LAMEA Industrial Air Chiller Market Size, Share & Industry Trends Analysis Report By Function (Stationary and Transport), By Type, By Industry (Pharmaceutical, Food & Beverage, Oil & Gas, Utility & Power), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Industrial Air Chiller Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
Cooling towers are used in water or liquid-cooled chillers, which improves their thermodynamic performance in contrast to air-cooled chillers. This is because heat is discarded at or near the wet-bulb temperature of the air, rather than the higher, often much higher, dry-bulb temperature. Evaporatively cooled chillers are more efficient than air-cooled chillers, but not as efficient as liquid-cooled chillers. Liquid-cooled chillers are primarily designed for interior deployment and operation and are refrigerated by a separate condenser water loop and then connected to exterior cooling towers to discharge heat into the atmosphere.
In air conditioning systems, chilled coolant from a chiller in an air-cooling plant or conditioning is commonly supplied to heat converters, or coils, inside air controllers, or other types of terminal devices, which chill the air in their respective spaces. The water is then recirculated and chilled in the chiller. These cooling coils transmit latent and sensible heat from the air to chilled water, chilling and dehumidifying the airflow in the process. A common air conditioning chiller is rated between 50 kW (170,000 BTU/h) and 7 MW (24 million BTU/h), with various manufacturers producing chillers with cooling capacities of up to 21 MW (72 million BTU/h).
Depending on the application, chilled water temperatures typically range from 1 to 7 °C (34 to 45 °F). Chillers usually take water that is 12°C and cool it to 7°C. Emergency chillers can be used to deliver chilled water when air conditioning chillers are not working or are needed to be repaired or replaced. Rental chillers are put on a trailer and transported to the job site fast. To connect air conditioning systems and rental chillers, large chilled water lines are employed.
The United Arab Emirates (UAE) is anticipated to have the world's seventh-largest proven oil and gas reserves. The UAE produces 3 million barrels of liquids and petroleum per day on average and has 100 billion barrels of oil reserves. Around 30% of the country's GDP is directly based on oil and gas production, which accounts for nearly 13% of the country's total exports. The royalties and profits of the oil and gas industry provide a vast majority of the UAE government's revenue. The United Arab Emirates is attempting to develop unconventional oil and gas production. The UAE discovered more than 80 trillion cubic feet of gas reserves at Jebel Ali. The government aims to be gas self-sufficient by 2030, however it now imports natural gas from Qatar via the Dolphin pipeline.
The UAE has significant energy reserves. In the Organization of Petroleum Exporting Countries, the UAE is the seventh biggest crude oil producer as well as the fourth-largest producer of petroleum liquids (OPEC). Furthermore, the UAE has the world's seventh-largest natural gas reserves. In addition, hydrocarbon extraction is crucial to the UAE economy, accounting for $65 billion or almost 20% of all export revenue (EIA).
The Brazil market dominated the LAMEA Industrial Air Chiller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $108.7 million by 2028. The Argentina market is estimated to grow at a CAGR of 8% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 7.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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:
- Screw Driven Chillers
- Scroll Compressor Chillers
- Reciprocating Chillers
- Centrifugal Chillers
- Food & Beverage
- Oil & Gas
- Utility & Power
- Saudi Arabia
- South Africa
- Rest of LAMEA
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.
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