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Chillers Market Size, Share & Trends Analysis Report By Product (Water-Cooled, Air-Cooled), By Application (Industrial, Commercial), By Compressor Type (Screw Chillers, Centrifugal Chillers, Absorption Chillers), By Region, And Segment Forecasts, 2026 - 2

Published Dec 29, 2025
Length 200 Pages
SKU # GV20723952

Description

Chillers Market Summary

The global chillers market size was valued at USD 10,758.6 million in 2025 and is projected to reach USD 15,643.1 million by 2033, growing at a CAGR of 4.9% from 2026 to 2033. The market is driven by the rising need for cost-effective and energy-efficient space cooling applications in commercial and industrial sectors.

This, in turn, will likely augment the demand for chillers over the forecast period. According to the U.S. Census Bureau, non-residential commercial construction spending has risen nearly 7% in 2024 compared to the previous year, with manufacturing projects experiencing a notable 23% growth. Additionally, data centers, which are essential for housing computer systems and servers for data storage and processing, continue to see substantial investments. For instance, Meta recently announced a USD 5 billion investment in a data center project in rural Louisiana. This surge in construction spending, particularly in manufacturing and data centers, is significantly driving the demand for advanced chiller systems. Both sectors require efficient, high-capacity cooling solutions to maintain optimal operational conditions, further fueling the growth of the chillers market as companies invest in infrastructure that supports temperature-sensitive environments.

Global Chillers Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global chillers market report based on product, application, compressor type, and region.
  • Product Outlook (Revenue, USD Million, 2021 - 2033)
  • Water-Cooled
  • <50kW
  • 51-100kW
  • 101-500kW
  • 501-1000kW
  • 1001-1500kW
  • >1501kW
  • Air-Cooled
  • <50kW
  • 51-100kW
  • 101-500kW
  • 501-1000kW
  • 1001-1500kW
  • >1501kW
  • Application Outlook (Revenue, USD Million, 2021 - 2033)
  • Commercial
  • Corporate Offices
  • Data Centers
  • Public Buildings
  • Mercantile & Service
  • Healthcare
  • Others
  • Industrial
  • Chemicals & Petrochemicals
  • Food & Beverage
  • Metal Manufacturing & Machining
  • Medical & Pharmaceutical
  • Plastics
  • Others
  • Residential
  • Compressor Type Outlook (Revenue, USD Million, 2021 - 2033)
  • Screw Chillers
  • Centrifugal Chillers
  • Absorption Chillers
  • Scroll Chillers
  • Reciprocating Chillers
  • Regional Outlook (Revenue, USD Million, 2021 - 2033)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Thailand
  • South Korea
  • Indonesia
  • Malaysia
  • Central & South America
  • Brazil
  • Argentina
  • Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
Please note The report will be delivered in 2-3 business days upon order notification.

