Summary

The chillers market is projected to reach USD 15.42 billion by 2029, at a CAGR of 5.0% from USD 12.08 billion in 2024. The market for chillers is propelled by the growing industrialization, urbanization along with immediate need of efficient energy usage systems. An upsurge in construction activities worldwide, especially in the developing world, is increasing the use of chillers for managing indoor environmental quality in business buildings and houses. Growing concerns towards energy efficiency have motivated the advances including green refrigerants and enhanced compressors. Business sectors that require temperature control use chillers, including pharmaceutical, food & beverages ,and data centers. Moreover, climate change, government regulations for energy efficacious, and enhancement of intelligent infrastructure investments across Asia-Pacific and Middle East, as well as IoT-era smart cooling technologies are creating demand for this system.
“Based on medium, air-cooled accounted to be the second largest market during the forecast period, in terms of value.”
Air-cooled chillers are the second-largest segment in the chillers market, because of their multiple application, low cost and simply installation. Although compared to water-cooled chillers, they do not need a cooling tower and complex water circulation systems, they are particularly suitable for places where water availability is restricted or water rationing is practiced. These are popular with industries and commercial facilities that require efficient and low cost cooling systems with little demand for maintenance. These chillers can especially be used in climates that are moderate and do not need extra equipment to support chillers. Technological enhancements of air-cooled chillers due to higher regards to energy and sustainability include variation in compressor speed, use of environment-friendly refrigerants, and enhanced control systems that enhance the use of air-cooled chillers. Demand for air-cooled chillers is mainly driven by data centers, healthcare, manufacturing industries where the control of temperature is very important. Moreover, expansion in the intra-urban infrastructure and mainly the accession of advanced developing countries to industrialization have made them popular in business and residential complexes. Trends such as government’s push for the enhancement of energy-efficient cooling systems and a rising infrastructure expenditure also have a positive impact on the market for chillers cementing the second biggest segment in the chillers market.
“Based on type, scroll chillers projected second largest market during the forecast period, in terms of value.”
Scroll chillers comprise the second largest market segment in chillers due to their high efficiency, compactness and versatility of operation. Such chillers incorporate scroll compressor which are reputed to have very high reliability and operational efficiency with low maintenance requirements. Owing to its design, the company’s products are easy to install due to their small size and weight and are suitable for small to mid-sized commercial and industrial applications such as business offices, shops and small scale manufacturing factories. Moreover, the noise level of scroll chillers is low, thus recommendable for installations that cause excessive noise. Another factor that has lead to their use is energy efficiency. Some common technologies of scroll chillers are variable-speed drives, by which the operating costs are decreased according to requirements. Because of this, their size is flexible which means users can simply add more of them as demand for cooling increases. Also, the raise in concern with sustainable chemical and ecological aspects to reduce green effects of refrigerants has stimulated the growth of scroll chillers as many of them conform to other regulatory measures concerning environmental protection. They are cheap to acquire and offer users notably excellent performance due to their positioning in price- performance matrix.
“Based on capacity, 300-700 kW is the fastest growing market during the forecast period, in terms of value.”
The market growth in chillers is witnessed most in the segment of 300-700 kW due to their efficiency, adaptability, and suitability for mid-sized applications. The applications of this chillers include commercial buildings, hospitals, hotels, and industries, which typically require a moderate cooling capacity. Increasing urbanization brings in more and more smart city developments along with mixed-use projects, increasing the demand for compact and efficient cooling solutions. The 300-700 kW chillers serve this purpose by providing a balance between performance and space optimization. Energy efficiency regulations and sustainability goals also contribute to the growth of this segment. This type of chiller generally comprises advanced technologies like variable speed drives and intelligent controls to minimize energy consumption and running cost. They also offer suitability towards renewable sources and environmentally friendly refrigerants as well as conform to world trends of sustainability. Urbanization further drives up demand for district cooling systems, which these chillers easily fit into. Their ability to scale up makes them popular choices for expansion of facilities. Ability to meet varied cooling needs under high energy standards makes 300-700 kW chillers an essential part of the evolution of the HVAC market, propelling it rapidly across the globe.
“Based on end-use industry, food & beverages is the fastest growing market during the forecast period, in terms of value.”
