Chillers Market: By Type, By Product Type, By Power Range, and By End User and Region Forecast 2019-2030
Chillers Market: By Type, By Product Type, By Power Range, and By End User and Region Forecast 2019-2030
Chillers Market size was valued at US$ 13,583.1 million in 2023 and is poised to grow at a CAGR of 4.5% from 2024-2030. Chillers are commonly used in the industrial sector to keep equipment temperature stable and the environment cold. Compressors, evaporators, condensers, control units, power panels, and expansion valves are examples of chiller components. Chillers supply air conditioning by removing heat from commercial and industrial buildings. The market is growing due to an increase in demand for chillers from different industry verticals such as food and drinks, petrochemicals, rubber, plastic, medical, and others. The expansion of the aviation sector and the rise in new commercial construction structures are expected to boost the market.
For example, the Civil Aviation Administration of China (CAAC) reports that China built 27 new airports between 2014 and 2017, increasing the demand for chillers to keep the atmosphere cold. These circumstances are expected to propel market expansion. Furthermore, the rise in average global temperature, which leads to the use of heating, ventilation, and commercial air conditioning (HVAC) systems, promotes market expansion. Based on product type the market is segmented into Screw Chillers, Scroll Chiller, Centrifugal Chiller, and Others.
The scroll market is likely to hold the highest market share over the forecast period. scroll compressor has the advantage of structure, as it has fewer moving parts and less torque variation compared to the reciprocating compressor. However, high initial investment and setup costs, fluctuating raw material prices, and rising demand for variable refrigerant flow (VRF) systems are expected to hinder global chiller market growth. Additionally, technological advancement in chillers is likely to provide lucrative prospects for the market.
Study Period
2025-2031Base Year
2024CAGR
4.5%Largest Market
Asia-PacificFastest Growing Market
North-America
The need for IoT integration in chillers has resulted in the creation of linked chillers. Preventive maintenance, for example, Smart chillers provide less downtime, fewer disturbances, and longer equipment life. As a result, manufacturers are focusing more on developing linked chillers. For instance, Johnson collaborated with Microsoft to develop connected services through the cloud to get insights into operations. Data analytics, remote monitoring, and diagnostics are expected to be the driving factor of the chillers industry. Smart chillers further prevent problems by quickly reacting to emergencies and deteriorating conditions. Thus, the enhanced performance of chillers is resulting in high demand for the market.
Based on region the market is segmented into America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The market in the Asia Pacific is likely to hold a significant revenue share during the forecast period. it is predicted to increase rapidly due to the recovery of the various end-use industries in China, India, and Southeast Asian countries. Global chiller manufacturers are investing in APAC nations to develop manufacturing units to increase their market presence in the region. India is a significant market for the manufacturing process and one of the largest consumers of chillers globally. The focus of the Indian government on the make-in-India project will drive the construction industry in India which will further enhance the demand for chillers during the forecast period in the country.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 13,583.1 million |
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Market CAGR |
4.5% |
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By Type |
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By Product Type |
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By Power Range |
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By End-user Industry |
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By Region |
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The global chillers market size was valued at US$ 13,583.1 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
A.C.M. Kälte Klima S.r.l., Aermec UK Ltd., Afinox Srl, Airedale International Air Conditioning Ltd., Applied Companies Corporation, Carrier Global Corporation, Century Corporation, Cold Shot Chillers, Daikin Industries, Ltd., Danfoss A/S, Drycool Systems India Private Limited, DIMPLEX THERMAL SOLUTIONS, Flamingo Chillers, Friulair S.r.l., Geson Refrigeration Equipment CO., Ltd., Hitachi, Ltd., HYDAC International GmbH, Hyundai Climate Control.Co.ltd., Johnson Controls International PLC, Kawasaki Thermal Engineering Co., Ltd., KKT Chillers by Ait-Deutschland GmbH, LG Electronics Co., Ltd., Mitsubishi Heavy Industries, Ltd., Polyscience Inc., Reynold India Private Limited, Robur SpA, SMARDT CHILLER GROUP INC., Shuangliang Eco-energy Systems Co., Ltd., Thermax Limited, Tika Pro LLC, Trane Technologies Company, LLC, World Energy, Yazaki Energy Systems, Inc. are the major companies operating in the market.
The major challenge of the market is the price volatility coupled with the regulations penetrating to the fluorinated greenhouse gases.
