Chiller Market in Europe 2024-2028

The chiller market in Europe is forecasted to grow by USD 1.07 bn during 2023-2028, accelerating at a CAGR of 6.43% during the forecast period. The report on the chiller market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for frozen food, increase in number of data centers, and rising need for district cooling.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.11%
CAGR	6.43%
Incremental Value	$1.07bn

Technavio's chiller market in Europe is segmented as below:

By Product Type

Water cooled chiller
Air cooled chiller

By Type

Screw chillers
Scroll chillers
Centrifugal chillers
Others

This study identifies the advent of smart connected chillers as one of the prime reasons driving the chiller market in Europe growth during the next few years. Also, rise in adoption of low-gwp refrigerants and emergence of decentralized cooling systems will lead to sizable demand in the market.

The report on the chiller market in Europe covers the following areas:

Chiller market in Europe sizing
Chiller market in Europe forecast
Chiller market in Europe industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chiller market in Europe vendors that include Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, FlaktGroup Holding GmbH, Haier Smart Home Co. Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Kaltra GmbH, Kirloskar Group, LG Electronics Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Modine Manufacturing Co., Nortek, Panasonic Holdings Corp., Regal Rexnord Corp., Samsung Electronics Co. Ltd., Systemair AB, and Trane Technologies Plc. Also, the chiller market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR70135

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

4.1 Chiller market in Europe 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on chiller market in Europe 2018 - 2022 ($ billion)
4.2 Product Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Type Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product Type

