Industry: Machinery & Equipment
Published Date: 2025-02-25
Pages: 92 Pages
Report ld: 4227738
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HVAC Chillers Market Size(US$)

CAGR 2025-2031
3.2%
Market Size,2031
USD 9,409
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for HVAC Chillers was estimated to be worth US$ 7571 million in 2024 and is forecast to a readjusted size of US$ 9409 million by 2031 with a CAGR of 3.2% during the forecast period 2025-2031.
Heating, ventilation, and air conditioning (HVAC) chillers are equipment used to cool a building or an equipment. HVAC is an assembly of various types of equipment installed together to provide heating and cooling. It is also used in different industries to keep the machinery running by maintaining the temperature of the place where machines are installed.
One of the primary drivers for this market is the growing demand for district cooling. District cooling is replacing the traditional air cooling methods because of increased advantages like energy-saving, low environmental damage, and reduced maintenance needs. Furthermore, the increasing tourism market in nations of MEA and Asia has enhanced the construction of hotels and public infrastructure, which make extensive use of district cooling. HVAC chillers are one of the major facilities of district cooling. Also, the demand for airports, sports complexes, religious sites, and public infrastructure in the Southeast Asian countries will augment growth in the global HVAC chillers market during the forecast period.
This report aims to provide a comprehensive presentation of the global market for HVAC Chillers, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of HVAC Chillers by region & country, by Type, and by Application.
The HVAC Chillers market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVAC Chillers.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of HVAC Chillers manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of HVAC Chillers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of HVAC Chillers in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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TABLE OF CONTENTS
1 Market Overview
1.1 HVAC Chillers Product Introduction
1.2 Global HVAC Chillers Market Size Forecast
1.2.1 Global HVAC Chillers Sales Value (2020-2031)
1.2.2 Global HVAC Chillers Sales Volume (2020-2031)
1.2.3 Global HVAC Chillers Sales Price (2020-2031)
1.3 HVAC Chillers Market Trends & Drivers
1.3.1 HVAC Chillers Industry Trends
1.3.2 HVAC Chillers Market Drivers & Opportunity
1.3.3 HVAC Chillers Market Challenges
1.3.4 HVAC Chillers Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global HVAC Chillers Players Revenue Ranking (2024)
2.2 Global HVAC Chillers Revenue by Company (2020-2025)
2.3 Global HVAC Chillers Players Sales Volume Ranking (2024)
2.4 Global HVAC Chillers Sales Volume by Company Players (2020-2025)
2.5 Global HVAC Chillers Average Price by Company (2020-2025)
2.6 Key Manufacturers HVAC Chillers Manufacturing Base and Headquarters
2.7 Key Manufacturers HVAC Chillers Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of HVAC Chillers
2.9 HVAC Chillers Market Competitive Analysis
2.9.1 HVAC Chillers Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by HVAC Chillers Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVAC Chillers as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Screw Chillers
3.1.2 Scroll Chillers
3.1.3 Centrifugal Chillers
3.1.4 Others
3.2 Global HVAC Chillers Sales Value by Type
3.2.1 Global HVAC Chillers Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global HVAC Chillers Sales Value, by Type (2020-2031)
3.2.3 Global HVAC Chillers Sales Value, by Type (%) (2020-2031)
3.3 Global HVAC Chillers Sales Volume by Type
3.3.1 Global HVAC Chillers Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global HVAC Chillers Sales Volume, by Type (2020-2031)
3.3.3 Global HVAC Chillers Sales Volume, by Type (%) (2020-2031)
3.4 Global HVAC Chillers Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industrial
4.1.2 Commercial
4.2 Global HVAC Chillers Sales Value by Application
4.2.1 Global HVAC Chillers Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global HVAC Chillers Sales Value, by Application (2020-2031)
4.2.3 Global HVAC Chillers Sales Value, by Application (%) (2020-2031)
4.3 Global HVAC Chillers Sales Volume by Application
4.3.1 Global HVAC Chillers Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global HVAC Chillers Sales Volume, by Application (2020-2031)
4.3.3 Global HVAC Chillers Sales Volume, by Application (%) (2020-2031)
4.4 Global HVAC Chillers Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global HVAC Chillers Sales Value by Region
5.1.1 Global HVAC Chillers Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global HVAC Chillers Sales Value by Region (2020-2025)
5.1.3 Global HVAC Chillers Sales Value by Region (2026-2031)
5.1.4 Global HVAC Chillers Sales Value by Region (%), (2020-2031)
