Asia Pacific Chillers Market Size & Outlook, 2023-2030
Asia Pacific chillers market, 2018-2030 (US$M)
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Asia Pacific chillers market highlights
- The Asia Pacific chillers market generated a revenue of USD 4,521.1 million in 2023.
- The market is expected to grow at a CAGR of 5.3% 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.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,521.1 million |
| Market revenue in 2030 | USD 6,494.4 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 45.5% of the global chillers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,494.4 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 60.44% in 2023. Horizon Databook has segmented the Asia Pacific chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023 India becomes the most populous country in the world and it is expected to remain the most populous till 2050. Being the most populous country in the world, there has been a continuous increase in demand for food products. To cater for this high demand along with production, food processing & storage comes of paramount importance.
In addition to that, according to the Press Information Bureau (PIB), India’s agricultural export increased to a record high of USD 50 billion in the financial year 2021-22. It involved the highest ever exports of staples like rice, wheat, sugar, and other cereals.
Further, India also exports meat and fishery products across the globe. To effectively maintain the food quality and improve its shelf life, adequate & efficient cold supply chains are required. Chillers are used to supply cold fluids to the food storage compartments, thereby providing adequate support to the food storage chain.
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Target buyers of Asia Pacific chillers market databook
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific chillers market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific chillers market size, by country, 2018-2030 (US$M)
Asia Pacific Chillers Market Outlook Share, 2023 & 2030 (US$M)
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