The Asia Pacific chiller market reached around USD 6.19 Billion in 2025. The market is projected to grow at a CAGR of 5.10% between 2026 and 2035, reaching almost USD 10.18 Billion by 2035.
Base Year
Historical Period
Forecast Period
By 2040, as India overtakes China in AC production and consumption, the demand for chillers is expected to increase substantially.
Australia is expected to witness a significant increase in demand for chillers.
Eco-friendly chiller technologies are expected to garner significant consumer appeal over the forecast period.
Compound Annual Growth Rate
5.1%
Value in USD Billion
2026-2035
*this image is indicative*
As per the Asian Development Bank, the Asia Pacific region needs to invest $1.7 trillion annually through 2030 to maintain the rate of its economic growth, tackle poverty, and mitigate climate change. Increasing investor appetite for funding green infrastructure projects is expected to enhance infrastructure development in low and middle-income countries like India, Indonesia, Thailand, Philippines, and Vietnam. This is expected to substantially increase the demand for reciprocating chillers in the region.
With the shift towards sustainability, hydrogen-powered absorption chillers are expected to witness widespread adoption in the forecast period as they have the potential to substantially reduce carbon emissions. These chillers are designed with a backfire prevention device and have a function to inject noble gases, which ensures the safety of operation. These are also equipped with a special NOx burner, which can withstand the high flame temperature of hydrogen. Modern chillers are equipped with various energy-saving features, including controlling the variable flow rate of cooling water, among others.
The expansion of existing data centre facilities across the region is expected to enhance the requirement for large air-cooled chillers, which can facilitate the maintenance of optimum temperature conditions within data centres.
"Asia Pacific Chiller Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type of Cooling
Market Breakup by Compressor Type
Market Breakup by End Use
Market Breakup by Region
Based on the type of cooling, the market is divided into water cooled and air cooled. Over the forecast period, air cooled compressors are expected to emerge as the leading segment, as they minimise industrial wastage of water, and can adapt to different cooling requirements in varying climatic conditions. They are relatively eco-friendly alternatives to water coolers, while also being cost-effective.
Major market players are introducing sustainable and energy-efficient models of air-cooled chillers for commercial and residential usage.
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The market reached nearly USD 6.19 Billion in 2025.
The market is projected to grow at a CAGR of 5.10% between 2026 and 2035.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 10.18 Billion in 2035.
The different compressor types in the market include screw chillers, scroll chillers, reciprocating chillers, centrifugal chillers, and absorption chillers.
The different end uses of chiller in the market are food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others.
The major types of cooling considered in the market include water cooled and air cooled.
The different regions covered in the market report are China, Japan, India, ASEAN, and Australia, among others.
The key market players are Daikin Industries Ltd., Carrier Global Corp., LG Corp., Johnson Controls International Plc, Trane Technologies Plc, Smardt Chiller Group, Inc., Panasonic Holdings Corp., Mitsubishi Electric Corporation, Midea Group Co. Ltd., and Ebara Corp., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type of Cooling |
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| Breakup by Compressor Type |
|
| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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