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 Research
Chillers Industry Research Report 2026
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 quantifies the global Chillers market in revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Chillers.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Chillers manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Chillers by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Chillers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Chillers by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 0°C to -29°C
- 2.2.3 -30°C to -49°C
- 2.2.4 -50°C to -99°C
- 2.2.5 -100°C or less
- 2.2.6 Others
- 2.3 Chillers by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Commercial
- 2.3.3 Industrial
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Chillers Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Chillers Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Chillers Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Chillers Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Chillers Production by Manufacturers (2021-2026)
- 3.2 Global Chillers Production Value by Manufacturers (2021-2026)
- 3.3 Global Chillers Average Price by Manufacturers (2021-2026)
- 3.4 Global Chillers Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Chillers Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Chillers Manufacturers, Product Type & Application
- 3.7 Global Chillers Manufacturers Established Date
- 3.8 Global Chillers Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Trane
- 4.1.1 Trane Chillers Company Information
- 4.1.2 Trane Chillers Business Overview
- 4.1.3 Trane Chillers Production, Value and Gross Margin (2021-2026)
- 4.1.4 Trane Product Portfolio
- 4.1.5 Trane Recent Developments
- 4.2 Johnson Controls - Hitachi
- 4.2.1 Johnson Controls - Hitachi Chillers Company Information
- 4.2.2 Johnson Controls - Hitachi Chillers Business Overview
- 4.2.3 Johnson Controls - Hitachi Chillers Production, Value and Gross Margin (2021-2026)
- 4.2.4 Johnson Controls - Hitachi Product Portfolio
- 4.2.5 Johnson Controls - Hitachi Recent Developments
- 4.3 Carrier
- 4.3.1 Carrier Chillers Company Information
- 4.3.2 Carrier Chillers Business Overview
- 4.3.3 Carrier Chillers Production, Value and Gross Margin (2021-2026)
- 4.3.4 Carrier Product Portfolio
- 4.3.5 Carrier Recent Developments
- 4.4 Mitsubshi
- 4.4.1 Mitsubshi Chillers Company Information
- 4.4.2 Mitsubshi Chillers Business Overview
- 4.4.3 Mitsubshi Chillers Production, Value and Gross Margin (2021-2026)
- 4.4.4 Mitsubshi Product Portfolio
- 4.4.5 Mitsubshi Recent Developments
- 4.5 LG Electronics
- 4.5.1 LG Electronics Chillers Company Information
- 4.5.2 LG Electronics Chillers Business Overview
- 4.5.3 LG Electronics Chillers Production, Value and Gross Margin (2021-2026)
- 4.5.4 LG Electronics Product Portfolio
- 4.5.5 LG Electronics Recent Developments
- 4.6 Daikin
- 4.6.1 Daikin Chillers Company Information
- 4.6.2 Daikin Chillers Business Overview
- 4.6.3 Daikin Chillers Production, Value and Gross Margin (2021-2026)
- 4.6.4 Daikin Product Portfolio
- 4.6.5 Daikin Recent Developments
- 4.7 DunAn
- 4.7.1 DunAn Chillers Company Information
- 4.7.2 DunAn Chillers Business Overview
- 4.7.3 DunAn Chillers Production, Value and Gross Margin (2021-2026)
- 4.7.4 DunAn Product Portfolio
- 4.7.5 DunAn Recent Developments
- 4.8 Dunham-Bush
- 4.8.1 Dunham-Bush Chillers Company Information
- 4.8.2 Dunham-Bush Chillers Business Overview
- 4.8.3 Dunham-Bush Chillers Production, Value and Gross Margin (2021-2026)
- 4.8.4 Dunham-Bush Product Portfolio
- 4.8.5 Dunham-Bush Recent Developments
- 4.9 TICA
- 4.9.1 TICA Chillers Company Information
- 4.9.2 TICA Chillers Business Overview
- 4.9.3 TICA Chillers Production, Value and Gross Margin (2021-2026)
- 4.9.4 TICA Product Portfolio
- 4.9.5 TICA Recent Developments
- 4.10 Bosch
- 4.10.1 Bosch Chillers Company Information
- 4.10.2 Bosch Chillers Business Overview
- 4.10.3 Bosch Chillers Production, Value and Gross Margin (2021-2026)
- 4.10.4 Bosch Product Portfolio
- 4.10.5 Bosch Recent Developments
- 4.11 Ebara
- 4.11.1 Ebara Chillers Company Information
- 4.11.2 Ebara Chillers Business Overview
