Centrifugal Water-Cooled Chiller Industry Research: the global market size is projected to grow to USD 4033 million by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Centrifugal Water-Cooled Chiller- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Centrifugal Water-Cooled Chiller market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Centrifugal Water-Cooled Chiller was estimated to be worth US$ 2080 million in 2024 and is forecast to a readjusted size of US$ 4033 million by 2031 with a CAGR of 4.1% during the forecast period 2025-2031.

【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】
https://www.qyresearch.com/reports/5491504/centrifugal-water-cooled-chiller



According to the new market research report "Centrifugal Water-Cooled Chiller - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", published by QYResearch, the global Centrifugal Water-Cooled Chiller market size is projected to grow from USD 2080 million in 2024 to USD 4033 million by 2031, at a CAGR of 4.12% during the forecast period.

Centrifugal Water-Cooled Chiller Market: Strategic Analysis

Executive Summary
Centrifugal water-cooled chillers represent a critical segment within large-scale refrigeration, utilizing centrifugal compressors and water as a cooling medium. Designed for high-capacity applications, these systems are integral to central air conditioning and industrial refrigeration, offering advantages such as substantial cooling capacity, operational stability, high energy efficiency, and extended service life.

Market Size and Growth Trajectory
The global centrifugal water-cooled chiller market is poised for steady expansion. According to recent research, the market is projected to increase from USD 2.08 billion in 2024 to USD 4.03 billion by 2031, reflecting a compound annual growth rate (CAGR) of 4.12% during the forecast period.

Defining Market Trends and Drivers
The evolution of this market is primarily fueled by the dual forces of energy conservation and digital transformation.

Energy Efficiency Imperative: Rising global focus on climate change and operational cost reduction is accelerating demand for advanced chiller technologies. Innovations such as magnetic bearing compressors and high-efficiency variable frequency drives are becoming essential for significantly lowering energy consumption in large commercial and institutional buildings.

Digital Integration: The incorporation of Internet of Things (IoT) sensors and artificial intelligence (AI) is revolutionizing chiller management. These technologies enable intelligent operational monitoring, predictive maintenance, and optimized performance control, thereby enhancing total system efficiency and reliability.

Infrastructure Development: Rapid urbanization and the concurrent boom in constructing data centers, healthcare facilities, and large commercial complexes in emerging economies are providing sustained, long-term demand for these high-performance cooling solutions.

Competitive Landscape: Consolidation and Shift
The market exhibits a concentrated competitive structure, historically dominated by established global players including Carrier, Trane, and Johnson Controls (York). These leaders have collectively commanded a significant share, fortified by strong brand legacy, extensive distribution networks, and deep technological expertise.

A notable shift is underway, however. Chinese manufacturers, exemplified by Gree and Midea, are advancing rapidly through strategic technological acquisitions and focused R&D. Their growing emphasis on next-generation areas like magnetic levitation technology is gradually intensifying competition and reshaping global market shares.

Strategic Opportunities and Regulatory Challenges
The regulatory environment presents a complex mix of challenges and avenues for growth.

Policy as a Catalyst: Worldwide stringent energy efficiency standards and regulations phasing down hydrofluorocarbon (HFC) refrigerants are compelling the replacement of older, inefficient systems. This regulatory push creates a substantial retrofit and replacement market for manufacturers with advanced, compliant solutions.

The Green Building Advantage: The global rise of green building certification programs is transforming high-efficiency centrifugal chillers from a premium option into a standard requirement. This trend offers a clear competitive edge to companies that can provide environmentally superior products with lower global warming potential (GWP).

The Innovation Imperative: Meeting these evolving standards requires continuous and significant investment in research and development, raising the barrier to entry but rewarding those at the forefront of eco-friendly innovation.

Market Drivers and Barriers

Primary Growth Drivers:

Global Energy Efficiency Demand: Stringent international efficiency standards and building owners' operational cost-saving objectives are key forces driving procurement of high-efficiency centrifugal chillers.

Critical Infrastructure Demand: The ongoing global development and modernization of data centers, hospitals, and large commercial complexes form a core application market, valuing the stability and efficiency advantages of centrifugal systems for large-scale cooling.

