Italy Chillers Market Size & Outlook, 2023-2030
Italy chillers market, 2018-2030 (US$M)
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Italy chillers market highlights
- The Italy chillers market generated a revenue of USD 220.4 million in 2023 and is expected to reach USD 248.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 1.7% 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 220.4 million |
| Market revenue in 2030 | USD 248.6 million |
| Growth rate | 1.7% (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, Italy accounted for 2.2% 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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Italy 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 59.71% in 2023. Horizon Databook has segmented the Italy chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Italy places a significant emphasis on energy efficiency and sustainability. The demand for chillers in Italy is driven by the need to comply with energy efficiency regulations and reduce overall energy consumption in buildings.
Italy has adopted the Energy Performance of Buildings Directive (EPBD) and established its own regulations, such as the Decreto del Presidente del Consiglio dei Ministri (DPCM), to promote energy efficiency in buildings, influencing the demand for energy-efficient chillers.
The country places a strong emphasis on energy efficiency, influencing the demand for chillers that can provide optimal conditions. Chillers provide efficient and precise cooling, contributing to optimal working conditions in commercial, industrial, and residential applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy chillers market , including forecasts for subscribers. This country databook contains high-level insights into Italy chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy chillers market size, by by product, 2018-2030 (US$M)
Italy Chillers Market Outlook Share, 2023 & 2030 (US$M)
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