According to the research report titled ‘Global Industrial Air Chiller Market Size study, by Product Type (Portable Air Cooled Chiller, Stationary Air Cooled Chiller, Closed-loop Air Chiller, Open-loop Air Chiller), by Application (Die Casting, Chemicals, Pharmaceuticals, Food & Beverages, Rubber, Plastic, Medical & Pharmaceuticals, Oil & Gas, Others) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global industrial air chiller market is anticipated to witness a notable CAGR over 2022-2028.

Report findings suggest that growing use of chillers in solar cooling applications and rising demand for process cooling in industrial settings are the major growth determinants for global industrial air chiller market.

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For the unversed, refrigeration systems in industrial and commercial buildings are known as industrial air chillers and are used to cool a process fluid or dehumidify the air. The air is cooled via a vapor compression or absorption cycle. It absorbs the heat generated by coolants which the air blowers then disperse in the air.

Furthermore, increasing use of portable industrial air chillers, expanding technological advancements, and improved performance of the product are slated to bolster the industry outlook in the coming years.

On the contrary, stringent government regulations on fluorinated greenhouse gases may hamper market growth over the stipulated timeframe.

Based on product type, the industry is branched into open-loop air chiller, closed-loop air chiller, stationary air-cooled chiller, and portable air-cooled chiller. In terms of application ambit, worldwide industrial air chiller market is divided into oil & gas, pharmaceuticals & medical, plastic, rubber, food & beverages, pharmaceuticals, chemicals, die casting, and others.

Regionally, North America industry captures a substantial revenue share at present and is slated to log tremendous growth during the assessment period, owing to rising need for process cooling in industrial settings and the expanding usage of products in solar cooling applications.

Whereas Europe market is poised to grow substantially over the anticipated timeframe, due to rising technological advancements, expanding use of mobile industrial air chillers, and improved effectiveness of the product in the region.

Moving on to competitive landscape, Midea Group, Haier Group Corporation, Fujitsu General Limited, Blue Star Ltd., Airedale Cooling Services Ltd., Mitsubishi Electric Corporation, Johnson Controls International plc, Ingersoll Rand Inc., Daikin Industries Ltd., and Carrier Global Corporation are the leading players in global industrial air chiller market.