Global Chiller
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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"Global Chiller market size 2025 is $12769 Million whereas according out published study it will reach to $18075.6 Million by 2033. Chiller market will be growing at a CAGR of 4.44% during 2025 to 2033."
As per the current market study, out of 12769 Million USD global market revenue 2025, North America market holds 26.70% of the market share. The North America Chiller industry grew from 2951.36 Million USD in 2021 to 3409.32 Million USD in 2025 and will record 86.57% growth. In coming future this industry will reach 4663.5 Million by 2033 with a 3.993% CAGR. If we look at the percentage market shares of top North America countries for 2025,United States (78.46%), Canada (13.44%), Mexico (8.10%)
As per the current market study, out of 12769 Million USD global market revenue 2025, Europe market holds 20.80% of the market share. The Europe Chiller industry grew from 2296.69 Million USD in 2021 to 2655.95 Million USD in 2025 and will record 86.47% growth. In coming future this industry will reach 3705.49 Million by 2033 with a 4.251% CAGR. If we look at the percentage market shares of top Europe countries for 2025,United Kingdom (11.90%), Germany (17.20%), France (10.70%), Italy (5.30%), Russia (12.20%), Spain (7.30%), Sweden (5.00%), Denmark (4.30%), Switzerland (3.90%), Luxembourg (2.70%), Rest of Europe (19.50%)
As per the current market study, out of 12769 Million USD global market revenue 2025, Asia Pacific market holds 36.70% of the market share. The Asia Pacific Chiller industry grew from 3917.26 Million USD in 2021 to 4686.22 Million USD in 2025 and will record 83.59% growth. In coming future this industry will reach 6959.09 Million by 2033 with a 5.067% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,China (39.80%), Japan (10.46%), India (18.70%), South Korea (5.10%), Australia (2.43%), Singapore (2.70%), South East Asia (15.27%), Taiwan (2.90%)
As per the current market study, out of 12769 Million USD global market revenue 2025, South America market holds 6.80% of the market share. The South America Chiller industry grew from 622.469 Million USD in 2021 to 868.292 Million USD in 2025 and will record 71.69% growth. In coming future this industry will reach 1247.21 Million by 2033 with a 4.631% CAGR. If we look at the percentage market shares of top South America countries for 2025,Brazil (35.10%), Argentina (11.40%), Colombia (7.90%), Peru (5.40%), Chile (4.90%), Rest of South America (35.30%)
As per the current market study, out of 12769 Million USD global market revenue 2025, Middle East market holds 5.70% of the market share. The Middle East Chiller industry grew from 611.736 Million USD in 2021 to 727.833 Million USD in 2025 and will record 84.05% growth. In coming future this industry will reach 939.929 Million by 2033 with a 3.248% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Saudi Arabia (40.20%), Turkey (22.50%), UAE (11.86%), Egypt (11.60%), Qatar (8.84%), Rest of Middle East (5.00%)
As per the current market study, out of 12769 Million USD global market revenue 2025, Africa market holds 3.30% of the market share. The Africa Chiller industry grew from 332.699 Million USD in 2021 to 421.377 Million USD in 2025 and will record 78.96% growth. In coming future this industry will reach 560.342 Million by 2033 with a 3.627% CAGR. If we look at the percentage market shares of top Africa countries for 2025,Nigeria (24.90%), South Africa (42.40%), Rest of Africa (32.70%)
2021 | 2025 | 2033 | CAGR | |
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Global Chiller Market Sales Revenue | $ 10732.2 Million | $ 12769 Million | $ 18075.6 Million | 4.44% |
North America Chiller Market Sales Revenue | $ 2951.36 Million | $ 3409.32 Million | $ 4663.5 Million | 3.993% |
United States Chiller Market Sales Revenue | $ 2327.44 Million | $ 2674.96 Million | $ 3635.66 Million | 3.91% |
Canada Chiller Market Sales Revenue | $ 390.76 Million | $ 458.213 Million | $ 645.428 Million | 4.375% |
Mexico Chiller Market Sales Revenue | $ 233.157 Million | $ 276.155 Million | $ 382.407 Million | 4.153% |
Europe Chiller Market Sales Revenue | $ 2296.69 Million | $ 2655.95 Million | $ 3705.49 Million | 4.251% |
United Kingdom Chiller Market Sales Revenue | $ 268.713 Million | $ 316.058 Million | $ 448.364 Million | 4.468% |
Germany Chiller Market Sales Revenue | $ 383.548 Million | $ 456.824 Million | $ 659.577 Million | 4.698% |
France Chiller Market Sales Revenue | $ 252.636 Million | $ 284.187 Million | $ 377.96 Million | 3.629% |
