Report Overview

The global chiller market size reached a value of more than USD 11.41 billion in 2023. The market is expected to grow at a CAGR of 3.90% between 2024 and 2032, likely to attain a value of USD 16.10 billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Chiller Market Size

The global chiller market size reached a value of more than USD 11.41 billion in 2023. The market is expected to grow at a CAGR of 3.90% between 2024 and 2032, likely to attain a value of USD 16.10 billion by 2032.

 

Chiller Market Report Snapshots

Chiller Market Size

Chiller Market Trends

Chiller Market Analysis

Chiller Companies

 

*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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Key Questions Answered in the Report

In 2023, the global market for chillers reached a value of USD 11.41 billion.

The market is expected to grow at a CAGR of 3.90% during the period 2024-2032.

The market is expected to reach a value of USD 16.10 billion by 2032.

The market is driven by the growing demand for chillers in manufacturing industries to cool down equipment used in the manufacturing process and the rising demand for energy-efficient chillers.

The increasing industrial and construction activities are leading to increased demand for chillers and are expected to bring new growth opportunities to the market.

The regional markets for the global chiller market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The types of chillers available in the market include screw, scroll, and centrifugal, among others.

The product types available in the market include air-cooled and water-cooled, among others.

The different power ranges for chiller in the market are less than 50 kW, 50-200 kW, and more than 200 kw.

The industries utilizing chillers include food and beverage, plastic and rubber, chemicals and petrochemicals, and pharmaceuticals, among others.

The key players in the market include Carrier Global Corporation, Daikin Industries, Ltd., LG Electronics, Panasonic Corporation, Smardt Chiller Group, Inc., and Mitsubishi Electric Corporation, among others.

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