The Latin America, Middle East and Africa Recirculating Chillers Market would witness market growth of 6.4% CAGR during the forecast period (2020-2026).
Recirculating chillers are closed loop chillers used to cool the appliances and machines. They are applied across the pharmaceutical, laboratory, and manufacturing sectors. Advances and automation have led to the use of machines such as, reservoir and thermo-scientific equipment in such industries. In order to ensure proper functioning and higher efficiency, the heat generated by these machines has to be eliminated. Thus, automation and advances in technology are expected to drive market growth over the forecast period.
They allow for fluid flow at a temperature regulation. The heat exchangers installed in the recirculating chillers thereby provide the applications with thermal stability, helping in automation. Additionally, the portability of certain recirculating chiller types such as benchtop and rack mounted ensures operational flexibility, leading to increased demand for such chillers. In addition, the HVAC systems also use recirculating chillers in residential applications. Therefore, a wide variety of applications are projected to boost market growth.
Industrial applications are increasing due to the increasing demand for data centers around the globe. They provide cooling for data centers in order to function efficiently. It is expected that the fact that they can be used in a wide range of applications will fuel their demand. For example, floor-mounted recirculating chillers are commonly used in the semiconductor/manufacturing and plastic industries. Likewise, rack-mounted recirculating chillers are widely used in laser machining, atomizing devices, packaging lines, and x-ray equipment, among others.
Based on Type, the market is segmented into Rack Mounted, Floor Mounted and Bench Top. Based on Application, the market is segmented into Laboratory, Industrial, Medical and Others. Based on Temperature Range, the market is segmented into 1°C to 100°C, -100°C to 0°C and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Agilent Technologies, Inc., BASF SE (ThermoTek), Thermo Fisher Scientific, Inc., Across International, LLC, BUCHI Labortechnik AG, Dimplex Thermal Solutions, Inc. (GlenDimplex), JULABO GmbH, LAUDA-Brinkmann, LP, Lytron, Inc. (Boyd Corporation), and Peter Huber Kältemaschinenbau AG.
Scope of the Study
• Rack Mounted
• Floor Mounted
• Bench Top
By Temperature Range
• 1°C to 100°C
• -100°C to 0°C
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Agilent Technologies, Inc.
• BASF SE (ThermoTek)
• Thermo Fisher Scientific, Inc.
• Across International, LLC
• BUCHI Labortechnik AG
• Dimplex Thermal Solutions, Inc. (GlenDimplex)
• JULABO GmbH
• LAUDA-Brinkmann, LP
• Lytron, Inc. (Boyd Corporation)
• Peter Huber Kältemaschinenbau AG
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United Arab Emirates
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