Italy Chiller Market Sales Revenue | $ 130.912 Million | $ 140.765 Million | $ 181.569 Million | 3.233% |
Russia Chiller Market Sales Revenue | $ 289.383 Million | $ 324.026 Million | $ 426.131 Million | 3.483% |
Spain Chiller Market Sales Revenue | $ 174.549 Million | $ 193.884 Million | $ 266.795 Million | 4.071% |
Sweden Chiller Market Sales Revenue | $ 119.428 Million | $ 132.798 Million | $ 174.158 Million | 3.447% |
Denmark Chiller Market Sales Revenue | $ 101.055 Million | $ 114.206 Million | $ 155.631 Million | 3.944% |
Switzerland Chiller Market Sales Revenue | $ 94.164 Million | $ 103.582 Million | $ 137.103 Million | 3.567% |
Luxembourg Chiller Market Sales Revenue | $ 66.604 Million | $ 71.711 Million | $ 96.343 Million | 3.76% |
Rest of Europe Chiller Market Sales Revenue | $ 415.702 Million | $ 517.911 Million | $ 781.858 Million | 5.283% |
Asia Pacific Chiller Market Sales Revenue | $ 3917.26 Million | $ 4686.22 Million | $ 6959.09 Million | 5.067% |
China Chiller Market Sales Revenue | $ 1547.32 Million | $ 1865.12 Million | $ 2811.47 Million | 5.264% |
Japan Chiller Market Sales Revenue | $ 425.414 Million | $ 490.179 Million | $ 700.085 Million | 4.556% |
India Chiller Market Sales Revenue | $ 709.024 Million | $ 876.324 Million | $ 1350.06 Million | 5.551% |
South Korea Chiller Market Sales Revenue | $ 219.367 Million | $ 238.997 Million | $ 313.159 Million | 3.436% |
Australia Chiller Market Sales Revenue | $ 103.024 Million | $ 113.875 Million | $ 155.188 Million | 3.945% |
Singapore Chiller Market Sales Revenue | $ 113.601 Million | $ 126.528 Million | $ 173.977 Million | 4.061% |
South East Asia Chiller Market Sales Revenue | $ 590.331 Million | $ 715.586 Million | $ 1004.89 Million | 4.336% |
Taiwan Chiller Market Sales Revenue | $ 121.435 Million | $ 135.9 Million | $ 187.895 Million | 4.133% |
South America Chiller Market Sales Revenue | $ 622.469 Million | $ 868.292 Million | $ 1247.21 Million | 4.631% |
Brazil Chiller Market Sales Revenue | $ 216.619 Million | $ 304.77 Million | $ 444.008 Million | 4.816% |
Argentina Chiller Market Sales Revenue | $ 72.829 Million | $ 98.985 Million | $ 136.695 Million | 4.117% |
Colombia Chiller Market Sales Revenue | $ 48.553 Million | $ 68.595 Million | $ 99.777 Million | 4.795% |
Peru Chiller Market Sales Revenue | $ 34.858 Million | $ 46.888 Million | $ 64.855 Million | 4.138% |
Chile Chiller Market Sales Revenue | $ 31.746 Million | $ 42.546 Million | $ 59.866 Million | 4.361% |
Rest of South America Chiller Market Sales Revenue | $ 217.864 Million | $ 306.507 Million | $ 442.013 Million | 4.683% |
Middle East Chiller Market Sales Revenue | $ 611.736 Million | $ 727.833 Million | $ 939.929 Million | 3.248% |
Saudi Arabia Chiller Market Sales Revenue | $ 242.859 Million | $ 292.589 Million | $ 376.724 Million | 3.21% |
Turkey Chiller Market Sales Revenue | $ 140.088 Million | $ 163.762 Million | $ 208.664 Million | 3.075% |
UAE Chiller Market Sales Revenue | $ 71.94 Million | $ 86.321 Million | $ 114.671 Million | 3.614% |
Egypt Chiller Market Sales Revenue | $ 69.738 Million | $ 84.429 Million | $ 110.912 Million | 3.469% |
Qatar Chiller Market Sales Revenue | $ 52.242 Million | $ 64.34 Million | $ 84.03 Million | 3.394% |
Rest of Middle East Chiller Market Sales Revenue | $ 34.869 Million | $ 36.392 Million | $ 44.929 Million | 2.669% |
Africa Chiller Market Sales Revenue | $ 332.699 Million | $ 421.377 Million | $ 560.342 Million | 3.627% |
Nigeria Chiller Market Sales Revenue | $ 82.177 Million | $ 104.923 Million | $ 141.767 Million | 3.834% |
South Africa Chiller Market Sales Revenue | $ 142.395 Million | $ 178.664 Million | $ 234.783 Million | 3.473% |
Rest of Africa Chiller Market Sales Revenue | $ 108.127 Million | $ 137.79 Million | $ 183.792 Million | 3.667% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Capacity |
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Market Split by End use industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Chiller industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Chiller Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Market Dynamics such as Drivers, Restraints, Opportunities, Trends data
The Machinery and Equipment industry is driven by rapid urbanization, technological advancements, and growing demand for AI and automation. The rising adoption of automation and energy-efficient solutions across industries is propelling market growth. Additionally, the growing construction of smart facilities and innovation in infrastructural development are contributing to market expansion.
