International. According to market analyst BSRIA, Mexico is the largest chiller market in Latin America, followed by Brazil. The combined market scale of Mexico and Brazil in 2016 recorded US$154.2 million, a year-on-year decrease of 11%.
When large roof surfaces are available, roof units provide greater flexibility in terms of installation and chillers are often preferred in Latin America for large-capacity commercial applications, such as supermarkets.
The study indicates that while Japanese manufacturers are decreasing their investments, Chinese manufacturers are aggressively investing in the Latin American market. With these growing investments, Chinese-branded air conditioning systems are expanding their market share.
In Brazil, chillers are mainly produced for local use due to high import tariffs imposed by the Brazilian government. The top three Americans, namely Carrier, York and Trane, all have chiller production facilities in Brazil.
