Coolant Chillers Market size was valued at USD 8.5 Billion in 2024 and is forecasted to grow at a CAGR of 4.9% from 2026 to 2033, reaching USD 12.6 Billion by 2033.
The global coolant chillers market has experienced steady growth, with the water chillers segment reaching a valuation of $5.99 billion in 2023 and projected to surpass $8.56 billion by 2034, expanding at a CAGR of 3.3% from 2024 to 2034. Regionally, the Asia Pacific (APAC) market has shown significant expansion, with the chillers market size anticipated to reach $7,426.0 million by 2027, up from $5,436.7 million in 2019, registering a CAGR of 5.4% from 2020 to 2027. citeturn0search5
In India, the chillers market generated revenue of $901.3 million in 2023 and is expected to reach $1,284.4 million by 2030, growing at a CAGR of 5.2% from 2024 to 2030. North America also holds a substantial share, accounting for 35.9% of the global recirculating chillers market in 2023, driven by the presence of multiple manufacturing facilities across various industries. These regional trends highlight the growing demand for coolant chillers across diverse industrial applications worldwide.
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MP Systems
Dormatec
Fluid Chillers
Tropicool
SAMSYS
KEMTECH
Haas Automation
CoolJet
Kwangrim
Gem Orion Machinery
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Coolant Chillers Market
Recirculating Chillers
Portable Chillers
Stationary Chillers
Centralized Chillers
Heat Exchangers
Less than 5 Tons
5 to 20 Tons
20 to 50 Tons
50 to 100 Tons
More than 100 Tons
Manufacturing
Food & Beverage
Pharmaceutical
Chemical Processing
HVAC
Plastic & Rubber
Eco-Friendly Refrigerants
F-Gas Refrigerants
Ammonia
CO2 (Carbon Dioxide)
Hydrochlorofluorocarbon (HCFC)
Manual Control
Automatic Control
Smart Control Systems
Remote Monitoring Systems
PLC-Based Control
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Coolant Chillers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Coolant Chillers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Coolant Chillers Market, By Type
6. Global Coolant Chillers Market, By Application
7. Global Coolant Chillers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Coolant Chillers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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