 Recirculating Water Chillers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Recirculating Water Chillers 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 Recirculating Water Chillers Market Size Forecast by Type
11.6.1 Low Temperature -40 °C-20 °C
11.6.2 Low Temperature < -40 °C
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 Recirculating Water Chillers Market Size Forecast by Applications
11.10.1 Laboratory
11.10.2 Semiconductor
11.10.3 Medical
11.10.4 Other
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 Recirculating Water Chillers Analysis and Forecast
12.1 Introduction
12.2 Latin America Recirculating Water Chillers 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 Recirculating Water Chillers Market Size Forecast by Type
12.6.1 Low Temperature -40 °C-20 °C
12.6.2 Low Temperature < -40 °C
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 Recirculating Water Chillers Market Size Forecast by Applications
12.10.1 Laboratory
12.10.2 Semiconductor
12.10.3 Medical
12.10.4 Other
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) Recirculating Water Chillers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Recirculating Water Chillers 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) Recirculating Water Chillers Market Size Forecast by Type
13.6.1 Low Temperature -40 °C-20 °C
13.6.2 Low Temperature < -40 °C
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) Recirculating Water Chillers Market Size Forecast by Applications
13.10.1 Laboratory
13.10.2 Semiconductor
13.10.3 Medical
13.10.4 Other
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 Recirculating Water Chillers Market: Competitive Dashboard
14.2 Global Recirculating Water Chillers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 Boyd
14.3.3 SMC
14.3.4 Glen Dimplex Thermal Solutions
14.3.5 Huber
14.3.6 LAUDA
14.3.7 SP Industries
14.3.8 PolyScience
14.3.9 Julabo
14.3.10 VWR
14.3.11 Cole-Parmer
14.3.12 Buchi
14.3.13 Great Wall
14.3.14 Bluepard
14.3.15 Teyu Electromechanical
14.3.16 Filtrine
14.3.17 Auwii
