The global chiller market size was $7,330.7 million in 2019, and it is expected to reach $10,880.3 million by 2030, progressing at a CAGR of 5.0% during the forecast period (2020–2030). The major driving factors for the industry are the increasing global temperature, rising requirement for cooling equipment from industrial units, and surging spending on the development of infrastructure.

The global chiller market size was $7,330.7 million in 2019, and it is expected to reach $10,880.3 million by 2030, progressing at a CAGR of 5.0% during the forecast period (2020–2030). The major driving factors for the industry are the increasing global temperature, rising requirement for cooling equipment from industrial units, and surging spending on the development of infrastructure.