India Chiller Market By Product Type, By Heat Load, By End Use, By Region, Competition, Forecast & Opportunities, 2025
- May 2020 •
- 76 pages •
- Report ID: 5916770 •
- Format: PDF
India Chiller Market By Product Type (Scroll & Reciprocating, Screw, Centrifugal, Absorption), By Heat Load (<20kW, 20-50kW, 50-100kW, 100-1000kW, Above 1000kW), By End Use (Industrial (Metal & Mining, Pharmaceuticals, chemical & Petrochemical, Water Treatment, Construction, Oil & Gas, Others) Commercial (Healthcare, Telecom, Education, Government, BFSI, Retail, Others)), By Region, Competition, Forecast & Opportunities, 2025
India chiller market is expected to grow at a steady CAGR during the forecast period.The India chiller market is driven by the flourishing food & beverage industry in the country.
Furthermore, growing popularity of frozen foods and ready to eat food especially among the working population and youth is positively impacting the growth of market in the country. Additionally, these chillers are easy to install, easily available in affordable prices, efficient and durable thereby propelling the market.
The India chiller market is segmented based on product type, heat load, end use, region and company.Based on product type, the market can be categorized into scroll & reciprocating, screw, centrifugal and absorption.
The scroll & reciprocating segment is expected to dominate the market during forecast years owing to their extensive use in various end user industries such as plastic industry, chemical & petrochemical industry, among others.Based on end use, the market can be bifurcated into industrial (metal & mining, pharmaceuticals, chemical & petrochemical, water treatment, construction, plastic, oil & gas, others) and commercial (healthcare, telecom, education, government, BFSI, retail, others).
The chemical & petrochemical industry segment is expected to hold significant market share until 2025 attributable to the increasing demand of chillers for cooling hot oil & chemicals.
Major players operating in the India chiller market include Johnson Controls India Ltd., Voltas Limited, Daikin Airconditioning India Pvt. Ltd., Thermax Limited, Blue Star Limited, Carrier Midea India, Mitsubishi Electric Corporation, United Technologies Corporation, Thermal Care Inc., Multistack LLC and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• To analyze and forecast the market size of India chiller market.
• To classify and forecast India chiller market based on product type, heat load, end use, company and regional distribution.
• To identify drivers and challenges for India chiller market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India chiller market.
• To conduct pricing analysis for India chiller market.
• To identify and analyze the profile of leading players operating in India chiller market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of India chiller market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Chiller manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to chiller
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India chiller market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Product Type:
o Scroll & Reciprocating
• Market, By Heat Load:
o Above 1000kW
• Market, By End Use:
• Market, By Region:
Company Profiles: Detailed analysis of the major companies present in India chiller market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).