Europe Chiller Market Report and Forecast 2025-2034
Description
The Europe chiller market reached around USD 1.88 Billion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching almost USD 3.12 Billion by 2034.
Europe Chiller Market Growth
The decarbonisation of various industries, including retail, data centre construction, HVAC manufacturing, food processing, and cold storage has necessitated the need for modern refrigerants, which have low global warming potential. This has prompted increasing innovations in refrigerant materials designed for commercial water-cooled and air-cooled chillers. For instance, Honeywell designed Sostice ze, a refrigerant that reduces the maintenance requirements of chillers by 20% and makes them 30% more lightweight and small as compared to ammonia-powered chillers. This is expected to enhance the energy efficiency of modern chillers and drive the market growth.
As major HVAC manufacturers like Johnson & Johnson expand their existing production capacities in Europe to meet the burgeoning demand for air conditioning systems, the sale of chillers is expected to grow significantly.
The anticipated growth of the European semiconductor industry is expected to enhance the demand for high-capacity industrial chillers, which deliver a cooling performance of nearly 10kW at temperatures below -99 degrees Celsius. The use of turbo-brayton technology for cooling is expected to boost the performance of chillers, and the use of eco-friendly refrigerants like neon is expected to enhance its consumer appeal. Over the forecast period, nitrogen and other chemically inert materials are expected to find increasing applications in chiller manufacturing, thereby fuelling the market expansion.
Europe Chiller Industry Segmentation
Europe Chiller Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type of Cooling:
Water Cooled
Air Cooled
Market Breakup by Compressor Type:
Screw Chillers
Scroll Chillers
Reciprocating Chillers
Centrifugal Chillers
Absorption Chillers
Market Breakup by End Use:
Food and Beverage
Chemicals and Petrochemicals
Medical and Pharmaceutical
Plastics
Others
Market Breakup by Region:
United Kingdom
Germany
France
Italy
Others
Europe Chiller Market Share
Based on country, the market is divided into Germany, the United Kingdom, France, and Italy, among others. Over the forecast period, Germany is projected to grow at a CAGR of 5.9% during 2025-2034 as the government implements its plan of integrating district heating and cooling systems into commercial and residential buildings on a large scale.
Leading Companies in the Europe Chiller Market
Major market players are launching sustainable chillers for usage in the chemicals and petrochemicals sector.
Daikin Industries Ltd.
Carrier Global Corp.
LG Corp.
Johnson Controls International Plc
Trane Technologies Plc
Aermec S.p.A.
Panasonic Holdings Corp.
Mitsubishi Electric Corporation
Midea Group Co. Ltd.
HYDAC International GmbH
Others
Europe Chiller Market Report Snapshots
Europe Chiller Market Size
Europe Chiller Market Growth
Europe Chiller Market Share
Europe Chiller Companies
Europe Chiller Market Growth
The decarbonisation of various industries, including retail, data centre construction, HVAC manufacturing, food processing, and cold storage has necessitated the need for modern refrigerants, which have low global warming potential. This has prompted increasing innovations in refrigerant materials designed for commercial water-cooled and air-cooled chillers. For instance, Honeywell designed Sostice ze, a refrigerant that reduces the maintenance requirements of chillers by 20% and makes them 30% more lightweight and small as compared to ammonia-powered chillers. This is expected to enhance the energy efficiency of modern chillers and drive the market growth.
As major HVAC manufacturers like Johnson & Johnson expand their existing production capacities in Europe to meet the burgeoning demand for air conditioning systems, the sale of chillers is expected to grow significantly.
The anticipated growth of the European semiconductor industry is expected to enhance the demand for high-capacity industrial chillers, which deliver a cooling performance of nearly 10kW at temperatures below -99 degrees Celsius. The use of turbo-brayton technology for cooling is expected to boost the performance of chillers, and the use of eco-friendly refrigerants like neon is expected to enhance its consumer appeal. Over the forecast period, nitrogen and other chemically inert materials are expected to find increasing applications in chiller manufacturing, thereby fuelling the market expansion.
Europe Chiller Industry Segmentation
Europe Chiller Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type of Cooling:
Water Cooled
Air Cooled
Market Breakup by Compressor Type:
Screw Chillers
Scroll Chillers
Reciprocating Chillers
Centrifugal Chillers
Absorption Chillers
Market Breakup by End Use:
Food and Beverage
Chemicals and Petrochemicals
Medical and Pharmaceutical
Plastics
Others
Market Breakup by Region:
United Kingdom
Germany
France
Italy
Others
Europe Chiller Market Share
Based on country, the market is divided into Germany, the United Kingdom, France, and Italy, among others. Over the forecast period, Germany is projected to grow at a CAGR of 5.9% during 2025-2034 as the government implements its plan of integrating district heating and cooling systems into commercial and residential buildings on a large scale.
