Italy Chiller Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)
Description
The Italy chiller market size reached around USD 285.25 Million in 2024. The market is projected to grow at a CAGR of 3.10% between 2025 and 2034 to reach nearly USD 387.09 Million by 2034. The market growth can be attributed to the growing demand for water-cooled chillers, the robust growth of the chemicals sector, increasing bioplastics production, technological advancements, and the increasing emphasis on sustainability.
Italy Chiller Market Report Summary
Description
Value
Base Year
USD Million
2024
Historical period
USD Million
2018-2024
Forecast Period
USD Million
2025-2034
Market Size 2024
USD Million
285.25
Market Size 2034
USD Million
387.09
CAGR 2018-2024
Percentage
XX%
CAGR 2025-2034
Percentage
3.10%
CAGR 2025-2034 - Market by Compressor Type
Screw Chillers
3.6%
CAGR 2025-2034 - Market by Compressor Type
Reciprocating Chillers
2.9%
CAGR 2025-2034 - Market by Type of Cooling
Water Cooled
2.6%
CAGR 2025-2034 - Market by End Use
Plastics
2.8%
Market Share by Compressor Type 2024
Scroll Chillers
35.8%
Italy Chiller Market Growth
In 2023, Italy’s textile and fashion industry witnessed a year-on-year growth of 3%. As energy prices decline and the demand for cashmere, alpaca, and woollen fabrics increase globally, the Italy textile and fashion industry is expected to witness further growth, driving the demand for absorption chillers in the country. Absorption chillers lack electric compressors, which reduces the emission of noise and the costs of electricity. They also rely on low global warming potential (GWP) refrigerants for their functioning. Within the textile industry, chillers are crucial for ensuring that dye finishings adhere to the clothes and damage to the fabric is prevented.
The growth of artificial intelligence and gen AI has led to an increase in the volume of power-dense hardware within data centres. This has necessitated the integration of liquid cooling technologies into data centres to minimise latency between various compute resources and boost capacity. Through direct-to-chip technology, cool water is circulated directly to heat-producing electrical components to reduce their temperature, lower electricity costs, and enhance the operational efficiency of data centres. Immersion cooling is another option to bring down the heat within power-intensive data centres, whereby a server is submerged into a non-conductive liquid. The proliferation of edge computing and the rise in security mechanisms within data centres are expected to accelerate the Italy chiller market development in the coming years.
Key Trends and Developments
The Italy chiller market expansion is being driven by growing adoption of hybrid chillers; rising demand for district cooling systems; increasing trend of sustainability; and technological advancements.
January 2025
Mitsubishi Heavy Industries Air Conditioning Europe (MHIAE), in partnership with Stulz S.p.A, began the mass production of air-cooled heat pump chillers in Italy. The Hydrolution PRO series of chillers, employing low GWP R32 refrigerant and featuring the RC-MCU-E remote control system, are designed for diverse applications, ranging from IT environments to residential and office space heating/cooling.
October 2024
Zudek announced its intention to launch an ammonia chiller designed for comfort cooling in the commercial HVAC sector in the upcoming year. The chiller will employ semi-hermetic screw compressors, which will allow them to be smaller and lighter while lowering the requirement for frequent maintenance.
August 2024
Northeastern Italy-based Geoclima introduced the TMH Giant range of water-cooled chillers. The chillers, featuring an oil-free centrifugal compressor, Hanbell RTM100, are capable of delivering up to 398.1 RT individually and 1,194.2 RT in parallel installations. The chillers are ideal for both process and comfort applications requiring high cooling capacity and an outlet water temperature between 39.2°F and 57.2°F.
October 2022
Mitsubishi Electric announced the launch of its latest air-source chillers and heat pumps, developed in its Italian factory. The new range, encompassing an R32 air-cooled chiller (the MECH-iS-G07) and an R32 air source reversible heat pump (the MEHP-iS-G07), operates using R32 refrigerant, features variable speed scroll compressors, and is available in seven sizes.
Rising adoption of hybrid chillers
Hybrid chillers, combining two or more cooling technologies, are gaining significant traction as they optimise energy usage, reduce operational costs, and adapt to varying conditions, which is crucial in sectors such as data centres, manufacturing, and commercial buildings.
Increasing demand for district cooling systems
The growing demand for district cooling systems is boosting the Italy chiller market revenue. District cooling systems require large-scale cooling solutions, such as chillers, that can handle the cooling needs of multiple buildings or entire districts.
