Mexico Chiller Market Report and Forecast 2025-2034

Mexico Chiller Market Size

The Mexico chiller market reached around USD 221.55 million in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching almost USD 356.67 million by 2032.

Mexico Chiller Market Outlook

• Centrifugal chillers are expected to dominate the market over the forecast period.

• The increasing demand for HVAC systems in Mexico is expected to drive the market growth.

• Water cooled chillers are expected to constitute a significant portion of the market share.

Mexico Chiller Market Growth

As per the MEXDC (Mexican Association of Data Centres), the nation is expected to receive $9.2 billion worth of investment towards the data centre construction sector, with companies like Ascenty, Equinix, Odata, and DCD gaining increasing significance. While Mexico currently has 166 data centres requiring 305 MW of energy per hour, 73 new data centres are expected to be established over the next five years, which can demand 1492 MW of energy per hour. This is expected to substantially impact the temperature conditions within data centres, thereby creating a substantial demand for chillers, which can prevent overheating of equipment and regulate the temperature conditions within data centres.

Nearly 56% of all energy used to manufacture food and beverage products is lost. Increasing innovations in existing models of absorption chillers are enabling major companies to use exhaust methane gas and steam to produce freezing temperature conditions without relying on ammonia or environmentally harmful refrigerants. This can be attributed to their unique design, which regulates the concentration of mixed refrigerants and drives the production of various food items in a seamless manner.

Advanced absorption chillers can utilise waste heat at extremely low temperatures, like 70 degrees Fahrenheit, to power the operation of the boiler effectively. This enables them to facilitate the overall production process, while significantly lowering carbon emissions.

Mexico Chiller Industry Segmentation

Mexico Chiller Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type of Cooling

• Water Cooled 

• Air Cooled

Market Breakup by Compressor Type

• Screw Chillers 

• Scroll Chillers

• Reciprocating Chillers

• Centrifugal Chillers

• Absorption Chillers

Market Breakup by End Use

• Food and Beverage

• Chemicals and Petrochemicals

• Medical and Pharmaceutical

• Plastics

• Others

Market Breakup by Region

• Baja California

• Northern Mexico

• The Bajio

• Central Mexico

• Pacific Coast

• Yucatan Peninsula

Mexico Chiller Market Share

Based on end use, the market is divided into food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others. Over the forecast period, the food and beverage sector is expected to emerge as a leading market segment, as major companies seek energy-efficient solutions for decarbonising the food production processes.

Leading Companies in the Mexico Chiller Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• Daikin Industries Ltd.

• Carrier Mexico Corp.

• LG Corp.

• Johnson Controls International Plc

• Trane Technologies Plc

• Others

Major market players are expected to manufacture sustainable and energy-efficient chiller models to enhance their consumer appeal and drive the market growth.

Key Highlights of the Report