Market Overview:
The global recirculating chillers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The segment of low temperature -40 degreeC-20 degreeC is leading the overall recirculating chillers market, with a market share more than 90%. This can be attributed to the increasing demand for precision cooling in various applications such as semiconductor, chemical extraction, and laser processing equipment. In terms of region, North America dominates the global recirculating chillers market followed by Europe and Asia Pacific. The growth in this region can be attributed to the increasing demand from end-use industries such as semiconductor and electronics.
Product Definition:
A recirculating chiller is a device used to cool water or other fluids by transferring heat from the fluid to a refrigerant and then returning the cooled fluid back to the process. Recirculating chillers are important because they can provide reliable cooling for processes that require it, such as in manufacturing or data centers.
Low Temperature below -40 DegreeC:
Recirculating chillers are used to cool the heat generated by a process or machine. The heat is removed from the machine and then it is replaced with cold water, which causes the temperature of that water to drop, thereby reducing the temperature of the original material. This technology has been around for many years but only recently have manufacturers started using this in commercial applications such as data centers and server rooms.
Low Temperature -40 DegreeC to 20 DegreeC:
The Recirculating Chiller is a heat pump which is used to transfer heat from one place to another. It works by transferring the cold from the refrigeration circuit to an area of your choice. The product has applications in various end-use industries such as food & beverage, chemical processing, pharmaceuticals and others.
It's working principle is very simple it consists of two parts; evaporator.
Application Insights:
The application segment of the global recirculating chillers market is classified into chemical extraction, semiconductor, x-ray instrument, laser processing equipment, packaging line equipment, coating temperature control and other applications. The chemical extraction segment is expected to be the fastest growing application over the forecast period owing to its rising adoption in crude oil refining process.
Semiconductor emerged as a prominent user of recirculating chillers and accounted for 21% of total demand in 2016. Semiconductors require very small amounts of heat transfer liquid; hence they are Chilled Water Reuse (CWR), which reduces energy consumption and greenhouse gas emissions significantly as compared to their conventional counterparts. Recycled water from CWR unit is used for cooling down electronic components; this practice has reduced electricity bills by more than 50% at most U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% over the forecast period. The growth can be attributed to rising demand for chillers from end-use industries such as semiconductors, electronics, pharmaceuticals and others in emerging economies such as China and India. In addition, increasing government initiatives towards infrastructure development are also anticipated to drive the market in Asia Pacific region during the forecast period.
The Middle East & Africa is projected to witness significant growth over the coming years owing to rapid industrialization coupled with favorable government policies aimed at promoting foreign direct investments (FDI). Moreover, oil & gas industry has been one of leading sectors driving economic growth in this region which has led high demand for recirculating chillers for processing equipment used in oil field services industry thereby boosting regional market share significantly over past few years.
Growth Factors:
- Increasing demand for chilled water in various industrial and commercial applications is expected to drive the growth of the recirculating chillers market.
- The growing popularity of data centers is also anticipated to fuel the demand for recirculating chillers over the forecast period.
- Rising investments in infrastructure development projects are expected to create opportunities for the recirculating chillers market during the forecast period.
- Growing concerns pertaining to energy efficiency and environment conservation are likely to propel the adoption of recirculating chillers across various industries in coming years.
