Indonesia Chillers Market Size & Outlook, 2023-2030
Indonesia chillers market, 2018-2030 (US$M)
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Indonesia chillers market highlights
- The Indonesia chillers market generated a revenue of USD 135.1 million in 2023 and is expected to reach USD 184.5 million by 2030.
- The Indonesia 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 135.1 million |
| Market revenue in 2030 | USD 184.5 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, Indonesia accounted for 1.4% 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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Indonesia 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 59.96% in 2023. Horizon Databook has segmented the Indonesia chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of retail and hospitality sectors in Indonesia drives the growth of the chillers market in the region. Hotels, restaurants, and entertainment venues require reliable and energy-efficient cooling solutions to create comfortable customer environments. According to the report published by Malaysian Tourism Statistics, there is a 160.4% rise in total tourist arrival in Malaysia in last year.
Chillers play a significant role in maintaining precise temperature control. It ensures optimal conditions for both customers and the efficient operation of various equipment in these establishments. In the hospitality sector, chillers are used extensively to provide dehumidified and cold air. Hence with the growth in the tourism sector, the demand for chillers is likely to grow over the forecast period.
Chillers, equipped with advanced temperature regulation capabilities, facilitate the creation of ideal room conditions, contributing to a delighted customer experience. Further, according to the report published by International Trade Administration, the total export of ICT sector has been growing for the last 3 years and remained USD 7,535 million in 2023.
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia chillers market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia chillers market size, by by product, 2018-2030 (US$M)
Indonesia Chillers Market Outlook Share, 2023 & 2030 (US$M)
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