Global Chillers Market Growth 2023-2029

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).

LPI (LP Information)' newest research report, the “Chillers Industry Forecast” looks at past sales and reviews total world Chillers sales in 2022, providing a comprehensive analysis by region and market sector of projected Chillers sales for 2023 through 2029. 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.

The global Chillers market size is projected to grow from US$ 7141.7 million in 2022 to US$ 9626.1 million in 2029; it is expected to grow at a CAGR of 9626.1 from 2023 to 2029.

The global Chillers market was valued at US$ 7.62 billion in 2019.From 2018 to 2019, the growth rate of global chillers market slowed down, and major manufacturers further reduced product prices, maintained product coverage, and gradually increased product penetration. Due to the impact of the COVID-19 in 2020, the market experienced negative growth.Asia-Pacific is the largest market segment of Chiller, with a consumption market share nearly 39.62% in 2019, followed by Europe with a consumption market share nearly 27.12% in 2019.Commercial segment was estimated to account for the highest market share of 56.60% in 2019. Industrial segment held 43.40% of the market.Demand for Chillers is profoundly dependent on increase in investments in a region. Therefore, macroeconomic factors such as GDP growth are among major growth drivers for conveyor belt market. As a result of the past few years the world economy is not stable, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with Chillers industry in short supply on the market in the past few years, more and more companies enter into Chillers industry, The signal of market price change indicates the trend in the Chillers industry, the current demand for Chillers product is Sustained growth.

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.

