Thailand Chillers Market Size & Outlook, 2023-2030
Thailand chillers market, 2018-2030 (US$M)
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Thailand chillers market highlights
- The Thailand chillers market generated a revenue of USD 206.6 million in 2023 and is expected to reach USD 271.6 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4% 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 206.6 million |
| Market revenue in 2030 | USD 271.6 million |
| Growth rate | 4% (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, Thailand accounted for 2.1% 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.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 60.55% in 2023. Horizon Databook has segmented the Thailand chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand has been experiencing a robust economic expansion driven by increased industrial activities, infrastructure development, and urbanization. This economic growth contributes to establishing new manufacturing facilities, commercial spaces, and residential complexes.
According to the statistics published by Council on tall buildings and urban habitat in 2022, Bangkok is the 6th tallest city in Asia and invested heavily in the construction of commercial buildings.
The report observed that construction of a total of 4 commercial spaces with a height more than 150 meters got completed in 2023. Further, the under construction building projects are expected to generate demand for cold and dehumidified air supply over the forecast period.
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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 Thailand chillers market , including forecasts for subscribers. This country databook contains high-level insights into Thailand chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand chillers market size, by by product, 2018-2030 (US$M)
Thailand Chillers Market Outlook Share, 2023 & 2030 (US$M)
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