Europe Industrial Cooling Systems Market Size, Share, Trends, & Industry Analysis Report By Product (Hybrid Cooling, Water Cooling, Air Cooling, Evaporative Cooling), By Offering, By Component, By End Use, By Country

Description

List of Tables

The Europe industrial cooling systems market size is expected to reach USD 11.65 billion by 2034, according to a new study by Polaris Market Research. The report "Europe Industrial Cooling Systems Market Share, Size, Trends, Industry Analysis Report By Product (Hybrid Cooling, Water Cooling, Air Cooling, Evaporative Cooling), By Component, By Offering, By End Use, By Country; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Europe industrial cooling systems are engineered thermal management solutions that regulate heat generated during industrial operations to ensure process efficiency and equipment longevity. The market is expanding due to the rising adoption of eco-friendly cooling technologies, driven by strict environmental regulations and sustainability goals. These solutions are increasingly being designed to reduce carbon footprints by utilizing low-GWP refrigerants and incorporating energy-efficient components. The transition toward greener cooling aligns with broader climate strategies, reinforcing the role of industrial cooling systems in Europe in achieving environmental compliance and operational excellence.

The integration of digital technologies, such as IoT technology-based monitoring and predictive maintenance tools, into cooling systems would contribute to the expansion opportunities during the forecast period. These advancements enable real-time performance tracking, fault detection, and optimization of system operations, enhancing reliability and reducing operational costs. Therefore, as industrial processes become more automated and data-driven, smart cooling technologies are becoming essential for ensuring thermal stability while improving system responsiveness and lifecycle management.

Europe Industrial Cooling Systems Market Report Highlights

In terms of product, the water cooling segment held a 46% revenue share in 2024, due to its high thermal efficiency and alignment with Europe's stringent energy-efficiency requirements for industries.

Based on offering, the aftermarket services segment is poised for the fastest growth, fueled by regulatory mandates for energy audits, maintenance standards, and efficiency improvements in cooling systems.

Germany led the Europe industrial cooling systems market with a 20% revenue share in 2024, supported by its robust manufacturing sector and rigorous energy-efficiency policies.

The UK accounted for 14% of the European market in 2024, driven by rising emphasis on energy-efficient industrial infrastructure and expanding automation in production facilities.

A few key market players include Alfa Laval; Baltimore Aircoil Company, Inc.; Carrier Global Corporation; Daikin Industries, Ltd.; GEA Group Aktiengesellschaft; Johnson Controls International plc; Paharpur Europe SA (Paharpur Cooling Towers Ltd.); SPIG S.p.A (AUCTUS Capital Partners AG); SPX Cooling Tech, LLC (SPX Technologies); and Trane Technologies Company, LLC.

Polaris Market Research has segmented the Europe industrial cooling systems market report on the basis of product, offering, component, end use, and country:

By Product Outlook (Revenue, USD Billion, 2020-2034)

Hybrid Cooling

Water Cooling

Air Cooling

Evaporative Cooling

By Offering (Revenue, USD Billion, 2020-2034)

Equipment

Aftermarket Services

Installation

Service

Maintenance

By Component (Revenue, USD Billion, 2020-2034)

Chillers

Heat Exchangers

Heat Pumps

Others

By End Use Outlook (Revenue, USD Billion, 2020-2034)

Utility & Power

Chemical

Food & Beverage

Pharmaceutical

Oil & Gas

Others

By Country Outlook (Revenue, USD Billion, 2020-2034)

Germany

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Product Code: PM6211

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Europe Industrial Microwave Heating Equipment Market Insights

4.1. Europe Industrial Microwave Heating Equipment Market - Market Snapshot
4.2. Europe Industrial Microwave Heating Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Expansion of Power Generation & Oil & Gas Sectors
  - 4.2.1.2. Rising Industrial Automation & Smart Cooling Solutions
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High initial & maintenance costs
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Europe Industrial Microwave Heating Equipment Market Trends
4.6. Value Chain Analysis

5. Europe Industrial Microwave Heating Equipment Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
5.3. Hybrid Cooling
- 5.3.1. Europe Industrial Microwave Heating Equipment Market, by Hybrid Cooling, by Country, 2020-2034 (USD Billion)
5.4. Water Cooling
- 5.4.1. Europe Industrial Microwave Heating Equipment Market, by Water Cooling, by Country, 2020-2034 (USD Billion)
5.5. Air Cooling
- 5.5.1. Europe Industrial Microwave Heating Equipment Market, by Air Cooling, by Country, 2020-2034 (USD Billion)
5.6. Evaporative Cooling
- 5.6.1. Europe Industrial Microwave Heating Equipment Market, by Evaporative Cooling, by Country, 2020-2034 (USD Billion)

6. Europe Industrial Microwave Heating Equipment Market, by Offering

6.1. Key Findings
6.2. Introduction
- 6.2.1. Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
6.3. Equipment
- 6.3.1. Europe Industrial Microwave Heating Equipment Market, by Equipment, by Country, 2020-2034 (USD Billion)
6.4. Aftermarket Services
- 6.4.1. Europe Industrial Microwave Heating Equipment Market, by Aftermarket Services, by Country, 2020-2034 (USD Billion)
- 6.4.2. Installation
  - 6.4.2.1. Europe Industrial Microwave Heating Equipment Market, by Installation, by Country, 2020-2034 (USD Billion)
- 6.4.3. Service
  - 6.4.3.1. Europe Industrial Microwave Heating Equipment Market, by Service, by Country, 2020-2034 (USD Billion)
- 6.4.4. Maintenance
  - 6.4.4.1. Europe Industrial Microwave Heating Equipment Market, by Maintenance, by Country, 2020-2034 (USD Billion)

