Press release
Chillers Market to Reach US$ 11.60 Billion by 2032
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response):
https://www.fairfieldmarketresearch.com/report/chillers-market/request-sample
Market Insights
• Increasing adoption of energy-efficient chillers as industries focus on sustainability and cost reduction.
• Rise in IoT-enabled chiller systems for remote monitoring, predictive maintenance, and optimized energy consumption.
• Growing demand for advanced cooling systems in data centers due to the expansion of cloud computing and AI workloads.
• Modular chillers gaining popularity for their scalability and suitability for industrial and commercial applications.
• Strong demand from petrochemical and chemical industries, where precise temperature control is critical.
• Government incentives and environmental regulations pushing industries toward eco-friendly refrigerants and energy-efficient cooling systems.
• Asia Pacific leads the global market with a projected 35% market share in 2025.
• Water-cooled chillers dominate the product segment with 60% market share in 2025 due to their higher efficiency and longer shelf life.
Market Drivers
1. Government Support for Green Technologies
o Strict energy regulations and incentives such as rebates, tax benefits, and compliance standards encourage the adoption of eco-friendly chillers.
o Integration of Variable Frequency Drives (VFDs), smart IoT systems, and innovative refrigerants is reducing operational costs and boosting efficiency.
o Adoption of energy-efficient chillers leads to a 30-50% reduction in energy consumption, helping industries meet sustainability goals.
2. Shift Toward Smart Chiller Systems
o Innovations in modular chillers, liquid cooling, and AI-driven predictive analytics enhance system flexibility and energy efficiency.
o IoT-enabled chillers allow remote tracking, diagnostics, and failure predictions, minimizing downtime.
o Real-time optimization ensures maximum cooling performance with minimal energy waste.
Business Opportunities
1. Rise of Energy-efficient and Eco-friendly Chillers
o Growing emphasis on reducing carbon footprints and lowering electricity consumption.
o Adoption of low-GWP refrigerants such as R-32, R-290 (propane), and CO2-based cooling systems to meet global emission standards.
o AI-driven predictive maintenance enhances operational efficiency.
2. Booming Demand from Data Centers
o With AI, cloud computing, and edge computing expanding, efficient cooling systems are more crucial than ever.
o Chillers help maintain optimal temperatures, preventing downtime and improving data center processing efficiency.
o Data centers consume 1% of global electricity, with cooling systems accounting for 40% of total energy use, highlighting the need for advanced chillers.
Key Growth Barriers
• High maintenance and operational costs pose challenges, particularly in underdeveloped areas where skilled technicians are scarce.
• Water-cooled chillers require frequent checks to prevent scaling, corrosion, and algae growth.
• Air-cooled chillers demand continuous monitoring to maintain efficiency and reduce dust accumulation.
• Downtime due to maintenance can disrupt industries such as pharmaceuticals, food & beverages, and data centers, leading to financial losses.
Regional Analysis
1. Asia Pacific: Market Leader
o The region is expected to dominate the market with a 35% share in 2025 due to increased demand for sustainable cooling solutions.
o Growing industrialization and expansion in food & beverage, pharmaceutical, and chemical industries contribute to strong market growth.
o Rising development of data centers and commercial buildings drives air conditioning and chiller demand.
2. North America: Moving Toward Eco-friendly Chillers
o The U.S. and Canada lead the regional market, while Mexico emerges as a strong player.
o Regulatory standards such as ASHRAE 90.1, SEER ratings, and F-Gas Regulations drive the demand for energy-efficient cooling solutions.
o Companies investing in sustainability, smart technologies, and industrial expansion are gaining a competitive edge.
Key Players Major companies dominating the global chillers market include:
• Honeywell International, Inc.
• Cold Shot Chillers
• Tandem Chillers
• Drake Refrigeration, Inc.
• Carrier
• Daikin Industries, Ltd.
• Midea
• Trane Technologies
• Johnson Controls
• FRIGEL FIRENZE S.p.A.
• General Air Products
These key players are focusing on sustainability and smart cooling innovations to stay ahead in the competitive landscape.
Recent Industry Developments
• January 2024: Daikin UK acquired Robert Heath Heating Ltd. to enhance its heating service network and support the U.K.'s transition to low-carbon solutions.
• May 2024: Carrier India launched the Made-in-India 30 RB Air-cooled Modular Scroll Chiller, catering to railway, metro, and industrial applications in India.
Market Segmentation
The global chillers market is segmented into:
• By Product Type: Water-cooled, Air-cooled
• By Form: Commercial, Industrial, Residential
• By Production Process: Screw Chillers, Centrifugal Chillers, Absorption Chillers, Scroll Chillers, Reciprocating Chillers
• By Power Range: Less than 50 kW, 50-200 kW, More than 200 kW
• By End-use Industry: Chemicals & Petrochemicals, Food & Beverages, Medical, Others
• By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Explore the Latest Trending Article:
•https://trendingresearchfmr.wordpress.com/2025/01/30/top-companies-leading-the-autonomous-driving-software-market-in-2024/
•https://hackmd.io/@aartifairfield/peastarchmarket
•https://www.linkedin.com/pulse/palm-oil-market-booming-growth-drivers-challenges-oaomf/
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
Email: sales@fairfieldmarketresearch.com
Web: https://www.fairfieldmarketresearch.com/
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Chillers Market to Reach US$ 11.60 Billion by 2032 here
News-ID: 3880972 • Views: …
More Releases from Fairfield Market Research
Battery Production Machine Market to Hit $57.8 Bn by 2032
The global battery production machine market is experiencing significant growth, with market size expected to rise from US$ 16.3 Bn in 2025 to US$ 57.8 Bn by 2032, reflecting a CAGR of 19.8%. The increasing demand for advanced battery production equipment is being driven by the rapid expansion of electric mobility, government incentives, and breakthroughs in solid-state battery technology.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID…
Self-driving Cars Market to Hit $76.73 Bn by 2032, Driven by AI & 5G
The global self-driving cars market is expected to witness significant growth, reaching a market size of US$ 76.73 Bn by 2032, compared to US$ 32.81 Bn in 2025. The market is set to expand at a CAGR of 12.9% from 2025 to 2032, driven by advancements in artificial intelligence (AI), 5G connectivity, and sustainability initiatives.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response):
https://www.fairfieldmarketresearch.com/report/self-driving-cars-market/request-sample
Market…
Wire and Cable Materials Market to Hit US$ 341.96 Mn by 2032 with 5.4% CAGR
The global wire and cable materials market is set to experience robust growth, with projections indicating a rise from US$ 236.82 Mn in 2025 to US$ 341.96 Mn by 2032, reflecting a CAGR of 5.4%. Increasing investments in renewable energy, electric vehicles (EVs), smart grid infrastructure, and 5G connectivity are driving market expansion.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response):
https://www.fairfieldmarketresearch.com/report/wire-cable-materials-market/request-sample
Market Insights
• North America…
IV Tubing Sets Market to Reach $1.7 Bn by 2032, Growing at 3.7% CAGR
The global IV Tubing Sets and Accessories Market is expected to grow steadily, reaching an estimated valuation of US$ 1.7 Bn by 2032 from US$ 1.5 Bn in 2025. The market is projected to expand at a CAGR of 3.7% from 2025 to 2032, driven by rising demand for intravenous (IV) therapy due to an increasing prevalence of chronic illnesses and technological advancements.
Get a Sample PDF Brochure of the Report…
More Releases for Chiller
Modular Chiller Market Outlook- 2027, Acquisition, partnership, and new product …
Market players operating in the modular chiller sector have been driven by a primary aim of offering better products and services. To achieve this objective, they have adopted various strategies including acquisition, partnership, and new product launch. With acquisition of companies specializing in modular chilling, market players aim to strengthen its services and serve their customers in a better manner. They aim to speed up construction projects and offer sustainable…
Water Chiller Market Key Player Analysis By - Advantage Engineering, Mammoth, Le …
Water Chiller Market research report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Water Chiller Market research report is a professional and in-depth study on the current state Water Chiller Industry.
The recent research report on the global Water Chiller market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and…
Aquarium Chiller Market study on Aquarium Chiller to boost the revenue over the …
The report presented here prepares market players to achieve consistent success while effectively dealing with unique challenges in the global Aquarium Chiller market. The analysts and researchers authoring the report have taken into consideration multiple factors predicted to positively and negatively impact the global Aquarium Chiller market. The report includes SWOT and PESTLE analyses to provide a deeper understanding of the global Aquarium Chiller market. All of the leading companies…
Chillers Market with Current Trends Analysis, 2018 to 2028(Chillers market can b …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market.
In…
Research Report and Overview on Chillers Market,2018 to 2028(On the basis of Com …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market.
In…
Chillers Market Expected to Deliver Dynamic Progression until 2028(On the basis …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market.
In…
