North America Chiller Market is projected to grow at a CAGR of 5.1% from 2025-2031F

Screw chillers segment by Compressor Type held the highest revenue share in North America Chiller Market -6Wresearch

Screw chillers accounted for the largest share of the Rest of North America chiller market, supported by their robustness, broad capacity coverage, and suitability for mixed commercial and industrial applications. Their ability to handle variable operating conditions and moderate capital costs sustained strong adoption across diverse end-user segments.

According to 6Wresearch, North America Chiller Market is projected to grow at a CAGR of 5.1% from 2025-2031F. North America’s chiller demand is structurally driven by non-residential and institutional infrastructure growth, not residential cycles. U.S. construction spending exceeds annually, with non-residential output and non-building infrastructure up growing a YoY, reflecting momentum in energy, healthcare, education, and mixed-use projects. Commercial, healthcare, education, and lodging construction across the U.S. and Canada continues rising through 2028, supporting centralized cooling demand. This growth is reinforced by an aging building stock of U.S. commercial buildings were constructed before the early-2000s, anchoring chiller demand toward replacement and retrofit, independent of new-build volatility.

Further, tightening energy-efficiency and decarbonization regulations are accelerating HVAC replacement cycles across North America. Buildings account for U.S. final energy consumption and CO₂ emissions, prompting stricter DOE efficiency standards and widespread adoption of ASHRAE 90.1-2019/2022. The Inflation Reduction Act’s climate allocation and incentives such as Section 179D deductions, alongside Canada’s plan to retrofit buildings by 2030, are structurally driving adoption of high-efficiency, low-GWP chillers, sustaining demand beyond construction cycles.

According to Dhaval, Assistant Manager, 6Wresearch, air-cooled chillers held the largest share of the Rest of North America chiller market, driven by their lower upfront cost, simpler installation, and minimal water infrastructure requirements. Strong adoption across smaller commercial buildings, light industrial facilities, and regions with limited water availability supported their dominant revenue share.

North America Chiller Market (2025-2031) report provides an in-depth analysis with 37 figures and 24 tables, covered in 89 pages. The report thoroughly covers the market by countries, heat rejection method/type of cooling, compressor type, and End User. The North America Chiller Market outlook report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.