Industrial Chillers Market Growth by End-user, Type, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023

Pages: 163

SKU: IRTNTR75082

Snapshot

Industrial Chillers Market Forecast 2023-2027

The Industrial Chillers Market size is estimated to grow by USD 1.23 billion at a CAGR of 4.35% between 2022 and 2027. The growth of the market depends on several factors such as the growing adoption of district heating and cooling infrastructure, stringent regulations on refrigerant use, and the growing use of industrial chillers across various industries.

The report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Industrial Chillers Market During the Forecast Period?

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Technavio’s Exclusive Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies

Global Market Customer Landscape

Market Dynamics

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

The growing adoption of district heating and cooling infrastructure is the key factor driving the market growth. A district cooling system is an economical option compared to running compressors for refrigeration, which require more energy. The system requires a central refrigeration plant, pumping stations, and a piping network. District cooling replaces traditional air cooling because it offers many advantages, such as energy savings, less environmental impact, and less maintenance requirements. They are often used in district cooling systems that can process and cool large volumes of water. Operating these large systems can result in significant power savings.

District cooling systems are highly adopted in many developed countries such as the United States, Canada, Japan, and European countries to reduce power consumption and environmental impact in large cities and high-density industries. Some Middle Eastern countries with hot climatic conditions, such as the UAE, Qatar, and Kuwait, use this technology because the energy consumption for cooling is very high. In developing countries, district cooling systems are relatively new as these systems are mostly used in industrial parks. The development of smart cities and the increasing urban population in these regions could lead to higher adoption of these systems. The global market is expected to grow during the forecast period owing to the increasing adoption of district heating and cooling infrastructure.

Significant Trends

The advent of smart connected chillers will fuel the market growth. Growing need to improve reliability and performance, minimize equipment downtime, and reduce overall maintenance costs for chillers used in HVAC and R applications. This drives manufacturers to implement sensors and connectivity technologies into chillers. The advent of intelligently connected chillers is revolutionizing the way chillers are serviced and maintained. These chillers can be accessed and controlled remotely through a local network or internet cloud.

Intelligently connected chillers stream data directly from the device to the cloud for further use by technicians for advanced analytics and remote monitoring. With the advent of intelligently connected chillers, machine operators can predict when a chiller will fail or operate below peak capacity. This enables operators to perform early or predictive maintenance, promising fewer disruptions, less downtime, and longer equipment life. Some of the key features of smart connected chillers are critical alarm systems, cloud data storage, and remote monitoring and diagnostics functionality.

Major Challenge

The high capital and maintenance costs can majorly impede the growth of the market. Various industries are focusing on improving the energy efficiency of their facilities, reducing energy costs, and reducing emissions, which is expected to create significant opportunities for the growth of the global market. However, high acquisition and maintenance costs are major challenges that may hinder market growth during the forecast period. Most energy-efficient HVAC and R technologies are significantly more expensive than their traditional counterparts. These offer significant energy savings but can significantly lengthen the break-even point of your return on investment.

The high cost of these can be a major challenge for budget-conscious customers, especially in emerging markets. Most industries and trading companies in developing countries such as India and China are very price-sensitive. Therefore, they are more concerned about initial acquisition costs. Annual maintenance costs are 20% to 35% higher than traditional chillers and can add up to a significant amount over the years. Therefore, the relatively high cost of industrial chillers is one of the main reasons expected to affect the market growth during the forecast period.

Who are the Major Industrial Chillers Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ait Deutschland GmbH: The company is involved in producing and developing energy-efficient chiller solutions for different industrial applications. It also offers that have optimal efficiency.

Carrier Global Corp: The company offers different value-added features such as rotary scroll compression and a quiet AeroAcoustic fan system.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

The report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the companies. The analysis classifies companies into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business, which can help a client make the best decision.

