Market Overview
Global scroll chiller market size is estimated to be USD 2.9624 billion in 2022. The market is projected to touch USD 3.808 billion by 2030, exhibiting a CAGR of 3.2% during the forecast period.
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The market study includes an in-depth an analysis of imports and exports, an analysis of prices, an analysis of production and sales, and a pestle analysis.The best way for scroll chillers to cool things down is through the gas compression cycle. The scroll in the name of a scroll chiller refers to the type of motor that the chiller uses. a famous name for spiral compressors or scroll pumps.
In a scroll chiller system, the fluid is compressed by two scrolls that are stacked on top of each other. One scroll is inside the other. This machine, which is also called a "scroll cooler," is used in many ways to cool and prepare things.
Businesses and factories use a wide range of energy sources to heat, cool, and ventilate their buildings. Coolers gave them about half of the energy they could use. Demand for energy-efficient equipment like scroll chillers and absorption chillers, to name a couple, has made it necessary to have efficient chiller equipment.
Scroll chillers are small because they are usually used in systems that are not as big. Because of this, scroll chillers make a big difference in the demand for both indoor and outdoor space in small homes and businesses.
Market Dynamics
Trends: Scroll chillers are used in production units in many different industries, like those that deal with chemicals, plastics, and printing, to save money on energy, upkeep, and other costs. If these industries use scroll chillers in their production methods, they can cut the amount of energy they use by 12–15%.
Outside of the commercial sector, these scroll chillers are well-known and helpful for small homes and businesses because they save energy. As more and more small companies try to use less refrigerants with high ozone depletion potential, they are taking care of their preference for scroll chillers. (ODP).
Scroll chillers are easy to install and take care of, and they can be changed to fit a wide range of sound, mechanical, and energy needs. Because of this, it is used a lot in places with sensitive sound systems, such as hospitals and schools. Scroll chillers are being used more and more because of rising electricity costs and power outages.
Drivers: Solar-powered absorption chillers are becoming more popular
There has been a recent rise in demand for equipment that doesn't need electricity from many end-use areas where primary sources could be used more efficiently. So, solar-powered absorption chillers have gained a lot of popularity in the market for big chilling jobs. In the summer, less electricity is needed because these chillers are so good at cooling while using less energy. So, it is expected that the industry will grow quickly. For the 2022 World Cup, which will be held in Doha, Qatar, a CLFR solar collector field has been built to power a 1MW absorption chiller. This chiller will cool a 500-seat football stadium that will be used as a showpiece.
growing the use of motors and turbines
A device for air conditioning is needed to make sure that engines and turbines run well. The best temperature for a rotor to work well is around 1500°C. But keeping this temperature is hard, especially in the Asia-Pacific and the Middle East, where the average daily temperature is higher than 2500C. So, absorption chillers are often used to keep heat from escaping from engines. They can also be used to cool down power with cheap fuel. Because of this, the market is likely to grow in the near future as the demand for effective heat rates and the number of turbines rises.
As people learn more about how important it is to save energy, the market for scroll and absorption chillers will also grow. The value of the market will also go up because energy prices are going up and there isn't enough of it.
Restraints/ Challenges:
Absorption chillers cost more to install than traditional electric and mechanical chillers, so it takes longer for them to pay for themselves. The rise of the market in the near future will be limited by the fact that absorption chillers cost more to run than traditional chillers. End users are required to sign a contract with the chiller makers to make sure that the equipment works. Local suppliers of tools and building staff are also well-trained in how to take care of absorption chillers. It is expected that the market will not grow as much if running and upkeep costs are so high.
On the other hand, the lack of skilled workers will make it hard for scroll and absorption chillers to grow in the market. During the time from 2022 to 2029, when the market is expected to grow, competition from the centrifugal chiller sector will also slow down the rate of growth.
This scroll and absorption chillers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To learn more about the scroll and absorption chiller market, you can get an Analyst Brief from Data Bridge Market Research. Our staff will help you decide how to grow your market in a smart way.
Opportunities: Rising heat loss and high costs to run a ship
Huge ships waste a lot of heat when they're running, which drives up costs and hurts the earth because they release carbon dioxide. On the other hand, the waste heat could be used to power an absorption chiller, which would cool the barrels. So, people in the market should expect that research and development in absorption chillers used in maritime applications will lead to big growth chances in the near future. Between 2022 and 2029, this is likely to lead to more new business possibilities.
Also, more strategic partnerships and the opening of new markets will serve as market drivers and make it more likely that the growth rate of the market will be positive. In the coming years, there will also be new market possibilities because of changes in technology and the growth of new markets.
Major Market Segments Covered
On the basis of Application
Industrial
The market for this application includes adhesives, construction materials, pulp & paper, metal processing equipment (MPM), and food processing equipment (FPE). These applications are expected to account for a significant share in total demand over the forecast period owing to the increasing use of scroll water chillers in various industries such as automotive manufacturing, pharmaceuticals, chemicals production, etc. This trend can be attributed to the high energy efficiency that these units offer compared with other types of chillers available in the market. Industrial coolant also has advantages like low maintenance costs and fewer failure rates than earlier generations of refrigeration systems designed solely for cooling purposes.
Commercial
There are several uses of Commercial in the Global Scroll Water Chiller Market. Some of the key applications covered under this section include air conditioning, industrial process cooling, and refrigeration. Intending to provide an insight into application-wise demand for scroll water chillers over the forecast period, it is essential to have a look at the demand for each application.
Regional insights
Geographically, the global scroll chiller market has been analyzed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
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North America is the largest manufacture region with about 29% market share.The countries covered in the scroll and absorption chillers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Over the past few years, China and other Asian countries like ASEAN, India, and Korea have dominated the sales of scroll chillers. The growth of nuclear, solar, and geothermal power plants is the main reason why sales of scroll chillers are going up.
