Argentina Chillers Market Size & Outlook, 2023-2030
Argentina chillers market, 2018-2030 (US$M)
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Argentina chillers market highlights
- The Argentina chillers market generated a revenue of USD 96.6 million in 2023 and is expected to reach USD 132.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, water-cooled was the largest revenue generating by product in 2023.
- Air-Cooled is the most lucrative by product segment registering the fastest growth during the forecast period.
Chillers market data book summary
| Market revenue in 2023 | USD 96.6 million |
| Market revenue in 2030 | USD 132.7 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-Cooled, Air-Cooled |
| Key market players worldwide | Trane Technologies PLC Class A, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Johnson Controls International PLC, Rite-Hite, Air Products & Chemicals Inc, Honeywell International Inc, ClimaCool, Fluid Chillers, General Air Products, Rite-Temp |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global chillers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil chillers market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 132.7 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina chillers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chillers market will help companies and investors design strategic landscapes.
Water-cooled was the largest segment with a revenue share of 63.77% in 2023. Horizon Databook has segmented the Argentina chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The chillers play a crucial role in the food processing industry. In indoor agriculture, chillers are used to ensure humidity and temperature control. As Argentina is one of the major exporters of meat, wheat, and soybean in the world, there is a need for cold chain to maintain the quality of grains. Chillers are used to maintain the temperature inside the cold chain containers.
The agricultural export from Argentina was increased by 8.5%, out of which, meat & dairy grew by 20.7%. Hence, with the rising agricultural exports, the demand for chillers to maintain the optimal thermal control of surroundings is anticipated to increase in the coming years.
Moreover, since 94.3% of Argentinian population resides in urban areas, there is a high demand for social infrastructure in urban sector such as accommodation, medical, and education facilities. To strengthen and develop these facilities, the government had taken a loan of USD 125 million from IDB to facilitate urbanization.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina chillers market , including forecasts for subscribers. This country databook contains high-level insights into Argentina chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina chillers market size, by by product, 2018-2030 (US$M)
Argentina Chillers Market Outlook Share, 2023 & 2030 (US$M)
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