Market Segmentation by End-user, Type, and Geography

End-user Analysis

The chemical and petrochemical industries segment will contribute a major share of the market, as these industries will be the major end users of the global market in 2022. The chemical and petrochemical industries segment showed a gradual increase in market share with USD 1,395.97 million in 2017 and will continue to grow by 2021. They are used in industry to maintain the temperature of process equipment or to cool chemicals and petrochemicals that need to be kept cold. Industries such as chemicals and petrochemicals are some of the major industrial consumers. These chillers can be directly integrated into the process and use the waste heat generated by the device. For example, heat from flue gas, wastewater, reflux condensers, intermediate compressor stages, and expander systems can be used to operate chillers. Such integration allows industrial customers to reduce fuel consumption and minimize the amount of heat released into the environment. Therefore, increasing investment in the above industries will directly affect the demand.

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Industrial chillers are widely used in these industries to cool process chemicals and petrochemicals. Therefore, increasing investment in the oil and gas industry, such as petrochemical capacity expansion and new drilling activities, will be a key factor driving the growth of the global industrial chiller market. Such factors are anticipated to drive the growth of the chemical and petrochemical industry in the global market during the forecast period.

Type Analysis

The economizer segment is leading when it comes to the type of industrial chillers used widely. Increasing investment in data centre construction will drive the market growth of this segment over the forecast period. The growth rate is expected to stabilize from 2022 onwards, as almost all data centres in countries with suitable climate conditions will be integrated into the use of free cooling technology. For example, on March 8, 2023, Vertiv Corp installed cold water thermal walls in Europe and its MEA slab floor data centres. Slab-floor data center design allows new empty space to be built faster and at a lower cost. As economizers are a cost-effective data centre cooling solution, increasing demand for data centers is expected to boost the demand for economizers during the forecast period. Such factors are anticipated to drive the growth of the global market during the forecast period.

Regional Analysis

APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.

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Asia Pacific is the largest market due to huge demand from China, Japan, India, and some countries in Southeast Asia. Factors such as rapid population growth, increasing industrialization, increasing urbanization, and increasing number of major trading companies are driving the growth of the market in the region. Growth in commercial and residential construction is a major driver of demand for medium to heavy-duty heating, ventilation, air conditioning, and refrigeration (HVAC & R) equipment in the region, and is also driving growth in the market. Adoption of green building initiatives in some countries such as China and India will be another factor boosting the demand in APAC during the forecast period.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

End-user Outlook (USD Million, 2017 - 2027)
- Chemical and petrochemical
- Plastics
- Food and beverage
- Pharmaceuticals and biotechnology
- Others

Type Outlook (USD Million, 2017 - 2027)
- Water chillers
- Air chillers

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The Market is influenced by factors such as valuation and per capita income, driving demand for cooling solutions like air conditioners and refrigerators across industries. In the healthcare and food sectors, chillers play a crucial role in maintaining temperature-sensitive products such as frozen food and pharmaceuticals.

Companies like Carrier and Daikin offer innovative solutions like the AquaForce Vision 30KAV air-cooled chillers and inverter-driven water-cooled and air-cooled screw chiller series to meet the diverse needs of industries. The market also caters to the data center and construction sectors, emphasizing the importance of temperature control in various applications. With growing concerns about global warming, industries are adopting more energy-efficient and environmentally friendly solutions. Manufacturers like Modine Manufacturing Company and M&M Carnot Refrigeration offer low-charge packaged ammonia/NH3 (R717) chiller series to address these needs, ensuring sustainable cooling solutions for the future. The Market also serves diverse sectors like the healthcare, food, pharmaceutical, and data center industries, providing crucial process cooling solutions. It also supports construction activities, offering industrial refrigeration systems for various applications. In the food and beverage segment, breweries and wineries rely on glycol chillers for efficient temperature control.

Industrial Chillers Market Scope
Report Coverage	Details
Page number	163
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.35%
Market growth 2023-2027	USD 1230.32 million
Market structure	Fragmented
YoY growth 2022-2023(%)	3.84
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 45%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	ait deutschland GmbH, Carrier Global Corp., Daikin Industries Ltd., Drake Refrigeration Inc., FRIGEL FIRENZE S.p.A., Friulair S.r.l., General Air Products, Johnson Controls International Plc., LG Corp., Mitsubishi Electric Corp., MTA S.p.A., Paul Mueller Co. Inc., PolyScience, Raytheon Technologies Corp., Reynold India Pvt. Ltd., Senho Machinery Shenzhen Co. Ltd., Sentry Equipment Corp., Smardt Chiller Group Inc., Trane Technologies Plc, and HYDAC Technology Corp.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global industrial chillers market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global industrial chillers market 2017 - 2021 ($ million)

