Wilmington, Del., Oct. 16, 2025 — Allied Market Research published a report titled “Centrifugal Chiller Market by Capacity (Below 500 to 1,000 Tons, 1,001 to 2,000 Tons, and Above 2,000 Tons), Compressor Type (Single Stage, Two Stage, and Multi Stage), and End User (Chemicals and Petrochemicals, Food and Beverages, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2025-2034“. According to the report, the centrifugal chiller market was valued at $3.4 billion in 2024 and is estimated to reach $6.0 billion by 2034, growing at a CAGR of 6% from 2025 to 2034.

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Prime determinants of growth

Centrifugal chillers are large-scale cooling systems that use centrifugal force for heat exchange and are widely used in HVAC systems across commercial buildings, industrial facilities and data centers. Growing emphasis on green buildings, sustainability and energy efficiency has boosted adoption of centrifugal chillers, which offer high cooling capacity with lower energy consumption. Their efficiency under partial loads makes them suitable for variable demand settings in modern commercial infrastructure. However, high upfront installation and maintenance costs and the need for skilled professionals to operate and maintain these systems restrain market growth.

Report coverage & details

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Trade war scenario

Ongoing trade tensions between major economies have caused fluctuations in raw material prices and disrupted global supply chains for components such as compressors and refrigerants. These disruptions have affected production schedules and cost structures for centrifugal chiller manufacturers. Tariffs on imported components have also increased costs for end users and in some cases delayed procurement decisions in price-sensitive sectors.

Highlights by segment

‘Above 2,000 Tons’ segment

By capacity, the above 2,000 tons segment is projected to grow fastest during the forecast period, driven by deployment of large-scale cooling systems in district cooling plants, petrochemical complexes and hyperscale data centers. The shift toward centralized cooling infrastructure and energy-efficiency initiatives in urban hubs are supporting demand.

‘Multi Stage’ compressor type

By compressor type, multi stage compressors are expected to register the strongest growth due to their operational efficiency and performance stability in mission-critical environments such as pharmaceutical manufacturing, high-tech cleanrooms and research laboratories.

‘Healthcare’ end user industry

By end-user, healthcare is among the fastest-growing segments, driven by expanding healthcare infrastructure, greater demand for climate-controlled environments for medical equipment and pharmaceuticals, and growth of specialized facilities that require precise thermal management.

Regional outlook

LAMEA (Latin America, Middle East and Africa) is projected to record the fastest growth rate during the forecast period, supported by urbanization, industrial investments and large government-led cooling projects, especially in the Middle East. Asia-Pacific remains the largest regional market due to rapid industrialization, smart city development and high demand across commercial and manufacturing sectors. North America and Europe are expected to grow steadily, driven by sustainability mandates, retrofits and investments in energy-efficient HVAC technologies.

Opportunities and restraints

Key opportunities include emergence of environmentally friendly refrigerants and rising demand from data centers and IT facilities. Major restraints include high initial investment and installation costs.

Leading market players

• Johnson Controls
• Trane Technologies plc
• Daikin
• Haier
• Midea
• Smardt Chiller Group, Inc.
• Carrier
• Mitsubishi Heavy Industries, Ltd.
• LG Electronics
• TopChiller

The report analyzes business performance, operating segments, product portfolios and strategic moves (product launches, expansions and acquisitions) by these players to present the competitive landscape.

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Market segments

By Capacity:

• Below 500 to 1,000 Tons
• 1,001 to 2,000 Tons
• Above 2,000 Tons

By Compressor Type:

• Single Stage
• Two Stage
• Multi Stage

By End User:

• Chemicals and petrochemicals
• Food and beverages
• Healthcare
• Others

By Region:

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

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About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting arm of Allied Analytics LLP based in Wilmington, Delaware. AMR provides market research reports and business intelligence solutions to global enterprises as well as medium and small businesses to support strategic decisions and sustainable growth.

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Source: Allied Market Research