U.S. Modular Chillers Market Size & Trends
The size of the U.S. modular chillers market was USD 386.6 million in 2024 and is expected to expand at a CAGR of 5.3% from 2025 to 2035. The growth in the market is dominated by the growing need for energy-efficient, scalable, and flexible cooling systems in the commercial, residential, and industrial markets. Technological innovations like the use of smart controls, variable-speed compressors, and plug-in compatibility with building automation systems are continuing to drive demand through improved system performance, flexibility, and operating efficiency.
Technological innovation is at the center of influencing market trends. Incorporating smart controls, IoT capabilities, and automation improves operational effectiveness and enables real-time monitoring, predictive maintenance, and remote operation. These technologies optimize performance as well as respond to the wider industry shift toward digital transformation. As industries embrace smarter systems, remote control and monitoring of chiller performance become increasingly important, improving operational effectiveness and minimizing downtime.
The U.S. market for modular chillers experiences moderate trade, with importation primarily from nations like China, Mexico, Germany, and South Korea, providing components and high-efficiency units. Local production continues to be robust, aided by local demand and regulatory requirements. Exports are minimal, going mainly to Latin America and the Middle East. Trade patterns are influenced by energy efficiency requirements, refrigerant regulations, and continued attempts to localize supply chains.
Drivers, Opportunities & Restraints
The United States modular chillers market is driven by increasing focus on sustainability and energy efficiency. Advanced technologies, including the integration of IoT and AI, support real-time monitoring and predictive maintenance, boosting operational effectiveness. Moreover, tough environmental standards and a move towards low-GWP refrigerants are pressuring industries to implement green cooling solutions. These drivers together boost the demand for modular chillers in commercial, industrial, and residential sectors.
Although they offer numerous benefits, modular chillers are hindered by high upfront capital and installation expenditures. The difficulty of merging sophisticated systems with available facilities and high maintenance requirements by specialized personnel may discourage prospective adopters, notably in cost-conscious markets. These aspects can prevent modular chillers' mass adoption, notably by small and medium enterprises.
The upward trend in smart building technologies creates large opportunities for modular chillers. With their ability to interface with Internet of Things -enabled systems, these chillers can provide improved energy management, real-time diagnostics, and remote monitoring. This compatibility comes in line with the increasing need for intelligent infrastructure and places modular chillers at the forefront of new, sustainable building offerings.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
Product Insights
The water-cooled modular chillers segment dominated the market and held 56.8% of the overall market share in 2024. The market is witnessing steady growth as commercial buildings and industries require efficient, scalable cooling systems. These systems use water, usually blended with glycol, to cool refrigerant through a condenser and cooling tower configuration. Since they use the wet-bulb temperature of the surroundings, generally lower than that of the dry-bulb temperature employed by air-cooled systems, water-cooled modular chillers are more efficient with lower condensing pressures and temperatures.
The market for modular chillers, especially for air-cooled equipment, is expected to increase around the world in the forecast period due to their suitability for effective operation at very low temperatures. As opposed to water-cooled chillers, air-cooled modular chillers do not use cooling towers, thereby discharging the operational issues frequently faced during winter season. Besides, the increasing awareness about water scarcity is likely to drive the use of air-cooled modular chillers even more, as these chillers are not water-dependent for cooling.
End-use Insights
Commercial end use dominated the market and comprised 49.3% of the overall market share in 2024. Modular chillers are gaining popularity in commercial usage because they are flexible, energy-saving, and can cater to varied cooling needs. In office spaces, shopping malls, and hotels, modular chillers offer a scalable centralized cooling solution that can be expanded gradually or resized according to shifting requirements.
In industrial applications, modular chillers play a critical role in ensuring accurate temperature control across a broad spectrum of processes and equipment. Modular chillers are extensively used in manufacturing plants, chemical plants, and heavy industry to chill machinery, control ambient conditions, and enable consistent production quality. Modular chillers stand out from conventional centralized systems by providing the benefit of scalability and flexibility, enabling industrial operators to increase or alter capacity to meet changing operational demands.
Application Insights
The cooling application segment accounted for a 65.3% market share in 2024. Modular chillers are finding growing applications across industries in various cooling applications due to their flexibility, energy efficiency, and scalability. The systems are suitable for cooling high-volume spaces in commercial, industrial, and residential setups, offering a stable solution for temperature control without the necessity for extensive cooling infrastructure. For example, modular chillers are employed in big data centers to ensure the best operating temperatures for the servers and electronic equipment in order to avoid overheating and the resultant equipment failure.
Modular chillers for simultaneous heating and cooling purposes are finding growing application in spaces that need to control temperature in various zones with precision. Such systems, commonly called "simultaneous heating and cooling" (SHC) units, prove to be very efficient for hospitals, hotels, and big commercial facilities where various zones have diverse temperature requirements simultaneously.
Key U.S. Modular Chillers Company Insights
Some of the prominent key players in the U.S. modular chillers market are Trane (Trane Technologies plc), Carrier, and Daikin Industries, Ltd.
Trane is a member of the Ingersoll Rand family of brands. It carries on its activities in two segments, namely climate and industrial. The industrial segment provides products and services that improve energy efficiency, operations, and productivity. It comprises power tools, compressed air & gas systems, fluid management systems, material handling systems, and utility & low-speed consumer vehicles. The climate segment supplies energy-efficient products and services, such as heating, ventilation, and air conditioning (HVAC) systems. It is involved in the production of residential, industrial, and commercial HVAC systems. It provides products, including HVAC accessories, thermostat controls, ductless systems, geothermal systems, packaged systems, heat pumps, coils, gas & oil furnaces, air handlers, and air conditioners.
