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Centrifugal Chillers Market by Type (Air Cooled, Water Cooled), by Tonnage (Less than 1000, 1000, 2000, More than 2000), by Industry (Food & Beverage, Pharmaceutical, Plastics, Chemicals & Petrochemicals, Data Centres, Others (Commercial, Rubber, etc.), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Centrifugal Chillers Market size was valued at USD 4.2 USD billion in 2023 and is projected to reach USD 5.24 USD billion by 2032, exhibiting a CAGR of 3.21 % during the forecast period. Centrifugal chillers are large-scale cooling systems that utilize a rotary impeller to compress the refrigeration to aid the absorption and transfer of heat. These systems work using the centrifugal force for the circulation of the refrigerant within a cycle of compression and evaporation. Chillers are classified by the stages of compression and efficiency, two of which are single-stage and multi-stage chillers. A centrifugal chiller is characterized by high cooling capacities, energy efficiency of the equipment, and the provision of sophisticated control systems. They are normally employed in large business and industrial undertakings which require vast amounts of refrigeration including offices, health facilities, and factories. Because of the efficiency of the two coolants, they are best suited for applications that require scaled and standardized cooling systems.
Centrifugal Chillers Market Trends
The centrifugal chillers market is influenced by various trends, including:
Type:
Tonnage:
Industry:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.21 % from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.21 % from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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