PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643564
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643564
U.S. Chiller Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)
The U.S. chiller market is projected to grow from $1,015.5 million in 2024 to $1,284.5 million by 2032, at a compound annual growth rate (CAGR) of 3.1% during 2025-2032. Growth is driven by increasing urbanization, rising construction activities, demand for efficient cooling in data centers, and advancements in energy-efficient technologies. Chillers are becoming integral to HVAC systems, catering to diverse cooling requirements across sectors.
Key Insights
Air-cooled chillers, favored for smaller installations and ease of maintenance, are commonly used in commercial applications. Water-cooled chillers, offering greater efficiency for larger setups, are often employed in industrial environments with substantial cooling needs.
Scroll compressors are reliable for small to medium cooling loads, while screw compressors cater to medium to large capacities, known for their durability. Centrifugal compressors deliver high efficiency in large-scale applications, and reciprocating compressors are valued for versatility and ease of maintenance. Absorption chillers, utilizing heat sources rather than mechanical compressors, are suitable for facilities with available waste heat.
The commercial sector represents the largest application area, including office buildings, hotels, hospitals, and retail spaces. The industrial sector uses chillers for process cooling in manufacturing, chemical processing, and food and beverage production. The residential sector increasingly adopts chillers in high-rise apartments and condominiums for centralized cooling.
The Southern United States holds the largest market share and is the fastest-growing region, driven by warm climates and significant construction activity requiring efficient cooling systems.
Rapid urban development and a construction boom are increasing the demand for HVAC systems, including chillers, in residential and commercial buildings. Data center expansion also fuels demand for efficient cooling to manage IT equipment heat. Technological advancements in IoT and smart technologies enhance chiller efficiency, offering energy and cost savings.
Market trends include the development of energy-efficient chillers to comply with environmental regulations and reduce operational costs, adoption of smart chillers with IoT-based real-time monitoring and automation, and continuous product innovations to meet diverse customer needs.
The competitive landscape is fragmented, with key players focusing on mergers and acquisitions, product innovations, and expanding their portfolios to strengthen market positions.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Type
- 1.4.2. Market Size Breakdown, by Compressor Type
- 1.4.3. Market Size Breakdown, by Power Rating
- 1.4.4. Market Size Breakdown, by Application
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Impact of COVID-19
- 5.4. Sociopolitical Impact
- 5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
- 5.6. Innovation and Technology Trends
- 5.7. Supply Chain and Value Chain Insights
- 5.8. Economic and Regulatory Impact
- 5.9. Market Entry Strategies
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Market Share of Key Players (2024)
- 6.3. Competitive Benchmarking of Key Players
- 6.4. Product Benchmarking of Key Players
- 6.5. Recent Strategic Developments by Key Players
- 6.6. Company Leadership Matrix
Chapter 7. U.S. Market
- 7.1. Overview
- 7.2. Market Volume, by Type (2019-2032)
- 7.3. Market Revenue, by Type (2019-2032)
- 7.4. Market Volume, by Compressor Type (2019-2032)
