Europe Industrial Chillers Market Size and Forecast (2021 - 2031)

January 2026 | 150 pages | ID: E561EB2D8C06EN
The Insight Partners

Abstracts

The Europe Industrial Chillers Market is projected to grow from US$ 536.3 Million in 2024 to US$ 803.5 Million by 2031, reflecting a compound annual growth rate (CAGR) of 6.0% from 2025 to 2031.

Executive Summary and Market Analysis

The industrial chillers market in Europe is divided into several key regions: France, Germany, Italy, the UK, and the Rest of Europe. Western Europe is recognized as a highly developed area with a wide range of companies. The region boasts a robust manufacturing sector that leverages advanced technologies, including the Internet of Things (IoT), Industry 4.0, and the Industrial Internet of Things (IIoT). As technological advancements continue to rise, Europe has become a fiercely competitive market, particularly in the chemical and food & beverage manufacturing sectors, which are among the largest globally. The presence of leading manufacturers in the region is significantly driving the demand for industrial chillers in various industrial operations.

In light of the geopolitical situation following Russia's invasion of Ukraine, the energy sector has gained heightened importance in Europe, emphasizing the need for energy security and the EU's commitment to achieving net-zero emissions. To enhance energy security and meet emission reduction targets, the EU has set ambitious goals to produce 10 million metric tons of renewable hydrogen domestically and import an additional 11 million metric tons by 2030. The machinery required for hydrogen production is expected to increase the demand for cooling systems in the coming years.

Strategic Insights

Market Segmentation Analysis

• By Chiller Type: The market is categorized into Water Cooled Chillers and Air Cooled Chillers, with Water Cooled Chillers holding the largest market share in 2024.
• By Process: The market is divided into Continuous Flow Chillers and Immersion Chillers, where Continuous Flow Chillers dominate the market share in 2024.
• By Application: The market includes segments such as Industrial Manufacturing, Food and Beverage Processing, Medical Equipment, and Others, with Industrial Manufacturing leading in market share in 2024.
• By Type: The market is segmented into Machine Tool, Laser Systems, and Others, with Machine Tool holding the largest share in 2024.

Market Report Scope

Outlook

Government initiatives are increasingly focused on tackling plastic pollution and promoting recycling. As consumers become more environmentally conscious, the demand for recycled plastics is rising, leading to the establishment of new plastic recycling facilities worldwide. Notable developments include:

• April 2025: DePoly plans to launch a 500-tonne-per-year recycling plant in Monthey, Switzerland, converting PET waste into virgin-quality materials without fossil fuels.
• May 2024: Freepoint Eco-Systems announced plans for an advanced plastics recycling facility in Belgium, with an initial capacity of ~80,000 metric tons/year, scalable to ~160,000 tons.
• March 2025: Versalis opened a plant in Porto Marghera for producing plastics from mechanically recycled materials.
• TotalEnergies plans to operationalize a mechanical recycling unit in France by 2026, producing ~30,000 tons/year of high-value compounds with up to 50% recycled content.

These new recycling plants necessitate various tools, equipment, and machines for efficient operations. Industrial chillers are essential in these facilities to manage temperatures during processes like shredding, melting, and molding, preventing overheating and ensuring product quality. This demand for industrial chillers is further fueled by the launch of new recycling plants.

Country Insights

The Europe Industrial Chillers Market is segmented by country into Germany, the United Kingdom, France, Italy, Russia, and the Rest of Europe, with Germany holding the largest market share in 2024. Germany is a key hub for manufacturing in Europe, characterized by high technology adoption and a concentration of multinational companies. It is the largest energy consumer in the region, driven by extensive industrial activities and a large population. Investment in energy transition, particularly in heating and cooling systems like industrial chillers, is expected to propel market growth. However, the COVID-19 pandemic continues to impact production, with a reported 1.2% decline in 2023 compared to 2022. Key industries driving Germany's economic growth include automotive, mechanical engineering, chemicals, and electrical sectors, with major players like BASF SE, Siemens AG, and Daimler AG planning expansions to meet consumer demand.

