North America Chillers Market Size, Share & Industry Trends Analysis Report By Type, By End User, By Product Type (Water Cooled Chiller and Air Cooled Chiller), By Power Range, By Country and Growth Forecast, 2023 - 2029

North America Chillers Market Size, Share & Industry Trends Analysis Report By Type, By End User, By Product Type (Water Cooled Chiller and Air Cooled Chiller), By Power Range, By Country and Growth Forecast, 2023 - 2029


The North America Chillers Market would witness market growth of 3.5% CAGR during the forecast period (2023-2029).

Chillers use absorption or vapor-compression refrigeration cycles to remove heat from a liquid. These are usually used in the industrial sector to keep the environment cool and regulate equipment temperature. Compressors, condensers, evaporators, control panels, expansion valves, and power panels are a few of the chiller's parts. Chillers offer air conditioning by reducing the extra heat from industrial and commercial spaces.

The market is expanding due to an increase in demand across several industry verticals, including food & beverage, petrochemicals, rubber, plastic, and medical. In addition, the rise in new commercial construction projects and the expansion of the aviation sector are expected to fuel the growth of the market.

As a result of increasing demand from numerous end-use industries, the market is anticipated to grow. Due to lower energy use and improved energy efficiency, the industrial sector is likewise experiencing increased demand. Changing industrial government policies also promotes the industrialization of developing nations' economies. Operators can more easily expand their infrastructure when they use chillers. The existing chiller system's capacity could be increased by adding parallel modules. As a result of their numerous advantages, chillers are increasingly in demand.

The demand for easy-to-make foods that save customers both energy and time while they cook, prepare, and clean-up is the main factor driving the frozen food sector in North America. More individuals are predicted to want ready-packed, easy-to-cook, and ready-to-eat goods during the forecast period, increasing demand for frozen meals in North America. Furthermore, it is projected that new product advancements, like multigrain, whole wheat, and low-trans-fat products, will enhance the industry. The expanding demand for and consumption of frozen goods, which must be kept in cooler locations, will lead to significant growth in the region's market.

The US market dominated the North America Chillers Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,454.2 million by 2029. The Canada market is poised to grow at a CAGR of 5.8% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 4.9% during (2023 - 2029).

Based on Type, the market is segmented into Screw Chiller, Scroll Chiller, Centrifugal Chiller and Others. Based on End User, the market is segmented into Chemicals & Petrochemicals, Food & Beverages, Medical and Others. Based on Product Type, the market is segmented into Water Cooled Chiller and Air Cooled Chiller. Based on Power Range, the market is segmented into More than 200 kW, 50-200 kW and Less than 50 kW. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries, Ltd., Dimplex Thermal Solutions, Inc. (GlenDimplex), LG Electronics (LG Corporation), Johnson Controls International PLC, PolyScience (Preston Industries, Inc.), Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.), Thermax Limited and Trane Technologies PLC.

Scope of the Study

Market Segments covered in the Report:

By Type
  • Screw Chiller
  • Scroll Chiller
  • Centrifugal Chiller
  • Others
By End User
  • Chemicals & Petrochemicals
  • Food & Beverages
  • Medical
  • Others
By Product Type
  • Water Cooled Chiller
  • Air Cooled Chiller
By Power Range
  • More than 200 kW
  • 50-200 kW
  • Less than 50 kW
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Carrier Global Corporation
  • Mitsubishi Electric Corporation
  • Daikin Industries, Ltd.
  • Dimplex Thermal Solutions, Inc. (GlenDimplex)
  • LG Electronics (LG Corporation)
  • Johnson Controls International PLC
  • PolyScience (Preston Industries, Inc.)
  • Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.)
  • Thermax Limited
  • Trane Technologies PLC
Unique Offerings from KBV Research
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Chillers Market, by Type
1.4.2 North America Chillers Market, by End User
1.4.3 North America Chillers Market, by Product Type
1.4.4 North America Chillers Market, by Power Range
1.4.5 North America Chillers Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Aug – 2023, Feb) Leading Players
Chapter 4. North America Chillers Market by Type
4.1 North America Screw Chiller Market by Country
4.2 North America Scroll Chiller Market by Country
4.3 North America Centrifugal Chiller Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Chillers Market by End User
5.1 North America Chemicals & Petrochemicals Market by Country
5.2 North America Food & Beverages Market by Country
5.3 North America Medical Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Chillers Market by Product Type
6.1 North America Water Cooled Chiller Market by Country
6.2 North America Air Cooled Chiller Market by Country
Chapter 7. North America Chillers Market by Power Range
7.1 North America More than 200 kW Market by Country
7.2 North America 50-200 kW Market by Country
7.3 North America Less than 50 kW Market by Country
Chapter 8. North America Chillers Market by Country
8.1 US Chillers Market
8.1.1 US Chillers Market by Type
8.1.2 US Chillers Market by End User
8.1.3 US Chillers Market by Product Type
8.1.4 US Chillers Market by Power Range
8.2 Canada Chillers Market
8.2.1 Canada Chillers Market by Type
8.2.2 Canada Chillers Market by End User
8.2.3 Canada Chillers Market by Product Type
8.2.4 Canada Chillers Market by Power Range
8.3 Mexico Chillers Market
8.3.1 Mexico Chillers Market by Type
8.3.2 Mexico Chillers Market by End User
8.3.3 Mexico Chillers Market by Product Type
8.3.4 Mexico Chillers Market by Power Range
8.4 Rest of North America Chillers Market
8.4.1 Rest of North America Chillers Market by Type
8.4.2 Rest of North America Chillers Market by End User
8.4.3 Rest of North America Chillers Market by Product Type
8.4.4 Rest of North America Chillers Market by Power Range
Chapter 9. Company Profiles
9.1 Carrier Global Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.2 Trane Technologies PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.3 Mitsubishi Electric Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Daikin Industries Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.5 Dimplex Thermal Solutions, Inc. (GlenDimplex)
9.5.1 Company overview
9.6 Johnson Controls International PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental & Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 LG Electronics, Inc. (LG Corporation)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.1 SWOT Analysis
9.8 Thermax Limited
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Geographical Expansions:
9.9 PolyScience (Preston Industries, Inc.)
9.9.1 Company Overview
9.10. Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.)
9.10.1 Company Overview

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