Mar 6, 2020 SOURCE: BusinessWire

Global Chillers Market Analysis, Trends, and Forecasts 2019-2025 - ResearchAndMarkets.com

The "Chillers - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Chillers market worldwide is projected to grow by US$3.2 Billion, driven by a compounded growth of 4.3%.

Screw Chillers, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.7 Billion by the year 2025, Screw Chillers will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$115.9 Million to the region's size and clout in the next 5 to 6 years. Over US$93.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Screw Chillers will reach a market size of US$148.4 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.8% over the next couple of years and add approximately US$934.9 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

Advantage Engineering, Inc.
Airedale International Air Conditioning Ltd.
BlueBOX IT
BROAD Group
Bv Thermal Systems
Carrier Corporation
Cold Shot Chillers
Daikin Industries Ltd.
Drake Refrigeration, Inc.
Dunham-Bush Holding Bhd.
GEA Group AG
Johnson Controls - Hitachi Air Conditioning
Kaltra Innovativtechnik GmbH
Lennox Emea
Midea Group Co., Ltd.
Polysciences, Inc.
S.K.M Air Conditioning LLC
Shuangliang Eco-Energy Systems Co., Ltd.
Smardt Chiller Group Inc.
Tandem Chillers Inc.
Thermal Care, Inc.
Thermax Ltd.
Thermonics Corporation
Trane, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

A Prelude to Chillers Market
Global Chillers Market on a Growth Trajectory
Absorption Chillers to Grow at the Fastest Rate
Plastic Industry: The Largest End-user of Chillers
Global Competitor Market Shares
Chillers Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Demand for Process Cleaning in Industrial Applications
Frozen Food Market Drives Demand for Chillers in Food & Beverage Industry
Chemical Industry: Stable Growth Outlook Augurs Well for Chillers Market
Increasing Demand for Solar Cooling Spurs the Chillers Market
Regulations towards Fluorinated Bromine Gases to Bolster Market Demand for Chillers
Innovations
Competition

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES