+1-518-621-2074 | US-Canada Toll Free Contact Us

Global Chillers Market to Witness Healthy Growth on Account of Increased Participation of New Players

about us

Published on : Jul 25, 2016

Chillers are widely used as refrigeration devices to cool raw materials, food and beverages, and equipment. The wide application areas of chillers have contributed significantly towards the growth of the global market for chillers. The growing demand for chillers in diverse industries can be attributed to its low environmental impact, efficiency, and durability. In addition, the surge in demand for chillers especially from food and beverages and chemicals industries is projected to bolster the growth of the overall market in the next few years.

Some of the key types of chillers in the global market are mentioned as below:

  • Reciprocating Chillers
  • Scroll Chillers
  • Centrifugal Chillers
  • Screw Chillers
  • Absorption Chillers

In the last few years, the global market for chillers has gained immense popularity, owing to which the overall market is expected to grow at a fast pace in the near future. Some of the key applications of chillers are plastics, rubber, food and beverage, chemicals, medical, and petrochemical industries. The growing need for cooling equipment across several industrial units is estimated to drive the global market for chillers in the next few years. In addition, the rising demand for frozen food in order to cut down on the cooking time is another factor estimated to augment the growth of the global chillers market in the coming years.

Mexico, India, Brazil, Thailand, Indonesia, China, Argentina, and South Korea are some of the key countries that are estimated to contribute extensively towards the growth of the global chillers market in the near future. The rigid rules and regulations by different government across the globe regarding the use of chillers to ensure product safety is further encouraging the growth of the overall market.

The rising demand for chillers across the globe has encourages the entry of new players in the next few years. These players are making efforts to introduce new and innovative products in order to expand their consumer base and create a niche for themselves in the next few years. Some of the leading players active in the global chillers market are Smardt Chiller Group, Johnson Controls, Climaveneta S.p.A., Carrier Corporation, Daikin Industries, Thermax Inc., and Trane Inc.