KD Market Insights (KDMI) recently published market research report on the Global Process Chillers market, this market research report provides detailed analysis of market drivers, challenges, opportunity analysis, and trends, along with various key insights into the market research report. The report on global Process Chillers market demonstrates the important aspects that are anticipated to shape the growth of the market over the forecast period. The study also includes the analysis of the market size & forecast for the different segments and geographies.
The global Process Chillers market is anticipated to reach at a notable value by the end of 2025. The market is envisioned to grow at a considerable CAGR over the forecast period i.e. 2020-2025. In the past years, the market has grown at a significant rate and is projected to showcase a lucrative growth in the upcoming years.
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The growth of this market is anticipated towards major relying factors including the increase in cooling process applications, growing industrialization, growing concern over energy efficiency, growing use of environment friendly products, progress in the manufacturing industries, the increasing trend towards frozen foods , developments of new products, mergers & acquisitions, and partnerships among players in the process chillers market etc.
The study for global Process Chillers market covers the key market growth indicators such as value and supply chain analysis, year-on-year (Y-o-Y) growth and compounded annual growth rate (CAGR), in the KDMI’s research report along with macroeconomic indicators & forecast factors. Also, the analysis of Porter’s Five Forces demonstrates the five forces which include buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global Process Chillers market.
Impact of Coronavirus Disease (COVID-19) on Global Process Chillers Market
The coronavirus or COVID-19 (formerly 2019-nCoV) broke out in December 2019, which has been imposed as a medical emergency worldwide. More than 213 countries and territories have reported cases of coronavirus to date. On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. The study explains the impact of coronavirus disease (COVID-19) on global Process Chillers market, covering the following points:
- Impact analysis of COVID-19 on the global Process Chillers market in the upcoming years.
- Detailed research regarding each region & countries will be listed, to identify the issues caused by the coronavirus disease on the market.
- Strategies adopted by the major & prominent market players in order to survive in the situation of COVID-19 lockdown.
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Key Insights Covered in the Global Process Chillers Market Report
Analysis of market including the market forecast, Y-o-Y growth and structure of the industry.
Leading market growth factors, market trends and upcoming opportunities driving the growth of the market.
Identifying the barriers & threats hindering the market growth.
Detailed analysis of major & prominent players in the market & also covering a comprehensive analysis of the company’s business and performance.
Various market activities covering the market research report including product launch, innovation, acquisition, expansion, technological advancement, research & development & other market activities.
Segment Outlook
The global Process Chillers market is segmented (By Cooling Type, By Capacity, By Type and By End-use Industry). This market research report offers comprehensive data and information about the global Process Chillers market dynamics & growth parameters related to these categories. Further, the market is sub-segmented as follows:
Based on Cooling Type:
Air-Cooled Process Chiller
Water-Cooled Process Chiller
Based on Capacity:
Up to 20 Tons
20 - 150 Tons
150 - 300 Tons
Above 300 Tons
Based on Type:
Positive Displacement
Scroll
Screw
Absorption Chillers
Reciprocating
Centrifugal
Based on End-use Industry:
Plastics
Food & Beverages
Pharmaceutical
Printing
Chemical
Energy
Engineering & Mechanical
Others
Automotive
Others
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Regional Prospect
In terms of geography, the market for Process Chillers is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition to this, further classification of market data and analysis of region into countries is covered in the report. Further, the geographies are fragmented into the regional & country groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The market research report on the global Process Chillers market also provides the detailed strategic analysis of the company’s business and performance including the financial information, revenue breakup by segment and by geography, SWOT Analysis, key factors, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news and other market activities. The market research report also provides company’s positioning and market share of the major & niche key market players in global Process Chillers market. In addition to this, the report also profiles various major & niche key market players in the global Process Chillers market including:
Thermal Care Inc
ICS Cool Energy Limited
Filtrine Manufacturing Company
Legacy Chiller Systems Inc
Cooling Technology Inc
General Air Products Inc
United Technologies Corporation (Carrier)
DAIKIN INDUSTRIES Ltd.
Johnson Controls International plc.
Blue Star Ltd.
GEA Group AG
Motivair Corporation
Pfannenberg Inc
Trane Inc.
Advantage Engineering, Inc.
Aqua Cooling Solutions Ltd
Thermonics Corporation
MTA USA
Carrier Global Corporation
Dimplex Thermal Solutions
Drake Refrigeration Inc.
Parker-Hannifin Corporation
Gardner Denver Inc
Danfoss
Arctic Chiller Group
JM Fluidics
Airedale Air Conditioning
Other Players
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