Industrial Air Chiller Market To Hit $7.3 Billion by 2031, according to the Latest Report Published by Allied Market Research
The industrial air chiller market witnessed significant growth in the past decade, owing to rise in manufacturing facilities in developed and developing nations and increase in demand from the energy sector. A number of players in the industrial air chiller industry are expanding their business and launching new products to strengthen their foothold in the global market. By type, the screw driven segment dominated the industrial air chiller market in 2021, in terms of revenue. This is attributed to rise in small and medium scale industries. Depending on end user, the pharmaceutical segment is expected to grow at a higher CAGR during the forecast period, owing to improving economic conditions and rise global trade of food and beverages products
industrial air chiller market size was valued at $4.7 billion in 2021, and is estimated to reach $7.3 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. stated the report published by Allied Market Research. The report offers a detailed analysis of the industrial air chiller market including major growth factors, constraints, challenges, and opportunities. Moreover, the report includes a study of key market players and top investment pockets that are currently operating in the industry. The report includes a study of recent market strategies performed by market players to help stakeholders, new market entrants, and shareholders to devise lucrative business strategies.
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The industrial air chiller market report offers a detailed analysis of major strategies adopted by market players to maintain their foothold in the industry. The report outlines the quantitative and qualitative analysis of historic and forecast periods along with research on recent market developments and business strategies. Furthermore, the research offers a summary of the market, ongoing market trends, and future estimations to help leverage market opportunities and formulate profitable business strategies. The report covers an overview of the market coupled with a SWOT analysis of major market players and Porter’s Five analysis, which is essential to gain competitive intelligence.
The report offers downstream customer surveys, upstream raw materials, industry development trends, and marketing channels. This study provides comprehensive information about raw materials suppliers, major manufacturing equipment suppliers, major distributors, and major customers.
Key segmentation:
The industrial air chiller market report covers the segmentation of the industrial air chiller market on the basis of type, application, end users, and geography. The report offers an in-depth study of every segment, which helps market players and stakeholders to understand the fastest growing segments and highest grossing segments in the market.
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The industrial air chillerX market is studied on the basis of geographical penetration coupled with a study of market performance in every region including across several regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
The industrial air chiller market report involves a detailed overview of the market and SWOT analysis of the prime industry players which includes a business overview, financial analysis, and portfolio analysis of services and products. Furthermore, the report covers include the latest market developments including market expansion, joint ventures, and product launches for stakeholders to know the long-term profitability of the industry.
Covid-19 impact analysis on the industrial air chiller market:
The Covid-19 pandemic hit almost all sectors across the globe. The government restrictions and guidelines issued by World Health Organization (WHO) have temporarily suspended the manufacturing facilities. In addition, the prolonged lockdown across several countries led to disruption of the supply chain and increased raw material prices. Such factors affected the global industrial air chiller market. The report offers an in-depth analysis of the impact of the Covid-19 outbreak on the market.
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Key market players
The global industrial air chiller market report covers a detailed study of major market players. The competitive analysis of these companies offers a detailed overview and portfolio analysis of services and products. These market players have adopted several strategies including new product launches, partnerships, joint ventures, collaboration, and mergers & acquisitions to maintain their market position.
Key Market Players
- Airedale International Air Conditioning Ltd.
- Blue Star Limited
- Carrier Global Corporation
- daikin industries, ltd.
- GEM Orion Machinery Private Limited
- Hiver Aircon Pvt. Ltd.
- Jiangsu Huazhao Refrigeration Equipment CO., Ltd.
- Johnson Controls International PLC
- Mitsubishi Electric Corporation
- Trane Technologies Company, LLC.
Top of Form
Key Market Segments
- By End User Industry
- Food and Beverage
- Pharmaceutical
- Utility and Power
- Oil and Gas
- Others
- By Type
- Centrifugal Chillers
- Reciprocating Chillers
- Scroll Compressor Chillers
- Screw Driven Chillers
- By Function
- Stationary
- Transport