U.S. Chillers Market Size Worth USD 4.69 Billion by 2034 | CAGR: 4.6%

The U.S. chillers market size is expected to reach USD 4.69 billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Chillers Market Size, Share, Trend, Industry Analysis Report By Product (Water-Cooled, Air-Cooled), By Application, By Compressor Type – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The U.S. chillers market centers on the development and deployment of cooling systems designed to regulate temperature across industrial, commercial, and institutional applications. Chillers play a vital role in managing indoor climate and process cooling, making them critical for energy-intensive sectors such as healthcare, manufacturing, data centers, and hospitality. Increasing demand for energy-efficient HVAC solutions is driving the shift toward advanced chiller technologies that support long-term cost savings and sustainability targets. Government incentives, including tax credits and rebates, are encouraging the replacement of outdated systems with high-performance units, particularly in retrofitting projects. The surge in digital infrastructure, especially data center, is creating new demand for high-capacity and scalable cooling systems. Industry trends show a transition toward smart chillers integrated with IoT-enabled controls and predictive maintenance capabilities. Manufacturers are responding with compact, modular designs that allow for greater customization and ease of installation.

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Environmental compliance is influencing product development, leading to the adoption of low-GWP refrigerants and quieter, energy-optimized components. Opportunities are emerging in sectors prioritizing operational resilience and environmental certification, where chillers play a strategic role in meeting green building standards. The convergence of digital controls, sustainable engineering, and flexible system architectures is reshaping the market, enabling suppliers to deliver tailored cooling solutions aligned with evolving end-user requirements. Product innovation, lifecycle performance, and aftermarket service capabilities are becoming key differentiators as stakeholders’ focus on reducing the total cost of ownership while ensuring uninterrupted performance in mission-critical environments. The market continues to evolve through a blend of technological refinement and strategic collaboration.

Top of FormU.S. Chillers Market Report Highlights

• By application, the commercial segment accounted for the largest revenue share in 2024, supported by robust chiller installations across offices, shopping centers, hospitals, and educational institutions.
• Based on compressor type, the screw chillers segment held the largest revenue share in 2024 due to their high efficiency, part-load performance, and reliability in handling medium to large cooling loads.
• A few U.S. key players include Carrier; ClimaCool Corp.; Cold Shot Chillers; Daikin Industries, Ltd.; Drake Refrigeration, Inc; Fluid Chillers, Inc.; FRIGEL FIRENZE S.p.A.; General Air Products; Honeywell International, Inc.; Johnson Controls; Midea; Multistack International Limited; Rite-Temp; Tandem Chillers; and Trane.

Polaris Market Research has segmented the U.S. chillers market on the basis of product, application, and compressor type:

By Product Outlook (Revenue, USD Billion, 2020–2034)

• Water-Cooled
  • <50kW
  • 51–100kW
  • 101–500kW
  • 501–1000kW
  • 1001–1500kW
  • >1501kW
• Air-Cooled
  • <50kW
  • 51–100kW
  • 101–500kW
  • 501–1000kW
  • 1001–1500kW
  • >1501kW

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Commercial
  • Corporate Offices
  • Data Centers
  • Public Buildings
  • Mercantile & Service
  • Healthcare
  • Others
• Industrial
  • Chemicals & Pharmaceuticals
  • Food & Beverage
  • Metal Manufacturing & Machining
  • Medical & Pharmaceutical
  • Plastics
  • Others
• Residential

By Compressor Type Outlook (Revenue, USD Billion, 2020–2034)

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