The Industrial Air Chiller 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 Industrial Air Chiller Market?
The market size of the industrial air chiller has experienced significant growth in recent years. The value of the market increased from $4.99 billion in 2024 to $5.24 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Industrial Air Chiller Industry?
The Industrial Air Chiller market is predicted to expand to a size of $6.51 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.6% during this period.
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What are the Key Growth Drivers Fueling the Industrial Air Chiller Market?
The key drivers in the industrial air chiller market are:
• Growing adoption of renewable energy sources
• Increasing interest in post-purchase services and customer support
• Increased resilience to climate change and extreme weather conditions
• More investment in research and development initiatives
Global Market Segmentation: Identifying Major Industrial Air Chiller Industry Segments
The industrial air chiller market covered in this report is segmented –
1) By Type: Centrifugal Chillers, Reciprocating Chillers, Scroll Compressor Chillers, Screw Driver Chillers
2) By Function: Stationary, Transport
3) By End User Industry: Food And Beverage, Pharmaceutical, Utility And Power, Oil And Gas, Other End User Industries
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What are the Emerging Trends Shaping the Future of the Industrial Air Chiller Market?
The key trends in the industrial air chiller market are:
• The industrial air chiller market is seeing a shift towards adoption of renewable energy sources.
• There is an increased focus on offering after-sales services to customers.
• The market is becoming more resilient to climate change.
• There's a growing trend of increased emphasis on precision cooling.
Who Are the Top Competitors & Leading Players in the Industrial Air Chiller Market?
Major companies in the industrial air chiller market are:
• Johnson Controls International PLC
• Mitsubishi Electric Corporation
• Daikin Industries Ltd.
• Trane Technologies Company LLC
• Carrier Global Corporation
• Blue Star Limited
• Airedale International Air Conditioning Ltd.
• Hiver Aircon Pvt. Ltd.
• GEM Orion Machinery Private Limited
• Jiangsu Huazhao Refrigeration Equipment Co. Ltd.
• Fujitsu General Limited
• Haier Group Corporation
• Midea Group
• Ingersoll Rand Inc.
• Panasonic Holdings Corporation
• Hitema International S.r.l.
• HYDAC Technology GmbH
• KKT chillers Inc.
• Lennox International Inc.
• LG Electronics Inc.
• MTA S.p.A.
• Multistack LLC
• Parker-Hannifin Corporation
• Process Cooling Systems Inc.
• Reynold India Pvt. Ltd.
• Rittal GmbH & Co. KG
• Shanghai Shenglin M&E Technology Co. Ltd.
• Sterling HVAC Products
• Thermal Care Inc.
• YORK International Corporation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the industrial air chiller market in 2024
