Global Chiller Market Projected to Reach $8.9 Billion by 2030, Driven by Industrial Demand and Technological Advancements [Yahoo! Finance]
Trane Technologies plc (TT)
Company Research
Source: Yahoo! Finance
Market Growth Overview The chiller market is showing a substantial growth globally, with expectations to reach a marker size of approximately $8.9 billion by the end of 2030, according to the latest industry analysis. This growth trajectory is estimated to occur with a Compound Annual Growth Rate (CAGR) of 3.9% from 2024 to 2030. The significant factors propelling this expansion include heightened industrial process cooling requirements and a surge in the demand for absorption chillers. Segmentation and Regional Insights The global chiller market is segmented by type, with screw chillers predicted to showcase the highest growth in the forthcoming years. Market differentiation also occurs via application in diverse end-use industries including plastics, food & beverage, medical & pharmaceuticals, chemicals & petrochemicals, and the alternative energy sector. Geographically, North America is anticipated to experience the highest growth over the forecast period, largely due to tec
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News
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at JPMorgan Chase & Co. from $247.00 to $300.00. They now have a "neutral" rating on the stock.MarketBeat
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at Wells Fargo & Company from $281.00 to $295.00. They now have an "underweight" rating on the stock.MarketBeat
- Trane Technologies to Present at the Bank of America Transportation, Airlines, and Industrials ConferenceBusiness Wire
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at TD Cowen from $325.00 to $360.00. They now have a "buy" rating on the stock.MarketBeat
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at Citigroup Inc. from $355.00 to $366.00. They now have a "buy" rating on the stock.MarketBeat
TT
Earnings
- 4/30/24 - Beat
TT
Sec Filings
- 4/30/24 - Form S-3ASR
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- TT's page on the SEC website