Chiller Market Report, published by Allied Market Research, forecasts that the global market was valued at $8,784 million in 2015 and is expected to reach $11,542 million by 2022. The scroll chiller segment accounted for around 60% of the total chiller market size in 2015.
View Detail Summary of this report: https://www.alliedmarketresearch.com/chiller-market
Various types of chillers are used by industries and commercial sectors as per their requirement. The market for chillers has grown significantly in the past few years due to expansion in commercial and industrial sectors.
Commercial sectors, such as large retails, are highly dependent on chillers to store food items. Industrial sectors, such as plastics industry, exhibit huge demand for chillers to cool down their equipment & machineries.
The global chiller market growth is driven by factors such as increased consumption of frozen foods, and high demand for energy-efficient cooling solutions across industries such as plastic, rubber, & chemical. Technological advancements provide growth opportunities to the market players.
However, high electricity cost is one of the major challenges for the market growth.
Access KNOWLEDGE TREE at:
Tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...