Thailand Chillers Market Size & Outlook, 2026-2033
Global Market
Related Markets
Thailand chillers market highlights
- The Thailand chillers market generated a revenue of USD 211.0 million in 2025 and is expected to reach USD 328.1 million by 2033.
- The Thailand market is expected to grow at a CAGR of 6.26% 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 211.0 million |
| Market revenue in 2033 | USD 328.1 million |
| Growth rate | 6.26% (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, Thailand accounted for 1.9% 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.
Thailand has been experiencing a robust economic expansion driven by increased industrial activities, infrastructure development, and urbanization. This economic growth contributes to establishing new manufacturing facilities, commercial spaces, and residential complexes.
According to the statistics published by Council on tall buildings and urban habitat in 2022, Bangkok is the 6th tallest city in Asia and invested heavily in the construction of commercial buildings.
The report observed that construction of a total of 4 commercial spaces with a height more than 150 meters got completed in 2023. Further, the under construction building projects are expected to generate demand for cold and dehumidified air supply 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/ |
Thailand 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 61.28% in 2025.
Horizon Databook has segmented the Thailand chillers market based on air-cooled, water-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
Thailand has been experiencing a robust economic expansion driven by increased industrial activities, infrastructure development, and urbanization. This economic growth contributes to establishing new manufacturing facilities, commercial spaces, and residential complexes.
According to the statistics published by Council on tall buildings and urban habitat in 2022, Bangkok is the 6th tallest city in Asia and invested heavily in the construction of commercial buildings.
The report observed that construction of a total of 4 commercial spaces with a height more than 150 meters got completed in 2023. Further, the under construction building projects are expected to generate demand for cold and dehumidified air supply over the forecast period.
- Thailand Chillers Market Product Outlook (Revenue, USD Million , 2021-2033)
- Air-Cooled
- Water-Cooled
- Thailand Chillers Market Compressor Type Outlook (Revenue, USD Million , 2021-2033)
- Absorption Chillers
- Scroll Chillers
- Screw Chillers
- Centrifugal Chillers
- Reciprocating Chillers
- Thailand 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 Thailand Chillers Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Thailand Chillers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Thailand Chillers Market, 2021-2033 (US$M)
Thailand chillers market statistics, by product, 2021-2033 (US$M)
