The Asia Pacific Chillers Market would witness market growth of 4.2% CAGR during the forecast period (2023-2029).
Chillers regulate the temperature in various commercial buildings, including data centers, corporate offices, public buildings, healthcare facilities, educational institutions, and warehouses, during warm weather. For example, chillers are employed in data centers to reduce the heat produced in high-density enclosed rooms. The need for continuous temperature, humidity, air purity, and air movement within data centers to prevent equipment failure and downtime is anticipated to increase product acceptance in the business sector.
Modern life's hectic pace has significantly altered people's eating behaviors. Consumers are more likely to choose frozen goods due to their ease of transport and preparation. To prevent microbial penetration in food products, effective freezing activity is necessary. Process chillers have become increasingly popular in the frozen food industry; as a result, helping to drive the market's expansion.
The Indian pharmaceutical industry is the largest provider of generic medications and one of the top makers of vaccines, accounting for 20% of the supply in terms of volume. Approximately 60,000 generic brand names are available throughout 60 therapeutic areas. Chinese and pharmaceutical companies have great opportunities to work together. The country's pharmaceutical business is growing due to factors including an aging population, rising healthcare spending per person, and rising health awareness. On the other hand, 30% of all pharmaceutical sales worldwide and 15% of medicine sales in Japan are made up of biopharmaceuticals. With the flourishing pharmaceuticals industry of the region, the need for air-conditioned storage spaces and manufacturing spaces is rising. This is estimated to support the growth of the regional market.
The China market dominated the Asia Pacific Chillers Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,740.5 million by 2029. The Japan market is exhibiting a CAGR of 3.6% during (2023 - 2029). Additionally, The India market would experience a CAGR of 4.9% during (2023 - 2029).
Based on Type, the market is segmented into Screw Chiller, Scroll Chiller, Centrifugal Chiller and Others. Based on End User, the market is segmented into Chemicals & Petrochemicals, Food & Beverages, Medical and Others. Based on Product Type, the market is segmented into Water Cooled Chiller and Air Cooled Chiller. Based on Power Range, the market is segmented into More than 200 kW, 50-200 kW and Less than 50 kW. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Chillers Market is Projected to reach USD 13.2 Billion by 2029, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries, Ltd., Dimplex Thermal Solutions, Inc. (GlenDimplex), LG Electronics (LG Corporation), Johnson Controls International PLC, PolyScience (Preston Industries, Inc.), Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.), Thermax Limited and Trane Technologies PLC.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Screw Chiller
- Scroll Chiller
- Centrifugal Chiller
- Others
By End User
- Chemicals & Petrochemicals
- Food & Beverages
- Medical
- Others
By Product Type
- Water Cooled Chiller
- Air Cooled Chiller
By Power Range
- More than 200 kW
- 50-200 kW
- Less than 50 kW
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Carrier Global Corporation
- Mitsubishi Electric Corporation
- Daikin Industries, Ltd.
- Dimplex Thermal Solutions, Inc. (GlenDimplex)
- LG Electronics (LG Corporation)
- Johnson Controls International PLC
- PolyScience (Preston Industries, Inc.)
- Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.)
- Thermax Limited
- Trane Technologies PLC
TABLE 1 Asia Pacific Chillers Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Chillers Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Chillers Market
TABLE 4 Product Launches And Product Expansions– Chillers Market
TABLE 5 Acquisition and Mergers– Chillers Market
TABLE 6 Geographical Expansions– Chillers Market
TABLE 7 Asia Pacific Chillers Market by Type, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Chillers Market by Type, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Screw Chiller Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Screw Chiller Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Scroll Chiller Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Scroll Chiller Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Centrifugal Chiller Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Centrifugal Chiller Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Chillers Market by End User, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Chillers Market by End User, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Chemicals & Petrochemicals Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Chemicals & Petrochemicals Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Food & Beverages Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Medical Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Medical Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 27 Asia Pacific Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 29 Asia Pacific Water Cooled Chiller Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Water Cooled Chiller Market by Country, 2023 - 2029, USD Million
TABLE 31 Asia Pacific Air Cooled Chiller Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Air Cooled Chiller Market by Country, 2023 - 2029, USD Million
TABLE 33 Asia Pacific Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 35 Asia Pacific More than 200 kW Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific More than 200 kW Market by Country, 2023 - 2029, USD Million
TABLE 37 Asia Pacific 50-200 kW Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific 50-200 kW Market by Country, 2023 - 2029, USD Million
TABLE 39 Asia Pacific Less than 50 kW Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Less than 50 kW Market by Country, 2023 - 2029, USD Million
TABLE 41 Asia Pacific Chillers Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Chillers Market by Country, 2023 - 2029, USD Million
TABLE 43 China Chillers Market, 2019 - 2022, USD Million
TABLE 44 China Chillers Market, 2023 - 2029, USD Million
TABLE 45 China Chillers Market by Type, 2019 - 2022, USD Million
TABLE 46 China Chillers Market by Type, 2023 - 2029, USD Million
TABLE 47 China Chillers Market by End User, 2019 - 2022, USD Million
TABLE 48 China Chillers Market by End User, 2023 - 2029, USD Million
TABLE 49 China Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 50 China Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 51 China Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 52 China Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 53 Japan Chillers Market, 2019 - 2022, USD Million
TABLE 54 Japan Chillers Market, 2023 - 2029, USD Million
TABLE 55 Japan Chillers Market by Type, 2019 - 2022, USD Million
TABLE 56 Japan Chillers Market by Type, 2023 - 2029, USD Million
TABLE 57 Japan Chillers Market by End User, 2019 - 2022, USD Million
TABLE 58 Japan Chillers Market by End User, 2023 - 2029, USD Million
TABLE 59 Japan Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 60 Japan Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 61 Japan Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 62 Japan Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 63 India Chillers Market, 2019 - 2022, USD Million
TABLE 64 India Chillers Market, 2023 - 2029, USD Million
TABLE 65 India Chillers Market by Type, 2019 - 2022, USD Million
TABLE 66 India Chillers Market by Type, 2023 - 2029, USD Million
TABLE 67 India Chillers Market by End User, 2019 - 2022, USD Million
TABLE 68 India Chillers Market by End User, 2023 - 2029, USD Million
TABLE 69 India Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 70 India Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 71 India Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 72 India Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 73 South Korea Chillers Market, 2019 - 2022, USD Million
TABLE 74 South Korea Chillers Market, 2023 - 2029, USD Million
TABLE 75 South Korea Chillers Market by Type, 2019 - 2022, USD Million
TABLE 76 South Korea Chillers Market by Type, 2023 - 2029, USD Million
TABLE 77 South Korea Chillers Market by End User, 2019 - 2022, USD Million
TABLE 78 South Korea Chillers Market by End User, 2023 - 2029, USD Million
TABLE 79 South Korea Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 80 South Korea Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 81 South Korea Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 82 South Korea Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 83 Singapore Chillers Market, 2019 - 2022, USD Million
TABLE 84 Singapore Chillers Market, 2023 - 2029, USD Million
TABLE 85 Singapore Chillers Market by Type, 2019 - 2022, USD Million
TABLE 86 Singapore Chillers Market by Type, 2023 - 2029, USD Million
TABLE 87 Singapore Chillers Market by End User, 2019 - 2022, USD Million
TABLE 88 Singapore Chillers Market by End User, 2023 - 2029, USD Million
TABLE 89 Singapore Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 90 Singapore Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 91 Singapore Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 92 Singapore Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 93 Malaysia Chillers Market, 2019 - 2022, USD Million
TABLE 94 Malaysia Chillers Market, 2023 - 2029, USD Million
TABLE 95 Malaysia Chillers Market by Type, 2019 - 2022, USD Million
TABLE 96 Malaysia Chillers Market by Type, 2023 - 2029, USD Million
TABLE 97 Malaysia Chillers Market by End User, 2019 - 2022, USD Million
TABLE 98 Malaysia Chillers Market by End User, 2023 - 2029, USD Million
TABLE 99 Malaysia Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 100 Malaysia Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 101 Malaysia Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 102 Malaysia Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 103 Rest of Asia Pacific Chillers Market, 2019 - 2022, USD Million
TABLE 104 Rest of Asia Pacific Chillers Market, 2023 - 2029, USD Million
TABLE 105 Rest of Asia Pacific Chillers Market by Type, 2019 - 2022, USD Million
TABLE 106 Rest of Asia Pacific Chillers Market by Type, 2023 - 2029, USD Million
TABLE 107 Rest of Asia Pacific Chillers Market by End User, 2019 - 2022, USD Million
TABLE 108 Rest of Asia Pacific Chillers Market by End User, 2023 - 2029, USD Million
TABLE 109 Rest of Asia Pacific Chillers Market by Product Type, 2019 - 2022, USD Million
TABLE 110 Rest of Asia Pacific Chillers Market by Product Type, 2023 - 2029, USD Million
TABLE 111 Rest of Asia Pacific Chillers Market by Power Range, 2019 - 2022, USD Million
TABLE 112 Rest of Asia Pacific Chillers Market by Power Range, 2023 - 2029, USD Million
TABLE 113 Key Information – Carrier Global Corporation
TABLE 114 Key Information – Trane Technologies PLC
TABLE 115 key information – Mitsubishi Electric Corporation
TABLE 116 Key information – Daikin Industries, Ltd.
TABLE 117 Key Information – Dimplex Thermal Solutions, Inc.
TABLE 118 Key Information – Johnson Controls International PLC
TABLE 119 Key information – LG Electronics, Inc.
TABLE 120 Key Information – Thermax Limited
TABLE 121 Key Information – PolyScience
TABLE 122 Key Information – Smardt Chiller Group Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions: 2020, Aug – 2023, Feb) Leading Players
FIG 6 Asia Pacific Chillers Market Share by Type, 2022
FIG 7 Asia Pacific Chillers Market Share by Type, 2029
FIG 8 Asia Pacific Chillers Market by Type, 2019 - 2029, USD Million
FIG 9 Asia Pacific Chillers Market Share by End User, 2022
FIG 10 Asia Pacific Chillers Market Share by End User, 2029
FIG 11 Asia Pacific Chillers Market by End User, 2019 - 2029, USD Million
FIG 12 Asia Pacific Chillers Market Share by Product Type, 2022
FIG 13 Asia Pacific Chillers Market Share by Product Type, 2029
FIG 14 Asia Pacific Chillers Market by Product Type, 2019 - 2029, USD Million
FIG 15 Asia Pacific Chillers Market Share by Power Range, 2022
FIG 16 Asia Pacific Chillers Market Share by Power Range, 2029
FIG 17 Asia Pacific Chillers Market by Power Range, 2019 - 2029, USD Million
FIG 18 Asia Pacific Chillers Market Share by Country, 2022
FIG 19 Asia Pacific Chillers Market Share by Country, 2029
FIG 20 Asia Pacific Chillers Market by Country, 2019 - 2029, USD Million
FIG 21 Recent strategies and developments: Carrier Global Corporation
FIG 22 Recent strategies and developments: Trane Technologies PLC
FIG 23 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 24 SWOT Analysis: Mitsubishi Electric Corporation
FIG 25 Recent strategies and developments: Daikin Industries, Ltd.
FIG 26 swot analsyis: Johnson controls international plc
FIG 27 Swot analysis: LG Corporation