Colombia HVAC Chillers Market Size Forecast to 2028 - COVID-19 Impact and Country Analysis by Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Type (Scroll Chillers, Screw Chillers, Centrifugal Chillers, and Absorption Chillers), and Application (Commercial, Industrial, and Residential)
The Colombia HVAC chillers market is expected to grow from US$ 65.43 million in 2022 to US$ 80.74 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2022 to 2028.
An HVAC chiller is a thermal device that controls the temperature by circulating cooling liquids such as water, whose temperature is adjusted by the refrigerant cycle. Chillers circulate chilled water through a closed loop to control rising process temperatures. The heated water is then circulated through the chiller unit and undergoes a continuous cycle of refrigeration or absorption while removing heat from a process. Any industrial process, machine, or motor generates immense heat, which is the most common reason for the inefficiencies of processes. If this generated heat is not removed, it will accumulate over time, causing reduced production time, equipment shutdowns, and even premature equipment failure. Implementing cooling solutions into industrial process system design is necessary to avoid failures. Hence, HVAC chillers are commonly used to cool products and machinery for different applications, including injection Molding, tool and die cutting, food and beverage, chemicals, lasers, machine tools, and semiconductors. It is also used for air conditioning in buildings and factories.
Colombia HVAC Chillers Market Analysis, Overview and Dynamics
The Colombia HVAC chillers market is expected to grow from US$ 65.43 million in 2022 to US$ 80.74 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2022 to 2028.
The number of 200-plus meter skyscrapers is increasing across the globe, with three straight years of record-breaking completions (from 2014 to 2016), registering a 441% increase in the total number of such towers. Colombia is one of the most active cities in building skyscrapers, including Hotel Estelar Bocagrande in Cartagena, the Atrio Towers complex, and BD Bacata Tower 1 (260m) and Tower 2 in Bogota. D Bacatá combines a 67-story main tower at a total height of 216m (709 ft). The building will house 405 apartments, 117 offices, a shopping mall with 32 stores, and a hotel with 364 rooms and is designated as the tallest building in Colombia.
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Furthermore, Colombia completed several high-rise buildings construction such as Torre Colpatria (196m/643 ft), Centro de Comercio Internacional (192m/630 ft), Hyatt Regency Bocagrande (190m/623 ft), Museo Parque Central (185m/607 ft), North Point V (184m/604 ft), Torre de Cali (183m/600 ft), and the Icon (175m/574 ft). Several other high-rise buildings under construction in Colombia that are expected to be completed by 2023 are the American World Trade Tower Center Tower 1 (169m), Torre Luxe (181m), etc.
Skyscrapers are complex structures, with many internal and external factors that must be considered while constructing and designing them. In a residential or commercial complex, the air conditioning and ventilation system are of utmost priority; hence, incorporating an effective HVAC system in these complexes is crucial. A high-rise building must have an HVAC system that ensures proper ventilation and maximum comfort. As a result, HAVC chillers are widely used in the cooling and ventilation of skyscrapers.
Colombia HVAC Chillers Market - Key Segments
The Colombia HVAC chillers market is segmented into product type, application, and technology. Based on product type, the Colombia HVAC chillers market is segmented into screw chillers, centrifugal chillers, scroll chillers, and absorption chillers. Based on application, the Colombia HVAC chillers market is segmented into industrial, residential, and commercial. Based on technology, the market is segmented into air-cooled, water-cooled, and steam-fired.
Colombia HVAC Chillers Market - Major Sources and Companies Listed
Company websites, annual reports, financial reports, national government documents, and statistical databases are among the major primary and secondary sources referred to while preparing the report on the Colombia HVAC chillers market. Major companies listed in the Colombia HVAC chillers market growth report are AIREDALE INTERNATIONAL AIR COND; Daikin Industries Ltd; Johnson Controls International; LG Electronics Inc; Mitsubishi Electric Corp; Thermal Care, Inc.; Trane Technologies plc; Drake Refrigeration, Inc; AERMEC S.P.A.; and GEA Group Aktiengesellschaft.
