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From GlobeNewswire: 2024-10-11 02:51:00

Allied Market Research published a report on the Industrial Air Chiller Market, projecting a value of $7.2 billion by 2031 with a CAGR of 4.3% from 2022. Growth drivers include urbanization, construction activities, and technological advancements in security solutions. The pharmaceutical industry is a major user due to precise temperature control needs.

Stationary chillers dominate the market due to their use in fixed operations with heavy-duty cooling demands. Screw-driven chillers lead in market share for their efficiency and reliability in various industrial applications. Asia-Pacific is the largest regional market, driven by rapid industrialization and infrastructure development.

Players in the market include Airedale International, Carrier Global, and Daikin Industries. Strategies like new product launches and collaborations help maintain key players’ market share. Recent developments include Blue Star opening a new testing facility and Carrier global launching a process cooling chiller with ultra-low GWP refrigerant.

Allied Market Research provides business insights and consulting services for sustainable growth in market domains. The company’s CEO, Pawan Kumar, ensures data accuracy and quality in market forecasting reports. The market research firm offers “Market Research Reports” and “Business Intelligence Solutions” to global enterprises and businesses of all sizes.



Read more at GlobeNewswire: Global Industrial Air Chiller Market to Reach $7.2 Billion,