Rising heating, ventilation, and cooling (HVAC) needs in commercial and industrial settings in North America and Western Europe create a large market space for energy-efficient sources. This, in turn, drives the demand for scroll chillers in these regions. Vertical markets for low-volume businesses are growing quickly and are expected to take off soon in LA, MEA, and EE.
Scope of Report
Report Attribute |
Details |
Study Period |
2017-2030
|
Base Year |
2022
|
Estimated year |
2023
|
Forecast period |
2023-2030
|
Historic Period |
2017-2022
|
Units |
Value (USD Billion)
|
Growth Rate |
CAGR of 3.2% from 2022 to 2030 |
By Type
|
- Water-Cooled Scroll Chillers
- Air-Cooled Scroll Chillers
|
By Capacity
|
- <100KW
- 101KW-300KW
- 301 KW-700 KW
- >700KW
|
By Application
|
- Residential
- Industrial
- Infrastructure
- Commercial
|
By Companies |
- Johnson Controls
- Mammoth
- Trane
- Daikin
- Dunham-Bush
- Carrier
- Airedale
- Hitachi Appliances
- Mitsubishi Electric
- Bosch
- Kuen Ling
- TICA
- LG
- Midea
- Blue Star
- Motivair
- Ingersoll-Rand plc
- Gree
- Danfoss A/S
- Voltas and others.
|
Regional Scope |
- North America
- Europe
- Asia-Pacific
- The Middle East & Africa
- Latin America
|
Reasons to Purchase this Report and Customization Scope |
- 6-month post-sale analyst assistance.
- 10% Free Customization and 15 Company Profiles in addition to the ones specified
|
key vendor
- Johnson Controls
- Mammoth
- Trane
- Daikin
- Dunham-Bush
- Carrier
- Airedale
- Hitachi Appliances
- Mitsubishi Electric
- Bosch
- Kuen Ling
- TICA
- LG
- Midea
- Blue Star
- Motivair
- Ingersoll-Rand plc
- Gree
- Danfoss A/S
- Voltas and others.
Johnson Controls is an American company that works in the automotive, building, and energy storage fields to provide products, services, and solutions. In its York product line, the business sells both scroll and absorption chillers.
Danfoss A/S is a company based in Denmark that makes products and solutions for the construction, food and beverage, and refrigeration businesses. As part of its Danfoss Turbocor Compressors line, the business sells scroll and absorption chillers. It makes scroll compressors that are sold under the brand name Danfoss Turbocor. The company has factories, sales offices, and service centers in many different parts of the world, including Europe, Asia, the Americas, the Middle East, and Africa.
Ingersoll-Rand plc is a business based in Ireland that sells industrial and business goods. In its Trane product line, the business sells both scroll and absorption chillers. It makes scroll fans that are sold under the brand name Trane. The company has factories, sales offices, and service centers in many different parts of the world, including Asia, Europe, the Americas, the Middle East, and Africa.
Trane has become known as a successful business because of the Trane Scroll Chiller it makes. The offered scroll chiller is made with high-quality parts and cutting-edge technology that meet industry standards. The scroll chiller we offer is available in different sizes and specifications to meet the needs of their customers. It is made to provide chilled water in extreme tropical weather while keeping the energy and efficiency.
Blue Star is India's biggest central air conditioning business. For more than 60 years, they have been providing expert cooling solutions. It has been making many different kinds of chillers, including scroll, screw, and centrifugal chillers. Blue Star uses this knowledge to make a wide range of air-cooled and water-cooled scroll chillers that can use R22, R407c, or R410a as a coolant.
These chillers are made at Blue Star's own ISO 9001-certified plant. The Air Conditioning, Heating, and Refrigeration Institute has certified the chiller test bench. (AHRI). Blue Star scroll chillers have multiple hermetic scroll compressors and are great for a wide range of uses, such as in medium-sized offices, restaurants, hospitals, industries, etc.
Industry developments
In January 2021, Daikin acquired ABCO HVACR Supply + Solutions "ABCO." This strategy provides a winning platform for Daikin's wide range of equipment, parts, and accessories. In addition to this, it strengthens Daikin's opportunity for collaboration in the local territories among ABCO branches, Daikin group companies, and Daikin's entire regional customer base.
In June 2021, Carrier Corporation acquired china-based HVAC manufacturer Guangdong Giwee Group (Giwee Group) and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. The acquisition aims to expand Carrier Corporation's access to the rapidly growing variable refrigerant flow (VRF) and light commercial market, which is expected to reach approximately USD 20 billion by 2025
Market Segmentation
The global scroll chiller market research report is broken down by type, applications, and region.
On the basis of Type
- Water-Cooled Scroll Chillers
- Air-Cooled Scroll Chillers
On the basis of Capacity
- <100KW
- 101KW-300KW
- 301 KW-700 KW
- >700KW
On the basis of Application
- Residential
- Industrial
- Infrastructure
- Commercial
The global scroll chiller market Regional insights
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Conclusion
The Global Scroll Chiller market report gives a systematic and detailed analysis of the Scroll Chiller market, including trends, segmentation, regional insights, and industrial growth. supported by historical and current information about key players and vendors, as well as all of the above factors and possible future developments, to help clients get important information about revenue, volume, and other things that could help them make business choices. By end-use industry, the chillers market is divided into food and drinks, plastics, chemicals and petrochemicals, medical and pharmaceutical, rubber, laser cutting, printing, alternative energy, and others. Get a quick look at how the Scroll Chiller market has changed over the past 5 years, including mergers and acquisitions, deals, partnerships, and new product launches by the most important businesses.Estimate the gaps between supply and demand, import-export statistics, and the regulatory environment for the top 20 countries in the world for the market.