The India chiller market size reached USD 0.36 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 0.50 Billion by 2033, exhibiting a growth rate (CAGR) of 3.60% during 2025-2033. The India chiller market share is spurred by high growth in the food and beverages sector, surging demand for energy-efficient and green solutions, rapid industrialization and urbanization, and energy conservation policies facilitated by the government.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 0.36 Billion |
Market Forecast in 2033 | USD 0.50 Billion |
Market Growth Rate 2025-2033 | 3.60% |
Increasing Adoption of Energy-Efficient and Eco-Friendly Chillers
One of the dominant trends influencing the India chiller market outlook, is the increasing use of energy-efficient and eco-friendly chillers. As per industry reports, the Global Cooling Pledge secured commitments from more than 70 nations and 60 non-state entities, with the goal of reducing cooling-related emissions by 68% by 2050. By 2035, climate finance is expected to reach $300 billion annually, tripling due to substantial investment in energy-efficient cooling technologies in developing countries. Hence, as energy prices increase and climate change awareness rises, companies and industries alike are gravitating toward chillers that conserve energy and help reduce the carbon footprint. The sustainability focus by the government, with regulations like the Energy Conservation Building Code (ECBC) and the Bureau of Energy Efficiency (BEE) norms, is promoting the adoption of high-efficiency chillers that meet such regulations. Chillers using low-global-warming-potential (GWP) refrigerants like R-32 and natural refrigerants like ammonia are being launched by manufacturers, which are less harmful to the environment when compared with conventional refrigerants. In addition, advances in technology, including variable-speed compressors and intelligent control systems, enable the optimization of energy consumption and lower operating costs. This drive toward energy-efficient and environmentally friendly chillers will continue to grow as companies aim to enhance their sustainability profile while lowering long-term operating costs.
Growing Demand from the Food and Beverage Industry
The Indian chiller market growth is fueled by the expanding food and beverage sector. With the accelerated growth of the food processing industry, demand for efficient cooling technologies to help store products and sustain safety levels has grown enormously. Chillers find widespread application in the food and beverages sector for applications like refrigeration, storage, and transportation purposes to maintain products such as dairy, meat, and packaged foods at the right temperatures. With increasing demand from consumers for fresh, processed, and packaged food products, the need for efficient, high-performance chillers also increases. Also, increasing popularity of pre-cooked meals, frozen foods, and drinks in urban areas further enhanced the demand for refrigeration systems. Companies in this industry are making investments in high-tech chillers that provide rapid cooling, improved temperature control, and food safety regulations. This movement is likely to continue to support the chiller market's growth in India.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product type and end use.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes screw, centrifugal, scroll, and absorption.
End Use Insights:
The report has provided a detailed breakup and analysis of the market based on the end use. This includes industrial, and commercial.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Screw, Centrifugal, Scroll, Absorption |
End Uses Covered | Industrial, Commercial |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: