United States (USA) Chiller Market Overview, 2029

The history of chillers in the USA is a tale of continuous improvement and adaptation. From the rudimentary ice-based cooling systems of the 18th century, the technology evolved to vapor-compression chillers in the early 20th century, using harmful refrigerants like ammonia and chlorofluorocarbons (CFCs). Concerns about environmental impact led to the development of safer and more efficient refrigerants like R-22 and R-410A in the late 20th century. Today, the focus is on even more sustainable options like R-32 and CO2, driven by regulations and a growing emphasis on environmental responsibility. The American market for chillers is shaped by a unique cultural and economic landscape. The growing demand for energy-efficient solutions is driven by a combination of factors, including rising energy costs, increasing environmental awareness, and government regulations promoting energy-saving practices. Additionally, the trend towards urbanization and the construction of large commercial buildings and data centers is creating a significant demand for high-capacity and reliable chillers.

According to the research report "United States Chiller Market Overview, 2029," published by Bonafide Research, the United States Chiller market is expected to grow with more than 7.50% CAGR from 2024 to 2029. The growth of the US chiller market is driven by several factors. Firstly, the expanding construction sector, with a rising demand for new commercial and residential buildings, fuels the need for chillers for air conditioning and process cooling. Secondly, a focus on energy efficiency, prompted by increasing energy costs and environmental concerns, encourages the adoption of energy-efficient chillers, which can reduce operational expenses and carbon footprint. Thirdly, technological advancements in materials, refrigerants, and control systems contribute to the development of more efficient and reliable chillers, further boosting market growth. Additionally, specific industries like food and beverage, healthcare, and data centers are driving demand for specialized chillers tailored to their needs. Despite the positive outlook, challenges persist, including stringent environmental regulations necessitating adaptation by manufacturers, high initial costs of advanced chillers compared to traditional models, and a shortage of skilled labor in the HVAC industry, impacting installation and maintenance.

Market segmentation for the USA chiller market encompasses different categories, each targeting specific needs and industries. Under product types, hotel/resort chillers prioritize quiet operation and efficient cooling for large hospitality facilities, while day/salon chillers focus on compact size and precise temperature control for spas and salons, driven by rising disposable incomes and wellness trends in urban areas. Destination chillers serve specialized environments like ice rinks, amusement parks, and data centers, each with unique requirements such as ice quality maintenance, safety features, and high-capacity cooling for server farms. Medical chillers cater to healthcare facilities, emphasizing reliability and sterilization capabilities amid increasing healthcare spending and research activities. Chiller types include screw chillers for large commercial and industrial applications, scroll chillers for smaller capacities in hotels and retail, and centrifugal chillers for massive industrial processes, each with distinct advantages and limitations. Other chillers like absorption and desiccant options offer eco-conscious and dehumidification solutions, respectively, for niche applications. End users span commercial sectors like hospitality and retail, influenced by energy efficiency regulations and tenant comfort, while industrial users prioritize reliability and precise temperature control for manufacturing, pharmaceuticals, and power generation, driven by the growth of data centers and energy-saving technologies. Overall, market segmentation provides a comprehensive understanding of the diverse needs driving chiller demand across various sectors in the USA.

The U.S. chiller market operates within a complex web of federal and state policies, regulations, and certifications designed to ensure safety, energy efficiency, and environmental protection. Key federal regulations include those from the Environmental Protection Agency (EPA) governing refrigerants, specifically focusing on phasing out harmful Ozone-depleting Substances (ODS) under the Clean Air Act and promoting lower Global Warming Potential (GWP) alternatives. The Department of Energy (DoE) sets minimum efficiency standards for chillers through its building codes and the Consortium for Energy-Efficient Commercial Building Equipment (CECEEB) standards. Additionally, various safety standards established by the American Society of Mechanical Engineers (ASME) and Underwriters Laboratories (UL) are mandatory for pressure vessels and electrical components used in chillers. State-level regulations add another layer of complexity, with California's Title 24 energy efficiency standards being particularly stringent and often influencing national trends. These regulations can impact chiller design, refrigerant choice, performance metrics, and ultimately, influence market trends towards more sustainable and efficient technologies.

To stay competitive in the evolving US chiller market, players should prioritize developing high-efficiency, eco-friendly models that cater to rising energy cost concerns and stricter environmental regulations. Investing in digitalization and remote monitoring capabilities will be crucial for enhanced system performance, preventative maintenance offerings, and improved customer service. Furthermore, expanding service networks and fostering strong partnerships with building automation companies will solidify a presence in a market increasingly focused on integrated building solutions.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029



Aspects covered in this report
• Chillers market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Air Cooled Chiller
• Water Cooled Chiller

By Type
• Screw Chiller
• Scroll Chiller
• Centrifugal Chiller
• Others

By End User
• Commercial
• Industrial

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Chillers industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.