Germany Chillers Market Size & Outlook, 2023-2030
Germany chillers market, 2018-2030 (US$M)
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Germany chillers market highlights
- The Germany chillers market generated a revenue of USD 577.1 million in 2023 and is expected to reach USD 709.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 3% 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.
Chillers market data book summary
| Market revenue in 2023 | USD 577.1 million |
| Market revenue in 2030 | USD 709.8 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 5.8% of the global chillers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany chillers market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 395.2 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 55.93% in 2023. Horizon Databook has segmented the Germany chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
According to Germany Trade & Invest (GTI), construction volume in Germany witnessed a significant increase from 2020 to 2021, owing to rising construction activities and infrastructural developments in Germany, according to Germany Trade & Invest.
For instance, the country is witnessing numerous construction and infrastructural development projects such as the Hochmuttinger Straße Residential Quarter, Doellen Solar Power Plant, Frechen NEOBEL Mixed-Use Development, and others.
Owing to several variables including favorable government digitization, incentives, economic confidence, resource efficiency, and a circular economy, Germany has the largest construction market in Europe. In addition, demographic change, such as an aging population, is anticipated to accelerate the building of hospitals across the country, thereby driving the demand for chillers in the coming years.
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Germany chillers market , including forecasts for subscribers. This country databook contains high-level insights into Germany chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany chillers market size, by by product, 2018-2030 (US$M)
Germany Chillers Market Outlook Share, 2023 & 2030 (US$M)
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