Table of Contents

200 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Chillers Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Concentration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Distribution Channel Analysis
3.3.2. Raw Material Trends
3.3.3. Technological Overview
3.4. Regulatory Framework
3.5. Technology Overview
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.6.4. Industry Opportunities
3.7. Economic Mega-Trend Analysis
3.8. Industry Analysis Tools
3.8.1. Porter’s Five Forces Analysis
3.8.2. Macro-environmental Analysis
Chapter 4. Chillers Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2025 & 2033
4.2. Chillers Market Estimates & Forecast, By Product, 2021 to 2033 (USD Million)
4.3. Water-Cooled
4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
4.3.2. <50kW
4.3.2.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.3.3. 50-100 kW
4.3.3.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.3.4. 101-500 kW
4.3.4.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.3.5. 501-1000 kW
4.3.5.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.3.6. 1001-1500 kW
4.3.6.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.3.7. >1500kW
4.3.7.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.4. Air-Cooled
4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
4.4.2. <50kW
4.4.2.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.4.3. 50-100 kW
4.4.3.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.4.4. 101-500 kW
4.4.4.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.4.5. 501-1000 kW
4.4.5.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.4.6. 1001-1500 kW
4.4.6.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
4.4.7. >1500kW
4.4.7.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
Chapter 5. Chillers Market: Application Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2025 & 2033
5.2. Chillers Market Estimates & Forecast, By Product, 2021 to 2033 (USD Million)
5.3. Residential
5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.4. Commercial
5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.4.2. Corporate Offices
5.4.2.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.4.3. Data Centers
5.4.3.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.4.4. Public Buildings
5.4.4.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.4.5. Mercantile & Service
5.4.5.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.4.6. Health Care
5.4.6.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.4.7. Others
5.4.7.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.5. Industrial
5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.5.2. Chemicals & Petrochemicals
5.5.2.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.5.3. Food & beverage
5.5.3.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.5.4. Metal Manufacturing & Machining
5.5.4.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.5.5. Medical & Pharmaceutical
5.5.5.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.5.6. Plastics
5.5.6.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
5.5.7. Others
5.5.7.1. Market estimates and forecasts, 2021 to 2033 (USD Million)
Chapter 6. Chillers Market: Compressor Type Estimates & Trend Analysis
6.1. Compressor Type Movement Analysis & Market Share, 2025 & 2033
6.2. Chillers Market Estimates & Forecast, By Compressor Type, 2021 to 2033 (USD Million)
6.3. Screw Chillers
6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
6.4. Centrifugal Chillers
6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
6.5. Absorption Chillers
6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
6.6. Scroll Chillers
6.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
6.7. Reciprocating Chillers
6.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Chillers Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2025 & 2033
7.2. North America
7.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
7.2.2. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.2.3. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.2.4. Market estimates & forecast, by compressor type 2021 - 2033 (USD
7.2.5. U.S.
7.2.5.1. Key country dynamics
7.2.5.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.2.5.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.2.5.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.2.5.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.2.6. Canada
7.2.6.1. Key country dynamics
7.2.6.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.2.6.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.2.6.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.2.6.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.2.7. Mexico
7.2.7.1. Key country dynamics
7.2.7.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.2.7.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.2.7.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.2.7.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.3. Europe
7.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
7.3.2. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.3.3. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.3.4. Market estimates & forecast, by compressor type 2021 - 2033 (USD
7.3.5. Germany
7.3.5.1. Key country dynamics
7.3.5.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.3.5.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.3.5.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.3.5.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.3.6. France
7.3.6.1. Key country dynamics
7.3.6.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.3.6.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.3.6.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.3.6.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.3.7. UK
7.3.7.1. Key country dynamics
7.3.7.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.3.7.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.3.7.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.3.7.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.3.8. Italy
7.3.8.1. Key country dynamics
7.3.8.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.3.8.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.3.8.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.3.8.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.3.9. Spain
7.3.9.1. Key country dynamics
7.3.9.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.3.9.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.3.9.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.3.9.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.3.10. Russia
7.3.10.1. Key country dynamics
7.3.10.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.3.10.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.3.10.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.3.10.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4. Asia Pacific
7.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
