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Europe Chillers Market Forecast to 2030 - Regional Analysis - by Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Type (Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, and Reverse Cycle Chillers), and Application (Commercial, Industrial, and Residential)

April 2024 | 85 pages | ID: EC4468C26D5CEN
The Insight Partners

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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.
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

LIST OF TABLES

Table 1. Europe Chillers Market Segmentation
Table 2. Chillers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Technology
Table 4. Europe Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Type
Table 5. Europe Chillers Market Revenue and Forecasts to 2030 (US$ Million) - Application
Table 6. Europe Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
Table 7. Germany Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 8. Germany Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 9. Germany Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 10. France Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 11. France Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 12. France Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 13. Italy Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 14. Italy Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 15. Italy Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 16. UK Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 17. UK Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 18. UK Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 19. Russia Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 20. Russia Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 21. Russia Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application
Table 22. Rest of Europe Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Technology
Table 23. Rest of Europe Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Type
Table 24. Rest of Europe Chillers Market Revenue and Forecasts to 2030 (US$ Mn) - Application


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