Heating, ventilation, and air conditioning (HVAC) chillers are equipment used to cool a building or an equipment. HVAC is an assembly of various types of equipment installed together to provide heating and cooling. It is also used in different industries to keep the machinery running by maintaining the temperature of the place where machines are installed.
The global HVAC Chillers market is projected to grow from US$ 7358.7 million in 2023 to US$ 8889.5 million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period.
One of the primary drivers for this market is the growing demand for district cooling. District cooling is replacing the traditional air cooling methods because of increased advantages like energy-saving, low environmental damage, and reduced maintenance needs. Furthermore, the increa
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