Brine Chillers Market Size Worth $16,842.02 Million By 2032 | CAGR: 4.3%

Brine Chillers Market Size Worth $16,842.02 Million By 2032 | CAGR: 4.3%


The global brine chillers market size is expected to reach USD 16,842.02 million by 2032, according to a new study by Polaris Market Research. The report “Brine Chillers Market Share, Size, Trends, Industry Analysis Report, By Product Type (Air-Cooled Brine Chillers and Water-Cooled Brine Chillers); By Application; By Industry Vertical; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing technological advancements in brine chillers, which makes them more dependable and highly efficient, and a growing number of government agencies enacting several regulations to reduce greenhouse emissions and fulfill the energy standards set by governments, are propelling the demand and growth of the market. In addition, continuous technological advancements in product capabilities and implementation to make the product readily available across the globe to meet the surging needs of different industries are also influencing product demand.

For instance, in October 2022, ENGIE Refrigeration announced the launch of its new SPECTRUM Water Chiller with a total capacity of 170 to 1,100 kilowatts of nominal cooling capacity. The new water-cooled brine cooler is available in six different models and is suitable for all process cooling applications.

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Integrating smart and IoT-enabled features and several new innovated features are gaining significant traction, as chillers equipped with sensors, connectivity, and data analytics capabilities enable remote monitoring, predictive maintenance, and optimization of chiller performance. These features of chillers also provide real-time insights, enhance system reliability, and enable proactive maintenance, resulting in improved efficiency and reduced downtime, creating new revenue opportunities for the global market.

Furthermore, modular and scalable designs are gaining popularity exponentially as they offer flexibility in capacity and configuration, allowing businesses to scale up or down based on their cooling requirements. Besides this, manufacturers now offer customization options, providing application-specific solutions catering to diverse industries such as food processing, pharmaceuticals, data centers, and chemical manufacturing.

Brine Chillers Market Report Highlights

  • Water-cooled brine chillers segment led the industry market with largest share in 2022, on account of growing need for efficient cooling solutions across various HVAC systems and industrial settings
  • Industrial brine chillers segment held the majority market share in 2022, mainly due to continuous expansion of chemical, pharmaceutical, and food & beverage industry, leading to higher demand for cooling solutions
  • Food & beverage segment is anticipated to grow at fastest growth rate over the study period, due to its ability to efficiently preserve several food items by minimizing spoilages
  • Asia Pacific region dominated the global market with significant share in 2022, owing to increasing R&D investment for the development of power generation, transportation, and data centers
  • The global key market players include Train Technologies, York International, Blue Star Limited, Carrier Corporation, Mitsubishi Electric Corporation, GEA Group, Thermax Limited, and Johnson Controls

Polaris Market Research has segmented the brine chillers market report based on product type, application, industry vertical, and region:

Brine Chillers, Product Type Outlook (Revenue - USD Million, 2023 - 2032)

  • Air-Cooled Brine Chillers
  • Water-Cooled Brine Chillers

Brine Chillers, Application Outlook (Revenue - USD Million, 2023 - 2032)

  • Industrial Brine Chillers
  • Commercial Brine Chillers
  • Residential Brine Chillers

Brine Chillers, Industry Vertical Outlook (Revenue - USD Million, 2023 - 2032)

  • Food & Beverage
  • Chemical & Petrochemical
  • Pharmaceutical
  • HVAC
  • Energy
  • Others

Brine Chillers, Regional Outlook (Revenue - USD Million, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Brine Chillers Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 11,500.41 million

Revenue forecast in 2032

USD 16,842.02 million

CAGR

4.3% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Product Type, By Application, By Industry Vertical, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Johnson Controls Inc., Carrier Corporation, Train Technologies plc, Daikin Industries Ltd., Thermax Limited, Blue Star Limited, Mitsubishi Electric Corporation, York International, Frigel Firenge S.p.A., Kirloskar Chillers Pvt. Ltd., Thermal Care Inc., Mokon, GEA Group AG, Midea Group Co. Ltd., and Voltas Limited.

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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