- Technological advancements in terms of design and performance coupled with declining prices are projected to boost growth prospects for this market during 2016-2024
Scope Of The Report
Report Attributes
Report Details
Report Title
Recirculating Chillers Market Research Report
By Type
Low Temperature below -40 DegreeC, Low Temperature -40 DegreeC to 20 DegreeC, The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
By Application
Chemical Extraction, Semiconductor, X-ray Instrument, Laser Processing Equipment, Packaging Line Equipment, Coating Temperature Control, Atomizing Device, UV Curing Unit, Electron Microscope, Other
By Companies
Thermo Fisher Scientific, LAUDA-Brinkmann, Buchi, Julabo, Lytron, Dimplex Thermal Solutions, SP Industries, Peter Huber Kältemaschinenbau, Cole-Parmer, Great Wall, VWR, Haskris, Grant Instruments, Filtrine, PolyScience, ThermoTek, Opti Temp, Tek-Temp, YU HUA Instrument, Across International
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Recirculating Chillers Market Report Segments:
The global Recirculating Chillers market is segmented on the basis of:
Types
Low Temperature below -40 DegreeC, Low Temperature -40 DegreeC to 20 DegreeC, The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
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
Chemical Extraction, Semiconductor, X-ray Instrument, Laser Processing Equipment, Packaging Line Equipment, Coating Temperature Control, Atomizing Device, UV Curing Unit, Electron Microscope, 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
- LAUDA-Brinkmann
- Buchi
- Julabo
- Lytron
- Dimplex Thermal Solutions
- SP Industries
- Peter Huber Kältemaschinenbau
- Cole-Parmer
- Great Wall
- VWR
- Haskris
- Grant Instruments
- Filtrine
- PolyScience
- ThermoTek
- Opti Temp
- Tek-Temp
- YU HUA Instrument
- Across International
Highlights of The 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:
- Low Temperature below -40 DegreeC
- Low Temperature -40 DegreeC to 20 DegreeC
- The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
- By Application:
- Chemical Extraction
- Semiconductor
- X-ray Instrument
- Laser Processing Equipment
- Packaging Line Equipment
- Coating Temperature Control
- Atomizing Device
- UV Curing Unit
- Electron Microscope
- 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 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
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- Consumer Insights
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- Product & Brand Management
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- 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?
Recirculating chillers are a type of air conditioning system that use refrigerant to cool the air. The refrigerant circulates through the system, absorbing heat from the air and then releasing it back into the atmosphere. This process helps to keep the air temperature consistent and comfortable.
Some of the key players operating in the recirculating chillers market are Thermo Fisher Scientific, LAUDA-Brinkmann, Buchi, Julabo, Lytron, Dimplex Thermal Solutions, SP Industries, Peter Huber KƒÂ¤ltemaschinenbau, Cole-Parmer, Great Wall, VWR, Haskris, Grant Instruments, Filtrine, PolyScience, ThermoTek, Opti Temp, Tek-Temp, YU HUA Instrument, Across International.
The recirculating chillers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Recirculating Chillers 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. Recirculating Chillers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recirculating Chillers Market - Supply Chain
4.5. Global Recirculating Chillers Market Forecast
4.5.1. Recirculating Chillers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recirculating Chillers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Recirculating Chillers Market Absolute $ Opportunity
5. Global Recirculating Chillers 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. Recirculating Chillers Market Size and Volume Forecast by Type
5.3.1. Low Temperature below -40 DegreeC
5.3.2. Low Temperature -40 DegreeC to 20 DegreeC
5.3.3. The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Recirculating Chillers 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. Recirculating Chillers Market Size and Volume Forecast by Application
6.3.1. Chemical Extraction
6.3.2. Semiconductor
6.3.3. X-ray Instrument
6.3.4. Laser Processing Equipment
6.3.5. Packaging Line Equipment
6.3.6. Coating Temperature Control
6.3.7. Atomizing Device
6.3.8. UV Curing Unit
6.3.9. Electron Microscope
6.3.10. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Recirculating Chillers 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. Recirculating Chillers 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 Recirculating Chillers 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. Recirculating Chillers 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 Recirculating Chillers Demand Share Forecast, 2019-2026
9. North America Recirculating Chillers 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 Recirculating Chillers 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 Recirculating Chillers Market Size and Volume Forecast by Application
9.4.1. Chemical Extraction
9.4.2. Semiconductor
9.4.3. X-ray Instrument
9.4.4. Laser Processing Equipment
9.4.5. Packaging Line Equipment
