Los Angeles, CA -- (SBWIRE) -- 12/18/2018 -- This report studies the HVAC Chillers market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Heating, ventilation, and air conditioning (HVAC) chillers are equipment used to cool a building or an equipment. HVAC is an assembly of various types of equipment installed together to provide heating and cooling. It is also used in different industries to keep the machinery running by maintaining the temperature of the place where machines are installed.
One of the primary drivers for this market is the growing demand for district cooling. District cooling is replacing the traditional air cooling methods because of increased advantages like energy-saving, low environmental damage, and reduced maintenance needs. Furthermore, the increasing tourism market in nations of MEA and Asia has enhanced the construction of hotels and public infrastructure, which make extensive use of district cooling. HVAC chillers are one of the major facilities of district cooling. Also, the demand for airports, sports complexes, religious sites, and public infrastructure in the Southeast Asian countries will augment growth in the global HVAC chillers market during the forecast period.
APAC dominates the HVAC chillers market over the forecast period. The increasing data centers, hotels, and office spaces are significantly promoting the growth of the HVAC chiller market in the region. Further, hospitals also make use of HVAC chillers for ventilation. Thus, growing healthcare concerns in APAC and increased accessibility to finance and insurance will boost market growth in APAC.
The global HVAC Chillers market was 8800 million US$ in 2017 and is expected to 11100 million US$ by the end of 2025, growing at a CAGR of 3.0% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of HVAC Chillers in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
DAIKIN INDUSTRIES
Ingersoll Rand (Trane)
Johnson Controls
LG Electronics
Mitsubishi Electric
United Technologies (Carrier)
By the product type, the market is primarily split into
Screw Chillers
Scroll Chillers
Centrifugal Chillers
Others
By the end users/application, this report covers the following segments
Industrial
Commercial
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