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09 Jun 2023, 09:43 GMT+10
The process chillers market refers to the global market for industrial refrigeration systems that are used to cool down processes and machinery in a variety of industries such as food and beverage, pharmaceuticals, plastics, chemicals, and others. Process chillers are designed to provide a constant and reliable source of chilled water or coolant, which is essential for the efficient operation of manufacturing processes. The market for process chillers is driven by several factors, including the increasing demand for cooling solutions in various industries, growing investments in infrastructure development, and the need for energy-efficient and environmentally friendly cooling systems. The market is expected to grow significantly in the coming years, driven by the rapid industrialization and urbanization in emerging economies, especially in Asia-Pacific.
The market is segmented based on product type, capacity, compressor type, end-use industry, and region. Water-cooled chillers, air-cooled chillers, and absorption chillers are the major product types. Based on capacity, the market is classified into small, medium, and large chillers. Compressor type includes scroll, screw, reciprocating, and centrifugal compressors. The end-use industry segment includes food and beverage, pharmaceuticals, chemicals, plastics, and others. In terms of geography, the Asia-Pacific region dominates the process chillers market, followed by North America and Europe. This can be attributed to the presence of several manufacturing industries, the growing population, and increasing demand for cooling solutions. The market in the Middle East and Africa and South America is expected to grow at a significant rate, driven by the increasing industrialization and infrastructure development in these regions
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Key Segments of the Process Chillers Market
Cooling
Capacity
Compressor
End-Use
Region
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