Industrial Chillers Market to grow by USD 1.23 billion from 2022 to 2027 | Growing adoption of district heating and cooling infrastructure to drive the growth- Technavio
NEW YORK, Oct. 20, 2023 /PRNewswire/ -- The industrial chillers market is expected to grow by USD 1.23 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 4.35% during the forecast period. The market is segmented by end-user (chemical and petrochemical, plastics, food and beverage, pharmaceuticals and biotechnology, and others), type (water chillers and air chillers), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The report also covers information on trends and challenges. Explore detail information by purchasing a report
The growing adoption of district heating and cooling infrastructure is a key factor driving market growth. In comparison with the operation of refrigeration compressors, which require more energy, a district cooling system is an economical option. District cooling systems, which can process and cool large volumes of water, are usually equipped with industrial chillers. Furthermore, it is possible to achieve significant savings in energy consumption if these large systems are operated. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
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The hybrid cooling towers market size is estimated to grow at a CAGR of 4.39% between 2023 and 2028. The market size is forecast to increase by USD 198.64 million.
The industrial boiler market size is estimated to grow at a CAGR of 3.51% between 2022 and 2027. The market size is forecast to increase by USD 2,948.87 million.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
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