Water Chiller Market Report: Trends, Forecast and Competitive Analysis to 2030

Water Chiller Trends and Forecast

The future of the global water chiller market looks promising with opportunities in the plastic & rubber, food & beverage, chemical & petrochemical, and pharmaceutical markets. The global water chiller market is expected to grow with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising demand for energy-efficient cooling solutions in water chillers and increasing inclination towards district cooling over traditional method of cooling.

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Water Chiller by Segment

The study includes a forecast for the global water chiller by type, capacity, end use, and region.

Water Chiller Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Scroll
• Screw
• Centrifugal Water Chiller

Water Chiller Market by Capacity [Shipment Analysis by Value from 2018 to 2030]:

• >700
• 351 - 700
• 101 - 350
• 0 - 100

Water Chiller Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Plastic & Rubber
• Food & Beverage
• Chemical & Petrochemical
• Pharmaceuticals
• Others

Water Chiller Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Water Chiller Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies water chiller companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the water chiller companies profiled in this report include-

• Daikin Industries
• Thermax Global
• Trane
• Carrier Corporation
• Toshiba Machines

Water Chiller Market Insights

Lucintel forecasts that centrifugal water chiller is expected to witness highest growth over the forecast period due to its low maintenance and manufacturing cost.

Within this market, plastic & rubber will remain the largest segment due to increasing demand for plastic products across various economies.

APAC is expected to witness highest growth over the forecast period due to growing awareness of energy-efficient products and rising demand for frozen foods in the region.

Features of the Global Water Chiller Market

Market Size Estimates: Water chiller market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Water chiller market size by type, capacity, end use, and region in terms of value ($B).

Regional Analysis: Water chiller market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, capacities, end uses, and regions for the water chiller market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the water chiller market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for water chiller market?

Answer: The global water chiller market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the water chiller market?

Answer: The major drivers for this market are rising demand for energy-efficient cooling solutions in water chillers and increasing inclination towards district cooling over traditional method of cooling.

Q3. What are the major segments for water chiller market?

Answer: The future of the water chiller market looks promising with opportunities in the plastic & rubber, food & beverage, chemical & petrochemical, and pharmaceutical markets.

Q4. Who are the key water chiller market companies?

Answer: Some of the key water chiller companies are as follows.

• Daikin Industries
• Thermax Global
• Trane
• Carrier Corporation
• Toshiba Machines

Q5. Which water chiller market segment will be the largest in future?

Answer: Lucintel forecasts that centrifugal water chiller is expected to witness highest growth over the forecast period due to its low maintenance and manufacturing cost.

Q6. In water chiller market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing awareness of energy-efficient products and rising demand for frozen foods in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the water chiller market by type (scroll, screw, and centrifugal water chiller), capacity (>700, 351 - 700, 101 - 350, and 0 - 100), end use (plastic & rubber, food & beverage, chemical & petrochemical, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?