China Chillers Market Size & Outlook, 2026-2033
Global Market
Related Markets
China chillers market highlights
- The China chillers market generated a revenue of USD 1,985.8 million in 2025 and is expected to reach USD 3,234.8 million by 2033.
- The China market is expected to grow at a CAGR of 6.29% 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 1,985.8 million |
| Market revenue in 2033 | USD 3,234.8 million |
| Growth rate | 6.29% (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, China accounted for 17.8% of the global chillers market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China chillers market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 817.9 million by 2033.
The high urbanization rate reflects the growth in commercial, industrial, and residential building construction sectors. For example, in January 2022 Shanghai Pudong International Airport’s expansion entered into fourth phase and after completion of its expansion, the airport is likely to facilitate annual passenger throughput of 130 million passengers in 2030.
Such new commercial construction measures are likely to generate demand for cool air. Chillers are commonly used in commercial, industrial, and residential buildings to provide cooling for air conditioning systems. Hence with the growth in commercial construction, the demand for air conditioning system is likely to witness growth, which ultimately creating demand for chillers in the market.
China comes under the top 3 most populous countries in the world and its’ rapid economic growth has led to an increase in healthcare spending. Due to these factors the demand as well as manufacturing of various medicines is rising in China. Moreover, pharmaceutical companies are grabbing the Chinese market opportunities by showing confidence in the investment & expansion of their facilities in China.
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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/ |
China 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 64.98% in 2025.
Horizon Databook has segmented the China chillers market based on air-cooled, water-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
The high urbanization rate reflects the growth in commercial, industrial, and residential building construction sectors. For example, in January 2022 Shanghai Pudong International Airport’s expansion entered into fourth phase and after completion of its expansion, the airport is likely to facilitate annual passenger throughput of 130 million passengers in 2030.
Such new commercial construction measures are likely to generate demand for cool air. Chillers are commonly used in commercial, industrial, and residential buildings to provide cooling for air conditioning systems. Hence with the growth in commercial construction, the demand for air conditioning system is likely to witness growth, which ultimately creating demand for chillers in the market.
China comes under the top 3 most populous countries in the world and its’ rapid economic growth has led to an increase in healthcare spending. Due to these factors the demand as well as manufacturing of various medicines is rising in China. Moreover, pharmaceutical companies are grabbing the Chinese market opportunities by showing confidence in the investment & expansion of their facilities in China.
- China Chillers Market Product Outlook (Revenue, USD Million , 2021-2033)
- Air-Cooled
- Water-Cooled
- China Chillers Market Compressor Type Outlook (Revenue, USD Million , 2021-2033)
- Absorption Chillers
- Scroll Chillers
- Screw Chillers
- Centrifugal Chillers
- Reciprocating Chillers
- China 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 China Chillers Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Chillers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
China Chillers Market, 2021-2033 (US$M)
China chillers market statistics, by product, 2021-2033 (US$M)