Growing trend of sustainability
With a rising focus on sustainability and the introduction of stringent government regulations promoting decarbonisation, the demand for chillers integrated with improved compressors, variable speed drives (VSD), and advanced heat exchangers to optimise energy usage is increasing. Moreover, there is a growing adoption of natural refrigerants like ammonia, CO2, and hydrocarbons as an alternative to traditional HFCs.
Technological advancements
The integration of the Internet of things (IoT) in chiller systems to enable operators to detect inefficiencies, optimise energy usage, facilitate predictive maintenance, and automatically adjust the performance based on environmental conditions and cooling demand. Moreover, the growing popularity of AI-based chillers that can automatically adjust their performance based on environmental conditions and real-time demand is aiding the market.
Italy Chiller Market Trends
Technological advancements are enabling the integration of renewable energy sources (solar, wind, and geothermal) into chiller systems to provide energy for cooling, reduce carbon footprint of the cooling process, and lower dependence on conventional energy sources. Moreover, chillers equipped with smart controls are increasingly integrated with Building Management Systems (BMS) to manage heating, cooling, lighting, and other functions of buildings.
Key players in the Italy chiller market are adopting green manufacturing practices such as adopting sustainable materials, reducing waste, and minimising energy usage during the production process. There is also a rising focus on recycling chiller components like aluminium, copper, and steel to support the circular economy model.
Italy Chiller Industry Segmentation
The EMR’s report titled “Italy Chiller Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Type of Cooling
Based on end use, the market is segmented into plastics, food and beverage, chemicals and petrochemicals, and medical and pharmaceutical, among others. The medical and pharmaceutical sector is projected to grow at a CAGR of 3.6% during the forecast period of 2025-2034. Chillers are vital in transporting and storing temperature-sensitive medical goods, such as biologicals and vaccines, among others. They also play an important role in regulating temperature during different stages of pharmaceutical manufacturing like cooling of reactors and refrigeration of raw materials.
As per the Italy chiller market analysis, the plastics sector is estimated to grow at a CAGR of 2.8% between 2025 and 2034 amid the requirement for controlled temperatures in the processing and manufacturing of plastic materials. In this sector, chillers play an integral role in various processes, such as extrusion, injection moulding, and blow moulding, by offering precise temperature control.
CAGR 2025-2034 - Market by
End Use
Plastics
2.8%
Food and Beverage
XX%
Chemicals and Petrochemicals
XX%
Others
XX%
Medical and Pharmaceutical
3.6%
Leading Companies in the Italy Chiller Market
Key Italy chiller market players are focusing on offering high-efficiency chillers to industries that require precise temperature control to ensure optimal product quality. They are also integrating eco-friendly features such as heat recovery systems in chillers to reduce overall energy consumption and align with the country’s energy efficiency goals.
Trane Technologies Plc
Trane Technologies Plc, headquartered in Dublin, Ireland, and founded in 1885, is a global innovator in climate solutions and offers sustainable and efficient climate solutions to homes, buildings, and transportation services. Its leading brands include Thermo King® and Trane®, which create energy-efficient and comfortable indoor environments.
Carrier Global Corp.
Established in 1902, Carrier Global Corp. is a leader in intelligent energy and climate solutions. Headquartered in Florida, United States, the company has more than 35 brands and achieved net sales of USD 22.5 billion in 2024.
Midea Group Co. Ltd.
Midea Group Co. Ltd., founded in 1968 and headquartered in Guangdong, China, is a pioneer in the smart home industry. Boasting an employee base of over 190,000, the company has more than 80,000 granted patents.
Panasonic Holdings Corp.
Founded in 1918, Panasonic Holdings Corp. is a company that sells and develops heating and ventilation solutions, electronic appliances, and electrical equipment. Headquartered in Osaka, Japan, the company has around 90,000 employees, and its sales amounted to JPY 3,494.4 billion in 2023.
Other major players in the Italy chiller market are Daikin Industries Ltd., LG Corp., Johnson Controls International Plc, Aermec S.p.A, Mitsubishi Electric Corporation, and HYDAC International GmbH, among others.
