Product Code: GVR-4-68038-923-4
Chillers Market Growth & Trends:
The global chillers market size is estimated to reach USD 13,457.0 million by 2030, registering to grow at a CAGR of 4.6% from 2025 to 2030 according to a new report by Grand View Research, Inc. Government initiatives, such as proposed legislation and funding initiatives for cold storage facilities, are likely to positively impact the market growth.
The cold storage sector is one of the key application areas for chillers. In simple terms, cold storage means storing different kinds of goods in a cold environment, where all heat is removed, to preserve items like food and medicines, extend their longevity, and inhibit the growth of bacteria. Cold storages range from warehouses and research labs to restaurants, breweries, and portable transportation devices. Chillers are of vital importance in cold storage, as their key function is to remove heat from one location to another.
The market growth is significantly fueled by the increasing number of commercial construction projects underway worldwide. These projects are related to the development of shopping malls, retail stores, educational institutions, office buildings, public buildings, hospitals, transportation infrastructures, and fitness centres. The ongoing urbanization and industrialization across the world are creating new opportunities for commercial construction projects. This fuels the demand for chillers, which play a vital role in maintaining the temperature, air quality, and ventilation in hospitals, educational buildings, airports, and spas & swimming pools.
Moreover, with the flourishing global travel and tourism industry owing to the increasing disposable income of the middle-class population and ongoing globalization, mid-range hotels are observed to be emerging in large numbers across the world. This fuels the demand for chillers that are installed in hotels for various functions and operations. The surging number of new hotel construction projects across the world is anticipated to fuel the installation of chillers.
Chillers Market Report Highlights:
- Water-cooled chillers held a significant share of 59.5% of the market in 2024, owing to their compact size, high energy efficiency, and long life.
- The commercial application segment held a substantial share of the market at around 48.8% in 2024.
- The screw chillers compressor segment dominated the market and accounted for 49.8% in 2024.
- Asia Pacific chillers industry led the global market and accounted for 45.9% of the revenue share in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Chillers Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. HVAC Systems Market Outlook
- 3.2. Concentration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Distribution Channel Analysis
- 3.3.2. Raw Material Trends
- 3.3.3. Technological Overview
- 3.4. Regulatory Framework
- 3.5. Technology Overview
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.6.4. Industry Opportunities
- 3.7. Vendor Landscape
- 3.8. Economic Mega-Trend Analysis
- 3.9. Impact of Free Trade Agreement on Chillers Market
- 3.10. Impact of ESG on Chillers Market
- 3.11. Trade Analysis
- 3.12. Industry Analysis Tools
- 3.12.1. Porter's Five Forces Analysis
- 3.12.2. Macro-environmental Analysis
Chapter 4. Chillers Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2024 & 2030
- 4.2. Chillers Market Estimates & Forecast, By Product, 2018 to 2030 (USD Million)
- 4.3. Water-Cooled
- 4.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. <50kW
- 4.3.2.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.3. 50-100 kW
- 4.3.3.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.4. 101-500 kW
- 4.3.4.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.5. 501-1000 kW
- 4.3.5.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.6. 1001-1500 kW
- 4.3.6.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.7. >1500kW
- 4.3.7.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. Air-Cooled
- 4.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. <50kW
- 4.4.2.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4.3. 50-100 kW
- 4.4.3.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4.4. 101-500 kW
- 4.4.4.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4.5. 501-1000 kW
- 4.4.5.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4.6. 1001-1500 kW
- 4.4.6.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4.7. >1500kW
- 4.4.7.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Chillers Market: Application Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2024 & 2030
- 5.2. Chillers Market Estimates & Forecast, By Product, 2018 to 2030 (USD Million)
- 5.3. Residential
- 5.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Commercial
- 5.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. Corporate Offices
- 5.4.2.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.3. Data Centers
- 5.4.3.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.4. Public Buildings
- 5.4.4.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.5. Mercantile & Service
- 5.4.5.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.6. Health Care
- 5.4.6.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.7. Others
- 5.4.7.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5. Industrial
- 5.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Chemicals & Petrochemicals
- 5.5.2.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5.3. Food & beverage
- 5.5.3.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5.4. Metal Manufacturing & Machining
- 5.5.4.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5.5. Medical & Pharmaceutical
- 5.5.5.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5.6. Plastics
- 5.5.6.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5.7. Others
- 5.5.7.1. Market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Chillers Market: Compressor Estimates & Trend Analysis
- 6.1. Compressor Movement Analysis & Market Share, 2024 & 2030
- 6.2. Chillers Market Estimates & Forecast, By End-use, 2018 to 2030 (USD Million)
- 6.3. Screw Chillers
- 6.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Centrifugal Chillers
- 6.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Absorption Chillers
- 6.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Scroll Chillers
- 6.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Reciprocating Chillers
- 6.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Chillers Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.2.2. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.2.3. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.2.4. Market estimates & forecast, by compressor 2018 - 2030, (USD
- 7.2.5. U.S.
