Market Overview:
The global water-cooled centrifugal 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 from various end-use applications, such as commercial, industrial, and others.
Product Definition:
Water-cooled centrifugal chillers are a type of industrial chiller that use water to cool the compressor and condenser. This type of chiller is important for industries that require large amounts of cooling, such as data centers, power plants, and manufacturing facilities.
500T chillers are used to cool the impellers in centrifugal chillers. These impellers are responsible for transferring heat from the hot gas to the cooler fluid, thereby creating a temperature difference that drives the turbines. The 500T chiller is one of two types of low-end chiller that can be used in a water-cooled centrifugal chiller; it has an input capacity between 100F and 200F and an output capacity between 0F and 50F.
500-1000T Chillers:
500-1000T chillers are used to provide cooling for water-cooled centrifugal chillers. These 500-1000T chillers can be used as stand-alone systems or in series/parallel configurations. The choice of 500-1000T chiller depends on the capacity required, ambient temperature range, and application requirements.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth on account of growing demand for water-cooled chillers from various commercial applications, including data centers and IT offices. Water-cooled centrifugal chillers are widely used in data centers owing to their ability to provide efficient cooling at a lower cost than air-based systems. Furthermore, they are also considered as an ideal solution due to their compact design and low power consumption requirements, which makes them suitable for use in industrial spaces with limited space availability.
The industrial application segment is projected to expand at the fastest CAGR of XX% from 2018 to 2030 owingto increasing demand for water-cooled centrifugal chillers from various industries including oil & gas, chemical, food & beverage processing.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. In addition, increasing demand for energy-efficient products is anticipated to drive product demand over the forecast period.
The Asia Pacific was followed by Europe, which accounted for 26% of total market share in 2017 owing to high product penetration across several industries due to its superior efficiency as compared Centrifugal Chiller Productivity chart (CCPP) factor and low maintenance cost as compared centrifugal chiller performance comparison table centrifugal chillers are used widely across end-use industries such as food & beverage, chemicals & petrochemicals, power generation etc., especially in countries such as Russia and Turkey.
Growth Factors:
- Increasing demand for chilled water in various industrial and commercial applications is expected to drive the growth of the water-cooled centrifugal chillers market.
- Rapid urbanization and industrialization in emerging economies are anticipated to create opportunities for the market players.
- The increasing adoption of energy-efficient technologies is projected to boost the demand for water-cooled centrifugal chillers over the forecast period.
- Growing concerns regarding environmental pollution are likely to propel the demand for eco-friendly cooling systems, such as water-cooled centrifugal chillers, over the next few years.
- The rising investments in infrastructure development projects is expected to provide a significant impetus to the growth of this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Water-Cooled Centrifugal Chillers Market Research Report
By Type
<500T Chillers, 500-1000T Chillers, 1000-2000T Chillers, >2000T Chillers
By Application
Commercial, Industrial, Others
By Companies
Johnson Controls, Carrier, Trane, DAIKIN, Haier, TICA, LG, Climaveneta, Midea, Multistack, MHI Group, Suzhou BSE
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Water-Cooled Centrifugal Chillers Market Report Segments:
The global Water-Cooled Centrifugal Chillers market is segmented on the basis of:
Types
<500T Chillers, 500-1000T Chillers, 1000-2000T Chillers, >2000T 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, Industrial, 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
- Carrier
- Trane
- DAIKIN
- Haier
- TICA
- LG
- Climaveneta
- Midea
- Multistack
- MHI Group
- Suzhou BSE
Highlights of The Water-Cooled 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:
- <500T Chillers
- 500-1000T Chillers
- 1000-2000T Chillers
- >2000T Chillers
- By Application:
- Commercial
- Industrial
- 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 Water-Cooled 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.
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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?
Water-cooled centrifugal chillers are a type of refrigeration system that uses water as the coolant. The water circulates around the compressor and fan, providing cooling for the equipment. This type of system is typically less expensive to operate than other types of refrigeration systems, and it is also easier to maintain because there is no need for an external compressor or fan.
Some of the major players in the water-cooled centrifugal chillers market are Johnson Controls, Carrier, Trane, DAIKIN, Haier, TICA, LG, Climaveneta, Midea, Multistack, MHI Group, Suzhou BSE.
The water-cooled 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 Water-Cooled 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 Water-Cooled Centrifugal Chillers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Water-Cooled 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 Water-Cooled 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 Water-Cooled Centrifugal Chillers Market Size & Forecast, 2020-2028 4.5.1 Water-Cooled Centrifugal Chillers Market Size and Y-o-Y Growth 4.5.2 Water-Cooled 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 <500T Chillers
5.2.2 500-1000T Chillers
5.2.3 1000-2000T Chillers
5.2.4 >2000T 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
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water-Cooled 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 Water-Cooled 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 <500T Chillers
9.6.2 500-1000T Chillers
9.6.3 1000-2000T Chillers
9.6.4 >2000T 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
9.10.2 Industrial
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 <500T Chillers
10.6.2 500-1000T Chillers
10.6.3 1000-2000T Chillers
10.6.4 >2000T 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
10.10.2 Industrial
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 <500T Chillers
11.6.2 500-1000T Chillers
11.6.3 1000-2000T Chillers
11.6.4 >2000T 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
11.10.2 Industrial
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 <500T Chillers
12.6.2 500-1000T Chillers
12.6.3 1000-2000T Chillers
12.6.4 >2000T 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
12.10.2 Industrial
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 <500T Chillers
13.6.2 500-1000T Chillers
13.6.3 1000-2000T Chillers
13.6.4 >2000T 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
13.10.2 Industrial
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 Water-Cooled Centrifugal Chillers Market: Competitive Dashboard
14.2 Global Water-Cooled Centrifugal Chillers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls
14.3.2 Carrier
14.3.3 Trane
14.3.4 DAIKIN
14.3.5 Haier
14.3.6 TICA
14.3.7 LG
14.3.8 Climaveneta
14.3.9 Midea
14.3.10 Multistack
14.3.11 MHI Group
14.3.12 Suzhou BSE