7. Europe Industrial Microwave Heating Equipment Market, by Component

7.1. Key Findings
7.2. Introduction
- 7.2.1. Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
7.3. Chillers
- 7.3.1. Europe Industrial Microwave Heating Equipment Market, by Chillers, by Country, 2020-2034 (USD Billion)
7.4. Heat Exchangers
- 7.4.1. Europe Industrial Microwave Heating Equipment Market, by Heat Exchangers, by Country, 2020-2034 (USD Billion)
7.5. Heat Pumps
- 7.5.1. Europe Industrial Microwave Heating Equipment Market, by Heat Pumps, by Country, 2020-2034 (USD Billion)
7.6. Others
- 7.6.1. Europe Industrial Microwave Heating Equipment Market, by Others, by Country, 2020-2034 (USD Billion)

8. Europe Industrial Microwave Heating Equipment Market, by End Use

8.1. Key Findings
8.2. Introduction
- 8.2.1. Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
8.3. Utility & Power
- 8.3.1. Europe Industrial Microwave Heating Equipment Market, by Utility & Power, by Country, 2020-2034 (USD Billion)
8.4. Chemical
- 8.4.1. Europe Industrial Microwave Heating Equipment Market, by Chemical, by Country, 2020-2034 (USD Billion)
8.5. Food & Beverage
- 8.5.1. Europe Industrial Microwave Heating Equipment Market, by Food & Beverage, by Country, 2020-2034 (USD Billion)
8.6. Pharmaceuticals
- 8.6.1. Europe Industrial Microwave Heating Equipment Market, by Pharmaceuticals, by Country, 2020-2034 (USD Billion)
8.7. Oil & Gas
- 8.7.1. Europe Industrial Microwave Heating Equipment Market, by Oil & Gas, by Country, 2020-2034 (USD Billion)
8.8. Others
- 8.8.1. Europe Industrial Microwave Heating Equipment Market, by Others, by Country, 2020-2034 (USD Billion)

9. Europe Industrial Microwave Heating Equipment Market, by Geography

9.1. Key Findings
9.2. Introduction
- 9.2.1. Europe Industrial Microwave Heating Equipment Market Assessment, By Geography, 2020-2034 (USD Billion)
9.3. Europe Industrial Microwave Heating Equipment Market - Europe
- 9.3.1. Europe: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
- 9.3.2. Europe: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
- 9.3.3. Europe: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
- 9.3.4. Europe: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.5. Europe Industrial Microwave Heating Equipment Market - UK
  - 9.3.5.1. UK: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.5.2. UK: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.5.3. UK: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.5.4. UK: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.6. Europe Industrial Microwave Heating Equipment Market - France
  - 9.3.6.1. France: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.6.2. France: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.6.3. France: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.6.4. France: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.7. Europe Industrial Microwave Heating Equipment Market - Germany
  - 9.3.7.1. Germany: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.7.2. Germany: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.7.3. Germany: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.7.4. Germany: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.8. Europe Industrial Microwave Heating Equipment Market - Italy
  - 9.3.8.1. Italy: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.8.2. Italy: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.8.3. Italy: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.8.4. Italy: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.9. Europe Industrial Microwave Heating Equipment Market - Spain
  - 9.3.9.1. Spain: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.9.2. Spain: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.9.3. Spain: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.9.4. Spain: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.10. Europe Industrial Microwave Heating Equipment Market - Netherlands
  - 9.3.10.1. Netherlands: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.10.2. Netherlands: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.10.3. Netherlands: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.10.4. Netherlands: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.11. Europe Industrial Microwave Heating Equipment Market - Russia
  - 9.3.11.1. Russia: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.11.2. Russia: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.11.3. Russia: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.11.4. Russia: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)
- 9.3.12. Europe Industrial Microwave Heating Equipment Market - Rest of Europe
  - 9.3.12.1. Rest of Europe: Europe Industrial Microwave Heating Equipment Market, by Product, 2020-2034 (USD Billion)
  - 9.3.12.2. Rest of Europe: Europe Industrial Microwave Heating Equipment Market, by Offering, 2020-2034 (USD Billion)
  - 9.3.12.3. Rest of Europe: Europe Industrial Microwave Heating Equipment Market, by Component, 2020-2034 (USD Billion)
  - 9.3.12.4. Rest of Europe: Europe Industrial Microwave Heating Equipment Market, by End Use, 2020-2034 (USD Billion)

10. Competitive Landscape

10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles

11.1. Alfa Laval
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
11.2. Baltimore Aircoil Company, Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
11.3. Carrier Global Corporation
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
11.4. Daikin Industries, Ltd.
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
11.5. GEA Group Aktiengesellschaft
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
11.6. Johnson Controls International plc
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
11.7. Paharpur Europe SA (Paharpur Cooling Towers Ltd.)
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
11.8. SPIG S.p.A (AUCTUS Capital Partners AG)
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
11.9. SPX Cooling Tech, LLC (SPX Technologies)
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
11.10. Trane Technologies Company, LLC
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development