Chiller Market Report: Trends, Forecast and Competitive Analysis to 2030

Chiller Trends and Forecast

The future of the global chiller market looks promising with opportunities in the plastic, food & beverage, medical & pharmaceutical, chemical & petrochemical, rubber, printing, laser cutting, and alternative energy markets. The global chiller market is expected to reach an estimated $8.9 billion by 2030 with a CAGR of 3.9% from 2024 to 2030. The major drivers for this market are increasing demand in process cooling in industrial application and expanding demand for absorption chiller.

A more than 150-page report is developed to help in your business decisions.

Chiller by Segment

The study includes a forecast for the global chiller by type, end use industry, and region.

Chiller Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Scroll
• Screw
• Centrifugal
• Reciprocating
• Absorption

Chiller Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Plastics
• Food & Beverage
• Medical & Pharmaceuticals
• Chemicals & Petrochemicals
• Rubber
• Printing
• Laser Cutting
• Alternative Energy
• Others

Chiller Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Chiller Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies chiller companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the chiller companies profiled in this report include-

• Daikin Industries
• Carrier
• Trane Technology
• Johnson Controls
• Mitsubishi Electric

Chiller Market Insights

Lucintel forecasts that screw is expected to witness the highest growth over the forecast period.

Within this market, chemical & petrochemical is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global Chiller Market

Market Size Estimates: Chiller market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Chiller market size by type, end use industry, and region in terms of value ($B).

Regional Analysis: Chiller market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end use industries, and regions for the chiller market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the chiller market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the chiller market size?

Answer: The global chiller market is expected to reach an estimated $8.9 billion by 2030.

Q2. What is the growth forecast for chiller market?

Answer: The global chiller market is expected to grow with a CAGR of 3.9% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the chiller market?

Answer: The major drivers for this market are increasing demand in process cooling in industrial application and expanding demand for absorption chiller.

Q4. What are the major segments for chiller market?

Answer: The future of the chiller market looks promising with opportunities in the plastic, food & beverage, medical & pharmaceutical, chemical & petrochemical, rubber, printing, laser cutting, and alternative energy markets.

Q5. Who are the key chiller market companies?

Answer: Some of the key chiller companies are as follows:

• Daikin Industries
• Carrier
• Trane Technology
• Johnson Controls
• Mitsubishi Electric

Q6. Which chiller market segment will be the largest in future?

Answer: Lucintel forecasts that screw is expected to witness the highest growth over the forecast period.

Q7. In chiller market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the chiller market by type (scroll, screw, centrifugal, reciprocating, and absorption), end use industry (plastics, food & beverage, medical & pharmaceuticals, chemicals & petrochemicals, rubber, printing, laser cutting, alternative energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?