Spain Chillers Market Size & Outlook, 2023-2030
Spain chillers market, 2018-2030 (US$M)
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Spain chillers market highlights
- The Spain chillers market generated a revenue of USD 177.2 million in 2023 and is expected to reach USD 214.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 2.7% 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 177.2 million |
| Market revenue in 2030 | USD 214.0 million |
| Growth rate | 2.7% (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, Spain accounted for 1.8% 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 |
|---|
Spain 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 60.44% in 2023. Horizon Databook has segmented the Spain chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The breakdown of spending components in GDP reveals a 1.3% quarter-on-quarter increase in housing investment and a 1.6% quarter-on-quarter rise in investment for other buildings and structures. Additionally, the strong performance may also be attributed to net exports of construction-related products and services.
The surge in building permits has emerged as a pivotal driver for the chillers market, reflecting robust activity in construction projects. Despite challenges posed by factors like higher interest rates and building material prices, the significant increase in licensed square meters, with a notable uptick of 43.4% in 2022 as compared to 2021 according to Eurostat data, underscores a growing demand for chillers.
The rise in both residential (+44.2%) and non-residential (+41.7%) building permits signifies a heightened need for efficient climate control solutions in diverse construction applications, propelling the demand for chillers in the market.
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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 Spain chillers market , including forecasts for subscribers. This country databook contains high-level insights into Spain chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain chillers market size, by by product, 2018-2030 (US$M)
Spain Chillers Market Outlook Share, 2023 & 2030 (US$M)
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