Global HVAC Chillers Market Size, Share, Growth, Trend & Forecast 2026

by Mack Nene SEO | Digital Marketing

Global HVAC chillers market is expected to grow at a steady CAGR during the forecast period. The global HVAC chillers market is driven by upsurge in count of skyscrapers globally since chillers are widely used in the cooling and ventilation of skyscrapers. Growing tourism industry across the world has improved the construction of hotels and public infrastructure, where HVAC chillers can be widely utilized, which is positively impacting the growth of market during the forecast period. Additionally, growing preference for district cooling systems in many industries and high-rise buildings is expected to bolster the growth of market over the next few years.

The global HVAC chillers market is segmented based on product type, end-user, company, and region. Based on product type, the market has been segmented into screw chillers, scroll chillers, centrifugal chillers, and others. The screw chillers segment dominated the market in 2020 and is anticipated to maintain its dominance over the next five years as well owing to its major applications/properties like minimum sound emission and high output. Based on region, the APAC region led the overall HVAC chillers market and is projected to lead the market during the forecast period as well owing to increasing data centers, hotels, and office spaces.

The major players operating in the HVAC chillers market are Daikin Industries, Ingersoll Rand, Johnson Controls, LG Electronics, Mitsubishi Electric, United Technologies, Climaveneta S.p.A., Airedale Air Conditioning, Jiangsu Shuangliang Eco-Energy Co.Ltd. and others.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

To analyze and estimate the market size of global HVAC chillers market from 2016 to 2019.
To estimate and forecast the market size of global HVAC chillers market from 2020 to 2026 and growth rate until 2026.
To classify and forecast global HVAC chillers market based on product type, end-user, company, and regional distribution.
To identify dominant region or segment in the global HVAC chillers market.
To identify drivers and challenges for global HVAC chillers market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global HVAC chillers market.
To conduct pricing analysis for global HVAC chillers market.
To identify and analyze the profile of leading players operating in global HVAC chillers market.
To identify key sustainable strategies adopted by market players in global HVAC chillers market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global HVAC Chillers market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

HVAC chillers manufacturers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to HVAC chillers

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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