According to this study, the global Chillers market size will reach US$ 10972 million by 2031.

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

They are used in a variety of applications to cool and dehumidify air or to cool process equipment, such as lasers, medical imaging machines, data centers, and manufacturing equipment.

The global chillers market is experiencing steady growth, driven by increasing demand for climate control systems across commercial, industrial, and residential sectors. Chillers are essential for HVAC systems, process cooling in manufacturing, and data center temperature regulation. The market is significantly influenced by expanding construction activities, especially in Asia-Pacific, where rapid urbanization and infrastructure development in countries like China and India are boosting adoption.

Technological advancements are reshaping the industry, with a strong shift toward energy-efficient and low-GWP refrigerant chillers. Manufacturers are focusing on innovations such as magnetic bearing compressors, smart controls, and variable speed technologies to enhance performance while meeting environmental regulations. The integration of IoT-based monitoring systems is becoming more common, offering predictive maintenance and operational optimization.

In terms of segmentation, air-cooled chillers dominate the market due to their lower installation cost and space efficiency, especially in commercial buildings. However, water-cooled chillers maintain a strong foothold in large industrial and high-capacity applications. Data centers, food & beverage processing, pharmaceuticals, and chemicals are among the fastest-growing end-use industries for chillers.

Looking forward, the global chillers market is expected to grow at a CAGR of around 4–5% over the next five years. Growth will be fueled by rising demand for cooling in hot climate zones, tightening energy efficiency regulations, and increasing investment in green building certifications like LEED. The focus will remain on sustainability, lifecycle cost reduction, and smart infrastructure integration.

LPI (LP Information)' 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 analyses 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 players 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 analyzing the company's coverage, product portfolio, its market penetration.

    Bosch

    Carrier

    CustomChill, Inc.

    Daikin

    Dimplex Thermal Solutions

    DunAn

    Dunham-Bush

    Ebara

    Guangzhou Teyu Electromechanical

    Johnson Controls - Hitachi

    Legacy Chiller Systems, Inc.

    LG Electronics

    Lytron Inc

    Maruyama Chillers Corporation

    Mirapro

    Mitsubshi

    Multistack

    Parker Hannifin

    Rexxam

    SCY Chiller

    Shinwa Controls Co.，Lt

    Smardt　Chiller　Group

    SMC

    Thermonics Chillers

    TICA

    Trane

    WEXTEN

    Whaley Products

1 Scope of the Report
    1.1 Market Introduction
    1.2 Years Considered
    1.3 Research Objectives
    1.4 Market Research Methodology
    1.5 Research Process and Data Source
    1.6 Economic Indicators
    1.7 Currency Considered
    1.8 Market Estimation Caveats

2 Executive Summary
    2.1 World Market Overview
        2.1.1 Global Chillers Market Size (2020-2031)
        2.1.2 Chillers Market Size CAGR by Region (2020 VS 2024 VS 2031)
        2.1.3 World Current & Future Analysis for Chillers by Country/Region (2020, 2024 & 2031)
    2.2 Chillers Segment by Type
        2.2.1 0°C to -29°C
        2.2.2 -30°C to -49°C
        2.2.3 -50°C to -99°C
        2.2.4 -100°C or less
        2.2.5 Others
    2.3 Chillers Market Size by Type
        2.3.1 Chillers Market Size CAGR by Type (2020 VS 2024 VS 2031)
        2.3.2 Global Chillers Market Size Market Share by Type (2020-2025)
    2.4 Chillers Segment by Application
        2.4.1 Commercial
        2.4.2 Industrial
    2.5 Chillers Market Size by Application
        2.5.1 Chillers Market Size CAGR by Application (2020 VS 2024 VS 2031)
        2.5.2 Global Chillers Market Size Market Share by Application (2020-2025)

3 Chillers Market Size by Player
    3.1 Chillers Market Size Market Share by Player
        3.1.1 Global Chillers Revenue by Player (2020-2025)
        3.1.2 Global Chillers Revenue Market Share by Player (2020-2025)
    3.2 Global Chillers Key Players Head office and Products Offered
    3.3 Market Concentration Rate Analysis
        3.3.1 Competition Landscape Analysis
        3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
    3.4 New Products and Potential Entrants
    3.5 Mergers & Acquisitions, Expansion