6.1 Market segments
Exhibit 29: Chart on Product Type - Market share 2023-2028 (%)
Exhibit 30: Data Table on Product Type - Market share 2023-2028 (%)
6.2 Comparison by Product Type
Exhibit 31: Chart on Comparison by Product Type
Exhibit 32: Data Table on Comparison by Product Type
6.3 Water cooled chiller - Market size and forecast 2023-2028
Exhibit 33: Chart on Water cooled chiller - Market size and forecast 2023-2028 ($ billion)
Exhibit 34: Data Table on Water cooled chiller - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Chart on Water cooled chiller - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on Water cooled chiller - Year-over-year growth 2023-2028 (%)
6.4 Air cooled chiller - Market size and forecast 2023-2028
Exhibit 37: Chart on Air cooled chiller - Market size and forecast 2023-2028 ($ billion)
Exhibit 38: Data Table on Air cooled chiller - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Chart on Air cooled chiller - Year-over-year growth 2023-2028 (%)
Exhibit 40: Data Table on Air cooled chiller - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product Type
Exhibit 41: Market opportunity by Product Type ($ billion)
Exhibit 42: Data Table on Market opportunity by Product Type ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 43: Chart on Type - Market share 2023-2028 (%)
Exhibit 44: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 Screw chillers - Market size and forecast 2023-2028
Exhibit 47: Chart on Screw chillers - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Data Table on Screw chillers - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Chart on Screw chillers - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on Screw chillers - Year-over-year growth 2023-2028 (%)
7.4 Scroll chillers - Market size and forecast 2023-2028
Exhibit 51: Chart on Scroll chillers - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Data Table on Scroll chillers - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Chart on Scroll chillers - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on Scroll chillers - Year-over-year growth 2023-2028 (%)
7.5 Centrifugal chillers - Market size and forecast 2023-2028
Exhibit 55: Chart on Centrifugal chillers - Market size and forecast 2023-2028 ($ billion)
Exhibit 56: Data Table on Centrifugal chillers - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Chart on Centrifugal chillers - Year-over-year growth 2023-2028 (%)
Exhibit 58: Data Table on Centrifugal chillers - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 59: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 60: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 62: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Type
Exhibit 63: Market opportunity by Type ($ billion)
Exhibit 64: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 66: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibit 67: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
9.2 Geographic comparison
Exhibit 68: Chart on Geographic comparison
Exhibit 69: Data Table on Geographic comparison
9.3 Germany - Market size and forecast 2023-2028
Exhibit 70: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 71: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.4 France - Market size and forecast 2023-2028
Exhibit 74: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 75: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 77: Data Table on France - Year-over-year growth 2023-2028 (%)
9.5 UK - Market size and forecast 2023-2028
Exhibit 78: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 79: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.6 Italy - Market size and forecast 2023-2028
Exhibit 82: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibit 83: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Chart on Italy - Year-over-year growth 2023-2028 (%)
Exhibit 85: Data Table on Italy - Year-over-year growth 2023-2028 (%)
9.7 Rest of Europe - Market size and forecast 2023-2028
Exhibit 86: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 87: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibit 89: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
9.8 Market opportunity By Geographical Landscape
Exhibit 90: Market opportunity By Geographical Landscape ($ billion)
Exhibit 91: Data Table on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 92: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 94: Overview on factors of disruption
11.4 Industry risks
Exhibit 95: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 96: Vendors covered
12.2 Market positioning of vendors
Exhibit 97: Matrix on vendor position and classification
12.3 Carrier Global Corp.
Exhibit 98: Carrier Global Corp. - Overview
Exhibit 99: Carrier Global Corp. - Business segments
Exhibit 100: Carrier Global Corp. - Key news
Exhibit 101: Carrier Global Corp. - Key offerings
Exhibit 102: Carrier Global Corp. - Segment focus
12.4 Daikin Industries Ltd.
Exhibit 103: Daikin Industries Ltd. - Overview
Exhibit 104: Daikin Industries Ltd. - Business segments
Exhibit 105: Daikin Industries Ltd. - Key news
Exhibit 106: Daikin Industries Ltd. - Key offerings
Exhibit 107: Daikin Industries Ltd. - Segment focus
12.5 Danfoss AS
Exhibit 108: Danfoss AS - Overview
Exhibit 109: Danfoss AS - Business segments
Exhibit 110: Danfoss AS - Key news
Exhibit 111: Danfoss AS - Key offerings
Exhibit 112: Danfoss AS - Segment focus
12.6 Haier Smart Home Co. Ltd.
Exhibit 113: Haier Smart Home Co. Ltd. - Overview
Exhibit 114: Haier Smart Home Co. Ltd. - Business segments
Exhibit 115: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 116: Haier Smart Home Co. Ltd. - Segment focus
12.7 Honeywell International Inc.
Exhibit 117: Honeywell International Inc. - Overview
Exhibit 118: Honeywell International Inc. - Business segments
Exhibit 119: Honeywell International Inc. - Key news
Exhibit 120: Honeywell International Inc. - Key offerings
Exhibit 121: Honeywell International Inc. - Segment focus
12.8 Ingersoll Rand Inc.
Exhibit 122: Ingersoll Rand Inc. - Overview
Exhibit 123: Ingersoll Rand Inc. - Business segments
Exhibit 124: Ingersoll Rand Inc. - Key offerings
Exhibit 125: Ingersoll Rand Inc. - Segment focus
12.9 Johnson Controls International Plc
Exhibit 126: Johnson Controls International Plc - Overview
Exhibit 127: Johnson Controls International Plc - Business segments
Exhibit 128: Johnson Controls International Plc - Key news
Exhibit 129: Johnson Controls International Plc - Key offerings
Exhibit 130: Johnson Controls International Plc - Segment focus
12.10 Kirloskar Group
Exhibit 131: Kirloskar Group - Overview
Exhibit 132: Kirloskar Group - Product / Service
Exhibit 133: Kirloskar Group - Key offerings
12.11 LG Electronics Inc.
Exhibit 134: LG Electronics Inc. - Overview
Exhibit 135: LG Electronics Inc. - Product / Service
Exhibit 136: LG Electronics Inc. - Key offerings
12.12 MIDEA Group Co. Ltd.
Exhibit 137: MIDEA Group Co. Ltd. - Overview
Exhibit 138: MIDEA Group Co. Ltd. - Product / Service
Exhibit 139: MIDEA Group Co. Ltd. - Key offerings
12.13 Mitsubishi Electric Corp.
Exhibit 140: Mitsubishi Electric Corp. - Overview
Exhibit 141: Mitsubishi Electric Corp. - Business segments
Exhibit 142: Mitsubishi Electric Corp. - Key news
Exhibit 143: Mitsubishi Electric Corp. - Key offerings
Exhibit 144: Mitsubishi Electric Corp. - Segment focus
12.14 Panasonic Holdings Corp.
Exhibit 145: Panasonic Holdings Corp. - Overview
Exhibit 146: Panasonic Holdings Corp. - Product / Service
Exhibit 147: Panasonic Holdings Corp. - Key news
Exhibit 148: Panasonic Holdings Corp. - Key offerings
12.15 Regal Rexnord Corp.
Exhibit 149: Regal Rexnord Corp. - Overview
Exhibit 150: Regal Rexnord Corp. - Business segments
Exhibit 151: Regal Rexnord Corp. - Key offerings
Exhibit 152: Regal Rexnord Corp. - Segment focus
12.16 Samsung Electronics Co. Ltd.
Exhibit 153: Samsung Electronics Co. Ltd. - Overview
Exhibit 154: Samsung Electronics Co. Ltd. - Business segments
Exhibit 155: Samsung Electronics Co. Ltd. - Key news
Exhibit 156: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 157: Samsung Electronics Co. Ltd. - Segment focus
12.17 Systemair AB
Exhibit 158: Systemair AB - Overview
Exhibit 159: Systemair AB - Business segments
Exhibit 160: Systemair AB - Key offerings
Exhibit 161: Systemair AB - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
13.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
13.5 List of abbreviations
Exhibit 168: List of abbreviations