Europe Chillers Market Forecast to 2030 - Regional Analysis

List of Tables

The Europe chillers market is expected to grow from US$ 1,859.54 million in 2022 to US$ 2,777.45 million by 2030. It is estimated to register a CAGR of 5.1% from 2022 to 2030.

Economic Growth in Countries Across the World Boosts Europe Chillers Market

The improving economic conditions across the globe coupled with urbanization has led to the growth in the industrial sector. There has been a rise in the construction of medical centres, malls, complexes, hotels, commercial buildings, and manufacturing facilities, which propels the demand for HVAC chillers. Urbanization has changed the lifestyle of the people and increased the inclination towards safety and security. Technological developments along with the modifications in government and organizational regulations for temperature control contributes towards the growth of the Chiller market. The demand for chillers required in medical sector is anticipated to grow further. Urbanization and growing population in European countries are driving factors for growth of chillers market in this region. As per the United Nations reports, urbanization in Europe is supposed to rise by ~83.7% by 2050. According to EEA, 75% of population in EU prefers to stay in urban areas. Surging disposable income, temperature concerns, and spending on comfort and luxury are a few factors that drive the growth of the global Chillers market.

Europe Chillers Market Overview

The chillers market in Europe is sub segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Western European countries are more developed and technologically advanced than Nordic and Eastern European countries. The market growth in the region is largely attributed to the growing demand for HVAC chillers in hotels, restaurants, food and beverages industry, office buildings, and medical centers. The rising adoption of green building technologies is further expected to fuel the chillers market growth in Europe. The green buildings are known to have energy-efficient operations, lower carbon footprints, and reduced environmental impact, which is encouraging residential and commercial developers, and governments to invest in this technology. Subsequently, the demand for HVAC systems is expected to increase with the rise in application of renewable energy for heating and ventilation of premises. The surge in demand for frozen food, increase in number of data centers, and high demand for district cooling, coupled with growing application areas of scroll chillers across the industrial sector, is further contributing to the Chillers market growth in Europe. Furthermore, the rising consumption of wines in Europe such as Australian wines, growth in the number of grocery stores, and surge in food delivery services is expected to drive the growth of the Europe chillers market. Continuous proliferation of the tourism industry in Europe also adds to the demand for district cooling systems such as HVAC chillers in new hotels and public infrastructure construction projects.

Europe Chillers Market Revenue and Forecast to 2030 (US$ Million)

Europe Chillers Market Segmentation

The Europe chillers market is segmented into technology, type, application, and country.

Based on technology, the Europe chillers market is segmented into air-cooled, water-cooled, and steam-fired. The air-cooled segment held the largest share of the Europe chillers market in 2022.

In terms of type, the Europe chillers market is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, absorption chillers, modular chillers, and reverse cycle chillers. The screw chillers segment held the largest share of the Europe chillers market in 2022.

Based on application, the Europe chillers market is segmented into industrial, commercial, and residential. The industrial segment held the largest share of the Europe chillers market in 2022.

Based on country, the Europe chillers market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe chillers market in 2022.

LG Electronics Inc, Mitsubishi Electric Corp, Carrier Global Corp, Daikin Industries Ltd, Thermal Care Inc, Trane Inc, Kaltra, and Airedale International Air Conditioning Ltd are some of the leading companies operating in the Europe chillers market.

Product Code: BMIRE00030003

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Chillers Market Landscape

4.1 Overview
4.2 PEST Analysis
- 4.2.1 Europe
4.3 Ecosystem Analysis

5. Europe Chillers Market - Key Industry Dynamics

5.1 Chillers Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Rising Demand from Various Industries
- 5.2.2 Increasing Number of Data Centres to Boost Market Growth
5.3 Market Restraints
- 5.3.1 Less Efficiency in Humid Environment and High Maintenance Cost
5.4 Market Opportunities
- 5.4.1 Economic Growth in Developing Countries Across the World
5.5 Future Trends
- 5.5.1 Development of IoT enabled HVAC Chillers
5.6 Impact of Drivers and Restraints:

