APO RESEARCH · REPORT
Chillers
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).
Product & engineering
Understand the product.
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).
Selected research
Industry Growth & Trends
Global Chillers Industry Growth and Trends Forecast to 2032
Market perspective
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).
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.
Report Scope
Read the full market overview
This report provides a structured, data-driven view of the global Chillers market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Chillers market size, estimates, and forecasts are presented in terms of sales volume (units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Chillers market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant toChillers.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Chillers market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Chillers Market by Company
Trane
Johnson Controls - Hitachi
Carrier
Mitsubshi
LG Electronics
Daikin
DunAn
Dunham-Bush
TICA
Bosch
Ebara
Smardt Chiller Group
Parker Hannifin
Dimplex Thermal Solutions
Chillers Segment by Type
0°C to -29°C
-30°C to -49°C
-50°C to -99°C
-100°C or less
Others
Chillers Segment by Application
Commercial
Industrial
Chillers Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Chillers market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Chillers and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Chillers.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Chillers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Chillers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- 0°C to -29°C
- -30°C to -49°C
- -50°C to -99°C
- -100°C or less
- Others
Applications
- Commercial
- Industrial
Companies covered
- Trane
- Johnson Controls - Hitachi
- Carrier
- Mitsubshi
- LG Electronics
- Daikin
- DunAn
- Dunham-Bush
- TICA
- Bosch
- Ebara
- Smardt Chiller Group
- Parker Hannifin
- Dimplex Thermal Solutions
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Chillers Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Chillers Sales Estimates and Forecasts (2021-2032)
- 1.3 Chillers Market by Type
- 1.3.1 0°C to -29°C
- 1.3.2 -30°C to -49°C
- 1.3.3 -50°C to -99°C
- 1.3.4 -100°C or less
- 1.3.5 Others
- 1.4 Global Chillers Market Size by Type
- 1.4.1 Global Chillers Market Size Overview by Type (2021-2032)
- 1.4.2 Global Chillers Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Chillers Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Chillers Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Chillers Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Chillers Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Chillers Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Chillers Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Chillers Industry Trends
- 2.2 Chillers Industry Drivers
- 2.3 Chillers Industry Opportunities and Challenges
- 2.4 Chillers Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Chillers Revenue (2021-2026)
- 3.2 Global Top Players by Chillers Sales (2021-2026)
- 3.3 Global Top Players by Chillers Price (2021-2026)
- 3.4 Global Chillers Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Chillers Major Company Production Sites & Headquarters
- 3.6 Global Chillers Company, Product Type & Application
- 3.7 Global Chillers Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Chillers Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Chillers Players Market Share by Revenue in 2025
- 3.8.3 2025 Chillers Tier 1, Tier 2, and Tier 3
4 Chillers Regional Status and Outlook
- 4.1 Global Chillers Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Chillers Historic Market Size by Region
- 4.2.1 Global Chillers Sales in Volume by Region (2021-2026)
- 4.2.2 Global Chillers Sales in Value by Region (2021-2026)
- 4.2.3 Global Chillers Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Chillers Forecasted Market Size by Region
- 4.3.1 Global Chillers Sales in Volume by Region (2027-2032)
- 4.3.2 Global Chillers Sales in Value by Region (2027-2032)
- 4.3.3 Global Chillers Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Chillers by Application
- 5.1 Chillers Market by Application
- 5.1.1 Commercial
- 5.1.2 Industrial
- 5.2 Global Chillers Market Size by Application
- 5.2.1 Global Chillers Market Size Overview by Application (2021-2032)
- 5.2.2 Global Chillers Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Chillers Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Chillers Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Chillers Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Chillers Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Chillers Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Chillers Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Trane
- 6.1.1 Trane Company Information
- 6.1.2 Trane Business Overview
- 6.1.3 Trane Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Trane Chillers Product Portfolio
- 6.1.5 Trane Recent Developments
- 6.2 Johnson Controls - Hitachi
- 6.2.1 Johnson Controls - Hitachi Company Information
- 6.2.2 Johnson Controls - Hitachi Business Overview
- 6.2.3 Johnson Controls - Hitachi Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Johnson Controls - Hitachi Chillers Product Portfolio
- 6.2.5 Johnson Controls - Hitachi Recent Developments
- 6.3 Carrier
- 6.3.1 Carrier Company Information
- 6.3.2 Carrier Business Overview
- 6.3.3 Carrier Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Carrier Chillers Product Portfolio
- 6.3.5 Carrier Recent Developments
- 6.4 Mitsubshi
- 6.4.1 Mitsubshi Company Information
- 6.4.2 Mitsubshi Business Overview
- 6.4.3 Mitsubshi Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Mitsubshi Chillers Product Portfolio
- 6.4.5 Mitsubshi Recent Developments
- 6.5 LG Electronics
- 6.5.1 LG Electronics Company Information
- 6.5.2 LG Electronics Business Overview
- 6.5.3 LG Electronics Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 LG Electronics Chillers Product Portfolio
- 6.5.5 LG Electronics Recent Developments
- 6.6 Daikin
- 6.6.1 Daikin Company Information
- 6.6.2 Daikin Business Overview
- 6.6.3 Daikin Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Daikin Chillers Product Portfolio
- 6.6.5 Daikin Recent Developments
- 6.7 DunAn
- 6.7.1 DunAn Company Information
- 6.7.2 DunAn Business Overview
- 6.7.3 DunAn Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 DunAn Chillers Product Portfolio
- 6.7.5 DunAn Recent Developments
- 6.8 Dunham-Bush
- 6.8.1 Dunham-Bush Company Information
- 6.8.2 Dunham-Bush Business Overview
- 6.8.3 Dunham-Bush Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Dunham-Bush Chillers Product Portfolio
- 6.8.5 Dunham-Bush Recent Developments
- 6.9 TICA
- 6.9.1 TICA Company Information
- 6.9.2 TICA Business Overview
- 6.9.3 TICA Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 TICA Chillers Product Portfolio
- 6.9.5 TICA Recent Developments
- 6.10 Bosch
- 6.10.1 Bosch Company Information
- 6.10.2 Bosch Business Overview
- 6.10.3 Bosch Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Bosch Chillers Product Portfolio
- 6.10.5 Bosch Recent Developments
- 6.11 Ebara
- 6.11.1 Ebara Company Information
- 6.11.2 Ebara Business Overview
- 6.11.3 Ebara Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Ebara Chillers Product Portfolio
- 6.11.5 Ebara Recent Developments
- 6.12 Smardt Chiller Group
- 6.12.1 Smardt Chiller Group Company Information
- 6.12.2 Smardt Chiller Group Business Overview
- 6.12.3 Smardt Chiller Group Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Smardt Chiller Group Chillers Product Portfolio
- 6.12.5 Smardt Chiller Group Recent Developments
- 6.13 Parker Hannifin
- 6.13.1 Parker Hannifin Company Information
- 6.13.2 Parker Hannifin Business Overview
- 6.13.3 Parker Hannifin Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Parker Hannifin Chillers Product Portfolio
- 6.13.5 Parker Hannifin Recent Developments
- 6.14 Dimplex Thermal Solutions
- 6.14.1 Dimplex Thermal Solutions Company Information
- 6.14.2 Dimplex Thermal Solutions Business Overview
- 6.14.3 Dimplex Thermal Solutions Chillers Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Dimplex Thermal Solutions Chillers Product Portfolio
- 6.14.5 Dimplex Thermal Solutions Recent Developments
7 North America by Country
- 7.1 North America Chillers Sales by Country
- 7.1.1 North America Chillers Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Chillers Sales by Country (2021-2026)
- 7.1.3 North America Chillers Sales Forecast by Country (2027-2032)
- 7.2 North America Chillers Market Size by Country
- 7.2.1 North America Chillers Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Chillers Market Size by Country (2021-2026)
- 7.2.3 North America Chillers Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Chillers Sales by Country
- 8.1.1 Europe Chillers Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Chillers Sales by Country (2021-2026)
- 8.1.3 Europe Chillers Sales Forecast by Country (2027-2032)
- 8.2 Europe Chillers Market Size by Country
- 8.2.1 Europe Chillers Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Chillers Market Size by Country (2021-2026)
- 8.2.3 Europe Chillers Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Chillers Sales by Country
- 9.1.1 Asia-Pacific Chillers Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Chillers Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Chillers Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Chillers Market Size by Country
- 9.2.1 Asia-Pacific Chillers Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Chillers Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Chillers Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Chillers Sales by Country
- 10.1.1 South America Chillers Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Chillers Sales by Country (2021-2026)
- 10.1.3 South America Chillers Sales Forecast by Country (2027-2032)
- 10.2 South America Chillers Market Size by Country
- 10.2.1 South America Chillers Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Chillers Market Size by Country (2021-2026)
- 10.2.3 South America Chillers Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Chillers Sales by Country
- 11.1.1 Middle East and Africa Chillers Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Chillers Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Chillers Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Chillers Market Size by Country
- 11.2.1 Middle East and Africa Chillers Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Chillers Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Chillers Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Chillers Value Chain Analysis
- 12.1.1 Chillers Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Chillers Production Mode & Process
- 12.2 Chillers Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Chillers Distributors
- 12.2.3 Chillers Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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