Centrifugal Chillers Embrace Stable 14.4% Growth

In 2021, the centrifugal chiller market achieved stable growth of 14.4%, which was attributed to a series of favorable factors.

In 2021, the country entered into a new normal with strengthened investments. Large industrial projects increased sharply, and new projects included those focused around chips, lithium batteries, new energy, pharmacy, and chemical engineering among others. Recovery of industrial-type projects also offered a foundation for the stable development of the centrifugal chiller market in 2021.