Latin America Chillers Market Size & Outlook, 2023-2030
Latin America chillers market, 2018-2030 (US$M)
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Latin America chillers market highlights
- The Latin America chillers market generated a revenue of USD 444.1 million in 2023.
- The 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 444.1 million |
| Market revenue in 2030 | USD 594.8 million |
| Growth rate | 4.3% (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, Latin America region accounted for 4.5% 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 |
|---|
Latin America 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 60.23% in 2023. Horizon Databook has segmented the Latin America chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Central & Suth America have a growing agriculture and food processing industry. Central & south America produces different types of agricultural products including vegetable grains, seafood, meat, and livestock.
The region exports a significant quantity of processed and packaged food items across the globe. In addition to that, due to the excellent weather circumstances, lemon production would increase by 26.4 percent to 172,000 MT (metric tons) in Chile. Exports of lemons will rise by 33.9 percent to 75,000 MT as a result of increased production and lower freight expenses.
Further, countries such as Chile and Brazil are the major producers of fruit juices, soft drinks and export them in packaged format in international market. The export of perishable food items such as fruits & vegetables as well as processed food items requires cold storage and supply chain, to improve their shelf life.
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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 continent-level data and insights on the Latin America chillers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America chillers market size, by country, 2018-2030 (US$M)
Latin America Chillers Market Outlook Share, 2023 & 2030 (US$M)
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