Trends may include advancements in smart chiller technology, the adoption of sustainable refrigerants, and the integration of Internet of Things (IoT) for remote monitoring and control
| 1. Executive Summary |
| 2. Global Chillers Market Introduction |
| 2.1.Global Chillers Market - Taxonomy |
| 2.2.Global Chillers Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Product Type |
| 2.2.3.Power Range |
| 2.2.4.End User ( |
| 2.2.5.Region |
| 3. Global Chillers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Chillers Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Chillers Market By Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Screw Chiller |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Scroll Chiller |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Centrifugal Chiller |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Chillers Market By Product Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Air Cooled Chiller |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Water Cooled Chiller |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Chillers Market By Power Range , 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Less than 50 kW |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. 50-200 kW |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. More than 200 kW |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Chillers Market By End User (, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Chemicals & Petrochemicals |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Food & Beverages |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Medical |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9.Global Chillers Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Chillers Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Screw Chiller |
| 10.1.2.Scroll Chiller |
| 10.1.3.Centrifugal Chiller |
| 10.1.4.Others |
| 10.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Air Cooled Chiller |
| 10.2.2.Water Cooled Chiller |
| 10.3. Power Range Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Less than 50 kW |
| 10.3.2.50-200 kW |
| 10.3.3.More than 200 kW |
| 10.4. End User ( Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Chemicals & Petrochemicals |
| 10.4.2.Food & Beverages |
| 10.4.3.Medical |
| 10.4.4.Others |
| 10.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Chillers Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Screw Chiller |
| 11.1.2.Scroll Chiller |
| 11.1.3.Centrifugal Chiller |
| 11.1.4.Others |
| 11.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Air Cooled Chiller |
| 11.2.2.Water Cooled Chiller |
| 11.3. Power Range Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Less than 50 kW |
| 11.3.2.50-200 kW |
| 11.3.3.More than 200 kW |
| 11.4. End User ( Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Chemicals & Petrochemicals |
| 11.4.2.Food & Beverages |
| 11.4.3.Medical |
| 11.4.4.Others |
| 11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12.Asia Pacific (APAC) Chillers Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Screw Chiller |
| 12.1.2.Scroll Chiller |
| 12.1.3.Centrifugal Chiller |
| 12.1.4.Others |
| 12.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Air Cooled Chiller |
| 12.2.2.Water Cooled Chiller |
| 12.3. Power Range Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Less than 50 kW |
| 12.3.2.50-200 kW |
| 12.3.3.More than 200 kW |
| 12.4. End User ( Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Chemicals & Petrochemicals |
| 12.4.2.Food & Beverages |
| 12.4.3.Medical |
| 12.4.4.Others |
| 12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Chillers Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Screw Chiller |
| 13.1.2.Scroll Chiller |
| 13.1.3.Centrifugal Chiller |
| 13.1.4.Others |
| 13.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Air Cooled Chiller |
| 13.2.2.Water Cooled Chiller |
| 13.3. Power Range Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Less than 50 kW |
| 13.3.2.50-200 kW |
| 13.3.3.More than 200 kW |
| 13.4. End User ( Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Chemicals & Petrochemicals |
| 13.4.2.Food & Beverages |
| 13.4.3.Medical |
| 13.4.4.Others |
| 13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Chillers Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Screw Chiller |
| 14.1.2.Scroll Chiller |
| 14.1.3.Centrifugal Chiller |
| 14.1.4.Others |
| 14.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Air Cooled Chiller |
| 14.2.2.Water Cooled Chiller |
| 14.3. Power Range Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Less than 50 kW |
| 14.3.2.50-200 kW |
| 14.3.3.More than 200 kW |
| 14.4. End User ( Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Chemicals & Petrochemicals |
| 14.4.2.Food & Beverages |
| 14.4.3.Medical |
| 14.4.4.Others |
| 14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.C.M. Kälte Klima S.r.l. |
| 15.2.2.Aermec UK Ltd. |
| 15.2.3.Afinox Srl |
| 15.2.4.Airedale International Air Conditioning Ltd. |
| 15.2.5.Applied Companies Corporation |
| 15.2.6.Carrier Global Corporation |
| 15.2.7.Cold Shot Chillers |
| 15.2.8.Daikin Industries, Ltd. |
| 15.2.9.Danfoss A/S |
| 15.2.10.Drycool Systems India Private Limited |
| 15.2.11.DIMPLEX THERMAL SOLUTIONS |
| 15.2.12.Friulair S.r.l. |
| 15.2.13.Geson Refrigeration Equipment CO., Ltd. |
| 15.2.14.Flamingo Chillers |
| 15.2.15.HYDAC International GmbH |
| 15.2.16.Hyundai Climate Control.Co.ltd. |
| 15.2.17.Johnson Controls International PLC |
| 15.2.18.Kawasaki Thermal Engineering Co., Ltd. |
| 15.2.19.KKT Chillers by Ait-Deutschland GmbH |
| 15.2.20.LG Electronics Co., Ltd. |
| 15.2.21.Mitsubishi Heavy Industries, Ltd. |
| 15.2.22.Polyscience Inc. |
| 15.2.23.Reynold India Private Limited |
| 15.2.24.Robur SpA |
| 15.2.25.SMARDT CHILLER GROUP INC. |
| 15.2.26.Shuangliang Eco-energy Systems Co., Ltd. |
| 15.2.27.Thermax Limited |
| 15.2.28.Tika Pro LLC |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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