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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Chiller Market Size
The Vietnam chiller market is projected to grow at a CAGR of 5.20% between 2024 and 2032.
Vietnam Chiller Market Outlook
- As per industry reports, the food and beverage sector in Vietnam is projected to witness 10.92 per cent growth in value in 2024 compared to the previous year, fuelling the demand for industrial chillers that can preserve food quality.
- As reported by the Economist Intelligence Unit (EIU), in 2022, Vietnam's healthcare spending reached around USD 18.5 billion, creating lucrative opportunities for medical chillers in CT scanners.
- There is a growing trend towards modular chiller systems in Vietnam due to the increasing demand for flexibility and scalability.
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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Australia
63 Fiona Drive, Tamworth, NSW
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124