원심식 냉동기 냉매 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Centrifugal Chiller Refrigerant Market was valued at USD 4.3 billion in 2024 and is estimated to grow at a CAGR of 6.1% to reach USD 7.7 billion by 2034.

Demand for efficient, eco-friendly cooling solutions is rising across commercial, institutional, and industrial sectors. The push to lower carbon emissions and comply with increasingly stringent environmental regulations is prompting industries to transition from high-GWP refrigerants to low-GWP or zero-ODP alternatives. These modern refrigerants enhance energy efficiency and reduce operational costs, making them increasingly attractive to end users. Innovations in centrifugal chiller components, including compressors and heat exchangers, are further optimizing refrigerant performance while lowering power consumption. Emerging smart technologies like AI-based predictive maintenance and IoT-integrated monitoring systems are also enabling real-time insights into operational efficiency, helping minimize energy losses and equipment downtime. The global shift toward sustainable infrastructure and energy-conscious systems is reshaping the refrigerant landscape and fueling robust market growth. As industries evolve, the market for advanced refrigerants in centrifugal chillers is being driven by regulatory compliance, cost-saving potential, and increasing technological sophistication.

The standard refrigerants segment held 47.8% share in 2024 and is expected to grow at a CAGR of 6.5% between 2025 and 2034. Their ongoing dominance is supported by widespread availability, established reliability, and compatibility with legacy systems. These refrigerants continue to serve as cost-effective and dependable solutions, particularly in markets where the transition to next-gen alternatives remains in early stages. Their proven safety record and ability to integrate with current infrastructure without major retrofitting keep them a preferred choice in both commercial and industrial environments.

The oil & gas segment held a 32.9% share in 2024 and is forecast to grow at a CAGR of 6.5% through 2034. High-performance chillers are critical in this sector to maintain stable cooling under extreme conditions, especially across offshore and petrochemical sites. Due to its continuous operations and large-scale installations, the oil and gas industry depends on refrigerants that provide reliable thermal control. The sector's infrastructure complexity and need for uninterrupted cooling solutions make dependable refrigerants essential for operations running at full capacity.

China Centrifugal Chiller Refrigerant Market held 26% share in 2024, with a valuation of USD 400 million. The country's dominance in the Asia-Pacific region is driven by its expanding manufacturing base and accelerated pace of industrialization. Competitive advantages such as cost-effective labor, a robust supply chain, and strong export capabilities help position China as a key supplier of centrifugal chillers and related refrigerants across both domestic and international markets.

Key players operating in the Global Centrifugal Chiller Refrigerant Market include Hudson Technologies, Mitsubishi Electric Corporation, Arkema, Honeywell International, Toshiba Corporation, Sinochem Group, The Linde Group, Broad Air Conditioning, Johnson Controls, Carrier Corporation, Drake Refrigeration, The Chemours Company, Orbia, and Daikin Industries. Companies in the centrifugal chiller refrigerant market are focused on accelerating product innovation, expanding environmentally sustainable portfolios, and strengthening regulatory compliance. Many are investing in R&D to develop low-GWP and zero-ODP refrigerants that align with evolving climate policies. Strategic collaborations with HVAC manufacturers help integrate advanced refrigerants into next-gen chiller systems. Firms are also expanding their presence in high-growth regions through joint ventures, mergers, and acquisitions.

Table of Contents

Chapter 1 Methodology and Scope

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional/country
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360° synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 Refrigerant
  • 2.2.3 Compressor
  • 2.2.4 End use
  • 2.2.5 Distribution channel
• 2.3 CXO perspectives: strategic imperatives
  • 2.3.1 Key decision points for industry executives
  • 2.3.2 Critical success factors for market players
• 2.4 Future outlook and strategic recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier landscape
  • 3.1.2 Profit margin
  • 3.1.3 Value addition at each stage
  • 3.1.4 Factor affecting the value chain
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
    • 3.2.1.1 Energy efficiency regulations
    • 3.2.1.2 Growing construction industry
    • 3.2.1.3 Rising global temperatures and urbanization
  • 3.2.2 Industry pitfalls & challenges
    • 3.2.2.1 Strict environmental regulations
    • 3.2.2.2 High initial investment costs
  • 3.2.3 Opportunities
    • 3.2.3.1 Integration with IoT and smart building systems
    • 3.2.3.2 Adoption of low-GWP and natural refrigerants
    • 3.2.3.3 Expansion in emerging markets
• 3.3 Growth potential analysis
• 3.4 Future market trends
• 3.5 Technology and innovation landscape
  • 3.5.1 Current technological trends
  • 3.5.2 Emerging technologies
• 3.6 Price trends
  • 3.6.1 By region
  • 3.6.2 By refrigerant
• 3.7 Regulatory framework
  • 3.7.1 standards and compliance requirements
  • 3.7.2 Regional regulatory frameworks
  • 3.7.3 Certification standards
• 3.8 Porter's five forces analysis
• 3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 By region
    • 4.2.1.1 North America
    • 4.2.1.2 Europe
    • 4.2.1.3 Asia Pacific
    • 4.2.1.4 Latin America
    • 4.2.1.5 MEA
• 4.3 Company matrix analysis
• 4.4 Competitive analysis of major market players
• 4.5 Competitive positioning matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New product launches
  • 4.6.4 Expansion plans

Chapter 5 Market Estimates & Forecast, By Refrigerant, 2021-2034 (USD Billion) (Thousand Units)

• 5.1 Key trends
• 5.2 Standard refrigerants
• 5.3 Low GWP refrigerants
• 5.4 Hydrocarbon natural refrigerants
• 5.5 Others

Chapter 6 Market Estimates & Forecast, By Compressor, 2021-2034 (USD Billion) (Thousand Units)

• 6.1 Key trends
• 6.2 Single stage compressor
• 6.3 Multistage compressor

Chapter 7 Market Estimates & Forecast, By End Use, 2021-2034 (USD Billion) (Thousand Units)

• 7.1 Key trends
• 7.2 Oil & gas
• 7.3 Power sector
• 7.4 Chemical
• 7.5 Food & beverages
• 7.6 Electronics & electrical
• 7.7 Others (semiconductor, automotive, etc.)

Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021-2034 (USD Billion) (Thousand Units)

• 8.1 Key trends
• 8.2 Direct
• 8.3 Indirect

Chapter 9 Market Estimates & Forecast, By Region, 2021-2034 (USD Billion) (Thousand Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 France
  • 9.3.4 Italy
  • 9.3.5 Spain
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 Australia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
• 9.6 MEA
  • 9.6.1 South Africa
  • 9.6.2 Saudi Arabia
  • 9.6.3 UAE

Chapter 10 Company Profiles

• 10.1 Arkema
• 10.2 Broad Air Conditioning
• 10.3 Carrier Corporation
• 10.4 Daikin Industries
• 10.5 Drake Refrigeration
• 10.6 Honeywell International
• 10.7 Hudson Technologies
• 10.8 Johnson Controls
• 10.9 Mitsubishi Electric Corporation
• 10.10 Orbia
• 10.11 Sinochem Group
• 10.12 The Chemours Company
• 10.13 The Linde Group
• 10.14 Toshiba Corporation
• 10.15 Trane