Increase in Demand for Frozen Foods to Propel Industrial Chillers Market at CAGR of 3.80% Between Period 2017-2021

Titled “Global Industrial Chillers Market 2017-2021,” the report sheds light on more factors that could enhance growth in the near future.


Albany, NY -- (SBWIRE) -- 03/16/2018 -- Industrial chillers are systems that cool or dehumidify the air in commercial and industrial facilities. The chillers use either absorption cycle or vapor compression for cooling. There are three types of chillers, namely, air chillers, water chillers, and evaporative condensed chillers. The basic components of chillers through which the refrigerant passes include evaporators, compressors, condensers, and expansion valves.

The global industrial chillers market to grow at a CAGR of 3.80% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global industrial chillers market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

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Technavio's report, Global Industrial Chillers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Daikin Industries
Ingersoll Rand
Johnson Controls
Mitsubishi Electric

Other prominent vendors
Airedale Cooling Services
Blue Star
Fujitsu General
Midea Group
Smardt Chiller Group
Thermax Inc.

Market driver
Increase in demand for frozen foods
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Market challenge
Intense market competition
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Market trend
IoT-enabled chillers
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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