The food & beverages industry projected fastest growth-inducing segment in the chillers market since they highly need to use the products under temperature control to ascertain safety, shelf life, and the quality of the product. Chilling is a very integral part of food & beverages productions. It is used as cooling during manufacturing, storing, and transporting. Increasing consumer demand for processed, frozen, and ready-to-eat foods in urban regions is raising the usage of high-tech chilling technologies. Also, regulatory standards for food safety and hygiene are very stringent; manufacturers want to invest in efficient and reliable cooling systems. Expansion of the cold chain logistics sector across the globe is increasing the demand for chillers. The export of perishable items such as dairy, meat, and seafood by food producers has made the control of precise temperature critical. In addition, growing demand for craft beverages and premium products, such as specialty wines and beers, mandates customized chilling solutions to ensure taste and quality. Asian-Pacific and Latin America's emerging markets, which are rapidly urbanizing and witnessing changes in diet, have been major contributors to growth. The innovation of energy-efficient and eco-friendly chillers is in tune with the industry's objective of cost-effective operation and less environmental impact, thus making this product more readily adopted within the food & beverages industry.
“Based on region, Asia Pacific is the fastest-growing region in the chillers market in 2023, in terms of value.”
Asia-Pacific region is one of the fastest-growing for chillers market because of accelerated urbanization, industrialization and economic growth in the major countries. It comprises China, India, Japan, and other southeast Asian nations. The strong growth in the construction industries for the residential, commercial, and industrial sectors also boosts demand for chillers in HVAC systems. Processes requiring cooling also saw an upward surge as countries like China and India increased the setting up of their manufacturing bases. The other most important driver in the increasing demand for process cooling involves the growth in the food and beverages industry, stimulated by altered consumer preferences and heightened disposable incomes as well as developments in the cold chain logistic segment. Additionally, the Asia-Pacific region contains some of the world's fastest-growing economies, which are spending heavily on infrastructure development such as airports, malls, and data centers, where chillers are necessary to keep the environment controlled. Other initiatives of the government concerning energy efficiency and the uptake of eco-friendly technologies create additional demand for advanced chillers. Advancements in green cooling technologies and a dominant presence of key players across Asia-Pacific continue to ensure it remains an exciting, growth-oriented market for chillers.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the chillers market, and information was gathered from secondary research to determine and verify the market size of several segments:
• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: Directors– 20%, Managers – 10%, and Others – 70%
• By Region: North America – 22%, Europe – 22%, APAC – 45% and RoW- 11%
The key players in this market are DAIKIN INDUSTRIES, Ltd. (Japan), Trane Technologies plc (Ireland), Carrier (US), Johnson Controls Inc. (Ireland), Mitsubishi Electric Corporation (Japan), Smardt Chiller Group, Inc. (Canada), Drake Refrigeration Inc. (US), PolyScience (US), LG Electronics (South Korea), Dimplex Thermal Solutions (US), and Thermax Limited (India).
Research Coverage
This report segments the chillers market based on medium, chilling medium, type, capacity, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the chillers market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the chillers market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (Growing demand for process cooling in food and healthcare applications, Technological advancements in chillers, Increasing infrastructure development), restraints (High initial capital investment, Complexity of system installation and maintenance), opportunities (Emerging opportunities for manufacturers to produce eco-friendly chillers, Growing demand for energy-efficient and sustainable cooling solutions) and challenges (Regulations pertaining to fluorinated greenhouse gases, High energy consumption).
