Industrial Chillers Market Overview
Industrial chillers are essential components in modern industrial operations, offering reliable and consistent cooling for various processes.
An industrial chiller is a specialized water cooling device designed to provide constant temperature, current, and pressure.
The fundamental principle involves circulating chilled water through a closed-loop system, where the internal water tank cools the liquid via the refrigeration cycle.
This chilled water is then pumped into equipment that needs cooling. The heat absorbed is carried back into the chiller, and the cycle repeats, effectively managing heat generated from industrial machinery or processes.
Market Value & Growth Projections
Market Value & Growth Projections:
• Global Market Value (2024): US$ 2205 Million
• Projected Market Value (2031): US$ 2803 Million
• CAGR (2025-2031): 3.6%
Key Market Drivers:
Market Segmentation
By Type
By Application
Water-Cooled Chillers
Absorption Chillers
Others
By Region
Plastics Industry
Metal Processing
Others
North America
Europe
Asia-Pacific
Middle East & Africa
Key Market Players
Johnson Controls
Trane Technologies
Daikin Industries
Mitsubishi
Electric
Regional Market Analysis
North America
North America holds a 24% share of the global Industrial chillers market, driven by robust industrial infrastructure and strict environmental regulations.
Europe
Europe’s market is growing steadily due to stringent regulations on energy consumption and environmental sustainability.
Japan
Japan accounts for 23% of global production, with leading companies such as Daikin playing a significant role.
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