4 Chillers by Region
    4.1 Chillers Market Size by Region (2020-2025)
    4.2 Global Chillers Annual Revenue by Country/Region (2020-2025)
    4.3 Americas Chillers Market Size Growth (2020-2025)
    4.4 APAC Chillers Market Size Growth (2020-2025)
    4.5 Europe Chillers Market Size Growth (2020-2025)
    4.6 Middle East & Africa Chillers Market Size Growth (2020-2025)

5 Americas
    5.1 Americas Chillers Market Size by Country (2020-2025)
    5.2 Americas Chillers Market Size by Type (2020-2025)
    5.3 Americas Chillers Market Size by Application (2020-2025)
    5.4 United States
    5.5 Canada
    5.6 Mexico
    5.7 Brazil

6 APAC
    6.1 APAC Chillers Market Size by Region (2020-2025)
    6.2 APAC Chillers Market Size by Type (2020-2025)
    6.3 APAC Chillers Market Size by Application (2020-2025)
    6.4 China
    6.5 Japan
    6.6 South Korea
    6.7 Southeast Asia
    6.8 India
    6.9 Australia

7 Europe
    7.1 Europe Chillers Market Size by Country (2020-2025)
    7.2 Europe Chillers Market Size by Type (2020-2025)
    7.3 Europe Chillers Market Size by Application (2020-2025)
    7.4 Germany
    7.5 France
    7.6 UK
    7.7 Italy
    7.8 Russia

8 Middle East & Africa
    8.1 Middle East & Africa Chillers by Region (2020-2025)
    8.2 Middle East & Africa Chillers Market Size by Type (2020-2025)
    8.3 Middle East & Africa Chillers Market Size by Application (2020-2025)
    8.4 Egypt
    8.5 South Africa
    8.6 Israel
    8.7 Turkey
    8.8 GCC Countries

9 Market Drivers, Challenges and Trends
    9.1 Market Drivers & Growth Opportunities
    9.2 Market Challenges & Risks
    9.3 Industry Trends

10 Global Chillers Market Forecast
    10.1 Global Chillers Forecast by Region (2026-2031)
        10.1.1 Global Chillers Forecast by Region (2026-2031)
        10.1.2 Americas Chillers Forecast
        10.1.3 APAC Chillers Forecast
        10.1.4 Europe Chillers Forecast
        10.1.5 Middle East & Africa Chillers Forecast
    10.2 Americas Chillers Forecast by Country (2026-2031)
        10.2.1 United States Market Chillers Forecast
        10.2.2 Canada Market Chillers Forecast
        10.2.3 Mexico Market Chillers Forecast
        10.2.4 Brazil Market Chillers Forecast
    10.3 APAC Chillers Forecast by Region (2026-2031)
        10.3.1 China Chillers Market Forecast
        10.3.2 Japan Market Chillers Forecast
        10.3.3 Korea Market Chillers Forecast
        10.3.4 Southeast Asia Market Chillers Forecast
        10.3.5 India Market Chillers Forecast
        10.3.6 Australia Market Chillers Forecast
    10.4 Europe Chillers Forecast by Country (2026-2031)
        10.4.1 Germany Market Chillers Forecast
        10.4.2 France Market Chillers Forecast
        10.4.3 UK Market Chillers Forecast
        10.4.4 Italy Market Chillers Forecast
        10.4.5 Russia Market Chillers Forecast
    10.5 Middle East & Africa Chillers Forecast by Region (2026-2031)
        10.5.1 Egypt Market Chillers Forecast
        10.5.2 South Africa Market Chillers Forecast
        10.5.3 Israel Market Chillers Forecast
        10.5.4 Turkey Market Chillers Forecast
    10.6 Global Chillers Forecast by Type (2026-2031)
    10.7 Global Chillers Forecast by Application (2026-2031)
        10.7.1 GCC Countries Market Chillers Forecast

