Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global centrifugal chillers market is expected to be driven by uses of centrifugal chillers in HVAC systems. North America, Europe, Middle East and Asia are expected to be key markets. Chillers form part of the central air-conditioning system, and have significant demand in different market segments, both commercial (hotels, hospitals, malls, airports and IT facilities) as well as industrial applications (pharmaceuticals, automobiles, textile, chemical and FMCG). Centrifugal chillers are widely used in North America as the building stock in that region comprises large buildings for a good portion; Europe and Middle East are also significant markets where centrifugal chillers are mainly used for hotels, commercial buildings, industrial plants, university campuses, airports and hospitals. Energy-efficient and environmentally-friendly products are likely to drive market growth.
Centrifugal chillers are reliable vapor compression cycle chillers suited to medium to large scale cooling operations (150 – 6000 tons of refrigeration). These comprise evaporator, compressor, condenser, and expansion device set-up along with additional rotating impellers which compress the refrigerant and carry it around the system.
Leading companies are engaged in developing advanced solutions. For example, in 2021, YORK® YZ Magnetic Bearing Centrifugal Chiller by Johnson Controls won a 2021 CRH Innovation Award at the 2021 China Refrigeration Exhibition at Shanghai New International Expo Center. The company claimed that with its environmentally-friendly and efficient design, the YZ Chiller highlighted the company’s goals to offer sustainable and cutting-edge chiller solutions for its customers. In 2019, Johnson Controls extended the capacity range of its YORK® YZ Magnetic Bearing Centrifugal Chiller to include chillers beyond 1,000 tons (3,516 kW), up to 1,350 tons (4747 kW) of refrigeration. The technology employed in the next generation chillers required 80 percent lesser moving parts than conventional oil or refrigerant-lubricated drivelines. This resulted in improved reliability, decreased maintenance and improved efficiency. Such solutions are expected to boost global centrifugal chillers market growth.
In 2019, Kirloskar Group launched a series of chillers with India’s first oil free magnetic bearing centrifugal compressor centrifugal compressor to take a step towards sustainable development. With technical skill to devise and build compressors employing magnetic levitation technology, Kirloskar Chillers joined a handful of manufacturers across the globe capable of offering this technology. This technology promised to dominate rotating equipment, in general and chillers in particular, over the next few decades.
In 2021, Carrier unveiled its innovative new AquaEdge® 19MV oil-free water-cooled centrifugal chiller devised to deliver dependable performance, enhanced efficiency, easy installation and a broad operating range. The solution, with capacity from 300 to 700 tons (1,055kW – 2,461kW), combined best-in-segment efficiency for design and the capability to function at severe conditions due to unexpected building operation or extreme weather. In 2020, Carrier announced that it had extended its AquaEdge® 19DV water-cooled centrifugal chiller capacity range in North America by 150 tons. With the new capacity range beginning at 350 tons (earlier 500-tons), the 19DV could address customer requirements of smaller applications. Such innovative solutions are expected to contribute to growth of global centrifugal chillers market.
In 2019, Daikin relaunched the DWSC/DWDC range in B vintage, building on the success of its centrifugal compressor water cooled chiller. The next generation water cooled chiller incorporated new features, including a new Inverter drive design, unique to Daikin, and the low GWP R-513A refrigerant version.
In 2017, Haier Central Air-Conditioning launched its magnetic bearing centrifugal chiller unit with the world's largest cooling capacity, 4200RT, at the 28th China Refrigeration Exhibition in Shanghai New International Expo Center. One unit could cool a 100,000-square-meter space.
Key Findings of the Report:
Market Analysis by Type, Application and Region:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.