| Product Code: ETC5694572 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives continues to see a significant influx of chiller imports, with key exporting countries such as China, India, Turkey, Germany, and Thailand dominating the market in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a very concentrated market, which intensified from 2023 to 2024. With a remarkable compound annual growth rate (CAGR) of 27.8% from 2020 to 2024 and a notable growth rate of 21.24% in 2024 alone, the Maldives chiller import sector is experiencing rapid expansion and strong competition among top exporting nations.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Chillers Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Chillers Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Chillers Market - Industry Life Cycle |
3.4 Maldives Chillers Market - Porter's Five Forces |
3.5 Maldives Chillers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Chillers Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.7 Maldives Chillers Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Maldives Chillers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient cooling solutions in the Maldives due to environmental concerns and rising energy costs. |
4.2.2 Growth in tourism and hospitality sectors in the Maldives leading to higher demand for chillers for hotels, resorts, and other establishments. |
4.2.3 Government initiatives promoting the use of sustainable and eco-friendly cooling technologies in the country. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing chillers in the Maldives. |
4.3.2 Limited technical expertise and skilled labor for chiller maintenance and operation in the Maldives. |
4.3.3 Dependence on imports for chiller components and technology, leading to supply chain disruptions and delays. |
5 Maldives Chillers Market Trends |
6 Maldives Chillers Market Segmentations |
6.1 Maldives Chillers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Chillers Market Revenues & Volume, By Scroll, 2021-2031F |
6.1.3 Maldives Chillers Market Revenues & Volume, By Screw, 2021-2031F |
6.1.4 Maldives Chillers Market Revenues & Volume, By Centrifugal, 2021-2031F |
6.1.5 Maldives Chillers Market Revenues & Volume, By Reciprocating, 2021-2031F |
6.1.6 Maldives Chillers Market Revenues & Volume, By Absorption, 2021-2031F |
6.2 Maldives Chillers Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Maldives Chillers Market Revenues & Volume, By Plastic, 2021-2031F |
6.2.3 Maldives Chillers Market Revenues & Volume, By Chemical & Petrochemical, 2021-2031F |
6.2.4 Maldives Chillers Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.5 Maldives Chillers Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.6 Maldives Chillers Market Revenues & Volume, By Medical & Pharmaceutical, 2021-2031F |
6.3 Maldives Chillers Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Maldives Chillers Market Revenues & Volume, By >17.5 kW, 2021-2031F |
6.3.3 Maldives Chillers Market Revenues & Volume, By 17.6-50 kW, 2021-2031F |
6.3.4 Maldives Chillers Market Revenues & Volume, By 51-100 kW, 2021-2031F |
6.3.5 Maldives Chillers Market Revenues & Volume, By 101-200 kW, 2021-2031F |
6.3.6 Maldives Chillers Market Revenues & Volume, By 201-350 kW, 2021-2031F |
6.3.7 Maldives Chillers Market Revenues & Volume, By 351-500 kW, 2021-2031F |
6.3.8 Maldives Chillers Market Revenues & Volume, By 701-900 kW, 2021-2031F |
6.3.9 Maldives Chillers Market Revenues & Volume, By 701-900 kW, 2021-2031F |
7 Maldives Chillers Market Import-Export Trade Statistics |
7.1 Maldives Chillers Market Export to Major Countries |
7.2 Maldives Chillers Market Imports from Major Countries |
8 Maldives Chillers Market Key Performance Indicators |
8.1 Energy efficiency rating of chillers installed in the Maldives. |
8.2 Number of new hotel and resort projects incorporating chillers in their cooling systems. |
8.3 Adoption rate of eco-friendly refrigerants in chillers in the Maldives. |
8.4 Average downtime of chillers in operation. |
8.5 Percentage of chiller maintenance carried out as per scheduled intervals. |
9 Maldives Chillers Market - Opportunity Assessment |
9.1 Maldives Chillers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Chillers Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.3 Maldives Chillers Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Maldives Chillers Market - Competitive Landscape |
10.1 Maldives Chillers Market Revenue Share, By Companies, 2024 |
10.2 Maldives Chillers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |