Air Cooled Chillers Market Size, Share & Forecast to 2031

Air Cooled Chillers Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Process (Continuous Flow Chillers and Immersion Chillers), Application (Industrial Manufacturing, Food and Beverage Processing, Medical Equipment, and Others), Type (Machine Tool, Laser Systems, and Others), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)

  • Report Date : Oct 2025
  • Report Code : TIPRE00041042
  • Category : Electronics and Semiconductor
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 210

The air cooled chillers market size is projected to reach US$ 1,614.43 million by 2031 from US$ 971.42 million in 2024. The market is expected to register a CAGR of 7.6% during 2025–2031. 

Air Cooled Chillers Market Analysis

The air cooled chillers market growth is attributed to the rising temperatures & climate change, urbanization & infrastructure growth, and strict regulations for energy efficiency & sustainability. Nonetheless, the market presents opportunities through the demand for smart and IoT-enabled systems, technological advancements, and the rising demand for customization air cooled chillers for specific applications.

Air Cooled Chillers Market Overview

Air cooled chillers operate with the intention of rejecting heat from the space. With active heat to be absorbed from process water and rejected to the surrounding air, they are commonly used in an industrial environment to cool fluids and/or dehumidify air. An air cooled chiller includes four major components: compressor, evaporator, condenser, and expansion valve. These industrial chillers are widely used for small to medium-scale manufacturing facilities, such as in the pharmaceutical or food & beverage industries.

The demand for these chillers is rising due to their compact design, which makes them convenient, inexpensive to maintain, and easy to install. The upfront cost of these chillers is less expensive than the water cooled chillers, which drives the market growth for this segment.

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Air Cooled Chillers Market: Strategic Insights

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Air Cooled Chillers Market Drivers and Opportunities

Market Drivers:

  • Energy Efficiency & Environmental Regulation:

    There's growing regulatory pressure (e.g. energy performance standards, restrictions on high‑Global Warming Potential refrigerants) and corporate ESG goals pushing users to replace older, inefficient chillers. Air cooled chillers that are more efficient help reduce power bills and emissions.
  • Expansion of Commercial and Industrial Infrastructure:

    Rapid growth in the construction of offices, hotels, shopping malls, hospitals, factories, data centers, etc., especially in emerging markets, increases demand for reliable cooling systems.
  • Growing Water Scarcity Concern:

    Air‑cooled chillers don't require large volumes of water (unlike water‑cooled chillers with cooling towers), making them more favourable in regions where water is scarce or expensive.
  • High Ambient Temperature and Climate Change:

    More frequent heat waves and overall rising ambient temperatures mean that cooling demand is increasing. Users need chiller systems that can maintain performance even at elevated outdoor temperatures. Air cooled systems are often simpler to deploy in many sites.
  • Industries Focus on Retrofitting Older Systems:

    Many existing buildings have legacy chillers. As regulations increase or energy costs rise, there's a demand for retrofits or upgrades rather than full new systems. This drives the replacement/modernization of chillers.

Market Opportunities:

  • Technological Improvements in Compressors, Heat Exchangers, Controls:

    Advancements in scroll/screw/centrifugal compressors, better heat exchangers, use of variable speed drives, improved control systems, IoT / automation, etc., are making air‑cooled chillers more efficient, reliable, and cost‑effective.
  • Development of Modular / Scalable Chillers and Compact Designs:

    Applications with restricted space (urban zones), or modular buildings, prefabricated setups, or smaller capacity needs, are pushing demand for compact, modular chillers that are scalable as demand grows.
  • Growth of Data Centers / IT Infrastructure:

    As cloud computing, big data, AI, etc., expand, the need for cooling in data centers, server farms, etc., increases. These often need precise, reliable cooling - an opportunity for air‑cooled chiller vendors.
  • Shift to low‑GWP Refrigerants and Phased‑Out HFCs:

    Manufacturers are increasingly designing chillers to use refrigerants with lower global warming potential. Regulation is forcing this, but end‑user preference is aligning too.
  • Integration of IoT, AI, and Digitalization:

    There is a rising demand for chillers that can be monitored and controlled in real time, that can predict failures, optimize efficiency, and integrate with building management systems. These provide value in lower downtime, energy savings, and life‑cycle cost benefits.

