India Chiller Market Size, Share and Growth Forecast 2025-2033

India Chiller Market Size, Share, Trends and Forecast by Product Type, End Use and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30509

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India Chiller Market Overview:

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	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 0.36 Billion
Market Forecast in 2033	USD 0.50 Billion
Market Growth Rate 2025-2033	3.60%

India Chiller Market Trends:

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.

India Chiller Market Size

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.

India Chiller Market Segmentation:

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:

Screw
Centrifugal
Scroll
Absorption

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:

Industrial
Commercial

The report has provided a detailed breakup and analysis of the market based on the end use. This includes industrial, and commercial.

Regional Insights:

North India
South India
East India
West India

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.

Competitive Landscape:

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.

India Chiller Market News:

In May 2024, Carrier Air conditoning & Refrigeration Limited ("Carrier India") has launched 30 RB Air-Cooled Modular Scroll Chiller, which is made in India. This device is designed to meet the ever-changing demands of the Indian industry, setting new standards for cooling dependability and efficiency and enhancing industries like metro, MES, railroads, and more.

India Chiller Market Report Coverage:

Report Features	Details
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: Product Type End Use Region
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:

How has the India chiller market performed so far and how will it perform in the coming years?
What is the breakup of the India chiller market on the basis of type?
What is the breakup of the India chiller market on the basis of end use?
What is the breakup of the India chiller market on the basis of region?
What are the various stages in the value chain of the India chiller market?
What are the key driving factors and challenges in the India chiller market?
What is the structure of the India chiller market and who are the key players?
What is the degree of competition in the India chiller market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India chiller market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India chiller market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India chiller industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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