Applied
2.10.2 Mexico
Mexico is the second-largest chiller market in Latin America after Brazil. Its market scale in 2014 fell by 6.3% over 2013, down to US$ 92.4 million. All chiller segments saw decreases. The centrifuga...
2.10.1 Brazil
Brazil recorded chiller demand of US$ 177.7 million in 2014, a sharp rise of 21.5% over the previous year. Reciprocating, screw, and scroll chillers accounted for US$ 135.8 million, centrifugal chille...
2.10 Latin America
The chiller market in Latin America has expanded as Chinese, Japanese, and Korean manufacturers accelerated their business exploration in local markets. According to BSRIA, Latin America’s chil...
2.9.3 Iran
Iran’s real GDP growth in 2014 saw the second consecutive year of negative growth. Under the leadership of moderate Hassan Rouhani as president and with the nuclear agreement reached this summer set to end economic sanctions, there are hopes for economic revitalization and increased business opportunities in the country. Iran’s market size for chillers was US$ 154.8 million in 2014, a 1.1% ...
2.9.2 UAE
The UAE’s real GDP growth came to 3.61% in 2014, its highest growth in seven years. The recovery trend was evident, including in the construction sector, which saw a turn to positive growth after stagnation in the years following the 2009 Dubai debt shock. Dubai is slated to host the World Expo in 2020, which is expected to increase construction of large-scale facilities. The total size of ...
2.9.1 Saudi Arabia
Saudi Arabia maintained the largest scale of the four key markets in the Middle East in 2014. Saudi Arabia’s market size for chillers was US$ 196.6 million in 2014, a 27.5% decrease compared with US$ ...
2.9 Middle East
In 2014, the Middle Eastern economy as a whole suffered a slowdown due to declines in oil production, political transitions, and conflict. According to BSRIA, the overall chiller market in the ...
2.8.6 Singapore
Singapore is calling for diversification of energy applications and uses liquid natural gas (LNG) for electricity generation. Singapore encourages green buildings as a way to reduce carbon emissions. As a talent and logistics hub in Asia, Singapore is also where many multinational corporations locate their headquarters. Many Japanese companies are setting up Asian regional headquarters in Singapor...
2.8.5 The Philippines
In the Philippines, large-capacity chillers are mainly water-cooled, while small-capacity chillers are air-cooled. Trane, York, and Carrier dominate the market and are especially strong in the centrifugal segment. Trane is promoting its newest CVGF gear-drive centrifugal water chiller, CenTraVac water-cooled liquid chiller, and RTHD model and RTWD model helical rotary liquid chillers, which...
2.8.4 Vietnam
Vietnam’s chiller market size was US$ 32.6 million in 2014, an increase of 1.8% compared with 2013. The reciprocating, screw, and scroll chiller segment recorded US$ 14.8 million at a 12.5% growth rate, which compensated for the 4.7% decline in the centrifugal chiller segment. Vietnam enjoys geographic advantages, with deep seaports and convenient shipping routes to Europe and the United St...
