The Reports and Insights, a leading market research company, has recently releases report titled “Water-Cooled Chillers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Cooled Chillers Market Size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Water-Cooled Chillers?

The global water-cooled chillers market size reached US$ 4.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 5.6 billion in 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.

What are Water-Cooled Chillers Market?

Water-cooled chillers are refrigeration systems engineered to extract heat from a process or area by transferring it to water. These chillers employ water as a cooling agent within a closed-loop mechanism, where the water absorbs heat from the target area and circulates through the chiller unit. Here, the heat is transferred to a refrigerant, causing it to undergo a phase change, typically from liquid to gas, and thereby absorbing the heat. The cooled water is then reintroduced into the process or space, completing the cooling cycle. Widely utilized in commercial and industrial settings requiring substantial cooling capacities, water-cooled chillers provide efficient and environmentally friendly cooling solutions compared to air-cooled alternatives.

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What are the growth prospects and trends in the Water-Cooled Chillers Market industry?

The water-cooled chillers market growth is driven by various factors. The water-cooled chillers market is witnessing strong growth, fueled by rising demand across diverse sectors seeking effective cooling solutions. These chillers, employing water as a cooling agent within closed-loop setups, find widespread use in commercial, industrial, and residential settings. Drivers such as urbanization, industrial expansion, and the imperative for energy-efficient cooling systems are propelling market expansion. Furthermore, stringent environmental standards and the emphasis on reducing carbon footprints are hastening the adoption of water-cooled chillers due to their superior energy efficiency and reduced environmental impact compared to air-cooled alternatives. With industries increasingly prioritizing sustainability and energy conservation, the water-cooled chillers market is poised for sustained growth in the foreseeable future. Hence, all these factors contribute to water-cooled chillers market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Centrifugal Chillers

Screw Chillers

Absorption Chillers

Reciprocating Chillers

Scroll Chillers

Capacity

Small Capacity Chillers

Medium Capacity Chillers

Large Capacity Chillers

End-Use Industry

Manufacturing

Commercial Buildings

Data Centers

Healthcare

Hospitality

Others

Application

Air Conditioning

Process Cooling

Compressor Type

Scroll Compressors

Screw Compressors

Centrifugal Compressors

Reciprocating Compressors

Refrigerant Type

Hydrochlorofluorocarbon (HCFC)

Hydrofluorocarbon (HFC)

Ammonia

Others

Power Source

Electric Chillers

Absorption Chillers

Engine-Driven Chillers

Component

Compressors

Condensers

Evaporators

Control Systems

Others

Sales Channel

Direct Sales

Distributor/Wholesaler

Service Type

Installation and Commissioning

Maintenance and Repair

Consulting and Training

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

India

Japan

South Korea

Australia

New Zealand

ASEAN

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA.

Who are the key players operating in the industry?

The report covers the major market players including:

• Daikin Industries Ltd.
• Johnson Controls International plc
• Trane Technologies plc
• Carrier Global Corporation
• Mitsubishi Electric Corporation
• York (Johnson Controls)
• LG Electronics Inc.
• Schneider Electric SE
• Climaveneta (Mitsubishi Electric)
• Smardt Chiller Group Inc.
• McQuay International (Daikin)
• Thermax Limited
• Multistack International Limited
• Frigel Firenze S.p.A.
• Broad Air Conditioning Co. Ltd.

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