Global Industrial Refrigeration Chiller Market 2024-2030

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     By extracting heat from the system and transferring it to another location, an industrial chiller is a cooling system used to lower the temperature of equipment, industrial spaces, and process fluids.


    The majority of the time, chilled water or a water/glycol solution is pumped from the chiller to the process in process cooling applications. The warm fluid returns to the chiller after this cool fluid removes heat from the process.


    Heat is transferred from the process to the chiller through the process water. A device that regulates temperature by circulating a liquid, such as water or heat medium used as a cooling liquid whose temperature was altered by the refrigerant cycle, is referred to as a chiller (cooling water circulation device).




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    The Global Industrial Refrigeration Chiller market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.



    Launch of a New Series of Large-Capacity Centrifugal Chillers Using Low-GWP Refrigerant by MHI Thermal Systems A new line of large-capacity centrifugal chillers will be introduced by Mitsubishi Heavy Industries Thermal Systems, Ltd., a division of Mitsubishi Heavy Industries, Ltd. (MHI), using the CFC-free HFO-1234yf refrigerant, which has zero ozone depletion and a GWP below 1.



    The constant-speed JHT-Y and the inverter-equipped JHT-YI are the two models in the series. Both of the new models have capacities between 300 and 5,400 refrigeration tonnes (RT), with the greatest capacity representing an increase of 400 RT over the previously introduced “GART-ZE/ZEI” series.



    The JHT-Y and JHT-YI are the first commercially available centrifugal chillers in Japan with capacities up to 5,400 RT that use a low-GWP refrigerant. MHI Thermal Systems will now provide a full portfolio of low-GWP refrigerant models in variations ranging from 150 to 5,400 RT, in addition to the “ETI-Z” series of centrifugal chillers in the small-to-medium capacity range introduced. 



    Additionally, a brand-new type of compressor is used in the new series. Expanding the number of models makes it possible to choose the best compressor to match the chiller’s output and achieve great performance over a wide capacity range.


    The constant-speed variant, which continues to offer one of the best levels of energy efficiency and compact dimensions, has a rating COP of 6.9. The newest microcomputer operating panel allows for the supremely precise control of the new series of chillers, and both the constant-speed and inverter models may adapt to a variety of applications, including low-temperature, heat-pump, and heat-recovery requirements.


    The HFO-1234yf refrigerant, which is also used in vending machines and automobile air conditioners, has the same atmospheric greenhouse effect as natural refrigerants and has no ozone depletion potential (ODP).


    The HFO-1234yf is exempt from Japan’s Revised Fluorocarbons Recovery and Destruction Law since it does not emit any dangerous gases into the atmosphere, it does not need to be captured after use, and it does not degrade.


    As opposed to equipment that uses high-GWP refrigerants, such as HFC-134a, which was widely used prior to the implementation of the revised legislation, these systems have a significant negative impact on global warming, and as a result, laws now call for reductions in both their production and usage volumes.






    1. How many Industrial Refrigeration Chillers are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Industrial Refrigeration Chiller and key vendor selection criteria
    3. Where is the Industrial Refrigeration Chiller manufactured? What is the average margin per unit?
    4. Market share of Global Industrial Refrigeration Chiller market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Industrial Refrigeration Chiller in-house
    6. key predictions for next 5 years in Global Industrial Refrigeration Chiller  market
    7. Average B-2-B Industrial Refrigeration Chiller market price in all segments
    8. Latest trends in Industrial Refrigeration Chiller market, by every market segment
    9. The market size (both volume and value) of the Industrial Refrigeration Chiller  market in 2024-2030 and every year in between?
    10. Production breakup of Industrial Refrigeration Chiller market, by suppliers and their OEM relationship


    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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