Chillers Market Size, Share, Trend Evolution & Competitive Outlook Up to 2031 | At CAGR of 4.2%

Market Summary -

The global market for Chillers was estimated to be worth US$ 8426 million in 2024 and is forecast to a readjusted size of US$ 11115 million by 2031 with a CAGR of 4.2% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global Chillers Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Chillers industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/machinery-equipment-chillers-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

A chiller is a machine that removes heat from a liquid coolant via a vapor-compression, adsorption refrigeration, or absorption refrigeration cycles. This liquid can then be circulated through a heat exchanger to cool equipment, or another process stream (such as air or process water).

They are used in a variety of applications to cool and dehumidify air or to cool process equipment, such as lasers, medical imaging machines, data centers, and manufacturing equipment.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

Market Driven -

The global chillers market is experiencing steady growth, driven by increasing demand for climate control systems across commercial, industrial, and residential sectors. Chillers are essential for HVAC systems, process cooling in manufacturing, and data center temperature regulation. The market is significantly influenced by expanding construction activities, especially in Asia-Pacific, where rapid urbanization and infrastructure development in countries like China and India are boosting adoption.

Technological advancements are reshaping the industry, with a strong shift toward energy-efficient and low-GWP refrigerant chillers. Manufacturers are focusing on innovations such as magnetic bearing compressors, smart controls, and variable speed technologies to enhance performance while meeting environmental regulations. The integration of IoT-based monitoring systems is becoming more common, offering predictive maintenance and operational optimization.

In terms of segmentation, air-cooled chillers dominate the market due to their lower installation cost and space efficiency, especially in commercial buildings. However, water-cooled chillers maintain a strong foothold in large industrial and high-capacity applications. Data centers, food & beverage processing, pharmaceuticals, and chemicals are among the fastest-growing end-use industries for chillers.

Looking forward, the global chillers market is expected to grow at a CAGR of around 4-5% over the next five years. Growth will be fueled by rising demand for cooling in hot climate zones, tightening energy efficiency regulations, and increasing investment in green building certifications like LEED. The focus will remain on sustainability, lifecycle cost reduction, and smart infrastructure integration.

Market Segmentation and Regional -

By Type

0°C to -29°C
-30°C to -49°C
-50°C to -99°C
-100°C or less
Others

By Application

Commercial
Industrial

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Bosch
Carrier
CustomChill, Inc.
Daikin
Dimplex Thermal Solutions
DunAn
Dunham-Bush
Ebara
Guangzhou Teyu Electromechanical
Johnson Controls - Hitachi
Legacy Chiller Systems, Inc.
LG Electronics
Lytron Inc
Maruyama Chillers Corporation
Mirapro
Mitsubshi
Multistack
Parker Hannifin
Rexxam
SCY Chiller
Shinwa Controls Co.,Lt
Smardt Chiller Group
SMC
Thermonics Chillers
TICA
Trane
WEXTEN
Whaley Products

Request for Pre-Order / Enquiry Link: https://qyresearch.in/pre-order-inquiry/machinery-equipment-chillers-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Chillers report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Chillers market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Chillers market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Chillers market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Chillers market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Chillers market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Chillers Product Introduction
1.2 Global Chillers Market Size Forecast (2020-2031)
1.3 Chillers Market Trends & Drivers
1.3.1 Chillers Industry Trends
1.3.2 Chillers Market Drivers & Opportunity
1.3.3 Chillers Market Challenges
1.3.4 Chillers Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Chillers Players Revenue Ranking (2024)
2.2 Global Chillers Revenue by Company (2020-2025)
2.3 Key Companies Chillers Manufacturing Base Distribution and Headquarters
2.4 Key Companies Chillers Product Offered
2.5 Key Companies Time to Begin Mass Production of Chillers
2.6 Chillers Market Competitive Analysis
2.6.1 Chillers Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Chillers Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Chillers as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 0°C to -29°C
3.1.2 -30°C to -49°C
3.1.3 -50°C to -99°C
3.1.4 -100°C or less
3.1.5 Others
3.2 Global Chillers Sales Value by Type
3.2.1 Global Chillers Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Chillers Sales Value, by Type (2020-2031)
3.2.3 Global Chillers Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Commercial
4.1.2 Industrial
4.2 Global Chillers Sales Value by Application
4.2.1 Global Chillers Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Chillers Sales Value, by Application (2020-2031)
4.2.3 Global Chillers Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Chillers Sales Value by Region
5.1.1 Global Chillers Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Chillers Sales Value by Region (2020-2025)
5.1.3 Global Chillers Sales Value by Region (2026-2031)
5.1.4 Global Chillers Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Chillers Sales Value, 2020-2031
5.2.2 North America Chillers Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Chillers Sales Value, 2020-2031
5.3.2 Europe Chillers Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Chillers Sales Value, 2020-2031
5.4.2 Asia Pacific Chillers Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Chillers Sales Value, 2020-2031
5.5.2 South America Chillers Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Chillers Sales Value, 2020-2031
5.6.2 Middle East & Africa Chillers Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Chillers Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Chillers Sales Value, 2020-2031
6.3 United States
6.3.1 United States Chillers Sales Value, 2020-2031
6.3.2 United States Chillers Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Chillers Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Chillers Sales Value, 2020-2031
6.4.2 Europe Chillers Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Chillers Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Chillers Sales Value, 2020-2031
6.5.2 China Chillers Sales Value by Type (%), 2024 VS 2031
6.5.3 China Chillers Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Chillers Sales Value, 2020-2031
6.6.2 Japan Chillers Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Chillers Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Chillers Sales Value, 2020-2031
6.7.2 South Korea Chillers Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Chillers Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Chillers Sales Value, 2020-2031
6.8.2 Southeast Asia Chillers Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Chillers Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Chillers Sales Value, 2020-2031
