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Global Water Chillers Market Size study & Forecast, by Type (Screw Chiller, Scroll Chiller, Centrifugal Chiller, and Others), Product Type (Air Cooled Chiller and Water-Cooled Chiller), Power Range (50 Kw, 50-200 Kw, and More Than 200 Kw), and End User (Chemical and Petrochemicals, Food and Beverages, Medical, and Others) and Regional Analysis, 2023-2030

May 2024 | 200 pages | ID: GA3FE6F444E4EN
Bizwit Research & Consulting LLP

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Global Water Chillers Market is valued approximately at USD 11206.7 million in 2022 and is anticipated to grow with a growth rate of more than 3.7% over the forecast period 2023-2030. Water Chiller is a is a type of refrigeration system which uses water as a secondary refrigerant. In most chillers, refrigerant is used in a closed loop system to promote heat exchange from water, and the refrigerant is subsequently piped to a place where waste heat is released to the atmosphere. The market is growing due to an increase in demand for chillers from different industry verticals such as food and beverages, petrochemicals, rubber, plastic, medical, and others. The expansion of the aviation sector and the rise in new commercial construction Projects are expected to boost the worldwide chillers market. Furthermore, the rise in average worldwide temperature, which leads to the use of heating, ventilation, and air conditioning (HVAC) systems, promotes market expansion.

One of the most popular chilling systems for manufacturers and distributors of food and beverages is water chillers for food processing. Reliable indirect cooling equipment is crucial for a variety of food processing activities, including those that make cheese, pork, sauce, yoghurt, ice cream, chocolate, and baked products. Industries like food processing and packaging also demand precise and steady temperature control. According to the Deutsches Tiefkьhlinstitut Germans consumed 46.1 kilograms of deep-frozen food per person in 2021 compared to 44.8 kilograms in 2020. Additionally, according to the Organisation for Economic Co-operation and Development (OECD), the amount of cheese produced in the European Union (EU 27) would increase, rising from 9,938 thousand tones in 2018 to 11,543 thousand tones in 2030. Additionally, Due to the growing use of environmentally friendly cooling equipment across a variety of end-use sectors, the demand for absorption chillers is consistently rising also technological innovation in chillers is expected to offer remunerative opportunities for the global chillers market. However, the high setup cost of Water Chillers stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Water Chillers Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 holding the largest market share owing to the increase in demand from end-use industries, such as metal forming and food processing. In addition, the growth of infrastructure development in developing countries is also contributing to the growth of the water chillers market in this region. North America is fastest growing during the forecast period, owing as a result of sustained economic expansion and increasing urbanisation, the construction of hospitals, offices, large retail establishments, and theatres has increased. Demand for chillers in the region's residential, commercial, and industrial sectors is being driven by increased tourism, smart city initiatives, and building activities. For instance, in March 2022, Frick Industrial Refrigeration, a part of Johnson Controls in the United States, developed a new low-charge online packaged ammonia/NH3 (R717) chiller for the North American market.

Major market player included in this report are:
Carrier Global Corporation
Mitsubishi Electric Corporation
Daikin Industries Ltd.
Dimplex Thermal Solutions
LG Electronics
Johnson Controls International PLC
Polyscience Inc.
Smart Chiller Group Inc.
Thermax Ltd.
Trane Technologies Plc
Recent Developments in the Market:
In March 2022, Carrier introduced the Aqua Force Vision 30KAV with PUREtec refrigerant, a new line of high-performance, compact process cooling chillers with ultra-low global warming potential (GWP) refrigerant R-1234ze. The chiller line is optimized for industrial processing like food manufacturing, plastics, pharmaceuticals, chemicals, metal industries, and applications requiring ultra-reliable cooling up to -12degC.
In June 2021, Carrier Corporation acquired China-based HVAC manufacturer Guangdong Giwee Group and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. The acquisition aims to expand Carrier Corporation's access to the rapidly growing variable refrigerant flow (VRF) and light commercial market, which is expected to reach approximately USD 20 billion by 2025
Global Water Chillers Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Product Type, Power Range, End-User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Screw Chiller
Scroll Chiller
Centrifugal Chiller
Others

By Product Type:
Air Cooled Chiller
Water-Cooled Chiller

By Power Range:
50 Kw
50-200 Kw
More Than 200 Kw

By End-User:
Chemical and Petrochemicals
Food and Beverages
Medical
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
  1.2.1. Water chillers Market, by Region, 2020-2030 (USD Million)
  1.2.2. Water chillers Market, by Type, 2020-2030 (USD Million)
  1.2.3. Water chillers Market, by Product Type, 2020-2030 (USD Million)
  1.2.4. Water chillers Market, by Power Range, 2020-2030 (USD Million)
  1.2.5. Water chillers Market, by End User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL WATER CHILLERS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL WATER CHILLERS MARKET DYNAMICS

3.1. Water chillers Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rise in new commercial construction structures
    3.1.1.2. Growing demand for process cooling in industrial applications
  3.1.2. Market Challenges
    3.1.2.1. High Setup Cost of Water chillers
  3.1.3. Market Opportunities
    3.1.3.1. Technological Innovations

CHAPTER 4. GLOBAL WATER CHILLERS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL WATER CHILLERS MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Water chillers Market by Type, Performance - Potential Analysis
5.3. Global Water chillers Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Water chillers Market, Sub Segment Analysis
  5.4.1. Screw Chiller
  5.4.2. Scroll Chiller
  5.4.3. Centrifugal Chiller
  5.4.4. Others