Leading Companies in the Europe Chiller Market
Major market players are launching sustainable chillers for usage in the chemicals and petrochemicals sector.
Daikin Industries Ltd.
Carrier Global Corp.
LG Corp.
Johnson Controls International Plc
Trane Technologies Plc
Aermec S.p.A.
Panasonic Holdings Corp.
Mitsubishi Electric Corporation
Midea Group Co. Ltd.
HYDAC International GmbH
Others
Europe Chiller Market Report Snapshots
Europe Chiller Market Size
Europe Chiller Market Growth
Europe Chiller Market Share
Europe Chiller Companies
Table of Contents
108 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Chiller Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Chiller Historical Market (2018-2024)
- 5.3 Global Chiller Market Forecast (2025-2034)
- 5.4 Global Chiller Market Breakup by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Europe Chiller Market Overview
- 6.1 Key Industry Highlights
- 6.2 Europe Chiller Historical Market (2018-2024)
- 6.3 Europe Chiller Market Forecast (2025-2034)
- 7 Europe Chiller Market by Type of Cooling
- 7.1 Water Cooled
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Air Cooled
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Europe Chiller Market by Compressor Type
- 8.1 Screw Chillers
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Scroll Chillers
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Reciprocating Chillers
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Centrifugal Chillers
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Absorption Chillers
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 9 Europe Chiller Market by End Use
- 9.1 Food and Beverage
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Chemicals and Petrochemicals
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Medical and Pharmaceutical
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Plastics
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Europe Chiller Market by Country
- 10.1 United Kingdom
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Germany
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 France
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Supplier Selection
- 14.2 Key Global Players
- 14.3 Key Regional Players
- 14.4 Key Player Strategies
- 14.5 Company Profiles
- 14.5.1 Daikin Industries Ltd.
- 14.5.1.1 Company Overview
- 14.5.1.2 Product Portfolio
- 14.5.1.3 Demographic Reach and Achievements
- 14.5.1.4 Certifications
- 14.5.2 Carrier Global Corp.
- 14.5.2.1 Company Overview
- 14.5.2.2 Product Portfolio
- 14.5.2.3 Demographic Reach and Achievements
- 14.5.2.4 Certifications
- 14.5.3 LG Corp.
- 14.5.3.1 Company Overview
- 14.5.3.2 Product Portfolio
- 14.5.3.3 Demographic Reach and Achievements
- 14.5.3.4 Certifications
- 14.5.4 Johnson Controls International Plc
- 14.5.4.1 Company Overview
- 14.5.4.2 Product Portfolio
- 14.5.4.3 Demographic Reach and Achievements
- 14.5.4.4 Certifications
- 14.5.5 Trane Technologies Plc
- 14.5.5.1 Company Overview
- 14.5.5.2 Product Portfolio
- 14.5.5.3 Demographic Reach and Achievements
- 14.5.5.4 Certifications
- 14.5.6 Aermec S.p.A.
- 14.5.6.1 Company Overview
- 14.5.6.2 Product Portfolio
- 14.5.6.3 Demographic Reach and Achievements
- 14.5.6.4 Certifications
- 14.5.7 Panasonic Holdings Corp.
- 14.5.7.1 Company Overview
- 14.5.7.2 Product Portfolio
- 14.5.7.3 Demographic Reach and Achievements
- 14.5.7.4 Certifications
- 14.5.8 Mitsubishi Electric Corporation
- 14.5.8.1 Company Overview
- 14.5.8.2 Product Portfolio
- 14.5.8.3 Demographic Reach and Achievements
- 14.5.8.4 Certifications
- 14.5.9 Midea Group Co. Ltd.
- 14.5.9.1 Company Overview
- 14.5.9.2 Product Portfolio
- 14.5.9.3 Demographic Reach and Achievements
- 14.5.9.4 Certifications
- 14.5.10 HYDAC International GmbH
- 14.5.10.1 Company Overview
- 14.5.10.2 Product Portfolio
- 14.5.10.3 Demographic Reach and Achievements
- 14.5.10.4 Certifications
- 14.5.11 Others
Pricing
Currency Rates
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