Canada Chillers Market Size & Outlook, 2026-2033
Global Market
Related Markets
Canada chillers market highlights
- The Canada chillers market generated a revenue of USD 282.3 million in 2025 and is expected to reach USD 386.6 million by 2033.
- The Canada market is expected to grow at a CAGR of 4.01% from 2026 to 2033.
- In terms of segment, water-cooled was the largest revenue generating product in 2025.
- Air-Cooled is the most lucrative product segment registering the fastest growth during the forecast period.
Chillers market data book summary
| Market revenue in 2025 | USD 282.3 million |
| Market revenue in 2033 | USD 386.6 million |
| Growth rate | 4.01% (CAGR from 2026 to 2033) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air-Cooled, Water-Cooled |
| Key market players worldwide | Trane Technologies PLC Class A, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Johnson Controls International PLC, Rite-Hite, Air Products & Chemicals Inc, Honeywell International Inc, ClimaCool, Fluid Chillers, General Air Products, Rite-Temp |
Other key industry trends
- In terms of revenue, Canada accounted for 2.5% of the global chillers market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. chillers market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,752.5 million by 2033.
According to the World Economic Outlook of the International Monetary Fund (IMF), the GDP growth rate of Canada was 4.6% in 2021 owing to improved trade terms of the country with its trade partners. Moreover, the reopening of the U.S. economy had a positive impact on the economy of Canada owing to the surging exchange of goods and services between both countries.
Chillers market in Canada is growing owing to the flourishing construction industry in the country. The growth of the construction industry in Canada can be attributed to the surged demand for residential, commercial, and industrial spaces in the country.
As per Statistics Canada, the Canadian government is actively promoting innovation in the construction industry through initiatives like the Housing Supply Challenge. With a budget of USD 300 million, this fund is aiding projects nationwide aimed at enhancing productivity within Canada's construction sector.
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Publish Date: Jul 01, 2026
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Air Products & Chemicals Inc | View profile | 23,000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | www.airproducts.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Daikin Industries Ltd | View profile | 107,127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | www.daikin.com |
| Carrier Global Corp Ordinary Shares | View profile | 53,000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | www.corporate.carrier.com |
| Trane Technologies PLC Class A | View profile | 40,000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | www.tranetechnologies.com |
| Rite-Hite | View profile | 1001-5000 | Milwaukee, Wisconsin, United States, North America | www.ritehite.com |
| ClimaCool | View profile | 11-50 | Oklahoma City, Oklahoma, United States, North America | www.climacoolcorp.com/ |
| Fluid Chillers | View profile | - | Lansing, Michigan, United States, North America | www.fluidchillers.com/ |
| General Air Products | View profile | 101-250 | Exton, Pennsylvania, United States, North America | www.generalairproducts.com/ |
Canada Chillers Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Chillers Market Outlook will help companies and investors design strategic landscapes.
Water-Cooled was the largest segment with a revenue share of 61.32% in 2025.
Horizon Databook has segmented the Canada chillers market based on air-cooled, water-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
According to the World Economic Outlook of the International Monetary Fund (IMF), the GDP growth rate of Canada was 4.6% in 2021 owing to improved trade terms of the country with its trade partners. Moreover, the reopening of the U.S. economy had a positive impact on the economy of Canada owing to the surging exchange of goods and services between both countries.
Chillers market in Canada is growing owing to the flourishing construction industry in the country. The growth of the construction industry in Canada can be attributed to the surged demand for residential, commercial, and industrial spaces in the country.
As per Statistics Canada, the Canadian government is actively promoting innovation in the construction industry through initiatives like the Housing Supply Challenge. With a budget of USD 300 million, this fund is aiding projects nationwide aimed at enhancing productivity within Canada's construction sector.
- Canada Chillers Market Product Outlook (Revenue, USD Million , 2021-2033)
- Air-Cooled
- Water-Cooled
- Canada Chillers Market Compressor Type Outlook (Revenue, USD Million , 2021-2033)
- Absorption Chillers
- Scroll Chillers
- Screw Chillers
- Centrifugal Chillers
- Reciprocating Chillers
- Canada Chillers Market Application Outlook (Revenue, USD Million , 2021-2033)
- Industrial
- Residential
- Commercial
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Chillers Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Chillers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Chillers Market, 2021-2033 (US$M)
Canada chillers market statistics, by product, 2021-2033 (US$M)
