Global Centrifugal Chillers Market Report and Forecast 2025-2034

Global Centrifugal Chillers Market Outlook

The global centrifugal chillers market is expected to grow at a CAGR of 4.7% during the period 2024-2032. The market is expected to be driven by uses of centrifugal chillers in HVAC systems. North America, Europe, Middle East and Asia are expected to be key markets.

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Global Market Likely to be Driven by Demand for Efficient and Environmentally Friendly Cooling Solutions

Centrifugal chillers have been quite prominent in the HVAC market for cooling capacities over 1000 kW. Larger centrifugal may even provide several thousand kW. Centrifugal chillers are not so commonly used below the 1000 kW cooling capacity. High-performance commercial HVAC systems use chillers to draw heat out of the air flowing in the interiors. While in some areas, water or air alone suffice to take away excess heat, majority of HVAC systems rely on some kind of compressor to get a heat-absorbing refrigerant moving around a coil. A centrifugal chiller employs vapour compression cycle to chill water; it sheds off the heat gathered from the chilled water and the heat from the compressor to a water loop. The water loop is kept cool with the help of a cooling tower. Centrifugal chillers are easy to maintain, have fewer moving parts, and durable. Centrifugal chillers also offer high cooling capacity with a smaller footprint. Due to these qualities, centrifugal chillers are quite popular.

Centrifugal chillers provide chilled water for all such applications that require cooling capacity on a high scale; these are a cost-effective solution to cool large buildings because while centrifugal chillers could be a significant investment, these generally come with customizable configuration and almost guarantee ROI throughout their lifecycle.

Global Centrifugal Chillers Market Likely to be Driven by Uses in Hotels, Commercial Buildings, Industrial Plants, University Campuses, Airports and Hospitals.

Centrifugal chillers are used for indoor installation, or for weather protected spaces. Centrifugal chillers are widely used in North America as  the building stock in that region comprises large buildings for a good portion; Europe and Middle East are also significant markets where centrifugal chillers are mainly used for hotels, commercial buildings, industrial plants, university campuses, airports and hospitals.

Solutions Offering Greater Efficiency and Smaller Footprint Expected to Boost Market Growth

The key aspects influencing choice of a centrifugal chiller include efficiency and footprint. Centrifugal chillers can offer high capacity with very good energy-efficiency performances, for example, Daikin centrifugal chillers fitted with VFD can offer COP > 6 full load and IPLV > 10), particularly at full load, leading to low running costs for the end user.

Blue Star offers expert cooling solutions including a wide range of scroll, screw and centrifugal chillers. The company offers a broad range of water cooled centrifugal flooded chillers with highly efficient semi-hermetic compressors and environmentally-friendly R134a refrigerant. These solutions are reliable and highly energy efficient. The chillers produced are suited to large projects such as IT campuses, star hotels, hospitals, industries, etc.

MHI Group offers an efficient centrifugal chiller which acts as a good solution for energy saving and environmental protection; it also helps reduce businesses costs. Centrifugal chillers offered by the company supply chilled water and maintain constant temperature in semiconductor, automotive, and chemicals manufacturing plants, and hotels, food suppliers, hospitals, and sports facilities.

Hitachi High Efficiency Inverter-controlled Centrifugal Chillers realize energy-saving operation through the whole year using variable motor speed control with inverter unit, significantly enhancing partial load efficiency under low cooling water temperature conditions in off-peak seasons. The chillers also offer several unique energy saving functions that meet the demand to minimize energy consumption. Hitachi High Efficiency Centrifugal Chiller offers enhanced energy-saving and helps prevent global warming with the help of advanced technologies that optimize the design of compressors and heat-exchangers.

Daikin offers single compressor centrifugal chillers (from 300 to 1800 tons); solutions offer better full and part-load performance for increased energy savings and a good life cycle return on investment. Employing ozone-friendly HFC-134a refrigerant, Daikin chillers readily integrate with building automation systems, are seismic compliant, quiet, and have a broad operating range to enable operation at different lift conditions.

Global Centrifugal Chillers Market Segmentation

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By type, the market is segmented into:

• <500T
• 500-1000T
• 1000-2000T
• >2000T

By application, the market is divided into:

• Commercial
• Industrial
• Others

By region, the market is classified into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Industry Players in the Global Centrifugal Chillers Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Johnson Controls International plc
• Carrier Global Corporation
• Daikin Industries Ltd
• Haier Group
• Trane Technologies Company, LLC
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report