Chillers Market

Chillers Market By Compressor Type (Screw Chillers, Centrifugal Chillers, Reciprocating, Absorption Chillers), By Capacity (<100 kW, 100-350 kW, 350-700 kW, >700 kW), By Refrigerant Type (R22, R407C, R134A), By Heat Rejection Method, End User & Region - Global Insights 2022 to 2032

Analysis of Chillers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Chillers Market Outlook (2022-2032)

Global sales of chillers are predicted to rise at a CAGR of 2.8% from 2022 to 2032. In 2022, the global chillers market stands at a valuation of US$ 4.2 billion and is expected to reach US$ 5.5 billion by the end of 2032.

More consumers nowadays are choosing screw compressors that utilize eco-friendly refrigerants. Along with being user-friendly and low-maintenance systems, screw chillers are operated either as air freezers or water freezers through two interlocked helical rotors that compress the refrigerant.

Report Attributes

Details

Chillers Market Size (2022E)

US$ 4.2 Billion

Forecasted Market Value (2032F)

US$ 5.5 Billion

Global Market Growth Rate (2022-2032)

2.8% CAGR

North America Market Share (2022)

26.7%

Europe Market Share (2022)

23.2%

Key Companies Profiled

  • Daikin Industries
  • Johnson Controls
  • Trane Inc.
  • Carrier Corporation
  • Thermax Limited
  • GEA Group
  • Broad Group
  • Dunham Group
  • Smartd Chiller Group Inc.
  • Thermal Care Inc.
  • SKM Air Conditioning

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Sales Analysis of Chillers (2017-2021) Vs. Market Outlook (2022-2032)

“Increasing Need for Cooling Equipment in Industrial Units”

According to Fact.MR, a market research and competitive intelligence provider, worldwide consumption of chillers is expected to increase at a CAGR of 2.8% from 2022 to 2032.

With increasing temperatures in the environment, global warming has caused many changes in recent years. A chiller removes unwanted heat from a residential, commercial, or industrial building. Hotels, restaurants, hospitals, sporting arenas, and industrial & manufacturing plants, have become essential elements of the HVAC systems.

Increasing the requirement for cooling equipment in industrial units is boosting the sales of chillers. The demand for chillers has seen continuous growth globally during the last few years.

Chillers are gaining traction globally, due to their solar cooling applications. A wide range of equipment and systems is produced, including chemicals, refrigeration equipment, air conditioning equipment, electronics, hydraulics, and defense systems.

The fast pace of modern life has caused considerable changes in eating habits. Consumers are more inclined toward frozen foods, given their convenience in carrying and cooking. That said, efficient freezing activity is essential to avoid microbe penetration in food products. This has led to the use of process chillers in the frozen food space, which is a key growth propeller for the chillers market.

Chillers eliminate heat from the liquid through vapor compression and are used widely in the industrial and commercial sectors to maintain equipment temperature for better performance. The liquid is circulated through a heat exchanger or any other process, such as air or process water, to cool the equipment. These devices are used in a wide area, such as industries, homes, offices, etc.

Chillers find applications in new housing developments and commercial sectors. Chillers can primarily be classified as, namely, absorption chillers and refrigerant compression chillers. Absorption chillers are the fastest-growing type of chillers, globally.

Chillers find applications in the plastic industry for cooling the hot plastic that is injected, extruded, and blown; in the brewery industry for cooling kettles in fermentation; in the printing industry for cooling warm rollers; in the laser cutting industry; in the medical industry for cooling the MRI units; in the HVAC industry to maintain the desired temperature in the high rise buildings.

Chillers market forecast by Fact.MR

What Market Factors are Propelling Demand for Chillers?

“Rising Adoption of Cost-efficient & Energy-efficient Cooling Systems”

Increased disposable income and rapid urbanization are expected to drive the demand for chillers over the coming years. Due to the significant amount of frozen food consumed, hydro chillers have emerged as the most popular option for the chilling effect, which is fueling the expansion of the worldwide chillers market.

Chillers are projected to experience growth prospects over the projection period as a result of increasing awareness about devices that maintain the room temperature and rising demand for green construction initiatives.

There will be chances for market expansion in the chillers sector as a result of important energy conservation measures being implemented to meet the rising demand for energy-efficient cooling systems. The growing need for affordable cooling systems in the industrial sector is predicted to fuel the expansion of the chillers industry.

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What Strategies are New Companies Using to Thrive in This Industry?

“Implementation of Innovative & Sustainable Technology for Efficient Products”

Start-ups are focused on technological development to offer consumers super-efficient chillers at a low price, service, noise, and vibration levels. New entrants are concentrating on producing chillers based on an innovative and sustainable technology designed for minimal energy loss in industrial applications.

For instance :

  • Fenagy, a new Denmark-based company, makes CO2-based chillers and heat pumps. The company makes chillers that are environment-friendly by using carbon dioxide as its coolant and excess heat for its operations. The company’s technology can be integrated with energy, thermal, and energy grid activities.

What is the Regional Chillers Market Analysis?

“Rising Power Cooler Unit Demand and Growing Usage of Chillers in High-rise Office Buildings across North America & Europe”

North America accounts for 26.7% share of the global chillers market. Chillers have long been recognized as a major energy consumer in most facilities. Nearly 20% of the power in North America is generated by the extensive use of chillers, according to the U.S. Department of Energy (DOE).

Rising investments by key market players in manufacturing facilities for product developments are driving the market growth in North America. The market expansion in the region is being driven by the quick growth of the commercial and residential construction industries, increasing demand for industrial cooling systems, and rising power cooler unit demand.

With a 23.2% market share, Europe is the second-largest region for the chillers market. The replacement of R22 refrigerants, the prominent presence of chiller providers, and the use of chillers in high-rise office buildings and airports are driving market growth in Europe.

In the Asia Pacific, Vietnam, China, and Thailand have seen major growth in the chillers market owing to a small number of huge projects, mainly supplied by centrifugal chillers.

In China, the demand for chillers is seen in energy plants, hospitals, schools, and telecommunications. Energy efficiency is the main driver for the chillers market in India. Airports and shopping malls are the major end users for chillers in Indonesia.

Which End User Drives High Demand for Chillers?

“Rapid Integration of Chillers for Temperature-sensitive Processes in Plastic Industry”

Based on end user, the chillers market is segmented into rubber, food & beverages, plastic, medical & pharmaceuticals, chemicals & petrochemicals, and others. Chillers are widely used in plastic manufacturing.

They are largely used in rapidly cooling hot plastic that is injected, extruded, stamped, or blown. This is in sync with the plastic industry, which has witnessed renascent growth in the past years, particularly plastic gaining high traction in the FMCG sector.

Particular attention is given by manufacturers to industry-specific chiller characteristics, such as temperature regulation for operations that are temperature-sensitive in the plastic industry. The rising proliferation of chillers in the growing plastic industry has had a profound impact on sales of chillers, in turn aiding the growth of their market worldwide.

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Competitive Landscape

Chiller manufacturers follow a variety of energy-efficiency standards set by governing bodies. To meet the rising demand for these products, market players are concentrating on obtaining certifications and growing their production capacities.

The pervasiveness of chillers across various end-use applications, coupled with rising advancements in technology, has led to the development of IoT-based chillers.

For instance :

  • Pro Chiller Systems has developed new IoT-powered chillers that enable data visualizations via a customized dashboard. IoT-powered chillers can facilitate efficient monitoring and control for various industrial applications, making them a trending novelty in the chillers industry.

Key Segments Covered in Chillers Industry Research

  • By Compressor Type :

    • Screw Chillers
    • Centrifugal Chillers
    • Scroll Chillers
    • Reciprocating Chillers
    • Absorption Chillers
  • By Capacity :

    • <100 kW 
    • 100 kW to 350 kW 
    • 350 kW to 700 kW 
    • >700 kW 
  • By Heat Rejection Method :

    • Air-cooled Chillers
    • Water-cooled Chillers
    • Absorption Chillers
  • By Refrigerant Type :

    • R22 
    • R407C 
    • R134A 
    • R410A 
    • Others
  • By End User :

    • Rubber
    • Food & Beverages
    • Plastic
    • Medical & Pharmaceuticals
    • Chemicals & Petrochemicals
    • Others
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Compressor Type Innovation / Development Trends