9.4.6. Coating Temperature Control
9.4.7. Atomizing Device
9.4.8. UV Curing Unit
9.4.9. Electron Microscope
9.4.10. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Recirculating Chillers Market Size and Volume Forecast by Type
9.7.1. Low Temperature below -40 DegreeC
9.7.2. Low Temperature -40 DegreeC to 20 DegreeC
9.7.3. The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
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 Recirculating Chillers Demand Share Forecast, 2019-2026
10. Latin America Recirculating Chillers 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 Recirculating Chillers 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 Recirculating Chillers Market Size and Volume Forecast by Application
10.4.1. Chemical Extraction
10.4.2. Semiconductor
10.4.3. X-ray Instrument
10.4.4. Laser Processing Equipment
10.4.5. Packaging Line Equipment
10.4.6. Coating Temperature Control
10.4.7. Atomizing Device
10.4.8. UV Curing Unit
10.4.9. Electron Microscope
10.4.10. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Recirculating Chillers Market Size and Volume Forecast by Type
10.7.1. Low Temperature below -40 DegreeC
10.7.2. Low Temperature -40 DegreeC to 20 DegreeC
10.7.3. The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
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 Recirculating Chillers Demand Share Forecast, 2019-2026
11. Europe Recirculating Chillers 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 Recirculating Chillers 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 Recirculating Chillers Market Size and Volume Forecast by Application
11.4.1. Chemical Extraction
11.4.2. Semiconductor
11.4.3. X-ray Instrument
11.4.4. Laser Processing Equipment
11.4.5. Packaging Line Equipment
11.4.6. Coating Temperature Control
11.4.7. Atomizing Device
11.4.8. UV Curing Unit
11.4.9. Electron Microscope
11.4.10. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Applicatio
11.7. Europe Recirculating Chillers Market Size and Volume Forecast by Type
11.7.1. Low Temperature below -40 DegreeC
11.7.2. Low Temperature -40 DegreeC to 20 DegreeC
11.7.3. The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
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 Recirculating Chillers Demand Share, 2019-2026
12. Asia Pacific Recirculating Chillers 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 Recirculating Chillers 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 Recirculating Chillers Market Size and Volume Forecast by Application
12.4.1. Chemical Extraction
12.4.2. Semiconductor
12.4.3. X-ray Instrument
12.4.4. Laser Processing Equipment
12.4.5. Packaging Line Equipment
12.4.6. Coating Temperature Control
12.4.7. Atomizing Device
12.4.8. UV Curing Unit
12.4.9. Electron Microscope
12.4.10. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Recirculating Chillers Market Size and Volume Forecast by Type
12.7.1. Low Temperature below -40 DegreeC
12.7.2. Low Temperature -40 DegreeC to 20 DegreeC
12.7.3. The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
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 Recirculating Chillers Demand Share, 2019-2026
13. Middle East & Africa Recirculating Chillers 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 Recirculating Chillers 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 Recirculating Chillers Market Size and Volume Forecast by Application
13.4.1. Chemical Extraction
13.4.2. Semiconductor
13.4.3. X-ray Instrument
13.4.4. Laser Processing Equipment
13.4.5. Packaging Line Equipment
13.4.6. Coating Temperature Control
13.4.7. Atomizing Device
13.4.8. UV Curing Unit
13.4.9. Electron Microscope
13.4.10. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Recirculating Chillers Market Size and Volume Forecast by Type
13.7.1. Low Temperature below -40 DegreeC
13.7.2. Low Temperature -40 DegreeC to 20 DegreeC
13.7.3. The segment of Low Temperature -40 DegreeC-20 DegreeC is leading the overall Recirculating Chillers market, with a market share more than 90%.
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 Recirculating Chillers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Recirculating Chillers Market: Market Share Analysis
14.2. Recirculating Chillers Distributors and Customers
14.3. Recirculating Chillers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermo Fisher Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LAUDA-Brinkmann
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Buchi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Julabo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lytron
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dimplex Thermal Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SP Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Peter Huber Kältemaschinenbau
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cole-Parmer
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Great Wall
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. VWR
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Haskris
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Grant Instruments
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Filtrine
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. PolyScience
14.4.15.1. Overview
14.4.15.2. Financials
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