The Asia Pacific Industrial Air Chiller Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
Chillers that are air-cooled or evaporatively cooled are designed to be installed and operated externally. Ambient air is mechanically pumped directly through the device's condenser coil to release heat into the atmosphere in air-cooled machines. Evaporative cooled machines are identical to standard air-cooled machines, except that they use a mist of water to aid with condenser cooling, making them more efficient than traditional air-cooled equipment. With either of these forms of packaged evaporatively cooled or air-cooled chillers, no remote cooling tower is usually required.
Power and energy are two critical inputs for India's economic development and improvement of living standards. The government is responsible for developing conventional kinds of energy to meet society's expanding energy needs at a fair cost. There are also special programs by the Union and state governments to encourage non-conventional/alternative/new and renewable energy sources, such as solar, wind, and bio-energy, among others.
On the World Bank's Ease of Doing Business, Getting Electricity ranking, India climbed 115 ranks to 22nd (2020) from 137th (2014). Between FY19 and FY23, the Indian power sector is expected to attract investments of around $ 128.24-135.37 billion. The sector's future appears promising, as the country's installed power generation capacity is anticipated to rise 620 GW by 2026-27, with coal accounting for 38% and renewable energy accounting for 44%. Renewable Energy Sources (Wind, Solar, Hydro, and Bio Power) have expanded their electricity energy generation from 193.5 billion units in 2013-14 to 306.3 billion units in 2020-21, a 6.8% CAGR. Therefore, with the expanding utility and power industry, the growth of the regional market is anticipated to rise in the coming years.
The China market dominated the Asia Pacific Industrial Air Chiller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $647.6 million by 2028. The Japan market is poised to grow at a CAGR of 4.2% during (2022 - 2028). Additionally, The India market would display a CAGR of 5.5% during (2022 - 2028).
Based on Function, the market is segmented into Stationary and Transport. Based on Type, the market is segmented into Screw Driven Chillers, Scroll Compressor Chillers, Reciprocating Chillers, and Centrifugal Chillers. Based on Industry, the market is segmented into Pharmaceutical, Food & Beverage, Oil & Gas, Utility & Power, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Industrial Air Chiller Market is Projected to reach USD 5.9 Billion by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Mitsubishi Electric Corporation, Daikin Industries, Ltd., Trane Technologies PLC, Carrier Global Corporation, Blue Star Limited, Airedale International Air Conditioning Ltd., HIVER Aircon Pvt. Ltd., Gem Orion Machinery Private Limited, and Jiangsu Huazhao Refrigeration Equipment CO., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Function
By Type
- Screw Driven Chillers
- Scroll Compressor Chillers
- Reciprocating Chillers
- Centrifugal Chillers
By Industry
- Pharmaceutical
- Food & Beverage
- Oil & Gas
- Utility & Power
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Mitsubishi Electric Corporation
- Daikin Industries, Ltd.
- Trane Technologies PLC
- Carrier Global Corporation
- Blue Star Limited
- Airedale International Air Conditioning Ltd.
- HIVER Aircon Pvt. Ltd.
- Gem Orion Machinery Private Limited
- Jiangsu Huazhao Refrigeration Equipment CO., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Industrial Air Chiller Market, by Function
1.4.2 Asia Pacific Industrial Air Chiller Market, by Type
1.4.3 Asia Pacific Industrial Air Chiller Market, by Industry
1.4.4 Asia Pacific Industrial Air Chiller Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jan – 2022, Mar) Leading Players
Chapter 4. Asia Pacific Industrial Air Chiller Market by Function
4.1 Asia Pacific Stationary Market by Country
4.2 Asia Pacific Transport Market by Country
Chapter 5. Asia Pacific Industrial Air Chiller Market by Type
5.1 Asia Pacific Screw Driven Chillers Market by Country
5.2 Asia Pacific Scroll Compressor Chillers Market by Country
5.3 Asia Pacific Reciprocating Chillers Market by Country
5.4 Asia Pacific Centrifugal Chillers Market by Country
Chapter 6. Asia Pacific Industrial Air Chiller Market by Industry
6.1 Asia Pacific Pharmaceutical Market by Country
6.2 Asia Pacific Food & Beverage Market by Country
6.3 Asia Pacific Oil & Gas Market by Country
6.4 Asia Pacific Utility & Power Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Industrial Air Chiller Market by Country
7.1 China Industrial Air Chiller Market
7.1.1 China Industrial Air Chiller Market by Function
7.1.2 China Industrial Air Chiller Market by Type
7.1.3 China Industrial Air Chiller Market by Industry
7.2 Japan Industrial Air Chiller Market
7.2.1 Japan Industrial Air Chiller Market by Function
7.2.2 Japan Industrial Air Chiller Market by Type
7.2.3 Japan Industrial Air Chiller Market by Industry
7.3 India Industrial Air Chiller Market
7.3.1 India Industrial Air Chiller Market by Function
7.3.2 India Industrial Air Chiller Market by Type
7.3.3 India Industrial Air Chiller Market by Industry
7.4 South Korea Industrial Air Chiller Market
7.4.1 South Korea Industrial Air Chiller Market by Function
7.4.2 South Korea Industrial Air Chiller Market by Type
7.4.3 South Korea Industrial Air Chiller Market by Industry
7.5 Singapore Industrial Air Chiller Market
7.5.1 Singapore Industrial Air Chiller Market by Function
7.5.2 Singapore Industrial Air Chiller Market by Type
7.5.3 Singapore Industrial Air Chiller Market by Industry
7.6 Malaysia Industrial Air Chiller Market
7.6.1 Malaysia Industrial Air Chiller Market by Function
7.6.2 Malaysia Industrial Air Chiller Market by Type
7.6.3 Malaysia Industrial Air Chiller Market by Industry
7.7 Rest of Asia Pacific Industrial Air Chiller Market
7.7.1 Rest of Asia Pacific Industrial Air Chiller Market by Function
7.7.2 Rest of Asia Pacific Industrial Air Chiller Market by Type
7.7.3 Rest of Asia Pacific Industrial Air Chiller Market by Industry
Chapter 8. Company Profiles
8.1 Johnson Controls International PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Acquisition and Mergers:
