Brazil Chillers Market Size & Outlook, 2023-2030
Brazil chillers market, 2018-2030 (US$M)
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Brazil chillers market highlights
- The Brazil chillers market generated a revenue of USD 145.4 million in 2023 and is expected to reach USD 195.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.3% 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.
Chillers market data book summary
| Market revenue in 2023 | USD 145.4 million |
| Market revenue in 2030 | USD 195.7 million |
| Growth rate | 4.3% (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, Brazil accounted for 1.5% 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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Brazil 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 63.89% in 2023. Horizon Databook has segmented the Brazil chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
According to the report published by Brazilian Farmers in June 2023, Brazilian agricultural exports reach USD 16.6 billion in May 2023. It is a 10% increase when compared to the same period in 2022. In addition to that, the other notable exports include food products such as sugarcane, fresh beef, and fresh chicken meat.
The chillers are used to increase the shelf life of perishable food items. With the growth in Agri export, the demand for chillers is anticipated grow in coming years. Moreover, according to a report published by International Trade Administration in December 2023, Brazil has one of the largest healthcare markets in Central & South America, spending approximately 9.47% of its GDP toward the healthcare sector, which amounts to USD 161 billion.
In healthcare facilities chillers are used to maintain humidity and of the air and supply cold air. Hence, with the rising expenditure to revamp the healthcare sector, the demand for chillers is likely to increase over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil chillers market , including forecasts for subscribers. This country databook contains high-level insights into Brazil chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil chillers market size, by by product, 2018-2030 (US$M)
Brazil Chillers Market Outlook Share, 2023 & 2030 (US$M)
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