Chillers Market Size, Share, Research and Competitive Landscape 2030
The global chillers market is anticipated to reach USD 13,457.0 million by 2030 and is anticipated to grow at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Government initiatives, such as proposed legislation and funding initiatives for cold storage facilities, are likely to positively impact the market growth. The cold storage sector is one of the key application areas for chillers. In simple terms, cold storage means storing different kinds of goods in a cold environment, where all heat is removed, to preserve items like food and medicines, extend their longevity, and inhibit the growth of bacteria. Cold storages range from warehouses and research labs to restaurants, breweries, and portable transportation devices. Chillers are of vital importance in cold storage, as their key function is to remove heat from one location to another. The market growth is significantly fueled by the increasing number of commercial cons...