Farmington, April 24, 2023 (GLOBE NEWSWIRE) -- The Global Scroll Chiller Market size is estimated to be USD 2.9624 billion in 2022. The market is projected to touch USD 3.808 billion by 2030, exhibiting a CAGR of 3.2% during the forecast period. Mechanical apparatus In numerous air conditioning applications and chilling procedures, scroll and absorption chillers are utilized. In commercial and industrial applications, energy is used for ventilation, heating, and chilling, with chillers accounting for fifty percent of the total energy consumption. As awareness of the significance of energy conservation grew, so did the demand for energy-efficient chiller products. The absorption chillers contribute to improved performance while ensuring that elevated electricity costs are contained. Industries such as printing, chemicals, and plastics are considering scroll and absorption chillers to reduce their electric energy consumption, maintenance costs, and others.
Request Sample Copy of Report
Segmentation Overview:
Application Outlook
Industrial
The adhesives, construction materials, pulp & paper, metal processing equipment (MPM), and food processing equipment (FPE) markets comprise this application's market.
Commercial
In order to provide insight into demand for scroll water chillers by application over the forecast period, it is necessary to examine demand for each application.
Regional Analysis:
North America is the largest manufacture region with about 29% market share.The countries covered in the scroll and absorption chillers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.China and other Asian nations, such as ASEAN, India, and Korea, have dominated the sales of scroll chillers in recent years. The expansion of nuclear, solar, and geothermal power facilities is the primary reason why scroll chiller sales are increasing.
Increasing heating, ventilation, and air conditioning (HVAC) requirements in commercial and industrial contexts in North America and Western Europe create a vast market opportunity for energy-efficient sources. Consequently, this increases the demand for scroll chillers in these regions. In LA, MEA, and EE, the vertical markets for low-volume businesses are expanding rapidly and are anticipated to take off shortly.
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/117820
Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 3.2% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 3.808 billion |
| By Type |
|
| By Capacity |
|
| By Application |
|
| By Companies |
|
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Trends: Scroll chillers are used in production units in numerous industries, such as the chemical, plastics, and printing industries, to save money on energy, maintenance, and other expenses. By incorporating scroll chillers into their production processes, these industries can reduce their energy consumption by 12–15%.
Drivers: Solar-powered absorption chillers are gaining in popularity.
There has been a recent increase in demand from many end-use areas where primary sources could be used more efficiently for apparatus that does not require electricity. Therefore, solar-powered absorption chillers have gained significant market share for large-scale refrigeration projects.
A rise in the use of engines and turbines
To ensure that engines and turbines function properly, a device for air conditioning is necessary. Approximately 1500°C is the optimal temperature for rotor operation. Nonetheless, maintaining this temperature is difficult, particularly in Asia-Pacific and the Middle East, where the average daily temperature exceeds 2500C.
Restraints/ Challenges:
Absorption chillers are more expensive to install than conventional electric and mechanical chillers, so it takes longer for them to pay for themselves. Absorption chillers are more expensive to operate than traditional chillers, which will limit the growth of the market in the near future.
Opportunities: Increasing heat loss and costly ship operating expenses
When operating, large ships squander a great deal of heat, which drives up costs and harms the environment by releasing carbon dioxide. On the other hand, the waste heat could be used to fuel a barrel-cooling absorption chiller.
Key Segments Covered:
Top Market Players:
- Johnson Controls
- Mammoth
- Trane
- Daikin
- Dunham-Bush
- Carrier
- Airedale
- Hitachi Appliances
- Mitsubishi Electric
- Bosch
- Kuen Ling
- TICA
- LG
- Midea
- Blue Star
- Motivair
- Ingersoll-Rand plc
- Gree
- Danfoss A/S
- Voltas and others.
By Type
- Water-Cooled Scroll Chillers
- Air-Cooled Scroll Chillers
By Capacity
- <100KW
- 101KW-300KW
- 301 KW-700 KW
- >700KW
By Application
- Residential
- Industrial
- Infrastructure
- Commercial
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific:(Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 215-297-4078
Email: anna@contrivedatuminsights.com
