Press release
Chillers Market Set to Surge to USD 6.26 Trillion by 2035, Driven by Commercial & Industrial Cooling Demand
Chillers Market
The increased need for precise temperature adjustments in data centers, hospitals, and high-reliability production remains a driving force behind the liberalization of chillers. Nonetheless, regulatory pressure in terms of refrigerant use and the overall energy efficiency of the life cycle is changing procurement trends and the architecture (of systems) in all end-use sectors.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=554
Key Takeaways from Market Study:
Global chillers market is projected to reach USD 6,256.3 billion by 2035.
Market is expected to grow at a CAGR of 3.1% from 2025 to 2035
Compressor chillers segment projected to expand at a CAGR of 3.3%.
Absorption chillers segment expected to grow at a CAGR of 2.1%.
India forecasted to register the highest growth at 4.9% CAGR.
China expected to grow at 3.3% CAGR, followed by the U.S. at 2.4% CAGR.
Absorption chillers market expected to reach USD 2.64 billion by 2034.
Modular chillers market anticipated to grow to USD 7.3 billion by 2035.
Leading Players Driving Innovation in the Chillers Market:
Major players include Trane, Carrier, Johnson Controls, Daikin, Mitsubishi Electric, LG, Blue Star, Midea, and GEA Group.
Key Highlights:
Compressor chillers, the primary growth engine of the market, are projected to deliver a 3.3% CAGR, with strong demand across screw, centrifugal, scroll, and reciprocating configurations.
Absorption chillers are expected to grow at a 2.1% CAGR, supported by rising interest in energy-efficient, low-emission cooling technologies.
Among the major regions, India is forecasted to register the fastest growth at 4.9% CAGR, followed by China at 3.3% and the U.S. at 2.4%, reflecting varying regional adoption patterns and infrastructure investments.
Market Drivers and Trends:
The market's expansion is primarily fueled by growing demand for precise temperature control in critical settings such as data centers, hospitals, and industrial production lines. Rising global temperatures and the need for efficient indoor climate management are reinforcing the need for advanced chiller systems.
Additionally, stricter environmental regulations and the shift toward low-global-warming-potential (GWP) refrigerants are compelling manufacturers to innovate in product design and performance.
Commercial HVAC retrofitting projects, particularly in North America, are also catalyzing market growth by replacing outdated systems with smart, energy-saving chillers.
Chillers Market News:
January 2025 - Daikin unveiled the VRX-series scroll chiller with an inverter compressor integrated and multi-refrigerant control of R-32 and R-1234yf.
August 2024-Johnson Controls made a partnership with the U.S. DOE for pilot testing the ultra-low GWP centrifugal chillers in actual load conditions.
Browse Full Report: https://www.factmr.com/report/554/chillers-market
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global chillers market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.
The chillers market is segmented by product type into compressor chillers (screw, centrifugal, scroll, reciprocating) and absorption chillers. By capacity, it ranges from up to 30 tons to above 150 tons.
Based on cooling technology, it includes air-cooled, water-cooled, and evaporative condensed systems. Coolant types include R134A, R744, R717, HCFCs, HCS, R407C, R404A, R410A, R448A, R449A, and others. The market serves commercial sectors like offices, data centers, and hospitality, and industrial sectors such as chemicals, healthcare, plastics, food & beverage, oil & gas, energy, automotive, and manufacturing. Regionally, it spans North America, Latin America, Europe, Asia Pacific, and MEA.
Check out More Related Studies Published by Fact.MR Research:
Process Chillers Market - https://www.factmr.com/report/1904/process-chillers-market
Portable Chiller Market - https://www.factmr.com/report/3319/portable-chiller-market
Modular Chiller Market - https://www.factmr.com/report/modular-chiller-market
Brine Chillers Market - https://www.factmr.com/report/brine-chillers-market
Absorption Chiller Market - https://www.factmr.com/report/absorption-chiller-market
Contact Us:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
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 Set to Surge to USD 6.26 Trillion by 2035, Driven by Commercial & Industrial Cooling Demand here
News-ID: 4087625 • Views: …
More Releases from Fact.MR Market Research
Antibiotic Residue Test Kits Market Projected Outlook 2033: Technological Advanc …
The global antibiotic residue test kits market, valued at US$ 184.5 million in 2023, is on a trajectory to reach US$ 333.4 million by the end of 2033, expanding at a CAGR of 6.1%, according to a new market report by Fact.MR. This growth is primarily driven by the growing emphasis on food safety, stringent regulatory standards, and increasing adoption of rapid testing technologies across dairy, meat, and food processing…
Extrication Tools Market Trends Through 2033: Key Contributions from Zimatic Cor …
The global extrication tools market is poised for robust expansion, with new projections indicating the market will surge from an estimated valuation of US$ 1,170.9 million in 2023 to US$ 2,082.7 million by 2033, growing at a CAGR of 5.9% during the forecast period (2023-2033), according to a report by Fact.MR.
Extrication tools-essential for rescue operations in road accidents, natural disasters, and emergency evacuations-have become indispensable assets for fire departments, military…
Dental Diagnostic Imaging Equipment Market Outlook 2031 : Strategic Developments …
The global dental diagnostic imaging equipment market is set for substantial growth over the coming decade, with a recent study by Fact.MR projecting the market to rise from US$ 2 billion in 2020 to over US$ 3 billion by 2031, registering a robust CAGR of 6%.
The increasing global focus on oral health, rising prevalence of dental disorders, and growing demand for minimally invasive diagnostic solutions are driving market momentum. With…
Automotive Paint Robots Market Forecast 2028: Innovations and Expansion Led by K …
The global automotive paint robots market is witnessing substantial momentum, driven by the increasing demand for precision painting, cost-efficiency, and the need to reduce operational time in automotive manufacturing processes. According to a recent study published by Fact.MR, the market is on a promising growth trajectory, underpinned by the growing adoption of automation technologies in vehicle production lines across the globe.
As per the report, the majority share of the automotive…
More Releases for Chiller
Chiller Portable AC Reviews: Do Not Buy Chiller Portable Ac Until You Read This!
Chiller Portable AC is an innovative and groundbreaking technology that is set to revolutionize the way we experience and enjoy chilling beverages. Developed by a team of brilliant engineers and designers, Chiller Portable AC combines cutting-edge features and advanced cooling techniques to provide an unparalleled chilling experience.
With Chiller Portable AC, chilling your favorite beverages becomes faster, more efficient, and more convenient than ever before. This next-generation chilling system boasts state-of-the-art…
Chiller Portable Ac Reddit Reviews - Is Chiller Portable AC legit? Read Chiller …
With the scorching heat of summer just around the corner, finding effective ways to stay cool is of paramount importance. While traditional fans can provide some relief, they might not be sufficient when temperatures rise above 30ºC. That's where portable air conditioners come into play, and one affordable option that stands out is the Chiller Portable AC.
Unlike ordinary electric coolers or fans, the Chiller Portable AC takes cooling technology to…
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…
