Saudi Arabia Chillers Market Size & Outlook, 2026-2033
Global Market
Related Markets
Saudi Arabia chillers market highlights
- The Saudi Arabia chillers market generated a revenue of USD 252.3 million in 2025 and is expected to reach USD 406.5 million by 2033.
- The Saudi Arabia market is expected to grow at a CAGR of 6.08% 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 252.3 million |
| Market revenue in 2033 | USD 406.5 million |
| Growth rate | 6.08% (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, Saudi Arabia accounted for 2.3% of the global chillers market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Middle East & Africa, Saudi Arabia chillers market is projected to lead the regional market in terms of revenue in 2033.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 406.5 million by 2033.
In November 2023, Saudi Arabia’s mega project NEOM proclaimed to upscale the coastal destination in the northwest Saudi Arabia by unveiling two futuristic coastal skyscrapers. It involves construction of two skyscrapers with approximate heights of 225 meters and 275 meters, housing a premium of 41-hotels, 14-suites, and apartments.
In addition to that, the Saudi Arabian government has been focusing on its Vision 2030, where the government is giving more emphasis on the construction of airports, hospitals, and universities. Chillers are used to supply cold and dehumidified air to these commercial setups. Hence the growth in commercial construction has created a strong demand for chillers in Saudi Arabia.
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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/ |
Saudi Arabia 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 66.23% in 2025.
Horizon Databook has segmented the Saudi Arabia chillers market based on air-cooled, water-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
In November 2023, Saudi Arabia’s mega project NEOM proclaimed to upscale the coastal destination in the northwest Saudi Arabia by unveiling two futuristic coastal skyscrapers. It involves construction of two skyscrapers with approximate heights of 225 meters and 275 meters, housing a premium of 41-hotels, 14-suites, and apartments.
In addition to that, the Saudi Arabian government has been focusing on its Vision 2030, where the government is giving more emphasis on the construction of airports, hospitals, and universities. Chillers are used to supply cold and dehumidified air to these commercial setups. Hence the growth in commercial construction has created a strong demand for chillers in Saudi Arabia.
- Saudi Arabia Chillers Market Product Outlook (Revenue, USD Million , 2021-2033)
- Air-Cooled
- Water-Cooled
- Saudi Arabia Chillers Market Compressor Type Outlook (Revenue, USD Million , 2021-2033)
- Absorption Chillers
- Scroll Chillers
- Screw Chillers
- Centrifugal Chillers
- Reciprocating Chillers
- Saudi Arabia 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 Saudi Arabia Chillers Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Chillers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Saudi Arabia Chillers Market, 2021-2033 (US$M)
Saudi Arabia chillers market statistics, by product, 2021-2033 (US$M)