Air Cooled Chillers Market Report Segmentation Analysis

The air cooled chillers market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports:

By Process:

  • Continuous Flow Chillers:

    Continuous flow chillers provide consistent, controlled cooling that is vital for maintaining optimal operating temperatures in industrial equipment and processes.
  • Immersion Chillers:

    Immersion chillers offer targeted and highly efficient cooling by directly immersing the heat-generating components in a thermally conductive yet non-conductive liquid.

By Application:

  • Industrial Manufacturing:

    Air cooled chillers play a vital role in industrial manufacturing by providing consistent process cooling to machinery, equipment, and production lines.
  • Food and Beverage Processing:

    In the food and beverage processing industry, air cooled chillers are essential for maintaining precise temperature control during production, storage, and packaging.
  • Medical Equipment:

    Air cooled chillers are critical in the medical equipment sector, where precise temperature control is essential for both diagnostic and therapeutic technologies.
  • Others:

    Air cooled chillers benefit a wide range of other industries, including data centers, commercial buildings, printing operations, and more, by delivering dependable cooling solutions without the need for water-intensive systems.

By Type:

  • Machine Tool
  • Laser System
  • Others

Each sector demands energy efficiency, low maintenance, and cost-effectiveness. It influences air cooled chillers adoption and functionality preferences.

By Geography:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The air cooled chillers market in Middle East & Africa is expected to witness the fastest growth. Rising temperatures, urbanization, and the expansion of commercial and industrial infrastructure are surging the adoption of air cooled chillers.

Market Report ScopeAir Cooled Chillers Market Share Analysis by Geography

Asia Pacific is expected to grow the fastest in the next few years. Emerging markets in Latin America, the Middle East, and Africa also have many untapped opportunities for air cooled chillers providers to expand.

The air cooled chillers market grows differently in each region. This is because of factors like a gradual shift towards higher efficiency models, driven by government initiatives like Saudi Arabia's Vision 2030 and the UAE's Energy Strategy 2050. Below is a summary of market share and trends by region:

1. North America

  • Market Share:

    Holds a significant portion of the global market
  • Key Drivers:

    Rising demand for energy-efficient HVAC systems due to stringent environmental regulations and retrofitting needs in commercial buildings drives market growth.
  • Trends:

    Adoption of smart chillers integrated with IoT and AI for real-time monitoring, predictive maintenance, and energy optimization is increasing.

2. Europe

  • Market Share:

    Substantial share due to early adoption of digital commerce
  • Key Drivers:

    EU climate goals and policies like the F-Gas Regulation promote low-GWP refrigerants, boosting demand for eco-friendly air cooled chillers.
  • Trends:

    Growing preference for modular chillers in data centers and hospitals due to scalability, low maintenance, and improved energy performance.

3. Asia Pacific

  • Market Share:

    Fastest-growing region with a rising market share every year
  • Key Drivers:

    Rapid urbanization and infrastructure development, especially in China and India, are driving demand for HVAC systems in commercial buildings.
  • Trends:

    Manufacturers are expanding production capacity and localizing manufacturing to meet rising demand and reduce costs in emerging APAC markets.

4. South and Central America

  • Market Share:

    Growing market with steady progress
  • Key Drivers:

    Increasing commercial construction and tourism development in Brazil and Chile stimulates demand for reliable and energy-efficient cooling systems.
  • Trends:

    Growth in demand for rental air cooled chillers during seasonal peaks and events, especially in hospitality and industrial sectors.

5. Middle East and Africa

  • Market Share:

    Although small, but growing quickly
  • Key Drivers:

    Extreme climate conditions and government-backed infrastructure projects drive demand for high-capacity cooling solutions across commercial and industrial sectors.
  • Trends:

    Solar-powered air cooled chillers gain traction in off-grid locations, aligning with regional sustainability goals and energy diversification strategies.

