U.S. Chillers Market Size & Outlook, 2023-2030
U.S. chillers market, 2018-2030 (US$M)
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U.S. chillers market highlights
- The U.S. chillers market generated a revenue of USD 1,279.7 million in 2023 and is expected to reach USD 1,768.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.7% 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 1,279.7 million |
| Market revenue in 2030 | USD 1,768.7 million |
| Growth rate | 4.7% (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, U.S. accounted for 12.9% 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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U.S. 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 61.78% in 2023. Horizon Databook has segmented the U.S. chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Department of Agriculture (USDA), growing population, rising consumer disposable income, and ongoing urbanization are expected to augment the growth of commercial and residential sector in the country in the coming years.
The demand for chillers in the U.S. residential sector is driven by a combination of factors, including the need for efficient and reliable air conditioning systems. With a focus on energy efficiency, homeowners are increasingly adopting chillers equipped with advanced technologies and smart controls to ensure precise temperature regulation while minimizing environmental impact.
In the commercial sector, the demand for chillers remains robust, particularly in industries such as hospitality, healthcare, and data centers. Moreover, chillers play a pivotal role in maintaining optimal temperatures for occupant comfort, equipment reliability, and critical processes.
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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 U.S. chillers market , including forecasts for subscribers. This country databook contains high-level insights into U.S. chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. chillers market size, by by product, 2018-2030 (US$M)
U.S. Chillers Market Outlook Share, 2023 & 2030 (US$M)
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