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Mexico Chiller Market

Mexico Chiller Market Size, Share, Growth, Forecast: By Type of Cooling: Water Cooled, Air Cooled; By Compressor Type: Screw Chillers, Scroll Chillers, Reciprocating Chillers, Centrifugal Chillers, Absorption Chillers; By End Use: Food and Beverage, Chemicals and Petrochemicals, Others; Regional Analysis; Competitive Landscape; 2024-2032

Mexico Chiller Market Size

The Mexico chiller market reached around USD 221.55 million in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching almost USD 356.67 million by 2032.

 

Mexico Chiller Market Outlook

  • Centrifugal chillers are expected to dominate the market over the forecast period.
  • The increasing demand for HVAC systems in Mexico is expected to drive the market growth.
  • Water cooled chillers are expected to constitute a significant portion of the market share.

 

Mexico Chiller Market Growth

As per the MEXDC (Mexican Association of Data Centres), the nation is expected to receive $9.2 billion worth of investment towards the data centre construction sector, with companies like Ascenty, Equinix, Odata, and DCD gaining increasing significance. While Mexico currently has 166 data centres requiring 305 MW of energy per hour, 73 new data centres are expected to be established over the next five years, which can demand 1492 MW of energy per hour. This is expected to substantially impact the temperature conditions within data centres, thereby creating a substantial demand for chillers, which can prevent overheating of equipment and regulate the temperature conditions within data centres.

 

Nearly 56% of all energy used to manufacture food and beverage products is lost. Increasing innovations in existing models of absorption chillers are enabling major companies to use exhaust methane gas and steam to produce freezing temperature conditions without relying on ammonia or environmentally harmful refrigerants. This can be attributed to their unique design, which regulates the concentration of mixed refrigerants and drives the production of various food items in a seamless manner.

 

Advanced absorption chillers can utilise waste heat at extremely low temperatures, like 70 degrees Fahrenheit, to power the operation of the boiler effectively. This enables them to facilitate the overall production process, while significantly lowering carbon emissions.

 

Mexico Chiller Market

 

Mexico Chiller Industry Segmentation

Mexico Chiller Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Type of Cooling

  • Water Cooled 
  • Air Cooled

 

Market Breakup by Compressor Type

  • Screw Chillers 
  • Scroll Chillers
  • Reciprocating Chillers
  • Centrifugal Chillers
  • Absorption Chillers

 

Market Breakup by End Use

  • Food and Beverage
  • Chemicals and Petrochemicals
  • Medical and Pharmaceutical
  • Plastics
  • Others

 

Market Breakup by Region

  • Baja California
  • Northern Mexico
  • The Bajio
  • Central Mexico
  • Pacific Coast
  • Yucatan Peninsula

 

Mexico Chiller Market Share

Based on end use, the market is divided into food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others. Over the forecast period, the food and beverage sector is expected to emerge as a leading market segment, as major companies seek energy-efficient solutions for decarbonising the food production processes.

 

Leading Companies in the Mexico Chiller Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

 

  • Daikin Industries Ltd.
  • Carrier Mexico Corp.
  • LG Corp.
  • Johnson Controls International Plc
  • Trane Technologies Plc
  • Others

 

Major market players are expected to manufacture sustainable and energy-efficient chiller models to enhance their consumer appeal and drive the market growth.

 

Key Highlights of the Report

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:

  • Type of Cooling
  • Compressor Type
  • End Use
  • Region
Breakup by Type of Cooling
  • Water Cooled 
  • Air Cooled
Breakup by Compressor Type
  • Screw Chillers 
  • Scroll Chillers
  • Reciprocating Chillers
  • Centrifugal Chillers
  • Absorption Chillers
Breakup by End Use
  • Food and Beverage
  • Chemicals and Petrochemicals
  • Medical and Pharmaceutical
  • Plastics
  • Others
Breakup by Region
  • Baja California
  • Northern Mexico
  • The Bajio
  • Central Mexico
  • Pacific Coast
  • Yucatan Peninsula
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Daikin Industries Ltd.
  • Carrier Mexico Corp.
  • LG Corp.
  • Johnson Controls International Plc
  • Trane Technologies Plc
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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 Market 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
7    Opportunities and Challenges in the Market
8    Latin America Chiller Market Overview

    8.1    Key Industry Highlights
    8.2    Latin America Chiller Historical Market (2018-2023) 
    8.3    Latin America Chiller Market Forecast (2024-2032)
9    Mexico Chiller Market Overview
    9.1    Key Industry Highlights
    9.2    Mexico Chiller Historical Market (2018-2023) 
    9.3    Mexico Chiller Market Forecast (2024-2032)
10    Mexico Chiller Market by Type of Cooling
    10.1    Water Cooled
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Air Cooled
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    Mexico Chiller Market by Compressor Type
    11.1    Screw Chillers
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Scroll Chillers
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Reciprocating Chillers
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Centrifugal Chillers
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Absorption Chillers
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
12    Mexico Chiller Market by End Use
    12.1    Food and Beverage
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Chemicals and Petrochemicals
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Medical and Pharmaceutical
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Plastics
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Others
13    Mexico Chiller Market by Region
    13.1    Baja California
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Northern Mexico
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    The Bajío
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Central Mexico
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Pacific Coast
        13.5.1    Historical Trend (2018-2023)
        13.5.2    Forecast Trend (2024-2032)
    13.6    Yucatan Peninsula
        13.6.1    Historical Trend (2018-2023)
        13.6.2    Forecast Trend (2024-2032)
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    Buyers Powers 
        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    Price Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Daikin Industries Ltd.  
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Carrier Global Corp. 
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    LG Corp.  
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Johnson Controls International Plc  
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Trane Technologies Plc 
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Latin America Chiller Market: Key Industry Highlights, 2018 and 2032 
2.    Mexico Chiller Market: Key Industry Highlights, 2018 and 2032 
3.    Mexico Chiller Historical Market: Breakup by Type of Cooling (USD Million), 2018-2023 
4.    Mexico Chiller Market Forecast: Breakup by Type of Cooling (USD Million), 2024-2032
5.    Mexico Chiller Historical Market: Breakup by Compressor Type (USD Million), 2018-2023 
6.    Mexico Chiller Market Forecast: Breakup by Compressor Type (USD Million), 2024-2032
7.    Mexico Chiller Historical Market: Breakup by End Use (USD Million), 2018-2023 
8.    Mexico Chiller Market Forecast: Breakup by End Use (USD Million), 2024-2032
9.    Mexico Chiller Historical Market: Breakup by Region (USD Million), 2018-2023
10.    Mexico Chiller Market Forecast: Breakup by Region (USD Million), 2024-2032
11.    Mexico Chiller Market Structure

Key Questions Answered in the Report

The market reached nearly USD 221.55 million in 2023.

The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 356.67 million in 2032.

The different compressor types in the market include screw chillers, scroll chillers, reciprocating chillers, centrifugal chillers, and absorption chillers.

The different end uses of chiller are food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others.

The different regions covered in the market report are Baja California, Northern Mexico, The Bajio, Central Mexico, Pacific Coast, and Yucatan Peninsula.

The key market players are Daikin Industries Ltd., Carrier Mexico Corp., LG Corp., Johnson Controls International Plc, and Trane Technologies Plc, among others.

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