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Global Centrifugal Chillers Market to be Driven by the Rising Use of Centrifugal Chillers in HVAC Systems in the Forecast Period of 2022-2027

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The new report by Expert Market Research titled, ‘Global Centrifugal Chillers Market Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global centrifugal chillers market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/centrifugal-chillers-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 4.7%

The global market is expected to be driven by the use of centrifugal chillers in HVAC systems. Centrifugal chillers have been quite prominent for cooling capacities over 1000 kW in the HVAC market. Centrifugal chillers are low maintenance, have fewer moving components, and are long-lasting. Centrifugal chillers have a smaller footprint and a higher cooling capacity. Centrifugal chillers are very popular due to these characteristics. They are used for indoor installation or weather protected spaces. Centrifugal chillers are widely used as the building stock in regions that comprise large buildings, such as hotels, commercial buildings, industrial plants, university campuses, airports, and hospitals. Over the forecast period, the requirement for a better price-to-performance ratio is expected to boost the demand for centrifugal chillers in the global market.

Industry Definition and Major Segments

The rotary action of an impeller wheel exerts a radial force on the refrigerant inside a volute in a centrifugal compressor. Centrifugal chillers, unlike reciprocating chillers, are well suited for most applications requiring a significant volume of refrigeration.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/centrifugal-chillers-market

By type, the market is segmented into:

• <500T
• 500-1000T
• 1000-2000T
• >2000T

Based on application, the market is divided into:

• Commercial
• Industrial
• Others

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

Centrifugal chillers supply chilled water for all applications requiring large-scale cooling capability; they are a cost-effective way to cool massive structures. While centrifugal chillers might be costly, they typically have customised configurations and nearly always provide a return on investment over time. The fast-paced urbanisation is one of the key factors fuelling the sales of centrifugal chillers. These factors are aiding the growth of the overall market. Players are investing heavily in R&D, experimenting with various technological integrations to improve the price-to-performance ratio of centrifugal chillers. Oil-free magnetic bearing technology combined with high-efficiency heat exchangers is expected to achieve widespread application in centrifugal chillers in the coming years. Centrifugal chillers are expected to develop significantly throughout the forecast period due to their numerous advantages over other varieties.

Key Market Players

The major players in the market are Johnson Controls International plc, Carrier Global Corporation, Daikin Industries Ltd, Haier Group, and Trane Technologies Company, LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Irene Garcia, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

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