(MENAFN- America News Hour) The Water Chiller Industry Market is continuously growing in the global scenario at significant pace. Water chiller is a medical device which is used to facilitate heat exchange from water to a refrigerant in a closed loop system. The refrigerant is then pumped to a location where the waste heat is transferred to the atmosphere. Escalating demand for water chiller precisely in the developing countries, rising urbanization in both the developed & developing countries and surging demand for high quality purified water are the substantial driving factors of the market during the forecast period. Moreover, emerging demand for absorption chillers is the factor that likely to creating lucrative opportunity in the near future. In addition, water chiller offers various benefits such as it has longer lifespan, it is energy efficient, no open space needed and so on, due to this benefits of water chillers its demand is growing across the end users. However, high cost associated with chillers is one of the major factor that limiting the market growth of Water Chiller Industry during the forecast period.
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The regional analysis of Global Water Chiller Industry Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to increasing demand from chemical, food & beverage and medical industries and presence of large number of manufacturers across the region. Europe is estimated to grow as stable rate in the global Water Chiller Industry market over the upcoming years due to increasing prices of raw material in the region. Further, North America is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The major market player included in this report are:
Trane
Carrier
Lennox
Eco chillers
Mammoth
Toshiba
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Screw Chillers
Centrifugal Chillers
Reciprocating Chillers
Water Cooled Chillers
Evaporated Cooled Chillers
By Application:
Medical
Chemical & Pharmaceutical
Plastic & Rubber
Metal Forming
Food Processing
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
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Target Audience of the Global Water Chiller Industry Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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