6.9.2 India Chillers Sales Value by Type (%), 2024 VS 2031
6.9.3 India Chillers Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Bosch
7.1.1 Bosch Profile
7.1.2 Bosch Main Business
7.1.3 Bosch Chillers Products, Services and Solutions
7.1.4 Bosch Chillers Revenue (US$ Million) & (2020-2025)
7.1.5 Bosch Recent Developments
7.2 Carrier
7.2.1 Carrier Profile
7.2.2 Carrier Main Business
7.2.3 Carrier Chillers Products, Services and Solutions
7.2.4 Carrier Chillers Revenue (US$ Million) & (2020-2025)
7.2.5 Carrier Recent Developments
7.3 CustomChill, Inc.
7.3.1 CustomChill, Inc. Profile
7.3.2 CustomChill, Inc. Main Business
7.3.3 CustomChill, Inc. Chillers Products, Services and Solutions
7.3.4 CustomChill, Inc. Chillers Revenue (US$ Million) & (2020-2025)
7.3.5 CustomChill, Inc. Recent Developments
7.4 Daikin
7.4.1 Daikin Profile
7.4.2 Daikin Main Business
7.4.3 Daikin Chillers Products, Services and Solutions
7.4.4 Daikin Chillers Revenue (US$ Million) & (2020-2025)
7.4.5 Daikin Recent Developments
7.5 Dimplex Thermal Solutions
7.5.1 Dimplex Thermal Solutions Profile
7.5.2 Dimplex Thermal Solutions Main Business
7.5.3 Dimplex Thermal Solutions Chillers Products, Services and Solutions
7.5.4 Dimplex Thermal Solutions Chillers Revenue (US$ Million) & (2020-2025)
7.5.5 Dimplex Thermal Solutions Recent Developments
7.6 DunAn
7.6.1 DunAn Profile
7.6.2 DunAn Main Business
7.6.3 DunAn Chillers Products, Services and Solutions
7.6.4 DunAn Chillers Revenue (US$ Million) & (2020-2025)
7.6.5 DunAn Recent Developments
7.7 Dunham-Bush
7.7.1 Dunham-Bush Profile
7.7.2 Dunham-Bush Main Business
7.7.3 Dunham-Bush Chillers Products, Services and Solutions
7.7.4 Dunham-Bush Chillers Revenue (US$ Million) & (2020-2025)
7.7.5 Dunham-Bush Recent Developments
7.8 Ebara
7.8.1 Ebara Profile
7.8.2 Ebara Main Business
7.8.3 Ebara Chillers Products, Services and Solutions
7.8.4 Ebara Chillers Revenue (US$ Million) & (2020-2025)
7.8.5 Ebara Recent Developments
7.9 Guangzhou Teyu Electromechanical
7.9.1 Guangzhou Teyu Electromechanical Profile
7.9.2 Guangzhou Teyu Electromechanical Main Business
7.9.3 Guangzhou Teyu Electromechanical Chillers Products, Services and Solutions
7.9.4 Guangzhou Teyu Electromechanical Chillers Revenue (US$ Million) & (2020-2025)
7.9.5 Guangzhou Teyu Electromechanical Recent Developments
7.10 Johnson Controls - Hitachi
7.10.1 Johnson Controls - Hitachi Profile
7.10.2 Johnson Controls - Hitachi Main Business
7.10.3 Johnson Controls - Hitachi Chillers Products, Services and Solutions
7.10.4 Johnson Controls - Hitachi Chillers Revenue (US$ Million) & (2020-2025)
7.10.5 Johnson Controls - Hitachi Recent Developments
7.11 Legacy Chiller Systems, Inc.
7.11.1 Legacy Chiller Systems, Inc. Profile
7.11.2 Legacy Chiller Systems, Inc. Main Business
7.11.3 Legacy Chiller Systems, Inc. Chillers Products, Services and Solutions
7.11.4 Legacy Chiller Systems, Inc. Chillers Revenue (US$ Million) & (2020-2025)
7.11.5 Legacy Chiller Systems, Inc. Recent Developments
7.12 LG Electronics
7.12.1 LG Electronics Profile
7.12.2 LG Electronics Main Business
7.12.3 LG Electronics Chillers Products, Services and Solutions
7.12.4 LG Electronics Chillers Revenue (US$ Million) & (2020-2025)
7.12.5 LG Electronics Recent Developments
7.13 Lytron Inc
7.13.1 Lytron Inc Profile
7.13.2 Lytron Inc Main Business
7.13.3 Lytron Inc Chillers Products, Services and Solutions
7.13.4 Lytron Inc Chillers Revenue (US$ Million) & (2020-2025)
7.13.5 Lytron Inc Recent Developments
7.14 Maruyama Chillers Corporation
7.14.1 Maruyama Chillers Corporation Profile
7.14.2 Maruyama Chillers Corporation Main Business
7.14.3 Maruyama Chillers Corporation Chillers Products, Services and Solutions
7.14.4 Maruyama Chillers Corporation Chillers Revenue (US$ Million) & (2020-2025)
7.14.5 Maruyama Chillers Corporation Recent Developments
7.15 Mirapro
7.15.1 Mirapro Profile
