Chillers Market Research Report 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 and Petrochemicals, Food and Beverages, Medical, Others), by Region- Global Forecast to 2034
Aug-2025 Formats | PDF | Category: Chemical | Delivery: 24 to 72 Hours
“Chillers Market will expand at a compound annual growth rate (CAGR) of 5.1% from 2025 to 2034, from 12.45 Billion in 2025 to 18.52 Billion by 2034. “
Chillers Market: Overview and Growth in the Upcoming Year
The chillers Market is poised for significant growth in the upcoming times due to several crucial factors. originally, the adding demand for cooling results in Various industry similar as food and beverage, pharmaceuticals, and data centers is driving the Market expansion. As these industries continue to expand, the need for efficient and reliable chillers is predictable to rise.
Moreover, technological advancements in chiller systems, such as the growth of energy-efficient models and environmentally friendly refrigerants, are also driving market growth. These innovations not only reduce energy consumption but also help companies meet sustainability objectives.
Furthermore, the growing awareness of the status of maintaining optimal temperatures for equipment and processes is increasing the demand for chillers. Industries are getting the benefits of precise temperature control in improving product quality and operational efficiency.
Overall, the chillers Market is anticipated to substantiation robust expansion in the forthcoming times, driven by adding demand, technological advancements, and a growing emphasis on sustainability.
The Chillers Market is passing significant growth, with a direct impact on Various industry. In the manufacturing sector, chillers are essential for maintaining harmonious temperatures in product processes, icing product quality and effectiveness. The food and beverage industry depend on on chillers for refrigeration during storehouse and transport, extending the shelf life of perishable goods. In the healthcare industry, chillers play a pivotal part in conserving medical inventories and outfit, as well as maintaining optimal conditions for patient comfort. likewise, the rise in demand for sustainable cooling results has driven invention in the bite demand, leading to the development of energy-effective and environmentally friendly systems that profit industry while reducing their carbon footprint.
2034 Updated Report Introduction, Overview, and In-depth industry analysis:
- 100+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Markets.
- 2025 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Chillers Market Featured Companies:
Evaluate the strategic positioning and innovation pipelines of leading market companies-from multinational enterprises to disruptive regional firms. Understand how key players are innovating, expanding, and capturing value, and use competitive benchmarks to plan your next move.
- Mitsubishi Electric Corporation (Japan)
- Smardt Chiller Group, Inc. (Canada)
- Drake Refrigeration Inc. (US)
- PolyScience (US)
- DAIKIN INDUSTRIES, Ltd. (Japan)
- Trane Technologies plc (Ireland)
- Carrier (US)
- Johnson Controls Inc. (Ireland)
- LG Electronics (South Korea)
- Dimplex Thermal Solutions (US)
- Thermax Limited (India)
Chillers Market News
12 March, 2025 Johnson Controls launches YORK® YVAM Air-cooled Magnetic Bearing Chiller in Europe to meet increased Data Centre demand in the region
Johnson Controls, the global leader for smart, safe, healthy and sustainable buildings has expanded the availability of its leading YORK® range of YVAM air-cooled magnetic bearing chillers to Europe to meet the growing demand in the data centre industry. As the European data centre market experiences significant growth driven by AI and cloud computing, the YVAM is a crucial thermal management technology for hyperscale and colocation facilities. Designed to accelerate deployment with an innovative, scalable and consistent platform, the YVAM also plays a role in ensuring compliance with the new European Union policy on energy efficiency and water conservation.
July 21, 2025 LG Expands Availability of Next-Gen Air-Cooled Inverter Scroll Chiller With R32 Refrigerant
LG Electronics (LG) is expanding the global availability of its latest air-cooled Inverter Scroll Chiller, a next-generation heating, ventilation and air-conditioning (HVAC) solution that supports the worldwide shift toward low-Global Warming Potential (GWP) refrigerants and sustainable technologies. The new model adopts R32 refrigerant, which has a GWP approximately 70 percent lower than R410A.
Segmented View of the Industry:
The Chillers Market is mapped through a multidimensional lens-tracking shifts across Product Type, applications, and geographic regions. This segmented approach enables businesses to localize their growth plans and align offerings with the most profitable demand centers.
Segment By Product Type
- Screw chillers
- Scroll chillers
- Centrifugal chillers
- Others
Segment By Power Range
- Less than 50 kW
- 50-200 kW
- More than 200 kW
Segment By Type
- Air Cooled Chiller
- Water Cooled Chiller
Segment By End User
- Chemicals & petrochemicals
- Food & beverages
- Medical
- Others
Global Geographic Coverage:
The report provides in-depth qualitative and quantitative data on the Chillers Market for all of the regions and countries listed below:
North America
North America is a crucial region in the Chillers Market, with the United States leading the Market due to the high demand for chillers in Various industry similar as HVAC, food and beverage, and medicinals. The country’s robust structure development and adding focus on energy-effective cooling systems are driving the Market growth.
