Europe Chillers Market Size & Outlook, 2023-2030
Europe chillers market, 2018-2030 (US$M)
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Europe chillers market highlights
- The Europe chillers market generated a revenue of USD 2,613.7 million in 2023.
- The market is expected to grow at a CAGR of 2.5% from 2024 to 2030.
- In terms of segment, water-cooled was the largest revenue generating by product in 2023.
- Air-Cooled is the most lucrative by product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,613.7 million |
| Market revenue in 2030 | USD 3,109.9 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-Cooled, Air-Cooled |
| Key market players worldwide | Trane Technologies PLC Class A, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Johnson Controls International PLC, Rite-Hite, Air Products & Chemicals Inc, Honeywell International Inc, ClimaCool, Fluid Chillers, General Air Products, Rite-Temp |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.3% of the global chillers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,494.4 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe chillers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chillers market will help companies and investors design strategic landscapes.
Water-cooled was the largest segment with a revenue share of 57.02% in 2023. Horizon Databook has segmented the Europe chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has been placing increasing emphasis on energy efficiency and sustainability in recent years. The demand for chillers in the region is influenced by stringent regulations and initiatives aimed at reducing energy consumption and lowering greenhouse gas emissions.
For instance, the European Union has implemented directives and standards to promote the use of energy-efficient HVAC systems including chillers, encouraging both residential and commercial sectors to adopt environmentally friendly solutions.
Furthermore, the growing demand for housing in metropolitan areas, rising infrastructure development activities, and rapid modernization & repair of buildings to improve their energy efficiency are expected to contribute to the expansion of the construction sector in Europe.
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Target buyers of Europe chillers market databook
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe chillers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe chillers market size, by country, 2018-2030 (US$M)
Europe Chillers Market Outlook Share, 2023 & 2030 (US$M)
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