CHAPTER 6. GLOBAL WATER CHILLERS MARKET, BY PRODUCT TYPE

6.1. Market Snapshot
6.2. Global Water chillers Market by Product Type, Performance - Potential Analysis
6.3. Global Water chillers Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
6.4. Water chillers Market, Sub Segment Analysis
  6.4.1. Air Cooled Chiller
  6.4.2. Water-Cooled Chiller

CHAPTER 7. GLOBAL WATER CHILLERS MARKET, BY POWER RANGE

7.1. Market Snapshot
7.2. Global Water chillers Market by Power Range, Performance - Potential Analysis
7.3. Global Water chillers Market Estimates & Forecasts by Power Range 2020-2030 (USD Million)
7.4. Water chillers Market, Sub Segment Analysis
  7.4.1. 50 Kw
  7.4.2. 50-200 Kw
  7.4.3. More Than 200 Kw

CHAPTER 8. GLOBAL WATER CHILLERS MARKET, BY END USER

8.1. Market Snapshot
8.2. Global Water chillers Market by End User, Performance - Potential Analysis
8.3. Global Water chillers Market Estimates & Forecasts by End User 2020-2030 (USD Million)
8.4. Water chillers Market, Sub Segment Analysis
  8.4.1. Chemical and Petrochemicals
  8.4.2. Food and Beverages
  8.4.3. Medical
  8.4.4. Others

CHAPTER 9. GLOBAL WATER CHILLERS MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Water chillers Market, Regional Market Snapshot
9.4. North America Water chillers Market
  9.4.1. U.S. Water chillers Market
    9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Product Type breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Power Range breakdown estimates & forecasts, 2020-2030
    9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Water chillers Market
9.5. Europe Water chillers Market Snapshot
  9.5.1. U.K. Water chillers Market
  9.5.2. Germany Water chillers Market
  9.5.3. France Water chillers Market
  9.5.4. Spain Water chillers Market
  9.5.5. Italy Water chillers Market
  9.5.6. Rest of Europe Water chillers Market
9.6. Asia-Pacific Water chillers Market Snapshot
  9.6.1. China Water chillers Market
  9.6.2. India Water chillers Market
  9.6.3. Japan Water chillers Market
  9.6.4. Australia Water chillers Market
  9.6.5. South Korea Water Chillers Market
  9.6.6. Rest of Asia Pacific Water Chillers Market
9.7. Latin America Water Chillers Market Snapshot
  9.7.1. Brazil Water chillers Market
  9.7.2. Mexico Water chillers Market
9.8. Middle East & Africa Water chillers Market
  9.8.1. Saudi Arabia Water Chillers Market
  9.8.2. South Africa Water Chillers Market
  9.8.3. Rest of Middle East & Africa Water chillers Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Carrier Global Corporation
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Mitsubishi Electric Corporation
  10.3.3. Daikin Industries Ltd.
  10.3.4. Dimplex Thermal Solutions
  10.3.5. LG Electronics
  10.3.6. Johnson Controls International PLC
  10.3.7. Polyscience Inc.
  10.3.8. Smart Chiller Group Inc.
  10.3.9. Thermax Ltd.
  10.3.10. Trane Technologies Plc

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Water chillers Market, report scope
TABLE 2. Global Water chillers Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Water chillers Market estimates & forecasts by Type 2020-2030 (USD Million)
TABLE 4. Global Water chillers Market estimates & forecasts by Product Type 2020-2030 (USD Million)
TABLE 5. Global Water chillers Market estimates & forecasts by Power Range 2020-2030 (USD Million)
TABLE 6. Global Water chillers Market estimates & forecasts by End User 2020-2030 (USD Million)
TABLE 7. Global Water chillers Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Water chillers Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Water chillers Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Water chillers Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Water chillers Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Water chillers Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Water chillers Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Water chillers Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Water chillers Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. Global Water chillers Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 18. U.S. Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. U.S. Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 21. Canada Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. Canada Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 24. UK Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. UK Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 27. Germany Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. Germany Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 30. France Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. France Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 33. Italy Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Italy Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 36. Spain Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. Spain Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 39. RoE Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. RoE Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 42. China Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. China Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 45. India Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. India Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 48. Japan Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. Japan Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 51. South Korea Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. South Korea Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 54. Australia Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. Australia Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 57. RoAPAC Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. RoAPAC Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 60. Brazil Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Brazil Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 63. Mexico Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. Mexico Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 66. RoLA Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. RoLA Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. Saudi Arabia Water chillers Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 69. South Africa Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. RoMEA Water chillers Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 71. List of secondary sources, used in the study of global Water chillers Market
TABLE 72. List of primary sources, used in the study of global Water chillers Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Water chillers Market, research methodology
FIG 2. Global Water chillers Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Water chillers Market, key trends 2022
FIG 5. Global Water chillers Market, growth prospects 2023-2030
FIG 6. Global Water chillers Market, porters 5 force model
FIG 7. Global Water chillers Market, pest analysis
FIG 8. Global Water chillers Market, value chain analysis
FIG 9. Global Water chillers Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Water chillers Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Water chillers Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Water chillers Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Water chillers Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Water chillers Market, regional snapshot 2020 & 2030
FIG 15. North America Water chillers Market 2020 & 2030 (USD Million)
FIG 16. Europe Water chillers Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Water chillers Market 2020 & 2030 (USD Million)
FIG 18. Latin America Water chillers Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Water chillers Market 2020 & 2030 (USD Million)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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