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."
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.
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