The Australia chiller market reached a value of approximately USD 371.07 Million in 2024. The market is projected to grow at a CAGR of 4.60% between 2025 and 2034, reaching a value of around USD 581.80 Million by 2034.
Base Year
Historical Year
Forecast Year
As per industry reports, in 2023, Australia’s import of medical devices reached USD 5334 million due to the ageing population which drives the demand for chillers in the medical sector.
In October 2022, Euroklimat dispensed an R290 air-cooled propane chiller to a Coles Supermarket for air conditioning. This is Australia’s first retail installation.
In March 2024, Johnson Controls confirmed cyber security compliance for three chiller solutions certified by Exida-a leading company for product certification.
Value in USD Million
2025-2034
Australia Chiller Market Outlook
*this image is indicative*
The chiller market is poised for significant growth due to several factors such as growing environmental concerns, increased consumption of frozen food, demand for efficient storage systems, and continuous innovation in chiller technology. Additionally, there is increased emphasis on manufacturing energy-efficient chillers to conserve energy and reduce global warming-causing emissions, which is a key trend of Australia chiller market.
Rapid automation in industries such as food and beverages has fueled the demand for smart connected chillers that can aid operations through data-driven insights in real-time and analytics to improve performance and reduce downtime. Constant improvisation in technology by prominent players is propelling market growth in Australia. For instance, in July 2023, Daikin Industries Ltd. introduced a third-generation R32 scroll chiller equipped with an increased capacity range of 1,012kW. It displays superior performance and has a smaller footprint. The availability of different types of chillers for industry-specific usage is another factor boosting Australia chiller market expansion. For instance, the pharmaceutical sector uses reciprocating, centrifugal, and screw-driven chillers in their operations.
Moreover, the government has taken several initiatives to promote energy efficiency and more sustainable chiller systems. For instance, the Heating, Ventilation and Air Conditioning High-Efficiency Systems Strategy (HVAC HESS) has been devised to facilitate long-term improvements in the energy efficiency of HVAC systems including chillers across the country in the next ten years.
Extreme warm and cold climate, rising urban population, increase in household disposable income, and growing preference for eco-friendly products are accelerating the Australia chiller market value.
Australia, being a tropical nation, has extreme climates increasing the necessity for heating and cooling chillers across residential, industrial, and commercial settings. The temperature ranges between the highest record of around 50 °C and the lowest record of around −23.0 °C. With the effects of climate change increasing gradually, the need for efficient chillers is growing, propelling market growth.
Chillers have a high consumption rate in urban residential settings, increasing their overall demand in the Australian market. According to the World Bank, the country’s urban population has been witnessing a growing trend over the past few years. Between 2021 and 2023 the population rose by 1% in comparison to Australia’s total population, accounting for 87% of the overall share. With a growing urbanization trend, Australia is expected to witness a major demand growth for chillers in the coming years.
A rise in disposable income is encouraging individuals to invest in efficient, durable, and branded chillers which can serve a longer lifespan. According to the Australian Bureau of Statistics, the gross disposable income per household increased by 3.7% between 2021-22. A further rise is expected owing to the growing GDP of the nation, resulting in a sharp growth of the Australia chiller market revenue.
With climate change becoming a major phenomenon and cause of concern in Australia, buyers are increasingly inclined towards purchasing eco-friendly chillers, including chillers which use renewable sources such as solar, hydro, and wind energy for power generation, chillers with recirculating technology, and those using natural refrigerants. With increasing environmental awareness, the demand for such eco-friendly chillers is expected to rise in the future.
“Australia Chiller Market Report and Forecast 2025-2034” 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 end use, the market is primarily bifurcated into food and beverage, chemicals and petrochemicals, medical and pharmaceuticals, and plastics. Australia's chemicals and petrochemicals sector holds a significant position in terms of the market as chillers prevent overheating of equipment, help maintain product quality, and control temperature during chemical and separation processes. Other sectors also deploy chiller systems on a large scale for smooth functioning. Furthermore, as a result of the growing need for chemicals and petrochemicals, new production facilities are being built and existing ones are being expanded, which increases the need for chillers and other cooling equipment.
Market players continuously improve chiller technology to meet regulatory standards and the government’s vision for sustainability.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 371.07 Million.
The market is estimated to grow at a CAGR of 4.60% between 2025 and 2034.
The Australia chiller market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of USD 581.80 Million by 2034.
The major drivers are the growing need for efficient storage, rising frozen food consumption, and innovations in chiller technology.
The key trends of the chiller market in Australia include the rise of smart connected chillers and demand for energy-efficient chillers.
The end use sectors include food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others.
The major players in the market are Daikin Industries Ltd., Carrier Global Corp., LG Corp., Johnson Controls International Plc, Trane Technologies Plc, Smardt Chiller Group, Inc., Panasonic Holdings Corp., and Mitsubishi Electric Corporation, 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 | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type of Cooling |
|
| Breakup by Compressor Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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