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Closed Loop Chillers Market Share

Report ID: GMI12164
Published Date: Nov 2024
Report Format: PDF

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Closed Loop Chillers Market Share

Hitachi Air Conditioning, a subsidiary of Hitachi Ltd., is a key player in the global closed loop chillers market, offering a wide range of advanced HVAC (Heating, Ventilation, and Air Conditioning) solutions. Known for its energy-efficient products, Hitachi leverages its technological expertise to provide closed loop chillers that reduce operational costs while maintaining high-performance levels. Hitachi differentiates itself through the integration of advanced features like smart controls and eco-friendly refrigerants, making its products appealing to industries focusing on sustainability.

Honeywell International is a global conglomerate known for its diverse portfolio, including HVAC systems, where it excels in offering innovative closed loop chillers. Honeywell’s chillers stand out due to their focus on energy efficiency, smart technologies, and IoT integration, which allow for remote monitoring and improved operational control. Honeywell sets itself apart in the market with its high-performance products that cater to sectors like pharmaceuticals, data centers, and manufacturing industries requiring precision temperature control.

Closed Loop Chillers Market Companies

Major players operating in the closed loop chillers industry are:

Airedale International Air Conditioning
Blue Star Limited
Bosch Thermotechnology
Carrier Corporation
Danfoss
Daikin Applied
Hitachi Air Conditioning
Honeywell International
Ingersoll Rand
Johnson Controls
Lennox International
LG Electronics
Mitsubishi Electric Corporation
Multistack
Trane Technologies

Authors: Suraj Gujar , Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market for closed-loop chillers was reached USD 4.1 billion in 2023 and is estimated to grow at a 7.6% CAGR from 2024 to 2032, driven by the increasing demand for efficient cooling systems in various industrial applications.

The pharmaceuticals segment is projected to grow at a CAGR of 9.4% through 2032, led by the need for precise temperature control in drug production and research.

The packaged configuration segment is anticipated to surpass USD 3.6 billion by 2032, supported by the growing focus on sustainability and green initiatives.

The U.S. dominated the closed-loop chillers market with a 71.4% share in 2023, propelled by the rapid expansion of data centers, pharmaceutical production, and high-tech manufacturing sectors.

Key players in the closed-loop chillers industry include Airedale International Air Conditioning, Blue Star Limited, Bosch Thermotechnology, Carrier Corporation, Danfoss, Daikin Applied, Hitachi Air Conditioning, Honeywell International, Ingersoll Rand, Johnson Controls, Lennox International, LG Electronics, Mitsubishi Electric Corporation, Multistack, and Trane Technologies.