Canada is also a significant player in the North American Chillers Market, with a growing demand for chillers in diligence like data centers, healthcare, and process cooling. The emphasis on sustainable practices and strict regulations regarding energy effectiveness are propelling the Market forward in Canada.
Mexico is another important Market in North America, witnessing a rising demand for chillers in sectors like manufacturing, hospitality, and retail. The growing industrialization and urbanization in the country are fueling the relinquishment of chillers for cooling operations.
Overall, the North American Chillers Market is characterized by a competitive geography, technological advancements, and a strong focus on energy effectiveness and sustainability across the region.
Europe
Europe is a crucial region in the global chillers Market, showcasing robust growth and invention in the HVAC industry. Germany, being a major player, offers advanced chillers with energy-effective features. The country’s strict environmental regulations have driven the demand for eco-friendly cooling results. France, on the other hand, focuses on high- quality chillers acclimatized for various operations, from artificial to marketable sectors. Italy has surfaced as a mecca for innovative bite technologies, with a strong emphasis on sustainability and performance.
Spain claims a growing Market for air- cooled chillers, feeding to the adding demand for cost-effective cooling results. The United Kingdom has a different range of chillers, with a growing trend towards smart and connected systems for optimal energy operation. Overall, Europe presents a dynamic geography for chillers, with each country offering unique advantages and openings for Market players to explore and subsidize on.
Asia Pacific
Asia Pacific is a different region with various countries contributing significantly to the Chillers Market. In China, the growing artificial sector and adding demand for HVAC systems are driving the bite Market. India is witnessing rapid-fire urbanization and infrastructural development, leading to a rise in the demand for chillers in marketable and domestic structures. Japan, with its technologically advanced manufacturing sector, is a major player in the chillers Market, fastening on energy-effective results.
South Korea is also passing growth in the bite Market due to the expanding marketable and artificial sectors. Australia has a strong emphasis on sustainability, driving the demand for eco-friendly chillers in the Market. Singapore, with its booming construction assiduity, has a growing need for chillers in marketable structures. Overall, the Asia Pacific region offers vast openings for the chillers Market, with each country showcasing unique trends and demands.
Middle East
The Chillers Market in the Middle East region has been witnessing significant growth due to the adding demand for cooling results in Various industry. Let’s take a detailed look at some of the countries in the Middle East
United Arab Emirates (UAE)- The UAE is a crucial request for chillers, especially in sectors like hospitality, healthcare, and manufacturing. The demand for energy-effective chillers is on the rise, driven by government regulations and sustainability enterprise.
Saudi Arabia– Saudi Arabia, the chillers request is expanding fleetly, driven by the growth of the construction assiduity and the rising need for cooling results in hot climates. The demand for chillers with advanced features like smart controls and variable speed compressors is adding.
Qatar– Qatar’s chillers request is growing steadily, with a focus on green structures and energy effectiveness. The government’s drive towards sustainable development is driving the relinquishment of environmentally friendly chillers in the country.
Overall, the Middle East region offers significant openings for players in the chillers demand, with a growing emphasis on energy effectiveness and sustainability.
Reasons To Buy:
- The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
- The report provides Chillers Market revenues at the worldwide, regional, and country levels with a complete analysis to 2034 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
- To understand the most affecting driving and restraining forces in the market and their impact on the global market.
- Major changes and assessment in market dynamics and developments.
- The objective of the Chillers Market report is to identify new business opportunities using quantitative market forecasts.
- Formulate sales and marketing strategies by gaining an understanding of competitors, their positioning, and strengths & weaknesses.
FAQ – What Global Leaders Are Asking
What is the growth prospect for the Chillers Market by 2034?
With a CAGR of 5.1%, the Chillers market is expected to reach USD 18.52 Billion during forecast period 2025 to 2034.
What is driving the growth of the Chillers Market?
The Chillers Market is being driven by the increasing demand for energy-efficient cooling solutions and the rapid industrialization across various sectors. Growing awareness about environmental sustainability and the need for maintaining precise temperature control in different applications are further fueling the market’s growth.
Who are the key players in the Chillers market, and what are their market shares?
The Chillers market includes major companies like Mitsubishi Electric Corporation (Japan), Smardt Chiller Group, Inc. (Canada), Drake Refrigeration Inc. (US), PolyScience (US), DAIKIN INDUSTRIES, Ltd. (Japan), Trane Technologies plc (Ireland), Carrier (US), Johnson Controls Inc. (Ireland), LG Electronics (South Korea), Dimplex Thermal Solutions (US), Thermax Limited (India).
Specific market share data is not publicly available and is typically provided in detailed, proprietary market research reports.
Which regions are leading the Chillers market growth?
The Chillers market growth is being led by the Asia Pacific region due to rapid industrialization and commercial infrastructure development. North America follows closely, driven by technological advancements and stringent environmental regulations.
Customization: We can provide following things
1) On Market more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
Any Requirement Contact us: https://forinsightsconsultancy.com/contact-us/
Table of Contents
For TOC Contact us: https://forinsightsconsultancy.com/contact-us/
