Sandra van Dijk, Climate Control News
The global HVAC chillers market will grow at a CAGR of close to three per cent during the period 2017-2021, according to the latest research report from Technavio.
The research firm lists screw chillers, scroll chillers, and centrifugal chillers as the three major product segments, of which the screw chillers segment accounted for more than 35 per cent of the market share in 2016.
Technavio's lead analyst, Anju Ajaykumar, said there are three key market drivers contributing to the growth of the chillers market including growing demand for district cooling, replacement of old chillers and developing infrastructure in emerging countries.
He said emerging countries in the Middle East and Asia are experiencing increased demand for district cooling.