Chillers Market Growth Opportunities, Product Scope, and Revenue Estimation by 2028
A chiller is a refrigeration system that is generally used in the industrial sector for reducing the temperature of equipment or machinery in order to dehumidify and cool the industrial space. It has become an essential Heating, Ventilation, and Air Conditioning (HVAC) component for all manufacturing plants, hospitals, hotels, restaurants, and others. Industrial chiller plays a vital role in temperature regulation in numerous industrial operation such as metal plating, food processing, injection molding, oil field production, and so on. It provides air conditioning by reducing the unnecessary heat from industrial and commercial building. The global chillers market size was $10.05 billion in 2019 and is expected to reach $12.67 billion by 2028, registering a CAGR of 3.7% from 2021 to 2028. Working Principle: An industrial chiller follows the principle of vapor absorption. It consists of power panels, evaporators, compressor, condenser, expansion unit, and control unit. A vapo...