Process Chillers Market: Development of Advanced Compressor Systems to Bolster Growth

Posted on 2019-07-03 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-03 — /EPR Network/ — A recently released report by Fact.MR provides detailed insights into the process chillers market. All the factors influencing the growth of the process chillers market have been analyzed in the report. Both qualitative, as well as quantitative analysis of the identified factors, have been included in the report. In addition to this, the report provides a comprehensive assessment of all the macro and microeconomic factors impacting process chillers market performance. An opportunity analysis of the process chillers market has also been included in the report. Furthermore, a competitive landscape assessment of the process chillers market has also been included towards the end of the
report.

According to a recent report by Fact.MR, the process chillers market is poised to register a steady growth during the 2018-2027 period with global sales surpassing 130,000 units in 2019. A combination of multi-pronged factors such as the burgeoning demand for food, energy, medicine and health products, construction material, and chemicals are contributing significantly to the process chillers market growth.

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Development of Advanced Compressor Systems to Bolster Market Growth

Highlighting the innovations in the process chillers market, the report opines that production of advanced compressors is aiding in enhancing the efficiency of process chillers. Compressors play a key role in enabling end-users to alter the pressure of the refrigerant to obtain the desired temperature in a room and hence plays a vital role in the determination of the efficiency of process chillers. For instance, Danfoss launched a new compressor named Tubocor which leverages magnetic bearing and variable speed technology to offer efficient cooling while significantly reducing CO2 emissions. Additionally, the company claims the product offers high efficiency, produces lower noise, and reduces the overall operating costs.

Driving Process Chillers Market Proliferation?

Energy efficiency is gradually gaining priority in the process chillers market with the introduction of corporate average fuel economy norms for industries. Manufacturers are focusing on the production of novel process chillers which offer maximum efficiency at low power consumption. Additionally, players operating in the process chillers market are focusing on substantially reducing greenhouse gas emissions from chillers to comply with stringent governmental regulations on environmental safety.
The demand for process chillers is likely to surge with the construction of data centers around the world on the rise. Demand for the creation of new data centers can be attributed to the widespread adoption of cloud computing services in addition to intensifying utilization of sophisticated shared computing processors for data analytics.
A gradual shift towards the replacement of conventional refrigerants with ammonia and carbon dioxide is a key trend prevalent in the process chillers market. The imposition of government regulations such as the F-Gas regulation, DIN EN 378, and ErP Directive are prompting manufacturers to make a shift to ammonia and carbon dioxide owing to their superior energy efficiency and relatively lower global warming potential (GWP) values.

Leading players operating in the process chillers market include Johnson Controls International plc, Blue Star Ltd., and Thermonics Corporation. Some of the other players operating in the process chillers market are Drake Refrigeration Inc., MTA USA, Cooling Technology Inc., Aqua Cooling Solutions Ltd., Pfannenberg, Inc., Advantage Engineering Inc., and Motivair Corporation

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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