Mexico Chillers Market Size & Outlook, 2023-2030
Mexico chillers market, 2018-2030 (US$M)
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Mexico chillers market highlights
- The Mexico chillers market generated a revenue of USD 122.3 million in 2023 and is expected to reach USD 176.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.3% 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 122.3 million |
| Market revenue in 2030 | USD 176.0 million |
| Growth rate | 5.3% (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, Mexico accounted for 1.2% of the global chillers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. chillers market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 176.0 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 61% in 2023. Horizon Databook has segmented the Mexico chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico chillers market size, by by product, 2018-2030 (US$M)
Mexico Chillers Market Outlook Share, 2023 & 2030 (US$M)
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