Chillers Market
Electrical And Electronics Manufacturing

Global Chillers Market Size, Forecasts, And Opportunities

Learn about the global chillers market through The Business Research Company, which provides information on chillers market size, chillers market drivers and restraints, chillers market players, the COVID-19 impact on the chillers market, and more.


The global chillers market size is expected to grow from $8.15 billion in 2021 to $8.46 billion in 2022 at a compound annual growth rate (CAGR) of 3.81%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global chiller market size is expected to reach $10.21 billion in 2026 at a CAGR of 4.80%.


The rise in new commercial construction buildings is expected to propel the growth of the chillers market.


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The chillers market consists of sales of chiller equipment and related services by entities (organizations, sole traders, and partnerships) that are used for controlled cooling. Chillers are defined as refrigeration system that is used to lower the temperatures of process fluids, machinery, and others by removing heat from them and transferring it to other spaces. Chillers are mainly essential for regulating and maintaining the temperatures in various industries.


Global Chillers Market Segments Include:

Product Type: Air Cooled Chiller, Water Cooled Chiller

By Power Range: Less than 50 kW, 50-200 kW, More than 200 kW

By Compressor Type: Screw Chillers, Centrifugal Chillers, Absorption Chillers, Reciprocating Chillers

By End-User: Commercial, Industrial, Residential

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the chillers market in 2021.


Strategic collaboration between companies is a key trend gaining popularity in the chillers market. Companies manufacturing or supplying the chillers are undergoing various collaborations to develop new technologies and products.


TBRC’s chillers market report covers:

Major Market Players: Carrier Corporation, Daikin Industries, Trane Technologies Plc., Hitachi Air Conditioning Company, Johnson Controls International PLC, Thermax Limited, Smardt Chiller Group Inc., Mitsubishi Electric Corporation, Midea, LG Electronics Inc., Reynold India Pvt. Ltd., Dimplex Thermal Solutions, Dunham Group, Frigel Firenze SpA, Friulair S.R.L, HYDAC International, Thermal Care Inc., SKM Air Conditioning, MTA S.P.A, and KKT Chillers.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)


The Chillers Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides chillers market overviews, analyzes and forecasts market size, share, chillers market players, chillers market segments and geographies, leading competitor revenues, profiles and market shares.


TBRC’s chillers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.


Here Is A List Of Similar Reports From The Business Research Company:

Commercial Refrigeration Equipment Global Market Report 2022

Smart Refrigerators Global Market Report 2022

Refrigerators Global Market Report 2022


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