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The global centrifugal chillers market is expected to grow at a CAGR of 4.7% during the period 2024-2032. The market is expected to be driven by uses of centrifugal chillers in HVAC systems. North America, Europe, Middle East and Asia are expected to be key markets.
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Centrifugal chillers have been quite prominent in the HVAC market for cooling capacities over 1000 kW. Larger centrifugal may even provide several thousand kW. Centrifugal chillers are not so commonly used below the 1000 kW cooling capacity. High-performance commercial HVAC systems use chillers to draw heat out of the air flowing in the interiors. While in some areas, water or air alone suffice to take away excess heat, majority of HVAC systems rely on some kind of compressor to get a heat-absorbing refrigerant moving around a coil. A centrifugal chiller employs vapour compression cycle to chill water; it sheds off the heat gathered from the chilled water and the heat from the compressor to a water loop. The water loop is kept cool with the help of a cooling tower. Centrifugal chillers are easy to maintain, have fewer moving parts, and durable. Centrifugal chillers also offer high cooling capacity with a smaller footprint. Due to these qualities, centrifugal chillers are quite popular.
Centrifugal chillers provide chilled water for all such applications that require cooling capacity on a high scale; these are a cost-effective solution to cool large buildings because while centrifugal chillers could be a significant investment, these generally come with customizable configuration and almost guarantee ROI throughout their lifecycle.
Centrifugal chillers are used for indoor installation, or for weather protected spaces. Centrifugal chillers are widely used in North America as the building stock in that region comprises large buildings for a good portion; Europe and Middle East are also significant markets where centrifugal chillers are mainly used for hotels, commercial buildings, industrial plants, university campuses, airports and hospitals.
The key aspects influencing choice of a centrifugal chiller include efficiency and footprint. Centrifugal chillers can offer high capacity with very good energy-efficiency performances, for example, Daikin centrifugal chillers fitted with VFD can offer COP > 6 full load and IPLV > 10), particularly at full load, leading to low running costs for the end user.
Blue Star offers expert cooling solutions including a wide range of scroll, screw and centrifugal chillers. The company offers a broad range of water cooled centrifugal flooded chillers with highly efficient semi-hermetic compressors and environmentally-friendly R134a refrigerant. These solutions are reliable and highly energy efficient. The chillers produced are suited to large projects such as IT campuses, star hotels, hospitals, industries, etc.
MHI Group offers an efficient centrifugal chiller which acts as a good solution for energy saving and environmental protection; it also helps reduce businesses costs. Centrifugal chillers offered by the company supply chilled water and maintain constant temperature in semiconductor, automotive, and chemicals manufacturing plants, and hotels, food suppliers, hospitals, and sports facilities.
Hitachi High Efficiency Inverter-controlled Centrifugal Chillers realize energy-saving operation through the whole year using variable motor speed control with inverter unit, significantly enhancing partial load efficiency under low cooling water temperature conditions in off-peak seasons. The chillers also offer several unique energy saving functions that meet the demand to minimize energy consumption. Hitachi High Efficiency Centrifugal Chiller offers enhanced energy-saving and helps prevent global warming with the help of advanced technologies that optimize the design of compressors and heat-exchangers.
Daikin offers single compressor centrifugal chillers (from 300 to 1800 tons); solutions offer better full and part-load performance for increased energy savings and a good life cycle return on investment. Employing ozone-friendly HFC-134a refrigerant, Daikin chillers readily integrate with building automation systems, are seismic compliant, quiet, and have a broad operating range to enable operation at different lift conditions.
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By type, the market is segmented into:
By application, the market is divided into:
By region, the market is classified into:
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The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Centrifugal Chillers Market Analysis
8.1 Key Industry Highlights
8.2 Global Centrifugal Chillers Historical Market (2018-2023)
8.3 Global Centrifugal Chillers Market Forecast (2024-2032)
8.4 Global Centrifugal Chillers Market by Type
8.4.1 <500T
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 500-1000T
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 1000-2000T
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 >2000T
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Centrifugal Chillers Market by Application
8.5.1 Commercial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Centrifugal Chillers Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Centrifugal Chillers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Centrifugal Chillers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Centrifugal Chillers Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Centrifugal Chillers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Centrifugal Chillers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Johnson Controls International plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Carrier Global Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Daikin Industries Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Haier Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Trane Technologies Company, LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Centrifugal Chillers Market: Key Industry Highlights, 2018 and 2032
2. Global Centrifugal Chillers Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Centrifugal Chillers Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Centrifugal Chillers Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Centrifugal Chillers Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Centrifugal Chillers Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Centrifugal Chillers Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Centrifugal Chillers Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Centrifugal Chillers Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Centrifugal Chillers Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Centrifugal Chillers Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Centrifugal Chillers Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Centrifugal Chillers Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Centrifugal Chillers Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Centrifugal Chillers Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Centrifugal Chillers Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Centrifugal Chillers Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Centrifugal Chillers Market Structure
The global centrifugal chillers market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The major drivers of the market include urbanisation, increasing investments in research and development, and increasing manufacturing facilities.
The uses of centrifugal chillers in HVAC systems and environment-friendly cooling solutions are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market is divided into <500T, 500-1000T, 1000-2000T, and >2000T.
The significant applications are commercial and industrial, among others.
The major players in the industry are Johnson Controls International plc, Carrier Global Corporation, Daikin Industries Ltd, Haier Group, and Trane Technologies Company, LLC, among others.
The global centrifugal chillers market was driven by the uses of centrifugal chillers in HVAC systems in the historical period. Aided by the urbanisation and environmentally friendly cooling solutions, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 4.7%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into <500T, 500-1000T, 1000-2000T, and >2000T. The significant applications are commercial and industrial, among others. The major regional markets for centrifugal chillers are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Johnson Controls International plc, Carrier Global Corporation, Daikin Industries Ltd, Haier Group, and Trane Technologies Company, LLC, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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