Water Chillers Market Outlook: USD 9.1 Billion Forecasted by 2033
Tuesday, 5 March 2024, 04:00
Water Chillers Market Overview
The water chillers market is poised for significant growth, with projections indicating a rise from USD 6.3 billion in 2023 to USD 9.1 billion by 2033 at a CAGR of 3.8%.
Key Factors Driving Growth
- Urbanization: Urbanization trends are fueling the expansion of the market globally.
- China's Influence: China's robust construction sector, driven by urbanization and industrialization, is expected to boost market growth significantly.
- Market Forecast: The market is set to benefit from increasing urbanization, rising income levels, and industrial development.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.