The report of Global Process Chillers Market by Cooling (Air-Cooled, Water-Cooled), Capacity (Upto 20 Tons, 20-150 Tons, 150-300 Tons, above 300 Tons), Compressor (Positive Displacement, Centrifugal), End-Use (Plastics, Food & Beverages, Pharmaceuticals, Printing, Chemicals, Energy, Engineering & Mechanical, Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn. by 2027, at a CAGR of 6.45 % during a forecast period.
The major factors responsible for the growth of the process chillers market are such as increasing concern over energy efficiency, rise in cooling process applications, developing industrialization, growing use of environment-friendly products, progress in the manufacturing industries, mergers & acquisitions, and partnerships among key players in the global process chillers market etc. However, high maintenance and installation cost could hinder the growth of the process chillers market globally.
By cooling, the water-cooled segment is expected to grow at the highest CAGR of XX.87% and is expected to reach a value of US$ XX Mn. by 2027. Cooling towers used in water-cooled process chillers are compact, and it provides higher cooling productivity for end use products.
Asia Pacific process chillers market was valued at US$ XX million in 2019 and is expected to reach a value of US$ XX million by 2027, with a CAGR of XX.12% during the forecast period. Growing demand for industrial cooling in APAC is expected to fuel the growth in the market. The price for process chillers differs a lot across the world, conversely in Asian economies like China, India it appears to be a bit low owing to the presence of small players in the region.
Key players operating in the Global Process Chillers Market are Motivair Corporation, Drake Refrigeration Inc, Thermal Care Inc, Airedale Air Conditioning, ICS Cool Energy Limited, Filtrine Manufacturing Company, Legacy Chiller Systems Inc, Cooling Technology, Inc, General Air Products, Inc., Carrier Global Corporation, DAIKIN INDUSTRIES, Ltd., Danfoss, Dimplex Thermal Solutions, Johnson Controls International plc, Motivair Corporation, Parker-Hannifin Corporation, and Trane Technologies Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Process Chillers Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Process Chillers Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Process Chillers Market positioning of competitors.
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