As per the latest market research study by Technavio, the global HVAC chillers market is likely to grow at a CAGR of close to 3% during the period 2017 to 2021.
This report by Technavio delivers an exhaustive analysis of the global HVAC chillers market regarding revenue and emerging market trends. The report contains an up-to-date breakdown and forecasts for several market sections and all geographical regions.
Technavio research analysts categorize the market based on the product type
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Global HVAC chillers market by screw chillers segment: The screw compressors contain a pair of helical rotors, which are mounted on rolling element bearings and the pair of ball bearings and roller bearings are used on the drive side and non-drive side of the system. The sound emission of these chillers is minimal, which is resulting in their popularity in the global market. Moreover, these systems have a low fear of refrigerant leak because of low vibration and offer a high output for its reduced size. Such features of screw chillers will augment the growth of these chillers in the global market.
“These systems consist of a pair of rotor lobes that rotates into the other set of rotor flutes. The air is pulled in through the suction filter and trapped in the interlobar spaces and then compressed until the lobe-flutes reach the outlet port. This mechanism gives intensive cooling during the compression process, resulting in a higher demand for these products in the market,” says Anju Ajaykumar, a lead analyst at Technavio for research on unit operations.
Global HVAC chillers market by scroll chillers segment: The extensive use of scroll chillers for systems that require oil free and the clean compressed air will drive the growth of this market segment. These chillers are the cheapest in the market, and they also fit in multiple applications. Scroll chillers have very high application in the transportation and hospital sector. The increasing commercialization is leading to the expansion of the tourism industry, which will result in increased transportation services and will have a positive impact on the scroll chillers market.
Global HVAC chillers market by centrifugal chillers segment: The vendors in the centrifugal chillers market segment are expanding their business to the APAC and EMEA region by launching innovative products in the market. Such development will propel the growth of this market segment during the forecast period. In 2015, a leading vendor, Mitsubishi developed a new series of centrifugal chillers that have a low global warming potential in Japan.
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The key retailers functional in the global HVAC chillers market are:
- Daikin Industries
- Johnson Controls
- Carrier
- Ingersoll-Rand
The other prominent players in the market include BluChill, Danfoss, Drake Refrigeration, Hitachi Appliances, Kirloskar, LG Electronics, Mitsubishi Heavy Industries, Voltas, World Energy Absorption, and Yazaki Energy Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global HVAC Chillers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global HVAC Control Systems Market 2017-2021
- Global Commercial HVAC Market 2016-2020
- Global Air Conditioning Market 2016-2020
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