US Chillers Industry Size

The report "US Chillers Market by Type (Scroll, Screw, Centrifugal, Reciprocating, Absorption), Medium (Air Cooled, Water Cooled, Liquid Coolant), End-Use Industry (Commercial, Plastics, Food & Beverage, Chemicals, Pharmaceuticals) - Forecast to 2031", is projected to grow from USD 1.57 billion in 2026 and to reach USD 1.93 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period.

Browse 250 market data Tables and 50 Figures spread through 212 Pages and in-depth TOC on "US Chillers Market by Type (Scroll, Screw, Centrifugal, Reciprocating, Absorption), Medium (Air Cooled, Water Cooled, Liquid Coolant), End-Use Industry (Commercial, Plastics, Food & Beverage, Chemicals, Pharmaceuticals) - Forecast to 2031"
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The growth of the US chiller industry has risen significantly in the U.S. due to increased levels of construction activity in industrial, commercial, and residential sectors. Increasing numbers of construction projects have created a greater need for chiller systems within HVAC construction applications. New developments in the cooling technology market (i.e., advances in cooling technologies) have drawn significant attention toward solving problems associated with the Chiller market in the US. The pharmaceutical and technology industries have contributed to increasing demand for chillers used in both the management of temperature in data centers and for medical facilities, where temperature regulation is of utmost importance. Furthermore, stringent environmental regulations requiring the replacement of outdated chiller systems are increasing the demand for chillers. As such, the market opportunities associated with producing environmentally-friendly chillers (as stricter environmental regulations are implemented) are of considerable interest to manufacturers. Nevertheless, one major constraint facing the chiller market has been the considerable initial capital required to purchase and install chiller systems and the continued complexity of installing and maintaining chiller systems. In addition, there are still challenges associated with high levels of energy consumption and compliance with evolving refrigerant regulations.

“Water-cooled chillers segment led the US chillers market in 2025.”

The US chiller market is primarily made up of water-cooled chillers because they are much more energy-efficient and are capable of producing a high volume of cooled water, making them ideal for larger facilities. Commonly set up in places such as office buildings, hospitals, data centers, colleges/universities, airports, manufacturing plants, or district cooling systems. The operational efficiency of water-cooled chillers is much higher than that of air-cooled chillers when they are being used in systems with large capacities, resulting in savings in lifecycle operating costs due to the much higher capital cost of purchasing water-cooled chillers. The increasing push for energy conservation, sustainability, and compliance with stringent building codes has also aided in the increasing use of water-cooled chillers. In the US, the number of existing large commercial buildings with cooling towers is significant; therefore, many of these buildings use water-cooled chillers as replacement or upgrade options.

“In 2025, the commercial end-use industry segment accounted for the largest share of the US chillers market.”

The US chillers market is dominated by the commercial sector because of how much help it needs for cooling in a wide variety of commercial buildings like offices, hospitals, hotels, malls, schools, airports, and data centers. There needs to be an effective means of cooling for all these buildings so that comfort can be maintained for occupants; equipment can be protected; and building operations can continue uninterrupted. The US has one of the largest stocks of commercial buildings in the world and therefore has a high demand for both new chiller installations as well as for replacing old and worn-out HVAC equipment. There are also a number of other factors that contribute to the growing demand for chillers, including increased investment in energy-efficient building retrofits and green certifications based on energy performance and smart technology installations. The expansion of data centers and healthcare facilities that need precise temperature regulation on a continuous basis adds to the need. Since most commercial buildings utilize chillers with larger capacities than the average residential building would require, this segment of the market generates the largest amount of revenue for the overall US chiller market.

“Absorption chillers to be the fastest growing.”

The growth of absorption chillers in the US chiller market is currently outperforming any other type of chiller because there is a concentrated push toward energy efficiency, decarbonization, and using alternative energy sources. Absorption Chillers do not need electricity to operate, but use heat generated by using natural gas, steam, or some other heat source (generally provided through either hot water, waste heat produced from industrial processes or through a combined heat and power [CHP] system), thereby lowering the amount of electricity needed as well as reducing the amount of electricity that would be needed to operate the chiller during peak usage. Absorption Chill Technologies are seeing increasing adoption rates in hospitals, universities, and other types of facilities, as well as in district energy systems and large commercial buildings, because they can provide energy resilience and lower operating costs for facilities. The significant increase in investments in CHP facilities, waste heat recovery projects, and sustainable building initiatives will continue to support this rapidly growing market segment. Utilizing waste thermal energy with Absorption Chill Technologies will also offer organizations the opportunity to meet their carbon reduction goals. Due to the continually increasing prioritization by companies and organizations of energy optimization and grid independence, demand for Absorption Chillers is projected to continue growing at a faster pace than that of traditional Chiller technologies in the US.

The key players in the market include Daikin Industries (Japan), Trane Technologies (Ireland), Carrier (US), Johnson Controls (Ireland), Mitsubishi Electric (Japan), Smardt Chiller Group (Canada), Drake Refrigeration (US), PolyScience (US), Dimplex Thermal Solutions (US), and LG Electronics (South Korea).

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