Italy Chiller Market Report Summary
Description
Value
Base Year
USD Million
2024
Historical period
USD Million
2018-2024
Forecast Period
USD Million
2025-2034
Market Size 2024
USD Million
285.25
Market Size 2034
USD Million
387.09
CAGR 2018-2024
Percentage
XX%
CAGR 2025-2034
Percentage
3.10%
CAGR 2025-2034 - Market by Compressor Type
Screw Chillers
3.6%
CAGR 2025-2034 - Market by Compressor Type
Reciprocating Chillers
2.9%
CAGR 2025-2034 - Market by Type of Cooling
Water Cooled
2.6%
CAGR 2025-2034 - Market by End Use
Plastics
2.8%
Market Share by Compressor Type 2024
Scroll Chillers
35.8%
Italy Chiller Market Growth
In 2023, Italy’s textile and fashion industry witnessed a year-on-year growth of 3%. As energy prices decline and the demand for cashmere, alpaca, and woollen fabrics increase globally, the Italy textile and fashion industry is expected to witness further growth, driving the demand for absorption chillers in the country. Absorption chillers lack electric compressors, which reduces the emission of noise and the costs of electricity. They also rely on low global warming potential (GWP) refrigerants for their functioning. Within the textile industry, chillers are crucial for ensuring that dye finishings adhere to the clothes and damage to the fabric is prevented.
The growth of artificial intelligence and gen AI has led to an increase in the volume of power-dense hardware within data centres. This has necessitated the integration of liquid cooling technologies into data centres to minimise latency between various compute resources and boost capacity. Through direct-to-chip technology, cool water is circulated directly to heat-producing electrical components to reduce their temperature, lower electricity costs, and enhance the operational efficiency of data centres. Immersion cooling is another option to bring down the heat within power-intensive data centres, whereby a server is submerged into a non-conductive liquid. The proliferation of edge computing and the rise in security mechanisms within data centres are expected to accelerate the Italy chiller market development in the coming years.
Key Trends and Developments
The Italy chiller market expansion is being driven by growing adoption of hybrid chillers; rising demand for district cooling systems; increasing trend of sustainability; and technological advancements.
January 2025
Mitsubishi Heavy Industries Air Conditioning Europe (MHIAE), in partnership with Stulz S.p.A, began the mass production of air-cooled heat pump chillers in Italy. The Hydrolution PRO series of chillers, employing low GWP R32 refrigerant and featuring the RC-MCU-E remote control system, are designed for diverse applications, ranging from IT environments to residential and office space heating/cooling.
October 2024
Zudek announced its intention to launch an ammonia chiller designed for comfort cooling in the commercial HVAC sector in the upcoming year. The chiller will employ semi-hermetic screw compressors, which will allow them to be smaller and lighter while lowering the requirement for frequent maintenance.
August 2024
Northeastern Italy-based Geoclima introduced the TMH Giant range of water-cooled chillers. The chillers, featuring an oil-free centrifugal compressor, Hanbell RTM100, are capable of delivering up to 398.1 RT individually and 1,194.2 RT in parallel installations. The chillers are ideal for both process and comfort applications requiring high cooling capacity and an outlet water temperature between 39.2°F and 57.2°F.
October 2022
Mitsubishi Electric announced the launch of its latest air-source chillers and heat pumps, developed in its Italian factory. The new range, encompassing an R32 air-cooled chiller (the MECH-iS-G07) and an R32 air source reversible heat pump (the MEHP-iS-G07), operates using R32 refrigerant, features variable speed scroll compressors, and is available in seven sizes.
Rising adoption of hybrid chillers
Hybrid chillers, combining two or more cooling technologies, are gaining significant traction as they optimise energy usage, reduce operational costs, and adapt to varying conditions, which is crucial in sectors such as data centres, manufacturing, and commercial buildings.
Increasing demand for district cooling systems
The growing demand for district cooling systems is boosting the Italy chiller market revenue. District cooling systems require large-scale cooling solutions, such as chillers, that can handle the cooling needs of multiple buildings or entire districts.
Growing trend of sustainability
With a rising focus on sustainability and the introduction of stringent government regulations promoting decarbonisation, the demand for chillers integrated with improved compressors, variable speed drives (VSD), and advanced heat exchangers to optimise energy usage is increasing. Moreover, there is a growing adoption of natural refrigerants like ammonia, CO2, and hydrocarbons as an alternative to traditional HFCs.