4. Market Background

    4.1. Macro-Economic Factors

        4.1.1. Rise in Expenditure

        4.1.2. Increased Per Capita Expenditure

    4.2. Forecast Factors - Relevance & Impact

        4.2.1. Products in Pipeline

        4.2.2. Regulatory Scenario

        4.2.3. Mergers and Acquisitions

        4.2.4. Collaborative Agreements

        4.2.5. Value Chain

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunity Analysis

    4.4. COVID19 Crisis Analysis

        4.4.1. Current COVID19 Statistics and Probable Future Impact

        4.4.2. Current GDP Projection and Probable Impact

        4.4.3. Current Economic Projection as Compared to 2008 Economic analysis

        4.4.4. COVID19 and Impact Analysis

            4.4.4.1. Revenue By Compressor Type

            4.4.4.2. Revenue By Heat Rejection Method

            4.4.4.3. Revenue By Capacity

            4.4.4.4. Revenue By Refrigerant Type

            4.4.4.5. Revenue By End User

            4.4.4.6. Revenue By Country

        4.4.5. 2020 Market Scenario

        4.4.6. Quarter by Quarter Forecast

        4.4.7. Projected Recovery Quarter

        4.4.8. Recovery Scenario – Short term, Midterm and Long Term Impact

5. Market Context

    5.1. Chillers Adoption and Usage Analysis

    5.2. Chillers Market Evolution

    5.3. Compressor Type Vs Heat Rejection Method Matrix

    5.4. Regulatory Scenario

    5.5. Parent Market Analysis

    5.6. Key Promotional Strategies by Market Players

6. Global Chillers Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Compressor Type

    6.2. Pricing Break-up

        6.2.1. Manufacturer Level Pricing

        6.2.2. Distributor Level Pricing

    6.3. Global Average Pricing Analysis Benchmark

7. Global Chillers Market Value Analysis 2017-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Chillers Market Analysis 2017-2021 and Forecast 2022-2032, By Compressor Type 

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Compressor Type, 2017-2021

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Compressor Type, 2022-2032

        8.3.1. Screw Chillers

        8.3.2. Centrifugal Chillers

        8.3.3. Scroll Chillers

        8.3.4. Reciprocating Chillers

        8.3.5. Absorption Chillers

    8.4. Market Attractiveness Analysis By Compressor Type 

9. Global Chillers Market Analysis 2017-2021 and Forecast 2022-2032, by Capacity

    9.1. Introduction / Key Findings Capacity Size, 2017-2021

    9.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Capacity, 2022-2032

        9.2.1. <100 kW Chillers

        9.2.2. 100 kW to 350 kW Chillers

        9.2.3. 350 kW to 700 kW Chillers

        9.2.4. >700 kW Chillers

    9.3. Market Attractiveness Analysis By Capacity

10. Global Chillers Market Analysis 2017-2021 and Forecast 2022-2032, by Heat Rejection Method

    10.1. Introduction / Key Findings Heat Rejection Method Size, 2017-2021

    10.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Heat Rejection Method, 2022-2032

        10.2.1. Air-cooled Chillers

        10.2.2. Water-cooled Chillers

        10.2.3. Absorption Chillers

    10.3. Market Attractiveness Analysis By Heat Rejection Method

11. Global Chillers Market Analysis 2017-2021 and Forecast 2022-2032, by Refrigerant Type

    11.1. Introduction / Key Findings Size, 2017-2021

    11.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Refrigerant Type, 2022-2032

        11.2.1. R22 Chillers

        11.2.2. R407C Chillers

        11.2.3. R134A Chillers

        11.2.4. R410A Chillers

        11.2.5. Others

    11.3. Market Attractiveness Analysis By Refrigerant Type

12. Global Chillers Market Analysis 2017-2021 and Forecast 2022-2032, by End User

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) Analysis By End User, 2017-2021

    12.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2022-2032

        12.3.1. Rubber

        12.3.2. Food & Beverages

        12.3.3. Plastic

        12.3.4. Medical & Pharmaceuticals

        12.3.5. Chemicals & Petrochemicals

        12.3.6. Others

    12.4. Market Attractiveness Analysis By End User

13. Global Chillers Market Analysis 2017-2021 and Forecast 2022-2032, by Region

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Analysis By Region, 2017-2021