Market Segmentation:
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.
    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 type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Chillers Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Chillers Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of 0°C to -29°C
    Table 4. Major Players of -30°C to -49°C
    Table 5. Major Players of -50°C to -99°C
    Table 6. Major Players of -100°C or less
    Table 7. Major Players of Others
    Table 8. Global Chillers Sales by Type (2018-2023) & (Units)
    Table 9. Global Chillers Sales Market Share by Type (2018-2023)
    Table 10. Global Chillers Revenue by Type (2018-2023) & ($ million)
    Table 11. Global Chillers Revenue Market Share by Type (2018-2023)
    Table 12. Global Chillers Sale Price by Type (2018-2023) & (K USD/Unit)
    Table 13. Global Chillers Sales by Application (2018-2023) & (Units)
    Table 14. Global Chillers Sales Market Share by Application (2018-2023)
    Table 15. Global Chillers Revenue by Application (2018-2023)
    Table 16. Global Chillers Revenue Market Share by Application (2018-2023)
    Table 17. Global Chillers Sale Price by Application (2018-2023) & (K USD/Unit)
    Table 18. Global Chillers Sales by Company (2018-2023) & (Units)
    Table 19. Global Chillers Sales Market Share by Company (2018-2023)
    Table 20. Global Chillers Revenue by Company (2018-2023) ($ Millions)
    Table 21. Global Chillers Revenue Market Share by Company (2018-2023)
    Table 22. Global Chillers Sale Price by Company (2018-2023) & (K USD/Unit)
    Table 23. Key Manufacturers Chillers Producing Area Distribution and Sales Area
    Table 24. Players Chillers Products Offered
    Table 25. Chillers Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 26. New Products and Potential Entrants
    Table 27. Mergers & Acquisitions, Expansion
    Table 28. Global Chillers Sales by Geographic Region (2018-2023) & (Units)
    Table 29. Global Chillers Sales Market Share Geographic Region (2018-2023)
    Table 30. Global Chillers Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 31. Global Chillers Revenue Market Share by Geographic Region (2018-2023)
    Table 32. Global Chillers Sales by Country/Region (2018-2023) & (Units)
    Table 33. Global Chillers Sales Market Share by Country/Region (2018-2023)
    Table 34. Global Chillers Revenue by Country/Region (2018-2023) & ($ millions)
    Table 35. Global Chillers Revenue Market Share by Country/Region (2018-2023)
    Table 36. Americas Chillers Sales by Country (2018-2023) & (Units)
    Table 37. Americas Chillers Sales Market Share by Country (2018-2023)
    Table 38. Americas Chillers Revenue by Country (2018-2023) & ($ Millions)
    Table 39. Americas Chillers Revenue Market Share by Country (2018-2023)
    Table 40. Americas Chillers Sales by Type (2018-2023) & (Units)
    Table 41. Americas Chillers Sales by Application (2018-2023) & (Units)
    Table 42. APAC Chillers Sales by Region (2018-2023) & (Units)
    Table 43. APAC Chillers Sales Market Share by Region (2018-2023)
    Table 44. APAC Chillers Revenue by Region (2018-2023) & ($ Millions)
    Table 45. APAC Chillers Revenue Market Share by Region (2018-2023)
    Table 46. APAC Chillers Sales by Type (2018-2023) & (Units)
    Table 47. APAC Chillers Sales by Application (2018-2023) & (Units)
    Table 48. Europe Chillers Sales by Country (2018-2023) & (Units)
    Table 49. Europe Chillers Sales Market Share by Country (2018-2023)
    Table 50. Europe Chillers Revenue by Country (2018-2023) & ($ Millions)
    Table 51. Europe Chillers Revenue Market Share by Country (2018-2023)
    Table 52. Europe Chillers Sales by Type (2018-2023) & (Units)
    Table 53. Europe Chillers Sales by Application (2018-2023) & (Units)
    Table 54. Middle East & Africa Chillers Sales by Country (2018-2023) & (Units)
    Table 55. Middle East & Africa Chillers Sales Market Share by Country (2018-2023)
    Table 56. Middle East & Africa Chillers Revenue by Country (2018-2023) & ($ Millions)
    Table 57. Middle East & Africa Chillers Revenue Market Share by Country (2018-2023)
    Table 58. Middle East & Africa Chillers Sales by Type (2018-2023) & (Units)
    Table 59. Middle East & Africa Chillers Sales by Application (2018-2023) & (Units)
    Table 60. Key Market Drivers & Growth Opportunities of Chillers
    Table 61. Key Market Challenges & Risks of Chillers
    Table 62. Key Industry Trends of Chillers
    Table 63. Chillers Raw Material
    Table 64. Key Suppliers of Raw Materials
    Table 65. Chillers Distributors List
    Table 66. Chillers Customer List
    Table 67. Global Chillers Sales Forecast by Region (2024-2029) & (Units)
    Table 68. Global Chillers Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 69. Americas Chillers Sales Forecast by Country (2024-2029) & (Units)
    Table 70. Americas Chillers Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 71. APAC Chillers Sales Forecast by Region (2024-2029) & (Units)
    Table 72. APAC Chillers Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 73. Europe Chillers Sales Forecast by Country (2024-2029) & (Units)
    Table 74. Europe Chillers Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 75. Middle East & Africa Chillers Sales Forecast by Country (2024-2029) & (Units)
    Table 76. Middle East & Africa Chillers Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 77. Global Chillers Sales Forecast by Type (2024-2029) & (Units)
    Table 78. Global Chillers Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 79. Global Chillers Sales Forecast by Application (2024-2029) & (Units)
    Table 80. Global Chillers Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 81. Trane Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 82. Trane Chillers Product Portfolios and Specifications
    Table 83. Trane Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 84. Trane Main Business
    Table 85. Trane Latest Developments
    Table 86. Johnson Controls - Hitachi Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 87. Johnson Controls - Hitachi Chillers Product Portfolios and Specifications
    Table 88. Johnson Controls - Hitachi Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 89. Johnson Controls - Hitachi Main Business
    Table 90. Johnson Controls - Hitachi Latest Developments
    Table 91. Carrier Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 92. Carrier Chillers Product Portfolios and Specifications
    Table 93. Carrier Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 94. Carrier Main Business
    Table 95. Carrier Latest Developments
    Table 96. Mitsubshi Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 97. Mitsubshi Chillers Product Portfolios and Specifications
    Table 98. Mitsubshi Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 99. Mitsubshi Main Business
    Table 100. Mitsubshi Latest Developments
    Table 101. LG Electronics Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 102. LG Electronics Chillers Product Portfolios and Specifications
    Table 103. LG Electronics Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 104. LG Electronics Main Business
    Table 105. LG Electronics Latest Developments
    Table 106. Daikin Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 107. Daikin Chillers Product Portfolios and Specifications
    Table 108. Daikin Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 109. Daikin Main Business
    Table 110. Daikin Latest Developments
    Table 111. DunAn Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 112. DunAn Chillers Product Portfolios and Specifications
    Table 113. DunAn Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 114. DunAn Main Business
