The following companies as the key players in the global industrial chillers market: Carrier, Daikin Industries, Ingersoll Rand, Johnson Controls, and Mitsubishi Electric.
Global Industrial Chillers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
Other Prominent Vendors in the market are: Airedale Cooling Services, Blue Star, Fujitsu General, Haier, Midea Group, Panasonic, SAMSUNG, Smardt Chiller Group, and Thermax Inc.
The analysts forecast Global Industrial Chillers Market to grow at a CAGR of 3.80% during the period 2017-2021.
Building Automation Systems (BAS) play a key role in the industrial chiller market. These BAS control and monitor the HVAC equipment installed in buildings.
BAS are embedded with digital communication tools systems, which allow them to enhance the energy efficiency of these systems. Due to such advances in technology, various industrial and commercial buildings are using the Internet of Things (IoT) to improve the efficiency of their HVAC systems.
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According to the report, one driver in the market is increase in demand for frozen foods. The frozen food market is rapidly growing due to the availability of products throughout the year, which means that they are not limited by seasonal availability.
There is a significant rise in the demand for frozen foods due to changes in consumer behavior as well as demographic shifts. Due to the lack of time, many consumers prefer to buy processed fruits and vegetables for their daily consumption.
The changes in eating habits and health consciousness have significantly triggered the demand for processed foods.
This report covers the present scenario and the growth prospects of the Global Industrial Chillers Market For 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: Americas,, APAC and EMEA
Further, the report states that one challenge in the market is intense market competition. The presence of many regional and international players increases the competition in the industrial chillers market.
Most of the major players are threatened due to the presence of local players as the latter offer lower-cost products and components. Some of the vendors in APAC even sell parts and components at subsidized rates, which affects the sales of the high-quality premium products manufactured by major players.
This affects the pricing strategy, R&D investments, and brand image of established international players.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Industrial Chillers
Industrial chillers are systems that cool or dehumidify the air in commercial and industrial facilities. The chillers use either absorption cycle or vapor compression for cooling.
There are three types of chillers, namely, air chillers, water chillers, and evaporative condensed chillers. The basic components of chillers through which the refrigerant passes include evaporators, compressors, condensers, and expansion valves.
Intense market competition
For a full, detailed list, view our report
For a full, detailed list, view our report
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Table of Contents
Scope of the report
Market segmentation by end-user
Drivers and challenges
Key vendor analysis
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