However, the Chiller market faces restraints such as high initial capital investments, skilled labor shortages, and stringent regulations. The high capital and operational costs, complexity of operations, and high maintenance costs also impact market growth.
Despite these challenges, the Chiller market offers significant growth opportunities driven by government support, increasing investments, and rising adoption of AI-based technologies. The integration of robotics, IoT, and advanced emission control technologies are emerging trends in the market.
The is expected to witness significant growth, driven by changing preferences towards eco-friendly materials, digitalization, and remote monitoring. Overall, the pharmaceutical and healthcare market is poised for growth, driven by technological advancements, government support, and increasing demand for innovative solutions.
We have various report editions of Chiller Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The competitive analysis of the Machinery and Equipment industry offers detailed insights related to major companies operating in the Chiller market. The report offers detailed competitor analysis, brand mapping of major companies, focusing on key developments such as new product launches, product pipeline, brand analysis, geographic expansion, mergers and acquisitions, partnerships, and joint ventures. The report also provides an overview of each company’s operations, strategies, and financial performance, including revenue (in USD Million), gross margin (%), and market share (%) from 2021 to 2024. The competitor’s analysis includes SWOT analysis, which involves each company’s strengths, weaknesses, opportunities, and threats. The report also examines how companies have adapted to challenges like COVID-19, including changes to their supply chains, product offerings, and customer engagement. Other factors like technological progress, sustainability efforts, and competitive positioning are also covered to give a complete picture of the market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Top Companies Market Share in Chiller Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Chiller Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Chiller market.
The current report Scope analyzes Chiller Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Chiller Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Chiller Industry growth. Chiller market has been segmented with the help of its Type, Capacity End use industry, and others. Chiller market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the current trends and future market projects, Chiller market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Type segmentation analysis of the Chiller. This helps to understand the fastest-growing segments, such as industrial robots, electric motors, material handling systems, or construction equipment, and others. Type segment analysis gives detailed insights into the factors driving growth, such as technological innovations, automation, and energy efficiency. For instances segments like smart machinery and electric-powered equipment are becoming more popular as industries move towards sustainable and cost-effective solutions.
To better understand the performance of each Type segment, several factors are considered. These include technological advancements like IoT and AI integration, changes in consumer demand for more energy-efficient or customizable operation and pricing trends driven by raw material costs and labor. Regulatory impacts also play a role, especially with environmental and safety regulations. This type of analysis offers a clear view of how different types will evolve over time, helping businesses make smarter decisions on investments and strategies. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Type of Chiller analyzed in this report are as follows:
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This report provides a comprehensive forecast of revenue growth for the Chiller industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Capacity segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Capacity segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Capacity of Chiller are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Chiller Market is witnessing significant growth in the near future.
In 2023, the Scroll segment accounted for noticeable share of global Chiller Market and is projected to experience significant growth in the near future.
The S17.5kW segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Daikin Industries (Japan) , Trane Technology (Ireland) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Scroll, Screw, Centrifugal, Reciprocating, Absorption |
Capacity | S17.5kW, 17.650 kW, 51-100 kW, 101-200 KW, 201-350 kW, 351-500 kW, 501-700 kW, 701-900 kW, 901- 1200KW, 1201-1500 kW, 1501-2000 kW, 2001-2500 KW, 52501 kW |
End use industry | Plastics, Food & beverage, Medical & Pharmaceuticals, Chemicals & petrochemicals, Rubber, Printing, Laser cutting, Alternative energy, Others |
List of Competitors | Daikin Industries (Japan), Carrier Corporation(US), Trane Technology (Ireland), Johnson Controls- Hitachi Air Conditioning (Japan), Mitsubishi Electric Corporation (Japan), Smart Chiller Group Inc. (Canada), KKT Chillers (Germany), MTAS.P.A (Italy), Friulair S.R.L (Italy), HYDAC International (Germany), Reynold India Pvt. Ltd (India) |
This chapter will help you gain GLOBAL Market Analysis of Chiller. Further deep in this chapter, you will be able to review Global Chiller Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Chiller. Further deep in this chapter, you will be able to review North America Chiller Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Chiller. Further deep in this chapter, you will be able to review Europe Chiller Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Chiller. Further deep in this chapter, you will be able to review Asia Pacific Chiller Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Chiller. Further deep in this chapter, you will be able to review South America Chiller Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Chiller. Further deep in this chapter, you will be able to review Middle East Chiller Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Chiller. Further deep in this chapter, you will be able to review Middle East Chiller Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Chiller. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Capacity Analysis 2021 - 2033
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Chapter 12 Market Split by End use industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Chiller market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
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Why Scroll have a significant impact on Chiller market? |
What are the key factors affecting the Scroll and Screw of Chiller Market? |
What is the CAGR/Growth Rate of S17.5kW during the forecast period? |
By type, which segment accounted for largest share of the global Chiller Market? |
Which region is expected to dominate the global Chiller Market within the forecast period? |
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