Carrier is a healthy, safe, sustainable, intelligent building and cold chain solutions provider. The firm was purchased by United Technologies Corporation in 1979, but it was spun out as an independent firm in April 2020. Carrier sells heat pumps, air conditioners, boilers, furnaces, air purifiers, humidifiers, dehumidifiers, ventilators, air scrubbers, thermostats, UV lamps, energy services, and building controls to retail, commercial, transport, and foodservice markets. The firm is involved in offering refrigeration; Heating, Ventilating &; Air Conditioning (HVAC); fire; security; and building automation technologies. Carrier sells its products using over 75 brands, has over 14,000 granted and applied-for patents worldwide, and has customers in more than 160 countries.
DAIKIN INDUSTRIES Ltd. produces and distributes air conditioning systems and chemicals. It has 313 consolidated subsidiaries globally and provides air-conditioning systems, room heating & heat pumps, hot water supply systems, room air conditioning systems, packaged air-conditioning systems, and plant, facility, and office building air conditioning systems. It also supplies low & medium-sized air conditioning systems, water chillers, air purifiers, humidity-adjusting air processing units, marine-type container refrigeration systems, and air handling units. It has over 90 production facilities globally, and its products are distributed in more than 150 countries.
The Climate Control Group, Inc. and WaterFurnace are among the new market entrants in the U.S. modular chillers sector.
The Climate Control Group (CCG is a multi-product HVAC manufacturer that designs and manufactures energy-saving climate control products for commercial and residential markets. The firm includes four major brands- ClimateMaster, International Environmental Corporation (IEC), ClimateCraft, and ClimaCool-specializing in geothermal and water source heat pumps, custom air handling units, modular chillers, and fan coil systems. The firm markets its products to numerous industries ranging from healthcare and education to hospitality and residential markets. It has a major plant in Oklahoma City and has a broad distribution system and service technicians. The company was bought by NIBE Industrier AB in 2016.
WaterFurnace International is involved in the production of geothermal and water source heat pumps, among others, for residential, commercial, and industrial use. Its offerings constitute a wide range of water-to-air and water-to-water heat pumps, chillers, and dedicated outdoor air systems, built with energy efficiency, fine climate control, and connectivity with smart building technology in mind. Taken over by NIBE Industrier AB in 2014, WaterFurnace operates autonomously as the North American center for NIBE's energy business.
Key U.S. Modular Chillers Companies
- Trane (Trane Technologies plc)
- The Climate Control Group, Inc
- Carrier
- Daikin Industries, Ltd.
- Robert Bosch GmbH
- ChillMaster (AMERICAN GEOTHERMAL)
- Envirosep, Inc
- Jetson
- AERMEC S.P.A.
- Multistack, LLC
- WaterFurnace
Recent Developments
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In March 2025, Daikin Applied, a subsidiary of DAIKIN INDUSTRIES Ltd, acquired Modular Comfort Systems, a New York company specializing in modular HVAC systems. This addition enhances Daikin's leadership in the modular HVAC market and its capacity to provide leading-edge, energy-efficient solutions to regional commercial customers.
In February 2025, Mechanical joined with ChillMaster to enhance its modular chiller solutions. This partnership enables ACI Mechanical to offer a wider variety of energy-efficient, scalable, and dependable modular chillers to customers. With the integration of ChillMaster's state-of-the-art modular chiller technology, ACI Mechanical wanted to improve its HVAC solutions for industrial and commercial projects with flexible and sustainable cooling solutions addressing various application requirements. This alliance enhances both companies' market reach and addresses increasing demand for efficient modular cooling solutions.
U.S. Modular Chillers Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2025 |
USD 396.3 million |
|
Revenue forecast in 2035 |
USD 667.1 million |
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Growth rate |
CAGR of 5.3% from 2025 to 2035 |
|
Base year for estimation |
2024 |
|
Historical data |
2018 - 2023 |
|
Forecast period |
2025 - 2035 |
|
Quantitative units |
Revenue in USD million and CAGR from 2025 to 2035 |
|
Report coverage |
Revenue forecast, company market position analysis, competitive landscape, growth factors, and trends |
|
Segments covered |
Product, end-use, application |
|
Country scope |
U.S. |
|
Key companies profiled |
Trane (Trane Technologies plc); The Climate Control Group, Inc; Carrier; Daikin Industries, Ltd.; Robert Bosch GmbH; ChillMaster (AMERICAN GEOTHERMAL); Envirosep, Inc; Jetson; AERMEC S.P.A.; Multistack, LLC; WaterFurnace |
|
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
U.S. Modular Chillers Market Report Segmentation
This report forecasts revenue growth at a country level and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2035. For this study, MIR has segmented the U.S. modular chillers market report based on product, end-use, and application
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Product Outlook (Revenue, USD Million, 2018 - 2035)
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Water Cooled
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<50kW
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51-100kW
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101-200kW
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201-300kW
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>301kW
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Air Cooled
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<50kW
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51-100kW
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101-200kW
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201-300kW
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>301kW
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-
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End-use Outlook (Revenue, USD Million, 2018 - 2035)
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Commercial
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Corporate Offices
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Data Centers
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Public Buildings
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Mercantile & Service
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Healthcare
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Others
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Residential
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Industrial
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Chemical
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Food & Beverage
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Metal Manufacturing & Machining
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Medical & Pharmaceutical
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Plastics
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Others
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-
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Application Outlook (Revenue, USD Million, 2018 - 2035)
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Cooling
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Heat Recovery
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Heat Pump
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Simultaneous Heating And Cooling
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