Market Overview:
The global water recirculating 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 recirculating chillers from various end-use industries, such as laboratory use, industrial use, medical use, and others. In addition, the growing awareness about energy efficiency and environmental concerns are also fueling the demand for water recirculating chillers across the globe. Based on type, the global water recirculating chillers market is segmented into 115 VAC Chillers, 208/230 VAC Chillers 400 VAC Chillers , and Other Chillers . The 208/230 VAC chiller segment is expected to hold a major share of the global water recirculating chiller market during forecast period owing to its high adoption rate in North America and Europe regions. Based on application ,the global water reccirculating chiller market is segmented into laboratory use ,industrial use medical use other applications .The industrial sector accounted for majority of revenue share in 2017 due to high adoption rates across developed countries such as U.S.
Product Definition:
A water recirculating chiller is a type of industrial cooling system that uses a chilled liquid, such as water or glycol, to cool process equipment or other facilities. The chilled liquid is circulated through the system by means of pumps and piping. The importance of water recirculating chillers lies in their ability to provide efficient cooling for a wide range of industrial applications.
115 VAC:
The 115 VAC is the standard voltage used in chillers. It is a power supply for air conditioning systems and refrigeration equipment. The 115 VAC power supply has been dominating the global water recirculating chillers market due to its widespread use in residential, commercial, and industrial applications across North America and Europe regions.
208/230 VAC:
208/230 VAC is a standard voltage used in water recirculating chillers. It is widely used across the globe and has become a de facto standard for most commercial buildings.
Application Insights:
The laboratory use segment dominated the global market in 2017. This is attributed to the rising demand for high-quality water and continuous efforts by research organizations to improve their water treatment facilities. In addition, growing concerns regarding biohazards have led to an increased focus on ensuring safe and clean working environments for lab technicians across educational institutions, industrial sites and government laboratories worldwide.
Industrial use is expected to be one of the fastest-growing application segments over the forecast period owing to stringent regulations regarding wastewater discharge from several industries including food & beverage, chemical, pulp & paper as well as metal & mining across various regions in order to safeguard natural resources such as freshwater lakes and marine life from contamination due to human waste effluents from these industries. As a result, many industry players are opting for recirculating chillers with higher capacity units that can produce more chilled water at a lower cost compared with other types of chillers used in industrial applications globally.
Regional Analysis:
The market in Asia Pacific and Middle East & Africa is anticipated to grow at a significant rate over the forecast period owing to the rising demand for HVAC systems from industries, such as food processing, pharmaceuticals, chemical manufacturing and others. The growing water treatment industry in these regions is also expected to drive the demand for water recirculating chillers.
In addition, increasing investments by governments of various countries are expected to boost industrialization across this region which will further propel product adoption. For instance; Saudi Arabia has planned extensive development projects including King Abdullah Economic City (KAEC) with an investment of USD X billion over a period of 15 years from 2018 which includes construction of offices, hotels and other commercial facilities along with residential complexes catering primarily to middle-class income groups seeking housing accommodation away from congested urban centers. Such factors are likely drive regional growth through 2025 showing significant promise for future growth opportunities in this market space.
Growth Factors:
- Increasing demand for chilled water in various industrial and commercial applications is expected to drive the growth of the water recirculating chillers market.
- The growing popularity of data centers is also anticipated to fuel the demand for water recirculating chillers in the near future.
- Rising concerns about energy efficiency and environmental sustainability are projected to boost the adoption of these chillers across different industries.
- Growing investments in infrastructure development is also expected to create lucrative opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Recirculating Chillers Market Research Report
By Type
115 VAC, 208/230 VAC, 400 VAC, Other
By Application
Laboratory Use, Industrial Use, Medical Use, Other
By Companies
Qsonica, Thermo Scientific, Lytron, Grant Instruments, Laird Thermal Systems, JULABO GmbH, Agilent Technologies, SP Scientific, Lake Shore Cryotronics,Inc, FRYKA-KaltetechnikGmbH, Qsonica
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Water Recirculating Chillers Market Report Segments:
The global Water Recirculating Chillers market is segmented on the basis of:
Types
115 VAC, 208/230 VAC, 400 VAC, Other
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 Use, Industrial Use, Medical Use, 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:
- Qsonica
- Thermo Scientific
- Lytron
- Grant Instruments
- Laird Thermal Systems
- JULABO GmbH
- Agilent Technologies
- SP Scientific
- Lake Shore Cryotronics,Inc
- FRYKA-KaltetechnikGmbH
- Qsonica
Highlights of The Water Recirculating 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:
- 115 VAC
- 208/230 VAC
- 400 VAC
- Other
- By Application:
- Laboratory Use
- Industrial Use
- Medical Use
- 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 Water Recirculating 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 recirculating chillers are a type of air conditioning system that uses water to cool the air. The water circulates through a coil or series of coils inside the unit, and it is this circulation that helps to keep the air cool.
Some of the major players in the water recirculating chillers market are Qsonica, Thermo Scientific, Lytron, Grant Instruments, Laird Thermal Systems, JULABO GmbH, Agilent Technologies, SP Scientific, Lake Shore Cryotronics,Inc, FRYKA-KaltetechnikGmbH, Qsonica.
The water recirculating chillers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Water Recirculating 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 Recirculating Chillers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Water Recirculating 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 Recirculating 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 Recirculating Chillers Market Size & Forecast, 2018-2028 4.5.1 Water Recirculating Chillers Market Size and Y-o-Y Growth 4.5.2 Water Recirculating Chillers Market Absolute $ Opportunity
Chapter 5 Global Water Recirculating 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 Water Recirculating Chillers Market Size Forecast by Type
5.2.1 115 VAC
5.2.2 208/230 VAC
5.2.3 400 VAC
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Water Recirculating 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 Water Recirculating Chillers Market Size Forecast by Applications
6.2.1 Laboratory Use
6.2.2 Industrial Use
6.2.3 Medical Use
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Recirculating 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 Recirculating 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 Water Recirculating Chillers Analysis and Forecast
9.1 Introduction
9.2 North America Water Recirculating 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 Water Recirculating Chillers Market Size Forecast by Type
9.6.1 115 VAC
9.6.2 208/230 VAC
9.6.3 400 VAC
9.6.4 Other
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 Water Recirculating Chillers Market Size Forecast by Applications
9.10.1 Laboratory Use
9.10.2 Industrial Use
9.10.3 Medical Use
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 Water Recirculating Chillers Analysis and Forecast
10.1 Introduction
10.2 Europe Water Recirculating 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 Water Recirculating Chillers Market Size Forecast by Type
10.6.1 115 VAC
10.6.2 208/230 VAC
10.6.3 400 VAC
10.6.4 Other
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 Water Recirculating Chillers Market Size Forecast by Applications
10.10.1 Laboratory Use
10.10.2 Industrial Use
10.10.3 Medical Use
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 Water Recirculating Chillers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Water Recirculating 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 Water Recirculating Chillers Market Size Forecast by Type
11.6.1 115 VAC
11.6.2 208/230 VAC
11.6.3 400 VAC
11.6.4 Other
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 Water Recirculating Chillers Market Size Forecast by Applications
11.10.1 Laboratory Use
11.10.2 Industrial Use
11.10.3 Medical Use
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 Water Recirculating Chillers Analysis and Forecast
12.1 Introduction
12.2 Latin America Water Recirculating 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 Water Recirculating Chillers Market Size Forecast by Type
12.6.1 115 VAC
12.6.2 208/230 VAC
12.6.3 400 VAC
12.6.4 Other
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 Water Recirculating Chillers Market Size Forecast by Applications
12.10.1 Laboratory Use
12.10.2 Industrial Use
12.10.3 Medical Use
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) Water Recirculating Chillers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Water Recirculating 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) Water Recirculating Chillers Market Size Forecast by Type
13.6.1 115 VAC
13.6.2 208/230 VAC
13.6.3 400 VAC
13.6.4 Other
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) Water Recirculating Chillers Market Size Forecast by Applications
13.10.1 Laboratory Use
13.10.2 Industrial Use
13.10.3 Medical Use
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 Water Recirculating Chillers Market: Competitive Dashboard
14.2 Global Water Recirculating Chillers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Qsonica
14.3.2 Thermo Scientific
14.3.3 Lytron
14.3.4 Grant Instruments
14.3.5 Laird Thermal Systems
14.3.6 JULABO GmbH
14.3.7 Agilent Technologies
14.3.8 SP Scientific
14.3.9 Lake Shore Cryotronics,Inc
14.3.10 FRYKA-KaltetechnikGmbH
14.3.11 Qsonica