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Centrifugal Chiller Refrigerant Market Share
These prominent companies are proactively involved in strategic endeavors including mergers & acquisitions, facility expansion, and partnerships to diversify their product offerings, expand their customer reach, and solidify their market position. Together, the top five mentioned companies collectively occupied around 5% to 10% of the global market share in 2023. They consistently allocate resources to research & development, enhancing their products and integrating innovative technologies to maintain a competitive edge.
Centrifugal Chiller Refrigerant Market Companies
Major players operating in the centrifugal chiller refrigerant industry include:
- Arkema SA
- Broad Air Conditioning
- Carrier Corporation
- Daikin Industries, Ltd.
- Drake Refrigeration, Inc
- Honeywell International, Inc.
- Hudson Technologies
- Johnson Controls
- Mitsubishi Electric Corporation
- Orbia
- Sinochem Group
- The Chemours Company
- The Linde Group
- Toshiba Corporation
- Trane
How big is the centrifugal chiller refrigerant market?
The market size of centrifugal chiller refrigerant was reached USD 4.14 billion in 2023 and is projected to expand at 5% CAGR from 2024 to 2032, owing to the growing demand for energy efficient chillers in commercial and residential buildings.
Why is the demand for standard centrifugal chiller refrigerants on the rise?
The standard refrigerants segment in the centrifugal chiller refrigerant market accounted for over USD 1.98 billion in 2023, due to their compliance with current regulations and standards set by organizations like the Environmental Protection Agency (EPA) and international agreements like the Montreal Protocol.
Who are the leading centrifugal chiller refrigerant market players?
Arkema SA, Broad Air Conditioning, Carrier Corporation, Daikin Industries, Ltd., Drake Refrigeration, Inc, Honeywell International, Inc., Hudson Technologies, Johnson Controls, Mitsubishi Electric Corporation, Orbia, Sinochem Group, The Chemours Company, The Linde Group, Toshiba Corporation, and Trane are some of the leading centrifugal chiller refrigerant companies worldwide.
Why are centrifugal chiller refrigerants popular in Asia Pacific?
Asia Pacific centrifugal chiller refrigerant market crossed USD 1.46 million in 2023 and is projected to expand at significant rate between 2024 and 2032, due to the presence of large industrial base sectors like healthcare, semiconductor, chemical, food & beverage industry, electronics, automotive, and oil & gas.