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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Chiller Market Share
Based on end use, the market is divided into food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others. The food and beverage sector occupies a substantial market share to meet the rising demand for processed and packaged goods both locally and internationally. Additionally, the demand for chillers is on the rise as several large-scale production facilities in Vietnam seek efficient and dependable cooling solutions.
Vietnam Chiller Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.20% between 2024 and 2032.
The market is being driven due to growing infrastructural development in Vietnam, the rise of end-use sectors such as food and beverage and manufacturing, and increased demand for cooling systems in the residential and commercial sectors.
The key trends aiding the market include Vietnam's tropical climate requiring effective cooling solutions in different industrial sectors, increased efforts by the government to encourage the growth of smart cities, and advancements in chiller technology.
Based on the type of cooling, market segmentations include water cooled and air cooled.
Various end uses are food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others.
The major players in the market are Daikin Industries Ltd., Carrier Global Corp., LG Corp., Johnson Controls International Plc, Trane Technologies Plc, Panasonic Holdings Corp., Mitsubishi Electric Corporation, and Ebara Corp., among others.
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