Global Chillers Market is valued approximately at USD 9.6 billion in 2018 and is anticipated to grow with a growth rate of more than 4.40% over the forecast period 2019-2026.
Chillers are refrigeration devices that are used for cooling equipment, raw materials or fluid streams in industrial application including food & beverages in residential and commercial applications. Growing demand for process cooling in industrial applications, rising demand for chillers from developing markets of Asia-Pacific coupled with growing usage of chillers in solar cooling applications are key driving factors of market growth. Further, Chillers are mostly used in various cooling applications in different end use industries. For instance, in plastic industry, chillers are used for cooling hot plastics. Growing plastic industry is thus contributing towards market growth. According to world Economic Forum, global plastic production has increased from 311 million tones in 2014 to 350 million tones in 2017. Further, rapid industrialization coupled with booming chemical and food & beverage industries are also creating growth opportunity in the market. However, the high initial setup cost impedes the growth of the market over the forecast period of 2019-2026.

The regional analysis of global chillers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to presence of huge HVAC industries. Furthermore, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such increasing industrial activity coupled with heavy investments across industries such as chemical & petrochemical, plastic, and food & beverage would create lucrative growth prospects for the Chillers market across Asia-Pacific region.

Major market player included in this report are:

  • Daikin Industries, Ltd.
  • Carrier Corporation
  • Trane
  • Johnson Controls – Hitachi Air Conditioning
  • Smardt Chiller Group Inc.
  • Broad Group
  • Dunham Bush
  • GEA Group
  • Midea Group Co., Ltd.
  • Thermax Limited


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

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

By End-use Industry:

  • Plastic
  • Food & Beverage
  • Chemical & Petrochemical
  • Rubber
  • Medical & Pharmaceutical


By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World


Furthermore, years considered for the study are as follows:

  • Historical year – 2016, 2017
  • Base year – 2018
  • Forecast period – 2019 to 2026


Target Audience of the Global Chillers Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors