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    US Chillers Market

    ID: MRFR/IA - E/16571-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Chillers Market

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    US Chillers Market Infographic
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    US Chillers Market Summary

    As per MRFR analysis, the US chillers market Size was estimated at 1902.8 $ Million in 2024. The US chillers market is projected to grow from 1988.8 $ Million in 2025 to 3094.54 $ Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.52% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The US chillers market is experiencing a transformative shift towards energy efficiency and smart technology integration.

    • The market is witnessing a notable shift towards energy efficiency, driven by rising environmental regulations.
    • Integration of smart technologies is becoming increasingly prevalent, enhancing operational efficiency in chillers.
    • The construction sector emerges as the largest segment, while the data center segment is recognized as the fastest-growing.
    • Key market drivers include technological advancements in chiller design and an increased focus on HVAC systems.

    Market Size & Forecast

    2024 Market Size 1902.8 (USD Million)
    2035 Market Size 3094.54 (USD Million)

    Major Players

    Carrier (US), Trane Technologies (IE), Daikin Industries (JP), Johnson Controls (US), Mitsubishi Electric (JP), Lennox International (US), York (US), Gree Electric Appliances (CN), Hitachi (JP)

    US Chillers Market Trends

    The chillers market in the United States is currently experiencing a notable transformation, driven by advancements in technology and increasing demand for energy-efficient solutions. As industries strive to reduce their carbon footprint, the adoption of innovative chiller systems that utilize environmentally friendly refrigerants is becoming more prevalent. This shift not only aligns with regulatory requirements but also addresses the growing consumer preference for sustainable practices. Furthermore, the integration of smart technologies into chiller systems is enhancing operational efficiency, allowing for real-time monitoring and optimization of energy consumption. In addition to technological advancements, the chillers market is influenced by the expanding construction sector, particularly in commercial and industrial applications. The rising need for climate control in new buildings is propelling the demand for advanced chiller systems. Moreover, the trend towards retrofitting existing facilities with modern chillers is gaining traction, as businesses seek to upgrade their infrastructure to meet contemporary energy standards. Overall, the current landscape suggests a robust growth trajectory for the chillers market, characterized by innovation and a commitment to sustainability.

    Shift Towards Energy Efficiency

    The chillers market is witnessing a significant shift towards energy-efficient systems. This trend is largely driven by regulatory pressures and the need for businesses to lower operational costs. Energy-efficient chillers not only reduce energy consumption but also contribute to lower greenhouse gas emissions, aligning with environmental goals.

    Integration of Smart Technologies

    The incorporation of smart technologies into chillers is becoming increasingly prevalent. These systems allow for enhanced monitoring and control, enabling users to optimize performance and reduce energy usage. The ability to analyze data in real-time is likely to improve maintenance practices and extend the lifespan of equipment.

    Growing Demand in Construction Sector

    The construction sector is a key driver of growth in the chillers market. As new buildings emerge, the need for effective climate control systems becomes paramount. Additionally, retrofitting older buildings with modern chillers is gaining popularity, as it helps meet current energy efficiency standards.

    US Chillers Market Drivers

    Expansion of Data Centers

    The expansion of data centers in the US is driving demand in the chillers market. As the digital economy grows, the need for efficient cooling solutions in data centers becomes paramount. These facilities require robust cooling systems to maintain optimal operating temperatures for servers and equipment. The chillers market is expected to benefit from this trend, with projections indicating that the data center cooling segment could account for a substantial share of the overall market. This growth is further supported by the increasing reliance on cloud computing and big data analytics, which necessitate advanced cooling technologies to ensure reliability and efficiency.

    Increased Focus on HVAC Systems

    The chillers market is witnessing a surge in demand due to the increased focus on HVAC systems across various sectors in the US. As commercial and industrial facilities prioritize climate control and energy efficiency, the need for high-performance chillers becomes critical. This trend is particularly evident in the construction of new buildings, where energy-efficient HVAC systems are often mandated by building codes. The market is likely to see a rise in the adoption of chillers that integrate seamlessly with modern HVAC solutions, potentially leading to a market growth rate of approximately 6% over the next few years. This focus on HVAC systems is expected to drive innovation and competition within the chillers market.

    Rising Environmental Regulations

    The chillers market is experiencing a notable influence from increasing environmental regulations in the US. These regulations aim to reduce greenhouse gas emissions and promote energy efficiency. As a result, manufacturers are compelled to innovate and develop chillers that comply with stringent standards. The market is projected to grow as companies invest in eco-friendly technologies, with an expected increase in demand for low-GWP refrigerants. This shift not only aligns with regulatory requirements but also enhances the competitive edge of businesses in the chillers market. Furthermore, the US government has introduced incentives for adopting energy-efficient systems, which could further stimulate market growth.

    Growing Awareness of Energy Costs

    Growing awareness of energy costs among consumers and businesses is significantly impacting the chillers market. As energy prices fluctuate, organizations are increasingly seeking ways to reduce operational expenses, leading to a heightened interest in energy-efficient chillers. This trend is particularly pronounced in sectors such as manufacturing and commercial real estate, where cooling costs can represent a substantial portion of total energy expenditures. The chillers market is likely to benefit from this shift, as companies invest in more efficient systems that promise long-term savings. Market analysts suggest that this awareness could drive a transition towards more sustainable cooling solutions, potentially increasing the market share of energy-efficient chillers.

    Technological Advancements in Chiller Design

    Technological advancements are significantly shaping the chillers market in the US. Innovations in chiller design, such as the development of variable speed drives and advanced control systems, are enhancing operational efficiency. These technologies allow for better load management and energy consumption optimization, which is crucial in a market that increasingly prioritizes sustainability. The integration of IoT and AI in chiller systems is also gaining traction, enabling predictive maintenance and real-time monitoring. As a result, the market is likely to see a surge in demand for these advanced chillers, with estimates suggesting a potential growth rate of around 8% annually over the next few years.

    Market Segment Insights

    By Type: Scroll Chiller (Largest) vs. Screw Chiller (Fastest-Growing)

    The US chillers market is characterized by a competitive array of types, primarily including Screw Chiller, Scroll Chiller, Centrifugal Chiller, and Others. Among these, the Scroll Chiller dominates with a significant market share, followed closely by the Screw Chiller, which is rapidly gaining traction due to its efficiency and versatility. Meanwhile, the Centrifugal Chiller and Others segment serve niche markets, reflecting varied applications across different industries. Growth trends within this segment reveal strong demand for energy-efficient solutions as industries increasingly prioritize sustainability. The Screw Chiller, recognized for its reliability and energy savings, is becoming the preferred choice among users, while the Scroll Chiller continues to hold the largest market share owing to its broad applicability. Innovations in technology and a shift towards low-GWP refrigerants are further driving growth in this dynamic segment.

    Scroll Chiller (Dominant) vs. Screw Chiller (Emerging)

    The Scroll Chiller segment is marked by its dominant position in the market, driven by its compact design and high reliability, making it suitable for varied commercial applications. It efficiently addresses cooling needs with low maintenance requirements, resulting in long-term cost savings for users. In contrast, the Screw Chiller, while emerging, is known for its capacity to handle higher load demands and better efficiency, particularly in larger installations. As more businesses strive for energy efficiency, the Screw Chiller is rapidly becoming a go-to option, thanks to advancements that enhance its operational efficiency and minimize energy consumption, thereby positioning itself as a serious contender in the market.

    By Product Type: Air Cooled Chiller (Largest) vs. Water-Cooled Chiller (Fastest-Growing)

    In the US chillers market, the Air Cooled Chiller segment holds the largest market share, significantly outperforming its counterpart, the Water-Cooled Chiller. The preference for Air Cooled Chillers is driven by their ease of installation and lower maintenance costs. On the other hand, Water-Cooled Chillers are gaining traction due to their energy efficiency and superior cooling capabilities. Growth trends indicate a robust expansion in the Water-Cooled Chiller segment, primarily fueled by increasing demand for energy-efficient cooling solutions in commercial buildings and industrial applications. Furthermore, regulatory changes favoring sustainable technologies are prompting a shift towards Water-Cooled systems, making them the fastest-growing segment in the market.

    Air Cooled Chiller (Dominant) vs. Water-Cooled Chiller (Emerging)

    The Air Cooled Chiller is recognized as the dominant player within the US chillers market, known for its straightforward installation process and flexibility in various applications. This segment is particularly popular among small to medium-sized facilities that prioritize cost-effective solutions. Conversely, the Water-Cooled Chiller represents an emerging force, characterized by its efficiency and high capacity for heat exchange. Water-Cooled systems are especially suitable for larger operations where energy consumption is a critical factor, making them an attractive choice in the face of rising energy costs and environmental regulations.