Air Cooled Chillers Market Players Density: Understanding Its Impact on Business Dynamics

High Market Density and Competition

Competition is strong due to the presence of established players such as Stulz SpA, Mitsubishi Heavy Industries Ltd, Daikin Industries Ltd¸ Johnson Controls International Plc, and Panasonic Holdings Corp. Regional and niche providers like HYDAC International GmbH, Blue Star Ltd, Carrier Global Corp, Trane Technologies Plc, and Thermo Fisher Scientific Inc. are also adding to the competitive landscape across different regions.

This high level of competition urges companies to stand out by offering:

  • Advanced energy efficiency and safety features
  • Value-added services, such as remote system monitoring, predictive maintenance, installation and commissioning support, and integration with building management systems (BMS)
  • Competitive pricing models
  • Strong customer support, quick response times, and easy integration

Opportunities and Strategic Moves

  • HVAC and industrial solution providers are increasingly forming strategic partnerships to deliver hybrid cooling systems that integrate air cooled chillers with complementary cooling technologies to enhance energy efficiency and environmental performance across variable climatic conditions.
  • Leading manufacturers of air cooled chillers are shifting from capital expenditure (CAPEX)-intensive sales models toward subscription-based offerings and managed services such as Cooling-as-a-Service (CaaS).
  • Vendors are embedding software-defined control systems, IoT-enabled sensors, and AI-powered analytics into air cooled chiller units.

Disclaimer: The companies listed above are not ranked in any particular order.

Other companies analysed during the course of research:

  1. Midea Group Co., Ltd.
  2. Airedale International Air Conditioning Ltd.
  3. Smardt Chiller Group
  4. KKT Chillers / AIT‑Deutschland GmbH
  5. Blue Star Limited
  6. Thermax Limited
  7. Danfoss A/S
  8. Geson Refrigeration Equipment Co., Ltd.
  9. Robur SpA
  10. Hitachi, Ltd.
  11. Kawasaki Thermal Engineering Co., Ltd.
  12. HyDAC International GmbH
  13. Aermec UK Ltd.
  14. Afinox Srl
  15. Baltimore Aircoil Company

Air Cooled Chillers Market News and Recent Developments

  • Johnson Controls Recognized as a Thermal Management Provider

    In February 2025, Johnson Controls was recognized as a thermal management provider, driven by its comprehensive product portfolio, global presence, and customer-centric approach to the data center thermal management industry. In thermal management, Johnson Controls offers a wide range of air cooled and water cooled chillers designed to address the unique needs of hyperscale and colocation data centers.
  • Panasonic Corporation Acquired Cold Chain Solutions Company

    In July 2024, Panasonic Corporation announced that its Cold Chain Solutions Company (hereinafter referred to as Panasonic) had agreed with Cooling Solutions S.L. to purchase all the shares of its subsidiary Area Cooling Solutions Sp. z o.o. , a Polish refrigeration equipment manufacturer.

Air Cooled Chillers Market Report Coverage and Deliverables

The "Air Cooled Chillers Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

  • Air Cooled Chillers Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Air Cooled Chillers Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • Air Cooled Chillers Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Air Cooled Chillers Market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What factors create opportunities in the air cooled chillers market?

1. Demand for Smart and IoT-Enabled Systems2. Technology Advancements3. Rising Demand for Customization of Air Cooled Chillers for Specific Applications

What future trends are shaping the sector?

The air cooled chillers market is set to gain notable advantages due to an increasing demand for customized air cooled chillers and for highly customized cooling solutions for specific industries.

Which applications are driving the demand for air cooled chillers?

Key applications include:1. Industrial Manufacturing2. Food and Beverage Processing3. Medical Equipment4. Others

Which regions are growing the fastest in the air cooled chillers market?

Middle East & Africa leads in market share. Asia Pacific, especially China and Japan, is witnessing the fastest growth due to government regulations and smart and IoT-enabled systems.

What are the major processes of air cooled chillers?

Process comprises:1. Continuous Flow Chillers2. Immersion Chillers

What are the major trends of air cooled chillers?

The main trends include:1. Integration with Building Management Systems2. Adoption of R32 Refrigerant3. Focus on Sustainability and Eco-Friendly Solutions

What is the current size of the air cooled chillers market?

The global air cooled chillers market was valued at US$ 971.42 million in 2024 and is expected to reach US$ 1614.43 million by 2031.

What is the expected CAGR of the air cooled chillers market through 2031?

