Chillers

Chillers Market Outlook

The global chillers market is projected to reach approximately USD 12 billion by 2025, with a compound annual growth rate (CAGR) of around 6% from 2025 to 2035. This growth is primarily driven by the increasing demand for energy-efficient cooling solutions in various industries, coupled with stringent regulations aimed at reducing greenhouse gas emissions. Additionally, rising urbanization and a growing population are contributing to the need for effective air conditioning and refrigeration systems, further propelling market expansion. The ongoing technological advancements in chillers, such as the introduction of smart monitoring systems, are also driving the market as industries strive for enhanced efficiency and performance. Furthermore, the growing focus on sustainability and eco-friendly refrigerants is pushing manufacturers to innovate, thus expanding the market opportunities in the coming years.

Growth Factor of the Market

Several key growth factors are fueling the chillers market. Firstly, the rapid industrialization across various developing regions like Asia Pacific is increasing the demand for high-capacity chillers in manufacturing and industrial processes. Secondly, the commercial sector, including shopping malls, office buildings, and hotels, is expanding significantly, necessitating cooling solutions for comfort and operational efficiency. Furthermore, government initiatives targeting sustainable practices and energy efficiency are encouraging the adoption of advanced chiller systems. Additionally, the rising awareness of environmental impacts associated with traditional refrigerants is propelling the transition to more sustainable refrigerant types. Lastly, technological innovations, such as IoT-enabled chillers, are providing enhanced monitoring and control, making systems more efficient and appealing to end-users.

Key Highlights of the Market

• Expected growth to reach USD 12 billion by 2025.
• CAGR of approximately 6% from 2025 to 2035.
• Increased adoption of energy-efficient and eco-friendly refrigerants.
• Significant demand from the industrial and commercial sectors.
• Technological advancements leading to smarter and more efficient chillers.

By Type

Screw Chillers:

Screw chillers are characterized by their reliability and efficiency, making them a popular choice in commercial and industrial applications. These chillers utilize twin-screw compressors to achieve high cooling capacities while maintaining low energy consumption. Their robust design allows for continuous operation in demanding environments, which is crucial for industries that require consistent cooling. Additionally, screw chillers have a relatively smaller footprint compared to other types, making them suitable for facilities with space constraints. The ability to operate at varying loads also contributes to their appeal, as they can adapt to fluctuating cooling demands efficiently. As energy efficiency continues to be a significant concern, the screw chillers market is expected to witness substantial growth in the coming years.

Centrifugal Chillers:

Centrifugal chillers are recognized for their high efficiency and are mainly utilized in large commercial and industrial applications. They leverage centrifugal force to compress refrigerant vapor, which allows them to achieve large cooling capacities while minimizing energy consumption. Due to their design, centrifugal chillers are capable of handling variable load conditions effectively, which is an essential feature in sectors like HVAC and food processing. The market for centrifugal chillers is also being driven by the increasing focus on sustainability, as these systems are often designed to accommodate environmentally friendly refrigerants. With ongoing technological advancements, such as variable speed drives, centrifugal chillers are becoming even more efficient, thus bolstering their market presence.

Reciprocating Chillers:

Reciprocating chillers utilize piston-type compressors, which makes them suitable for mid-range cooling applications. They are highly versatile and can be used in various settings, including residential, commercial, and industrial environments. One of the primary advantages of reciprocating chillers is their ability to operate effectively at partial loads, allowing users to optimize energy consumption. These chillers are also relatively cost-effective when compared to other types, making them an attractive option for businesses looking to manage operational expenses. As industries continue to seek efficient and reliable cooling solutions, the demand for reciprocating chillers is expected to remain steady, particularly in smaller commercial applications.

Absorption Chillers:

Absorption chillers utilize thermal energy to provide cooling, which distinguishes them from traditional electric chillers. They are particularly beneficial in applications where waste heat is available, such as in industrial processes or combined heat and power systems. Absorption chillers are increasingly favored for their low environmental impact, as they can operate using environmentally friendly refrigerants like water and lithium bromide. The growing emphasis on energy conservation and the use of renewable energy sources is driving the demand for absorption chillers, especially in large commercial facilities and district cooling systems. Their ability to integrate with alternative energy sources further enhances their attractiveness, positioning them well for future growth in the market.