    13.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022-2032

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. East Asia

        13.3.5. South Asia

        13.3.6. Oceania

        13.3.7. Middle East and Africa (MEA)

    13.4. Market Attractiveness Analysis By Region

14. North America Chillers Market Analysis 2017-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        14.3.1. By Country

            14.3.1.1. U.S.

            14.3.1.2. Canada

        14.3.2. By Compressor Type

        14.3.3. By Capacity

        14.3.4. By Heat Rejection Method

        14.3.5. By Refrigerant Type

        14.3.6. By End User

    14.4. Market Attractiveness Analysis

    14.5. Market Trends

    14.6. Key Market Participants - Intensity Mapping

    14.7. Drivers and Restraints - Impact Analysis

15. Europe Chillers Market Analysis 2017-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. Italy

            15.3.1.3. France

            15.3.1.4. U.K.

            15.3.1.5. Spain

            15.3.1.6. Rest of Europe

        15.3.2. By Compressor Type

        15.3.3. By Capacity

        15.3.4. By Heat Rejection Method

        15.3.5. By Refrigerant Type

        15.3.6. By End User

    15.4. Market Attractiveness Analysis

    15.5. Market Trends

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

16. Middle East and Africa Chillers Market Analysis 2017-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        16.3.1. By Country

            16.3.1.1. GCC Countries

            16.3.1.2. South Africa

            16.3.1.3. Rest of Middle East and Africa

        16.3.2. By Compressor Type

        16.3.3. By Capacity

        16.3.4. By Heat Rejection Method

        16.3.5. By Refrigerant Type

        16.3.6. By End User

    16.4. Market Attractiveness Analysis

    16.5. Market Trends

    16.6. Key Market Participants - Intensity Mapping

    16.7. Drivers and Restraints - Impact Analysis

17. Rest of the World Chillers Market Analysis 2017-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        17.3.1. By Compressor Type

        17.3.2. By Capacity

        17.3.3. By Heat Rejection Method

        17.3.4. By Refrigerant Type

        17.3.5. By End User

    17.4. Market Attractiveness Analysis

    17.5. Market Trends

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

18. Key and Emerging Countries Chillers Market Analysis 2017-2021 and Forecast 2022-2032

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. U.S. Chillers Market Analysis