The market is projected to register a CAGR of 7.6% from 2025 to 2031, depending on the region and subsegment, such as machine tools, laser systems, and others.

1. Introduction

1.1 Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

3.3 Assumptions and Limitations

4. Air Cooled Chillers Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 List of Vendors in the Value Chain

5. Air Cooled Chillers Market – Key Market Dynamics

5.1 Air Cooled Chillers Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Rising Temperatures and Climate Change

5.2.2 Urbanization and Infrastructure Growth

5.2.3 Strict Regulations for Energy Efficiency and Sustainability

5.3 Market Restraints

5.3.1 High Initial Investment Costs

5.3.2 Availability of Substitute Systems

5.3.3 Geographic Limitations

5.4 Market Opportunities

5.4.1 Demand for Smart and IoT-Enabled Systems

5.4.2 Technology Advancements

5.4.3 Rising Demand for Customization of Air Cooled Chillers for Specific Applications

5.5 Future Trends

5.5.1 Integration with Building Management Systems

5.5.2 Adoption of R32 Refrigerant

5.5.3 Focus on Sustainability and Eco-Friendly Solutions

5.6 Impact of Drivers and Restraints:

6. Air Cooled Chillers Market – Global Market Analysis

6.1 Air Cooled Chillers Market Revenue (US$ Million), 2021–2031

6.2 Air Cooled Chillers Market Forecast Analysis

7. Air Cooled Chillers Market Analysis – by Process

7.1 Continuous Flow Chillers

7.1.1 Overview

7.1.2 Continuous Flow Chillers: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

7.2 Immersion Chillers

7.2.1 Overview

7.2.2 Immersion Chillers: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

8. Air Cooled Chillers Market Analysis – by Application

8.1 Industrial Manufacturing

8.1.1 Overview

8.1.2 Industrial Manufacturing: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

8.2 Food and Beverage Processing

8.2.1 Overview

8.2.2 Food and Beverage Processing: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

8.3 Medical Equipment

8.3.1 Overview

8.3.2 Medical Equipment: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

8.4 Others

8.4.1 Overview

8.4.2 Others: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

9. Air Cooled Chillers Market Analysis – by Type

9.1 Machine Tool

9.1.1 Overview

9.1.2 Machine Tool: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

9.2 Laser Systems

9.2.1 Overview

9.2.2 Laser Systems: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

9.3 Others

9.3.1 Overview

9.3.2 Others: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

10. Air Cooled Chillers Market – Geographical Analysis

10.1 Overview

10.2 North America

10.2.1 North America Air Cooled Chillers Market Overview

10.2.2 North America: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

10.2.3 North America: Air Cooled Chillers Market Breakdown, by Process

10.2.3.1 North America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Process

10.2.4 North America: Air Cooled Chillers Market Breakdown, by Application

10.2.4.1 North America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Application

10.2.5 North America: Air Cooled Chillers Market Breakdown, by Type

10.2.5.1 North America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Type

10.2.6 North America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.2.6.1 North America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.2.6.2 United States: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.2.6.2.1 United States: Air Cooled Chillers Market Breakdown, by Process

10.2.6.2.2 United States: Air Cooled Chillers Market Breakdown, by Application

10.2.6.2.3 United States: Air Cooled Chillers Market Breakdown, by Type

10.2.6.3 Canada: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.2.6.3.1 Canada: Air Cooled Chillers Market Breakdown, by Process

10.2.6.3.2 Canada: Air Cooled Chillers Market Breakdown, by Application

10.2.6.3.3 Canada: Air Cooled Chillers Market Breakdown, by Type

10.2.6.4 Mexico: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.2.6.4.1 Mexico: Air Cooled Chillers Market Breakdown, by Process

10.2.6.4.2 Mexico: Air Cooled Chillers Market Breakdown, by Application

10.2.6.4.3 Mexico: Air Cooled Chillers Market Breakdown, by Type

10.3 Europe

10.3.1 Europe Air Cooled Chillers Market Overview

10.3.2 Europe: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

10.3.3 Europe: Air Cooled Chillers Market Breakdown, by Process

10.3.3.1 Europe: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Process

10.3.4 Europe: Air Cooled Chillers Market Breakdown, by Application

10.3.4.1 Europe: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Application

10.3.5 Europe: Air Cooled Chillers Market Breakdown, by Type

10.3.5.1 Europe: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Type

10.3.6 Europe: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.3.6.1 Europe: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.3.6.2 Germany: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.3.6.2.1 Germany: Air Cooled Chillers Market Breakdown, by Process

