Mexico Chillers Market Size & Outlook, 2026-2033
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Mexico chillers market highlights
- The Mexico chillers market generated a revenue of USD 165.6 million in 2025 and is expected to reach USD 240.2 million by 2033.
- The Mexico market is expected to grow at a CAGR of 4.8% from 2026 to 2033.
- In terms of segment, water-cooled was the largest revenue generating product in 2025.
- Water-Cooled is the most lucrative product segment registering the fastest growth during the forecast period.
Chillers market data book summary
| Market revenue in 2025 | USD 165.6 million |
| Market revenue in 2033 | USD 240.2 million |
| Growth rate | 4.8% (CAGR from 2026 to 2033) |
| Largest segment | Water-cooled |
| Fastest growing segment | Water-Cooled |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| 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, Mexico accounted for 1.3% of the global chillers market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. chillers market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 240.2 million by 2033.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rite-Temp | View profile | 11-50 | Dalton, Pennsylvania, United States, North America | https://rite-temp.com |
| General Air Products | View profile | 101-250 | Exton, Pennsylvania, United States, North America | https://www.generalairproducts.com/ |
| Fluid Chillers | View profile | - | Lansing, Michigan, United States, North America | https://www.fluidchillers.com/ |
| ClimaCool | View profile | 11-50 | Oklahoma City, Oklahoma, United States, North America | http://www.climacoolcorp.com/ |
| Rite-Hite | View profile | 1001-5000 | Milwaukee, Wisconsin, United States, North America | https://www.ritehite.com |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Mexico 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 52.29% in 2025. Horizon Databook has segmented the Mexico chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
As Mexico experiences economic growth across various sectors, there is a parallel rise in construction activities, industrialization, and infrastructure development. This expansion fuels the need for efficient cooling solutions, with chillers playing a pivotal role in maintaining optimal temperatures in commercial, industrial, and residential spaces.
As industries flourish, the demand for reliable and energy-efficient chillers is on the ascent, reflecting a broader trend towards modernization and increased comfort in various applications. The chillers market in Mexico is poised to benefit from the positive correlation between economic growth and the escalating requirements for advanced cooling technologies across diverse sectors.
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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 Mexico chillers market , including forecasts for subscribers. This country databook contains high-level insights into Mexico chillers market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Mexico chillers market size, by product, 2021-2033 (US$M)
Mexico Chillers Market Outlook Share, 2025 & 2033 (US$M)
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