Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market.
In addition to frozen food, chillers are widely used in the plastics manufacturing. They are largely used in rapidly cooling hot plastics that are injected, extruded, stamped or blown. This is in sync with the plastic industry, which has witnessed renascent growth since the past years, particularly plastics gaining high traction in the FMCG sector. Rising proliferation of chillers in the growing plastics industry has had a profound impact on sales of chillers, in turn aiding the growth of their market worldwide.
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Pervasiveness of chillers across various end use applications coupled with rising advancements in technology have led to the development of IoT (Internet of Things) based chillers. For instance, Pro Chiller Systems have developed new IoT powered chillers that enable data visualizations via customized dashboard. IoT powered chillers can facilitate efficient monitoring and control for various industrial applications, making them a trending novelty in the chillers market.
The major concerning factors for the end-use industries are energy and operational cost minimization, the maintenance cost of equipment and, to increase the product lifespan. This factors are anticipated to be achieved with the increasing research and development in upgrading energy-efficient solutions, introducing sustainable technologies and, adopting advanced cooling systems, which is a trend, observed in the market.
Global Chillers Market: Segmentation
On the basis of Compressor Type, the Chillers market can be segmented into:
Screw chiller
Centrifugal chiller
Scroll chiller
Reciprocating chiller
Absorption chiller
On the basis of Capacity, the Chillers market can be segmented into:
<100 kW
100 kW to 350 kW
350 kW to 700 kW
>700 kW
On the basis of Heat Rejection Method, the Chillers market can be segmented into:
Air cooled
Water cooled
Absorption
On the basis of Refrigerant Type, the Chillers market can be segmented into:
R22
R407C
R134A
R410A
Others
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On the basis of End-user, the Chillers market can be segmented into:
Rubber industry
Food and beverage industry
Plastic industry
Medical and pharmaceutical industry
Chemicals and petrochemicals industry
Others
Global Chillers Market: Market Participants
Examples of some of the market participants in the global Chillers market are
Daikin Industries
Johnson Controls
Trane Inc.
Carrier Corporation
Thermax Limited
GEA Group
Broad Group
Dunham Group
Smartd Chiller Group Inc.
Thermal care Inc.
SKM Air Conditioning
Others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.