HVAC Chillers Market will register a CAGR of 6% during 2020-2024. The market’s growth momentum will Accelerate.
growing demand for absorption chillers across industrial sector will be one of the major factors driving the growth of this market. Additionally, key HVAC Chillers Market trends such as the Growth in commercial and industrial sectors will also influence market growth during the forecast period.
HVAC Chillers Market Size
During the forecast period, the HVAC Chillers Market size will grow by $ 2.62 bn.
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HVAC Chillers Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the HVAC Chillers Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the intensified market competition will also challenge the growth of the companies.
AB Electrolux | Daikin Industries Ltd. | Honeywell International Inc. | Johnson Controls International Plc | LG Electronics Inc. | Mitsubishi Electric Corp. | Panasonic Corp. | Samsung Electronics Co. Ltd. | Siemens AG | Trane Technologies Plc.list
are some of the companies covered in Technavio’s HVAC Chillers Market report for 2021-2025.
HVAC Chillers Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the HVAC Chillers Market.
The APAC will account for the largest HVAC Chillers Market share and during 2021-2025, the region will contribute to 53% of the market’s growth.
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