You are currently viewing Global Centrifugal Chillers Market to be Driven by the Rising Use of Centrifugal Chillers in HVAC Systems in the Forecast Period of 2024-2032
Systems for building by Electric driven

Global Centrifugal Chillers Market to be Driven by the Rising Use of Centrifugal Chillers in HVAC Systems in the Forecast Period of 2024-2032

The new report by Expert Market Research titled, The ‘Global Centrifugal Chillers Market Growth, Trends, Analysis, Report and Forecast 2024-2032″, gives an in-depth analysis of the global centrifugal chillers market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/centrifugal-chillers-market/requestsample

The key highlights of the report include:

Market Overview (2018-2032)

• Forecast CAGR (2024-2032): 4.7%

The global market is expected to be driven by the use of centrifugal chillers in HVAC systems. Centrifugal chillers have been quite prominent for cooling capacities over 1000 kW in the HVAC market. Centrifugal chillers are low maintenance, have fewer moving components, and are long-lasting. Centrifugal chillers have a smaller footprint and a higher cooling capacity. Centrifugal chillers are very popular due to these characteristics. They are used for indoor installation or weather protected spaces. Centrifugal chillers are widely used as the building stock in regions that comprise large buildings, such as hotels, commercial buildings, industrial plants, university campuses, airports, and hospitals. Over the forecast period, the requirement for a better price-to-performance ratio is expected to boost the demand for centrifugal chillers in the global market.

Industry Definition and Major Segments

The rotary action of an impeller wheel exerts a radial force on the refrigerant inside a volute in a centrifugal compressor. Centrifugal chillers, unlike reciprocating chillers, are well suited for most applications requiring a significant volume of refrigeration.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/centrifugal-chillers-market

By type, the market is segmented into:

• <500T
• 500-1000T
• 1000-2000T
• >2000T

Based on application, the market is divided into:

• Commercial
• Industrial
• Others

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

Centrifugal chillers supply chilled water for all applications requiring large-scale cooling capability; they are a cost-effective way to cool massive structures. While centrifugal chillers might be costly, they typically have customised configurations and nearly always provide a return on investment over time. The fast-paced urbanisation is one of the key factors fuelling the sales of centrifugal chillers. These factors are aiding the growth of the overall market. Players are investing heavily in R&D, experimenting with various technological integrations to improve the price-to-performance ratio of centrifugal chillers. Oil-free magnetic bearing technology combined with high-efficiency heat exchangers is expected to achieve widespread application in centrifugal chillers in the coming years. Centrifugal chillers are expected to develop significantly throughout the forecast period due to their numerous advantages over other varieties.

Key Market Players

The major players in the market are Johnson Controls International plc, Carrier Global Corporation, Daikin Industries Ltd, Haier Group, and Trane Technologies Company, LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning.
Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact

Company Name: Claight Corporation
Contact Person: Clara Johnson, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 N Gould St Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Also, Check Procurement Intelligence which provides you Infallible research solutions.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.