September 14, 2023 04:48 ET | Source: Research and Markets Research and Markets
Dublin, Sept. 14, 2023 (GLOBE NEWSWIRE) -- The "Brine Chillers Market Share, Size, Trends, Industry Analysis Report, By Product Type, By Application, By Industry Vertical, By Region, Segment Forecast, 2023 - 2032" report has been added to ResearchAndMarkets.com's offering. compressor unit
The global brine chillers market is expected to reach USD 16,842.02 million by 2032. The report provides insights into current market dynamics and future growth prospects.
The market's growth is attributed to increasing technological advancements in brine chillers, making them more reliable and efficient. Additionally, government agencies worldwide are implementing regulations to reduce greenhouse emissions and meet energy standards, further driving market demand. Continuous advancements in product capabilities and global availability cater to various industries, increasing product demand.
For example, ENGIE Refrigeration introduced the SPECTRUM Water Chiller with a capacity of 170 to 1,100 kilowatts, suitable for various process cooling applications.
Integration of smart and IoT-enabled features gains traction as chillers equipped with sensors, connectivity, and data analytics enable remote monitoring, predictive maintenance, and performance optimization. These features offer real-time insights, enhance system reliability, enable proactive maintenance, improve efficiency, and reduce downtime, creating new revenue opportunities.
Modular and scalable designs are also becoming popular, offering flexibility in capacity and configuration. Manufacturers provide customization options, delivering application-specific solutions for diverse industries such as food processing, pharmaceuticals, data centers, and chemical manufacturing.
Maintenance and operational costs are among the challenges faced by the industry.
Brine Chillers, Product Type Outlook (Revenue - USD Million, 2023 - 2032)
Brine Chillers, Application Outlook (Revenue - USD Million, 2023 - 2032)
Brine Chillers, Industry Vertical Outlook (Revenue - USD Million, 2023 - 2032)
Brine Chillers, Regional Outlook (Revenue - USD Million, 2023 - 2032)
For more information about this report visit https://www.researchandmarkets.com/r/2ox3gq
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