- 7.2.5.1. Key country dynamics
- 7.2.5.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.5.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.2.5.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.2.5.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Key country dynamics
- 7.2.6.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.6.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.2.6.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.2.6.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Key country dynamics
- 7.2.7.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.7.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.2.7.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.2.7.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.3.3. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.3.4. Market estimates & forecast, by compressor 2018 - 2030, (USD
- 7.3.5. Germany
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.3.5.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.3.5.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.3.6.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.3.6.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.3.7. UK
- 7.3.7.1. Key country dynamics
- 7.3.7.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.3.7.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.3.7.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Key country dynamics
- 7.3.8.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.8.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.3.8.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.3.8.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Key country dynamics
- 7.3.9.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.9.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.3.9.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.3.9.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.3.10. Russia
- 7.3.10.1. Key country dynamics
- 7.3.10.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.10.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.3.10.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.3.10.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.3. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.4. Market estimates & forecast, by compressor 2018 - 2030, (USD
- 7.4.5. China
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.5.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.5.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.6.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.6.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.7.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.7.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4.8. Australia
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.8.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.8.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.8.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4.9. Thailand
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.9.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.9.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.9.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4.10. South Korea
- 7.4.10.1. Key country dynamics
- 7.4.10.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.10.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.10.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.10.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4.11. Indonesia
- 7.4.11.1. Key country dynamics
- 7.4.11.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.11.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.11.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.11.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.4.12. Malaysia
- 7.4.12.1. Key country dynamics
- 7.4.12.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.12.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.4.12.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.4.12.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.5.3. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.5.4. Market estimates & forecast, by compressor 2018 - 2030, (USD
- 7.5.5. Brazil
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.5.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.5.5.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.5.5.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.6.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.5.6.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.5.6.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.6.3. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.6.4. Market estimates & forecast, by compressor 2018 - 2030, (USD
- 7.6.5. Saudi Arabia
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.5.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.6.5.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.6.5.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.6.6. South Africa
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.6.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.6.6.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.6.6.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
- 7.6.7. UAE
- 7.6.7.1. Key country dynamics
- 7.6.7.2. Market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.7.3. Market estimates & forecast, by product 2018 - 2030 (USD Million)
- 7.6.7.4. Market estimates & forecast, by application 2018 - 2030 (USD Million)
- 7.6.7.5. Market estimates & forecast, by compressor 2018 - 2030 (USD Million)
Chapter 8. Chillers Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share/Position Analysis, 2024
- 8.4. Company Heat Map Analysis, 2024
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. Trane
- 8.6.1.1. Participant's overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Recent developments
- 8.6.2. Cold Shot Chillers
- 8.6.2.1. Participant's overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Recent developments
- 8.6.3. Tandem Chillers
- 8.6.3.1. Participant's overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Recent developments
- 8.6.4. Drake Refrigeration, Inc
- 8.6.4.1. Participant's overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Recent developments
- 8.6.5. Refra
- 8.6.5.1. Participant's overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Recent developments
- 8.6.6. Carrier
- 8.6.6.1. Participant's overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Recent developments
- 8.6.7. FRIGEL FIRENZE S.p.A.
- 8.6.7.1. Participant's overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Recent developments
- 8.6.8. Midea
- 8.6.8.1. Participant's overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Recent developments
- 8.6.9. Daikin Industries, Ltd.
- 8.6.9.1. Participant's overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Recent developments
- 8.6.10. Johnson Controls
- 8.6.10.1. Participant's overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Recent developments
- 8.6.11. Rite-Temp
- 8.6.11.1. Participant's overview
- 8.6.11.2. Financial performance
- 8.6.11.3. Product benchmarking
- 8.6.11.4. Recent developments
- 8.6.12. General Air Products
- 8.6.12.1. Participant's overview
- 8.6.12.2. Financial performance
- 8.6.12.3. Product benchmarking
- 8.6.12.4. Recent developments
- 8.6.13. ClimaCool Corp.
- 8.6.13.1. Participant's overview
- 8.6.13.2. Financial performance
- 8.6.13.3. Product benchmarking
- 8.6.13.4. Recent developments
- 8.6.14. Fluid Chillers, Inc.
- 8.6.14.1. Participant's overview
- 8.6.14.2. Financial performance
- 8.6.14.3. Product benchmarking
- 8.6.14.4. Recent developments
- 8.6.15. Multistack International Limited
- 8.6.15.1. Participant's overview
- 8.6.15.2. Financial performance
- 8.6.15.3. Product benchmarking
- 8.6.15.4. Recent developments