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Reciprocating Chiller Market

Reciprocating Chiller Market

Reciprocating Chiller Market Growth to Rising Need for Industrial Refrigeration during 2021-2031

Reciprocating Chiller Market

Market Snapshot

According to Fact.MR- a market research and competitive intelligence firm- global demand for reciprocating chillers is anticipated to witness significant growth in 2021.

As the COVID-19-induced slowdown fades, the reciprocating chiller industry's momentum will recover, as manufacturers emerge from a prolonged recession.

Historical data from 2016 to 2020 and estimates for 2021 to 2031 are included in the reciprocating chiller industry study report.

Key Developments by Reciprocating Chillers Manufacturers

SASG's reciprocating chillers feature a sturdy design, excellent efficiency, and exceptional reliability. It is corrosion-free and leak-proof, and it may be used in any industrial application.

These air cooled reciprocating chillers consist of an ozone air solution which is totally automatic and suitable for process temperatures ranging from +20 to -40 degrees Celsius.

These chillers are made with top-of-the-line heat exchangers and refrigerant control devices. These machines are built using CFC-free refrigerants (R-407c / 404a). These are environment-friendly very stable and operation friendly.

Likewise, Gracepower's air-cooled reciprocating chillers are designed to induce cooling for hot and humid climates. International standards are followed in the design, manufacture, and testing of these products.

These machines are simple to set up and operate, and they're backed by a capable engineering team to ensure that customer gets the most out of them while they're in use.

These are from Europe that is the most efficient and reliable. R-134a is an environmentally beneficial, energy-efficient, and easy-to-use refrigerant.

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Reciprocating Chillers Industry Overview

In the past several years, the industrial refrigeration industry has observed noteworthy developments.

Reciprocating, and to a lesser extent, scroll process chillers are at 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 compared to other chillers.

Owing to the numerous limitations of reciprocating chillers as compared to other types of chillers, a slower adoption rate is expected in the global market over the forecast period.

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.

In comparison to other rotary and centrifugal chillers, reciprocating chillers have more moving parts, resulting in the increased need for wear-related maintenance.

Reciprocating chillers are not well-suited for the requirement of more than 200 tons, owing to multiple factors.

As per the pointers mentioned above, the global market for reciprocating chillers is anticipated to witness slow growth over the forecast duration.

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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 across seven regions: North America, Europe, Middle East & Africa (MEA), Asia, Oceania, and Latin America.

The Asian reciprocating chiller market is further divided into East Asia & South Asia. Collectively, East & South Asia are anticipated to witness significant growth across the forecast period.

China leads the reciprocating chiller market in East Asia, owing to rapid industrialization.

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 steady CAGR in the global reciprocating chiller market.

Product innovations with enhanced technological integration, along with a better price to performance ratio could be considered as a fueling factor bolstering the demand for reciprocating chillers in the near future.

Key Manufacturers of Reciprocating Chillers

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.

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

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 and configuration.

An Adaptive Approach to Modern-day Research Needs

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.

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Report Highlights:

  • 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

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.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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