7.15.2 Mirapro Main Business
7.15.3 Mirapro Chillers Products, Services and Solutions
7.15.4 Mirapro Chillers Revenue (US$ Million) & (2020-2025)
7.15.5 Mirapro Recent Developments
7.16 Mitsubshi
7.16.1 Mitsubshi Profile
7.16.2 Mitsubshi Main Business
7.16.3 Mitsubshi Chillers Products, Services and Solutions
7.16.4 Mitsubshi Chillers Revenue (US$ Million) & (2020-2025)
7.16.5 Mitsubshi Recent Developments
7.17 Multistack
7.17.1 Multistack Profile
7.17.2 Multistack Main Business
7.17.3 Multistack Chillers Products, Services and Solutions
7.17.4 Multistack Chillers Revenue (US$ Million) & (2020-2025)
7.17.5 Multistack Recent Developments
7.18 Parker Hannifin
7.18.1 Parker Hannifin Profile
7.18.2 Parker Hannifin Main Business
7.18.3 Parker Hannifin Chillers Products, Services and Solutions
7.18.4 Parker Hannifin Chillers Revenue (US$ Million) & (2020-2025)
7.18.5 Parker Hannifin Recent Developments
7.19 Rexxam
7.19.1 Rexxam Profile
7.19.2 Rexxam Main Business
7.19.3 Rexxam Chillers Products, Services and Solutions
7.19.4 Rexxam Chillers Revenue (US$ Million) & (2020-2025)
7.19.5 Rexxam Recent Developments
7.20 SCY Chiller
7.20.1 SCY Chiller Profile
7.20.2 SCY Chiller Main Business
7.20.3 SCY Chiller Chillers Products, Services and Solutions
7.20.4 SCY Chiller Chillers Revenue (US$ Million) & (2020-2025)
7.20.5 SCY Chiller Recent Developments
7.21 Shinwa Controls Co.,Lt
7.21.1 Shinwa Controls Co.,Lt Profile
7.21.2 Shinwa Controls Co.,Lt Main Business
7.21.3 Shinwa Controls Co.,Lt Chillers Products, Services and Solutions
7.21.4 Shinwa Controls Co.,Lt Chillers Revenue (US$ Million) & (2020-2025)
7.21.5 Shinwa Controls Co.,Lt Recent Developments
7.22 Smardt Chiller Group
7.22.1 Smardt Chiller Group Profile
7.22.2 Smardt Chiller Group Main Business
7.22.3 Smardt Chiller Group Chillers Products, Services and Solutions
7.22.4 Smardt Chiller Group Chillers Revenue (US$ Million) & (2020-2025)
7.22.5 Smardt Chiller Group Recent Developments
7.23 SMC
7.23.1 SMC Profile
7.23.2 SMC Main Business
7.23.3 SMC Chillers Products, Services and Solutions
7.23.4 SMC Chillers Revenue (US$ Million) & (2020-2025)
7.23.5 SMC Recent Developments
7.24 Thermonics Chillers
7.24.1 Thermonics Chillers Profile
7.24.2 Thermonics Chillers Main Business
7.24.3 Thermonics Chillers Chillers Products, Services and Solutions
7.24.4 Thermonics Chillers Chillers Revenue (US$ Million) & (2020-2025)
7.24.5 Thermonics Chillers Recent Developments
7.25 TICA
7.25.1 TICA Profile
7.25.2 TICA Main Business
7.25.3 TICA Chillers Products, Services and Solutions
7.25.4 TICA Chillers Revenue (US$ Million) & (2020-2025)
7.25.5 TICA Recent Developments
7.26 Trane
7.26.1 Trane Profile
7.26.2 Trane Main Business
7.26.3 Trane Chillers Products, Services and Solutions
7.26.4 Trane Chillers Revenue (US$ Million) & (2020-2025)
7.26.5 Trane Recent Developments
7.27 WEXTEN
7.27.1 WEXTEN Profile
7.27.2 WEXTEN Main Business
7.27.3 WEXTEN Chillers Products, Services and Solutions
7.27.4 WEXTEN Chillers Revenue (US$ Million) & (2020-2025)
7.27.5 WEXTEN Recent Developments
7.28 Whaley Products
7.28.1 Whaley Products Profile
7.28.2 Whaley Products Main Business
7.28.3 Whaley Products Chillers Products, Services and Solutions
7.28.4 Whaley Products Chillers Revenue (US$ Million) & (2020-2025)
7.28.5 Whaley Products Recent Developments
8 Industry Chain Analysis
8.1 Chillers Industrial Chain
8.2 Chillers Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Chillers Sales Model
8.5.2 Sales Channel
8.5.3 Chillers Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

About Us:

QYResearch established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

Contact Us:

Arshad Shaha | Marketing Executive

QY Research, INC.
315 Work Avenue, Raheja Woods,
Survey No. 222/1, Plot No. 25, 6th Floor,
Kayani Nagar, Yervada, Pune 411006, Maharashtra
Tel: +91-8669986909
Emails - arshad@qyrindia.com
Web - https://www.qyresearch.in

This release was published on openPR.