Foundational Development Needs: Urbanization and industrial-commercial growth worldwide underpin the fundamental demand for reliable, high-capacity cooling sources.

Key Industry Challenges:

High Capital Investment: The initial purchase cost, particularly for advanced models like magnetic levitation chillers, is substantially higher than traditional alternatives, which can deter budget-conscious projects despite long-term savings.

Significant Market Barriers: The market is characterized by high technological and brand-entry barriers, making it challenging for new entrants to compete with the entrenched ecosystems of incumbent leaders.

Refrigerant Transition Pressures: Evolving regulations mandating a shift away from high-GWP refrigerants necessitate technological adaptation, adding complexity and cost to product development cycles.

Future Outlook and Opportunities
The most promising opportunities for industry advancement lie at the confluence of technological innovation and supportive policy frameworks.

The Energy Transition Opportunity: Global "dual-carbon" commitments are generating unprecedented demand for building system upgrades, opening a significant window for high-efficiency chillers utilizing low-GWP refrigerants.

Technology-Led Differentiation: Advancements such as maintenance-free magnetic levitation compressors are increasingly becoming key differentiators and a focal point for value-based competition among manufacturers.

The Service and Solutions Shift: The deep integration of chillers with AI-driven analytics and smart building management platforms is evolving the business model-from selling standalone equipment to providing comprehensive, outcome-based energy efficiency solutions. This transition opens higher-margin, service-oriented revenue streams for forward-thinking companies.


The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Centrifugal Water-Cooled Chiller market is segmented as below:
By Company
Johnson Controls
Trane
Daikin
Carrier
Climaveneta
LG Electronics
Bright Air-Conditioner
Zhejiang SINO KING Refrigeration
Shanghai Nuobing Refrigeration Machinery
Seasongs (Jiangsu) AIR Conditioning Equipment
H.Stars Refrigerating Equipment
SUJING AIMFAR

Segment by Type
Single-Stage Centrifugal Compressor
Two-Stage Centrifugal Compressor
Three-Stage Centrifugal Compressor
Other

Segment by Application
Commercial Buildings
Public Buildings
Industrial Process Cooling

Each chapter of the report provides detailed information for readers to further understand the Centrifugal Water-Cooled Chiller market:

Chapter 1: Introduces the report scope of the Centrifugal Water-Cooled Chiller report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Centrifugal Water-Cooled Chiller manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Centrifugal Water-Cooled Chiller market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Centrifugal Water-Cooled Chiller in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Centrifugal Water-Cooled Chiller in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Centrifugal Water-Cooled Chiller competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Centrifugal Water-Cooled Chiller comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Centrifugal Water-Cooled Chiller market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Centrifugal Water-Cooled Chiller Market Research Report 2025
Global Centrifugal Water-Cooled Chiller Market Outlook, InDepth Analysis & Forecast to 2031
Global Centrifugal Water-Cooled Chiller Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Centrifugal Water Cooled Chillers Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Centrifugal Water Cooled Chillers Market Outlook, InDepth Analysis & Forecast to 2031
Global Water-Cooled Centrifugal Chillers Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Water-Cooled Centrifugal Chillers Market Outlook, InDepth Analysis & Forecast to 2031
Global Water-Cooled Centrifugal Chillers Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2025-2031
Water-Cooled Centrifugal Chillers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Water-Cooled Centrifugal Chillers Market Research Report 2025
Centrifugal Water Cooled Chillers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Centrifugal Water Cooled Chillers Market Research Report 2025
Global Oil-free Water-Cooled Centrifugal Chiller Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Oil-free Water-Cooled Centrifugal Chiller - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Oil-free Water-Cooled Centrifugal Chiller Market Research Report 2025
Global Oil-free Water-Cooled Centrifugal Chiller Market Outlook, InDepth Analysis & Forecast to 2031

About Us:
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 19 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.

Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com
Email: global@qyresearch.com
Tel: 001-626-842-1666(US)
JP: https://www.qyresearch.co.jp

This release was published on openPR.