10.3.6.2.2 Germany: Air Cooled Chillers Market Breakdown, by Application

10.3.6.2.3 Germany: Air Cooled Chillers Market Breakdown, by Type

10.3.6.3 United Kingdom: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.3.6.3.1 United Kingdom: Air Cooled Chillers Market Breakdown, by Process

10.3.6.3.2 United Kingdom: Air Cooled Chillers Market Breakdown, by Application

10.3.6.3.3 United Kingdom: Air Cooled Chillers Market Breakdown, by Type

10.3.6.4 France: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.3.6.4.1 France: Air Cooled Chillers Market Breakdown, by Process

10.3.6.4.2 France: Air Cooled Chillers Market Breakdown, by Application

10.3.6.4.3 France: Air Cooled Chillers Market Breakdown, by Type

10.3.6.5 Italy: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.3.6.5.1 Italy: Air Cooled Chillers Market Breakdown, by Process

10.3.6.5.2 Italy: Air Cooled Chillers Market Breakdown, by Application

10.3.6.5.3 Italy: Air Cooled Chillers Market Breakdown, by Type

10.3.6.6 Russia: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.3.6.6.1 Russia: Air Cooled Chillers Market Breakdown, by Process

10.3.6.6.2 Russia: Air Cooled Chillers Market Breakdown, by Application

10.3.6.6.3 Russia: Air Cooled Chillers Market Breakdown, by Type

10.3.6.7 Rest of Europe: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.3.6.7.1 Rest of Europe: Air Cooled Chillers Market Breakdown, by Process

10.3.6.7.2 Rest of Europe: Air Cooled Chillers Market Breakdown, by Application

10.3.6.7.3 Rest of Europe: Air Cooled Chillers Market Breakdown, by Type

10.4 Asia Pacific

10.4.1 Asia Pacific Air Cooled Chillers Market Overview

10.4.2 Asia Pacific: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

10.4.3 Asia Pacific: Air Cooled Chillers Market Breakdown, by Process

10.4.3.1 Asia Pacific: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Process

10.4.4 Asia Pacific: Air Cooled Chillers Market Breakdown, by Application

10.4.4.1 Asia Pacific: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Application

10.4.5 Asia Pacific: Air Cooled Chillers Market Breakdown, by Type

10.4.5.1 Asia Pacific: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Type

10.4.6 Asia Pacific: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.4.6.1 Asia Pacific: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.4.6.2 China: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.4.6.2.1 China: Air Cooled Chillers Market Breakdown, by Process

10.4.6.2.2 China: Air Cooled Chillers Market Breakdown, by Application

10.4.6.2.3 China: Air Cooled Chillers Market Breakdown, by Type

10.4.6.3 Japan: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.4.6.3.1 Japan: Air Cooled Chillers Market Breakdown, by Process

10.4.6.3.2 Japan: Air Cooled Chillers Market Breakdown, by Application

10.4.6.3.3 Japan: Air Cooled Chillers Market Breakdown, by Type

10.4.6.4 India: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.4.6.4.1 India: Air Cooled Chillers Market Breakdown, by Process

10.4.6.4.2 India: Air Cooled Chillers Market Breakdown, by Application

10.4.6.4.3 India: Air Cooled Chillers Market Breakdown, by Type

10.4.6.5 South Korea: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.4.6.5.1 South Korea: Air Cooled Chillers Market Breakdown, by Process

10.4.6.5.2 South Korea: Air Cooled Chillers Market Breakdown, by Application

10.4.6.5.3 South Korea: Air Cooled Chillers Market Breakdown, by Type

10.4.6.6 Australia: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.4.6.6.1 Australia: Air Cooled Chillers Market Breakdown, by Process

