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Chiller Control Panel Market Share
The global market is fragmented, with prominent players, such as Carrier Global Corporation, Johnson Controls International plc, Trane Technologies plc, Daikin Industries, Ltd., Schneider Electric SE holding a market share of 25-30%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.
Chiller Control Panel Market Companies
Major players operating in the chiller control panel industry include:
- Carel Industries S.p.A.
- Carrier Global Corporation
- Chillitron Controls Pvt. Ltd.
- Daikin Industries Ltd.
- Danfoss A/S
- Delta Electronics, Inc.
- Emerson Electric Co.
- Honeywell International Inc.
- Ingersoll Rand Inc.
- Johnson Controls International plc
- Lennox International Inc.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Trane Technologies plc
Why is the use of standard chiller control panels rising?
The standard segment in the chiller control panel market is expected to reach USD 1.5 billion by 2032, due to their balance of functionality and affordability.
How big is the chiller control panel market?
The market size of chiller control panel was reached USD 1.2 billion in 2023 and is anticipated to register 5% CAGR between 2024 and 2032, driven by technological advancements and the increasing infrastructural development.
How big is the Asia Pacific chiller control panel industry?
Asia Pacific chiller control panel market is likely to exceed USD 670 million by 2032, owing to the rising energy costs and increasing environmental awareness.
Who are the major lead chiller control panel industry players?
Carel Industries S.p.A., Carrier Global Corporation, Chillitron Controls Pvt. Ltd., Daikin Industries Ltd., Danfoss A/S, Delta Electronics, Inc., Emerson Electric Co., Honeywell International Inc., and Ingersoll Rand Inc., among others.