(MENAFNEditorial) iCrowdNewswire - Nov 20, 2017
research and analysis focus on rising market drifts to assist businesses find market opportunities and develop effective ways to optimise their market positions. Report contains complete coverage, intensive analysis, and actionable market insights to spot opportunities in existing and potential markets. Report can be used by both established as well as new entrants to live competitive positions in dynamic market situations. Industry experts project HVAC Chillers market to grow at a CAGR of 2.9% during the period 2017-2021.
HVAC chillers help in cooling the commercial establishments. They use either a vapor compression or absorption cycle. Absorption, reciprocating, screw, scroll, and centrifugal are the different types of chillers. Vapor-compressor chillers use hydrochlorofluorocarbons (HCFC) or chlorofluorocarbons (CFC) as refrigerants, which is sent from a compressor to a condenser unit. This transfer allows the gas to condense into a liquid, which is then sent to a metering device. The warm gas is then sent back to the compressor to start the process over again, while the chilled water is used for cooling.
Firstly, the HVAC Chillers market research report provides a basic overview of the industry including definitions, market status and industry chain structure. The HVAC Chillers market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status. What's more, the HVAC Chillers industry development trends and growth patterns are analyzed.
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HVAC Chillers market potential is analysed for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, demand and present scenarios in HVAC Chillers industry. To determine the HVAC Chillers market size the report considers detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Further the HVAC Chillers market report focuses on global major leading industry players with information. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in HVAC Chillers market space like Daikin Industries, Johnson Controls, Carrier, Ingersoll-Rand, BluChill and many more.
HVAC Chillers Market Drivers, Challenges and Trends: –
HVAC Chillers Market Driver: – one driver in market is growing district cooling demand. Emerging countries in MEA and Asia have experienced increased demand for district cooling. District cooling is replacing the traditional air cooling methods because of increased advantages like energy-saving, low environmental damage, and reduced maintenance needs. It uses 40%-50% less energy compared with traditional cooling methods, which can save more than 70% of the electricity cost. The increasing tourism market in nations of MEA and Asia has enhanced the construction of hotels and public infrastructure, which make extensive use of district cooling. HVAC chillers are one of the major facilities of district cooling. An increase in the district cooling market will fuel the HVAC chillers market.
HVAC Chillers Market Challenge: – one challenge in market is environmental regulations and guidelines. The demand for global energy efficiency has encouraged governments worldwide to set regulations and develop energy-efficient and sustainable HVAC systems. Many Chinese vendors that offer low-cost counterfeit products are unable to comply with these regulations. Thus, the Chinese government is striving to amend the country's energy use policies related to HVAC chillers. The growing concern about limiting emissions, adverse environmental conditions, and reducing costs have affected the global HVAC chillers market. The rising concern about emission by HVAC chillers has prompted the US government to set policies that can ensure energy efficiency of these systems. Montreal Protocol imposes reduced emission of CFC for reduced depletion of ozone layer.
HVAC Chillers Market trend: – One trend in market is growing number of data centers.Data centers are highly networked computer servers that store a large amount of data. The number of data centers has seen a substantial increase in the last few years and is expected to rise in the future. Increased dependency on the Internet and social media along with the advances in technology has led to increase in the number of data centers. The content of corporate data has changed. Earlier, most of the businesses monitored their data, which currently depend on a hosted environment. Urbanization, industrial development, and mechanization have led to increased need for creating business models, improve products, and maintain a healthy relationship with customers. The need for such complex operations requires a platform that is dependable and operates with speed and flexibility. We expect companies to stop using their databases and entirely depend on an outside platform by the end of forecast period
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Market segmentation by product type:- HVAC chillers market by screw chillers segment, HVAC chillers market by centrifugal chillers segment, HVAC chillers market by scroll chillers segment ; Geographic Segmentation: – Americas, APAC, Europe, ROW
The objective of this HVAC Chillers market research report is: –
- To provide actionable intelligence alongside the market size of various segments.
- To detail major factors influencing the market (drivers, opportunities, industry specific challenges, and other critical issues).
- To determine the geographic breakdown of the market in terms of detailed analysis and impact.
- To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
- To track the competitive landscape of the market.
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