North America Chillers Market Forecast to 2030 - Regional Analysis - by Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Type (Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, and Reverse Cycle Chillers), and Application (Commercial, Industrial, and Residential)
The North America chillers market is expected to grow from US$ 2,223.88 million in 2022 to US$ 2,857.05 million by 2030. It is estimated to register a CAGR of 3.2% from 2022 to 2030.
Economic Growth in Countries Across the World Drives North America Chillers Market
The improving economic conditions across the globe coupled with urbanization has led to the growth in the industrial sector. There has been a rise in the construction of medical centres, malls, complexes, hotels, commercial buildings, and manufacturing facilities, which propels the demand for HVAC chillers. Urbanization has changed the lifestyle of the people and increased the inclination towards safety and security. Technological developments along with the modifications in government and organizational regulations for temperature control contributes towards the growth of the Chiller market. Surging disposable income, temperature concerns, and spending on comfort and luxury are a few factors that drive the growth of the chillers market.
North America Chillers Market Overview
Chillers provide cooling in residential, industrial, and commercial places. Chillers provides air conditioning in buildings with the use of chilled water. Roof top chillers usually are air cooled whereas basement chillers are water cooled. The rising humidity concerns in both developed and developing countries, and surging demand for air conditioning systems for safety and comfort are boosting developments in the chiller market across the world. HVAC chillers are widely used across the industries such as pharmaceuticals, electronics & semiconductors, aerospace & defense, food & beverages, cold storage, turbine, and leather. Thus, increased preference for district cooling systems in industries and high-rise buildings is a major factor boosting the chillers market growth. Moreover, rising adoption of HVAC chillers in commercial spaces and residential sector, growing disposable income and rapid pace of urbanization, and continuous proliferation of tourism industries in different regions contribute to the chillers market growth. The construction of new hotels and public infrastructure adds to the demand for HVAC chillers. Green building projects and third-party data centers are among the significant trends creating promising opportunities for the chillers market players. Concerns such as global warming and climatic changes are also contributing to the growth of chillers market.
North America Chillers Market Revenue and Forecast to 2030 (US$ Million)
North America Chillers Market Segmentation
The North America chillers market is segmented into technology, type, application, and country.
Based on technology, the North America chillers market is segmented into air-cooled, water-cooled, and steam-fired. The air-cooled segment held the largest share of the North America chillers market in 2022.
In terms of type, the North America chillers market is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, absorption chillers, modular chillers, and reverse cycle chillers. The screw chillers segment held the largest share of the North America chillers market in 2022.
Based on application, the North America chillers market is segmented into industrial, commercial, and residential. The industrial segment held the largest share of the North America chillers market in 2022.
Based on country, the North America chillers market is segmented into the US, Canada, and Mexico. The US dominated the North America chillers market in 2022.
LG Electronics Inc, Mitsubishi Electric Corp, Carrier Global Corp, Daikin Industries Ltd, Thermal Care, Inc, Trane Inc, Kaltra, Airedale International Air Conditioning Ltd, ClimaCool Corp, Multistack LLC, and WaterFurnace International Inc are some of the leading companies operating in the North America chillers market.
Economic Growth in Countries Across the World Drives North America Chillers Market
The improving economic conditions across the globe coupled with urbanization has led to the growth in the industrial sector. There has been a rise in the construction of medical centres, malls, complexes, hotels, commercial buildings, and manufacturing facilities, which propels the demand for HVAC chillers. Urbanization has changed the lifestyle of the people and increased the inclination towards safety and security. Technological developments along with the modifications in government and organizational regulations for temperature control contributes towards the growth of the Chiller market. Surging disposable income, temperature concerns, and spending on comfort and luxury are a few factors that drive the growth of the chillers market.
North America Chillers Market Overview
Chillers provide cooling in residential, industrial, and commercial places. Chillers provides air conditioning in buildings with the use of chilled water. Roof top chillers usually are air cooled whereas basement chillers are water cooled. The rising humidity concerns in both developed and developing countries, and surging demand for air conditioning systems for safety and comfort are boosting developments in the chiller market across the world. HVAC chillers are widely used across the industries such as pharmaceuticals, electronics & semiconductors, aerospace & defense, food & beverages, cold storage, turbine, and leather. Thus, increased preference for district cooling systems in industries and high-rise buildings is a major factor boosting the chillers market growth. Moreover, rising adoption of HVAC chillers in commercial spaces and residential sector, growing disposable income and rapid pace of urbanization, and continuous proliferation of tourism industries in different regions contribute to the chillers market growth. The construction of new hotels and public infrastructure adds to the demand for HVAC chillers. Green building projects and third-party data centers are among the significant trends creating promising opportunities for the chillers market players. Concerns such as global warming and climatic changes are also contributing to the growth of chillers market.