8.2 Mitsubishi Electric Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.3 Daikin Industries, Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.4 Trane Technologies PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 Carrier Global Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.6 Blue Star Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Geographical Expansions:
8.7 Airedale International Air Conditioning Ltd.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 HIVER Aircon Pvt. Ltd.
8.8.1 Company Overview
8.9 Gem Orion Machinery Private Limited
8.9.1 Company Overview
8.10. Jiangsu Huazhao Refrigeration Equipment CO., Ltd.
8.10.1 Company Overview
TABLE 1 Asia Pacific Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Industrial Air Chiller Market
TABLE 4 Product Launches And Product Expansions– Industrial Air Chiller Market
TABLE 5 Acquisition and Mergers– Industrial Air Chiller Market
TABLE 6 Georraphical expansions– Industrial Air Chiller Market
TABLE 7 Asia Pacific Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Stationary Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Stationary Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Transport Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Transport Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Screw Driven Chillers Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Screw Driven Chillers Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Scroll Compressor Chillers Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Scroll Compressor Chillers Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Reciprocating Chillers Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Reciprocating Chillers Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Centrifugal Chillers Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Centrifugal Chillers Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Food & Beverage Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Food & Beverage Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Utility & Power Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Utility & Power Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Industrial Air Chiller Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Industrial Air Chiller Market by Country, 2022 - 2028, USD Million
TABLE 37 China Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 38 China Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 39 China Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 40 China Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 41 China Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 42 China Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 43 China Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 44 China Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 45 Japan Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 46 Japan Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 47 Japan Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 48 Japan Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 49 Japan Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 50 Japan Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 51 Japan Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 52 Japan Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 53 India Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 54 India Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 55 India Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 56 India Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 57 India Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 58 India Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 59 India Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 60 India Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 61 South Korea Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 62 South Korea Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 63 South Korea Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 64 South Korea Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 65 South Korea Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 66 South Korea Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 67 South Korea Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 68 South Korea Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 69 Singapore Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 70 Singapore Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 71 Singapore Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 72 Singapore Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 73 Singapore Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 74 Singapore Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 75 Singapore Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 76 Singapore Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 77 Malaysia Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 78 Malaysia Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 79 Malaysia Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 80 Malaysia Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 81 Malaysia Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 82 Malaysia Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 83 Malaysia Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 84 Malaysia Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 93 Key Information – JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 94 key information – Mitsubishi Electric Corporation
TABLE 95 Key information – Daikin Industries, Ltd.
TABLE 96 Key Information – Trane Technologies PLC
TABLE 97 Key Information – Carrier Global Corporation
TABLE 98 Key Information – Blue Star Limited
TABLE 99 Key Information – Airedale International Air Conditioning Ltd.
TABLE 100 Key Information – HIVER Aircon Pvt. Ltd.
TABLE 101 Key Information – Gem Orion Machinery Private Limited
TABLE 102 Key Information – Jiangsu Huazhao Refrigeration Equipment CO., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jan – 2022, mar) Leading Players
FIG 5 Recent strategies and developments: Johnson Controls International PLC
FIG 6 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 7 Recent strategies and developments: Daikin Industries, Ltd.
FIG 8 Recent strategies and developments: Trane Technologies PLC