China and Global Chillers Market Dynamics and Trends by 2030

Historic Data: 2020-2021 | Base Year: 2022 | Forecast Period: 2023-2030

China and Global Chillers Market Size and Forecasts (2020 - 2030), Share, Trends, and Growth Opportunity Analysis - Report Coverage: By Chiller Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Technology (Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, and Reverse Cycle Chillers), and Application (Commercial, Industrial, and Residential)

Report Date : Oct 2023
Report Code : TIPRE00033716

Category : Manufacturing and Construction
Status : Published

Available Report Formats :

Page Updated: Jan 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

Analyst Perspective:

In terms of value, the chillers market in China was valued at US$ XX million in 2022 and is projected to reach US$ XX million by 2030; it is expected to grow at a CAGR of 4.6% during the forecast period.

Rising disposable income, increasing technological advancements, rise in real estate construction for residential purpose, and growing commercial space across the country are the factors driving the Chiller market. The growth of the construction industry plays a significant role in boosting the Chinese Chiller market. New constructions in the residential, commercial, and industrial sectors have increased the demand for HVAC systems, cumulating into demand for HVAC chiller. Innovations in building design and the increased focus on energy efficiency in buildings have created an opportunity for HVAC chiller manufacturers to expand their foothold in the market. Moreover, ongoing initiatives such as green building construction by several emerging and developed countries is providing huge growth opportunities for the market. Furthermore, People’s Republic of China had the fastest growth in space cooling energy consumption worldwide in the last two decades, driven by increasing income and growing demand for thermal comfort due to which the total number of installed residential cooling units (including dehumidifier, fans, and HVAC chillers) are expected to reach over 1.1 billion in 2030 are supporting the growth of the market.

Market Segmentation - Chillers Market

SEGMENT NAME	TYPE
Technology	Air-Cooled, Water-Cooled, Steam-Fired
Type	Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, Reverse Cycle Chillers
Application	Industrial, Commercial, Residential

Chillers Market

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Key Player Analysis - Chillers Market

Danfoss
Carrier Global Corporation
DAIKIN Industries LTD
Johnson Controls
Kaltra
LG Electronics
Mitsubishi Electric Corporation
SKM Air Conditioning
Trane Technologies Inc
Thermal Care Inc

are the key Chillers Market players profiled in the report.

China and Global Chillers Report Scope

Report Attribute	Details
Market size in 2022	US$ XX Million
Market Size by 2030	US$ XX Million
Global CAGR (2022 - 2030)	4.6%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Chiller Technology Air-Cooled Water-Cooled Steam-Fired By Technology Process Chillers Scroll Chillers Screw Chillers Centrifugal Chillers Absorption Chillers Modular Chillers Reverse Cycle Chillers By Application Commercial Industrial Residential
Regions and Countries Covered	China China
Market leaders and key company profiles	Danfoss Carrier Global Corporation DAIKIN Industries LTD Johnson Controls Kaltra LG Electronics Mitsubishi Electric Corporation SKM Air Conditioning Trane Technologies Inc

Research Manager

Nivedita Upadhyay

Manager,
Market Research & Consulting

Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

What are the China and Global Chillers Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

China and Global Chillers Market Report Snapshots

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy

Informed Decision-Making
Understanding Market Dynamics
Competitive Analysis
Identifying Emerging Markets

Customer Insights
Market Forecasts
Risk Mitigation
Boosting Operational Efficiency

Strategic Planning
Investment Justification
Tracking Industry Innovations
Aligning with Regulatory Trends

Your Key Concerns Addressed - Question & Answer

Can I view a sample of the report before purchasing?

Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

Is analyst support included with the purchase?

Absolutely - analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

What are the next steps once I place an order?

Once your order is successfully placed, you will receive a confirmation email along with your invoice.

• For published reports: You'll receive access to the report within 4-6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

Can the report be tailored to suit my specific needs?

We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we'll be happy to provide a customized proposal or scope.

In what format is the report delivered?

The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

How secure is the payment process on your platform?

Our payment process is fully secure and PCI-DSS compliant.

We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.

Do you provide special pricing for buying multiple reports?

Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we're happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you're considering, and we’ll share a personalized quote.

Can I connect with your team to discuss the report before buying?

Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we're here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

Will I get a billing invoice upon purchase?

Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

Is there support available if I can't access my report?

Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we'll ensure the issue is resolved quickly so you can access your report without interruption.