The HVAC chillers market size has the potential to grow by USD 2.62 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.96%.
This report provides a detailed analysis of the market by product (screw chillers, scroll chillers, centrifugal chillers, and other chillers), geography (APAC, Europe, North America, South America, and MEA), end-user (industrial sector and commercial sector), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AB Electrolux
- Daikin Industries Ltd.
- Honeywell International Inc.
- Johnson Controls International Plc
- LG Electronics Inc.
- Mitsubishi Electric Corp.
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Siemens AG
- Trane Technologies Plc
The HVAC chillers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as growing demand for absorption chillers across the industrial sector to achieve growth opportunities. However, factors such as intensified market competition will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the HVAC chillers market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This HVAC chillers market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
HVAC Chillers Market: Key Drivers and Trends
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HVAC Chillers Market: Segmentation by Geography
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53% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for HVAC chillers in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.
The availability of labor and abundant resources is one of the prime factors that will facilitate the HVAC chillers market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
HVAC Chillers Market: Segmentation by Product
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The screw chillers segment is expected to lead the HVAC chiller plant market in the forthcoming years due to the rising adoption of screw chillers in comparison to scroll chillers and centrifugal chillers. Therefore, the growth of the market segment is expected to be significant during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the HVAC chillers market size.
HVAC Chillers Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive HVAC chillers market growth during the next five years
- Precise estimation of the HVAC chillers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the HVAC chillers industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of HVAC chillers market vendors
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