Powering Industry with Precision Cooling

India’s industrialization, urbanization and infrastructural development are driving tremendous growth in the industrial chiller market in the country. With increased demand for energy efficient and sustainable cooling solutions, industrial chillers, which are used for cooling in a range of industries from manufacturing to pharmaceuticals to food and beverage to chemicals, are being increasingly adopted. The manufacturing sector’s growth is one of the key growth drivers, driven by government programs, such as 'Make in India' and 'Production Linked Incentive (PLI) schemes'. Domestic and foreign investments are attracted for these programs and new manufacturing units need advanced cooling systems, thus fuelling demand of industrial chillers. In addition, the growing interest in precision manufacturing and automation is driving industries to more advanced temperature control solutions.

This market is also growing in pharmaceutical and healthcare sectors in wake of increased vaccine production and expansion of cold chain infrastructure. In the same way, the food and beverage industry is booming, spurred by an increase in the need for processed and packaged foods, which require ideal cooling systems. The other important factor is the increasing demand for energy efficient and ecofriendly technologies. R&D in India by industrial chiller manufacturers has been looking towards developing systems that are compliant with the global environmental standards, equipped with innovations like variable speed drives, eco-friendly refrigerants, and IoT enabled monitoring systems. Rising adoption of modular and portable chillers is also benefiting the Indian market, addressing small and medium enterprises. Advancements in after-sales service and maintenance support, along with competitive pricing, is further pushing the market forward.

In this special issue, we introduce you to the top companies from this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.

We welcome your feedback and suggestion that you may have concerning this special issue.