Scroll Chillers:

Scroll chillers are recognized for their compact size and high efficiency, making them suitable for a range of applications from small commercial spaces to larger industrial setups. These chillers operate using a scroll mechanism, which provides reliable and consistent cooling with minimal maintenance requirements. The growing trend towards energy-efficient systems is propelling the adoption of scroll chillers, as they typically offer higher efficiency ratings compared to traditional systems. Additionally, their lower sound levels and seamless integration into existing systems make them appealing to end-users. As businesses increasingly seek to implement efficient and quiet cooling solutions, the scroll chiller segment is anticipated to experience robust growth in the upcoming years.

By Application

Commercial:

The commercial sector represents a significant application area for chillers, as the demand for air conditioning and refrigeration systems continues to rise in response to urbanization and population growth. Commercial chillers are utilized in a variety of settings, including office buildings, shopping centers, and hotels, where maintaining a comfortable indoor environment is crucial. As businesses increasingly prioritize energy efficiency due to rising operational costs, there is a growing trend towards the adoption of advanced chiller systems that offer improved performance and lower energy consumption. Moreover, the integration of smart technologies in commercial chillers allows for enhanced monitoring and control, further driving the growth of this segment in the market.

Industrial:

In the industrial sector, chillers play a vital role in various processes, including manufacturing, chemical processing, and food and beverage production. They are essential for temperature control, ensuring product quality and safety throughout production cycles. The demand for industrial chillers is being driven by the increasing focus on process optimization and efficiency in manufacturing operations. Additionally, regulations concerning product safety and environmental sustainability are pushing industries towards adopting more advanced and eco-friendly chiller solutions. As industries evolve and seek to improve their operational capabilities, the industrial chiller segment is expected to witness substantial growth opportunities.

Residential:

The residential application of chillers is gaining traction, particularly in regions experiencing extreme weather conditions. Homeowners are increasingly seeking efficient cooling solutions to maintain comfort levels within their homes. Chillers offer several advantages over traditional air conditioning systems, including better energy efficiency and quieter operation. The growing trend towards smart homes is further driving the demand for residential chillers equipped with IoT capabilities, enabling homeowners to monitor and control their cooling systems remotely. As more households prioritize energy savings and environmental impact, the residential chillers market is poised for growth in the coming years.

Healthcare:

In the healthcare sector, maintaining a controlled environment is crucial for patient safety, equipment functionality, and the efficacy of pharmaceuticals. Chillers are extensively used in hospitals, laboratories, and clinics to provide the necessary cooling for medical equipment and to regulate temperature-sensitive environments. The increasing emphasis on patient care and safety, along with stringent regulations governing temperature control in healthcare facilities, is driving the demand for advanced chiller systems. Moreover, the ongoing focus on energy efficiency within healthcare settings is prompting facilities to invest in modern, eco-friendly chillers that can provide reliable performance while minimizing energy consumption.

Others:

Beyond the specified categories, other applications for chillers include sectors such as data centers, retail, and transportation. In data centers, chillers are essential for maintaining optimal operating temperatures for servers and equipment, thus ensuring operational reliability. The retail sector also relies on chillers for refrigeration to preserve food and beverages, while transportation uses chillers to maintain temperature during transit. The versatility of chillers across various applications underscores their importance in modern infrastructure. As industries continue to innovate and expand operations, the demand for chillers in these diverse applications is expected to grow significantly.

By User

HVAC:

The HVAC (Heating, Ventilation, and Air Conditioning) sector is one of the primary users of chillers, given their pivotal role in maintaining indoor climate control in residential, commercial, and industrial infrastructures. Chillers are a critical component of HVAC systems, providing cooling to ensure comfort in workspaces, homes, and public areas. With a growing emphasis on energy efficiency, HVAC systems are increasingly adopting advanced chiller technologies that offer improved performance and reduced energy consumption. Additionally, the trend towards smart buildings and the integration of automation in HVAC systems further enhance the demand for efficient and reliable chillers, driving growth in this user segment.