11 Key Players Analysis
    11.1 Bosch
        11.1.1 Bosch Company Information
        11.1.2 Bosch Chillers Product Offered
        11.1.3 Bosch Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.1.4 Bosch Main Business Overview
        11.1.5 Bosch Latest Developments
    11.2 Carrier
        11.2.1 Carrier Company Information
        11.2.2 Carrier Chillers Product Offered
        11.2.3 Carrier Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.2.4 Carrier Main Business Overview
        11.2.5 Carrier Latest Developments
    11.3 CustomChill, Inc.
        11.3.1 CustomChill, Inc. Company Information
        11.3.2 CustomChill, Inc. Chillers Product Offered
        11.3.3 CustomChill, Inc. Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.3.4 CustomChill, Inc. Main Business Overview
        11.3.5 CustomChill, Inc. Latest Developments
    11.4 Daikin
        11.4.1 Daikin Company Information
        11.4.2 Daikin Chillers Product Offered
        11.4.3 Daikin Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.4.4 Daikin Main Business Overview
        11.4.5 Daikin Latest Developments
    11.5 Dimplex Thermal Solutions
        11.5.1 Dimplex Thermal Solutions Company Information
        11.5.2 Dimplex Thermal Solutions Chillers Product Offered
        11.5.3 Dimplex Thermal Solutions Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.5.4 Dimplex Thermal Solutions Main Business Overview
        11.5.5 Dimplex Thermal Solutions Latest Developments
    11.6 DunAn
        11.6.1 DunAn Company Information
        11.6.2 DunAn Chillers Product Offered
        11.6.3 DunAn Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.6.4 DunAn Main Business Overview
        11.6.5 DunAn Latest Developments
    11.7 Dunham-Bush
        11.7.1 Dunham-Bush Company Information
        11.7.2 Dunham-Bush Chillers Product Offered
        11.7.3 Dunham-Bush Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.7.4 Dunham-Bush Main Business Overview
        11.7.5 Dunham-Bush Latest Developments
    11.8 Ebara
        11.8.1 Ebara Company Information
        11.8.2 Ebara Chillers Product Offered
        11.8.3 Ebara Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.8.4 Ebara Main Business Overview
        11.8.5 Ebara Latest Developments
    11.9 Guangzhou Teyu Electromechanical
        11.9.1 Guangzhou Teyu Electromechanical Company Information
        11.9.2 Guangzhou Teyu Electromechanical Chillers Product Offered
        11.9.3 Guangzhou Teyu Electromechanical Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.9.4 Guangzhou Teyu Electromechanical Main Business Overview
        11.9.5 Guangzhou Teyu Electromechanical Latest Developments
    11.10 Johnson Controls - Hitachi
        11.10.1 Johnson Controls - Hitachi Company Information
        11.10.2 Johnson Controls - Hitachi Chillers Product Offered
        11.10.3 Johnson Controls - Hitachi Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.10.4 Johnson Controls - Hitachi Main Business Overview
        11.10.5 Johnson Controls - Hitachi Latest Developments
    11.11 Legacy Chiller Systems, Inc.
        11.11.1 Legacy Chiller Systems, Inc. Company Information
        11.11.2 Legacy Chiller Systems, Inc. Chillers Product Offered
        11.11.3 Legacy Chiller Systems, Inc. Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.11.4 Legacy Chiller Systems, Inc. Main Business Overview
        11.11.5 Legacy Chiller Systems, Inc. Latest Developments
    11.12 LG Electronics
        11.12.1 LG Electronics Company Information
        11.12.2 LG Electronics Chillers Product Offered
        11.12.3 LG Electronics Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.12.4 LG Electronics Main Business Overview
        11.12.5 LG Electronics Latest Developments
    11.13 Lytron Inc
        11.13.1 Lytron Inc Company Information
        11.13.2 Lytron Inc Chillers Product Offered
        11.13.3 Lytron Inc Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.13.4 Lytron Inc Main Business Overview
        11.13.5 Lytron Inc Latest Developments
    11.14 Maruyama Chillers Corporation
        11.14.1 Maruyama Chillers Corporation Company Information
        11.14.2 Maruyama Chillers Corporation Chillers Product Offered