• Market Penetration: Comprehensive information on the chillers market offered by top players in the global chillers market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the chillers market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for chillers market across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global chillers market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the chillers market

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Table of Contents

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKET SEGMENTATION AND REGIONAL SPREAD 25
1.3.2 INCLUSIONS & EXCLUSIONS 25
1.3.3 YEARS CONSIDERED 26
1.4 CURRENCY CONSIDERED 27
1.5 UNITS CONSIDERED 27
1.6 STAKEHOLDERS 27
1.7 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 SECONDARY DATA 29
2.1.1.1 Key data from secondary sources 29
2.1.2 PRIMARY DATA 29
2.1.2.1 Key data from primary sources 30
2.1.2.2 Key primary participants 30
2.1.2.3 Key industry insights 30
2.1.2.4 Breakdown of interviews with experts 31
2.2 MARKET SIZE ESTIMATION 31
2.2.1 BOTTOM-UP APPROACH 32
2.2.2 TOP-DOWN APPROACH 32
2.3 GROWTH FORECAST 33
2.4 DATA TRIANGULATION 34
2.5 FACTOR ANALYSIS 35
2.6 RESEARCH ASSUMPTIONS 35
2.7 LIMITATIONS & RISKS 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CHILLERS MARKET 41
4.2 CHILLERS MARKET, BY MEDIUM 41
4.3 CHILLERS MARKET, BY TYPE 42
4.4 CHILLERS MARKET, BY END-USE INDUSTRY 42
4.5 CHILLERS MARKET, BY KEY COUNTRY 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 44
5.2.1 DRIVERS 45
5.2.1.1 Growing demand for process cooling in food and healthcare applications 45
5.2.1.2 Technological advancements in chillers 45
5.2.1.3 Surge in infrastructure development 46
5.2.2 RESTRAINTS 46
5.2.2.1 High initial capital investment 46
5.2.2.2 Complexity of system installation and maintenance 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 Emerging opportunities for manufacturers to produce eco-friendly chillers 47
5.2.3.2 Growing demand for energy-efficient and sustainable cooling solutions 47
5.2.4 CHALLENGES 48
5.2.4.1 Regulations pertaining to fluorinated greenhouse gases 48
5.2.4.2 High energy consumption 49
5.3 PORTER’S FIVE FORCES ANALYSIS 50
5.3.1 THREAT OF NEW ENTRANTS 51
5.3.2 THREAT OF SUBSTITUTES 51
5.3.3 BARGAINING POWER OF SUPPLIERS 51
5.3.4 BARGAINING POWER OF BUYERS 51
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 52
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 52
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 52
5.4.2 BUYING CRITERIA 53
5.5 MACROECONOMIC INDICATORS 53
5.5.1 GLOBAL GDP TRENDS 53
6 INDUSTRY TRENDS 56
6.1 INTRODUCTION 56
6.2 VALUE CHAIN ANALYSIS 56
6.3 REGULATORY LANDSCAPE 57
6.3.1 REGULATIONS 57
6.3.1.1 North America 57
6.3.1.2 Europe 58
6.3.1.3 Asia Pacific 58
6.3.2 STANDARDS 59
6.3.2.1 Indian Seasonal Energy Efficiency Ratio (ISEER) 59
6.3.2.2 ASHRAE Standard 90.1 59
6.3.2.3 Air-conditioning, Heating, and Refrigeration Institute (ARI) 59
6.3.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
6.4 TRADE ANALYSIS 62
6.4.1 IMPORT SCENARIO (HS CODE 841869) 62
6.4.2 EXPORT SCENARIO (HS CODE 841869) 63
6.5 ECOSYSTEM ANALYSIS 63
6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 65
6.7 CASE STUDY ANALYSIS 65
6.7.1 DAIKIN PROVIDED MAGNITUDE MAGNETIC-BEARING CENTRIFUGAL CHILLER TO LUMINIS HEALTH DOCTORS COMMUNITY MEDICAL CENTER 65
