UK Chillers Market Size & Outlook, 2023-2030
UK chillers market, 2018-2030 (US$M)
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UK chillers market highlights
- The UK chillers market generated a revenue of USD 309.1 million in 2023 and is expected to reach USD 395.2 million by 2030.
- The UK market is expected to grow at a CAGR of 3.6% 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 309.1 million |
| Market revenue in 2030 | USD 395.2 million |
| Growth rate | 3.6% (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, UK accounted for 3.1% 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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UK 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 58.69% in 2023. Horizon Databook has segmented the UK chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
In the UK, the demand for chillers is strongly influenced by government regulations and initiatives aimed at improving energy efficiency and reducing carbon emissions. The country has set ambitious targets to achieve net-zero carbon emissions by 2050. As a result, there is a growing emphasis on the adoption of energyefficient chillers to meet sustainability goals.
For instance, The Energy Performance of Buildings (England and Wales) Regulations sets standards for energy performance in buildings, encouraging the installation of energyefficient HVAC systems including chillers. These standards are expected to propel the demand for chillers in UK over the projected period.
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK chillers market , including forecasts for subscribers. This country databook contains high-level insights into UK chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK chillers market size, by by product, 2018-2030 (US$M)
UK Chillers Market Outlook Share, 2023 & 2030 (US$M)
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