Reciprocating Chiller Market Strategies and Forecasts, 2019 to 2029
Posted by Arslan on October 28th, 2019
In the past several years, the industrial refrigeration industry has observed noteworthy developments. Reciprocating, and to a lesser extent, scroll process chillers are the heart of most central systems for medium-sized buildings. Reciprocating chillers consist of one or more reciprocating compressor assemblies. Due to rapid economic development, coupled with growing chemical, construction, and food sectors, the necessity for industrial refrigeration is also growing, which is foreseen to create increased demand for Reciprocating Chiller Market. However, owing to the stepped part load capacity and low energy efficiency of these reciprocating chillers, their adoption is less as compared to other chillers. Owing to the numerous limitations of reciprocating chillers as compared to other different types of chillers, a slower adoption rate is expected in the global market over the forecast period.
Global Reciprocating Chiller Market – Market Dynamics
Many prominent players in the global chiller industry are focusing on achieving better efficiency and lower initial cost. However, owing to intermittent output, high maintenance cost, and high power consumption, reciprocating chillers are on the verge of becoming obsolete. The low initial cost of reciprocating chillers for small capacity requirements is one of the prominent factors for the current demand in the global reciprocating chiller market. As compares to other centrifugal and rotary chillers, reciprocating chillers have more moving parts, resulting in the increased need for wear-related maintenance. As compared to other chillers, reciprocating chillers are not well-suited for the requirement of more than 200 tons, owing to the multiple factors. As per the pointers mentioned above, the global market for reciprocating chillers is anticipated to witness slow growth over the forecast duration.
Global Reciprocating Chiller Market – Regional Analysis
The requirement for achieving the precise temperature for cooling applications is increasing, which, as a result, is creating the demand for reciprocating chillers, globally. The global market for reciprocating chillers has been analyzed by seven economies: North America, Europe, Middle East & Africa (MEA), Asia, Oceania, and Latin America. The Asia reciprocating chiller market is further divided into East Asia & South Asia. Collectively, East & South Asia is anticipated to witness significant growth in the global reciprocating chiller market. China leads the reciprocating chiller market in East Asia, owing to rapid industrialization in the country. In South Asia, India appears to be an emerging country, and is foreseen to auger well in reciprocating chiller market in the region. North America is anticipated to grow at a stable CAGR in the global reciprocating chiller market. Product innovation with the integration of the technology and features, along with a better price to performance ratio could be considered as a fueling factor that could bolster the demand for reciprocating chillers in near future.
Global Reciprocating Chiller Market – Key Segments
The global market for reciprocating chillers can be divided into cooling type, cooling capacity, configuration, and region. On the basis of cooling type, the global market for reciprocating chillers is classified as air-cooled chillers and water-cooled chillers. Water-cooled reciprocating chillers are usually used for higher cooling capacity applications. These reciprocating chillers come in different capacities, from 150 - 200 tones and larger incremental steps such as 20, 25, 30, etc. A reciprocating chiller is usually configured in three ways - hermetic, semi-hermetic, and direct driver versions. Hermetic sealed units are the most common reciprocating chiller configuration for small capacity requirements. Many reciprocating chiller manufacturers provide customized cooling solutions with desired customer requirements.
Reciprocating Chiller Market – Key Manufacturers
The global market for reciprocating chillers appears to be fragmented, and includes plenty of players across the globe. In order to have a sturdy foothold in the market, reciprocating chiller manufacturers are employing different technological integrations in order to optimize the price to performance ratio. Some of the prominent players operating in the global reciprocating chiller market are Carrier Corporation, Daikin applied, Airtech Cooling Process Pvt. Ltd., Reynold India Private Limited, McQuay Air Conditioning, Ozone Air Solution and many more.
The research report presents a comprehensive assessment of the reciprocating chiller market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The reciprocating chiller market report provides analysis and information according to market segments such as geography, cooling type, cooling capacity, configuration.
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About the AuthorArslan
Joined: December 18th, 2017
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