7.4.2. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.3. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.4. Market estimates & forecast, by compressor type 2021 - 2033 (USD
7.4.5. China
7.4.5.1. Key country dynamics
7.4.5.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.5.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.5.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.5.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4.6. India
7.4.6.1. Key country dynamics
7.4.6.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.6.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.6.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.6.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4.7. Japan
7.4.7.1. Key country dynamics
7.4.7.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.7.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.7.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.7.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4.8. Australia
7.4.8.1. Key country dynamics
7.4.8.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.8.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.8.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.8.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4.9. Thailand
7.4.9.1. Key country dynamics
7.4.9.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.9.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.9.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.9.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4.10. South Korea
7.4.10.1. Key country dynamics
7.4.10.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.10.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.10.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.10.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4.11. Indonesia
7.4.11.1. Key country dynamics
7.4.11.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.11.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.11.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.11.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.4.12. Malaysia
7.4.12.1. Key country dynamics
7.4.12.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.4.12.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.4.12.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.4.12.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.5. Central & South America
7.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
7.5.2. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.5.3. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.5.4. Market estimates & forecast, by compressor type 2021 - 2033 (USD
7.5.5. Brazil
7.5.5.1. Key country dynamics
7.5.5.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.5.5.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.5.5.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.5.5.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.5.6. Argentina
7.5.6.1. Key country dynamics
7.5.6.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.5.6.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.5.6.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.5.6.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.6. Middle East & Africa
7.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
7.6.2. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.6.3. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.6.4. Market estimates & forecast, by compressor type 2021 - 2033 (USD
7.6.5. Saudi Arabia
7.6.5.1. Key country dynamics
7.6.5.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.6.5.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.6.5.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.6.5.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.6.6. South Africa
7.6.6.1. Key country dynamics
7.6.6.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.6.6.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.6.6.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.6.6.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
7.6.7. UAE
7.6.7.1. Key country dynamics
7.6.7.2. Market estimates & forecast, 2021 - 2033 (USD Million)
7.6.7.3. Market estimates & forecast, by product 2021 - 2033 (USD Million)
7.6.7.4. Market estimates & forecast, by application 2021 - 2033 (USD Million)
7.6.7.5. Market estimates & forecast, by compressor type 2021 - 2033 (USD Million)
Chapter 8. Chillers Market - Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Company Position Analysis, 2025
8.4. Company Heat Map Analysis, 2025
8.5. Strategy Mapping
8.5.1. Expansion
8.5.2. Mergers & Acquisition
8.5.3. Partnerships & Collaborations
8.5.4. New Product Launches
8.5.5. Research And Development
8.6. Company Profiles
8.6.1. Trane
8.6.1.1. Participant’s overview
8.6.1.2. Financial performance
8.6.1.3. Product benchmarking
8.6.1.4. Recent developments
8.6.2. Cold Shot Chillers
8.6.2.1. Participant’s overview
8.6.2.2. Financial performance
8.6.2.3. Product benchmarking
8.6.2.4. Recent developments
8.6.3. Tandem Chillers
8.6.3.1. Participant’s overview
8.6.3.2. Financial performance
8.6.3.3. Product benchmarking
8.6.3.4. Recent developments
8.6.4. Drake Refrigeration, Inc
8.6.4.1. Participant’s overview
8.6.4.2. Financial performance
8.6.4.3. Product benchmarking
8.6.4.4. Recent developments
8.6.5. Refra
8.6.5.1. Participant’s overview
8.6.5.2. Financial performance
8.6.5.3. Product benchmarking
8.6.5.4. Recent developments
8.6.6. Carrier
8.6.6.1. Participant’s overview
8.6.6.2. Financial performance
8.6.6.3. Product benchmarking
8.6.6.4. Recent developments
8.6.7. FRIGEL FIRENZE S.p.A.
8.6.7.1. Participant’s overview
8.6.7.2. Financial performance
8.6.7.3. Product benchmarking
8.6.7.4. Recent developments
8.6.8. Midea
8.6.8.1. Participant’s overview
8.6.8.2. Financial performance
8.6.8.3. Product benchmarking
8.6.8.4. Recent developments
8.6.9. Daikin Industries, Ltd.
8.6.9.1. Participant’s overview
8.6.9.2. Financial performance
8.6.9.3. Product benchmarking
8.6.9.4. Recent developments
8.6.10. Johnson Controls
8.6.10.1. Participant’s overview
8.6.10.2. Financial performance
8.6.10.3. Product benchmarking
8.6.10.4. Recent developments
8.6.11. Rite-Temp
8.6.11.1. Participant’s overview
8.6.11.2. Financial performance
8.6.11.3. Product benchmarking
8.6.11.4. Recent developments
8.6.12. General Air Products
8.6.12.1. Participant’s overview
8.6.12.2. Financial performance
8.6.12.3. Product benchmarking
8.6.12.4. Recent developments
8.6.13. ClimaCool Corp.
8.6.13.1. Participant’s overview
8.6.13.2. Financial performance
8.6.13.3. Product benchmarking
8.6.13.4. Recent developments
8.6.14. Fluid Chillers, Inc.
8.6.14.1. Participant’s overview
8.6.14.2. Financial performance
8.6.14.3. Product benchmarking
8.6.14.4. Recent developments
8.6.15. Multistack International Limited
8.6.15.1. Participant’s overview
8.6.15.2. Financial performance
8.6.15.3. Product benchmarking
8.6.15.4. Recent developments
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