Global Chillers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

List of Tables

The global demand for Chillers Market is presumed to reach the market size of nearly USD 15.75 Billion by 2032 from USD 10.03 Billion in 2023 with a CAGR of 5.14% under the study period 2024-2032.

Chillers are cooling systems used to lower the temperature of equipment, spaces, or processes by removing heat from a liquid. The liquid is then circulated through a heat exchanger to cool machinery, air, or products. Chillers are commonly found in industries like HVAC, food and beverage processing, and chemical production. They help maintain operational efficiency, prevent overheating, and ensure the safety of sensitive equipment. There are different types of chillers, including air-cooled and water-cooled systems, depending on the application and environmental factors.

Market Dynamics

The growth of the Chillers market is primarily driven by increasing industrialization and the need for efficient cooling solutions in manufacturing processes. Industries such as food and beverage, chemicals, pharmaceuticals, and plastics rely heavily on chillers to maintain optimal temperatures during production. The rising demand for HVAC systems, especially in commercial buildings, is another significant factor fueling the market. Additionally, the need for energy-efficient cooling technologies has led to advancements in chillers, which offer lower energy consumption and reduced environmental impact. The increasing focus on sustainability, along with stringent government regulations on greenhouse gas emissions, has further accelerated the adoption of chillers. Moreover, growing urbanization and infrastructure development, particularly in developing regions, are expected to boost the demand for chillers in the near future. However, high initial costs and energy consumption concerns may challenge the Chillers market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Chillers. The growth and trends of Chillers industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Chillers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product

Water-Cooled
Air -Cooled

By Application

Commercial (Corporate Offices, Data Centers, Public Buildings, Mercantile & Service, Healthcare, Others)
Industrial (Chemicals & Pharmaceuticals, Food & Beverage, Metal Manufacturing & Machining, Medical & Pharmaceutical, Plastics, Others)
Residential

By Compressor Type

Screw Chillers
Centrifugal Chillers
Absorption Chillers
Scroll Chillers
Reciprocating Chillers

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Chillers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Chillers market include Trane, Cold Shot Chillers, Tandem Chillers, Drake Refrigeration Inc., Refra, Carrier, FRIGEL FIRENZE S.P.A., Midea, Rite-Temp, Multistack LLC., DAIKIN INDUSTRIES Ltd., General Air Product, ClimaCool Corp., Johnson Controls, Fluid Chillers Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112112290

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. CHILLERS - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Compressor Type
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL CHILLERS MARKET ANALYSIS BY PRODUCT

5.1. Overview By Product
5.2. Historical and Forecast Data Analysis By Product
5.3. Water-Cooled Historic and Forecast Sales By Regions
5.4. Air -Cooled Historic and Forecast Sales By Regions

6. GLOBAL CHILLERS MARKET ANALYSIS BY APPLICATION

6.1. Overview By Application
6.2. Historical and Forecast Data Analysis By Application
6.3. Commercial (Corporate Offices, Data Centers, Public Buildings, Mercantile & Service, Healthcare, Others) Historic and Forecast Sales By Regions
6.4. Industrial (Chemicals & Pharmaceuticals, Food & Beverage, Metal Manufacturing & Machining, Medical & Pharmaceutical, Plastics, Others) Historic and Forecast Sales By Regions
6.5. Residential Historic and Forecast Sales By Regions

7. GLOBAL CHILLERS MARKET ANALYSIS BY COMPRESSOR TYPE

7.1. Overview By Compressor Type
7.2. Historical and Forecast Data Analysis By Compressor Type
7.3. Screw Chillers Historic and Forecast Sales By Regions
7.4. Centrifugal Chillers Historic and Forecast Sales By Regions
7.5. Absorption Chillers Historic and Forecast Sales By Regions
7.6. Scroll Chillers Historic and Forecast Sales By Regions
7.7. Reciprocating Chillers Historic and Forecast Sales By Regions

8. GLOBAL CHILLERS MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE CHILLERS COMPANIES

9.1. Chillers Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF CHILLERS INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Trane
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Cold Shot Chillers
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Tandem Chillers
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. Drake Refrigeration Inc.
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Refra
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Carrier
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. FRIGEL FIRENZE S.P.A.
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Midea
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Rite-Temp
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. Multistack LLC.
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. DAIKIN INDUSTRIES Ltd.
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. General Air Product
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
10.15. ClimaCool Corp.
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments
10.16. Johnson Controls
- 10.16.1 Company Overview
- 10.16.2 Company Revenue
- 10.16.3 Products
- 10.16.4 Recent Developments
10.17. Fluid Chillers Inc
- 10.17.1 Company Overview
- 10.17.2 Company Revenue
- 10.17.3 Products
- 10.17.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies