Meticulous Research®—a leading global market research company, published a research report titled ‘Industrial Chillers Market—Global Opportunity Analysis and Industry Forecast (2025-2032)’. According to this latest publication from Meticulous Research®, the industrial chillers market is anticipated to reach $16.5 billion by 2032, at a CAGR of 4.4% from 2025 to 2032.
The growth of the industrial chillers market is primarily driven by the increasing demand for water-cooled chillers, a surge in the adoption of modular chillers, and the rising utilization of process cooling in industrial applications. However, the high setup costs associated with industrial chillers may restrain market growth.
Additionally, the rising demand for chillers in the chemicals and petrochemicals industries and the growing need for absorption chillers are expected to create growth opportunities for players operating in this market. However, high maintenance costs remain a significant challenge impacting the market’s growth.
The industrial chillers market is segmented by cooling type, compressor type, capacity, and end user. The report evaluates industry competitors and analyzes the market at the regional and country levels.
Based on cooling type, in 2025, the water-cooled chillers segment is anticipated to dominate the industrial chillers market, with a share of over 56.0%. The growing emphasis on energy-efficient systems, increasing demand for water-cooled chillers in chemical plants and manufacturing facilities, a rising need for reliable water-cooling solutions, and the growing need for effective temperature control in industrial facilities are factors contributing to the segment’s significant market share.
Based on compressor type, in 2025, the scroll chillers segment is anticipated to dominate the industrial chillers market, with a share of over 58.3%. The growing adoption of scroll chillers in manufacturing, food processing, and chemical industries, an increasing need for reliable and precise temperature control systems, and the rising utilization of process cooling in industrial applications are factors contributing to the segment’s significant market share.
Based on capacity, in 2025, the