Chiller Market to Reach USD 16.19 Billion by 2030, Driven by Energy Efficiency, Refrigerant Transition, Data-Centre Cooling, and Smart Monitoring Integration

Mordor Intelligence has published a new report on the Chiller Market offering a comprehensive analysis of trends, growth drivers, and future projections.

Global Chiller Market Size and Growth Outlook

The global Chiller Market was valued at around USD 12.56 billion in 2025 and is expected to grow to about USD 16.19 billion by 2030, reflecting a compound annual growth rate (CAGR) of approximately 5.2%. Key sectors including food & beverage, data centres, commercial buildings, and industrial operations are increasingly demanding precise and efficient cooling solutions to meet both performance and regulatory requirements. Market statistics indicate that Asia-Pacific led the market in volume share, while the fastest growth is expected in the Middle East & Africa as infrastructure expansion and cooling demand rise in extreme climates.

In this report, you will find the latest Chiller Market share data, size projections, and trends that are shaping the way providers and buyers are making decisions in terms of refrigerants, compressor types, cooling methods, and end-use industries.

Report Overview: https://www.mordorintelligence.com/industry-reports/chiller-market?utm_source=openpr

Key Trends in Chiller Market

1. Shift toward Low-GWP and Alternative Refrigerants
The Chiller Market trends point to a decline in use of traditional high Global Warming Potential (GWP) refrigerants (HFCs), with regulatory pressure pushing adoption of HFO-based systems and also natural refrigerants (like CO2, ammonia) in specialized or industrial settings. HFO-based chillers are among the fastest growing refrigerant types, as they offer better compliance with evolving environmental regulations without heavy compromise in performance.

2. Rise of Precision Cooling for Data Centres
With racks and compute loads exceeding previous design limits, especially in large data-centres, there's a demand for more precise cooling solutions. Liquid-ready chillers, strict temperature set-points, and redundant systems are becoming standard. The Chiller Market size for data centres & IT is forecasted to grow faster than many other end-use segments due to this requirement.

3. Water-Cooled vs Air-Cooled Methods Debate
Water-cooled chillers currently dominate the share of installations, owing to their higher efficiency in large systems and existing infrastructures which support cooling towers. However, air-cooled units are gaining traction, especially in areas with water scarcity or where fast installation and lower maintenance are needed. Improved designs (e.g. micro-channel condensers, variable-speed fans) are reducing performance gaps, making air-cooled options more viable for many buyers.

4. Demand Growth in Emerging Regions
Asia-Pacific remains the largest region for the Chiller Market, supported by growth in manufacturing, pharmaceuticals, electronics, and commercial development. The Middle East & Africa region is expected to experience the fastest growth rate. Rapid industrialization, large construction projects, and harsh climatic conditions are combining to boost demand in these geographies.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/chiller-market?utm_source=openpr

Market Segmentation in Chiller Market

The Chiller Market is segmented on the basis of heat rejection method, compressor type, capacity range, refrigerant type, end-user industry, and geography:

By Heat Rejection Method (Type of Cooling):

Water-Cooled

Air-Cooled

By Compressor Type:

Screw Chillers

Scroll Chillers

And more

By Capacity Range:

Less than 50 kW

50 - 350 kW

And more

By Refrigerant Type:

Hydrofluorocarbon (HFC)

Hydrofluoro-olefin (HFO)

And more

By End-User Industry:

Chemicals and Petrochemicals

Food and Beverage

Medical and Pharmaceutical

And more

By Geography:

South America

Europe

Asia-Pacific

And more

Explore Our Full Library of Technology, Media and Telecom Research Industry Reports - https://www.mordorintelligence.com/market-analysis/technology-media-and-telecom?utm_source=openpr

Key Players in the Chiller Market

Carrier Global Corporation - A leading provider of heating, ventilation, and air-conditioning (HVAC) solutions, Carrier offers a wide range of chillers focused on efficiency and sustainability.

Daikin Industries Ltd. - A global HVAC manufacturer headquartered in Japan, Daikin is known for advanced chiller technologies and a strong presence across both residential and industrial cooling markets.

Johnson Controls International - Specializes in building efficiency solutions, including chillers, with emphasis on smart controls, integrated systems, and energy optimization.

Mitsubishi Electric Corporation - A diversified technology company offering chillers and cooling systems designed for commercial, industrial, and data-centre applications worldwide.

Polyscience Inc. - Focuses on temperature control solutions, providing chillers tailored for laboratory, medical, and industrial process applications.

Explore more insights on Chiller market competitive landscape: https://www.mordorintelligence.com/industry-reports/chiller-market/companies?utm_source=openpr

Conclusion

The Chiller Market is set for steady growth, supported by rising demand for energy efficiency, stricter environmental regulations, and the increasing need for precise cooling across industries such as data centres and food & beverage. Market expansion will largely depend on how manufacturers adopt low-GWP refrigerants, optimize cooling methods in line with resource constraints, and enhance compressor technologies for balanced efficiency and performance. With Asia-Pacific maintaining the largest market size and the Middle East & Africa showing the fastest growth, companies that localize production, ensure regulatory compliance, strengthen service networks, and adapt to shifting refrigerant and heat rejection trends are well-positioned to gain competitive advantage. Monitoring Chiller Market statistics and trends across refrigerants, capacity ranges, and end-user industries will be crucial for stakeholders aiming to secure future growth.

For complete market analysis, please visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/chiller-market?utm_source=openpr

Industry Related Reports:

India Chillers Market

The India Chillers Market Report is Segmented by Type of Cooling (Water-Cooled, Air-Cooled), Compressor Type (Screw, Scroll L, Reciprocating, and More), Refrigerant (HFC, HFO/Low-GWP Blends, Natural), Capacity (Sub 100 TR, 100 TR To 350 TR, and More) End-User Industry (Chemicals and Petrochemicals, Food and Beverages, Medical and Pharma, and More) and Geography.

Get more insights: https://www.mordorintelligence.com/industry-reports/india-chillers-market?utm_source=openpr

Canada Data Center Cooling Market

Canada Data Center Cooling Market Report Segments the Industry Into by Cooling Technology (Air-Based Cooling, Liquid-Based Cooling), Data Center Type(Hyperscale (Owned and Leased), Colocation and More), and Tier Type(Tier 1 and 2, Tier 3 and More), Component(service, Equipment).

Get more insights: https://www.mordorintelligence.com/industry-reports/canada-data-center-cooling-market?utm_source=openpr

Europe Air Conditioning Equipment Market

The Europe Air Conditioning Market Report is Segmented by Product Type (Room AC, VRF, Chillers, and More), Cooling Capacity (less Than 8kW, 8-15kW, 15-20kW, Greater Than 20kW), Refrigerant Type (R-32, R-410A, R-290, CO2, and More), Technology (Inverter, Non-Inverter), End User (Residential, Commercial, Industrial), Distribution Channel, and Geography.

Get more insights: https://www.mordorintelligence.com/industry-reports/europe-air-conditioning-equipment-market?utm_source=openpr

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