10.4.6.6.2 Australia: Air Cooled Chillers Market Breakdown, by Application

10.4.6.6.3 Australia: Air Cooled Chillers Market Breakdown, by Type

10.4.6.7 Rest of APAC: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.4.6.7.1 Rest of APAC: Air Cooled Chillers Market Breakdown, by Process

10.4.6.7.2 Rest of APAC: Air Cooled Chillers Market Breakdown, by Application

10.4.6.7.3 Rest of APAC: Air Cooled Chillers Market Breakdown, by Type

10.5 Middle East and Africa

10.5.1 Middle East and Africa Air Cooled Chillers Market Overview

10.5.2 Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

10.5.3 Middle East and Africa: Air Cooled Chillers Market Breakdown, by Process

10.5.3.1 Middle East and Africa: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Process

10.5.4 Middle East and Africa: Air Cooled Chillers Market Breakdown, by Application

10.5.4.1 Middle East and Africa: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Application

10.5.5 Middle East and Africa: Air Cooled Chillers Market Breakdown, by Type

10.5.5.1 Middle East and Africa: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Type

10.5.6 Middle East and Africa: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.5.6.1 Middle East and Africa: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.5.6.2 Saudi Arabia: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.5.6.2.1 Saudi Arabia: Air Cooled Chillers Market Breakdown, by Process

10.5.6.2.2 Saudi Arabia: Air Cooled Chillers Market Breakdown, by Application

10.5.6.2.3 Saudi Arabia: Air Cooled Chillers Market Breakdown, by Type

10.5.6.3 United Arab Emirates: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.5.6.3.1 United Arab Emirates: Air Cooled Chillers Market Breakdown, by Process

10.5.6.3.2 United Arab Emirates: Air Cooled Chillers Market Breakdown, by Application

10.5.6.3.3 United Arab Emirates: Air Cooled Chillers Market Breakdown, by Type

10.5.6.4 South Africa: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.5.6.4.1 South Africa: Air Cooled Chillers Market Breakdown, by Process

10.5.6.4.2 South Africa: Air Cooled Chillers Market Breakdown, by Application

10.5.6.4.3 South Africa: Air Cooled Chillers Market Breakdown, by Type

10.5.6.5 Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.5.6.5.1 Rest of Middle East and Africa: Air Cooled Chillers Market Breakdown, by Process

10.5.6.5.2 Rest of Middle East and Africa: Air Cooled Chillers Market Breakdown, by Application

10.5.6.5.3 Rest of Middle East and Africa: Air Cooled Chillers Market Breakdown, by Type

10.6 South and Central America

10.6.1 South and Central America Air Cooled Chillers Market Overview

10.6.2 South and Central America: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

10.6.3 South and Central America: Air Cooled Chillers Market Breakdown, by Process

10.6.3.1 South and Central America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Process

10.6.4 South and Central America: Air Cooled Chillers Market Breakdown, by Application

10.6.4.1 South and Central America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Application

10.6.5 South and Central America: Air Cooled Chillers Market Breakdown, by Type

10.6.5.1 South and Central America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Type

10.6.6 South and Central America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.6.6.1 South and Central America: Air Cooled Chillers Market – Revenue and Forecast Analysis – by Country

10.6.6.2 Brazil: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.6.6.2.1 Brazil: Air Cooled Chillers Market Breakdown, by Process

10.6.6.2.2 Brazil: Air Cooled Chillers Market Breakdown, by Application

10.6.6.2.3 Brazil: Air Cooled Chillers Market Breakdown, by Type

10.6.6.3 Argentina: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.6.6.3.1 Argentina: Air Cooled Chillers Market Breakdown, by Process

10.6.6.3.2 Argentina: Air Cooled Chillers Market Breakdown, by Application

10.6.6.3.3 Argentina: Air Cooled Chillers Market Breakdown, by Type

10.6.6.4 Rest of South and Central America: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

10.6.6.4.1 Rest of South and Central America: Air Cooled Chillers Market Breakdown, by Process

10.6.6.4.2 Rest of South and Central America: Air Cooled Chillers Market Breakdown, by Application

10.6.6.4.3 Rest of South and Central America: Air Cooled Chillers Market Breakdown, by Type

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players

11.2 Company Market Share Analysis, 2024

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

12.4 Other Developments

13. Company Profiles

13.1 Stulz SpA

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Daikin Industries Ltd

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Blue Star Ltd

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 HYDAC International GmbH

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Panasonic Holdings Corp

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Johnson Controls International Plc

