The global centrifugal chillers market is anticipated to grow at a moderate CAGR of 3.5% during the forecast period (2024–2031). One of the major factors contributing to the growth of the centrifugal chillers market is the rising demand for chillers and cooling equipment in industrial and commercial settings. For instance, in October 2022, Mitsubishi Heavy Industries (MHI) Group companies Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems) and Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP) have delivered two large-capacity centrifugal chillers for a large-scale district cooling system in Singapore's Marina Bay as part of an expansion plan. The two chillers from the ‘GART series’ have a total cooling capacity of 8,400 Refrigeration Tons (RT). MHI Group will offer a total of 18 centrifugal chillers to the Marina Bay region. The GART-400PLS.SCF model centrifugal chillers each have a cooling capacity of 4,200 RT.
Browse the full report description of “Centrifugal Chillers Market Size, Share & Trends Analysis Report by Type (Air Cooled, and Water Cooled), by Tonnage (Less than 1000, 1000-2000, and more than 2000), and by Industry (Food & Beverage, Pharmaceutical, Plastics, Chemicals & Petrochemicals, Data Centers, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/centrifugal-chillers-market
Also, various companies across domains have collaborated with cooling equipment manufacturers to acquire chillers for their industrial application needs. For instance, in June 2021, Honeywell announced that Pure Harvest Smart Farms has chosen its Solstice® zd (R-1233zd) ultra-low-global-warming-potential (LGWP) refrigerant to cool its new indoor farm in Al Ain for produce growth, decreasing energy usage and CO2 emissions. The farm in Al Ain will be the first sustainable farming endeavor to use Honeywell's solution, which significantly boosts energy efficiency when used in chillers and will help Pure Harvest Smart Farms reduce its carbon footprint.
Market Coverage
• The market number available for 2024-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Type
o By Tonnage
o By Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape Include Honeywell International Inc. Carrier Corp., Linde plc., Daikin Industries Ltd., and Blue Star Ltd
Key questions addressed by the report
Global Centrifugal Chillers Market Report Segment
By Type
By Tonnage
By Industry
Global Centrifugal Chillers Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• The Middle East and Africa
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