Food & Beverage:

The food and beverage industry relies heavily on chillers for various applications, including food preservation, processing, and storage. Chillers play a crucial role in maintaining the quality and safety of perishable products by providing the necessary cooling during production and distribution. With the rising global population and increasing demand for processed foods, the food and beverage sector is expanding rapidly, thereby driving the need for efficient chilling solutions. Strict regulations regarding food safety and quality further compel manufacturers and distributors to invest in advanced chiller systems that can ensure compliance while optimizing operational costs. This trend is expected to bolster the growth of chillers within the food and beverage sector.

Chemical:

In the chemical industry, chillers are essential for controlling process temperatures and ensuring the safety and efficiency of chemical reactions. They provide reliable cooling solutions to prevent overheating, which could compromise product quality and safety. As the chemical industry continues to evolve with advancements in technology, the demand for high-performance chillers that can accommodate varying process conditions is increasing. Furthermore, growing concerns regarding environmental impacts and energy consumption are pushing chemical manufacturers to invest in innovative cooling solutions that minimize energy use and align with sustainability targets. Consequently, the chemical sector is expected to remain a significant user of chillers in the foreseeable future.

Pharmaceutical:

The pharmaceutical industry relies on highly regulated and precise temperature control, making chillers an indispensable component in the manufacturing and storage of pharmaceuticals. Chillers are utilized extensively to provide the necessary cooling for laboratory processes, storage of temperature-sensitive medications, and maintaining optimal conditions for research and development. The increasing demand for pharmaceuticals, particularly in the wake of global health crises, is driving the need for advanced chilling systems that ensure compliance with stringent regulatory requirements. As companies prioritize efficiency and quality assurance in their operations, the pharmaceutical sector’s reliance on chillers is projected to grow significantly.

Data Centers:

Data centers are among the most demanding environments for cooling solutions, requiring reliable and efficient chillers to maintain optimal operating temperatures for servers and equipment. As digital transformation accelerates and data consumption increases, the need for advanced cooling systems within data centers is becoming more critical. Chillers in this sector are designed to operate under high loads and can be integrated with other cooling technologies to enhance overall system efficiency. The focus on energy efficiency and sustainability is driving data centers to invest in high-performance chillers that can minimize energy usage while maximizing cooling capacity. This trend is expected to propel growth in the chillers market, particularly within the data center segment.

By Refrigerant Type

HFC:

Hydrofluorocarbons (HFCs) are widely used in chillers due to their favorable thermodynamic properties and relative safety compared to other refrigerants. HFC-based chillers are popular in commercial and industrial applications because they offer efficient cooling solutions without contributing to ozone depletion. However, growing concerns about their global warming potential have led to increased regulatory scrutiny and the push for more environmentally friendly alternatives. Despite this, HFCs are expected to remain a significant segment in the chiller market for the near term, particularly in regions where regulations are less stringent. Manufacturers are also focused on developing low-GWP (global warming potential) HFC blends to meet evolving market demands.

Ammonia:

Ammonia is a natural refrigerant that has gained popularity in the chiller market due to its excellent thermodynamic efficiency and minimal environmental impact. It is widely used in industrial applications, particularly in food processing and refrigeration systems. Ammonia chillers are known for their high efficiency, which translates to lower energy consumption and operational costs. However, ammonia's toxicity and flammability require manufacturers to implement stringent safety measures when using this refrigerant. As industries continue to pursue sustainable practices, the demand for ammonia chillers is expected to grow, particularly in sectors that prioritize eco-friendly solutions.

CO2:

Carbon dioxide (CO2) is emerging as a viable refrigerant alternative due to its low toxicity and environmental impact. CO2 chillers are particularly favored in applications where sustainability is a primary concern, such as in supermarket refrigeration and industrial cooling. The natural refrigerant properties of CO2 align with the global push towards reducing greenhouse gas emissions, making it an attractive option for environmentally conscious manufacturers. Despite challenges related to operational pressures and efficiency at high temperatures, ongoing technological advancements are improving the feasibility of CO2 chillers. As regulations tighten and the demand for low-impact solutions rises, the CO2 refrigerant segment is expected to experience significant growth.

