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Recirculating Chillers Market Size, Share & Trends Analysis Report by Type (Air-cooled, Water-cooled), Temperature Range, Application, Region, and Segment Forecasts, 2024-2030

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  • 100 Pages
  • October 2024
  • Region: Global
  • Grand View Research
  • ID: 6024544
Description Jump to:
The global recirculating chillers market size is anticipated to reach USD 2.16 billion by 2030, expanding at a CAGR of 10.1%. The market is projected to grow at a significant rate owing to increased usage of recirculating chillers in several application areas such as pharmaceuticals, medical, manufacturing, and data centres in IT, telecom, and BFSI. Increasing importance of energy-efficient products is also expected to have a positive impact on the market. Moreover, automation in the industry verticals requires necessary maintenance for proper functioning which can be achieved by the implementation of recirculating coolers.

Traditional coolers use more than 50.0 percent of energy for cooling; hence recirculating chillers are being adopted widely. Additionally, recirculating coolers or closed loop systems saves 90.0% of the total water used by the open loop cooler system and therefore they are also termed as renewable coolers. Hence, the growing adoption of sustainable yet efficient cooling solutions across industries and laboratories are expected to have a positive impact on market growth.

There are various types of recirculating chillers such as, rack mounted, floor mounted, and bench top. The rack mounted segment has wide range of applications as this product type is portable and smaller in size. Multiple coolers can be assembled into one rack and can be used as per the convenience of the user. The front fill reservoir access available in rack mounted chillers reduces spills. Similarly, benchtop coolers are portable and offer flexibility in terms of operations. Such factors are expected to bolster market growth.

The heat exchangers installed in the coolers provide thermal stability and suffices the requirement of automation. Moreover, availability of water-based as well as air-based coolers gives the users a range of products. However, high maintenance and installation cost associated with the product is expected to cause hindrance in market growth.

Recirculating Chillers Market Report Highlights

  • The pharmaceutical application segment is expected to experience the fastest growth from 2024 to 2030. This is attributed to the increasing need for effective cooling solutions in pharmaceutical industry production facilities, storage units, and other settings.
  • The air-cooled recirculating chillers segment dominated the global market and accounted for a revenue share of 58.1% in 2023. Air-cooler recirculating chillers are primarily used in settings or application areas where space has aesthetic value or does not have water access for water-cooler chillers.
  • Based on temperature range, the 1°C to 100°C segment accounted for the largest revenue share in 2023. Growth in this segment is mainly driven by the increasing use of recirculating chillers in data centers, food and beverage production units, automotive and commercial semiconductor manufacturing facilities, and others.
  • Asia Pacific recirculating chillers market is expected to experience the fastest CAGR from 2024 to 2030. The increasing number of manufacturing plants largely influences this market set up in the region, especially in countries such as China, India, and others.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
  • Competitive Landscape: Explore the market presence of key players worldwide
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

The leading players in the Recirculating Chillers market include:

  • Thermo Fisher Scientific Inc.
  • JULABO GmbH
  • LAUDA-Brinkmann, LP
  • Lytron Inc. (Boyd)
  • PolyScience
  • SP Industries
  • Dimplex Thermal Solutions
  • Peter Huber Kältemaschinenbau AG
  • BOC Edwards
  • Across International
  • ICS Cool Energy Limited
  • Haskris
  • Cole-Parmer Instrument Company, LLC.
  • FRYKA-Kältetechnik GmbH


