India Chiller Market Forecast 2018-2031: Trends and Competition | TechSci Research
The increasing demand of energy efficient chillers and growing industrialization in India are the leading factors that will drive the India Chiller market in the forecast years. According to TechSci Research report, “ India Chiller Market - By Region, Competition, Forecast & Opportunities, 2031F,” the India Chiller market is forecast to grow at an impressive CAGR of around 8.29% in the forecast period due to rapidly surging demand from commercial and industrial sector. The market's growth is stimulated by rising temperature, increasing industrialization, growth of construction industry and increasing government initiatives. The demand for chillers in the projected period will likely register sustainable growth due to global warming and increasing demand for cooling solutions. A chiller is a device that uses a vapor-compression or absorption refrigeration cycle to remove heat from a liquid. A refrigerant serves as the operating fluid inside a vapor-compression chiller. Whi...