Product Code: PM3626
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.
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
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Brine Chillers Market Insights
- 4.1. Brine Chillers Market - Industry Vertical Snapshot
- 4.2. Brine Chillers Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing prevalence for the energy efficiency across the globe
- 4.2.1.2. Technological advancements in refrigeration technology
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Maintenance and Operational Cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Brine Chillers Market Industry Vertical Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Brine Chillers Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 5.3. Air-Cooled Brine Chillers
- 5.3.1. Global Brine Chillers Market, by Air-Cooled Brine Chillers, by Region, 2019-2032 (USD Million)
- 5.4. Water-Cooled Brine Chillers
- 5.4.1. Global Brine Chillers Market, by Water-Cooled Brine Chillers, by Region, 2019-2032 (USD Million)
6. Global Brine Chillers Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 6.3. Industrial Brine Chillers
- 6.3.1. Global Brine Chillers Market, by Industrial Brine Chillers, by Region, 2019-2032 (USD Million)
- 6.4. Commercial Brine Chillers
- 6.4.1. Global Brine Chillers Market, by Commercial Brine Chillers, by Region, 2019-2032 (USD Million)
- 6.5. Residential Brine Chillers
- 6.5.1. Global Brine Chillers Market, by Residential Brine Chillers, by Region, 2019-2032 (USD Million)
7. Global Brine Chillers Market, by Industry Vertical
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 7.3. Food & Beverage
- 7.3.1. Global Brine Chillers Market, by Food & Beverage, By Region, 2019-2032 (USD Million)
- 7.4. Chemical & Petrochemical
- 7.4.1. Global Brine Chillers Market, by Chemical & Petrochemical, By Region, 2019-2032 (USD Million)
- 7.5. Pharmaceutical
- 7.5.1. Global Brine Chillers Market, by Pharmaceutical, By Region, 2019-2032 (USD Million)
- 7.6. HVAC
- 7.6.1. Global Brine Chillers Market, by HVAC, By Region, 2019-2032 (USD Million)
- 7.6. Energy
- 7.6.1. Global Brine Chillers Market, by Energy, By Region, 2019-2032 (USD Million)
- 7.7. Others
- 7.7.1. Global Brine Chillers Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Brine Chillers Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Brine Chillers Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Brine Chillers Market - North America
- 8.3.1. North America: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.3.2. North America: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.3.3. North America: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Brine Chillers Market - U.S.
- 8.3.4.1. U.S.: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Brine Chillers Market - Canada
- 8.3.5.1. Canada: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4. Brine Chillers Market - Europe
- 8.4.1. Europe: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.3. Europe: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Brine Chillers Market - UK
- 8.4.4.1. UK: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.4.3. UK: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Brine Chillers Market - France
- 8.4.5.1. France: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.5.3. France: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Brine Chillers Market - Germany
- 8.4.6.1. Germany: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Brine Chillers Market - Italy
- 8.4.7.1. Italy: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Brine Chillers Market - Spain
- 8.4.8.1. Spain: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Brine Chillers Market - Netherlands
- 8.4.9.1. Netherlands: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Brine Chillers Market - Russia
- 8.4.10.1. Russia: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.5. Brine Chillers Market - Asia Pacific
- 8.5.1. Asia Pacific: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Brine Chillers Market - China
- 8.5.4.1. China: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.4.3. China: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Brine Chillers Market - India
- 8.5.5.1. India: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.5.3. India: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Brine Chillers Market - Malaysia
- 8.5.6.1. Malaysia: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Brine Chillers Market - Japan
- 8.5.7.1. Japan: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Brine Chillers Market - Indonesia
- 8.5.8.1. Indonesia: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Brine Chillers Market - South Korea
- 8.5.9.1. South Korea: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.6. Brine Chillers Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Brine Chillers Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Brine Chillers Market - UAE
- 8.6.5.1. UAE: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Brine Chillers Market - Israel
- 8.6.6.1. Israel: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Brine Chillers Market - South Africa
- 8.6.7.1. South Africa: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.7. Brine Chillers Market - Latin America
- 8.7.1. Latin America: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.3. Latin America: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Brine Chillers Market - Mexico
- 8.7.4.1. Mexico: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Brine Chillers Market - Brazil
- 8.7.5.1. Brazil: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Brine Chillers Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Brine Chillers Market - Argentina
- 8.7.6.1. Argentina: Brine Chillers Market, by Product Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Brine Chillers Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Brine Chillers Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Johnson Controls
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. .Carrier Corporation
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Train Technologies
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Daikin Industries
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Thermax Limited
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Blue Star Limited
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Mitsubishi Electric
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. York International
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Frigel Firenge
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Kirloskar Chillers
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Thermal Care
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Mokon
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. GEA Group
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Midea Group
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Voltas Limited
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development