Study reveals increased demand for process chillers
According to the report, growing emphasis on better price-to-performance ratio in various end-use sectors is expected to contribute to the rise in the process chillers market by the end of 2029.
Global sales of process chillers reached over 320,000 units in 2018, as disclosed by a new research study by Fact.MR, Rockville, Md. According to the analysis, the process chillers market is foreseen to grow by about 4.5% year over year in 2019, primarily influenced by the demand in process cooling in the plastics and food and beverage industries.
According to the report, growing emphasis on better price-to-performance ratio in various end-use sectors is expected to contribute to the rise in the process chillers market by the end of 2029. Likewise, growth in product innovations in the plastics and food and beverage industries are also boosting demand.