The Reports and Insights, a leading market research company, has recently releases report titled “Water-Cooled Chillers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Cooled Chillers Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Water-Cooled Chillers?
The global water-cooled chillers market size reached US$ 4.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 5.6 billion in 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.
What are Water-Cooled Chillers Market?
Water-cooled chillers are refrigeration systems utilized to extract heat from liquids by employing water as the cooling agent. These chillers find extensive applications in air conditioning, industrial processes, and large-scale facilities where effective cooling is crucial. The process involves circulating water through a condenser to absorb heat from a refrigerant gas. This gas is subsequently compressed and cooled, generating chilled water for various cooling needs. Known for their efficiency and ability to handle substantial cooling demands, water-cooled chillers are ideal for environments requiring precise temperature regulation and energy conservation.
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What are the growth prospects and trends in the Water-Cooled Chillers Market industry?
The water-cooled chillers market growth is driven by various factors and trends The water-cooled chillers market includes systems that effectively remove heat from liquids using water as a cooling agent. These chillers are vital for applications in air conditioning, industrial processes, and large-scale facilities where efficient cooling is paramount. Growth in the market is fueled by rising demand for energy-efficient cooling solutions, stringent environmental regulations favoring sustainable technologies, and expanding construction and industrial activities. Manufacturers are prioritizing improvements in chiller efficiency, reliability, and environmental sustainability to meet varied customer demands and global regulatory standards. Hence, all these factors contribute to water-cooled chillers market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type:
Centrifugal Chillers
Screw Chillers
Absorption Chillers
Reciprocating Chillers
Scroll Chillers
Capacity
Small Capacity Chillers
Medium Capacity Chillers
Large Capacity Chillers
End-Use Industry
Manufacturing
Commercial Buildings
Data Centers
Healthcare
Hospitality
Others
Application
Air Conditioning
Process Cooling
Compressor Type
Scroll Compressors
Screw Compressors
Centrifugal Compressors
Reciprocating Compressors
Refrigerant Type
Hydrochlorofluorocarbon (HCFC)
Hydrofluorocarbon (HFC)
Ammonia
Others
Power Source
Electric Chillers
Absorption Chillers
Engine-Driven Chillers
Component
Compressors
Condensers
Evaporators
Control Systems
Others
Sales Channel
Direct Sales
Distributor/Wholesaler
Service Type
Installation and Commissioning
Maintenance and Repair
Consulting and Training
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
India
Japan
South Korea
Australia
New Zealand
ASEAN
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa:
Saudi Arabia
United Arab Emirates
South Africa
Egypt
Israel
Rest of MEA.
Who are the key players operating in the industry?
The report covers the major market players including:
- Daikin Industries Ltd.
- Johnson Controls International plc
- Trane Technologies plc
- Carrier Global Corporation
- Mitsubishi Electric Corporation
- York (Johnson Controls)
- LG Electronics Inc.
- Schneider Electric SE
- Climaveneta (Mitsubishi Electric)
- Smardt Chiller Group Inc.
- McQuay International (Daikin)
- Thermax Limited
- Multistack International Limited
- Frigel Firenze S.p.A.
- Broad Air Conditioning Co. Ltd.
Discover more: https://www.reportsandinsights.com/report/Water-Cooled Chillers-market
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