6. Chillers Market - Europe Market Analysis

6.1 Chillers Market Revenue (US$ Million), 2022 - 2030
6.2 Chillers Market Forecast and Analysis

7. Europe Chillers Market Analysis - Technology

7.1 Overview
- 7.1.1 Chillers market, By Technology (2022 and 2030)
7.2 Air-Cooled
- 7.2.1 Overview
- 7.2.2 Europe Air-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Water-Cooled
- 7.3.1 Overview
- 7.3.2 Europe Water-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Steam-Fired
- 7.4.1 Overview
- 7.4.2 Europe Steam-Fired Market Revenue and Forecast to 2030 (US$ Million)

8. Europe Chillers Market Analysis - Type

8.1 Overview
- 8.1.1 Europe Chillers market, By Type (2022 and 2030)
8.2 Process Chillers
- 8.2.1 Overview
- 8.2.2 Europe Process Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Scroll Chillers
- 8.3.1 Overview
- 8.3.2 Europe Scroll Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Screw Chillers
- 8.4.1 Overview
- 8.4.2 Europe Screw Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.5 Centrifugal Chillers
- 8.5.1 Overview
- 8.5.2 Europe Centrifugal Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.6 Absorption Chillers
- 8.6.1 Overview
- 8.6.2 Europe Absorption Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.7 Modular Chillers
- 8.7.1 Overview
- 8.7.2 Modular Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.8 Reverse Cycle Chillers
- 8.8.1 Overview
- 8.8.2 Europe Reverse Cycle Chillers Market Revenue, and Forecast to 2030 (US$ Million)

9. Europe Chillers Market Analysis - Application

9.1 Overview
- 9.1.1 Europe Chillers market, By Application (2022 and 2030)
9.2 Commercial
- 9.2.1 Overview
- 9.2.2 Europe Commercial Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Industrial
- 9.3.1 Overview
- 9.3.2 Europe Industrial Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Residential
- 9.4.1 Overview
- 9.4.2 Europe Residential Market Revenue, and Forecast to 2030 (US$ Million)

10. Europe Chillers Market - Country Analysis

10.1 Europe
- 10.1.1 Overview
- 10.1.2 Europe Chillers Market, By Key Country - Revenue 2022 (US$ Mn)
- 10.1.3 Europe Chillers Market Revenue and Forecasts and Analysis - By Country
  - 10.1.3.1 Europe Chillers Market Revenue and Forecasts and Analysis - By Country
  - 10.1.3.2 Germany Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.2.1 Germany Chillers Market Breakdown by Technology
    - 10.1.3.2.2 Germany Chillers Market Breakdown by Type
    - 10.1.3.2.3 Germany Chillers Market Breakdown by Application
  - 10.1.3.3 France Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.3.1 France Chillers Market Breakdown by Technology
    - 10.1.3.3.2 France Chillers Market Breakdown by Type
    - 10.1.3.3.3 France Chillers Market Breakdown by Application
  - 10.1.3.4 Italy Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.4.1 Italy Chillers Market Breakdown by Technology
    - 10.1.3.4.2 Italy Chillers Market Breakdown by Type
    - 10.1.3.4.3 Italy Chillers Market Breakdown by Application
  - 10.1.3.5 UK Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.5.1 UK Chillers Market Breakdown by Technology
    - 10.1.3.5.2 UK Chillers Market Breakdown by Type
    - 10.1.3.5.3 UK Chillers Market Breakdown by Application
  - 10.1.3.6 Russia Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.6.1 Russia Chillers Market Breakdown by Technology
    - 10.1.3.6.2 . Russia Chillers Market Breakdown by Type
    - 10.1.3.6.3 Russia Chillers Market Breakdown by Application
  - 10.1.3.7 Rest of Europe Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.7.1 Rest of Europe Chillers Market Breakdown by Technology
    - 10.1.3.7.2 Rest of Europe Chillers Market Breakdown by Type
    - 10.1.3.7.3 Rest of Europe Chillers Market Breakdown by Application

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development

12. Company Profiles

12.1 LG Electronics Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Mitsubishi Electric Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Carrier Global Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Daikin Industries Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Thermal Care, Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Trane Inc.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Kaltra
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Airedale International Air Conditioning Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners