Nice — below is a focused, citation-backed company reference + market snapshot for the Chillers market, organised exactly to your headings. I used recent market reports, company annual results and news (2024–2025 coverage where available) so the key figures and claims are citable.

This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Chillers market.

This holistic report presented by the report is also determined to cater to all the market specific information and a take on business analysis and key growth steering best industry practices that optimize million-dollar opportunities amidst staggering competition in Chillers market.

Read complete report at: https://www.thebrainyinsights.com/report/chillers-market-12676

Chillers Market — quick snapshot (selected estimates)

• Global market size (2024–2025 range): reports cluster around USD 10.3B–12.6B (Grand View Research: USD 10.33B in 2024; Mordor Intelligence / other outlooks show USD 12.56B in 2025), with projected CAGRs ≈ 4.5–5.5% to 2030 depending on the source.

Recent Development

• Shift to low-GWP and energy-efficient designs (driven by regulation and operating-cost focus) and strong product launches in low-energy centrifugal and screw chillers. 

• OEM consolidation and supply-chain repositioning as major HVAC players reorganize portfolios and divest/non-core sales transact (several large M&A / asset-sale moves in 2023–2024 changed market footprints). 

Drivers

• Energy-efficiency regulations and building decarbonization (retrofits and new-build commercial/industrial projects).

• Growth in data centres, pharmaceuticals, chemicals and food & beverage where process cooling and high-reliability chillers are mission-critical. 

• Electrification and replacement of older centrifugal/absorption fleets (TCO and maintenance savings motivate replacements). 

Restraints

• High upfront capex for large-scale chillers (project budgets and long procurement cycles in industrial and commercial projects). 

• Supply-chain & commodity cost volatility (metals, controls, compressors) that pressure OEM margins or delay projects. 

Regional segmentation analysis

• Asia-Pacific: largest volume growth and manufacturing base — strong construction, industrial expansion and local OEM presence.

• North America & Europe: high value per unit (premium, low-GWP systems), strong retrofit markets and regulatory push for efficiency. 

Emerging Trends

• IoT / predictive maintenance / remote monitoring built into chillers (connected skid packages + service subscriptions). 

• Integration with building energy management & district cooling systems for load-shifting and peak shaving. 

Top Use Cases

• Large commercial HVAC (office towers, malls), industrial process cooling (pharma, chemicals, food processing), data centres and district cooling schemes.

Major Challenges

• Long sales cycles and project procurement complexity (engineering, site-works and O&M contracts). 

• Need to balance new refrigerant compliance (low-GWP) with efficiency and lifecycle cost. 

Attractive Opportunities

• Retrofit / repowering of ageing chiller fleets (high TAM in mature markets). 

• Service / digital offerings (SaaS-style performance guarantees, predictive maintenance subscriptions). 

• District cooling & large-scale project wins in fast-growing APAC / Middle East developments.

Key factors of market expansion

1. Regulatory push to low-GWP refrigerants and minimum efficiency standards. 

2. Industrial & data-centre growth needing reliable process cooling. 

3. OEM product innovation (variable-speed drives, hybrid systems, digital services). 

Top companies — company references & public values (selected, confirmed)

Many chillers are sold by large HVAC / industrial groups; manufacturers typically report company-level revenues (chiller-specific line items are rarely disclosed publicly). Below are the major chiller/OEM players with recent company revenue figures I confirmed.

• Carrier Global Corporation (Carrier) — Sales 2024: ~USD 22.5 billion. Carrier is a leading chiller OEM (centrifugal, screw and modular chillers) and major commercial HVAC supplier. 

• Trane Technologies (Trane / Ingersoll-Rand HVAC) — Revenue 2024: ~USD 19.8 billion. Trane is a global leader in chillers (centrifugal, screw, modular) and commercial HVAC systems. 

• Johnson Controls (York brand & commercial HVAC) — Total revenue 2024: ~USD 22.95 billion. Johnson Controls (York) is a principal supplier of large chillers and integrated HVAC solutions (note: some residential/light-commercial assets were sold in portfolio moves).

• Daikin Industries, Ltd. — Net sales FY2024: ~¥4,752.3 billion (FY2024 consolidated results; company reports in JPY). Daikin is a key global HVAC manufacturer with chillers, central systems and large commercial equipment.

• Mitsubishi Heavy Industries / Mitsubishi Electric (HVAC groups) — both report significant HVAC revenues and produce industrial chillers and large HVAC systems (MHI HVAC & M&E group revenues shown in FY2024 reporting).

• Midea / GREE / Other large Chinese OEMs — major regional producers of chillers and packaged central plants; Midea and other appliance conglomerates show large group revenues (Midea group revenue reported in company filings) and are increasing global chiller presence. (See corporate filings for exact group revenues.) 

• GEA / SPX / Kelvion / KSB / York (brands) — specialist industrial heat-transfer and process-cooling suppliers (GEA reports group revenues ~EUR 5.4B in FY2024; SPX cooling technologies are significant players in process chillers and heat exchangers).

How to interpret these numbers: the revenue figures are company-level (most public filings do not break out “chillers-only”). They show the scale of major suppliers who capture the chiller market. For chiller-specific sales or market share, I can extract segment breakdowns from each company’s annual report / investor presentation if you want a precise chiller-line table. 

Want this as a downloadable table?

I can immediately produce a one-page Excel/CSV that lists the top 12 chiller suppliers, the reported company revenues I used, and direct source links to each company’s annual report (or the market report line where I pulled the chiller market size). Say “Spreadsheet” and I’ll generate it now.