- 7.5. Market Revenue, by Compressor Type (2019-2032)
- 7.6. Market Volume, by Power Rating (2019-2032)
- 7.7. Market Revenue, by Power Rating (2019-2032)
- 7.8. Market Volume, by Application (2019-2032)
- 7.9. Market Revenue, by Application (2019-2032)
- 7.10. Market Volume, by Country (2019-2032)
- 7.11. Market Revenue, by Country (2019-2032)
Chapter 8. Northeast Market
- 8.1. Overview
- 8.2. Economic Indicators
- 8.3. Demographics and Population Insights
- 8.4. Regional Hotspots
- 8.5. Growth Drivers
- 8.6. Challenges and Barriers
- 8.7. Competitive Strategies
- 8.8. Emerging Players
- 8.9. Import/Export Policies
- 8.10. Compliance Requirements
- 8.11. Emerging Investment Areas
- 8.12. Major Ongoing Projects
- 8.13. Market Size and Forecast
- 8.13.1. Market Volume, by Type (2019-2032)
- 8.13.2. Market Revenue, by Type (2019-2032)
- 8.13.3. Market Volume, by Compressor Type (2019-2032)
- 8.13.4. Market Revenue, by Compressor Type (2019-2032)
- 8.13.5. Market Volume, by Power Rating (2019-2032)
- 8.13.6. Market Revenue, by Power Rating (2019-2032)
- 8.13.7. Market Volume, by Application (2019-2032)
- 8.13.8. Market Revenue, by Application (2019-2032)
Chapter 9. Midwest Market
- 9.1. Overview
- 9.2. Economic Indicators
- 9.3. Demographics and Population Insights
- 9.4. Regional Hotspots
- 9.5. Growth Drivers
- 9.6. Challenges and Barriers
- 9.7. Competitive Strategies
- 9.8. Emerging Players
- 9.9. Import/Export Policies
- 9.10. Compliance Requirements
- 9.11. Emerging Investment Areas
- 9.12. Major Ongoing Projects
- 9.13. Market Size and Forecast
- 9.13.1. Market Volume, by Type (2019-2032)
- 9.13.2. Market Revenue, by Type (2019-2032)
- 9.13.3. Market Volume, by Compressor Type (2019-2032)
- 9.13.4. Market Revenue, by Compressor Type (2019-2032)
- 9.13.5. Market Volume, by Power Rating (2019-2032)
- 9.13.6. Market Revenue, by Power Rating (2019-2032)
- 9.13.7. Market Volume, by Application (2019-2032)
- 9.13.8. Market Revenue, by Application (2019-2032)
Chapter 10. West Market
- 10.1. Overview
- 10.2. Economic Indicators
- 10.3. Demographics and Population Insights
- 10.4. Regional Hotspots
- 10.5. Growth Drivers
- 10.6. Challenges and Barriers
- 10.7. Competitive Strategies
- 10.8. Emerging Players
- 10.9. Import/Export Policies
- 10.10. Compliance Requirements
- 10.11. Emerging Investment Areas
- 10.12. Major Ongoing Projects
- 10.13. Market Size and Forecast
- 10.13.1. Market Volume, by Type (2019-2032)
- 10.13.2. Market Revenue, by Type (2019-2032)
- 10.13.3. Market Volume, by Compressor Type (2019-2032)
- 10.13.4. Market Revenue, by Compressor Type (2019-2032)
- 10.13.5. Market Volume, by Power Rating (2019-2032)
- 10.13.6. Market Revenue, by Power Rating (2019-2032)
- 10.13.7. Market Volume, by Application (2019-2032)
- 10.13.8. Market Revenue, by Application (2019-2032)
Chapter 11. South Market
- 11.1. Overview
- 11.2. Economic Indicators
- 11.3. Demographics and Population Insights
- 11.4. Regional Hotspots
- 11.5. Growth Drivers
- 11.6. Challenges and Barriers
- 11.7. Competitive Strategies
- 11.8. Emerging Players
- 11.9. Import/Export Policies
- 11.10. Compliance Requirements
- 11.11. Emerging Investment Areas
- 11.12. Major Ongoing Projects
- 11.13. Market Size and Forecast
- 11.13.1. Market Volume, by Type (2019-2032)
- 11.13.2. Market Revenue, by Type (2019-2032)
- 11.13.3. Market Volume, by Compressor Type (2019-2032)
- 11.13.4. Market Revenue, by Compressor Type (2019-2032)
- 11.13.5. Market Volume, by Power Rating (2019-2032)
- 11.13.6. Market Revenue, by Power Rating (2019-2032)
- 11.13.7. Market Volume, by Application (2019-2032)
- 11.13.8. Market Revenue, by Application (2019-2032)
Chapter 12. Company Profiles
Chapter 13. Appendix
- 13.1. Sources and References
- 13.2. Related Reports
