Industrial Air Chiller Market – Global Industrial Analysis and Forecast (2023-2029) by Product Type, Application and Region

Industrial Air Chiller Market is expected to reach USD 22.28 billion at a CAGR of 7.3% during the forecast period 2029.

Industrial Air Chiller Market Defination:

A machine that removes heat from a liquid substance via vapor compression or absorption is called an air chiller. Industrial air chiller plays a vital role in the industrial processes as an excess amount of heat is been absorbed by these air chillers which is generated from processing liquids such as oil, water coolant, or glycol. This heat is transferred to the air around these air chiller units. Industrial air chillers are used in a broad range of applications that requires removal of excess heat and this includes welding, metal finishing, brewery, plastic processing, hydroponics, explosion-proof, water jet cutting. Generally water-cooler and air-cooler chillers preferred by the companies.Industrial Air Chiller MarketTo know about the Research Methodology :- Request Free Sample Report

Industrial Air Chiller Market Dynamics:

The increasing demand for industrial air chillers in the food industry and growing consumer demand for the packaged foods & beverages act as the major growth driver for the industrial air chiller market. The growing technological advancements and increasing adoption of automatic industrial chillers by different end users act as the growth driver for industrial air chillers. The growing industrialization and infrastructural development across various countries is expected to fuel the demand for the industrial air chillers. The U.S. has the largest market share in the industrial air chiller in the North America region due to presence of heavy industries like plastic, chemical and petrochemical.

Industrial Air Chiller Market Segment Analysis:

Closed-loop chillers are recirculating systems that employ the use of coolant fluid in a closed-loop setup to exchange heat from various industrial and commercial processes. The coolant is chilled in a coolant tank and repeatedly passed through a heat load where it absorbs heat from industrial processes or equipment. The segment is expected to grow at a CAGR of xx% globally. The heat absorbed from the heat load is then dissipated in an evaporator before returning to the coolant tank for re-cooling and recycling through the closed-loop. Employing a closed-loop water chiller system is not only a financially sound decision but also an environmentally friendly one. Compared to a single pass cooling setup which uses water only once before dumping, a closed-loop water chiller and the cooling tower will recycle water through a closed-loop repeatedly.Industrial Air Chiller MarketDepending on local regulations, the disposal of used water and other effluents from a chiller system may cause companies to spend significant finances on treatment costs. Some municipalities will only allow wastewater to be discharged into environmental water bodies after extensive checks and treatments the cost of which will be borne by the company producing the waste. Further, local authorities may impose stringent taxes on industries producing wastewater. These additional costs can be avoided by simply recirculating coolants and water in a closed-loop system.

Industrial Air Chiller Market Regional Insights

The U.S. is a key market for industrial air chillers in North America, due to high demand for these air chillers in the country and heavy investments across industries such as chemical & petrochemical, plastic, and food & beverage. Europe is anticipated to hold the second-largest share of the global industrial air chiller market between 2023 and 2029. The industrial air chiller market in the Asia Pacific is projected to grow at a rapid pace in the forecast period, owing to increasing government initiatives to improve hygiene standards in the work environment.

Industrial Air Chiller Market Report Scope: Inquire before buying

ndustrial Air Chiller Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 13.60 Bn.
Forecast Period 2023 to 2029 CAGR: 7.3% Market Size in 2029: US $ 22.28 Bn.
Segments Covered: by Product Type • Portable Air Cooled Chiller • Stationary Air Cooled Chiller • Closed-loop Air Chiller • Open-loop Air Chiller
by Application • Die Casting • Chemicals • Pharmaceuticals • Food & Beverages • Rubber • Plastic • Medical & Pharmaceuticals • Oil & Gas • Others

Industrial Air Chiller Market, by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Industrial Air Chiller Market Key Players are:

• Carrier Corporation • Daikin Industries, Ltd. • Ingersoll Rand Inc. • Johnson Controls International plc • Mitsubishi Electric Corporation • Airedale Cooling Services Ltd. • Blue Star Limited • Fujitsu General Limited • Haier Group Corporation • Midea Group • Panasonic • SAMSUNG • Smartdt Chiller Group • Thermax Inc. Frequently Asked Questions: 1. Which region has the largest share in Global Industrial Air Chiller Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Industrial Air Chiller Market? Ans: The Global Industrial Air Chiller Market is growing at a CAGR of 7.3% during forecasting period 2023-2029. 3. What is scope of the Global Industrial Air Chiller Market report? Ans: Global Industrial Air Chiller Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Industrial Air Chiller Market? Ans: The important key players in the Global Industrial Air Chiller Market are – Carrier Corporation, Daikin Industries, Ltd., Ingersoll Rand Inc., Johnson Controls International plc, Mitsubishi Electric Corporation, Airedale Cooling Services Ltd., Blue Star Limited, Fujitsu General Limited, Haier Group Corporation, Midea Group, Panasonic, SAMSUNG, Smartdt Chiller Group, Thermax Inc. 5. What is the study period of this Market? Ans: The Global Industrial Air Chiller Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Industrial Air Chiller Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Industrial Air Chiller Market 3.4. Geographical Snapshot of the Industrial Air Chiller Market, By Manufacturer share 4. Global Industrial Air Chiller Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Industrial Air Chiller Market 5. Supply Side and Demand Side Indicators 6. Global Industrial Air Chiller Market Analysis and Forecast, 2022-2029 6.1. Global Industrial Air Chiller Market Size & Y-o-Y Growth Analysis. 7. Global Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.1.1. Portable Air Cooled Chiller 7.1.2. Stationary Air Cooled Chiller 7.1.3. Closed-loop Air Chiller 7.1.4. Open-loop Air Chiller 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Die Casting 7.2.2. Chemicals 7.2.3. Pharmaceuticals 7.2.4. Food & Beverages 7.2.5. Rubber 7.2.6. Plastic 7.2.7. Medical & Pharmaceuticals 7.2.8. Oil & Gas 7.2.9. Others 8. Global Industrial Air Chiller Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 9.1.1. Portable Air Cooled Chiller 9.1.2. Stationary Air Cooled Chiller 9.1.3. Closed-loop Air Chiller 9.1.4. Open-loop Air Chiller 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Die Casting 9.2.2. Chemicals 9.2.3. Pharmaceuticals 9.2.4. Food & Beverages 9.2.5. Rubber 9.2.6. Plastic 9.2.7. Medical & Pharmaceuticals 9.2.8. Oil & Gas 9.2.9. Others 10. North America Industrial Air Chiller Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Industrial Air Chiller Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Industrial Air Chiller Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Industrial Air Chiller Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Industrial Air Chiller Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Industrial Air Chiller Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Industrial Air Chiller Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Carrier Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Daikin Industries, Ltd. 45.3.3. Ingersoll Rand Inc. 45.3.4. Johnson Controls International plc 45.3.5. Mitsubishi Electric Corporation 45.3.6. Airedale Cooling Services Ltd. 45.3.7. Blue Star Limited 45.3.8. Fujitsu General Limited 45.3.9. Haier Group Corporation 45.3.10. Midea Group 45.3.11. Panasonic 45.3.12. SAMSUNG 45.3.13. Smartdt Chiller Group 45.3.14. Thermax Inc 45.3.15. Other Key Players 46. Primary Key Insights
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