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Recirculating Chillers Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Recirculating Chillers Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political Landscape
3.4.2.2. Economic and Social Landscape
3.4.2.3. Technological Landscape
3.4.2.4. Environmental Landscape
3.4.2.5. Legal Landscape
Chapter 4. Recirculating Chillers Market: Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Recirculating Chillers Market: Type Movement Analysis, 2023 & 2030 (USD Billion)
4.2.1. Air-cooled
4.2.1.1. Air-cooled Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.2.2. Water-cooled
4.2.2.1. Water-cooled Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Recirculating Chillers Market: Temperature Range Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Recirculating Chillers Market: Temperature Range Movement Analysis, 2023 & 2030 (USD Billion)
5.2.1. -100°C to 0°C
5.2.1.1. -100°C to 0°C Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.2.2. 1°C to 100°C
5.2.2.1. 1°C to 100°C Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.2.3. 101°C to 200°C
5.2.3.1. 101°C to 200°C Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Recirculating Chillers Market: Application Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Recirculating Chillers Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
6.2.1. Industrial
6.2.1.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.2. Laboratory
6.2.2.1. Laboratory Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.3. Medical
6.2.3.1. Medical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.4. Pharmaceuticals
6.2.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.5. Others
6.2.5.1. Other Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Recirculating Chillers Market: Regional Estimates & Trend Analysis
7.1. Recirculating Chillers Market Share, By Region, 2023 & 2030 (USD Billion)
7.2. North America
7.2.1. North America Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.2.2. U.S.
7.2.2.1. U.S. Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.2.3. Canada
7.2.3.1. Canada Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.2.4. Mexico
7.2.4.1. Mexico Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3. Europe
7.3.1. Europe Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.2. UK
7.3.2.1. UK Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.3. Germany
7.3.3.1. Germany Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.3.4. France
7.3.4.1. France Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Asia Pacific Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.2. Japan
7.4.2.1. Japan Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.3. China
7.4.3.1. China Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.4. India
7.4.4.1. India Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.5. Australia
7.4.5.1. Australia Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4.6. South Korea
7.4.6.1. South Korea Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.5. Latin America
7.5.1. Latin America Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.5.2. Brazil
7.5.2.1. Brazil Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6. Middle East and Africa
7.6.1. Middle East and Africa Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6.2. South Africa
7.6.2.1. South Africa Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6.3. UAE
7.6.3.1. UAE Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6.4. Saudi Arabia
7.6.4.1. Saudi Arabia Recirculating Chillers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
8.4.1. Thermo Fisher Scientific Inc.
8.4.1.1. Participant’s Overview
8.4.1.2. Financial Performance
8.4.1.3. Product Benchmarking
8.4.1.4. Recent Developments/ Strategic Initiatives
8.4.2. JULABO GmbH
8.4.2.1. Participant’s Overview
8.4.2.2. Financial Performance
8.4.2.3. Product Benchmarking
8.4.2.4. Recent Developments/ Strategic Initiatives
8.4.3. LAUDA-Brinkmann, LP
8.4.3.1. Participant’s Overview
8.4.3.2. Financial Performance
8.4.3.3. Product Benchmarking
8.4.3.4. Recent Developments/ Strategic Initiatives
8.4.4. Lytron Inc. (Boyd)
8.4.4.1. Participant’s Overview
8.4.4.2. Financial Performance
8.4.4.3. Product Benchmarking
8.4.4.4. Recent Developments/ Strategic Initiatives
8.4.5. PolyScience
8.4.5.1. Participant’s Overview
8.4.5.2. Financial Performance
8.4.5.3. Product Benchmarking
8.4.5.4. Recent Developments/ Strategic Initiatives
8.4.6. SP Industries
8.4.6.1. Participant’s Overview
8.4.6.2. Financial Performance
8.4.6.3. Product Benchmarking
8.4.6.4. Recent Developments/ Strategic Initiatives
8.4.7. Dimplex Thermal Solutions
8.4.7.1. Participant’s Overview
8.4.7.2. Financial Performance
8.4.7.3. Product Benchmarking
8.4.7.4. Recent Developments/ Strategic Initiatives
8.4.8. Peter Huber Kältemaschinenbau AG
8.4.8.1. Participant’s Overview
8.4.8.2. Financial Performance
8.4.8.3. Product Benchmarking
8.4.8.4. Recent Developments/ Strategic Initiatives
8.4.9. BOC Edwards
8.4.9.1. Participant’s Overview
8.4.9.2. Financial Performance
8.4.9.3. Product Benchmarking
8.4.9.4. Recent Developments/ Strategic Initiatives
8.4.10. Across International
8.4.10.1. Participant’s Overview
8.4.10.2. Financial Performance
8.4.10.3. Product Benchmarking
8.4.10.4. Recent Developments/ Strategic Initiatives
8.4.11. ICS Cool Energy Limited
8.4.11.1. Participant’s Overview
8.4.11.2. Financial Performance
8.4.11.3. Product Benchmarking
8.4.11.4. Recent Developments/ Strategic Initiatives
8.4.12. Haskris
8.4.12.1. Participant’s Overview
8.4.12.2. Financial Performance
8.4.12.3. Product Benchmarking
8.4.12.4. Recent Developments/ Strategic Initiatives
8.4.13. Cole-Parmer Instrument Company, LLC.
8.4.13.1. Participant’s Overview
8.4.13.2. Financial Performance
8.4.13.3. Product Benchmarking
8.4.13.4. Recent Developments/ Strategic Initiatives
8.4.14. FRYKA-Kältetechnik GmbH
8.4.14.1. Participant’s Overview
8.4.14.2. Financial Performance
8.4.14.3. Product Benchmarking
8.4.14.4. Recent Developments/ Strategic Initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 Recirculating Chillers market - Industry snapshot & key buying criteria, 2018 - 2030
Table 3 Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 4 Recirculating Chillers market, by Region, 2018 - 2030 (USD Million)
Table 5 Recirculating Chillers market, by Type, 2018 - 2030 (USD Million)
Table 6 Recirculating Chillers market, by Temperature Range, 2018 - 2030 (USD Million)
Table 7 Recirculating Chillers market, by Application, 2018 - 2030 (USD Million)
Table 8 Recirculating Chillers market - Regulatory framework
Table 9 Rack Mounted market, 2018 - 2030 (USD Million)
Table 10 Floor Mounted market, 2018 - 2030 (USD Million)
Table 11 Bench Top market, 2018 - 2030 (USD Million)
Table 12 - 100°C to 0°C market, 2018 - 2030 (USD Million)
Table 13 1°C to 100°C market, 2018 - 2030 (USD Million)
Table 14 101°C to 200°C market, 2018 - 2030 (USD Million)
Table 15 Industrial market, 2018 - 2030 (USD Million)
Table 16 Laboratory market, 2018 - 2030 (USD Million)
Table 17 Medical market, 2018 - 2030 (USD Million)
Table 18 Others market, 2018 - 2030 (USD Million)
Table 19 North America Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 20 North America Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 21 North America Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 22 North America Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 23 U.S. Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 24 U.S. Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 25 U.S. Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 26 U.S. Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 27 Canada Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 28 Canada Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 29 Canada Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 30 Canada Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 31 Europe Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 32 Europe Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 33 Europe Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 34 Europe Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 35 U.K. Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 36 U.K. Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 37 U.K. Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 38 U.K. Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 39 Germany Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 40 Germany Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 41 Germany Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 42 Germany Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 43 France Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 44 France Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 45 France Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 46 France Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 47 Asia Pacific Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 48 Asia Pacific Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 49 Asia Pacific Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 50 Asia Pacific Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 51 China Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 52 China Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 53 China Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 54 China Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 55 India Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 56 India Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 57 India Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 58 India Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 59 Japan Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 60 Japan Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 61 Japan Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 62 Japan Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 63 Latin America Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 64 Latin America Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 65 Latin America Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 66 Latin America Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 67 Mexico Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 68 Mexico Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 69 Mexico Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 70 Mexico Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 71 Brazil Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 72 Brazil Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 73 Brazil Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 74 Brazil Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
Table 75 Middle East & Africa Recirculating Chillers market, 2018 - 2030 (USD Million)
Table 76 Middle East & Africa Recirculating Chillers, by Type, 2018 - 2030 (USD Million)
Table 77 Middle East & Africa Recirculating Chillers, by Temperature Range, 2018 - 2030 (USD Million)
Table 78 Middle East & Africa Recirculating Chillers, by Application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Recirculating Chillers market, by 2018 (USD Million)
Fig. 2 Recirculating Chillers market segmentation
Fig. 3 Value chain analysis
Fig. 4 Recirculating Chillers market dynamics
Fig. 5 Recirculating Chillers market driver impact
Fig. 6 Recirculating Chillers market restraint impact
Fig. 7 Recirculating Chillers market opportunity impact
Fig. 8 Recirculating Chillers penetration & growth prospects mapping
Fig. 9 Recirculating Chillers market - Porter’s five forces
Fig. 10 Recirculating Chillers market - PEST analysis
Fig. 11 Recirculating Chillers market, by Region, 2018 & 2030 (USD Million)
Fig. 12 Recirculating Chillers market, by Type, 2018 & 2030 (USD Million)
Fig. 13 Recirculating Chillers market, by Temperature Range, 2018 & 2030 (USD Million)
Fig. 14 Recirculating Chillers market, by Application, 2018 & 2030 (USD Million)