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Mitsubishi Heavy Industries Ltd

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Carrier Global Corp

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Trane Technologies Plc

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Thermo Fisher Scientific Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 List of Abbreviations

List of Tables

Table 1. Air Cooled Chillers Market Segmentation

Table 2. List of Vendors

Table 3. Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million)

Table 4. Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million)

Table 5. Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 6. Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 7. Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 8. Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 9. Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 10. Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 11. North America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 12. North America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 13. North America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 14. North America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 15. North America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 16. North America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 17. North America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 18. North America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 19. United States: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 20. United States: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 21. United States: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 22. United States: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 23. United States: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 24. United States: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 25. Canada: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 26. Canada: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 27. Canada: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 28. Canada: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 29. Canada: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 30. Canada: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 31. Mexico: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 32. Mexico: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 33. Mexico: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 34. Mexico: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 35. Mexico: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 36. Mexico: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 37. Europe: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 38. Europe: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 39. Europe: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 40. Europe: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 41. Europe: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 42. Europe: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 43. Europe: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 44. Europe: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 45. Germany: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 46. Germany: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 47. Germany: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 48. Germany: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 49. Germany: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 50. Germany: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 51. United Kingdom: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 52. United Kingdom: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 53. United Kingdom: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 54. United Kingdom: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 55. United Kingdom: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 56. United Kingdom: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 57. France: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 58. France: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 59. France: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 60. France: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 61. France: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 62. France: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 63. Italy: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 64. Italy: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 65. Italy: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 66. Italy: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 67. Italy: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 68. Italy: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 69. Russia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 70. Russia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 71. Russia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 72. Russia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 73. Russia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 74. Russia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 75. Rest of Europe: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 76. Rest of Europe: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 77. Rest of Europe: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 78. Rest of Europe: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 79. Rest of Europe: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 80. Rest of Europe: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 81. Asia Pacific: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 82. Asia Pacific: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 83. Asia Pacific: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 84. Asia Pacific: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 85. Asia Pacific: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 86. Asia Pacific: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 87. Asia Pacific: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 88. Asia Pacific: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 89. China: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 90. China: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 91. China: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 92. China: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 93. China: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 94. China: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 95. Japan: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 96. Japan: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 97. Japan: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 98. Japan: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 99. Japan: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 100. Japan: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 101. India: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 102. India: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 103. India: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 104. India: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 105. India: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 106. India: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 107. South Korea: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 108. South Korea: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 109. South Korea: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 110. South Korea: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 111. South Korea: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 112. South Korea: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 113. Australia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 114. Australia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 115. Australia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 116. Australia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 117. Australia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 118. Australia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 119. Rest of APAC: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 120. Rest of APAC: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 121. Rest of APAC: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 122. Rest of APAC: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 123. Rest of APAC: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 124. Rest of APAC: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 125. Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 126. Middle East and Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 127. Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 128. Middle East and Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 129. Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 130. Middle East and Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 131. Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 132. Middle East and Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 133. Saudi Arabia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 134. Saudi Arabia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 135. Saudi Arabia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 136. Saudi Arabia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 137. Saudi Arabia: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 138. Saudi Arabia: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 139. United Arab Emirates: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 140. United Arab Emirates: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 141. United Arab Emirates: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 142. United Arab Emirates: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 143. United Arab Emirates: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 144. United Arab Emirates: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 145. South Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 146. South Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 147. South Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 148. South Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 149. South Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 150. South Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 151. Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 152. Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 153. Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 154. Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 155. Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 156. Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 157. South and Central America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 158. South and Central America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 159. South and Central America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 160. South and Central America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 161. South and Central America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 162. South and Central America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 163. South and Central America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 164. South and Central America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 165. Brazil: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 166. Brazil: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 167. Brazil: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 168. Brazil: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 169. Brazil: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 170. Brazil: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 171. Argentina: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 172. Argentina: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 173. Argentina: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 174. Argentina: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 175. Argentina: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 176. Argentina: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 177. Rest of South and Central America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Process