    By Power Range: Less than 50 kW (Largest) vs. More than 200 kW (Fastest-Growing)

    The US chillers market has seen a notable distribution among the power range segments, where the 'Less than 50 kW' segment dominates the market share. This segment is favored for its efficiency and cost-effectiveness in residential and small commercial applications, leading to its largest presence. In contrast, the '50-200 kW' and 'More than 200 kW' segments cater to larger operations, but the latter is quickly gaining traction due to increasing demand in industrial settings, reflecting a shift towards high-capacity chillers. Growth trends indicate a rising preference for higher-powered chillers, particularly in commercial and industrial applications, driven by the need for enhanced cooling solutions. The 'More than 200 kW' segment is characterized by technological advancements, such as improved energy efficiencies and eco-friendly refrigerants, which appeal to large-scale operations seeking to lower operational costs and environmental impact. In comparison, the 'Less than 50 kW' segment is benefitting from residential expansion, albeit at a slower growth rate.

    Power Range: Less than 50 kW (Dominant) vs. More than 200 kW (Emerging)

    The 'Less than 50 kW' segment is a dominant player in the US chillers market, capturing significant attention due to its suitability for residential and small commercial environments. These chillers are recognized for their compact design and energy efficiency, making them a preferred choice for smaller applications. Conversely, the 'More than 200 kW' segment represents an emerging force, propelled by large-scale industrial needs and the trend towards more powerful and efficient cooling systems. These chillers are often equipped with advanced technology, optimizing energy consumption and reducing greenhouse gas emissions, catering to the evolving market demands. As industries prioritize sustainability and operational efficiency, the appeal of high-capacity chillers continues to rise.

    By End User: Food & Beverages (Largest) vs. Chemicals & Petrochemicals (Fastest-Growing)

    In the US chillers market, the segment distribution reveals that the Food & Beverages sector holds the largest market share, accounting for a significant portion of the total demand. This dominance is driven by the increasing consumption of chilled products and the need for efficient temperature control in the food production process. Meanwhile, the Chemicals & Petrochemicals sector is rapidly gaining traction and is recognized as the fastest-growing segment due to the rising demand for innovative cooling solutions in extensive manufacturing processes. Growth trends within the end user segments indicate a steady increase in investments in advanced cooling technologies, particularly in the Medical and Metal Manufacturing sectors. The surge in healthcare facilities and increased production capabilities in metal industries are further pushing the need for high-efficiency chillers. Additionally, environmental regulations and sustainability initiatives are driving both established and emerging segments towards more eco-friendly refrigeration solutions, contributing to the overall growth trajectory in this market.

    Food & Beverages: Dominant vs. Chemicals & Petrochemicals: Emerging

    The Food & Beverages segment is characterized by its critical role in the refrigeration processes across various applications, including beverages, dairy, and meat processing. This segment requires high reliability and compliance with health regulations, making it crucial for chiller manufacturers to innovate continuously. On the other hand, the Chemicals & Petrochemicals segment, while still emerging, is witnessing significant expansion as industries adopt chillers for cooling purposes in chemical reactions and processing. Companies in this sector are increasingly focusing on energy efficiency and performance, making them key players in the overall market dynamics of US chillers. The competitive landscape reflects a push towards sustainability, with both segments striving to enhance their operational efficiency and reduce carbon footprints.

    By Sales: New Sales (Largest) vs. Rental Sales (Fastest-Growing)

    In the US chillers market, New Sales represent the largest segment, capturing a significant portion of the market share. This segment's dominance is attributed to the increasing demand for efficient cooling solutions across various industrial applications, including food processing and pharmaceuticals. Rental Sales, while smaller, are rapidly gaining traction, appealing to businesses with temporary cooling needs or limited budgets. This dynamic is reshaping the competitive landscape as firms adapt to evolving client demands. As businesses continue to seek flexible and cost-effective cooling solutions, the Rental Sales segment is projected to grow the fastest. Factors contributing to this growth include fluctuating project requirements and the shift towards short-term leasing to minimize capital expenditure. Additionally, technological advancements in chiller rental options are enhancing efficiency, making them more appealing to a broader range of customers. The combination of these trends is setting the pace for significant shifts in the market over the coming years.

    New Sales (Dominant) vs. Rental Sales (Emerging)

    New Sales in the US chillers market are characterized by a robust demand for advanced and energy-efficient cooling solutions. This segment is primarily driven by large-scale industrial operations that necessitate reliable cooling systems, ensuring optimal operational efficiency. Companies investing in New Sales often focus on long-term cost savings through enhanced energy performance, making these systems appealing for continuous use. In contrast, Rental Sales are emerging as a viable alternative, especially for short-term projects. This segment is gaining popularity among sectors seeking flexibility, as rental agreements provide immediate access to cooling technology without the hefty upfront expenditure. As contractors and businesses increasingly recognize the benefits of leasing chillers, Rental Sales are evolving rapidly within the market.

    Get more detailed insights about US Chillers Market

    Key Players and Competitive Insights

    The chillers market exhibits a dynamic competitive landscape characterized by rapid technological advancements and a growing emphasis on energy efficiency. Key players such as Carrier (US), Trane Technologies (IE), and Johnson Controls (US) are at the forefront, leveraging innovation and strategic partnerships to enhance their market positions. Carrier (US) focuses on integrating smart technologies into its products, aiming to improve operational efficiency and reduce environmental impact. Meanwhile, Trane Technologies (IE) emphasizes sustainability, aligning its product development with global climate goals, which appears to resonate well with environmentally conscious consumers. Johnson Controls (US) is also making strides in digital transformation, utilizing IoT solutions to optimize building management systems, thereby enhancing customer engagement and operational efficiency.

    The business tactics employed by these companies reflect a concerted effort to localize manufacturing and optimize supply chains, which is crucial in a moderately fragmented market. This competitive structure allows for a diverse range of offerings, yet the influence of major players remains significant. The collective strategies of these companies not only shape their individual trajectories but also contribute to a more resilient and responsive market environment.

    In October 2025, Carrier (US) announced a partnership with a leading tech firm to develop AI-driven chiller systems aimed at reducing energy consumption by up to 30%. This strategic move underscores Carrier's commitment to innovation and sustainability, positioning it as a leader in the transition towards more energy-efficient solutions. The integration of AI technology is likely to enhance operational efficiencies and provide customers with advanced monitoring capabilities.

    In September 2025, Trane Technologies (IE) launched a new line of eco-friendly chillers that utilize natural refrigerants, significantly reducing greenhouse gas emissions. This initiative not only aligns with global sustainability trends but also strengthens Trane's market position as a provider of environmentally responsible solutions. The adoption of natural refrigerants may also appeal to regulatory bodies and environmentally conscious consumers, potentially increasing market share.

    In August 2025, Johnson Controls (US) expanded its manufacturing capabilities in the Midwest, investing $50 million to enhance production efficiency and meet rising demand for high-performance chillers. This expansion reflects Johnson Controls' strategic focus on supply chain optimization and local manufacturing, which may improve responsiveness to market needs and reduce lead times for customers. Such investments are indicative of a broader trend towards localized production in the industry.

    As of November 2025, the chillers market is increasingly defined by trends such as digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the competitive landscape, fostering innovation and enhancing product offerings. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future differentiation will hinge on the ability to innovate and adapt to evolving market demands.

    Key Companies in the US Chillers Market market include

    Future Outlook

    US Chillers Market Future Outlook

    The chillers market is projected to grow at a 4.52% CAGR from 2024 to 2035, driven by energy efficiency demands, technological advancements, and regulatory support.

    New opportunities lie in:

    • Development of energy-efficient chiller systems for commercial buildings.
    • Integration of IoT technology for real-time monitoring and maintenance.
    • Expansion into renewable energy-powered chiller solutions.

    By 2035, the market is expected to achieve robust growth, driven by innovation and sustainability.

    Market Segmentation

    US Chillers Market Type Outlook

    • Screw Chiller
    • Scroll Chiller
    • Centrifugal Chiller
    • Others

    US Chillers Market Sales Outlook

    • Rental Sales
    • New Sales

    US Chillers Market End User Outlook

    • Chemicals & Petrochemicals
    • Food & Beverages
    • Medical
    • Metal Manufacturing
    • Others

    US Chillers Market Power Range Outlook

    • Less than 50 kW
    • 50-200 kW
    • More than 200 kW

    US Chillers Market Product Type Outlook

    • Air Cooled Chiller
    • Water-Cooled Chiller

    Report Scope

    MARKET SIZE 20241902.8(USD Million)
    MARKET SIZE 20251988.8(USD Million)
    MARKET SIZE 20353094.54(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR)4.52% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Million
    Key Companies Profiled["Carrier (US)", "Trane Technologies (IE)", "Daikin Industries (JP)", "Johnson Controls (US)", "Mitsubishi Electric (JP)", "Lennox International (US)", "York (US)", "Gree Electric Appliances (CN)", "Hitachi (JP)"]
    Segments CoveredType, Product Type, Power Range, End User, Sales
    Key Market OpportunitiesIntegration of energy-efficient technologies in chillers market driven by regulatory incentives and consumer demand.
    Key Market DynamicsTechnological advancements drive energy efficiency improvements in chillers, influencing competitive dynamics and regulatory compliance in the US.
    Countries CoveredUS

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