Companies Mentioned

  • Thermo Fisher Scientific Inc.
  • JULABO GmbH
  • LAUDA-Brinkmann, LP
  • Lytron Inc. (Boyd)
  • PolyScience
  • SP Industries
  • Dimplex Thermal Solutions
  • Peter Huber Kältemaschinenbau AG
  • BOC Edwards
  • Across International
  • ICS Cool Energy Limited
  • Haskris
  • Cole-Parmer Instrument Company, LLC.
  • FRYKA-Kältetechnik GmbH

Methodology

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About the Recirculating Chillers Market

Recirculating chillers are a type of HVAC (Heating, Ventilation, and Air Conditioning) system used to cool air or liquids. They are typically used in industrial and commercial applications, such as in factories, data centers, and hospitals. Recirculating chillers are designed to provide a continuous supply of cooled air or liquid, and are often used in conjunction with other HVAC systems. They are typically more energy efficient than traditional air conditioning systems, and can be used to reduce energy costs. Recirculating chillers are available in a variety of sizes and configurations, and can be used for a variety of applications. They are typically designed to be easy to install and maintain, and can be used in both indoor and outdoor environments. They are also often used in combination with other HVAC systems, such as air handlers and heat pumps, to provide a more efficient cooling system. Some of the companies in the recirculating chillers market include Trane, Carrier, Daikin, Johnson Controls, and York. Show Less Read more

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