Portable Fluid Chiller Market by Trends, Key Players, Segmentation, Forecast to 2025
A portable fluid chiller is a device that removes heat energy from fluid such as air, water, or a glycol mixture. This energy is then circulated through a heat exchanger medium and thus helps to lower down temperature of space. Most of the advanced portable water chillers are capable of lowering temperature of as low as -45 degree F.
Portable fluid chillers add significant logistical benefits because of their compact skid or caster-based plug-and-play design. That is the reason they can be quickly disconnected and integrated with a pump, tank and control system, and cab. Additionally they can be used anywhere as per the convenience.
Several desirable features of the portable fluid chillers such as ease of movement, low cost, and wide integration scopes are some of the factors expected to drive the market growth in the coming few years.
Increasing demands to lower down the temperature in several industrial sectors are expected to boost the portable fluid chillers market in the coming few years.
Moreover, other factors like increasing integration of water regulation valves to minimize use of heat exchanger, optional heat recuperation systems, and ability to reduce heat and noise on production floor are factors projected to offer lucrative gains to the portable water chillers market.
The Portable Fluid Chiller is designed and used to remove heat from the fluid. The fluid may be water, air, or a mixture of the glycol which is circulated through a heat exchanger. A wide variety of portable chillers is available in the market depending upon the capacity. The portable chillers are generally mounted on the casters so that it can be moved easily from one application to another on a plant. The portable fluid chillers are best suited for smaller applications in a plant. The size of the portable fluid chiller plays an important role while designing for a particular application, as an oversized portable fluid chiller may cost more to operate due to excessive cycling.
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Portable Fluid Chiller Market: Drivers and Restraints
The global portable fluid chiller market is expected to grow at a significant CAGR due to an increasing demand from various end-use industries for low and ultra-low temperature as well as process cooling. An increasing preference from various end-use industries such as automotive, chemical processing, semiconductor etc. is expected to create significant demand for portable fluid chiller market over the forecast period. The growth in precision manufacturing processes such as injection molding which require very close control over the process is further projected to create demand for portable fluid chiller during the forecast period. The use of portable fluid chiller is more in the manufacturing processes where there is a chance of overheating which can result in the loss of product or damage of the equipment. Moreover, it offers the comfort of movement from one place to another and is best suited for the variety of small applications.The factors such as cooling of the fluid, the temperature at which the coolant is entering and leaving the chiller, and the amount of coolant flowing through the chiller play an important role while determining the size and suitability of a chiller for a particular application.
Portable Fluid Chiller Market: Segmentation
On the basis of Configuration,
- Water Cooled
- Air Cooled
- Split Systems
On the basis of End Use Industry,
- Oil and Gas
- Power Generation
- Paper Industry
- Automotive Industry
- Steel Industry
- Plastic Injection and Moulding
Portable Fluid Chiller Market: Region Wise Outlook
The global Portable Fluid Chiller Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The North American region is expected to have the largest market share in the global portable fluid chiller market. The rapidly growing industrialization in APEJ region is expected to drive the demand for portable fluid chiller over the forecast period. The portable fluid chiller market in APEJ region is projected to exhibit higher CAGR during the forecast period due to its growing demand from the end use industries in this region. The industrial development in the Latin America region has increased the demand for portable fluid chillers from plastics, power generation, chemical processing, food etc. industries.
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Portable Fluid Chiller Market: Key Players
- Fluid Chillers, Inc.
- Thermonics Corporation
- ADVANTAGE ENGINEERING, INC
- Koolance, Inc.
- Bemco Inc.
- Cooling Technology Inc
- Berg Chilling Systems Inc.
- G&D Chillers
- BV Thermal Systems
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