Global Industrial Chillers Market to Grow at a CAGR of 3.8% by 2021: Increase in Demand for Frozen Foods

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07 Sep, 2017, 11:57 GMT

DUBLIN, September 7, 2017 /PRNewswire/ --

The "Global Industrial Chillers Market 2017-2021" report has been added to Research and Markets' offering.

The global industrial chillers market is forecast to grow at a CAGR of 3.8% during the period 2017-2021.

The report, Global Industrial Chillers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is IoT-enabled chillers. Building Automation Systems (BAS) play a key role in the industrial chiller market. These BAS control and monitor the HVAC equipment installed in buildings. BAS are embedded with digital communication tools systems, which allow them to enhance the energy efficiency of these systems. Due to such advances in technology, various industrial and commercial buildings are using the Internet of Things (IoT) to improve the efficiency of their HVAC systems.

According to the report, one driver in the market is increase in demand for frozen foods. The frozen food market is rapidly growing due to the availability of products throughout the year, which means that they are not limited by seasonal availability. There is a significant rise in the demand for frozen foods due to changes in consumer behavior as well as demographic shifts. Due to the lack of time, many consumers prefer to buy processed fruits and vegetables for their daily consumption. The changes in eating habits and health consciousness have significantly triggered the demand for processed foods.

Further, the report states that one challenge in the market is intense market competition. The presence of many regional and international players increases the competition in the industrial chillers market. Most of the major players are threatened due to the presence of local players as the latter offer lower-cost products and components. Some of the vendors in APAC even sell parts and components at subsidized rates, which affects the sales of the high-quality premium products manufactured by major players. This affects the pricing strategy, R&D investments, and brand image of established international players.

Key vendors

  • Carrier
  • Daikin Industries
  • Ingersoll Rand
  • Johnson Controls
  • Mitsubishi Electric

Other prominent vendors

  • Airedale Cooling Services
  • Blue Star
  • Fujitsu General
  • Haier
  • Others

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By End-User

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/n5nvdg/global_industrial

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