Chillers Market: By Type (Screw Chiller, Scroll Chiller, Centrifugal Chiller, and Others), By Product Type (Air Cooled Chiller and Water-Cooled Chiller), By Power Range (50 Kw, 50-200 Kw, and More Than 200 Kw), and By End User (Chemical and Petrochemicals, Food and Beverages, Medical, and Others) and Geography 

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Chillers Market Size was valued at USD 13,583.1 million in 2023 and is poised to grow at a CAGR of 4.5% over 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 global chillers 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 global chillers market is segmented into Screw Chillers, Scroll Chiller, Centrifugal Chiller, and Others. The scroll chillers 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 global chillers market.

Chillers Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.5%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Chillers Market Dynamics

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 smart chillers market.

Chillers Market Segmentation

By Type
  • Screw Chiller
  • Scroll Chiller
  • Centrifugal Chiller
  • Others
By Product Type
  • Air Cooled Chiller
  • Water Cooled Chiller
By Power Range
  • Less than 50 kW
  • 50-200 kW
  • More than 200 kW
By End-user Industry
  • Chemicals & Petrochemicals
  • Food & Beverages
  • Medical
  • Others

Frequently Asked Questions

Asia Pacific is growing at the highest 4.5% CAGR over 2023- 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 Chiller Market.

The major challenge of chillers 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

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
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 
  • 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.

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