GCCWIRE
  • Home
  • News
    • Press Releases
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • KSA
  • UAE
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
submit pr
No Result
View All Result
  • Home
  • News
    • Press Releases
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • KSA
  • UAE
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
submit pr
No Result
View All Result
GCCWIRE
submit pr
Home Press Releases

Chillers Market – Potential Opportunities and Company Analysis

admin by admin
January 23, 2023
in Press Releases
Chillers Market – Potential Opportunities and Company Analysis
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, January 23, 2023 ) The global Chillers Market size is estimated to be USD 4.1 billion in 2021 and projected to reach USD 4.8 billion by 2026, at a CAGR of 3.0%, between 2021 and 2026. Chillers are used in the industrial sector to maintain equipment temperature and keep the atmosphere cool. Some of the components of chillers include compressors, evaporators, condensers, control units, power panels, and expansion valves. Chillers provide air conditioning by eliminating the unwanted heat from commercial and industrial buildings.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149638848

The Chillers Market is segmented based on type as scroll, screw, centrifugal, reciprocating, and absorption. Scroll chillers led the market in 2020 being cost-effective and consume less power as compared to other types of chillers. Additionally, absorption chillers are projected to grow at sthe highest rate during the forecast period owing to the increasing use of eco-friendly cooling equipment in various end-use industries. Also, absorption chiller offers high energy efficiency rate, low maintenance, and low CO2 emission ratio. Further, the absence of a compressor in the absorption coolers results in direct or indirect firing and controlling the capacity through the amount of heat entering the system is driving the market demand.

Chillers are mainly used in the commercial, industrial, and residential applications for air conditioning, space cooling, and process cooling. They are energy efficient, compact, and easy to maintain. The growing demand for chillers from developing market coupled with its efficient space cooling and process cooling properties are expected to drive the chillers market. Chillers market is segment based on end-use industry as plastics, food & beverage, chemicals & petrochemicals, rubber, medical & pharmaceutical, printing, laser cutting, alternative energy, and others. Alternative energy is projected to grow at the highest rate in the chillers market whereas, chemicals and petrochemicals holds the largest market share.

The major industry players are adopted new product launch, acquisitions, expansions, and contract as growth strategies in the last five years. The leading players in the market are Daikin Industries (Japan), Carrier Corporation (US), Trane Technology (Ireland), Johnson Controls- Hitachi Air Conditioning (Japan), Mitsubishi Electric Corporation (Japan), Smardt Chiller Group Inc. (Canada), KKT Chillers (Germany), MTA S.P.A (Italy), Friulair S.R.L (Italy), HYDAC International (Germany), and Reynold India Pvt. Ltd (India).

Don’t miss out on business opportunities in Chillers Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=149638848   

Browse in-depth TOC on “Chillers Market”

151 – Market Data Tables

38 – Figures

209 – Pages

Trane Technology (Ireland) is among the key players in the chillers market. It is specialized in the manufacturing of HVAC systems through its established brand ‘Trane’. It has a strong foothold across the North American region, contributing around 78.0% of group’s revenue. The company has adopted organic and inorganic strategies to increase its market share and revenue. For instance, in 2019, it acquired several channel points, such as distributors and independent dealers to expand the distribution network across the region.

Carrier Corporation (US) is one of the leading manufacturer and supplier of HVAC solutions. The company owns more than 80 brands, such as Carrier, Chubb, Kidde, and Edwards in the HVAC market. In 2021, the company registered an organic sales growth of 6.0%, majorly driven by the industrial and commercial HVAC markets. It has an established joint venture with another leading HVAC company, ‘TEC’. This strategic joint venture is expected to expand the company’s footprints in the neighboring countries. This overall scenario is expected to create significant revenue opportunities for the company.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=149638848

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.



Source link

Previous Post

Real Web Marketing Inc. Offers Video Production

Next Post

Emirates News Agency – UAE Ambassador to Jordan, Jordanian Deputy Prime Minister inaugurate Aqaba Cruise Terminal in Amman

RelatedPosts

Battery Coating Market worth $658 million by 2027 – Exclusive Report by MarketsandMarkets™
Press Releases

Battery Coating Market worth $658 million by 2027 – Exclusive Report by MarketsandMarkets™

 (EMAILWIRE.COM, January 24, 2023 ) The report "Battery Coating Market by Battery Component (Electrode Coating, Separator Coating, Battery Pack Coating),...

by admin
January 24, 2023
Press Releases

Ethernet Connector and Transformer Industry worth $1,294 million by 2028

(EMAILWIRE.COM, January 24, 2023 ) The Global Ethernet Connector & Transformers Market is estimated to be valued at...

by admin
January 24, 2023
Telerehabilitation Market to register 14% CAGR during the forecast period
Press Releases

Telerehabilitation Market to register 14% CAGR during the forecast period

 Telerehabilitation Market(EMAILWIRE.COM, January 24, 2023 ) The report published by Maximize Market research, on the Telerehabilitation Market, covers...

by admin
January 24, 2023
Collagen and Gelatin Market to hit growth worth USD 1480.83 Mn by 2029 Competitive Landscape, New Market Opportunities
Press Releases

Collagen and Gelatin Market to hit growth worth USD 1480.83 Mn by 2029 Competitive Landscape, New Market Opportunities

 Collagen and Gelatin Market(EMAILWIRE.COM, January 24, 2023 ) The market intelligence report on “Collagen and Gelatin Market” analysed...

by admin
January 24, 2023
Load More

POPULAR POSTS

  • MarketsandMarkets™

    Aircraft Seat Upholstery Market worth $1.8 billion by 2025

    0 shares
    Share 0 Tweet 0
  • PallyCon unveils Robust Distributor Watermarking to Fortify Premium Content in the Distribution Phase

    0 shares
    Share 0 Tweet 0
  • KSA Weekly on Kingdom of Saudi Arabia adds to Arab Newswire Media List Press Release Distribution to MENA Region

    0 shares
    Share 0 Tweet 0
  • Automotive Fuel Tank Market Global Forecast to 2026

    0 shares
    Share 0 Tweet 0
  • Oman cable unveils the Global Sustainability Academy

    0 shares
    Share 0 Tweet 0

GCCWIRE™ provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in member countries of Gulf Corporation Council (GCC) and Middle east and North Africa. Submit press release or contact us today.

Browse By Category

News
Bahrain
Kuwait
Omar
Qatar
KSA
UAE

Recent News

Recent Posts
  • UK’s Hunt pledges to boost growth but won’t budge on tax hikes
  • Qatar Airways Up To 25% Off “Thank You Offer” (Book By April 9)
  • As Covid-19 Protocol Continues to Define International Travel from Nigeria – THISDAY Newspapers
  • UK has some concerns over US green subsidy act, Hunt says

Our Newsletter

    Gccwire is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC

    No Result
    View All Result
    • Home
    • News
      • Press Releases
    • Bahrain
    • Kuwait
    • Oman
    • Qatar
    • KSA
    • UAE
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Gccwire is part of GroupWeb Media Network. @2023 GroupWeb Media LLC