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BSRIA Global Market Report on Chillers and Air-side Products
2017/11/26
The global chiller market in 2016 was valued as US$ 7.5 billion and the air-side market consisting of air handling units (AHUs) and fan coils was valued as US$ 7.1 billion. This has represented overall decline of 2% in value terms compared to 2015.
 
China, the world’s largest chiller and air-side market, was the main contributor to the downturn for the second year in a row. BSRIA’s latest data is showing growth to return to the chiller and air-side market in 2017 with the final data yet to be released for the year.
 
The Americas was the only region that has recorded growth in 2016 with an increase of 2% in value terms. The United States, which comprises around 80% of the region’s market value, was the main contributor to the growth in 2016. Demand mainly came from commercial office buildings while growth in many other verticals was slow.
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