- 4.11.3 Ebara Chillers Production, Value and Gross Margin (2021-2026)
- 4.11.4 Ebara Product Portfolio
- 4.11.5 Ebara Recent Developments
- 4.12 Smardt Chiller Group
- 4.12.1 Smardt Chiller Group Chillers Company Information
- 4.12.2 Smardt Chiller Group Chillers Business Overview
- 4.12.3 Smardt Chiller Group Chillers Production, Value and Gross Margin (2021-2026)
- 4.12.4 Smardt Chiller Group Product Portfolio
- 4.12.5 Smardt Chiller Group Recent Developments
- 4.13 Parker Hannifin
- 4.13.1 Parker Hannifin Chillers Company Information
- 4.13.2 Parker Hannifin Chillers Business Overview
- 4.13.3 Parker Hannifin Chillers Production, Value and Gross Margin (2021-2026)
- 4.13.4 Parker Hannifin Product Portfolio
- 4.13.5 Parker Hannifin Recent Developments
- 4.14 Dimplex Thermal Solutions
- 4.14.1 Dimplex Thermal Solutions Chillers Company Information
- 4.14.2 Dimplex Thermal Solutions Chillers Business Overview
- 4.14.3 Dimplex Thermal Solutions Chillers Production, Value and Gross Margin (2021-2026)
- 4.14.4 Dimplex Thermal Solutions Product Portfolio
- 4.14.5 Dimplex Thermal Solutions Recent Developments
5 Global Chillers Production by Region
- 5.1 Global Chillers Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Chillers Production by Region: 2021-2032
- 5.2.1 Global Chillers Production by Region: 2021-2026
- 5.2.2 Global Chillers Production Forecast by Region (2027-2032)
- 5.3 Global Chillers Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Chillers Production Value by Region: 2021-2032
- 5.4.1 Global Chillers Production Value by Region: 2021-2026
- 5.4.2 Global Chillers Production Value Forecast by Region (2027-2032)
- 5.5 Global Chillers Market Price Analysis by Region (2021-2026)
- 5.6 Global Chillers Production and Value, YOY Growth
- 5.6.1 North America Chillers Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Chillers Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Chillers Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Chillers Production Value Estimates and Forecasts (2021-2032)
6 Global Chillers Consumption by Region
- 6.1 Global Chillers Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Chillers Consumption by Region (2021-2032)
- 6.2.1 Global Chillers Consumption by Region: 2021-2026
- 6.2.2 Global Chillers Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Chillers Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Chillers Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Chillers Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Chillers Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Chillers Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Chillers Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Chillers Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Chillers Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Chillers Production by Type (2021-2032)
- 7.1.1 Global Chillers Production by Type (2021-2032) & (units)
- 7.1.2 Global Chillers Production Market Share by Type (2021-2032)
- 7.2 Global Chillers Production Value by Type (2021-2032)
- 7.2.1 Global Chillers Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Chillers Production Value Market Share by Type (2021-2032)
- 7.3 Global Chillers Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Chillers Production by Application (2021-2032)
- 8.1.1 Global Chillers Production by Application (2021-2032) & (units)
- 8.1.2 Global Chillers Production Market Share by Application (2021-2032)
- 8.2 Global Chillers Production Value by Application (2021-2032)
- 8.2.1 Global Chillers Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Chillers Production Value Market Share by Application (2021-2032)
- 8.3 Global Chillers Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Chillers Value Chain Analysis
- 9.1.1 Chillers Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Chillers Production Mode & Process
- 9.2 Chillers Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Chillers Distributors
- 9.2.3 Chillers Customers
10 Global Chillers Analyzing Market Dynamics
- 10.1 Chillers Industry Trends
- 10.2 Chillers Industry Drivers
- 10.3 Chillers Industry Opportunities and Challenges
- 10.4 Chillers Industry Restraints
11 Report Conclusion
12 Disclaimer
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