Europe Industrial Refrigeration Systems Market Size & Outlook

The industrial refrigeration systems market in Europe is expected to reach a projected revenue of US$ 7,240.5 million by 2030. A compound annual growth rate of 5.4% is expected of Europe industrial refrigeration systems market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,018.8
Forecast, 2030 (US$M)
$7,240.5
CAGR, 2024 - 2030
5.4%
Report Coverage
Europe

Europe industrial refrigeration systems market highlights

  • The Europe industrial refrigeration systems market generated a revenue of USD 5,018.8 million in 2023.
  • The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
  • In terms of segment, compressors was the largest revenue generating component in 2023.
  • Compressors is the most lucrative component 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 2023USD 5,018.8 million
Market revenue in 2030USD 7,240.5 million
Growth rate5.4% (CAGR from 2023 to 2030)
Largest segmentCompressors
Fastest growing segmentCompressors
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCompressors, Condensers, Evaporators, Controls
Key market players worldwideJohnson Controls International PLC, Emerson Electric Co, Danfoss A/S, GEA Group AG, Daikin Industries Ltd, DuPont de Nemours Inc


Other key industry trends

  • In terms of revenue, Europe region accounted for 24.5% of the global industrial refrigeration systems 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 9,886.9 million by 2030.

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Industrial Refrigeration Systems Market Companies

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Europe industrial refrigeration systems 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 industrial refrigeration systems market will help companies and investors design strategic landscapes.


Compressors was the largest segment with a revenue share of 20.61% in 2023. Horizon Databook has segmented the Europe industrial refrigeration systems market based on compressors, condensers, evaporators, controls covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe industrial refrigeration systems market , including forecasts for subscribers. This continent databook contains high-level insights into Europe industrial refrigeration systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe industrial refrigeration systems market size, by country, 2018-2030 (US$M)

Europe Industrial Refrigeration Systems Market Outlook Share, 2023 & 2030 (US$M)

Europe industrial refrigeration systems market size, by country, 2018-2030 (US$M)

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