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Redding, California - January 15, 2026

Industrial Chillers Market to be Worth $9.7 Billion by 2035

Industrial Chillers Market Size, Share, Forecast, & Trends Analysis by Cooling Type (Air-cooled Chillers, Water-cooled Chillers), Compressor Type (Scroll Chillers, Absorption Chillers), Capacity, End User (Chemical & Petrochemical, Pharmaceuticals) and Geography - Global Forecast to 2035


Meticulous Research®—a leading market research company, published a research report titled, Industrial Chillers Market Size, Share, Forecast, & Trends Analysis by Cooling Type (Air-cooled Chillers, Water-cooled Chillers), Compressor Type (Scroll Chillers, Absorption Chillers), Capacity, End User (Chemical & Petrochemical, Pharmaceuticals) and Geography - Global Forecast to 2035”

According to this latest publication from Meticulous Research®, the industrial chillers market is projected to reach $9.7 billion by 2035, at a CAGR of 4.5% from 2025 to 2035. The growth of the industrial chillers market is driven by the surge in adoption of modular chillers, rising utilization of process cooling in industrial applications, and increasing demand for water-cooled chillers. However, the market growth is restrained by the high setup costs associated with industrial chillers.

Moreover, the growing need for absorption chillers and the rising demand for modular and scalable chiller systems are expected to generate growth opportunities for market stakeholders. High maintenance costs associated with industrial chillers pose challenges to the growth of the market. Additionally, the growing demand for air-cooled chillers in data centers and the rising focus on smart and connected chillers are prominent trends in the industrial chillers market.

The industrial chillers market is segmented by Cooling Type, Compressor Type, Capacity, Refrigerant Type, Sales Channel, and End User. The report also evaluates industry competitors and analyzes the industrial chillers market at the regional and country levels.

Among the cooling types studied in this report, in 2025, the water-cooled chillers segment dominated the industrial chillers market with a share of 57.3%. The increasing demand for energy-efficient cooling systems, growing adoption of water-cooled chillers in the chemicals and petrochemicals industries, rising need for water-cooled chillers in large-scale data centers and pharmaceutical manufacturing facilities, and advantages offered by water-cooled chillers such as high energy efficiency, superior heat transfer capabilities, longer lifespan, improved cooling performance, and enhanced temperature control are factors contributing to the segment's dominant position in the industrial chillers market.

Among the compressor types studied in this report, in 2025, the screw chillers segment dominated the industrial chillers market with a share of 31.2%. The broad capacity coverage and load-following reliability offered by screw compressors, widespread adoption in chemical, plastics, and medium-sized industrial installations, and ability to provide continuous operation at high thermal loads are factors contributing to the segment's dominant position in the industrial chillers market.

Among the capacities studied in this report, in 2025, the 101-500kW segment dominated the industrial chillers market with a share of 36.2%. The versatility and wide usage across major industrial and commercial applications, optimal balance between cooling power, energy efficiency, and capital cost, suitability for medium to large-scale manufacturing operations including plastics processing, food and beverage production, pharmaceuticals, chemicals, metalworking, and data centers, and expanding industrial automation are factors contributing to the segment's dominant position in the industrial chillers market.

Among the refrigerant types studied in this report, in 2025, the R-410A segment dominated the industrial chillers market with a share of 18%. The strong historical adoption, high cooling efficiency, proven performance across a wide range of industrial and commercial applications, superior thermodynamic properties, higher heat-transfer efficiency, and well-established supply chain of components, compressors, and service expertise are factors contributing to the segment's dominant position in the industrial chillers market.

Among the sales channels studied in this report, in 2025, the direct to end user segment dominated the industrial chillers market with a share of 37.8%. Large industrial customers preferring direct purchases from manufacturers to secure customized solutions, higher reliability, and strong after-sales support, specific process cooling needs requiring direct engagement for tailored system design, and streamlined pricing, service contracts, and maintenance arrangements are factors contributing to the segment's dominant position in the industrial chillers market.

Among the end users studied in this report, in 2025, the chemical & petrochemical segment dominated the industrial chillers market with a share of 25.0%. The highest and most continuous demand for process cooling across large-scale production operations, chemical reactions, polymerization, distillation, and refining processes generating significant heat requiring precise temperature control, 24/7 production cycles requiring large-capacity, high-reliability chilling systems, and multiple temperature zones and heavy-duty cooling loads are factors contributing to the segment's dominant position in the industrial chillers market.

Among geographies, in 2025, Asia-Pacific dominated the industrial chillers market with a share of 41.4%. The large share of this regional market is attributed to factors such as rapid industrialization, urbanization, and increased demand for cooling solutions across China, India, Japan, and Southeast Asian nations, manufacturing expansion, data center construction, and infrastructure development creating significant demand for process cooling systems, and investments by leading global manufacturers and domestic players in the region.

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Key questions answered in the report-

  • Which are the high-growth market segments in terms of industrial chillers by cooling type, compressor type, capacity, refrigerant type, sales channel, end user, and geography?
  • What was the historical market for industrial chillers across the globe?
  • What are the market forecasts and estimates for the period 2025–2035?
  • What are the major drivers, restraints, opportunities, and challenges in the industrial chillers market?
  • Who are the major players operating in the industrial chillers market?
  • What is the competitive landscape like, and who are the leaders in the industrial chillers market?
  • What are the recent developments in the industrial chillers market?
  • What are the different strategies adopted by the major players in the industrial chillers market?
  • What are the geographical trends and high-growth regions/countries?

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