4.2 By End-user Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – By End-user Segment 2017 - 2021 ($ million)

4.3 By End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – By End-user Segment 2017 - 2021 ($ million)

4.4 By Type Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – By Type Segment 2017 - 2021 ($ million)

4.5 Geography Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.6 Country Segment Analysis 2017 - 2021
- Exhibit 23: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 24: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 25: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 26: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 27: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 28: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 29: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 30: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 31: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 32: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user
- Exhibit 33: Chart on Comparison by End-user
- Exhibit 34: Data Table on Comparison by End-user

6.3 Chemical and petrochemical - Market size and forecast 2022-2027
- Exhibit 35: Chart on Chemical and petrochemical - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on Chemical and petrochemical - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on Chemical and petrochemical - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on Chemical and petrochemical - Year-over-year growth 2022-2027 (%)

6.4 Plastics - Market size and forecast 2022-2027
- Exhibit 39: Chart on Plastics - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Data Table on Plastics - Market size and forecast 2022-2027 ($ million)
- Exhibit 41: Chart on Plastics - Year-over-year growth 2022-2027 (%)
- Exhibit 42: Data Table on Plastics - Year-over-year growth 2022-2027 (%)

6.5 Food and beverage - Market size and forecast 2022-2027
- Exhibit 43: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
- Exhibit 45: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)

6.6 Pharmaceuticals and biotechnology - Market size and forecast 2022-2027
- Exhibit 47: Chart on Pharmaceuticals and biotechnology - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Pharmaceuticals and biotechnology - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Pharmaceuticals and biotechnology - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Pharmaceuticals and biotechnology - Year-over-year growth 2022-2027 (%)

6.7 Others - Market size and forecast 2022-2027
- Exhibit 51: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by End-user
- Exhibit 55: Market opportunity by End-user ($ million)
- Exhibit 56: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 57: Chart on Type - Market share 2022-2027 (%)
- Exhibit 58: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type
- Exhibit 59: Chart on Comparison by Type
- Exhibit 60: Data Table on Comparison by Type

7.3 Water chillers - Market size and forecast 2022-2027
- Exhibit 61: Chart on Water chillers - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Data Table on Water chillers - Market size and forecast 2022-2027 ($ million)
- Exhibit 63: Chart on Water chillers - Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on Water chillers - Year-over-year growth 2022-2027 (%)

7.4 Air chillers - Market size and forecast 2022-2027
- Exhibit 65: Chart on Air chillers - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on Air chillers - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on Air chillers - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Air chillers - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type
- Exhibit 69: Market opportunity by Type ($ million)
- Exhibit 70: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 72: Chart on Market share by geography 2022-2027 (%)
- Exhibit 73: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 74: Chart on Geographic comparison
- Exhibit 75: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 76: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 79: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 80: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 83: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 84: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 87: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 88: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 91: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 92: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 95: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 96: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 99: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 100: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 103: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027
- Exhibit 104: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 107: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027
- Exhibit 108: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 111: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027
- Exhibit 112: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 114: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 115: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 116: Market opportunity by geography ($ million)
- Exhibit 117: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 118: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 120: Overview on factors of disruption

11.4 Industry risks
- Exhibit 121: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 122: Vendors covered

12.2 Market positioning of vendors
- Exhibit 123: Matrix on vendor position and classification

12.3 ait deutschland GmbH
- Exhibit 124: ait deutschland GmbH - Overview
- Exhibit 125: ait deutschland GmbH - Product / Service
- Exhibit 126: ait deutschland GmbH - Key offerings

12.4 Carrier Global Corp.
- Exhibit 127: Carrier Global Corp. - Overview
- Exhibit 128: Carrier Global Corp. - Business segments
- Exhibit 129: Carrier Global Corp. - Key news
- Exhibit 130: Carrier Global Corp. - Key offerings
- Exhibit 131: Carrier Global Corp. - Segment focus

