Market Overview:
The global industrial chiller unit 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 industrial chiller units from various end-use industries, such as medical industry, chemical & pharmaceuticals, plastics & rubber, metal forming process and food processing. In addition, the growing demand for energy-efficient and environment-friendly industrial chiller units is also contributing to the growth of this market. On the basis of type, screw chillers are expected to account for a major share of the global industrial chiller unit market during the forecast period. This can be attributed to their high efficiency and low operating costs as compared with other types of chillers.
Product Definition:
An industrial chiller unit is a device that is used to cool liquids or gases. The importance of an industrial chiller unit is that it helps to maintain the temperature of a process or product.
Screw Chillers:
Screw chillers are used to cool the fasteners during the production process. These chillers can be used in various industries such as automotive, aerospace and defense, construction equipment and material handling equipment among others. The growth factor for this market is directly proportional to demand from end-use industries across the globe.
The global screw chillers market was valued at USD 1,867.1 million in 2016.
Centrifugal Chillers:
Centrifugal chillers are used to decrease the temperature of fluid streams. They are widely used in industrial chiller units as they provide high capacity and low-cost cooling. The basic function of a centrifugal chiller is to transfer heat from one stream to another at a different velocity, which causes the temperature difference and results in cooling.
Application Insights:
The chemical and pharmaceutical industry dominated the global market in terms of revenue in 2017. The growth can be attributed to the increasing demand for pharmaceutical products from countries such as India, China, Thailand, Indonesia and other ASEAN nations. Moreover, companies are also focusing on R&D activities to develop new products with better quality standards that can cater to the growing needs of consumers. This is expected to further propel industry expansion over the next eight years.
The food processing segment accounted for a significant share in 2017 owing to factors such as rapid urbanization along with rising income levels among developing countries has resulted in an increased demand for processed foods including canned meat and corned beef among others which use chillers during production process leading to increased sales across regional markets worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, increasing demand for energy-efficient equipment, and rising investments in new manufacturing facilities by major companies. China is a prominent country investing in these facilities as it offers low-cost labor along with easy access to resources and capital.
The Asia Pacific has been experiencing strong economic growth since 2010 owing to an upsurge in manufacturing activities across various industries including food & beverage, automotive, construction materials, pharmaceuticals & chemicals due to regulatory support for promoting domestic production within countries’ respective economies. This trend is projected to drive the demand for chillers within this region over the forecast period.
Growth Factors:
- Increasing demand for chilled water in various industrial applications is driving the growth of the industrial chiller unit market.
- The growing popularity of data centers and server rooms is also fueling the demand for industrial chillers, as these units are used to cool down high-density equipment racks.
- Rising investments in infrastructure development projects, especially in emerging economies, are providing a boost to the market for industrial chillers.
- Rapid advancements in technology are resulting in the development of more energy-efficient and compact chillers, which is propelling their adoption across industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Chiller Unit Market Research Report
By Type
Screw Chillers, Centrifugal Chillers, Reciprocating Chillers, Other
By Application
Medical Industry, Chemical & Pharmaceutical, Plastics & Rubber, Metal Forming Process, Food Processing, Other
By Companies
Johnson Controls, Bosch, Trane (Ingersoll-Rand), Carrier, Parker Hannifin, Lennox, Dimplex Thermal Solutions, EcoChillers, Thermal Care, Hitachi, Dinkin (McQuay), Lytron Chillers, Mammoth, Toshiba, Advantage Engineering, Mitsubshi, Filtrine
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Chiller Unit Market Report Segments:
The global Industrial Chiller Unit market is segmented on the basis of:
Types
Screw Chillers, Centrifugal Chillers, Reciprocating Chillers, 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
Medical Industry, Chemical & Pharmaceutical, Plastics & Rubber, Metal Forming Process, Food Processing, 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:
- Johnson Controls
- Bosch
- Trane (Ingersoll-Rand)
- Carrier
- Parker Hannifin
- Lennox
- Dimplex Thermal Solutions
- EcoChillers
- Thermal Care
- Hitachi
- Dinkin (McQuay)
- Lytron Chillers
- Mammoth
- Toshiba
- Advantage Engineering
- Mitsubshi
- Filtrine
Highlights of The Industrial Chiller Unit 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:
- Screw Chillers
- Centrifugal Chillers
- Reciprocating Chillers
- Other
- By Application:
- Medical Industry
- Chemical & Pharmaceutical
- Plastics & Rubber
- Metal Forming Process
- Food Processing
- 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 Industrial Chiller Unit 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?
An industrial chiller unit is a machine that is used to cool down large volumes of water or other fluid substances. They are typically used in factories, warehouses, and other commercial settings where it is important to keep the temperature low enough so that products can be stored safely and shipped without spoiling.
Some of the key players operating in the industrial chiller unit market are Johnson Controls, Bosch, Trane (Ingersoll-Rand), Carrier, Parker Hannifin, Lennox, Dimplex Thermal Solutions, EcoChillers, Thermal Care, Hitachi, Dinkin (McQuay), Lytron Chillers, Mammoth, Toshiba, Advantage Engineering, Mitsubshi, Filtrine.
The industrial chiller unit market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Chiller Unit Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Chiller Unit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Chiller Unit Market - Supply Chain
4.5. Global Industrial Chiller Unit Market Forecast
4.5.1. Industrial Chiller Unit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Chiller Unit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Chiller Unit Market Absolute $ Opportunity
5. Global Industrial Chiller Unit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Chiller Unit Market Size and Volume Forecast by Type
5.3.1. Screw Chillers
5.3.2. Centrifugal Chillers
5.3.3. Reciprocating Chillers
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Chiller Unit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Chiller Unit Market Size and Volume Forecast by Application
6.3.1. Medical Industry
6.3.2. Chemical & Pharmaceutical
6.3.3. Plastics & Rubber
6.3.4. Metal Forming Process
6.3.5. Food Processing
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Chiller Unit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Chiller Unit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Chiller Unit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Chiller Unit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Chiller Unit Demand Share Forecast, 2019-2026
9. North America Industrial Chiller Unit Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Chiller Unit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Chiller Unit Market Size and Volume Forecast by Application
9.4.1. Medical Industry
9.4.2. Chemical & Pharmaceutical
9.4.3. Plastics & Rubber
9.4.4. Metal Forming Process
9.4.5. Food Processing
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Chiller Unit Market Size and Volume Forecast by Type
9.7.1. Screw Chillers
9.7.2. Centrifugal Chillers
9.7.3. Reciprocating Chillers
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Chiller Unit Demand Share Forecast, 2019-2026
10. Latin America Industrial Chiller Unit Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Chiller Unit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Chiller Unit Market Size and Volume Forecast by Application
10.4.1. Medical Industry
10.4.2. Chemical & Pharmaceutical
10.4.3. Plastics & Rubber
10.4.4. Metal Forming Process
10.4.5. Food Processing
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Chiller Unit Market Size and Volume Forecast by Type
10.7.1. Screw Chillers
10.7.2. Centrifugal Chillers
10.7.3. Reciprocating Chillers
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Chiller Unit Demand Share Forecast, 2019-2026
11. Europe Industrial Chiller Unit Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Chiller Unit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Chiller Unit Market Size and Volume Forecast by Application
11.4.1. Medical Industry
11.4.2. Chemical & Pharmaceutical
11.4.3. Plastics & Rubber
11.4.4. Metal Forming Process
11.4.5. Food Processing
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Chiller Unit Market Size and Volume Forecast by Type
11.7.1. Screw Chillers
11.7.2. Centrifugal Chillers
11.7.3. Reciprocating Chillers
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Chiller Unit Demand Share, 2019-2026
12. Asia Pacific Industrial Chiller Unit Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Chiller Unit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Chiller Unit Market Size and Volume Forecast by Application
12.4.1. Medical Industry
12.4.2. Chemical & Pharmaceutical
12.4.3. Plastics & Rubber
12.4.4. Metal Forming Process
12.4.5. Food Processing
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Chiller Unit Market Size and Volume Forecast by Type
12.7.1. Screw Chillers
12.7.2. Centrifugal Chillers
12.7.3. Reciprocating Chillers
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Chiller Unit Demand Share, 2019-2026
13. Middle East & Africa Industrial Chiller Unit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Chiller Unit Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Chiller Unit Market Size and Volume Forecast by Application
13.4.1. Medical Industry
13.4.2. Chemical & Pharmaceutical
13.4.3. Plastics & Rubber
13.4.4. Metal Forming Process
13.4.5. Food Processing
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Chiller Unit Market Size and Volume Forecast by Type
13.7.1. Screw Chillers
13.7.2. Centrifugal Chillers
13.7.3. Reciprocating Chillers
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Chiller Unit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Chiller Unit Market: Market Share Analysis
14.2. Industrial Chiller Unit Distributors and Customers
14.3. Industrial Chiller Unit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bosch
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Trane (Ingersoll-Rand)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Carrier
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Parker Hannifin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lennox
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dimplex Thermal Solutions
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EcoChillers
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thermal Care
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hitachi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dinkin (McQuay)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lytron Chillers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mammoth
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Toshiba
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Advantage Engineering
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mitsubshi
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Filtrine
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