        18.2.1. By Compressor Type

        18.2.2. By Capacity

        18.2.3. By Heat Rejection Method

        18.2.4. By Refrigerant Type

        18.2.5. By End User

    18.3. Canada Chillers Market Analysis

        18.3.1. By Compressor Type

        18.3.2. By Capacity

        18.3.3. By Heat Rejection Method

        18.3.4. By Refrigerant Type

        18.3.5. By End User

    18.4. U.K. Chillers Market Analysis

        18.4.1. By Compressor Type

        18.4.2. By Capacity

        18.4.3. By Heat Rejection Method

        18.4.4. By Refrigerant Type

        18.4.5. By End User

    18.5. Germany Chillers Market Analysis

        18.5.1. By Compressor Type

        18.5.2. By Capacity

        18.5.3. By Heat Rejection Method

        18.5.4. By Refrigerant Type

        18.5.5. By End User

    18.6. France Chillers Market Analysis

        18.6.1. By Compressor Type

        18.6.2. By Capacity

        18.6.3. By Heat Rejection Method

        18.6.4. By Refrigerant Type

        18.6.5. By End User

    18.7. Italy Chillers Market Analysis

        18.7.1. By Compressor Type

        18.7.2. By Capacity

        18.7.3. By Heat Rejection Method

        18.7.4. By Refrigerant Type

        18.7.5. By End User

    18.8. Spain Chillers Market Analysis

        18.8.1. By Compressor Type

        18.8.2. By Capacity

        18.8.3. By Heat Rejection Method

        18.8.4. By Refrigerant Type

        18.8.5. By End User

        18.8.6. By End User

    18.9. GCC Countries Chillers Market Analysis

        18.9.1. By Compressor Type

        18.9.2. By Capacity

        18.9.3. By Heat Rejection Method

        18.9.4. By Refrigerant Type

        18.9.5. By End User

    18.10. South Africa Chillers Market Analysis

        18.10.1. By Compressor Type

        18.10.2. By Capacity

        18.10.3. By Heat Rejection Method

        18.10.4. By Refrigerant Type

        18.10.5. By End User

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

    19.4. Market Presence Analysis

        19.4.1. By Regional footprint of Players

        19.4.2. Compressor Type foot print by Players

        19.4.3. Channel Foot Print by Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive

        20.3.1. Daikin Industries

            20.3.1.1. Overview

            20.3.1.2. Compressor Type Portfolio

            20.3.1.3. Analyst Commentary

            20.3.1.4. Key Financials

            20.3.1.5. Recent Developments

            20.3.1.6. Sales Footprint

            20.3.1.7. Strategy Overview

                20.3.1.7.1. Marketing Strategy

                20.3.1.7.2. Compressor Type Strategy

                20.3.1.7.3. Channel Strategy

        20.3.2. Johnson Controls

            20.3.2.1. Overview

            20.3.2.2. Compressor Type Portfolio

            20.3.2.3. Analyst Commentary

            20.3.2.4. Key Financials

            20.3.2.5. Recent Developments

            20.3.2.6. Sales Footprint

            20.3.2.7. Strategy Overview

                20.3.2.7.1. Marketing Strategy

                20.3.2.7.2. Compressor Type Strategy

                20.3.2.7.3. Channel Strategy

        20.3.3. Trane Inc.

            20.3.3.1. Overview

            20.3.3.2. Compressor Type Portfolio

            20.3.3.3. Analyst Commentary

            20.3.3.4. Key Financials

            20.3.3.5. Recent Developments

            20.3.3.6. Sales Footprint

            20.3.3.7. Strategy Overview

                20.3.3.7.1. Marketing Strategy

                20.3.3.7.2. Compressor Type Strategy

                20.3.3.7.3. Channel Strategy

        20.3.4. Carrier Corporation

            20.3.4.1. Overview

            20.3.4.2. Compressor Type Portfolio

            20.3.4.3. Analyst Commentary

            20.3.4.4. Key Financials

            20.3.4.5. Recent Developments

            20.3.4.6. Sales Footprint

            20.3.4.7. Strategy Overview

                20.3.4.7.1. Marketing Strategy

                20.3.4.7.2. Compressor Type Strategy

                20.3.4.7.3. Channel Strategy

        20.3.5. Thermax Limited

            20.3.5.1. Overview

            20.3.5.2. Compressor Type Portfolio

            20.3.5.3. Analyst Commentary

            20.3.5.4. Key Financials

            20.3.5.5. Recent Developments

            20.3.5.6. Sales Footprint

            20.3.5.7. Strategy Overview

                20.3.5.7.1. Marketing Strategy

                20.3.5.7.2. Compressor Type Strategy

                20.3.5.7.3. Channel Strategy

        20.3.6. GEA Group

            20.3.6.1. Overview

            20.3.6.2. Compressor Type Portfolio

            20.3.6.3. Analyst Commentary

            20.3.6.4. Key Financials

            20.3.6.5. Recent Developments

            20.3.6.6. Sales Footprint

            20.3.6.7. Strategy Overview

                20.3.6.7.1. Marketing Strategy

                20.3.6.7.2. Compressor Type Strategy

                20.3.6.7.3. Channel Strategy

        20.3.7. Broad Group

            20.3.7.1. Overview

            20.3.7.2. Compressor Type Portfolio

            20.3.7.3. Analyst Commentary

            20.3.7.4. Key Financials

            20.3.7.5. Recent Developments

            20.3.7.6. Sales Footprint

            20.3.7.7. Strategy Overview

                20.3.7.7.1. Marketing Strategy

                20.3.7.7.2. Compressor Type Strategy

                20.3.7.7.3. Channel Strategy

        20.3.8. Dunham Group

            20.3.8.1. Overview

            20.3.8.2. Compressor Type Portfolio

            20.3.8.3. Analyst Commentary

            20.3.8.4. Key Financials

            20.3.8.5. Recent Developments

            20.3.8.6. Sales Footprint

            20.3.8.7. Strategy Overview

                20.3.8.7.1. Marketing Strategy

                20.3.8.7.2. Compressor Type Strategy

