Australia Chillers Market Size & Outlook, 2023-2030
Australia chillers market, 2018-2030 (US$M)
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Australia chillers market highlights
- The Australia chillers market generated a revenue of USD 79.6 million in 2023 and is expected to reach USD 95.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 2.6% 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 79.6 million |
| Market revenue in 2030 | USD 95.0 million |
| Growth rate | 2.6% (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, Australia accounted for 0.8% of the global chillers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China chillers market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,672.8 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 64.45% in 2023. Horizon Databook has segmented the Australia chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Australian agriculture industry has been playing significant contribution to the country’s GDP by exporting food items, beverages, dairy products, and other agricultural produce. According to the data published by Australian Bureau of Statistics in September 2023, the production of beef has been growing significantly from September 2021.
The total beef produced in tons has reached 567.6 tons from 478.0 tons. The chillers are used in the food industry to froze the meat produced, thereby improves its shelf life. Hence, with the growth in the food & agricultural industry, the demand for chillers is likely to increase over the forecast period.
Furthermore, the hospital and healthcare construction facilities in Australia observes positive growth. For example, the Queen Elizabeth Hospital Redevelopment Plan with an estimated investment of USD 221 Million. The construction of the project is anticipated to be complete in 2024.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia chillers market , including forecasts for subscribers. This country databook contains high-level insights into Australia chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia chillers market size, by by product, 2018-2030 (US$M)
Australia Chillers Market Outlook Share, 2023 & 2030 (US$M)
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