12.5 Daikin Industries Ltd.
- Exhibit 132: Daikin Industries Ltd. - Overview
- Exhibit 133: Daikin Industries Ltd. - Business segments
- Exhibit 134: Daikin Industries Ltd. - Key news
- Exhibit 135: Daikin Industries Ltd. - Key offerings
- Exhibit 136: Daikin Industries Ltd. - Segment focus

12.6 Drake Refrigeration Inc.
- Exhibit 137: Drake Refrigeration Inc. - Overview
- Exhibit 138: Drake Refrigeration Inc. - Product / Service
- Exhibit 139: Drake Refrigeration Inc. - Key offerings

12.7 HYDAC Technology Corp.
- Exhibit 140: HYDAC Technology Corp. - Overview
- Exhibit 141: HYDAC Technology Corp. - Product / Service
- Exhibit 142: HYDAC Technology Corp. - Key offerings

12.8 Johnson Controls International Plc.
- Exhibit 143: Johnson Controls International Plc. - Overview
- Exhibit 144: Johnson Controls International Plc. - Business segments
- Exhibit 145: Johnson Controls International Plc. - Key news
- Exhibit 146: Johnson Controls International Plc. - Key offerings
- Exhibit 147: Johnson Controls International Plc. - Segment focus

12.9 LG Corp.
- Exhibit 148: LG Corp. - Overview
- Exhibit 149: LG Corp. - Business segments
- Exhibit 150: LG Corp. - Key offerings
- Exhibit 151: LG Corp. - Segment focus

12.10 Mitsubishi Electric Corp.
- Exhibit 152: Mitsubishi Electric Corp. - Overview
- Exhibit 153: Mitsubishi Electric Corp. - Business segments
- Exhibit 154: Mitsubishi Electric Corp. - Key news
- Exhibit 155: Mitsubishi Electric Corp. - Key offerings
- Exhibit 156: Mitsubishi Electric Corp. - Segment focus

12.11 MTA S.p.A.
- Exhibit 157: MTA S.p.A. - Overview
- Exhibit 158: MTA S.p.A. - Product / Service
- Exhibit 159: MTA S.p.A. - Key offerings

12.12 Paul Mueller Co. Inc.
- Exhibit 160: Paul Mueller Co. Inc. - Overview
- Exhibit 161: Paul Mueller Co. Inc. - Business segments
- Exhibit 162: Paul Mueller Co. Inc. - Key offerings
- Exhibit 163: Paul Mueller Co. Inc. - Segment focus

12.13 Raytheon Technologies Corp.
- Exhibit 164: Raytheon Technologies Corp. - Overview
- Exhibit 165: Raytheon Technologies Corp. - Business segments
- Exhibit 166: Raytheon Technologies Corp. - Key news
- Exhibit 167: Raytheon Technologies Corp. - Key offerings
- Exhibit 168: Raytheon Technologies Corp. - Segment focus

12.14 Reynold India Pvt. Ltd.
- Exhibit 169: Reynold India Pvt. Ltd. - Overview
- Exhibit 170: Reynold India Pvt. Ltd. - Product / Service
- Exhibit 171: Reynold India Pvt. Ltd. - Key offerings

12.15 Senho Machinery Shenzhen Co. Ltd.
- Exhibit 172: Senho Machinery Shenzhen Co. Ltd. - Overview
- Exhibit 173: Senho Machinery Shenzhen Co. Ltd. - Product / Service
- Exhibit 174: Senho Machinery Shenzhen Co. Ltd. - Key offerings

12.16 Smardt Chiller Group Inc.
- Exhibit 175: Smardt Chiller Group Inc. - Overview
- Exhibit 176: Smardt Chiller Group Inc. - Product / Service
- Exhibit 177: Smardt Chiller Group Inc. - Key offerings

12.17 Trane Technologies Plc
- Exhibit 178: Trane Technologies Plc - Overview
- Exhibit 179: Trane Technologies Plc - Business segments
- Exhibit 180: Trane Technologies Plc - Key news
- Exhibit 181: Trane Technologies Plc - Key offerings
- Exhibit 182: Trane Technologies Plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 183: Inclusions checklist
- Exhibit 184: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 185: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 186: Research methodology
- Exhibit 187: Validation techniques employed for market sizing
- Exhibit 188: Information sources

13.5 List of abbreviations
- Exhibit 189: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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