What is the current Chiller Market size?

The Chiller Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029) Read More

Who are the key players in Chiller Market?

Carrier Global Corporation, DAIKIN INDUSTRIES LTD, Johnson Controls International, Mitsubishi Electric Corporation and Polyscience Inc. are the major companies operating in the Chiller Market. Read More

Which is the fastest growing region in Chiller Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Chiller Market?

In 2024, the Asia-Pacific accounts for the largest market share in Chiller Market. Read More

What years does this Chiller Market cover?

The report covers the Chiller Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chiller Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Chillers Market - Size, Share & Industry Analysis

Chillers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Chiller Companies and the Market is Segmented by Heat Rejection Method (Water Cooled, Air Cooled), Compressor Type (Screw Chillers, Scroll Chillers, Reciprocating Chillers, Centrifugal Chillers, Absorption Chiller), End-User Industry (Chemicals & Petrochemicals, Food & Beverage, Medical, Plastics), and Geography.

Chillers Industry Overview

The global chiller market is competitive with the presence of a few major companies like Carrier Global Corporation, Mitsubishi Electric Corporation, Polyscience Inc., etc. The companies are continuously investing in making strategic partnerships and product developments to gain substantial market share. Some of the recent developments in the market are:

February 2022 - Air-conditioning designer Fujinetsu and chiller manufacturer Meiwa, exhibited a new jointly developed prototype of a propane (R290) chiller for air-conditioning applications at the HVAC&R Japan 2022 trade show. According to the representatives of the companies, the prototype successfully completed cooling-capacity tests. The companies plan to conduct controls testing for one year and field testing for another. Their goal is to launch the product on the market in April of 2024. The unit would be available in 5 types with a cooling capacity ranging from 3.6-5.6kW (12,283.20-19,107.20BTU/h) and a heating capacity ranging from 4.0-6.3kW.
June 2021 - Johnson Controls added the Quantech QWC4 water-cooled screw chiller to its chiller portfolio. It employs R-134a refrigerant, which has no ozone-depletion potential. As per the company, the chiller utilizes variable-speed drive technology to reduce energy costs and carbon emissions compared to traditional chillers. The chiller is intended for use with heat-rejection methods like an open cooling tower, dry cooler, adiabatic cooler, heat recovery, or heat pump.