India Chillers Market Size & Outlook, 2023-2030
India chillers market, 2018-2030 (US$M)
Related Markets
India chillers market highlights
- The India chillers market generated a revenue of USD 901.3 million in 2023 and is expected to reach USD 1,284.4 million by 2030.
- The India market is expected to grow at a CAGR of 5.2% 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 901.3 million |
| Market revenue in 2030 | USD 1,284.4 million |
| Growth rate | 5.2% (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, India accounted for 9.1% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 61.63% in 2023. Horizon Databook has segmented the India chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The commercial building construction has been witnessing significant growth in India, owing to the factors such as rapid urbanization, rising demand for open space for offices, and investment made by the government to improve the public offices.
For example, in September 2023, the construction work for one of the new Central Common Secretariat (CCS) is likely to start by Central Public Works Department (CPWD) under the Central Vista redevelopment plan. This Central Vista Plan is likely to cost USD 24 billion to construct new administrative offices for various ministries.
In addition to that, the rising influx of foreign direct investment in new business prospects such as data centers is further contributing to the growth in construction of commercial spaces. Chillers remove heat from a fluid via a refrigeration cycle and supplies cold air to the building HVAC system. The cold air supply is required to control humidity & temperature.
Reasons to subscribe to India chillers market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India chillers market databook
-
Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India chillers market , including forecasts for subscribers. This country databook contains high-level insights into India chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India chillers market size, by by product, 2018-2030 (US$M)
India Chillers Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
