Page 16 - Climate Control News Aug-Sep 2020

Chiller Feature
Spotlight on chiller
replIacement projects
IT IS NOT UNUSUAL FOR DECADES TO PASS IN BETWEEN CHILLER PURCHASES.
ABOVE: Even the simple task of getting the old chiller out and the new one in can be a challenge.
N TODAY’S WORLD where technology Cost savings and improved reliability will changes at such a rapid pace that is one make a big difference to the bottom line, not to heck of a long time. Moreover, it isn’t a de- mention all of the other benefits that will come cision that can be taken lightly as it is a from improved operating efficiencies. seriousfinancialcommitment. According to research firm Reports and
Most organisations reach a point where they Data, one of the biggest trends taking place
do not have a choice, an outdated chiller requires constant maintenance and a lot of attention to avoid outages.
Sourcing replacement parts can also be a problem.
The main aim is to avoid impacting business operations but as we all know, a new installation can create serious disruptions.
Even the simple task of getting the old chiller out and a new one in can be a challenge.
Despite this, chiller replacement projects are usually worthwhile because today’s newer chill- ers are far more energy efficient than those that were around decades ago.
in the market today is the growth of modular chillers, especially in the Asia Pacific region. The research firm valued the modular chiller
market at $US2.52 billion in 2019.
However, the research firm predicts the
market will grow at a Compound Annual Growth Rate of 5.8% through to 2027.
By then the market will be worth $US3.97 billion.
“The market is witnessing an expanded inter- est from the power generation industry because of its ability to cool and recover heat from the cooling module to increase the cooling system's overall efficiency,” according to its latest re- search report.
CLIMATECONTROLNEWS.COM.AU
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