The Chillers Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Chillers Market?
The size of the chillers market has been steadily expanding in past years. The market is expected to increase from $10.68 billion in 2024 to $11.14 billion in 2025, representing a compound annual growth rate (CAGR) of 4.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Chillers Industry?
By 2029, the chillers market is projected to reach $13.22 billion, growing at a compound annual growth rate (CAGR) of 4.4%.
Download Your Free Sample of the 2025 Chillers Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Chillers Market?
The key drivers in the chillers market are:
• Urbanization and the growth of megacities driving the demand for cooling solutions
• Expansion of data centers and IT infrastructure
• The adoption of chillers in food and beverage processing fields
• The rising demand for district cooling systems in urban developments
Global Market Segmentation: Identifying Major Chillers Industry Segments
The chillers market covered in this report is segmented –
1) By Product Type: Air Cooled Chiller, Water Cooled Chiller
2) By Power Range: Less than 50 kW, 50-200 kW, More than 200 kW
3) By Compressor Type: Screw Chillers, Centrifugal Chillers, Absorption Chillers, Reciprocating Chillers
4) By End User: Commercial, Industrial, Residential
Pre-order the 2025 Chillers Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Chillers Market?
The key trends in the food pathogen testing market are:
• The transition towards low-GWP refrigerants is a key emerging trend.
• Integration with smart building systems is increasingly defining the future.
• The popularity of modular and scalable chiller systems is expected to rise.
• Adoption of heat recovery chillers for cogeneration and advanced controls and predictive analytics are other important emerging trends.
Who Are the Top Competitors & Leading Players in the Chillers Market?
Major companies in the chillers market are:
• Carrier Corporation
• Daikin Industries Ltd.
• Trane Technologies plc
• Hitachi Air Conditioning Company Ltd.
• Johnson Controls International plc
• Thermax Limited
• Smardt Chiller Group Inc.
• Mitsubishi Electric Corporation
• Midea Group Co. Ltd.
• LG Electronics Inc.
• Reynold India Pvt. Ltd.
• Dimplex Thermal Solutions
• Frigel Firenze SpA
• Friulair S.R.L.
• HYDAC International GmbH
• Thermal Care Inc.
• SKM Air Conditioning
• Meccanotecnica Applicata S.r.l.
• KKT Chillers
• Delta T Systems Inc.
• Chase Cooling Systems
• TopChiller
• CAREL UK Ltd.
• Frost Italy S.r.l.
• Cold Shot Chillers
• York International Corporation
• Multistack LLC
• Airedale International Air Conditioning Ltd.
• Blue Star Limited
• Danfoss A/S
• Climaveneta S.p.A.
• Lennox International Inc.
Regional Dominance: Which Area Leads the Global Chillers Market?
Asia-Pacific was the largest region in the Chillers market in 2024