                20.3.8.7.3. Channel Strategy

        20.3.9. Smartd Chiller Group Inc.

            20.3.9.1. Overview

            20.3.9.2. Compressor Type Portfolio

            20.3.9.3. Analyst Commentary

            20.3.9.4. Key Financials

            20.3.9.5. Recent Developments

            20.3.9.6. Sales Footprint

            20.3.9.7. Strategy Overview

                20.3.9.7.1. Marketing Strategy

                20.3.9.7.2. Compressor Type Strategy

                20.3.9.7.3. Channel Strategy

        20.3.10. Thermal Care Inc.

            20.3.10.1. Overview

            20.3.10.2. Compressor Type Portfolio

            20.3.10.3. Analyst Commentary

            20.3.10.4. Key Financials

            20.3.10.5. Recent Developments

            20.3.10.6. Sales Footprint

            20.3.10.7. Strategy Overview

                20.3.10.7.1. Marketing Strategy

                20.3.10.7.2. Compressor Type Strategy

                20.3.10.7.3. Channel Strategy

        20.3.11. SKM Air Conditioning

            20.3.11.1. Overview

            20.3.11.2. Compressor Type Portfolio

            20.3.11.3. Analyst Commentary

            20.3.11.4. Key Financials

            20.3.11.5. Recent Developments

            20.3.11.6. Sales Footprint

            20.3.11.7. Strategy Overview

                20.3.11.7.1. Marketing Strategy

                20.3.11.7.2. Compressor Type Strategy

                20.3.11.7.3. Channel Strategy

21. Assumptions and Acronyms Used

22. Research Methodology

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List Of Table

Table 01: Global Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Compressor Type

Table 02: Global Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Capacity

Table 03: Global Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Heat Rejection Method

Table 04: Global Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Refrigerant Type

Table 05: Global Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By End User 

Table 06: Global Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Refrigerant Type Age Group

Table 07: Global Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Region

Table 08: North America Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Country

Table 09: North America Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Compressor Type

Table 10: North America Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Heat Rejection Method

Table 11: North America Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Capacity

Table 12: North America Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Refrigerant Type

Table 13: North America Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By End User

Table 14: Europe Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Country

Table 15: Europe Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Compressor Type

Table 16: Europe Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Heat Rejection Method

Table 17: Europe Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Capacity

Table 18: Europe Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Refrigerant Type

Table 19: Europe Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By End User

Table 20: Middle East and Africa Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Country

Table 21: Middle East and Africa Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Compressor Type

Table 22: Middle East and Africa Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Heat Rejection Method

Table 23: Middle East and Africa Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Capacity

Table 24: Middle East and Africa Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Refrigerant Type

Table 25: Middle East and Africa Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By End User

Table 26: Rest of the World Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Compressor Type

Table 27: Rest of the World Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Heat Rejection Method

Table 28: Rest of the World Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Capacity

Table 29: Rest of the World Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By Refrigerant Type

Table 30: Rest of the World Chillers Market Size (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032, By End User

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List Of Figures

Figure 01: Global Chillers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032

Figure 02: Global Chillers Market Absolute $ Opportunity, 2022-2032

Figure 03: Global Chillers Market Share Analysis (%), By Compressor Type, 2022 & 2032

Figure 04: Global Chillers Market Y-o-Y Analysis (%), By Compressor Type, 2022-2032

Figure 05: Global Chillers Market Attractiveness Analysis By Compressor Type, 2022-2032

Figure 06: Global Chillers Market Share Analysis (%), By Capacity, 2022 & 2032

Figure 07: Global Chillers Market Y-o-Y Analysis (%), By Capacity, 2022-2032

Figure 08: Global Chillers Market Attractiveness Analysis By Capacity, 2022-2032

Figure 09: Global Chillers Market Share Analysis (%), By Heat Rejection Method, 2022 & 2032

Figure 10: Global Chillers Market Y-o-Y Analysis (%), By Heat Rejection Method, 2022-2032

Figure 11: Global Chillers Market Attractiveness Analysis By Heat Rejection Method, 2022-2032

Figure 12: Global Chillers Market Share Analysis (%), By Refrigerant Type, 2022 & 2032

Figure 13: Global Chillers Market Y-o-Y Analysis (%), By Refrigerant Type, 2022-2032

Figure 14: Global Chillers Market Attractiveness Analysis By Refrigerant Type, 2022-2032

Figure 15: Global Chillers Market Share Analysis (%), By End User, 2022 & 2032

Figure 16: Global Chillers Market Y-o-Y Analysis (%), By End User , 2022-2032

Figure 17: Global Chillers Market Attractiveness Analysis, By End User, 2022-2032