    Table 115. DunAn Latest Developments
    Table 116. Dunham-Bush Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 117. Dunham-Bush Chillers Product Portfolios and Specifications
    Table 118. Dunham-Bush Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 119. Dunham-Bush Main Business
    Table 120. Dunham-Bush Latest Developments
    Table 121. TICA Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 122. TICA Chillers Product Portfolios and Specifications
    Table 123. TICA Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 124. TICA Main Business
    Table 125. TICA Latest Developments
    Table 126. Bosch Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 127. Bosch Chillers Product Portfolios and Specifications
    Table 128. Bosch Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 129. Bosch Main Business
    Table 130. Bosch Latest Developments
    Table 131. Ebara Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 132. Ebara Chillers Product Portfolios and Specifications
    Table 133. Ebara Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 134. Ebara Main Business
    Table 135. Ebara Latest Developments
    Table 136. Smardt　Chiller　Group Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 137. Smardt　Chiller　Group Chillers Product Portfolios and Specifications
    Table 138. Smardt　Chiller　Group Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 139. Smardt　Chiller　Group Main Business
    Table 140. Smardt　Chiller　Group Latest Developments
    Table 141. Parker Hannifin Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 142. Parker Hannifin Chillers Product Portfolios and Specifications
    Table 143. Parker Hannifin Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 144. Parker Hannifin Main Business
    Table 145. Parker Hannifin Latest Developments
    Table 146. Dimplex Thermal Solutions Basic Information, Chillers Manufacturing Base, Sales Area and Its Competitors
    Table 147. Dimplex Thermal Solutions Chillers Product Portfolios and Specifications
    Table 148. Dimplex Thermal Solutions Chillers Sales (Units), Revenue ($ Million), Price (K USD/Unit) and Gross Margin (2018-2023)
    Table 149. Dimplex Thermal Solutions Main Business
    Table 150. Dimplex Thermal Solutions Latest Developments
List of Figures
    Figure 1. Picture of Chillers
    Figure 2. Chillers Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Chillers Sales Growth Rate 2018-2029 (Units)
    Figure 7. Global Chillers Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Chillers Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of 0°C to -29°C
    Figure 10. Product Picture of -30°C to -49°C
    Figure 11. Product Picture of -50°C to -99°C
    Figure 12. Product Picture of -100°C or less
    Figure 13. Product Picture of Others
    Figure 14. Global Chillers Sales Market Share by Type in 2022
    Figure 15. Global Chillers Revenue Market Share by Type (2018-2023)
    Figure 16. Chillers Consumed in Commercial
    Figure 17. Global Chillers Market: Commercial (2018-2023) & (Units)
    Figure 18. Chillers Consumed in Industrial
    Figure 19. Global Chillers Market: Industrial (2018-2023) & (Units)
    Figure 20. Global Chillers Sales Market Share by Application (2022)
    Figure 21. Global Chillers Revenue Market Share by Application in 2022
    Figure 22. Chillers Sales Market by Company in 2022 (Units)
    Figure 23. Global Chillers Sales Market Share by Company in 2022
    Figure 24. Chillers Revenue Market by Company in 2022 ($ Million)
    Figure 25. Global Chillers Revenue Market Share by Company in 2022
    Figure 26. Global Chillers Sales Market Share by Geographic Region (2018-2023)
    Figure 27. Global Chillers Revenue Market Share by Geographic Region in 2022
    Figure 28. Americas Chillers Sales 2018-2023 (Units)
    Figure 29. Americas Chillers Revenue 2018-2023 ($ Millions)
    Figure 30. APAC Chillers Sales 2018-2023 (Units)
    Figure 31. APAC Chillers Revenue 2018-2023 ($ Millions)
    Figure 32. Europe Chillers Sales 2018-2023 (Units)
    Figure 33. Europe Chillers Revenue 2018-2023 ($ Millions)
    Figure 34. Middle East & Africa Chillers Sales 2018-2023 (Units)
    Figure 35. Middle East & Africa Chillers Revenue 2018-2023 ($ Millions)
    Figure 36. Americas Chillers Sales Market Share by Country in 2022
    Figure 37. Americas Chillers Revenue Market Share by Country in 2022
    Figure 38. Americas Chillers Sales Market Share by Type (2018-2023)
    Figure 39. Americas Chillers Sales Market Share by Application (2018-2023)
    Figure 40. United States Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 41. Canada Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Mexico Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 43. Brazil Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 44. APAC Chillers Sales Market Share by Region in 2022
    Figure 45. APAC Chillers Revenue Market Share by Regions in 2022
    Figure 46. APAC Chillers Sales Market Share by Type (2018-2023)
    Figure 47. APAC Chillers Sales Market Share by Application (2018-2023)
    Figure 48. China Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 49. Japan Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 50. South Korea Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 51. Southeast Asia Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 52. India Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 53. Australia Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 54. China Taiwan Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 55. Europe Chillers Sales Market Share by Country in 2022
    Figure 56. Europe Chillers Revenue Market Share by Country in 2022
    Figure 57. Europe Chillers Sales Market Share by Type (2018-2023)
    Figure 58. Europe Chillers Sales Market Share by Application (2018-2023)
    Figure 59. Germany Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 60. France Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 61. UK Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 62. Italy Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Russia Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 64. Middle East & Africa Chillers Sales Market Share by Country in 2022
    Figure 65. Middle East & Africa Chillers Revenue Market Share by Country in 2022
    Figure 66. Middle East & Africa Chillers Sales Market Share by Type (2018-2023)
    Figure 67. Middle East & Africa Chillers Sales Market Share by Application (2018-2023)
    Figure 68. Egypt Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 69. South Africa Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 70. Israel Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Turkey Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 72. GCC Country Chillers Revenue Growth 2018-2023 ($ Millions)
    Figure 73. Manufacturing Cost Structure Analysis of Chillers in 2022
    Figure 74. Manufacturing Process Analysis of Chillers
    Figure 75. Industry Chain Structure of Chillers
    Figure 76. Channels of Distribution
    Figure 77. Global Chillers Sales Market Forecast by Region (2024-2029)
    Figure 78. Global Chillers Revenue Market Share Forecast by Region (2024-2029)
    Figure 79. Global Chillers Sales Market Share Forecast by Type (2024-2029)
    Figure 80. Global Chillers Revenue Market Share Forecast by Type (2024-2029)
    Figure 81. Global Chillers Sales Market Share Forecast by Application (2024-2029)
    Figure 82. Global Chillers Revenue Market Share Forecast by Application (2024-2029)

Trane
Johnson Controls - Hitachi
Carrier
Mitsubshi
LG Electronics
Daikin
DunAn
Dunham-Bush
TICA
Bosch
Ebara
Smardt　Chiller　Group
Parker Hannifin
Dimplex Thermal Solutions

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape