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Centrifugal Chiller System Market Segmented By Single Compressor and Dual Compressor with product type such as Magnetic Bearing Centrifugal Chiller, Conventional Centrifugal Chiller and Oil-Free Centrifugal Chiller
A centrifugal chiller system plays a vital role in commercial and industrial cooling and refrigeration systems. Centrifugal chiller system helps in maintaining a persistent temperature to support industrial institutions and also supplies chilled water for various end use industries such as food processing, automotive, commercial buildings, etc.
Centrifugal chiller system is used to cool large commercial buildings. A centrifugal chiller system uses vapor compression cycle to cool water and it rejects the heat which is collected from the cold water and from the cooling tower. Most of the centrifugal chiller systems use either hermetic induction motors or open-drive to drive the compressors.
A centrifugal chiller system comprises of various components such as evaporator, compressor, condenser and expansion device, among others. Nowadays, centrifugal chiller system comes with employ PID (proportional-integral-derivative) and DDC based loops for stable control. Some of the manufactures in market are using dual compressor, by applying two compressors on a common refrigeration cycle, to significantly improve the part load efficiency of a centrifugal chiller system.
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The need for cold water in cooling equipment and process machinery in these industries is estimated to drive demand for the centrifugal chiller system globally. Growing number of power plants, one of the prime consumers of centrifugal chiller systems, in various regions is estimated to drive demand in the coming years.
Growing medical and school facilities in metropolitan cities is also expected to drive the demand for centrifugal chiller systems. Key manufactures in the centrifugal chiller system market are focusing on product innovation according to growing customer demand.
For instance, manufactures are developing oil-free centrifugal chiller systems as customers are preferring products with better efficiency and low operating costs. In compressor type, the dual compressor centrifugal chiller system is widely used in various end use industries such as, food processing and commercial buildings, as they are more efficient and has less operating costs as compared to single compressor centrifugal chiller system.
In developing countries, governments are significantly investing on the development of infrastructure in industrial sector, which is expected to drive the demand for centrifugal chiller system market. Presence of other substitute products like absorption chiller, air-cooled screw chiller and modular chiller, is expected to hamper the demand for centrifugal chiller system.
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Europe is projected to have protuberant market share given the high number of food & beverage and medical industries in the region. Asia Pacific is estimated to hold a prominent share in the centrifugal chiller system market due to substantial growth in the automotive industry in countries like India, Japan and China.
Growing number of power plants across China, India and South Korea is likely to drive the demand for the centrifugal chiller market. North America is expected to register considerable growth in centrifugal chiller system market because of the well-established commercial, power generation and food processing industries in the region. Middle East & Africa centrifugal chiller system market is expected to witness a slow growth as compared to other regions.
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“The research report on centrifugal chiller system market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The centrifugal chiller system market report also contains projections using a suitable set of assumptions and methodologies.
The research report on centrifugal chiller system market provides analysis and information according to market segments such as compressor type, product type, technology and end-use industry.
The centrifugal chiller system market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The centrifugal chiller system market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The centrifugal chiller system market report also maps the qualitative impact of various market factors on market segments and geographies.
