The North America chiller market reached around USD 2.58 Billion in 2024. The market is projected to grow at a CAGR of 4.10% between 2025 and 2034, reaching almost USD 3.86 Billion by 2034.
Driven by climate change and rising global temperatures, the cooling requirements of commercial establishments are also expected to record a growth of 30% by 2050. The Inflation Reduction Act is expected to subsidise the adoption of heat pumps, which minimise carbon emissions and are relatively more eco-friendly than existing HVAC systems. This is expected to drive the demand for cost-effective chillers in the coming years.
With the Environmental Protection Agency's increasing emphasis on minimising the use of hydrocarbons, major manufacturers are developing refrigerant-free chillers which utilise Peltier technology to provide heating and cooling effects simultaneously. Moreover, consumers are exhibiting an increasing preference for NRTL-certified electrical products in the region, which is prompting chiller manufacturing companies to develop state-of-the-art testing facilities to ensure their products adhere to the highest quality standards. Modern chillers are also expected to witness a surge in demand from the food processing industry, which is growing at a faster rate than the overall US economy.
North America Chiller Market Growth
As per the US Energy Information Administration, the demand for household cooling within the United States is expected to register a 71% growth by 2050. States like Texas, Arizona, Florida, Nevada, and Utah are experiencing a significant growth in the number of CDD (cooling degree days), which refers to the minimum cooling required to maintain indoor temperature.Driven by climate change and rising global temperatures, the cooling requirements of commercial establishments are also expected to record a growth of 30% by 2050. The Inflation Reduction Act is expected to subsidise the adoption of heat pumps, which minimise carbon emissions and are relatively more eco-friendly than existing HVAC systems. This is expected to drive the demand for cost-effective chillers in the coming years.
With the Environmental Protection Agency's increasing emphasis on minimising the use of hydrocarbons, major manufacturers are developing refrigerant-free chillers which utilise Peltier technology to provide heating and cooling effects simultaneously. Moreover, consumers are exhibiting an increasing preference for NRTL-certified electrical products in the region, which is prompting chiller manufacturing companies to develop state-of-the-art testing facilities to ensure their products adhere to the highest quality standards. Modern chillers are also expected to witness a surge in demand from the food processing industry, which is growing at a faster rate than the overall US economy.
North America Chiller Industry Segmentation
North America Chiller Market Report and Forecast 2025-2034 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 Country
- United States
- Canada
North America Chiller Market Share
Based on type of cooling, the market is divided into water-cooled and air-cooled chillers. Over the forecast period, water-cooled chillers are projected to grow at a CAGR of 4.3% during 2025-2034 as they deliver a comparatively higher energy-efficient performance (15%) than air-cooled chillers.Leading Companies in the North America Chiller Market
Major market players are shifting towards the usage of low GWP (global warming potential) refrigerants in their products, which is lowering their carbon footprint and driving sustainability within production practices.- Daikin Industries Ltd.
- Carrier Global Corp.
- LG Corp.
- Johnson Controls International Plc
- Trane Technologies Plc
- Fluid Chillers, Inc.
- Panasonic Holdings Corp.
- Mitsubishi Electric Corporation
- Midea Group Co. Ltd.
- HYDAC International GmbH
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Chiller Market Overview
6 North America Chiller Market Overview
7 North America Chiller Market by Type of Cooling
8 North America Chiller Market by Compressor Type
9 North America Chiller Market by End Use
10 North America Chiller Market by Country
11 Market Dynamics
14 Competitive Landscape
Companies Mentioned
- Daikin Industries Ltd.
- Carrier Global Corp.
- LG Corp.
- Johnson Controls International Plc
- Trane Technologies Plc
- Fluid Chillers, Inc.
- Panasonic Holdings Corp.
- Mitsubishi Electric Corporation
- Midea Group Co. Ltd.
- HYDAC International GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 2.58 Billion |
| Forecasted Market Value ( USD | $ 3.86 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