5.2 Global HVAC Chillers Sales Volume by Region
5.2.1 Global HVAC Chillers Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global HVAC Chillers Sales Volume by Region (2020-2025)
5.2.3 Global HVAC Chillers Sales Volume by Region (2026-2031)
5.2.4 Global HVAC Chillers Sales Volume by Region (%), (2020-2031)
5.3 Global HVAC Chillers Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America HVAC Chillers Sales Value, 2020-2031
5.4.2 North America HVAC Chillers Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe HVAC Chillers Sales Value, 2020-2031
5.5.2 Europe HVAC Chillers Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific HVAC Chillers Sales Value, 2020-2031
5.6.2 Asia Pacific HVAC Chillers Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America HVAC Chillers Sales Value, 2020-2031
5.7.2 South America HVAC Chillers Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa HVAC Chillers Sales Value, 2020-2031
5.8.2 Middle East & Africa HVAC Chillers Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions HVAC Chillers Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions HVAC Chillers Sales Value
6.2.1 Key Countries/Regions HVAC Chillers Sales Value, 2020-2031
6.2.2 Key Countries/Regions HVAC Chillers Sales Volume, 2020-2031
6.3 United States
6.3.1 United States HVAC Chillers Sales Value, 2020-2031
6.3.2 United States HVAC Chillers Sales Value by Type (%), 2024 VS 2031
6.3.3 United States HVAC Chillers Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe HVAC Chillers Sales Value, 2020-2031
6.4.2 Europe HVAC Chillers Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe HVAC Chillers Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China HVAC Chillers Sales Value, 2020-2031
6.5.2 China HVAC Chillers Sales Value by Type (%), 2024 VS 2031
6.5.3 China HVAC Chillers Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan HVAC Chillers Sales Value, 2020-2031
6.6.2 Japan HVAC Chillers Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan HVAC Chillers Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea HVAC Chillers Sales Value, 2020-2031
6.7.2 South Korea HVAC Chillers Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea HVAC Chillers Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia HVAC Chillers Sales Value, 2020-2031
6.8.2 Southeast Asia HVAC Chillers Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia HVAC Chillers Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India HVAC Chillers Sales Value, 2020-2031
6.9.2 India HVAC Chillers Sales Value by Type (%), 2024 VS 2031
6.9.3 India HVAC Chillers Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 DAIKIN INDUSTRIES
7.1.1 DAIKIN INDUSTRIES Company Information
7.1.2 DAIKIN INDUSTRIES Introduction and Business Overview
7.1.3 DAIKIN INDUSTRIES HVAC Chillers Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 DAIKIN INDUSTRIES HVAC Chillers Product Offerings
7.1.5 DAIKIN INDUSTRIES Recent Development
7.2 Ingersoll Rand (Trane)
7.2.1 Ingersoll Rand (Trane) Company Information
7.2.2 Ingersoll Rand (Trane) Introduction and Business Overview
7.2.3 Ingersoll Rand (Trane) HVAC Chillers Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Ingersoll Rand (Trane) HVAC Chillers Product Offerings
7.2.5 Ingersoll Rand (Trane) Recent Development
7.3 Johnson Controls
7.3.1 Johnson Controls Company Information
7.3.2 Johnson Controls Introduction and Business Overview
7.3.3 Johnson Controls HVAC Chillers Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Johnson Controls HVAC Chillers Product Offerings
7.3.5 Johnson Controls Recent Development
7.4 LG Electronics
7.4.1 LG Electronics Company Information
7.4.2 LG Electronics Introduction and Business Overview
7.4.3 LG Electronics HVAC Chillers Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 LG Electronics HVAC Chillers Product Offerings
7.4.5 LG Electronics Recent Development
7.5 Mitsubishi Electric
7.5.1 Mitsubishi Electric Company Information
7.5.2 Mitsubishi Electric Introduction and Business Overview
7.5.3 Mitsubishi Electric HVAC Chillers Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Mitsubishi Electric HVAC Chillers Product Offerings
7.5.5 Mitsubishi Electric Recent Development
7.6 United Technologies (Carrier)
7.6.1 United Technologies (Carrier) Company Information
7.6.2 United Technologies (Carrier) Introduction and Business Overview
7.6.3 United Technologies (Carrier) HVAC Chillers Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 United Technologies (Carrier) HVAC Chillers Product Offerings
7.6.5 United Technologies (Carrier) Recent Development
8 Industry Chain Analysis
8.1 HVAC Chillers Industrial Chain
8.2 HVAC Chillers Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 HVAC Chillers Sales Model
8.5.2 Sales Channel
8.5.3 HVAC Chillers Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global HVAC Chillers market is projected to grow from US$ 7571 million in 2024 to US$ 9409 million by 2031, at a CAGR of 3.2% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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