6.7.2 TRANE TECHNOLOGIES PROVIDED CHILLERS TO JEPTHA CREED DISTILLERY 66
6.7.3 CARRIER DEVELOPED AQUAFORCE 30 XWV WATER-COOLED CHILLERS WITH GREENSPEED INTELLIGENCE 66
6.8 TECHNOLOGY ANALYSIS 67
6.8.1 KEY TECHNOLOGIES 67
6.8.1.1 Variable speed drives 67
6.8.1.2 Smart controls and automation 67
6.8.2 COMPLEMENTARY TECHNOLOGIES 68
6.8.2.1 Variable refrigerant flow 68
6.8.2.2 Natural refrigerants 68
6.9 KEY CONFERENCES AND EVENTS, 2024–2025 69
6.10 PATENT ANALYSIS 70
6.10.1 METHODOLOGY 70
6.10.2 DOCUMENT TYPES 70
6.10.3 PUBLICATION TRENDS IN LAST 10 YEARS 71
6.10.4 INSIGHTS 71
6.10.5 LEGAL STATUS OF PATENTS 71
6.10.6 JURISDICTION ANALYSIS 72
6.10.7 TOP APPLICANTS 72
6.11 IMPACT OF AI/GEN AI ON CHILLERS MARKET 73
6.12 INVESTMENT AND FUNDING SCENARIO 73
6.13 PRICING ANALYSIS 74
6.13.1 AVERAGE SELLING PRICE TREND, BY REGION, 2020-2023 74
6.13.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY MEDIUM, 2020-2023 75
7 CHILLERS MARKET, BY CHILLING MEDIUM 76
7.1 INTRODUCTION 76
7.2 FLUOROCARBON 76
7.2.1 CHLOROFLUOROCARBON 76
7.2.2 HYDROFLUOROCARBON 77
7.3 INORGANIC COMPOUNDS 77
7.4 AMMONIA 77
7.5 FREON 78
8 CHILLERS MARKET, BY MEDIUM 79
8.1 INTRODUCTION 80
8.2 AIR-COOLED CHILLERS 81
8.2.1 EFFECTIVELY CONTROL TEMPERATURE IN DIVERSE ENVIRONMENT 81
8.3 WATER-COOLED CHILLERS 82
8.3.1 SUPERIOR ENERGY EFFICIENCY AND CAPACITY TO MANAGE COOLING LOADS 82
8.4 LIQUID COOLANT CHILLERS 82
8.4.1 PROTECT SENSITIVE EQUIPMENT FROM THERMAL DAMAGE 82
9 CHILLERS MARKET, BY CAPACITY 83
9.1 INTRODUCTION 84
9.2 BELOW 300 KW 85
9.2.1 OPERATES EFFICIENTLY AND REDUCES OVERALL ENERGY CONSUMPTION 85
9.3 300–700 KW 86
9.3.1 ROBUST DESIGN AND COST-EFFECTIVE SOLUTION 86
9.4 701–1,500 KW 86
9.4.1 USED IN LARGE COMMERCIAL BUILDINGS AND ENSURES COMFORTABLE INDOOR COOLING 86
9.5 ABOVE 1,500 KW 86
9.5.1 USED FOR CRITICAL COOLING IN LARGE-SCALE INDUSTRIAL AND COMMERCIAL APPLICATIONS 86
10 CHILLERS MARKET, BY TYPE 87
10.1 INTRODUCTION 88
10.2 SCROLL CHILLERS 92
10.2.1 COMPACT DESIGN AND LOW NOISE LEVELS 92
10.3 SCREW CHILLERS 93
10.3.1 HIGH EFFICIENCY AND CAPABILITY TO HANDLE LARGE COOLING LOADS 93
10.4 CENTRIFUGAL CHILLERS 94
10.4.1 HIGH COEFFICIENT OF PERFORMANCE AND EFFICIENCY IN HANDLING SUBSTANTIAL COOLING LOADS 94
10.5 RECIPROCATING CHILLERS 94
10.5.1 WIDELY USED FOR PROCESS COOLING IN SMALL AND MEDIUM CAPACITIES 94
10.6 ABSORPTION CHILLERS 95
10.6.1 WIDELY PREFERRED IN SOLAR OR GEOTHERMAL ENERGY SYSTEMS 95
11 CHILLERS MARKET, BY END-USE INDUSTRY 96
11.1 INTRODUCTION 97
11.2 COMMERCIAL 100
11.2.1 SURGE IN DEMAND FOR CHILLERS IN DATA CENTERS AND HOSPITALS 100
11.3 PLASTICS 100
11.3.1 EFFICIENCY IN COOLING MOLDS AND MOLTEN PLASTIC IN MANUFACTURING PROCESSES 100
11.4 FOOD & BEVERAGE 100
11.4.1 INCREASING DEMAND IN NUTRIENT PRESERVATION AND PASTEURIZATION 100
11.5 CHEMICALS & PETROCHEMICALS 101
11.5.1 PRESSING NEED FOR HEAT MANAGEMENT TO BOOST DEMAND FOR CHILLERS 101
11.6 RUBBER 101
11.6.1 WIDELY PREFERRED IN RUBBER EXTRUSION AND INJECTION MOLDING 101
11.7 MEDICAL & PHARMACEUTICAL 101
11.7.1 REGULATING TEMPERATURE FOR BIOLOGICAL AND MEDICAL SPECIMENS 101
11.8 PRINTING 102
11.8.1 REGULATE INK TEMPERATURES AND MAINTAIN PRINT QUALITY 102
11.9 LASER CUTTING 102
11.9.1 ENSURING CONSISTENT BEAM QUALITY AND PREVENTING OVERHEATING DURING LASER CUT PROCESS 102
11.10 ALTERNATIVE ENERGY 103
