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 share, size, 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:
Discover more: https://www.reportsandinsights.com/report/Water-Cooled Chillers-market
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