        11.14.3 Maruyama Chillers Corporation Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.14.4 Maruyama Chillers Corporation Main Business Overview
        11.14.5 Maruyama Chillers Corporation Latest Developments
    11.15 Mirapro
        11.15.1 Mirapro Company Information
        11.15.2 Mirapro Chillers Product Offered
        11.15.3 Mirapro Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.15.4 Mirapro Main Business Overview
        11.15.5 Mirapro Latest Developments
    11.16 Mitsubshi
        11.16.1 Mitsubshi Company Information
        11.16.2 Mitsubshi Chillers Product Offered
        11.16.3 Mitsubshi Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.16.4 Mitsubshi Main Business Overview
        11.16.5 Mitsubshi Latest Developments
    11.17 Multistack
        11.17.1 Multistack Company Information
        11.17.2 Multistack Chillers Product Offered
        11.17.3 Multistack Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.17.4 Multistack Main Business Overview
        11.17.5 Multistack Latest Developments
    11.18 Parker Hannifin
        11.18.1 Parker Hannifin Company Information
        11.18.2 Parker Hannifin Chillers Product Offered
        11.18.3 Parker Hannifin Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.18.4 Parker Hannifin Main Business Overview
        11.18.5 Parker Hannifin Latest Developments
    11.19 Rexxam
        11.19.1 Rexxam Company Information
        11.19.2 Rexxam Chillers Product Offered
        11.19.3 Rexxam Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.19.4 Rexxam Main Business Overview
        11.19.5 Rexxam Latest Developments
    11.20 SCY Chiller
        11.20.1 SCY Chiller Company Information
        11.20.2 SCY Chiller Chillers Product Offered
        11.20.3 SCY Chiller Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.20.4 SCY Chiller Main Business Overview
        11.20.5 SCY Chiller Latest Developments
    11.21 Shinwa Controls Co.，Lt
        11.21.1 Shinwa Controls Co.，Lt Company Information
        11.21.2 Shinwa Controls Co.，Lt Chillers Product Offered
        11.21.3 Shinwa Controls Co.，Lt Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.21.4 Shinwa Controls Co.，Lt Main Business Overview
        11.21.5 Shinwa Controls Co.，Lt Latest Developments
    11.22 Smardt　Chiller　Group
        11.22.1 Smardt　Chiller　Group Company Information
        11.22.2 Smardt　Chiller　Group Chillers Product Offered
        11.22.3 Smardt　Chiller　Group Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.22.4 Smardt　Chiller　Group Main Business Overview
        11.22.5 Smardt　Chiller　Group Latest Developments
    11.23 SMC
        11.23.1 SMC Company Information
        11.23.2 SMC Chillers Product Offered
        11.23.3 SMC Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.23.4 SMC Main Business Overview
        11.23.5 SMC Latest Developments
    11.24 Thermonics Chillers
        11.24.1 Thermonics Chillers Company Information
        11.24.2 Thermonics Chillers Chillers Product Offered
        11.24.3 Thermonics Chillers Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.24.4 Thermonics Chillers Main Business Overview
        11.24.5 Thermonics Chillers Latest Developments
    11.25 TICA
        11.25.1 TICA Company Information
        11.25.2 TICA Chillers Product Offered
        11.25.3 TICA Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.25.4 TICA Main Business Overview
        11.25.5 TICA Latest Developments
    11.26 Trane
        11.26.1 Trane Company Information
        11.26.2 Trane Chillers Product Offered
        11.26.3 Trane Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.26.4 Trane Main Business Overview
        11.26.5 Trane Latest Developments
    11.27 WEXTEN
        11.27.1 WEXTEN Company Information
        11.27.2 WEXTEN Chillers Product Offered
        11.27.3 WEXTEN Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.27.4 WEXTEN Main Business Overview
        11.27.5 WEXTEN Latest Developments
    11.28 Whaley Products
        11.28.1 Whaley Products Company Information
        11.28.2 Whaley Products Chillers Product Offered
        11.28.3 Whaley Products Chillers Revenue, Gross Margin and Market Share (2020-2025)
        11.28.4 Whaley Products Main Business Overview
        11.28.5 Whaley Products Latest Developments

12 Research Findings and Conclusion