11.10.1 INCREASING DEMAND FOR CHILLERS FOR RECIRCULATING COOLING WATER IN SOLAR THERMAL SYSTEMS 103
11.11 OTHER END-USE INDUSTRIES 103
12 CHILLERS MARKET, BY REGION 104
12.1 INTRODUCTION 105
12.2 NORTH AMERICA 106
12.2.1 US 116
12.2.1.1 Rise in industrial, commercial, and residential building construction to drive demand 116
12.2.2 CANADA 118
12.2.2.1 Availability of natural resources to drive market 118
12.2.3 MEXICO 120
12.2.3.1 Increasing installation of chillers in various pipeline projects to propel market 120
12.3 EUROPE 122
12.3.1 GERMANY 132
12.3.1.1 Growing population and demographic changes to drive market 132
12.3.2 FRANCE 134
12.3.2.1 Rising consumption of chillers to propel market 134
12.3.3 UK 136
12.3.3.1 Growth of manufacturing and medical sectors to drive market 136
12.3.4 ITALY 138
12.3.4.1 Shift toward automation and Industry 4.0 to fuel market 138
12.3.5 SPAIN 140
12.3.5.1 Growth of construction industry to drive market 140
12.3.6 RUSSIA 142
12.3.6.1 Growing need for energy-efficient chillers across various sectors to drive market 142
12.3.7 TURKEY 145
12.3.7.1 Investments in renewable and non-renewable power plants to drive market 145
12.3.8 REST OF EUROPE 147
12.4 ASIA PACIFIC 149
12.4.1 CHINA 158
12.4.1.1 Transition toward alternative energy source to drive demand 158
12.4.2 JAPAN 160
12.4.2.1 Development of advanced technologies and efficient use of natural resources to drive market 160
12.4.3 INDIA 162
12.4.3.1 Increasing population and industrialization to drive market 162
12.4.4 SOUTH KOREA 165
12.4.4.1 Surge in commercial construction to boost market 165
12.4.5 THAILAND 167
12.4.5.1 Rapid expansion of data centers to drive market 167
12.4.6 REST OF ASIA PACIFIC 170
12.5 MIDDLE EAST & AFRICA 171
12.5.1 GCC COUNTRIES 179
12.5.1.1 Saudi Arabia 180
12.5.1.1.1 Abundant availability of raw materials and well-developed infrastructure to drive market 180
12.5.1.2 UAE 182
12.5.1.2.1 Extreme weather conditions to increase demand for chillers 182
12.5.1.3 Qatar 184
12.5.1.3.1 Rapid urbanization and harsh climatic conditions to boost demand for chillers 184
12.5.1.4 Rest of GCC countries 186
12.5.2 SOUTH AFRICA 188
12.5.2.1 Rise in urban constructions to boost market 188
12.5.3 REST OF MIDDLE EAST & AFRICA 190
12.6 SOUTH AMERICA 192
12.6.1 BRAZIL 200
12.6.1.1 Government-led initiatives and rising investments in wastewater treatment projects to boost market 200
12.6.2 ARGENTINA 202
12.6.2.1 Rapid urbanization and industrialization to drive market 202
12.6.3 REST OF SOUTH AMERICA 204
 
13 COMPETITIVE LANDSCAPE 207
13.1 OVERVIEW 207
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 207
13.3 REVENUE ANALYSIS 210
13.4 MARKET SHARE ANALYSIS 211
13.5 COMPANY VALUATION AND FINANCIAL METRICS 213
13.6 BRAND/PRODUCT COMPARISON ANALYSIS 214
13.6.1 MAGNITUDE 214
13.6.2 ASCEND 214
13.6.3 AQUASNAP 215
13.6.4 YORK 215
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 215
13.7.1 STARS 215
13.7.2 EMERGING LEADERS 215
13.7.3 PERVASIVE PLAYERS 215
13.7.4 PARTICIPANTS 216
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 217
13.7.5.1 Company footprint 217
13.7.5.2 Region footprint 218
13.7.5.3 Medium footprint 219
13.7.5.4 Type footprint 220
13.7.5.5 Capacity footprint 221
13.7.5.6 End-use industry footprint 222
13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 223
13.8.1 PROGRESSIVE COMPANIES 223
13.8.2 RESPONSIVE COMPANIES 223
