Global Chillers Market Growth 2025-2031

Global Chillers Market Growth 2025-2031

The global Chillers market size is predicted to grow from US$ 7749 million in 2025 to US$ 10010 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

A chiller is a machine that removes heat from a liquid via a vapor-compression or absorption refrigeration cycle. This liquid can then be circulated through a heat exchanger to cool equipment, or another process stream (such as air or process water).

United States market for Chillers is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Chillers is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Chillers is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Chillers players cover Trane, Johnson Controls - Hitachi, Carrier, Mitsubshi, LG Electronics, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Chillers Industry Forecast” looks at past sales and reviews total world Chillers sales in 2024, providing a comprehensive analysis by region and market sector of projected Chillers sales for 2025 through 2031. With Chillers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chillers industry.

This Insight Report provides a comprehensive analysis of the global Chillers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chillers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Chillers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chillers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chillers.

This report presents a comprehensive overview, market shares, and growth opportunities of Chillers market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
0°C to -29°C
-30°C to -49°C
-50°C to -99°C
-100°C or less
Others

Segmentation by Application:
Commercial
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Trane
Johnson Controls - Hitachi
Carrier
Mitsubshi
LG Electronics
Daikin
DunAn
Dunham-Bush
TICA
Bosch
Ebara
Smardt　Chiller　Group
Parker Hannifin
Dimplex Thermal Solutions

Key Questions Addressed in this Report

What is the 10-year outlook for the global Chillers market?

What factors are driving Chillers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Chillers market opportunities vary by end market size?

How does Chillers break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.