Scroll Chiller Market: The Market Size For Commercial Buildings Application Is Expected To Grow At a Healthy Rate During The Forecast Period by 2021

The global scroll chiller market is segmented based on product type, application and geography. In various cooling processes and air conditioning applications a mechanical equipment scroll and absorption chiller is used. The energy in the industrial and commercial applications is used for heating, cooling, and ventilation; of which the chillers consume half of the available energy. Thus, there came the requirement of energy-efficient chiller products owing to the growing awareness regarding conservation of energy.

Industries such as printing, chemicals and plastic are considering the use of scroll and absorption chillers to lower their electric energy use, maintenance cost and so on. By using appropriate scroll and absorption chillers, around 12 to 15% of electricity could be reduced in residential and commercial complexes. The usage of scroll chillers has increased in low capacity commercial verticals thus driving the demand of the market.

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Based on product type, the scroll chiller market is segmented into water-cooled scroll chillers, air-cooled scroll chillers and so on. On the basis of application, the scroll chiller market is segmented into commercial, industrial, institutions and commercial buildings and so on.

The market size for scroll chiller was led by the “hospital” segment in 2015; thanks to the growing medical & pharmaceutical industry in the region and the increased investments on the part of government in the healthcare sector. The market size for the institutions and commercial buildings application is expected to grow at a healthy rate during the forecast period. As the usage of scroll chillers has grown substantially in low-capacity commercial verticals, the market pertaining to hospital and institutions is also expected to grain traction in the years to come.

Based on geography, the scroll chiller market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. Asia Pacific holds the largest share of the scroll chiller market. This could be attributed to the fact that Asia Pacific has an increasing number of solar, geothermal, and nuclear power plants. Europe comes second position and is expected to grow in the upcoming years. This growth is owing to the rising construction and commercial industry.

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The key players of scroll chiller market are Trane Inc., Johnson Controls Inc., Daikin Industries Ltd., Thermax Ltd., Broad Air Conditioning Co. Ltd., Hitachi Appliances Inc., Midea Group Co. Ltd., Carrier Corporation, Shuangliang Eco-Energy Systems, Robur Corporation, Yazaki Energy Systems Inc., Century Corporation, Dunham-Bush, Mammoth, Airedale, LG, Blue Star, TICA and Motivair.