The North America Industrial Air Chiller Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
An industrial chiller is a refrigeration system that removes heat from a system and transfers it to another to reduce the temperature of industrial spaces, machinery, and process fluids. Several industrial processes, such as injection molding, oilfield production, metal plating, and food processing, require industrial chillers for temperature regulation.
A chiller is a device that leverages vapor-compression, adsorption refrigeration, or absorption refrigeration to eliminate heat from a fluid coolant. After that, the liquid might be routed through a heat converter to cooling equipment or another process stream, such as air or process water. Refrigeration generates waste heat as necessary by-product, which must be released into the surroundings or recovered for heating purposes for optimized efficiency. Compressors used in vapor compression chillers can be of a variety of sorts. semi-hermetic screw, hermetic scroll, and centrifugal compressors are the most prevalent today.
The pharmaceutical industry is significantly robust in the United States. According to the Congressional Budget Office, every year, the pharmaceutical industry in the United States generates a wide range of new pharmaceuticals with significant medical benefits. Many of these drugs are costly, contributing to increased healthcare expenses in both the private and public sectors. Drug prices have been lowered, and federal drug spending has been reduced, according to policymakers.
The pharmaceutical sector in the United States is responsible for inventing and manufacturing some of the most innovative and best-selling pharmaceuticals in the world. Drugs developed in the United States have been recognized to treat a wide range of ailments that were previously difficult to treat. In addition, regional market players are also increasing their focus on developing the best-in-class drugs at affordable prices in order to enhance the regional pharmaceutical industry. In the United States, pharmaceutical companies spend a lot of money to market their drugs.
With the rapidly expanding pharmaceutical industry in the region, the requirement for industrial air chillers is estimated to significantly increase in the coming years. Industrial air chillers substantially aid in transporting and storing the drugs that are more tend to contaminate in a hot environment. Therefore, the growth of the regional industrial air chiller market is rising.
The US market dominated the North America Industrial Air Chiller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,231.4 million by 2028. The Canada market is experiencing a CAGR of 6.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 5.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industrial Air Chiller Market is Predict to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Industrial Air Chiller Market, by Function
1.4.2 North America Industrial Air Chiller Market, by Type
1.4.3 North America Industrial Air Chiller Market, by Industry
1.4.4 North America 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. North America Industrial Air Chiller Market by Function
4.1 North America Stationary Market by Country
4.2 North America Transport Market by Country
Chapter 5. North America Industrial Air Chiller Market by Type
5.1 North America Screw Driven Chillers Market by Country
5.2 North America Scroll Compressor Chillers Market by Country
5.3 North America Reciprocating Chillers Market by Country
5.4 North America Centrifugal Chillers Market by Country
Chapter 6. North America Industrial Air Chiller Market by Industry
6.1 North America Pharmaceutical Market by Country
6.2 North America Food & Beverage Market by Country
6.3 North America Oil & Gas Market by Country
6.4 North America Utility & Power Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Industrial Air Chiller Market by Country
7.1 US Industrial Air Chiller Market
7.1.1 US Industrial Air Chiller Market by Function
7.1.2 US Industrial Air Chiller Market by Type
7.1.3 US Industrial Air Chiller Market by Industry
7.2 Canada Industrial Air Chiller Market
7.2.1 Canada Industrial Air Chiller Market by Function
7.2.2 Canada Industrial Air Chiller Market by Type
7.2.3 Canada Industrial Air Chiller Market by Industry
7.3 Mexico Industrial Air Chiller Market
7.3.1 Mexico Industrial Air Chiller Market by Function
7.3.2 Mexico Industrial Air Chiller Market by Type
7.3.3 Mexico Industrial Air Chiller Market by Industry
7.4 Rest of North America Industrial Air Chiller Market
7.4.1 Rest of North America Industrial Air Chiller Market by Function
7.4.2 Rest of North America Industrial Air Chiller Market by Type
7.4.3 Rest of North America 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 North America Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 8 North America Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 9 North America Stationary Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Stationary Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Transport Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Transport Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 14 North America Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 15 North America Screw Driven Chillers Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Screw Driven Chillers Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Scroll Compressor Chillers Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Scroll Compressor Chillers Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Reciprocating Chillers Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Reciprocating Chillers Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Centrifugal Chillers Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Centrifugal Chillers Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 24 North America Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 25 North America Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Food & Beverage Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Food & Beverage Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Utility & Power Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Utility & Power Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Industrial Air Chiller Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Industrial Air Chiller Market by Country, 2022 - 2028, USD Million
TABLE 37 US Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 38 US Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 39 US Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 40 US Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 41 US Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 42 US Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 43 US Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 44 US Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 45 Canada Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 46 Canada Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 47 Canada Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 48 Canada Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 49 Canada Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 50 Canada Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 51 Canada Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 52 Canada Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 53 Mexico Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 54 Mexico Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 55 Mexico Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 56 Mexico Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 57 Mexico Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 58 Mexico Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 59 Mexico Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 60 Mexico Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 61 Rest of North America Industrial Air Chiller Market, 2018 - 2021, USD Million
TABLE 62 Rest of North America Industrial Air Chiller Market, 2022 - 2028, USD Million
TABLE 63 Rest of North America Industrial Air Chiller Market by Function, 2018 - 2021, USD Million
TABLE 64 Rest of North America Industrial Air Chiller Market by Function, 2022 - 2028, USD Million
TABLE 65 Rest of North America Industrial Air Chiller Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of North America Industrial Air Chiller Market by Type, 2022 - 2028, USD Million
TABLE 67 Rest of North America Industrial Air Chiller Market by Industry, 2018 - 2021, USD Million
TABLE 68 Rest of North America Industrial Air Chiller Market by Industry, 2022 - 2028, USD Million
TABLE 69 Key Information – JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 70 key information – Mitsubishi Electric Corporation
TABLE 71 Key information – Daikin Industries, Ltd.
TABLE 72 Key Information – Trane Technologies PLC
TABLE 73 Key Information – Carrier Global Corporation
TABLE 74 Key Information – Blue Star Limited
TABLE 75 Key Information – Airedale International Air Conditioning Ltd.
TABLE 76 Key Information – HIVER Aircon Pvt. Ltd.
TABLE 77 Key Information – Gem Orion Machinery Private Limited
TABLE 78 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