South Korea Chillers Market Size & Outlook, 2026-2033
Global Market
Related Markets
South Korea chillers market highlights
- The South Korea chillers market generated a revenue of USD 324.6 million in 2025 and is expected to reach USD 476.0 million by 2033.
- The South Korea market is expected to grow at a CAGR of 4.94% 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 324.6 million |
| Market revenue in 2033 | USD 476.0 million |
| Growth rate | 4.94% (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, South Korea accounted for 2.9% 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.
In semiconductor manufacturing and research facilities chillers are used to lower the temperature of the work environment by removing the heat produced by exothermic processes in semiconductor industry. It is also used to supply cold air that can reduce the equipment temperature.
In March 2023, South Korea’s government has passed the K-Chips act that would increase the tax credit from 8% to 15 % for big corporates interested to invest in manufacturing facilities.
This act is likely to attract more domestic investment in the semiconductor manufacturing industry. Hence, with the growth in manufacturing operations &production, the demand for Chillers to maintain efficiency of the semiconductor manufacturing facility is anticipated to grow over the forecast period.
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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/ |
South Korea 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 61.31% in 2025.
Horizon Databook has segmented the South Korea chillers market based on air-cooled, water-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
In semiconductor manufacturing and research facilities chillers are used to lower the temperature of the work environment by removing the heat produced by exothermic processes in semiconductor industry. It is also used to supply cold air that can reduce the equipment temperature.
In March 2023, South Korea’s government has passed the K-Chips act that would increase the tax credit from 8% to 15 % for big corporates interested to invest in manufacturing facilities.
This act is likely to attract more domestic investment in the semiconductor manufacturing industry. Hence, with the growth in manufacturing operations &production, the demand for Chillers to maintain efficiency of the semiconductor manufacturing facility is anticipated to grow over the forecast period.
- South Korea Chillers Market Product Outlook (Revenue, USD Million , 2021-2033)
- Air-Cooled
- Water-Cooled
- South Korea Chillers Market Compressor Type Outlook (Revenue, USD Million , 2021-2033)
- Absorption Chillers
- Scroll Chillers
- Screw Chillers
- Centrifugal Chillers
- Reciprocating Chillers
- South Korea 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 South Korea Chillers Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Chillers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Chillers Market, 2021-2033 (US$M)
South Korea chillers market statistics, by product, 2021-2033 (US$M)