Table 178. Rest of South and Central America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Process

Table 179. Rest of South and Central America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Application

Table 180. Rest of South and Central America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application

Table 181. Rest of South and Central America: Air Cooled Chillers Market – Revenue, 2021–2024 (US$ Million) – by Type

Table 182. Rest of South and Central America: Air Cooled Chillers Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type

Table 183. Heat Map Analysis by Key Players

Table 184. List of Abbreviations

List of Figures

Figure 1. Air Cooled Chillers Market Segmentation, by Geography

Figure 2. PEST Analysis

Figure 3. Impact Analysis of Drivers and Restraints

Figure 4. Air Cooled Chillers Market Revenue (US$ Million), 2021–2031

Figure 5. Air Cooled Chillers Market Share (%) – by Process (2024 and 2031)

Figure 6. Continuous Flow Chillers: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 7. Immersion Chillers: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 8. Air Cooled Chillers Market Share (%) – by Application (2024 and 2031)

Figure 9. Industrial Manufacturing: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 10. Food and Beverage Processing: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 11. Medical Equipment: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. Others: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 13. Air Cooled Chillers Market Share (%) – by Type (2024 and 2031)

Figure 14. Machine Tool: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 15. Laser Systems: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 16. Others: Air Cooled Chillers Market – Revenue and Forecast to 2031 (US$ Million)

Figure 17. Air Cooled Chillers Market Breakdown by Region, 2024 and 2031 (%)

Figure 18. North America: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

Figure 19. North America: Air Cooled Chillers Market Breakdown, by Process (2024 and 2031)

Figure 20. North America: Air Cooled Chillers Market Breakdown, by Application (2024 and 2031)

Figure 21. North America: Air Cooled Chillers Market Breakdown, by Type (2024 and 2031)

Figure 22. North America: Air Cooled Chillers Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 23. United States: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 24. Canada: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 25. Mexico: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 26. Europe: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

Figure 27. Europe: Air Cooled Chillers Market Breakdown, by Process (2024 and 2031)

Figure 28. Europe: Air Cooled Chillers Market Breakdown, by Application (2024 and 2031)

Figure 29. Europe: Air Cooled Chillers Market Breakdown, by Type (2024 and 2031)

Figure 30. Europe: Air Cooled Chillers Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 31. Germany: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 32. United Kingdom: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 33. France: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 34. Italy: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 35. Russia: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 36. Rest of Europe: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 37. Asia Pacific: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

Figure 38. Asia Pacific: Air Cooled Chillers Market Breakdown, by Process (2024 and 2031)

Figure 39. Asia Pacific: Air Cooled Chillers Market Breakdown, by Application (2024 and 2031)

Figure 40. Asia Pacific: Air Cooled Chillers Market Breakdown, by Type (2024 and 2031)

Figure 41. Asia Pacific: Air Cooled Chillers Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 42. China: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 43. Japan: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 44. India: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 45. South Korea: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 46. Australia: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 47. Rest of APAC: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 48. Middle East and Africa: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

Figure 49. Middle East and Africa: Air Cooled Chillers Market Breakdown, by Process (2024 and 2031)

Figure 50. Middle East and Africa: Air Cooled Chillers Market Breakdown, by Application (2024 and 2031)

Figure 51. Middle East and Africa: Air Cooled Chillers Market Breakdown, by Type (2024 and 2031)

Figure 52. Middle East and Africa: Air Cooled Chillers Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 53. Saudi Arabia: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 54. United Arab Emirates: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 55. South Africa: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 56. Rest of Middle East and Africa: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 57. South and Central America: Air Cooled Chillers Market – Revenue, 2021–2031 (US$ Million)

Figure 58. South and Central America: Air Cooled Chillers Market Breakdown, by Process (2024 and 2031)

Figure 59. South and Central America: Air Cooled Chillers Market Breakdown, by Application (2024 and 2031)

Figure 60. South and Central America: Air Cooled Chillers Market Breakdown, by Type (2024 and 2031)

Figure 61. South and Central America: Air Cooled Chillers Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 62. Brazil: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 63. Argentina: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 64. Rest of South and Central America: Air Cooled Chillers Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 65. Company Market Share Analysis, 2024

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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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