Chillers Market Size, Share, Revenue, Worth, Statistics, Segmentation, Outlook, Overview 2029


Chillers Market size was valued at US$ 4.02 Bn. in 2022 and the total Chillers revenue is expected to grow by 3.2% from 2023 to 2029, reaching nearly US$ 5.01 Bn.

Chillers Market Overview:

Maximize Market Research (MMR) has published a comprehensive report on the Chillers Market. This report delves into the growth projections for the Chillers Market from 2022 to 2029. It offers valuable insights into market dynamics, including market value, growth rate, market segments, geographical reach, key market players, and their recent developments.

Chillers Market Report Scope and Research Methodology:

The Chillers Market report encompasses a thorough analysis of significant developments, marketing strategies, supply-side and demand-side indicators, as well as detailed company profiles of market leaders, potential entrants, and emerging players. The report relies on both primary and secondary research methodologies to provide an exhaustive analysis of the global alginates & derivatives market.

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Segmentation Analysis:

by Product


The water-cooled segment, broken down by product, is anticipated to expand at a CAGR of 6.6% over the projected period.Water-cooled equipment is always prepared to ensure that the components deteriorate gradually because of their longer life span and higher efficiency for large cooling loads inside the structures compared to air-cooled apparatus. For greater capacity applications, water-cooled chillers are frequently used, and they use water from outdoor cooling systems.

by Compressor Type

Screw Chillers
Centrifugal Chillers
Absorption Chillers
Scroll Chillers
Reciprocating Chillers

by End-Use


The commercial segment is anticipated to expand at a CAGR of 5.7% over the forecast period in terms of end-use.In hot weather, chillers are used to control the temperature in commercial buildings such as corporate offices, data centers, municipal spaces, health clinics, educational institutions, and warehouses. In data centers, chillers are used to reduce the heat generated in very confined spaces. The need to keep data centers at a constant temperature, humidity level, air purity, and air movement will likely be what drives the commercial segment’s expansion.

Table of Content: Chillers Market

Part 01: Executive Summary

Part 02: Scope of the Chillers Market Report

Part 03: Global Chillers Market Landscape

Part 04: Global Chillers Market Sizing

Part 05: Global Chillers Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key Players are:

1. Trane
2. Cold Shot Chillers
3. Tandem Chillers
4. Drake Refrigeration, Inc.
5. Refra
6. Carrier
8. Midea
9. Rite-Temp
10. Multistack, LLC.
11. Daikin Industries, Ltd.
12. General Air Products
13. ClimaCool Corp.
14. Johnson Controls
15. Fluid Chillers, Inc.

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Key Questions Addressed in Chillers Market Report:

  1. What is the projected size of the Chillers Market by 2029?
  2. What is the anticipated growth rate of the Chillers Market?
  3. What factors are expected to fuel the growth of the Chillers Market?
  4. Which segment has dominated the growth of the Chillers Market?
  5. Which region boasts the largest share in the Chillers Market?

Regional Insights:

This report provides region-specific insights into the Chillers Market, covering North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Notably, the Asia Pacific region is poised to spearhead the Chillers Market’s growth due to the increasing demand for Chillers across various applications, particularly in China, Japan, and India.

Key Offerings:

  • Historical Market Size and Competitive Landscape (2018 to 2022)
  • Previous Pricing and Price Trends by Region (2018 to 2022)
  • Market Size, Share, and Forecast by Different Segments | 2023−2029
  • Market Dynamics, including Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Detailed Market Segmentation Analysis, including Sub-segments and Regional Breakdown
  • Competitive Landscape, featuring Profiles of Selected Key Players by Region from a Strategic Perspective
  • Competitive Benchmarking of Key Players by Region
  • PESTLE Analysis
  • PORTER’s Analysis
  • Value Chain and Supply Chain Analysis
  • Legal Aspects of Business by Region
  • Lucrative Business Opportunities with SWOT Analysis
  • Recommendations

About Maximize Market Research:

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