Hydrocarbons:

Hydrocarbons, including propane and isobutane, are increasingly recognized for their low environmental impact as natural refrigerants. They offer high energy efficiency and have negligible ozone depletion potential, making them favorable in applications that prioritize sustainability. Hydrocarbon chillers are particularly popular in small-scale refrigeration systems, such as domestic appliances and small commercial units. However, their flammability poses safety challenges that must be carefully managed. As industries strive to adopt greener practices and comply with regulations, the use of hydrocarbon refrigerants in chillers is anticipated to grow, further reinforcing the trend towards eco-friendly solutions.

Others:

The "Others" category encompasses various refrigerants that do not fall under the traditional classifications. These may include synthetic refrigerants and proprietary blends developed by manufacturers to optimize performance and reduce environmental impact. As the industry evolves, companies are increasingly focused on research and development to create innovative refrigerant solutions that meet regulatory standards while enhancing efficiency and performance. The ongoing transition to low-GWP refrigerants is likely to drive the growth of this segment, as customers seek to align their cooling solutions with sustainability objectives and regulatory compliance.

By Region

The chillers market is experiencing varied growth across different regions, influenced by factors such as industrialization, urbanization, and climate conditions. North America holds a significant share of the chillers market, with a projected CAGR of approximately 5% from 2025 to 2035. The presence of established industrial and commercial sectors, coupled with a strong emphasis on energy-efficient solutions, is driving the demand for advanced chiller systems in this region. Additionally, government initiatives aimed at promoting sustainable practices and reducing carbon footprints are further enhancing the market landscape in North America.

In Europe, the chillers market is also expected to witness substantial growth, driven by stringent regulations on refrigerant use and the increasing adoption of energy-efficient cooling solutions. With a focus on sustainability and a shift towards natural refrigerants, European manufacturers are innovating to meet the evolving demands of the market. The Asia Pacific region is emerging as a key growth area, fueled by rapid industrialization and urbanization, particularly in countries like China and India. As these economies continue to expand, the demand for effective cooling solutions in commercial and industrial applications is likely to surge, paving the way for significant market opportunities in the coming years. The overall regional dynamics of the chillers market highlight the diverse opportunities for growth and innovation in different global settings.

Opportunities

The chillers market presents numerous opportunities, particularly in the context of evolving technologies and changing consumer demands. One of the most promising opportunities lies in the integration of IoT and smart technology within chiller systems. As industries increasingly adopt automation and smart monitoring, manufacturers can innovate by developing chillers equipped with advanced control systems that provide real-time data on energy usage and performance. This capability not only enhances operational efficiency but also allows businesses to make informed decisions for cost savings and sustainability. Furthermore, as customers prioritize energy-efficient solutions, there is a growing demand for chillers that utilize natural and low-GWP refrigerants, opening doors for manufacturers to invest in research and development to create environmentally friendly products.

Another significant opportunity in the chillers market is the rising focus on sustainability and green building standards. As regulations become more stringent and consumers become more environmentally conscious, industries are increasingly seeking chillers that align with green initiatives. This trend is particularly evident in the HVAC and commercial sectors, where energy-efficient systems are becoming a standard requirement. Additionally, the expansion of renewable energy sources and the integration of chillers with solar and geothermal systems present further opportunities for innovation. By capitalizing on these trends and aligning their offerings with sustainability goals, manufacturers can position themselves effectively in the evolving market landscape.

Threats

Despite the positive growth outlook for the chillers market, several threats could impede progress. One of the major challenges is the increasing regulatory pressure aimed at phasing out high-GWP refrigerants. Governments worldwide are implementing stricter regulations concerning the use of certain refrigerants, which may pose challenges for manufacturers who rely on traditional refrigerant types. As companies scramble to comply with these regulations, there is a risk of rising operational costs and potential disruptions in the supply chain. Additionally, the ongoing shift towards alternative refrigerants requires manufacturers to invest in research and development, which could strain budgets and resources in the short term. This regulatory environment necessitates agility and adaptability among market players to navigate the complexities associated with changing regulations.

