Global Screw Chillers Market Expected to Reach $6.5 Billion by 2031

The global screw chillers market is projected to grow from USD 4.6 billion in 2021 to USD 6.5 billion by 2031. This growth corresponds to a Compound Annual Growth Rate (CAGR) of 3.4%.

Screw chillers use screw compressors to compress air, refrigerants, or other fluids. They are widely used in industrial and commercial cooling systems. Their compact design, low noise levels, and fewer moving parts make them a popular choice over centrifugal or reciprocating chillers.

The market growth is driven by strong demand from various industries, advances in technology, and rapid urbanization worldwide. However, high costs and disruptions caused by the COVID-19 pandemic have created challenges for the industry.

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