Screw Chillers Market Size & Forecast, 2031
Market Dynamics
The market is segmented on the basis of product type, compressor type, end-user industry, and region. On the basis of product type, the market is divided into air cooled chiller and water-cooled chillers. On the basis of compressor type, the market is divided into single and dual and twin. On the basis of end-user industry, the market is divided into food and beverage, chemical and petrochemicals, pharmaceutical, oil and gas and others. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of product type, the water-cooled chillers segment generated the highest revenue in 2021, due to rapid urbanization and population, and increase in food and beverage, construction buildings globally.
On the basis of end-user industry, the chemical and petrochemical segment accounted for the highest revenue in the global market in 2021, owing to rise in demand for screw chillers from chemicals & petrochemicals industries for machine & oil cooling.
On the basis of region, Asia-Pacific registered highest share of the global screw chillers market share in 2021, owing to Increase in industrialization and rapid urbanization in countries such as China, India, Vietnam, and Indonesia boost the growth of construction activities.
The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in screw chillers market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of screw chillers companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
The screw chillers market is segmented into Product Type, Compressor Type and End User Industry. On the basis of product type, the market is divided into air cooled chiller and water-cooled chillers. On the basis of compressor type, the market is divided into single and dual and twin. On the basis of end-user industry, the market is divided into food and beverage, chemical and petrochemicals, pharmaceutical, oil and gas and others. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global screw chillers market trends and dynamics.
- In-depth global screw chillers market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of screw chillers market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Screw chillers market forecast analysis from 2022 to 2031 is included in the report.
- The key players with in screw chillers market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of screw chillers industry.
Screw Chillers Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Compressor Type |
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 By End User Industry |
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 By Region |
|
 Key Market Players | Johnson Controls, Carrier, Robert Bosch GmbH, McQuay Air-conditioning Ltd., Trane Technologies plc, LG Electronics, EUROKLIMAT S.P.A., Dunham Bush, Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A, Haier Group |
Analyst Review
The screw chillers market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific registered highest share of the global screw chillers market share in 2021, owing to increase in industrialization and rapid urbanization in countries such as China, India, Vietnam, and Indonesia. Key manufacturers, such as Airedale International Air Conditioning Ltd., Trane Technologies Company, LLC., and Johnson Controls International PLC offer a wide range of screw chillers. The water-cooled chillers segment generated the highest revenue in 2021, due to rapid urbanization and population, and increase in food and beverage, construction buildings globally are anticipated to boost the growth of the water-cooled modular chiller.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand its business and strengthen its market position. For instance, in July 2022, Dunham-Bush launched a new high efficiency chiller series for smaller capacity range application. The new ZEUS series air-cooled scroll compressor – ACDSV-E, designed with inverter scroll compressors and EC fans, is able to deliver low noise optimum performance and superior part load efficiency thus enhancing its product line. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global screw chillers market.
Development of energy efficient screw chillers is a major trend in the market.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Asia-Pacific is the largest regional market for Screw Chillers.
Latest version of global Screw Chillers market report can be obtained on demand from the website.
Carrier Global Corporation, Dunham Bush and EUROKLIMAT S.P.A., are some of the the top companies to hold the market share in Screw Chillers.
The base year considered in the global screw chillers market report is 2021.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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