Reasons to Buy Report
- To understand the Colombia HVAC chillers market size landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive market landscape
- To efficiently plan mergers and acquisitions and partnership deals in the Colombia HVAC chillers market analysis by identifying market segments with the most promising probable sales
- To make knowledgeable business decisions from a perceptive and comprehensive analysis of the market performance of various segments in the market
- To obtain the Colombia HVAC chillers market revenue forecast on the basis of various segments for the period 2022–2028.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. HVAC chillers Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Colombia
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Colombia HVAC Chillers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Demand for District Cooling
5.1.2 Upsurge in Count of Skyscrapers
5.2 Market Restraints
5.2.1 High Maintenance Cost
5.3 Market Opportunities
5.3.1 Increasing Number of Data Centers
5.4 Future Trends
5.4.1 Smart, Connected, and Eco-Friendly HVAC Chillers
5.5 Impact Analysis of Drivers and Restraints
6. HVAC Chillers– Colombia Market Analysis
6.1 HVAC Chillers: Colombia Market Overview
6.2 Colombia: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Colombia Market Players Ranking
7. HVAC Chillers Market Analysis – By Technology
7.1 Overview
7.2 HVAC chillers Market, By Technology (2021 and 2028)
7.3 Air-cooled
7.3.1 Overview
7.3.2 Air-cooled: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Water-cooled
7.4.1 Overview
7.4.2 Water-cooled: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Steam-Fired
7.5.1 Overview
7.5.2 Steam-fired: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
8. Colombia HVAC Chillers Market Revenue and Forecast to 2028 – Product
8.1 Overview
8.2 HVAC chillers Market, By Product (2021 and 2028)
8.3 Scroll Chillers
8.3.1 Overview
8.3.2 Scroll Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Screw Chillers
8.4.1 Overview
8.4.2 Screw Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Centrifugal Chillers
8.5.1 Overview
8.5.2 Centrifugal Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Absorption Chillers
8.6.1 Overview
8.6.2 Absorption Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
9. HVAC Chillers Market Revenue and Forecast to 2028 – Application
9.1 Overview
9.2 HVAC chillers Market, By Application (2021 and 2028)
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Residential
9.5.1 Overview
9.5.2 Residential: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
10. HVAC chillers Market - COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Market Initiative
12. Company Profiles
12.1 Airedale International Air Conditioning Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Daikin Industries Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Johnson Controls International Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 LG Electronics Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Mitsubishi Electric Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Thermal Care Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Trane Technologies plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Drake Refrigeration Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Armec SpA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 GEA Group Aktiengesellschaft
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Colombia: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. HVAC chillers Market Segmentation
Figure 2. Colombia HVAC chillers Market Overview
Figure 3. HVAC chillers Market, by Technology
Figure 4. HVAC chillers Market, by Type
Figure 5. HVAC chillers Market, by Application
Figure 6. Colombia PEST Analysis
Figure 7. HVAC chillers Market: Ecosystem Analysis
Figure 8. HVAC chillers Market Impact Analysis of Drivers and Restraints
Figure 9. Colombia: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. HVAC chillers Market Revenue Share, by Technology (2021 and 2028)
Figure 11. Air-cooled: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Water-cooled: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Steam-fired: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. HVAC chillers Market Revenue Share, by Product (2021 and 2028)
Figure 15. Scroll Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Screw Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Centrifugal Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Absorption Chillers: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. HVAC chillers Market Revenue Share, by Application (2021 and 2028)
Figure 20. Commercial: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Industrial: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Residential: HVAC Chillers Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies - Colombia HVAC Chillers Market
- AIREDALE INTERNATIONAL AIR COND
- Daikin Industries Ltd
- Johnson Controls International
- LG Electronics Inc
- Mitsubishi Electric Corp
- Thermal Care, Inc.
- Trane Technologies plc
- Drake Refrigeration, Inc
- AERMEC S.P.A.
- GEA Group Aktiengesellschaft
- To understand the Colombia HVAC chillers market size landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive market landscape
- To efficiently plan mergers and acquisitions and partnership deals in the Colombia HVAC chillers market analysis by identifying market segments with the most promising probable sales
- To make knowledgeable business decisions from a perceptive and comprehensive analysis of the market performance of various segments in the market
- To obtain the Colombia HVAC chillers market revenue forecast on the basis of various segments for the period 2022–2028