Skip to main content

COVID-19 Business Impact on Chiller Market Growth Opportunities, Market Share & Trends

According to estimates, the value of the global construction industry will rise from $10.5 trillion in 2017 to $12.8 trillion by 2022, primarily because of the launch of residential building, metro rail, and airport construction projects around the world. For example, there were 115 under-construction high-rise buildings in London in 2018. Similarly, the number of such under-construction projects was 42 in Chicago in 2019. On the other hand, India is planning to build 100 airports over the next 15 years.


This will be primarily because of their greater cost-effectiveness than the water-cooled variants. Across the world, the sales of chillers were observed to be the highest in the Asia-Pacific (APAC) region till 2019, and this trend will continue in the coming years as well. This is attributed to the fact that chillers are extensively used in China, on account of the country’s booming construction sector and rail network and the increasing number of office complexes and airports in the country.


The increasing global temperature, on account of the extensive burning of fossil fuels such as natural gas and coal, is the main factor responsible for the mushrooming demand for chillers across the world. The burning of these fossil fuels causes the release of various greenhouse gases (GHG) such as nitrous oxides, carbon dioxide, and methane into the atmosphere. Moreover, the increasing GHG concentration in the environment is fueling the absorption of infrared radiation by the atmosphere.

Therefore, it can be said with full confidence that the demand for chillers will soar all over the world in the future years, primarily because of the expanding construction sector and the increasing global temperature. This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

Comments

Post a Comment

Popular posts from this blog

BFSI Using Advanced Security Solutions to Protect Data and Financial Assets

Banks and financial institutions are gradually shifting their core applications over to the cloud network, to offer a personalized banking experience, mitigate the risks associated with conventional technologies, improve the operational control of platforms, reduce capital expenditure, and meet the growing need for real-time analysis of high-volume data. However, the deployment of the cloud infrastructure escalates the risk of cyberattacks, as the data is stored at remote locations.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security-market/report-sample To combat the cyber threat, such institutions are increasingly adopting a range of advanced security solutions. The financial service sector has become a prime target for cybercriminals, as it centers around financial assets and generates massive unstructured data. Moreover, progressive steps such as the adoption of online banking and shift toward digital processes have increased the pro
Post a Comment
Read more

RF Semiconductor Market a $5.0-Billion Investment Opportunity by 2030

The major factors leading to the rising demand for radiofrequency (RF) semiconductors are the increasing popularity of smartphones, enhancements in the wireless communication technologies, and escalating adoption of the internet of things (IoT). As a result, from $2.1 billion in 2019, the market of RF semiconductor will witness an 8.8% CAGR during 2020–2030 (forecast period), to reach $5.0 billion by 2030. Made of semiconductor materials, such components enable RF communication in an array of sectors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report/report-sample The material segment of the market is classified into indium phosphate, gallium arsenide, gallium nitride, silicon, and silicon germanium. Among these, during the historical period (2014–2019), the largest share was held by the gallium arsenide category because RF semiconductors made from this material consume less power, account for low power dissipation, ca
Post a Comment
Read more

How Is Consumer Electronics Sector Helping Silicon on Insulator Market Grow?

Currently, the major players of the silicon on insulator market are taking strategic measures, such as product launches, facility expansions, partnerships, geographical expansions, client wins, and mergers and acquisitions, to gain a competitive edge in the market. For example, in January 2019, Soitec SA extended its collaboration with Samsung Foundry to increase the volume supply of FD-SOIs.  With the new agreement, these companies extended their partnership and secured a high-volume supply of FD-SOI wafers to cater to the surging demand for SOI wafers in consumer, automotive, and internet of things (IoT) applications. The wafer type segment of the silicon on insulator market is categorized into radio-frequency SOI (RF-SOI), power-SOI, imager-SOI, photonics-SOI, fully depleted SOI (FD-SOI), and partially depleted SOI (PD-SOI).  In 2018, the RF-SOI category generated the highest revenue, due to the escalating use of RF-SOI in advanced LTE smartphones and huge investments made in the
Post a Comment
Read more