Company Profiles

Key players in the Europe Industrial Chillers Market include Panasonic Holdings Corp, Blue Star Ltd, Mitsubishi Heavy Industries Ltd, Daikin Industries Ltd, Carrier Global Corp, Trane Technologies Plc, Stulz SpA, Johnson Controls International Plc, HYDAC International GmbH, and Thermo Fisher Scientific Inc. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to consumers.

Contents

1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macroeconomic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country-level data:

4. INDUSTRIAL CHILLERS MARKET LANDSCAPE

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 List of Vendors in the Value Chain

5. EUROPE INDUSTRIAL CHILLERS MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. INDUSTRIAL CHILLERS MARKET - EUROPE MARKET ANALYSIS

6.1 Europe Industrial Chillers Market Revenue (US$ Million), 2024 - 2031
6.2 Europe Industrial Chillers Market Forecast and Analysis

7. EUROPE INDUSTRIAL CHILLERS MARKET REVENUE ANALYSIS - BY CHILLER TYPE

7.1 Water Cooled Chillers
  7.1.1 Overview
  7.1.2 Water Cooled Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.2 Air Cooled Chillers
  7.2.1 Overview
  7.2.2 Air Cooled Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

8. EUROPE INDUSTRIAL CHILLERS MARKET REVENUE ANALYSIS - BY PROCESS

8.1 Continuous Flow Chillers
  8.1.1 Overview
  8.1.2 Continuous Flow Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.2 Immersion Chillers
  8.2.1 Overview
  8.2.2 Immersion Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

9. EUROPE INDUSTRIAL CHILLERS MARKET REVENUE ANALYSIS - BY APPLICATION

9.1 Industrial Manufacturing
  9.1.1 Overview
  9.1.2 Industrial Manufacturing: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.2 Food and Beverage Processing
  9.2.1 Overview
  9.2.2 Food and Beverage Processing: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.3 Medical Equipment
  9.3.1 Overview
  9.3.2 Medical Equipment: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.4 Others
  9.4.1 Overview
  9.4.2 Others: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

10. EUROPE INDUSTRIAL CHILLERS MARKET REVENUE ANALYSIS - BY TYPE

10.1 Machine Tool
  10.1.1 Overview
  10.1.2 Machine Tool: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.2 Laser Systems
  10.2.1 Overview
  10.2.2 Laser Systems: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.3 Others
  10.3.1 Overview
  10.3.2 Others: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

11. EUROPE INDUSTRIAL CHILLERS MARKET - COUNTRY ANALYSIS

11.1 Europe
  11.1.1 Europe Industrial Chillers Market Revenue and Forecast and Analysis - by Country
    11.1.1.1 Europe Industrial Chillers Market Revenue and Forecast and Analysis - by Country
    11.1.2.2 Germany: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      11.1.2.2.1 Germany: Europe Industrial Chillers Market Share - by Chiller Type
      11.1.2.2.2 Germany: Europe Industrial Chillers Market Share - by Process
      11.1.2.2.3 Germany: Europe Industrial Chillers Market Share - by Application
      11.1.2.2.4 Germany: Europe Industrial Chillers Market Share - by Type
    11.2.3.3 United Kingdom: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      11.2.3.3.1 United Kingdom: Europe Industrial Chillers Market Share - by Chiller Type
      11.2.3.3.2 United Kingdom: Europe Industrial Chillers Market Share - by Process
      11.2.3.3.3 United Kingdom: Europe Industrial Chillers Market Share - by Application
      11.2.3.3.4 United Kingdom: Europe Industrial Chillers Market Share - by Type
    11.3.4.4 France: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      11.3.4.4.1 France: Europe Industrial Chillers Market Share - by Chiller Type
      11.3.4.4.2 France: Europe Industrial Chillers Market Share - by Process
      11.3.4.4.3 France: Europe Industrial Chillers Market Share - by Application
      11.3.4.4.4 France: Europe Industrial Chillers Market Share - by Type
    11.4.5.5 Italy: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      11.4.5.5.1 Italy: Europe Industrial Chillers Market Share - by Chiller Type
      11.4.5.5.2 Italy: Europe Industrial Chillers Market Share - by Process
      11.4.5.5.3 Italy: Europe Industrial Chillers Market Share - by Application
      11.4.5.5.4 Italy: Europe Industrial Chillers Market Share - by Type
    11.5.6.6 Russia: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      11.5.6.6.1 Russia: Europe Industrial Chillers Market Share - by Chiller Type
      11.5.6.6.2 Russia: Europe Industrial Chillers Market Share - by Process
      11.5.6.6.3 Russia: Europe Industrial Chillers Market Share - by Application
      11.5.6.6.4 Russia: Europe Industrial Chillers Market Share - by Type
    11.6.7.7 Rest of Europe: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
      11.6.7.7.1 Rest of Europe: Europe Industrial Chillers Market Share - by Chiller Type
      11.6.7.7.2 Rest of Europe: Europe Industrial Chillers Market Share - by Process
      11.6.7.7.3 Rest of Europe: Europe Industrial Chillers Market Share - by Application
      11.6.7.7.4 Rest of Europe: Europe Industrial Chillers Market Share - by Type

