Mexico became the largest chiller market in Latin America in 2015, overtaking Brazil. Its market scale in 2015 increased by 9.0% over 2014, up to US$ 100.7 million. The reciprocating chiller segment dropped, while all other types of chillers showed stable growth. The screw chiller segment approached one-half of the total market demand with a scale of US$ 48.5 million.
The Mexican government is actively promoting a free trade policy, and an increasing number of companies are advancing into Mexico. After the North American Free Trade Agreement (NAFTA) went into effect, Mexico developed into an export production hub for products destined for the United States. More recently, however, Mexico has been evolving as an export hub for products sent throughout the Americas including Central and South America.