The Worldwide HVAC Chillers Industry is Projected to Reach $15 Billion by 2031 at a 4.5% CAGR -

The "HVAC Chillers Market By Operation Type, By Condenser Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to's offering.

The global HVAC chillers market size was valued at $9,512.9 million in 2021, and is projected to reach $15,039.7 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.

The HVAC chiller (cooling water circulation device) is a general term for a device that controls the temperature by circulating a liquid such as water or heat medium. HVAC chillers provide air conditioning by eliminating the unwanted heat from commercial and industrial buildings.

The demand of HVAC chillers is increasing due to various advantages such as portability and easy maintenance. HVAC chillers are used in restaurants, hotels, kitchens and dining rooms to maintain the level of temperature.

The increase in demand for district cooling systems in many industries and high-rise buildings is expected to boost the HVAC chillers market growth. District cooling is also known as centralized generation and distribution of cooling energy, which replaces traditional air-cooling systems as it is less expensive and more energy efficient.

In addition, developments in the tourism industry boosts the construction of hotels and public infrastructure where HVAC chillers can be used on a large scale. In addition, the growth of skyscrapers is expected to fuel the growth of the HVAC chillers market as these chillers are widely used in cooling and ventilation of skyscrapers.

Key Benefits

  • The report provides an extensive analysis of the current and emerging market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
  • Extensive analysis of the HVAC chillers market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The HVAC chillers market forecast analysis from 2022 to 2031 is included in the report.
  • The key players with in HVAC chillers market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the HVAC chillers market.

Key Market Segments

By Operation Type

  • Vapor Compression Chillers
  • Product type
  • Reciprocating
  • Centrifugal
  • Screw
  • Scroll
  • Vapor Absorption Chillers

By Condenser Type

  • Water Cooled
  • Air Cooled
  • Evaporative

By Application

  • Commercial
  • Industrial
  • Residential

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • France
  • UK
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Thailand
  • South Korea
  • Taiwan
  • Rest Of Asia-Pacific
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Ab Electrolux
  • Carrier Global Corporation
  • Daikin Industries Ltd.
  • Honeywell International Inc.
  • Johnson Controls International plc
  • Shuangliang Eco-Energy Co.Ltd.
  • Kaltra
  • LG Electronics Inc.
  • Mitsubishi Electric Corp.
  • Panasonic Corporation
  • PolyScience
  • Samsung Electronics Co. Ltd.
  • Siemens AG
  • SKM Air Conditioning
  • Trane Technologies Plc
  • Thermal Care Inc.

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