Global Reciprocating Chiller Market – Overview
In the past several years, the industrial refrigeration industry has observed noteworthy developments. Reciprocating, and to a lesser extent, scroll process chillers are the heart of most central systems for medium-sized buildings. Reciprocating chillers consist of one or more reciprocating compressor assemblies. Due to rapid economic development, coupled with growing chemical, construction, and food sectors, the necessity for industrial refrigeration is also growing, which is foreseen to create increased demand for reciprocating chillers. However, owing to the stepped part load capacity and low energy efficiency of these reciprocating chillers, their adoption is less as compared to other chillers. Owing to the numerous limitations of reciprocating chillers as compared to other different types of chillers, a slower adoption rate is expected in the global market over the forecast period.
Global Reciprocating Chiller Market – Market Dynamics
Many prominent players in the global chiller industry are focusing on achieving better efficiency and lower initial cost. However, owing to intermittent output, high maintenance cost, and high power consumption, reciprocating chillers are on the verge of becoming obsolete. The low initial cost of reciprocating chillers for small capacity requirements is one of the prominent factors for the current demand in the global reciprocating chiller market. As compares to other centrifugal and rotary chillers, reciprocating chillers have more moving parts, resulting in the increased need for wear-related maintenance. As compared to other chillers, reciprocating chillers are not well-suited for the requirement of more than 200 tons, owing to the multiple factors. As per the pointers mentioned above, the global market for reciprocating chillers is anticipated to witness slow growth over the forecast duration.
Global Reciprocating Chiller Market – Regional Analysis
The requirement for achieving the precise temperature for cooling applications is increasing, which, as a result, is creating the demand for reciprocating chillers, globally. The global market for reciprocating chillers has been analyzed by seven economies: North America, Europe, Middle East & Africa (MEA), Asia, Oceania, and Latin America. The Asia reciprocating chiller market is further divided into East Asia & South Asia. Collectively, East & South Asia is anticipated to witness significant growth in the global reciprocating chiller market. China leads the reciprocating chiller market in East Asia, owing to rapid industrialization in the country. In South Asia, India appears to be an emerging country, and is foreseen to auger well in reciprocating chiller market in the region. North America is anticipated to grow at a stable CAGR in the global reciprocating chiller market. Product innovation with the integration of the technology and features, along with a better price to performance ratio could be considered as a fueling factor that could bolster the demand for reciprocating chillers in near future.
Global Reciprocating Chiller Market – Key Segments
The global market for reciprocating chillers can be divided into cooling type, cooling capacity, configuration, and region. On the basis of cooling type, the global market for reciprocating chillers is classified as air-cooled chillers and water-cooled chillers. Water-cooled reciprocating chillers are usually used for higher cooling capacity applications. These reciprocating chillers come in different capacities, from 150 - 200 tones and larger incremental steps such as 20, 25, 30, etc. A reciprocating chiller is usually configured in three ways - hermetic, semi-hermetic, and direct driver versions. Hermetic sealed units are the most common reciprocating chiller configuration for small capacity requirements. Many reciprocating chiller manufacturers provide customized cooling solutions with desired customer requirements.
Reciprocating Chiller Market – Key Manufacturers
The global market for reciprocating chillers appears to be fragmented, and includes plenty of players across the globe. In order to have a sturdy foothold in the market, reciprocating chiller manufacturers are employing different technological integrations in order to optimize the price to performance ratio. Some of the prominent players operating in the global reciprocating chiller market are Carrier Corporation, Daikin applied, Airtech Cooling Process Pvt. Ltd., Reynold India Private Limited, McQuay Air Conditioning, Ozone Air Solution and many more.
The research report presents a comprehensive assessment of the reciprocating chiller market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The reciprocating chiller market report provides analysis and information according to market segments such as geography, cooling type, cooling capacity, configuration.
The Reciprocating Chiller Market Report Covers Exhaustive Analysis On:
- Market Segments in the Reciprocating Chiller Market
- Market Dynamics of the Reciprocating Chiller Market
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology in the Reciprocating Chiller Market
- Value Chain of the Reciprocating Chiller Market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The reciprocating chiller market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The reciprocating chiller market report also maps the qualitative impact of various market factors on market segments and geographies.
- A Detailed overview of the parent market
- Changing market dynamics in the Reciprocating Chiller market
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Fact.MR offers custom research services that help clients to get specific research solutions