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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 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:
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| Breakup by Type of Cooling |
|
| Breakup by Compressor Type |
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| Breakup by End Use |
|
| 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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*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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