Russia Chillers Market Size & Outlook, 2023-2030
Russia chillers market, 2018-2030 (US$M)
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Russia chillers market highlights
- The Russia chillers market generated a revenue of USD 88.6 million in 2023 and is expected to reach USD 96.5 million by 2030.
- The Russia market is expected to grow at a CAGR of 1.2% from 2024 to 2030.
- In terms of segment, water-cooled was the largest revenue generating by product in 2023.
- Air-Cooled is the most lucrative by product segment registering the fastest growth during the forecast period.
Chillers market data book summary
| Market revenue in 2023 | USD 88.6 million |
| Market revenue in 2030 | USD 96.5 million |
| Growth rate | 1.2% (CAGR from 2023 to 2030) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-Cooled, Air-Cooled |
| Key market players worldwide | Trane Technologies PLC Class A, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Johnson Controls International PLC, Rite-Hite, Air Products & Chemicals Inc, Honeywell International Inc, ClimaCool, Fluid Chillers, General Air Products, Rite-Temp |
Other key industry trends
- In terms of revenue, Russia accounted for 0.9% of the global chillers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany chillers market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 395.2 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia chillers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chillers market will help companies and investors design strategic landscapes.
Water-cooled was the largest segment with a revenue share of 56.32% in 2023. Horizon Databook has segmented the Russia chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Residential construction continues to be a pivotal sector within the Russian construction market, exerting influence on correlated industries and overall macroeconomic indicators such as GDP and labor market dynamics. The demand for housing, particularly fueled by affordable mortgages, has played a crucial role amid stagnating real incomes in recent years.
The escalating pace of residential construction, fueled by factors like increased housing demand and government initiatives, is a primary driver behind the growing demand for chillers in the market. As new homes and residential complexes are developed, the need for efficient and reliable cooling solutions, met by chillers, becomes integral to maintaining optimal living conditions.
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia chillers market , including forecasts for subscribers. This country databook contains high-level insights into Russia chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia chillers market size, by by product, 2018-2030 (US$M)
Russia Chillers Market Outlook Share, 2023 & 2030 (US$M)
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