13.8.3 DYNAMIC COMPANIES 223
13.8.4 STARTING BLOCKS 223
13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 225
13.8.5.1 Detailed list of key startups/SMEs 225
13.8.5.2 Competitive benchmarking of startups/SMEs 226
13.9 COMPETITIVE SCENARIO 227
13.9.1 PRODUCT LAUNCHES 227
13.9.2 DEALS 228
13.9.3 EXPANSIONS 229
 
14 COMPANY PROFILES 231
14.1 KEY PLAYERS 231
14.1.1 DAIKIN INDUSTRIES, LTD. 231
14.1.1.1 Business overview 231
14.1.1.2 Products/Solutions/Services offered 232
14.1.1.3 Recent developments 234
14.1.1.3.1 Deals 234
14.1.1.3.2 Expansions 234
14.1.1.4 MnM view 235
14.1.1.4.1 Right to win 235
14.1.1.4.2 Strategic choices 235
14.1.1.4.3 Weaknesses and competitive threats 236
14.1.2 TRANE TECHNOLOGIES PLC 237
14.1.2.1 Business overview 237
14.1.2.2 Products/Solutions/Services offered 238
14.1.2.3 Recent developments 240
14.1.2.3.1 Product launches 240
14.1.2.3.2 Deals 240
14.1.2.3.3 Expansions 240
14.1.2.4 MnM view 241
14.1.2.4.1 Right to win 241
14.1.2.4.2 Strategic choices 241
14.1.2.4.3 Weaknesses and competitive threats 241
14.1.3 CARRIER 242
14.1.3.1 Business overview 242
14.1.3.2 Products/Solutions/Services offered 243
14.1.3.3 Recent developments 245
14.1.3.3.1 Product launches 245
14.1.3.3.2 Deals 246
14.1.3.4 MnM view 246
14.1.3.4.1 Right to win 246
14.1.3.4.2 Strategic choices 246
14.1.3.4.3 Weaknesses and competitive threats 247
14.1.4 JOHNSON CONTROLS 248
14.1.4.1 Business overview 248
14.1.4.2 Products/Solutions/Services offered 249
14.1.4.3 MnM view 252
14.1.4.3.1 Right to win 252
14.1.4.3.2 Strategic choices 252
14.1.4.3.3 Weaknesses and competitive threats 252
 
14.1.5 MITSUBISHI ELECTRIC CORPORATION 253
14.1.5.1 Business overview 253
14.1.5.2 Products/Solutions/Services offered 254
14.1.5.3 MnM view 256
14.1.5.3.1 Right to win 256
14.1.5.3.2 Strategic choices 256
14.1.5.3.3 Weaknesses and competitive threats 257
14.1.6 SMARDT CHILLER GROUP, INC. 258
14.1.6.1 Business overview 258
14.1.6.2 Products/Solutions/Services offered 258
14.1.6.3 Recent developments 259
14.1.6.3.1 Deals 259
14.1.6.3.2 Expansions 260
14.1.6.4 MnM view 260
14.1.7 DRAKE REFRIGERATION INC. 261
14.1.7.1 Business overview 261
14.1.7.2 Products/Solutions/Services offered 261
14.1.7.3 Recent developments 263
14.1.7.3.1 Product launches 263
14.1.7.4 MnM view 264
14.1.8 POLYSCIENCE 265
14.1.8.1 Business overview 265
14.1.8.2 Products/Solutions/Services offered 265
14.1.8.3 MnM view 266
14.1.9 LG ELECTRONICS 267
14.1.9.1 Business overview 267
14.1.9.2 Products/Solutions/Services offered 268
14.1.9.3 MnM view 269
14.1.10 DIMPLEX THERMAL SOLUTIONS 270
14.1.10.1 Business overview 270
14.1.10.2 Products/Solutions/Services offered 270
14.1.10.3 MnM view 271
14.2 OTHER PLAYERS 272
14.2.1 SCY CHILLER 272
14.2.2 KKT CHILLERS 273
14.2.3 MTA S.P.A. 274
14.2.4 FRIULAIR S.R.L. 275
14.2.5 THERMAX LIMITED 276
14.2.6 COLD SHOT CHILLERS 277
14.2.7 TANDEM CHILLERS 278
14.2.8 THERMAL CARE 278
14.2.9 SKM AIR CONDITIONING 279
14.2.10 RITE-TEMP 280
14.2.11 REFRA 281
14.2.12 GENERAL AIR PRODUCTS 282
14.2.13 AQUA COOLING LTD 282
14.2.14 CLIMACOOL, CORP. 283
14.2.15 FRIGEL FIRENZE S.P.A. 283
14.2.16 SMART FAMILY OF COOLING PRODUCTS 284
15 APPENDIX 285
15.1 DISCUSSION GUIDE 285
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 289
15.3 CUSTOMIZATION OPTIONS 291
15.4 RELATED REPORTS 291
15.5 AUTHOR DETAILS 292