U.S. Chillers Market Size, Share, Trend, Industry Analysis Report By Product (Water-Cooled, Air-Cooled), By Application, By Compressor Type

Description

List of Tables

The U.S. chillers market size is expected to reach USD 4.69 billion by 2034, according to a new study by Polaris Market Research. The report "U.S. Chillers Market Size, Share, Trend, Industry Analysis Report By Product (Water-Cooled, Air-Cooled), By Application, By Compressor Type - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The U.S. chillers market centers on the development and deployment of cooling systems designed to regulate temperature across industrial, commercial, and institutional applications. Chillers play a vital role in managing indoor climate and process cooling, making them critical for energy-intensive sectors such as healthcare, manufacturing, data centers, and hospitality. Increasing demand for energy-efficient HVAC solutions is driving the shift toward advanced chiller technologies that support long-term cost savings and sustainability targets. Government incentives, including tax credits and rebates, are encouraging the replacement of outdated systems with high-performance units, particularly in retrofitting projects. The surge in digital infrastructure, especially data center, is creating new demand for high-capacity and scalable cooling systems. Industry trends show a transition toward smart chillers integrated with IoT-enabled controls and predictive maintenance capabilities. Manufacturers are responding with compact, modular designs that allow for greater customization and ease of installation.

Environmental compliance is influencing product development, leading to the adoption of low-GWP refrigerants and quieter, energy-optimized components. Opportunities are emerging in sectors prioritizing operational resilience and environmental certification, where chillers play a strategic role in meeting green building standards. The convergence of digital controls, sustainable engineering, and flexible system architectures is reshaping the market, enabling suppliers to deliver tailored cooling solutions aligned with evolving end-user requirements. Product innovation, lifecycle performance, and aftermarket service capabilities are becoming key differentiators as stakeholders' focus on reducing the total cost of ownership while ensuring uninterrupted performance in mission-critical environments. The market continues to evolve through a blend of technological refinement and strategic collaboration.

U.S. Chillers Market Report Highlights

By application, the commercial segment accounted for the largest revenue share in 2024, supported by robust chiller installations across offices, shopping centers, hospitals, and educational institutions.

Based on compressor type, the screw chillers segment held the largest revenue share in 2024 due to their high efficiency, part-load performance, and reliability in handling medium to large cooling loads.

A few U.S. key players include Carrier; ClimaCool Corp.; Cold Shot Chillers; Daikin Industries, Ltd.; Drake Refrigeration, Inc; Fluid Chillers, Inc.; FRIGEL FIRENZE S.p.A.; General Air Products; Honeywell International, Inc.; Johnson Controls; Midea; Multistack International Limited; Rite-Temp; Tandem Chillers; and Trane.

Polaris Market Research has segmented the U.S. chillers market on the basis of product, application, and compressor type:

By Product Outlook (Revenue, USD Billion, 2020-2034)

Water-Cooled

<50kW

51-100kW

101-500kW

501-1000kW

1001-1500kW

>1501kW

Air-Cooled

<50kW

51-100kW

101-500kW

501-1000kW

1001-1500kW

>1501kW

By Application Outlook (Revenue, USD Billion, 2020-2034)

Commercial

Corporate Offices

Data Centers

Public Buildings

Mercantile & Service

Healthcare

Others

Industrial

Chemicals & Pharmaceuticals

Food & Beverage

Metal Manufacturing & Machining

Medical & Pharmaceutical

Plastics

Others

Residential

By Compressor Type Outlook (Revenue, USD Billion, 2020-2034)

Screw Chillers

Centrifugal Chillers

Absorption Chillers

Scroll Chillers

Reciprocating Chillers

Product Code: PM6261

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. U.S. Chillers Market Insights

4.1. Chillers Market - Market Snapshot
4.2. Chillers Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Urbanization and Smart City Development
  - 4.2.1.2. Surging Demand from Data Centers
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Costs of Advanced Technologies
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Chillers Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. U.S. Chillers Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. U.S. Chillers Market, by Product, 2020-2034 (USD billion)
5.3. Water-Cooled
- 5.3.1. U.S. Chillers Market, by Water-Cooled, by Region, 2020-2034 (USD billion)
- 5.3.2. <50kW
  - 5.3.2.1. U.S. Chillers Market, by <50kW, by Region, 2020-2034 (USD billion)
- 5.3.3. 51-100kW
  - 5.3.3.1. U.S. Chillers Market, by 51-100kW, by Region, 2020-2034 (USD billion)
- 5.3.4. 101-500kW
  - 5.3.4.1. U.S. Chillers Market, by 101-500kW, by Region, 2020-2034 (USD billion)
- 5.3.5. 501-1000kW
  - 5.3.5.1. U.S. Chillers Market, by 501-1000kW, by Region, 2020-2034 (USD billion)
- 5.3.6. 1001-1500kW
  - 5.3.6.1. U.S. Chillers Market, by 1001-1500kW, by Region, 2020-2034 (USD billion)
- 5.3.7. >1501kW
  - 5.3.7.1. U.S. Chillers Market, by >1501kW, by Region, 2020-2034 (USD billion)
5.4. Air-Cooled
- 5.4.1. U.S. Chillers Market, by Air-Cooled, by Region, 2020-2034 (USD billion)
- 5.4.2. 50kW
  - 5.4.2.1. U.S. Chillers Market, by <50kW, by Region, 2020-2034 (USD billion)
- 5.4.3. 51-100kW
  - 5.4.3.1. U.S. Chillers Market, by 51-100kW, by Region, 2020-2034 (USD billion)
- 5.4.4. 101-500kW
  - 5.4.4.1. U.S. Chillers Market, by 101-500kW, by Region, 2020-2034 (USD billion)
- 5.4.5. 501-1000kW
  - 5.4.5.1. U.S. Chillers Market, by 501-1000kW, by Region, 2020-2034 (USD billion)
- 5.4.6. 1001-1500kW
  - 5.4.6.1. U.S. Chillers Market, by 1001-1500kW, by Region, 2020-2034 (USD billion)
  - 5.4.6.2. >1501kW

6. U.S. Chillers Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. U.S. Chillers Market, by Application, 2020-2034 (USD billion)
6.3. Commercial
- 6.3.1. U.S. Chillers Market, by Commercial, by Region, 2020-2034 (USD billion)
- 6.3.2. Corporate Offices
  - 6.3.2.1. U.S. Chillers Market, by Corporate Offices, by Region, 2020-2034 (USD billion)
- 6.3.3. Data Centers
  - 6.3.3.1. U.S. Chillers Market, by Data Centers, by Region, 2020-2034 (USD billion)
- 6.3.4. Public Buildings
  - 6.3.4.1. U.S. Chillers Market, by Public Buildings, by Region, 2020-2034 (USD billion)
- 6.3.5. Mercantile & Service
  - 6.3.5.1. U.S. Chillers Market, by Mercantile & Service, by Region, 2020-2034 (USD billion)
- 6.3.6. Healthcare
  - 6.3.6.1. U.S. Chillers Market, by Healthcare, by Region, 2020-2034 (USD billion)
- 6.3.7. Others
  - 6.3.7.1. U.S. Chillers Market, by Others, by Region, 2020-2034 (USD billion)
6.4. Industrial
- 6.4.1. U.S. Chillers Market, by Industrial, by Region, 2020-2034 (USD billion)
- 6.4.2. Chemicals & Pharmaceuticals
  - 6.4.2.1. U.S. Chillers Market, by Chemicals & Pharmaceuticals, by Region, 2020-2034 (USD billion)
- 6.4.3. Food & Beverage
  - 6.4.3.1. U.S. Chillers Market, by Food & Beverage, by Region, 2020-2034 (USD billion)
- 6.4.4. Metal Manufacturing & Machining
  - 6.4.4.1. U.S. Chillers Market, by Metal Manufacturing & Machining, by Region, 2020-2034 (USD billion)
- 6.4.5. Medical & Pharmaceutical
  - 6.4.5.1. U.S. Chillers Market, By Medical & Pharmaceutical, by Region, 2020-2034 (USD billion)
- 6.4.6. Plastics
  - 6.4.6.1. U.S. Chillers Market, by Plastics, by Region, 2020-2034 (USD billion)
- 6.4.7. Other
  - 6.4.7.1. U.S. Chillers Market, by Other, by Region, 2020-2034 (USD billion)
6.5. Residential
- 6.5.1. U.S. Chillers Market, by Residential, by Region, 2020-2034 (USD billion)

7. U.S. Chillers Market, by Compressor Type

7.1. Key Findings
7.2. Introduction
- 7.2.1. U.S. Chillers Market, by Compressor Type, 2020-2034 (USD billion)
7.3. Screw Chillers
- 7.3.1. U.S. Chillers Market, by Screw Chillers, by Region, 2020-2034 (USD billion)
7.4. Centrifugal Chillers
- 7.4.1. U.S. Chillers Market, by Centrifugal Chillers, by Region, 2020-2034 (USD billion)
7.5. Absorption Chillers
- 7.5.1. U.S. Chillers Market, by Absorption Chillers, by Region, 2020-2034 (USD billion)
7.6. Scroll Chillers
- 7.6.1. U.S. Chillers Market, by Scroll Chillers, by Region, 2020-2034 (USD billion)
7.7. Reciprocating Chillers
- 7.7.1. U.S. Chillers Market, by Reciprocating Chillers, by Region, 2020-2034 (USD billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Carrier
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. ClimaCool Corp.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Cold Shot Chillers
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Daikin Industries, Ltd.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Drake Refrigeration, Inc.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Fluid Chillers, Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. FRIGEL FIRENZE S.p.A.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. General Air Products
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Honeywell International, Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Johnson Controls
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Midea
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Multistack International Limited
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
9.13. Rite-Temp
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
9.14. Tandem Chillers
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
9.15. Trane
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development