South Africa Chillers Market Size & Outlook, 2024-2030
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South Africa chillers market highlights
- The South Africa chillers market generated a revenue of USD 123.0 million in 2023 and is expected to reach USD 171.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, water-cooled was the largest revenue generating by product in 2023.
- Air-Cooled is the most lucrative by product segment registering the fastest growth during the forecast period.
Chillers market data book summary
| Market revenue in 2023 | USD 123.0 million |
| Market revenue in 2030 | USD 171.2 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-Cooled, Air-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, South Africa accounted for 1.2% of the global chillers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia chillers market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 334.0 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rite-Temp | View profile | 11-50 | Dalton, Pennsylvania, United States, North America | https://rite-temp.com |
| General Air Products | View profile | 101-250 | Exton, Pennsylvania, United States, North America | https://www.generalairproducts.com/ |
| Fluid Chillers | View profile | - | Lansing, Michigan, United States, North America | https://www.fluidchillers.com/ |
| ClimaCool | View profile | 11-50 | Oklahoma City, Oklahoma, United States, North America | http://www.climacoolcorp.com/ |
| Rite-Hite | View profile | 1001-5000 | Milwaukee, Wisconsin, United States, North America | https://www.ritehite.com |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
South Africa 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 will help companies and investors design strategic landscapes.
Water-cooled was the largest segment with a revenue share of 63.01% in 2024. Horizon Databook has segmented the South Africa chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa has by far the most advanced, fruitful, and varied agricultural industry in all of Africa. Due to its highly developed agricultural industry, hence exporting agricultural produce and food items across the globe. In March 2023, the Conversation, a network of nonprofit media outlets reported that, South African exports pertaining to the agricultural sector has been growing from 2019.
The major export crops are maize, citrus fruits, apples, avocados, and berries. Also, beef exports witnessed growth in last year and the overall agricultural export reached to USD 12.8 billion in 2022, a rise by 4% from previous year.
To improve the shelf life of these perishable agricultural produce, there is a need for effective cold storage and transport systems. Chillers offer cost-effective solutions to these problems pertaining to cold supply chain effectiveness, and hence their demand is likely to increase over the forecast period.
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa chillers market , including forecasts for subscribers. This country databook contains high-level insights into South Africa chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa chillers market size, by by product, 2018-2030 (US$M)
South Africa Chillers Market Outlook Share, 2024 & 2030 (US$M)
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