The global modular chillers market was valued at USD 3.31 billion in 2025 and is expected to reach USD 6.11 billion by 2035, growing at a CAGR of 6.33% from 2026 to 2035, according to SNS Insider.
The report links market growth to rising electricity costs, building efficiency requirements, and demand for reliable, scalable cooling in data centers driven by AI, cloud computing, and streaming services. Modular chillers are described as flexible systems that can be relocated, installed, and integrated with other systems more efficiently.
The U.S. modular chillers market was valued at USD 0.40 billion in 2025 and is projected to reach USD 0.77 billion by 2035, at a CAGR of 6.78% from 2026 to 2035. SNS Insider said growth is supported by commercial buildings, data centers, healthcare institutions, and demand for higher-efficiency cooling systems aligned with LEED and ENERGY STAR building standards.
Europe’s modular chillers market is expected to grow from USD 0.96 billion in 2025 to USD 1.69 billion by 2035, at a CAGR of 5.82%. The report cites EU energy-efficiency regulations, sustainability initiatives, and demand for high-efficiency inverter-based cooling systems.
Water-cooled chillers held the largest share in 2025, supported by use in large commercial buildings, hospitals, and industrial plants requiring efficiency and cooling loads exceeding 500 kW (approx. 1.42 million BTU/h). Air-cooled chillers are expected to grow at the highest CAGR of 6.45%. In 2025, the commercial segment led applications with a 47.80% share, while residential applications are forecast to grow at a CAGR of 7.44%.
Asia Pacific accounted for a 40.70% revenue share, supported by urbanization, industrialization, and investment in energy-efficient HVAC systems in China, India, Japan, and Southeast Asia. North America was the second-largest regional market, with demand supported by commercial and data center sectors.
