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 HVAC Chillers market was valued at 8800 Million US$ in 2018 and is projected to reach 11100 Million US$ by 2025, at a CAGR of 3.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVAC Chillers.
This report presents the worldwide HVAC Chillers market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
DAIKIN INDUSTRIES
Ingersoll Rand (Trane)
Johnson Controls
LG Electronics
Mitsubishi Electric
United Technologies (Carrier)
HVAC Chillers Breakdown Data by Type
Screw Chillers
Scroll Chillers
Centrifugal Chillers
Others
HVAC Chillers Breakdown Data by Application
Industrial
Commercial
HVAC Chillers Production by Region
United States
Europe
China
Japan
Other Regions
HVAC Chillers Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global HVAC Chillers status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key HVAC Chillers manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of HVAC Chillers :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of HVAC Chillers market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on HVAC Chillers. Industry analysis & Market Report on HVAC Chillers is a syndicated market report, published as Global HVAC Chillers Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of HVAC Chillers market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.