Another significant threat is the intense competition in the chillers market, particularly with the entry of new players and technological advancements. As the market becomes increasingly saturated, companies may face pricing pressures, which could impact profit margins. Additionally, the rapid pace of technological advancements presents a potential threat to companies that may struggle to keep up with innovative trends. Failure to adapt and evolve could result in a loss of market share to competitors who are better positioned to meet changing customer demands and preferences. In this dynamic environment, maintaining a competitive edge is crucial for long-term success in the chillers market.

Competitor Outlook

• Carrier Global Corporation
• Trane Technologies plc
• Johnson Controls International plc
• Daikin Industries, Ltd.
• Ingersoll Rand Inc.
• McQuay International
• York International Corporation
• Chiller Technologies, Inc.
• Midea Group Co., Ltd.
• Gree Electric Appliances, Inc.
• LG Electronics Inc.
• Panasonic Corporation
• Emerson Electric Co.
• Hitachi, Ltd.
• Bosch Thermotechnology

The competitive landscape of the chillers market is characterized by the presence of several established players, each striving to enhance their market share through innovation, strategic partnerships, and expansions. Companies are increasingly focusing on research and development to create advanced cooling solutions that meet the evolving needs of various sectors. This competitive environment encourages manufacturers to invest in new technologies and eco-friendly refrigerants, aligning their offerings with sustainability goals and regulatory requirements. Collaborations between manufacturers and technology firms are becoming more common as businesses look to leverage expertise in smart technologies and IoT integration, further driving the market forward.

Carrier Global Corporation is a leading player in the chillers market, recognized for its extensive portfolio of HVAC systems and advanced cooling technologies. The company emphasizes sustainability and energy efficiency in its products, with a significant focus on developing chillers that comply with environmental regulations. Trane Technologies plc is another major competitor, known for its innovative solutions and commitment to reducing carbon footprints. The company invests heavily in R&D to develop chillers that utilize low-GWP refrigerants, positioning itself as a leader in sustainability within the industry. Johnson Controls International plc offers a wide range of chiller technologies, focusing on smart building solutions that enhance operational efficiency while addressing energy consumption concerns.

Daikin Industries, Ltd. is a significant player in the global chillers market, known for its commitment to innovation and environmentally friendly products. The company has made strides in developing chillers that utilize natural refrigerants and IoT-enabled monitoring systems. Ingersoll Rand Inc. is also recognized for its diverse range of cooling solutions and focus on energy efficiency, providing advanced chillers that cater to various applications. The competitive dynamics of the chillers market are expected to remain vibrant as companies continue to innovate and respond to market demands while navigating regulatory challenges.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Hitachi, Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Ingersoll Rand Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 LG Electronics Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Emerson Electric Co.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 McQuay International
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Midea Group Co., Ltd.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Panasonic Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Bosch Thermotechnology
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Trane Technologies plc
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Daikin Industries, Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Carrier Global Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Chiller Technologies, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Gree Electric Appliances, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 York International Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Johnson Controls International plc
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Chillers Market, By Type
    • 6.1.1 Screw Chillers
    • 6.1.2 Centrifugal Chillers
    • 6.1.3 Reciprocating Chillers
    • 6.1.4 Absorption Chillers
    • 6.1.5 Scroll Chillers
  • 6.2 Chillers Market, By Application
    • 6.2.1 Commercial
    • 6.2.2 Industrial
    • 6.2.3 Residential
    • 6.2.4 Healthcare
    • 6.2.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Chillers Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Chillers market is categorized based on

By Type

• Screw Chillers
• Centrifugal Chillers
• Reciprocating Chillers
• Absorption Chillers
• Scroll Chillers

By Application

• Commercial
• Industrial
• Residential
• Healthcare
• Others

By Region

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

Key Players

• Carrier Global Corporation
• Trane Technologies plc
• Johnson Controls International plc
• Daikin Industries, Ltd.
• Ingersoll Rand Inc.
• McQuay International
• York International Corporation
• Chiller Technologies, Inc.
• Midea Group Co., Ltd.
• Gree Electric Appliances, Inc.
• LG Electronics Inc.
• Panasonic Corporation
• Emerson Electric Co.
• Hitachi, Ltd.
• Bosch Thermotechnology