Authored By: Sarah
18 Oct 2023

Industrial Chillers Market Growth Analysis | Deutschland GmbH, Carrier Global Corp., Daikin Industries Ltd. are among Market Pioneers

Competitive Benchmarking and Forecasts for Market Players 2023-2027

According to Technavio’s Market assessment, the Industrial Chillers Market is estimated to exhibit growth at a CAGR of 4.35% between 2022 and 2027 followed by USD 1,230.32 Mn revenue growth.  The rising adoption of district heating and cooling infrastructure, stringent regulations on refrigerant use, and the growing use of industrial chillers across various industries are some of the major elements contributing to the market advancement during the forecast period.

Senior Analyst at Technavio quoted ~ " the growing adoption of district heating and cooling infrastructure is the key factor driving the industrial chillers market growth, as district cooling system is an economical option compared to running compressors for refrigeration."

Industrial Chillers Market Growth Analysis | Deutschland GmbH, Carrier Global Corp., Daikin Industries Ltd. are among Market Pioneers

Snapshot of Industrial Chillers Market Analysis

Core Companies and their Key Offerings: When it comes to the key market players, the rising demand across the world, pushes the core companies to come up with a lot of offerings.

  • Ait Deutschland GmbH is involved in producing and developing energy-efficient chiller solutions for different industrial applications. It also offers industrial chillers that have optimal efficiency.
  • Carrier Global Corp offers industrial chillers having different value-added features such as rotary scroll compression and a quiet AeroAcoustic fan system.

FRIGEL FIRENZE S.p.A., Friulair S.r.l., General Air Products, Johnson Controls International Plc., LG Corp., Mitsubishi Electric Corp., MTA S.p.A., Paul Mueller Co. Inc., PolyScience, Raytheon Technologies Corp., etc are some of the leading Market pioneers when it comes to Industrial Chillers Market. Download  Technavio's sample report which includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.

Industrial Chillers Market Highlights

  • The Industrial chillers market is segmented by End-user (Chemical and petrochemical, Plastics, Food and beverage, Pharmaceuticals and biotechnology, and Others ), Type (Water chillers and Air chillers ), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
  • APAC led the market with 45% of the market growth set to originate from this region during the forecast period.
  • Growing adoption of district heating and cooling infrastructure is one of the primary factors driving the growth of the industrial chillers market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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