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Screw Chillers Market by Product Type (Air Cooled Chiller, Water-Cooled Chiller), by Compressor Type (Single, Dual and Twin), by End User Industry (Food and Beverage, Chemical and Petrochemicals, Pharmaceutical, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2022-2030

Screw Chillers Market by Product Type (Air Cooled Chiller, Water-Cooled...

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Screw Chillers Market by Product Type (Air Cooled Chiller, Water-Cooled Chiller), by Compressor Type (Single, Dual and Twin), by End User Industry (Food and Beverage, Chemical and Petrochemicals, Pharmaceutical, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2022-2030
Screw Chillers Market by Product...
Report Code
RO4/128/1004

Publish Date
24/Mar/2023

Pages
200
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The global screw chillers market size was US$ 4.6 billion in 2021. The global screw chillers market size is estimated to reach US$ 6.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.4% during the forecast period from 2022 to 2030.
A screw chiller contains a female helical screw and a male helical screw. Both these screws are mechanically engaged with each other and rotate simultaneously. This rotation slowly squeezes the liquid as it locomotes from one end of the cylinder to the other end. Screw chillers house a screw compressor to compress air, refrigerant, or other fluids. It is more compact, and quieter and includes fewer parts than its alternatives like reciprocating, centrifugal, centrifugal, and absorption chillers.

Factors Influencing Market Growth

• The increase in the need for screw chillers from different industry verticals like chemicals and petrochemicals, food & beverages, pharmaceuticals, oil and gas, plastic, and others, drives the overall market growth.
• Screw chillers do not have suction and discharge valves, which destroys the chance of pressure drop, thereby attaining higher productivity that drives the overall market expansion. 
• Chillers with screw compressors are suitable for a broad range of applications having refrigerant flow in the range of 200 to 20,000 M3/Hr. Key manufacturers drive the overall market expansion.

Effect of the COVID-19 Pandemic

COVID-19 had a severe impact on the overall market growth. Due to restrictions on manufacturing activities. Moreover, screw chillers could not be effectively installed via OEMs during the lockdown period. Thus, hindering the overall market expansion.

Regional Analysis

Asia-Pacific recorded the highest share of the global market share in 2021, due to a rise in industrialization and quick urbanization in nations like China, India, Vietnam, and Indonesia driving the overall market in the region.

Leading Competitors
The prominent players in the global screw chillers market are:
• Trane Technologies plc
• Robert Bosch GmbH
• McQuay Air-conditioning
• LG Electronics
• Mitsubishi Electric Hydronics & IT Cooling Systems
• Haier Group
• Johnson Controls
• Dunham Bush
• EUROKLIMAT
• Carrier
• Others
Segmentation Analysis
The global screw chillers market segmentation focuses on Product Type, Compressor Type, End User Industry, and Region.
Segmentation on the basis of Product Type
• Air Cooled Chiller
• Water-Cooled Chiller

Segmentation on the basis of Compressor Type
• Single
• Dual and Twin

Segmentation on the basis of End User Industry
• Food and Beverage
• Chemical and Petrochemicals
• Pharmaceutical
• Oil and Gas
• Others

Segmentation on the basis of Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America

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