North America Chillers Market Revenue and Forecast to 2030 (US$ Million)
North America Chillers Market Segmentation
The North America chillers market is segmented into technology, type, application, and country.
Based on technology, the North America chillers market is segmented into air-cooled, water-cooled, and steam-fired. The air-cooled segment held the largest share of the North America chillers market in 2022.
In terms of type, the North America chillers market is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, absorption chillers, modular chillers, and reverse cycle chillers. The screw chillers segment held the largest share of the North America chillers market in 2022.
Based on application, the North America chillers market is segmented into industrial, commercial, and residential. The industrial segment held the largest share of the North America chillers market in 2022.
Based on country, the North America chillers market is segmented into the US, Canada, and Mexico. The US dominated the North America chillers market in 2022.
LG Electronics Inc, Mitsubishi Electric Corp, Carrier Global Corp, Daikin Industries Ltd, Thermal Care, Inc, Trane Inc, Kaltra, Airedale International Air Conditioning Ltd, ClimaCool Corp, Multistack LLC, and WaterFurnace International Inc are some of the leading companies operating in the North America chillers market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. NORTH AMERICA CHILLERS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
5. NORTH AMERICA CHILLERS MARKET - KEY INDUSTRY DYNAMICS
5.1 Chillers Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rising Demand from Various Industries
5.2.2 Increasing Number of Data Centres to Boost Market Growth
5.3 Market Restraints
5.3.1 Less Efficiency in Humid Environment and High Maintenance Cost
5.4 Market Opportunities
5.4.1 Economic Growth in Developing Countries Across the World
5.5 Future Trends
5.5.1 Development of IoT enabled HVAC Chillers
5.6 Impact of Drivers and Restraints:
6. CHILLERS MARKET - NORTH AMERICA MARKET ANALYSIS
6.1 Chillers Market Revenue (US$ Million), 2022 - 2030
6.2 Chillers Market Forecast and Analysis
7. NORTH AMERICA CHILLERS MARKET ANALYSIS - TECHNOLOGY
7.1 Overview
7.1.1 Chillers Market, By Technology (2022 and 2030)
7.2 Air-Cooled
7.2.1 Overview
7.2.2 Air-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Water-Cooled
7.3.1 Overview
7.3.2 Water-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Steam-Fired
7.4.1 Overview
7.4.2 Steam-Fired Market Revenue and Forecast to 2030 (US$ Million)
8. NORTH AMERICA CHILLERS MARKET ANALYSIS - TYPE
8.1 Overview
8.1.1 North America Chillers Market, By Type (2022 and 2030)
8.2 Process Chillers
8.2.1 Overview
8.2.2 Process Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Scroll Chillers
8.3.1 Overview
8.3.2 Scroll Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Screw Chillers
8.4.1 Overview
8.4.2 Screw Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.5 Centrifugal Chillers
8.5.1 Overview
8.5.2 Centrifugal Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.6 Absorption Chillers
8.6.1 Overview
8.6.2 Absorption Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.7 Modular Chillers
8.7.1 Overview
8.7.2 Modular Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.8 Reverse Cycle Chillers
8.8.1 Overview
8.8.2 Reverse Cycle Chillers Market Revenue, and Forecast to 2030 (US$ Million)
9. NORTH AMERICA CHILLERS MARKET ANALYSIS - APPLICATION
9.1 Overview
9.1.1 North America Chillers Market, By Application (2022 and 2030)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial Market Revenue and Forecast to 2030 (US$ Million)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial Market Revenue and Forecast to 2030 (US$ Million)
9.4 Residential
9.4.1 Overview
9.4.2 Residential Market Revenue and Forecast to 2030 (US$ Million)
10. NORTH AMERICA CHILLERS MARKET - COUNTRY ANALYSIS
10.1 North America
10.1.1 Overview
10.1.2 North America Chillers Market, by key country Revenue 2022 (US$ Mn)
10.1.3 North America Chillers Market Revenue and Forecasts and Analysis - By Country
10.1.3.1 North America Chillers Market Revenue and Forecasts and Analysis - By Country
10.1.3.2 US Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 United States Chillers Market Breakdown by Technology
10.1.3.2.2 United States Chillers Market Breakdown by Type
10.1.3.2.3 United States Chillers Market Breakdown by Application
10.1.3.3 Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Canada Chillers Market Breakdown by Technology
10.1.3.3.2 Canada Chillers Market Breakdown by Type
10.1.3.3.3 Canada Chillers Market Breakdown by Application
10.1.3.4 Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 Mexico Chillers Market Breakdown by Technology
10.1.3.4.2 Mexico Chillers Market Breakdown by Type
10.1.3.4.3 Mexico Chillers Market Breakdown by Application
11. COMPANY PROFILES
11.1 LG Electronics Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Mitsubishi Electric Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Carrier Global Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Daikin Industries Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Thermal Care, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Trane Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Kaltra
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Airedale International Air Conditioning Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ClimaCool Corp
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Multistack LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 WaterFurnace International Inc
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. APPENDIX
12.1 About The Insight Partners
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. NORTH AMERICA CHILLERS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
5. NORTH AMERICA CHILLERS MARKET - KEY INDUSTRY DYNAMICS
5.1 Chillers Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rising Demand from Various Industries
5.2.2 Increasing Number of Data Centres to Boost Market Growth
5.3 Market Restraints
5.3.1 Less Efficiency in Humid Environment and High Maintenance Cost
5.4 Market Opportunities
5.4.1 Economic Growth in Developing Countries Across the World
5.5 Future Trends
5.5.1 Development of IoT enabled HVAC Chillers
5.6 Impact of Drivers and Restraints:
6. CHILLERS MARKET - NORTH AMERICA MARKET ANALYSIS
6.1 Chillers Market Revenue (US$ Million), 2022 - 2030
6.2 Chillers Market Forecast and Analysis
7. NORTH AMERICA CHILLERS MARKET ANALYSIS - TECHNOLOGY
7.1 Overview
7.1.1 Chillers Market, By Technology (2022 and 2030)
7.2 Air-Cooled
7.2.1 Overview
7.2.2 Air-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Water-Cooled
7.3.1 Overview
7.3.2 Water-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Steam-Fired
7.4.1 Overview
7.4.2 Steam-Fired Market Revenue and Forecast to 2030 (US$ Million)
8. NORTH AMERICA CHILLERS MARKET ANALYSIS - TYPE
8.1 Overview
8.1.1 North America Chillers Market, By Type (2022 and 2030)
8.2 Process Chillers
8.2.1 Overview
8.2.2 Process Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Scroll Chillers
8.3.1 Overview
8.3.2 Scroll Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Screw Chillers
8.4.1 Overview
8.4.2 Screw Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.5 Centrifugal Chillers
8.5.1 Overview
8.5.2 Centrifugal Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.6 Absorption Chillers
8.6.1 Overview
8.6.2 Absorption Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.7 Modular Chillers
8.7.1 Overview
8.7.2 Modular Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.8 Reverse Cycle Chillers
8.8.1 Overview
8.8.2 Reverse Cycle Chillers Market Revenue, and Forecast to 2030 (US$ Million)
9. NORTH AMERICA CHILLERS MARKET ANALYSIS - APPLICATION
9.1 Overview
9.1.1 North America Chillers Market, By Application (2022 and 2030)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial Market Revenue and Forecast to 2030 (US$ Million)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial Market Revenue and Forecast to 2030 (US$ Million)
9.4 Residential
9.4.1 Overview
9.4.2 Residential Market Revenue and Forecast to 2030 (US$ Million)
10. NORTH AMERICA CHILLERS MARKET - COUNTRY ANALYSIS
10.1 North America
10.1.1 Overview
10.1.2 North America Chillers Market, by key country Revenue 2022 (US$ Mn)
10.1.3 North America Chillers Market Revenue and Forecasts and Analysis - By Country
10.1.3.1 North America Chillers Market Revenue and Forecasts and Analysis - By Country
10.1.3.2 US Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 United States Chillers Market Breakdown by Technology
10.1.3.2.2 United States Chillers Market Breakdown by Type
10.1.3.2.3 United States Chillers Market Breakdown by Application
10.1.3.3 Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Canada Chillers Market Breakdown by Technology
10.1.3.3.2 Canada Chillers Market Breakdown by Type
10.1.3.3.3 Canada Chillers Market Breakdown by Application
10.1.3.4 Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 Mexico Chillers Market Breakdown by Technology
10.1.3.4.2 Mexico Chillers Market Breakdown by Type
10.1.3.4.3 Mexico Chillers Market Breakdown by Application
11. COMPANY PROFILES
11.1 LG Electronics Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Mitsubishi Electric Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Carrier Global Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Daikin Industries Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Thermal Care, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Trane Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Kaltra
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Airedale International Air Conditioning Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ClimaCool Corp
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Multistack LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 WaterFurnace International Inc
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. APPENDIX
12.1 About The Insight Partners
LIST OF TABLES
Table 1. North America Chillers Market Segmentation
Table 2. Chillers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Technology
Table 4. North America Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Type
Table 5. North America Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Application
Table 6. North America Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
Table 7. United States Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 8. United States Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 9. United States Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 10. Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 11. Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 12. Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 13. Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 14. Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 15. Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 1. North America Chillers Market Segmentation
Table 2. Chillers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Technology
Table 4. North America Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Type
Table 5. North America Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Application
Table 6. North America Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
Table 7. United States Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 8. United States Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 9. United States Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 10. Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 11. Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 12. Canada Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 13. Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 14. Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 15. Mexico Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