Figure 18: Global Chillers Market Share Analysis (%), By Refrigerant Type Age Group, 2022 & 2032

Figure 19: Global Chillers Market Y-o-Y Analysis (%), By Refrigerant Type Age Group, 2022-2032

Figure 20: Global Chillers Market Attractiveness Analysis By Refrigerant Type Age Group, 2022-2032

Figure 21: Global Chillers Market Share Analysis (%), By Region, 2022 & 2032

Figure 22: Global Chillers Market Y-o-Y Analysis (%), By Region, 2022-2032

Figure 23: Global Chillers Market Attractiveness Analysis, By Region, 2022-2032

Figure 24: North America Chillers Market Value Share, By Compressor Type, 2022 (E)

Figure 25: North America Chillers Market Value Share, By Heat Rejection Methods 2022 (E)

Figure 26: North America Chillers Market Value Share, By Capacity, 2022 (E)

Figure 27: North America Chillers Market Value Share, By Refrigerant Type, 2022 (E)

Figure 28: North America Chillers Market Value Share, By End User, 2022 (E)

Figure 29: North America Chillers Market Value Share, By Country, 2022 (E)

Figure 30: North America Chillers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032

Figure 31: North America Chillers Market Attractiveness Analysis By Compressor Type, 2022-2032

Figure 32: North America Chillers Market Attractiveness Analysis By Heat Rejection Method, 2022-2032

Figure 33: North America Chillers Market Attractiveness Analysis By Capacity, 2022-2032

Figure 34: North America Chillers Market Attractiveness Analysis By Refrigerant Type, 2022-2032

Figure 35: North America Chillers Market Attractiveness Analysis By End User, 2022-2032

Figure 36: North America Chillers Market Attractiveness Analysis By Country, 2022-2032

Figure 37: Europe Chillers Market Value Share, By Compressor Type, 2022 (E)

Figure 38: Europe Chillers Market Value Share, By Heat Rejection Methods 2022 (E)

Figure 39: Europe Chillers Market Value Share, By Capacity, 2022 (E)

Figure 40: Europe Chillers Market Value Share, By Refrigerant Type, 2022 (E)

Figure 41: Europe Chillers Market Value Share, By End User, 2022 (E)

Figure 42: Europe Chillers Market Value Share, By Country, 2022 (E)

Figure 43: Europe Chillers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032

Figure 44: Europe Chillers Market Attractiveness Analysis By Compressor Type, 2022-2032

Figure 45: Europe Chillers Market Attractiveness Analysis By Heat Rejection Method, 2022-2032

Figure 46: Europe Chillers Market Attractiveness Analysis By Capacity, 2022-2032

Figure 47: Europe Chillers Market Attractiveness Analysis By Refrigerant Type, 2022-2032

Figure 48: Europe Chillers Market Attractiveness Analysis By Capacity, 2022-2032

Figure 49: Europe Chillers Market Attractiveness Analysis By Country, 2022-2032

Figure 50: Middle East and Africa Chillers Market Value Share, By Compressor Type, 2022 (E)

Figure 51: Middle East and Africa Chillers Market Value Share, By Heat Rejection Method, 2022 (E)

Figure 52: Middle East and Africa Chillers Market Value Share, By Capacity, 2022 (E)

Figure 53: Middle East and Africa Chillers Market Value Share, By Refrigerant Type, 2022 (E)

Figure 54: Middle East and Africa Chillers Market Value Share, By End User, 2022 (E)

Figure 55: Middle East and Africa Chillers Market Value Share, By Country, 2022 (E)

Figure 56: Middle East and Africa Chillers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032

Figure 57: Middle East and Africa Chillers Market Attractiveness Analysis By Compressor Type, 2022-2032

Figure 58: Middle East and Africa Chillers Market Attractiveness Analysis By Heat Rejection Method, 2022-2032

Figure 59: Middle East and Africa Chillers Market Attractiveness Analysis By Capacity, 2022-2032

Figure 60: Middle East and Africa Chillers Market Attractiveness Analysis By Refrigerant Type, 2022-2032

Figure 61: Middle East and Africa Chillers Market Attractiveness Analysis By End User, 2022-2032

