1 Global Centrifugal Chiller Market Insight Analysis
The global Centrifugal Chiller market is expected to reach a value of USD 4,866.29 million in 2025, with a CAGR of 4.92% from 2025 to 2033.
Centrifugal chillers refer to products that provide air conditioning cold water or process cold water for large buildings. They use centrifugal compressors, motor drives, refrigerants, condensers, and evaporators to provide cold water outlet temperatures above 5 degrees.
Figure Global Centrifugal Chiller Market Size (M USD) and CAGR (2025-2033)
2 Centrifugal Chiller Market Growth Drivers and Restraints
Driving factors: The growth of social demand for cold water and the high performance of the product itself have become the key forces driving market development. With the development of society and the increase in population, the demand for cold water in various industries and life scenarios continues to rise, such as large commercial buildings, industrial production and other fields, providing a broad market space for centrifugal chillers. In the commercial field, large buildings such as shopping malls and office buildings continue to emerge, and the demand for refrigeration is huge. Centrifugal chillers have become an ideal choice for these places with their large cooling capacity.
At the same time, in the context of the increasingly tense energy situation, energy saving and consumption reduction have become an important trend in product development. Centrifugal chillers have the advantages of high efficiency and energy saving, which meet market demand and further expand the market scope. From the perspective of product performance, centrifugal chillers have significant advantages in building refrigeration applications. Its core component, the centrifugal compressor, increases the speed of the refrigerant gas through high-speed rotating blades, and converts the speed into pressure to achieve compression.
Compared with other types of chillers, centrifugal chillers have the characteristics of high efficiency, low energy consumption, better unit configuration, advanced impeller design and simple design, which can meet the application scenarios with high requirements for cooling capacity, making it popular in the market and strongly promoting the growth of the market.
Restrictive factors: The market faces the threat of substitutes and intensified market competition. With the development of technology, products such as multi-split and modular machines have risen rapidly, which has impacted the market share of centrifugal chillers. In some projects, the solution that might have originally chosen centrifugal chillers is now more replaced by multi-split solutions. This is because multi-split has the characteristics of flexible installation and easy use in some scenarios, which can meet the needs of some small commercial places or users with relatively small cooling demand.
In addition, the implementation of global energy-saving and emission reduction policies has prompted more new technologies to be applied to the field of centrifugal chillers, and the competition between different technical directions has also brought uncertainty to the market. The entry of manufacturers in emerging markets has intensified market competition. As a core technology product in the central air-conditioning industry, centrifugal chillers have high technical barriers and have attracted the attention of many companies.
In recent years, some manufacturers in emerging markets have invested resources to enter this field, and market competition has become increasingly fierce. In the case of limited market demand growth, companies may adopt strategies such as price wars to compete for market share, which not only compresses the profit margins of companies, but also poses challenges to the stable development of the market.
3 Technological Innovations in the Centrifugal Chiller Market
Technological innovation: Technological innovation mainly revolves around energy saving, high efficiency and environmental protection. In terms of energy saving, major companies continue to optimize product design and improve energy efficiency. For example, some companies use advanced compressor technology and intelligent control systems to enable centrifugal chillers to maintain efficient operation even under partial load and reduce overall energy consumption.
In terms of high efficiency, the refrigeration efficiency of the unit is improved by improving impeller design and optimizing heat transfer performance. The refrigeration efficiency of some products has been significantly improved compared with the past, and can meet the refrigeration needs of users in a shorter time. In terms of environmental protection, as the world’s attention to environmental protection continues to increase, centrifugal chillers are gradually moving towards low global warming potential (GWP) in the selection of refrigerants.
Some companies have begun to use new refrigerants, such as R-1233zd, to reduce the impact on the environment. Magnetic levitation technology is also increasingly used in centrifugal chillers. Magnetic levitation bearings can reduce mechanical friction, improve the efficiency and stability of the unit, and reduce noise and vibration. Haier’s large-scale magnetic levitation centrifugal chillers have performed well in energy saving and performance, setting a new benchmark for industry development.
Mergers and acquisitions: Mergers and acquisitions are frequent, which has a profound impact on the market competition. Take Trane’s acquisition of Arctic Cooling Group as an example. As a leading provider of indoor comfort systems and services in the world, Trane has further strengthened its strength in the field of centrifugal chillers by acquiring Arctic Cooling Group. Arctic Cooling Group focuses on the manufacture of high-efficiency air- and water-cooled magnetic bearings, modular and process chillers, and its products and services have a high reputation in commercial HVAC and process cooling applications.
This acquisition by Trane enables it to expand its product line, enter more market segments, and enhance its competitiveness in the global centrifugal chiller market. Johnson Controls acquired Qolsys to enhance its capabilities in the field of building solutions by using emerging technologies. Qolsys is a leading manufacturer of residential and commercial security and smart homes. Johnson Controls has further improved its layout in the field of smart buildings by acquiring its remaining equity and integrating its technology and innovation capabilities into its own business, providing customers with more comprehensive and smarter building solutions and consolidating its leading position in the industry.