Technological advancements
The integration of the Internet of things (IoT) in chiller systems to enable operators to detect inefficiencies, optimise energy usage, facilitate predictive maintenance, and automatically adjust the performance based on environmental conditions and cooling demand. Moreover, the growing popularity of AI-based chillers that can automatically adjust their performance based on environmental conditions and real-time demand is aiding the market.
Italy Chiller Market Trends
Technological advancements are enabling the integration of renewable energy sources (solar, wind, and geothermal) into chiller systems to provide energy for cooling, reduce carbon footprint of the cooling process, and lower dependence on conventional energy sources. Moreover, chillers equipped with smart controls are increasingly integrated with Building Management Systems (BMS) to manage heating, cooling, lighting, and other functions of buildings.
Key players in the Italy chiller market are adopting green manufacturing practices such as adopting sustainable materials, reducing waste, and minimising energy usage during the production process. There is also a rising focus on recycling chiller components like aluminium, copper, and steel to support the circular economy model.
Italy Chiller Industry Segmentation
The EMR’s report titled “Italy Chiller Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Type of Cooling
- Water Cooled
- Air Cooled
- Screw Chillers
- Scroll Chillers
- Reciprocating Chillers
- Centrifugal Chillers
- Absorption Chillers
- Food and Beverage
- Chemicals and Petrochemicals
- Medical and Pharmaceutical
- Plastics
- Others
Based on end use, the market is segmented into plastics, food and beverage, chemicals and petrochemicals, and medical and pharmaceutical, among others. The medical and pharmaceutical sector is projected to grow at a CAGR of 3.6% during the forecast period of 2025-2034. Chillers are vital in transporting and storing temperature-sensitive medical goods, such as biologicals and vaccines, among others. They also play an important role in regulating temperature during different stages of pharmaceutical manufacturing like cooling of reactors and refrigeration of raw materials.
As per the Italy chiller market analysis, the plastics sector is estimated to grow at a CAGR of 2.8% between 2025 and 2034 amid the requirement for controlled temperatures in the processing and manufacturing of plastic materials. In this sector, chillers play an integral role in various processes, such as extrusion, injection moulding, and blow moulding, by offering precise temperature control.
CAGR 2025-2034 - Market by
End Use
Plastics
2.8%
Food and Beverage
XX%
Chemicals and Petrochemicals
XX%
Others
XX%
Medical and Pharmaceutical
3.6%
Leading Companies in the Italy Chiller Market
Key Italy chiller market players are focusing on offering high-efficiency chillers to industries that require precise temperature control to ensure optimal product quality. They are also integrating eco-friendly features such as heat recovery systems in chillers to reduce overall energy consumption and align with the country’s energy efficiency goals.
Trane Technologies Plc
Trane Technologies Plc, headquartered in Dublin, Ireland, and founded in 1885, is a global innovator in climate solutions and offers sustainable and efficient climate solutions to homes, buildings, and transportation services. Its leading brands include Thermo King® and Trane®, which create energy-efficient and comfortable indoor environments.
Carrier Global Corp.
Established in 1902, Carrier Global Corp. is a leader in intelligent energy and climate solutions. Headquartered in Florida, United States, the company has more than 35 brands and achieved net sales of USD 22.5 billion in 2024.
Midea Group Co. Ltd.
Midea Group Co. Ltd., founded in 1968 and headquartered in Guangdong, China, is a pioneer in the smart home industry. Boasting an employee base of over 190,000, the company has more than 80,000 granted patents.
Panasonic Holdings Corp.
Founded in 1918, Panasonic Holdings Corp. is a company that sells and develops heating and ventilation solutions, electronic appliances, and electrical equipment. Headquartered in Osaka, Japan, the company has around 90,000 employees, and its sales amounted to JPY 3,494.4 billion in 2023.
Other major players in the Italy chiller market are Daikin Industries Ltd., LG Corp., Johnson Controls International Plc, Aermec S.p.A, Mitsubishi Electric Corporation, and HYDAC International GmbH, among others.
Table of Contents
109 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 Regions
- 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 Europe Chiller Market Overview
- 5.1 Key Industry Highlights
- 5.2 Europe Chiller Historical Market (2018-2024)
- 5.3 Europe Chiller Market Forecast (2025-2034)
- 6 Italy Chiller Market Overview
- 6.1 Key Industry Highlights
- 6.2 Italy Chiller Historical Market (2018-2024)
- 6.3 Italy Chiller Market Forecast (2025-2034)
- 7 Italy 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 Italy 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 Italy 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 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators of