Recirculating Chillers Global Market Report 2026

Recirculating chillers are closed-loop cooling systems that continuously circulate a liquid coolant to remove heat from equipment, machinery, or laboratory processes. Their primary purpose is to maintain precise temperature control, ensuring optimal performance, reliability, and longevity of the cooled systems. They also provide consistent thermal management, enhance operational efficiency, support sensitive industrial and laboratory applications, and promote energy-efficient and stable cooling solutions.

The key types of recirculating chillers are air-cooled and water-cooled. Air-cooled recirculating chillers are systems that transfer heat from the process fluid to the surrounding air using condenser fans, eliminating the need for external water sources. The technologies used include IoT-enabled chillers, energy-efficient chillers, and eco-friendly refrigerant chillers. These chillers are distributed through direct sales, distributors, and online retail channels. They are applied in various areas such as laboratory equipment cooling, semiconductor manufacturing, medical imaging systems, and industrial processes, serving end-users including healthcare, industrial, research and academic institutions, and electronics sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the recirculating chillers market by raising the cost of imported compressors, heat exchangers, electronic control units, and refrigerants. Healthcare, semiconductor, and industrial users in Asia-Pacific and North America are most affected due to reliance on globally sourced precision components. These tariffs are increasing capital expenditure for cooling systems and delaying equipment upgrades. However, they are also prompting manufacturers to localize assembly operations, redesign systems for component flexibility, and invest in energy-efficient chillers that reduce long-term operational costs.

The recirculating chillers market research report is one of a series of new reports from The Business Research Company that provides recirculating chillers market statistics, including recirculating chillers industry global market size, regional shares, competitors with a recirculating chillers market share, detailed recirculating chillers market segments, market trends and opportunities, and any further data you may need to thrive in the recirculating chillers industry. This recirculating chillers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The recirculating chillers market size has grown rapidly in recent years. It will grow from $1.83 billion in 2025 to $2.03 billion in 2026 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to expansion of laboratory and research infrastructure, growth in semiconductor manufacturing, rising demand for medical imaging systems, increasing industrial automation, availability of compact cooling systems.

The recirculating chillers market size is expected to see rapid growth in the next few years. It will grow to $3.05 billion in 2030 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing demand for sustainable cooling technologies, expansion of advanced electronics manufacturing, rising investments in healthcare infrastructure, growing adoption of smart factory solutions, focus on low-energy cooling systems. Major trends in the forecast period include increasing adoption of precision temperature control systems, rising integration of iot-enabled chillers, growing demand for energy-efficient cooling solutions, expansion of modular and portable chiller designs, enhanced focus on equipment reliability.

The rising adoption of medical imaging equipment is expected to drive the growth of the recirculating chillers market. Medical imaging equipment includes devices such as MRI machines, CT scanners, and PET scanners used to visualize internal structures and functions of the body for diagnostic purposes. The increase in adoption is driven by growing demand for accurate and timely diagnostics, expansion of healthcare infrastructure, and advancements in imaging technologies that require precise temperature control for optimal performance. Recirculating chillers support medical imaging equipment by providing consistent cooling and temperature regulation, ensuring reliable operation and extending the lifespan of sensitive components. For instance, in November 2023, according to Vizient Inc., a US-based healthcare performance improvement company, over the next ten years, standard outpatient imaging volumes are expected to rise by approximately 10%, while advanced imaging procedures are projected to grow by nearly 14%. Therefore, the rising adoption of medical imaging equipment is propelling the growth of the recirculating chillers market.

Key companies operating in the recirculating chillers market are focusing on developing compact thermoelectric recirculating chillers to provide precise and efficient temperature control in advanced imaging and sensing applications. A compact thermoelectric recirculating chiller is a closed-loop cooling system that uses thermoelectric modules to regulate fluid temperature with high accuracy while maintaining a small physical footprint, making it suitable for sensitive optical, laboratory, and electronic devices. For instance, in August 2025, Tark Thermal Solutions, a China-based provider of advanced thermal management technologies, launched the Nextreme NRC400. The product delivers highly stable cooling performance with compact dimensions, enabling precise thermal regulation in camera-based and imaging systems. Its design emphasizes improved energy efficiency, operational reliability, and suitability for high-performance laboratory and sensing environments.

In July 2025, Scientific Digital Imaging (SDI) Group, a UK-based provider of scientific and technology products, acquired Applied Thermal Control Limited (ATC) for an undisclosed amount. With this acquisition, SDI aims to strengthen its thermal management capabilities and expand its portfolio through complementary technologies, enhancing its presence in the precision cooling solutions market. Applied Thermal Control Limited is a UK-based manufacturer of precision recirculating chillers and heat exchangers used in scientific instrumentation and process control applications worldwide.

Major companies operating in the recirculating chillers market are Thermo Fisher Scientific Inc., SMC Corporation, VWR International LLC, Glen Dimplex Group Plc, Boyd Group, BUCHI Labortechnik GmbH, Cole-Parmer Instrument Company LLC, Peter Huber Kaltemaschinenbau SE, Polysciences Inc., ICS Cool Energy Limited, Dimplex Thermal Solutions Inc., JULABO GmbH, Ecochillers Inc., Grant Instruments Cambridge Ltd., Auwii Instrument Co. Ltd., LabTech Inc., Lauda Dr. R. Wobser GmbH & Co. KG, Orion Machinery Inc., Teyu Electromechanical, FRYKA-Kaltetechnik GmbH.

North America was the largest region in the recirculating chillers market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the recirculating chillers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the recirculating chillers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The recirculating chillers market consists of sales of high-capacity chillers, cryogenic chillers, process chillers, rack-mounted chillers, and industrial floor-mounted chillers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Recirculating Chillers Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses recirculating chillers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for recirculating chillers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The recirculating chillers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Air-Cooled; Water-Cooled
• 2) By Technology: IoT-Enabled Chillers; Energy-Efficient Chillers; Eco-Friendly Refrigerant Chillers
• 3) By Distribution Channel: Direct Sales; Distributors; Online Retail
• 4) By Application: Laboratory Equipment Cooling; Semiconductor Manufacturing; Medical Imaging Systems; Industrial Processes
• 5) By End User: Healthcare; Industrial; Research And Academic Institutions; Electronics
• Subsegments:
• 1) By Air-Cooled: Single Compressor Units; Dual Compressor Units; Portable Air-Cooled Chillers; Rack-Mounted Air-Cooled Chillers
• 2) By Water-Cooled: Closed-Loop Water-Cooled Chillers; Open-Loop Water-Cooled Chillers; Modular Water-Cooled Chillers; High-Capacity Water-Cooled Chillers
• Companies Mentioned: Thermo Fisher Scientific Inc.; SMC Corporation; VWR International LLC; Glen Dimplex Group Plc; Boyd Group; BUCHI Labortechnik GmbH; Cole-Parmer Instrument Company LLC; Peter Huber Kaltemaschinenbau SE; Polysciences Inc.; ICS Cool Energy Limited; Dimplex Thermal Solutions Inc.; JULABO GmbH; Ecochillers Inc.; Grant Instruments Cambridge Ltd.; Auwii Instrument Co. Ltd.; LabTech Inc.; Lauda Dr. R. Wobser GmbH & Co. KG; Orion Machinery Inc.; Teyu Electromechanical; FRYKA-Kaltetechnik GmbH.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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