12 COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13 INDUSTRY LANDSCAPE

13.1 Overview
13.2 New Product Development
13.3 Merger and Acquisition
13.4 Other Strategic Developments

14 COMPANY PROFILES

14.1 Panasonic Holdings Corp
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 Blue Star Ltd
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Mitsubishi Heavy Industries Ltd
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 Daikin Industries Ltd
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Carrier Global Corp
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 Trane Technologies Plc
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 Stulz SpA
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Johnson Controls International Plc
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 HYDAC International GmbH
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments
14.10 Thermo Fisher Scientific Inc.
  14.10.1 Key Facts
  14.10.2 Business Description
  14.10.3 Products and Services
  14.10.4 Financial Overview
  14.10.5 SWOT Analysis
  14.10.6 Key Developments

15. APPENDIX

15.1 About The Insight Partners

List Of Tables

LIST OF TABLES

Table 1. Europe Industrial Chillers Market Segmentation
Table 2. List of Vendors
Table 3. Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Table 4. Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Chiller Type
Table 5. Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Process
Table 6. Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 7. Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 8. Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Country
Table 9. Germany: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Chiller Type
Table 10. Germany: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Process
Table 11. Germany: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 12. Germany: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 13. United Kingdom: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Chiller Type
Table 14. United Kingdom: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Process
Table 15. United Kingdom: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 16. United Kingdom: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 17. France: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Chiller Type
Table 18. France: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Process
Table 19. France: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 20. France: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 21. Italy: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Chiller Type
Table 22. Italy: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Process
Table 23. Italy: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 24. Italy: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 25. Russia: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Chiller Type
Table 26. Russia: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Process
Table 27. Russia: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 28. Russia: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 29. Rest of Europe: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Chiller Type
Table 30. Rest of Europe: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Process
Table 31. Rest of Europe: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Application
Table 32. Rest of Europe: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 33. Heat Map Analysis by Key Players

List Of Figures

LIST OF FIGURES

Figure 1. Europe Industrial Chillers Market Segmentation - Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Industrial Chillers Market
Figure 4. Europe Industrial Chillers Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Europe Industrial Chillers Market Revenue (US$ Million), 2024 - 2031
Figure 7. Europe Industrial Chillers Market Share (%) - by Chiller Type, 2024 and 2031
Figure 8. Water Cooled Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 9. Air Cooled Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 10. Europe Industrial Chillers Market Share (%) - by Process, 2024 and 2031
Figure 11. Continuous Flow Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 12. Immersion Chillers: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 13. Europe Industrial Chillers Market Share (%) - by Application, 2024 and 2031
Figure 14. Industrial Manufacturing: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 15. Food and Beverage Processing: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 16. Medical Equipment: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 17. Others: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 18. Europe Industrial Chillers Market Share (%) - by Type, 2024 and 2031
Figure 19. Machine Tool: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 20. Laser Systems: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 21. Others: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 22. Europe Industrial Chillers Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 23. Germany: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 24. United Kingdom: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 25. France: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 26. Italy: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 27. Russia: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 28. Rest of Europe: Europe Industrial Chillers Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 29. Company Positioning & Concentration