These mergers and acquisitions and restructuring activities help companies integrate resources, share technology and expand the market, and promote the industry to develop in the direction of scale and centralization. At the same time, they also intensify market competition, prompting companies to continuously improve their own strength in order to gain an advantageous position in the market.
4 Global Centrifugal Chiller Market Size by Type
The single – stage centrifugal chiller is one of the two main types in the market. In 2025, it is forecasted to generate a revenue of 2372.46 million USD. This type of chiller operates by using a single impeller to compress the refrigerant. It has been widely used in various applications due to its relatively simple design and cost – effectiveness in certain scenarios.
In terms of market share, in 2025, the single – stage centrifugal chiller holds 48.75% of the market. Although its share has been gradually decreasing over the years, it still represents a significant portion of the market. This is partly because it can meet the cooling requirements of many medium – sized commercial buildings and some industrial facilities with moderate cooling loads. For example, in small – to – medium – sized office buildings or light manufacturing plants, the single – stage centrifugal chiller provides a reliable and economical cooling solution.
The two – stage centrifugal chiller, on the other hand, is designed with two impellers for refrigerant compression. This design allows for higher efficiency and better performance in handling larger cooling loads. In 2025, the forecasted revenue for the two – stage centrifugal chiller is 2493.83 million USD, slightly higher than that of the single – stage type.
Regarding market share, the two – stage centrifugal chiller is projected to account for 51.25% of the market in 2025. Its market share has been on an upward trend. This growth can be attributed to its superior performance in high – load applications. For instance, in large – scale commercial complexes like major shopping malls, airports, and large industrial plants with extensive cooling needs, the two – stage centrifugal chiller can provide more stable and efficient cooling. Its ability to handle larger volumes of refrigerant and operate more efficiently under high loads makes it a preferred choice for these demanding applications.
Table Global Centrifugal Chiller Market Size and Share by Type in 2025
Type | Market Size (M USD) 2025 | Market Share 2025 |
|---|---|---|
Single-Stage Centrifugal Chiller | 2372.46 | 48.75% |
Two-Stage Centrifugal Chiller | 2493.83 | 51.25% |
5 Global Centrifugal Chiller Market Size by Application
In 2025, the commercial application of centrifugal chillers is expected to have a market size of 2507.35 million USD, holding a market share of 51.52%. This sector encompasses a wide range of establishments, including shopping malls, office buildings, hotels, and hospitals.
Shopping malls, with their large floor areas and the need to maintain a comfortable environment for shoppers, are significant consumers of centrifugal chillers. These chillers ensure that the temperature remains pleasant across various sections, from retail stores to food courts. Office buildings, especially high – rise structures in major business districts, rely on centrifugal chillers to provide a conducive working environment for employees.
The ability of these chillers to handle large cooling loads efficiently makes them ideal for such spaces. Hotels also require reliable cooling systems to offer comfort to guests. Centrifugal chillers help maintain the right temperature in rooms, lobbies, and other public areas. Hospitals, where precise temperature control is crucial for medical equipment and patient comfort, also contribute to the demand in the commercial segment.
The industrial application of centrifugal chillers is projected to have a market size of 2358.94 million USD in 2025, accounting for a market share of 48.48%. Industries such as manufacturing, data centers, and chemical processing heavily rely on centrifugal chillers.
In manufacturing plants, especially those involved in electronics, automotive, and pharmaceutical production, precise temperature control is essential. For example, in semiconductor manufacturing, even a slight variation in temperature can affect the quality of the products. Centrifugal chillers provide stable and consistent cooling to ensure optimal production conditions.
Data centers, which house a vast number of servers generating a significant amount of heat, require high – capacity cooling solutions. Centrifugal chillers are capable of handling the large heat loads generated by these servers, ensuring their continuous and reliable operation. In the chemical processing industry, where reactions often occur under specific temperature conditions, centrifugal chillers help maintain the required temperature levels, facilitating smooth chemical processes.
Table Global Centrifugal Chiller Market Size and Share by Application in 2025
Application | Market Size (M USD) 2025 | Market Share 2025 |
|---|---|---|
Commercial | 2507.35 | 51.52% |
Industrial | 2358.94 | 48.48% |
6 Global Centrifugal Chiller Market Size by Region
In North America, the forecasted revenue for centrifugal chillers in 2025 is 1156.24 million USD. This region has a well – established infrastructure and a high demand for energy – efficient cooling solutions. The commercial and industrial sectors in North America, such as large – scale office complexes in the United States and manufacturing plants in Canada, drive the adoption of centrifugal chillers. Advanced technological know – how and a focus on environmental sustainability also contribute to the market growth. Companies in North America are often at the forefront of adopting new chiller technologies, such as those with improved energy efficiency and smart control systems.
Europe follows with a projected revenue of 1108.50 million USD in 2025. Europe has stringent environmental regulations, which have spurred the demand for centrifugal chillers that meet high energy – efficiency standards. The region’s strong focus on green building initiatives and sustainable development has led to increased installations of centrifugal chillers in commercial buildings, especially in countries like Germany and the United Kingdom. Moreover, the presence of a large number of industrial facilities, including automotive manufacturing plants and pharmaceutical factories, further boosts the market. European manufacturers are also known for their innovation in chiller design and technology, contributing to the region’s market development.
The Asia Pacific region stands out with the highest forecasted revenue of 2228.71 million USD in 2025. This growth is primarily driven by rapid urbanization and industrialization in countries such as China, India, and Japan. In China, the construction boom in major cities has led to a surge in demand for centrifugal chillers in commercial high – rises, shopping malls, and data centers. India’s growing manufacturing and service sectors also require efficient cooling systems. Additionally, Japan’s advanced technology and focus on energy conservation contribute to the market expansion. The Asia Pacific region has become a key growth area for centrifugal chiller manufacturers due to its large population, increasing disposable income, and infrastructure development.
South America is expected to generate a revenue of 202.36 million USD in 2025. The region is gradually developing its infrastructure and industrial base. Countries like Brazil and Argentina are experiencing growth in the commercial and industrial sectors, which is driving the demand for centrifugal chillers. However, challenges such as economic instability and uneven development across different countries in the region may limit the market growth rate to some extent.
The Middle East and Africa region has a forecasted revenue of 170.48 million USD in 2025. The Middle East, with its oil – rich economies, is investing in large – scale construction projects, including commercial buildings, hotels, and industrial facilities, which fuels the demand for centrifugal chillers. In Africa, the growing urban centers and emerging industries are also creating opportunities for the chiller market. Nevertheless, factors like limited infrastructure in some areas and high costs of technology adoption pose challenges to the market’s full potential realization.
Figure Global Centrifugal Chiller Market Size (M USD) by Region in 2025
7 Global Centrifugal Chiller Market Analysis by Major Players
Carrier
Company Profile: Carrier, established in 1915 and headquartered in the USA, is a renowned manufacturer of heating, ventilating, and air conditioning (HVAC) systems. The company has a global presence, distributing its products across various markets worldwide.
Business Overview: Carrier Corporation specializes in the production of commercial refrigeration and food service equipment for the food industry. With a strong commitment to innovation and sustainability, Carrier offers a diverse range of HVAC solutions designed to meet the evolving needs of modern buildings. The company’s focus on energy efficiency and environmental leadership has solidified its position in the global HVAC market.
Products Offered: Carrier offers a variety of centrifugal chillers, including the AquaEdge® 19XR/XRV/XRE water-cooled centrifugal chiller series. These chillers are designed for high efficiency and stable operation, utilizing R134a refrigerant. The 19XR model is the base unit, while the 19XRV features a high-efficiency variable speed compressor, and the 19XRE is a heat pump model. These products are known for their energy-saving capabilities, environmental leadership, advanced design, and convenient installation.
Johnson Controls
Company Profile: Johnson Controls, founded in 1885 and headquartered in Ireland, is a leading global diversified technology and industrial company serving customers across various sectors. The company is known for its innovative solutions in building efficiency and sustainability.
Business Overview: Johnson Controls provides a broad portfolio of HVAC equipment, building automation, security, fire detection, batteries, and integrated facility management services. The company’s focus on creating smart, safe, and sustainable environments has made it a key player in the global HVAC market. Johnson Controls leverages data and emerging technologies to deliver next-generation security and smart building solutions.
Products Offered: Johnson Controls offers the YORK® YZ Magnetic Bearing Centrifugal Chiller, which challenges conventional water-cooled chiller design. This chiller features an innovative design with a magnetic-bearing driveline, variable-speed drive centrifugal compressor, and uses the low global warming potential (GWP) refrigerant R-1233zd(E). It is designed to deliver superior performance, lower cost of ownership, and a new definition of sustainability.
Trane
Company Profile: Trane, established in 2007 and headquartered in Ireland, is a leading global provider of indoor comfort systems and services. The company is part of Ingersoll Rand, a multinational corporation engaged in diverse industrial sectors.
Business Overview: Trane designs, manufactures, and markets air conditioning systems, offering dehumidifying, air cleaning, energy-efficient heating, ventilation, and advanced building controls. The company serves customers worldwide, providing solutions that enhance indoor comfort and energy efficiency. Trane’s commitment to innovation and customer satisfaction has positioned it as a reliable partner in the HVAC industry.
Products Offered: Trane offers the EarthWise CenTraVac Chiller, which is recognized for its efficiency and reliability. This chiller features full-load efficiencies down to 0.45 kW/ton at AHRI conditions and integrated part-load values (IPLVs) down to 0.305 kW/ton. It is known for its near-zero documented leak rate and a long average lifetime of 30 years, with some units lasting over 50 years. Trane’s CenTraVac chillers are designed for high efficiency and reliability, making them suitable for a wide range of commercial HVAC and process cooling applications.