The Canada chiller market reached around USD 149.56 Million in 2024. The market is projected to grow at a CAGR of 3.80% between 2025 and 2034, reaching almost USD 217.16 Million by 2034.
Base Year
Historical Year
Forecast Year
As per Statistics Canada, 64% of Canadian households owned air conditioning systems in 2021.
Around 55% of carbon emissions in Vancouver come from heating buildings with natural gas.
Eco-friendly chillers are expected to witness a surge in sales over the forecast period.
Value in USD Million
2025-2034
Canada Chiller Market Outlook
*this image is indicative*
| Canada Chiller Market Report Summary | Description | Value |
| Base Year | USD Million | 2024 |
| Historical Period | USD Million | 2018-2024 |
| Forecast Period | USD Million | 2025-2034 |
| Market Size 2024 | USD Million | 149.56 |
| Market Size 2034 | USD Million | 217.16 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 3.80% |
| CAGR 2025-2034 - Market by Region | Alberta | 4.3% |
| CAGR 2025-2034 - Market by Region | British Columbia | 3.9% |
| CAGR 2025-2034 - Market by Type of Cooling | Water Cooled | 4.2% |
| CAGR 2025-2034 - Market by End Use | Chemicals and Petrochemicals | 3.9% |
| Market Share by Region | British Columbia | 21.0% |
Major Canadian universities, including the University of Windsor, are introducing emission reduction programmes to enhance the students’ on-campus experience and facilitate the achievement of national net zero goals by 2050. As a part of this plan, the installation of hybrid chillers, which run on both electricity and steam, is expected to witness a significant increase in adoption. As this can result in significant annual savings, the government of Canada is expected to incentivise such initiatives, thereby contributing to the market growth.
The food and beverage sector is expected to emerge as one of the leading end users of chillers in Canada. Major market players are introducing high-quality chillers for refrigerating wine bottles in compact spaces, including homes, restaurants, and tiny entertainment rooms. To ensure alcohol is stored at optimum temperature conditions, such chillers are integrated with LED displays and intuitive touchpad controls, which enhance the user experience and impart a visually appealing look to the machine. Customisable storage is also a key feature of such chillers and the presence of notable characteristics like secure door lock, auto defrost setting, and QR code for obtaining product information are expected to drive the consumer demand for such products in the forecast period.
Canada 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:
| CAGR 2025-2034 - Market by | Type of Cooling |
| Water Cooled | 4.2% |
| Air Cooled | XX% |
| CAGR 2025-2034 - Market by | End Use |
| Chemicals and Petrochemicals | 3.9% |
| Plastics | 3.6% |
| Food and Beverage | XX% |
| Medical and Pharmaceuticals | XX% |
| Others | XX% |
| CAGR 2025-2034 - Market by | Region |
| Alberta | 4.3% |
| British Columbia | 3.9% |
| The Prairies | XX% |
| Central Canada | XX% |
| Atlantic Canada | XX% |
Based on the type of cooling, the market is divided into water cooled and air cooled. Over the forecast period of 2025-2034, water cooled chillers are estimated to grow at a CAGR of 4.2% as they boast longer lifespan, energy efficiency, quiet operation, and safety.
| Market Share by | Region |
| British Columbia | 21.0% |
| Alberta | XX% |
| The Prairies | XX% |
| Central Canada | XX% |
| Atlantic Canada | XX% |
Major market players are launching energy-efficient models of chillers for various commercial and residential uses.
*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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The market reached nearly USD 149.56 Million in 2024.
The market is projected to grow at a CAGR of 3.80% between 2025 and 2034.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 217.16 Million in 2034.
The different compressor types in the market include screw chillers, scroll chillers, reciprocating chillers, centrifugal chillers, and absorption chillers.
The different end uses of compressors are food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others.
The major segments based on types of cooling considered in the market include water cooled and air cooled.
What are the different regions covered in the market report include British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
The key market players are Daikin Industries Ltd., Carrier Global Corp., LG Corp., Johnson Controls International Plc, Trane Technologies Plc, Fluid Chillers, Inc., Panasonic Holdings Corp., Mitsubishi Electric Corporation, Midea Group Co. Ltd., and HYDAC International GmbH, 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 |
|
| 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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