Figure 62: Middle East and Africa Chillers Market Attractiveness Analysis By Country, 2022-2032

Figure 63: Rest of the World Chillers Market Value Share, By Compressor Type, 2022 (E)

Figure 64: Rest of the World Chillers Market Value Share, By Heat Rejection Methods 2022 (E)

Figure 65: Rest of the World Chillers Market Value Share, By Capacity, 2022 (E)

Figure 66: Rest of the World Chillers Market Value Share, By Refrigerant Type, 2022 (E)

Figure 67: Rest of the World Chillers Market Value Share, By End User, 2022 (E)

Figure 68: Rest of the World Chillers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022-2032

Figure 69: Rest of the World Chillers Market Attractiveness Analysis By Compressor Type, 2022-2032

Figure 70: Rest of the World Chillers Market Attractiveness Analysis By Heat Rejection Method, 2022-2032

Figure 71: Rest of the World Chillers Market Attractiveness Analysis By Capacity, 2022-2032

Figure 72: Rest of the World  Chillers Market Attractiveness Analysis By Refrigerant Type, 2022-2032

Figure 73: Rest of the World Chillers Market Attractiveness Analysis By End User, 2022-2032

Figure 74: U.S. Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 75: U.S. Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 76: U.S. Chillers Market Value Share, By Capacity, 2020 &2030

Figure 77: U.S. Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 78: U.S. Chillers Market Value Share, By End User, 2022 & 2032

Figure 79: U.S. Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 80: Canada Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 81: Canada Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 82: Canada Chillers Market Value Share, By Capacity, 2022 & 2032 

Figure 83: Canada Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 84: Canada Chillers Market Value Share, By End User, 2022 & 2032 

Figure 85: Canada Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 86: U.K. Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 87: U.K. Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 88: U.K. Chillers Market Value Share, By Capacity, 2022 & 2032

Figure 89: U.K. Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 90: U.K. Chillers Market Value Share, By End User, 2022 & 2032

Figure 91: U.K. Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 92: Germany Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 93: Germany Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 94: Germany Chillers Market Value Share, By Capacity, 2022 & 2032

Figure 95: Germany Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 96: Germany Chillers Market Value Share, By End User, 2022 & 2032

Figure 97: Germany Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 98: France Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 99: France Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 100: France Chillers Market Value Share, By Capacity, 2022 & 2032

Figure 101: France. Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 102: France Chillers Market Value Share, By End User, 2022 & 2032

Figure 103: France Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 104: Italy Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 105: Italy Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 106: Italy Chillers Market Value Share, By Capacity, 2022 & 2032

Figure 107: Italy Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 108: Italy Chillers Market Value Share, By End User, 2022 & 2032

Figure 109: Italy Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 110: Spain Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 111: Spain Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 112: Spain Chillers Market Value Share, By Capacity, 2022 & 2032

Figure 113: Spain Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 114: Spain Chillers Market Value Share, By End User, 2022 & 2032

Figure 115: Spain Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 116: GCC Countries. Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 117: GCC Countries Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 118: GCC Countries Chillers Market Value Share, By Capacity, 2022 & 2032

Figure 119: GCC Countries Chillers Market Value Share, By Refrigerant Type, 2022 & 2032

Figure 120: GCC Countries Chillers Market Value Share, By End User, 2022 & 2032

Figure 121: GCC Countries  Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Figure 122: South Africa Chillers Market Value Share, By Compressor Type, 2022 & 2032

Figure 123: South Africa Chillers Market Value Share, By Heat Rejection Method, 2022 & 2032

Figure 124: South Africa Chillers Market Value Share, By Capacity, 2022 & 2032

Figure 125: South Africa Chillers Market Value Share, By Refrigerant Type Age Group, 2022 & 2032

Figure 126: South Africa  Chillers Market Value Share, By End User, 2022 & 2032

Figure 127: South Africa  Chillers Market Value Analysis (US$ Mn), 2022 & 2032

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What size will the global chillers market reach by 2032?

The global chillers market is set to reach US$ 5.5 billion by 2032.

At what CAGR is the chillers market predicted to expand?

From 2022 to 2032, sales of chillers are set to increase at 2.8% CAGR.

What is the China chillers market value?

The China chillers market has reached US$ 719.7 million.

Which region leads the global chillers market?

North America is leading the chillers market with 26.7% share.

Chillers Market

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