Seattle, WA -- (SBWIRE) -- 11/14/2016 -- The report "Chillers Market by Type (Screw, Scroll, Centrifugal, Absorption, and Reciprocating), by End-Use Industry (Plastics, Chemicals & Petrochemicals, Medical & Pharmaceutical, Rubber, Food & Beverage, and Others), and by Region - Global Forecast to 2021", The market size of chillers is estimated to grow from USD 8.63 Billion in 2015 to USD 10.84 Billion by 2021, at a CAGR of 4.24%.

Browse 79 market data tables with 73 figures spread through 168 pages and in-depth TOC on "Chillers Market - Global Forecast to 2021"
http://www.marketsandmarkets.com/Market-Reports/chiller-market-149638848.html

Early buyers will receive 10% customization on this report.

The market is driven by the surging need for energy and high investments in chemicals & petrochemicals industries. Among the regions considered, Asia-Pacific and the Middle East & Africa are estimated to witness high growth during the forecast period. Also, the demand across these regions is reinforced by the emerging markets, namely, China and India.

Asia-Pacific: the Largest Market for Chillers

Asia-Pacific is currently the largest market for chillers. The U.S. is the largest market for chillers in the North American region.

Forces driving the market for chillers in North America are:

Major manufacturers of chillers in the region
Growing oil & gas explorations in the region
Growing end-use industries such as chemicals & petrochemicals and medical & pharmaceutical in major countries such as the U.S. and Canada.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=149638848

Plastics: The Largest End-use Industry of the Chillers Market

Chillers are used in various end-use industries such as chemicals & petrochemicals, plastics, medical & pharmaceutical, food & beverages, rubber, and others. These are the main end-use industries considered in the report. The plastics end-use industry segment was estimated to account for the largest market share, in terms of value, followed by chemicals & petrochemicals, food & beverages, medical & pharmaceutical, and rubber industries, in 2016. The chemicals & petrochemicals industry is estimated to grow at the highest CAGR between 2016 and 2021 in terms of value among all the industries considered.

The key players in the chillers market are Daikin Industries Ltd. (Japan), Johnson Controls (U.S.), Trane Inc. (Ireland), Carrier Corporation (U.S.), Smardt Chiller Group (Canada), Thermax Inc. (India), Climaveneta S.p.A. (Italy), and other local players.

Enquire Before Buying of this Report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=149638848

This report covers the chillers market, in terms of value, and forecasts its market size till 2021. The report includes the market segmentation by type - screw, scroll, centrifugal, absorption, and reciprocating; by end-use industry – chemicals & petrochemicals, food & beverages, medical & pharmaceutical, plastics, and rubber; and by region – Asia-Pacific, Europe, North America, the Middle East & Africa, and Latin America. Regions are further segmented by key country markets such as China, India, Japan, South Korea, Indonesia, Thailand, Taiwan, the U.S., Canada, Mexico, Germany, the U.K., France, Italy, Russia, Turkey, Italy, Brazil, Saudi Arabia, Qatar, U.A.E., and South Africa. The report also provides company profiles and competitive strategies adopted by the key players in the global chillers market.

Browse Related Reports:

Shell & Tube Heat Exchanger Market by Application (Chemicals, Petrochemicals and Oil & Gas, HVACR, Food & Beverages, Pulp & Paper, Power Generation) and Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/shell-tube-heat-exchangers-market-92257371.html

Cooling Tower Market by Type (Dry, Evaporative, Hybrid), by Design (Natural, Mechanical), by Construction Material (Concrete, Steel, FRP, Others), by Application (Power, HVACR, Food & Beverages, Others), by Region - Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/cooling-towers-market-268219049.html

About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Visit MarketsandMarkets Website: http://www.marketsandmarkets.com