Heat, ventilation and air conditioning chillers deliver a healthier environment by providing cooling for industrial and commercial applications. The HVAC chillers remove heat through vapour compression and provide consistent temperature and pressure to industrial processes. They are mainly applicable in the residential and commercial sectors. The overheating of machine pose a potential risk to the health and safety of workers. HVAC chillers prevent the overheating of machines, which enhances the worker’s safety. The centralized chillers used in the industries serve multiple cooling needs.
Increasing urbanization in developing countries drives the growth of the HVAC chiller market, globally. All buildings need air conditioning as they produce a lot of unwanted heat by solar heat gain and from the occupants inside. People prefer centralized HVAC chillers in the building as it serves multiple cooling needs. The increasing purchasing power of the people and rising developed residential areas boost the demand for HVAC chillers. The rapidly growing tourism industry is responsible for the rising number of hotels and public infrastructure, which positively impacts the growth of the HVAC chiller market. Moreover, rapid industrialization further fuels the growth of the market.
The study analyses the global HVAC chiller market based on the product, end-user, and geography.
Major products of the HVAC chiller market covered in the study are screw chillers, centrifugal chillers and scroll chillers. The demand for scroll chillers is increasing, as they are applicable in several sectors. They provide higher durability and quiet operations. The scroll chiller market contributes the largest share in the growth of the HVAC chiller market.
Based on end user, the HVAC chiller market is bifurcated into residential and commercial and industrial. The HVAC chillers are used on a large scale in the commercial sector. The centralized HVAC chillers used in the commercial sector serve the purpose of multiple cooling needs, which will reduce the expense of multiple cooler systems. The increasing demand for HVAC chillers in the commercial facility including hospitals, sporting areas, hotels, restaurants, and manufacturing plants drives the growth of the market.
The key competitors of this market include Daikin Industries (Japan), Ingersoll Rand (Ireland), United Technologies (Carrier) (the U.S.), Climaveneta S.p.A. (Italy), Airedale Air Conditioning (U.K.), JIANGSU SHUANGLIANG ECO-ENERGY CO.LTD. (China), Thermionics Corporation (U.S.), SKM Air Conditioning LLC (UAE), Thermal Care, Inc. (U.S.), and Kaltra Innovativtechnik GmbH (Germany), PolyScience (U.S.),and Bluebox (Italy).
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. The factors like technological advancement, increasing urbanization, and the growing construction activities is expected to drive the growth of the HVAC chiller market.
The study analyses the global HVAC chiller market based on product, end user, and geography. Major products of the HVAC chiller market covered in the study are screw chillers, centrifugal chillers and scroll chillers. By end users of HVAC chiller markets are bifurcated as residential and commercial and industrial. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
Why to buy this report: