United States of America– 17 Oct 2025- The Insight Partners is proud to announce its newest market report, "An In-depth Analysis of the HVAC Chillers Market". The report provides a holistic view of the markets and describes the current scenario as well as growth estimates of the market during the forecast period.
Overview of HVAC Chillers Market
There has been some development in the HVAC Chillers Market, such as growth and decline, shifting dynamics, etc. This report provides insight into the driving forces behind this change, technological advancements, regulatory changes, and changes in consumer preference.
Key findings and insights
Market Size and Growth
- Historical Data: The HVAC chillers market size is projected to reach US$ 15,102.47 million by 2031 from US$ 10,154.41 million in 2023. The market is expected to register a CAGR of 5.1% during 2023–2031. These provide valuable insights into the market's dynamics and can be used to inform future projections.
- Key factors: Key factors affecting the HVAC chillers market include increasing government spending on construction activities that drives demand for temperature control solutions, rapid urbanization, rising disposable incomes, and growing industrial and residential construction. Environmental regulations are pushing adoption of eco-friendly chillers with low global warming potential (GWP) refrigerants, stimulating innovation in energy-efficient and sustainable designs. Technological advancements like AI integration for smart chillers, magnetic bearing compressors, and variable frequency drives enhance performance and energy savings. Fluctuations in raw material costs, such as copper and refrigerants, impact manufacturing and pricing.
HVAC Chillers Market Segmentation
By Technology
- Air-Cooled
- Water-Cooled
- Steam-Fired
By Type
- Process Chillers
- Scroll Chillers
- Screw Chillers
- Centrifugal Chillers
- Absorption Chillers
By Application
- Commercial
- Industrial
- Residential
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients get solutions to their research requirements through our syndicated and consulting research services. We specialize in semiconductor and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, and chemicals and materials.
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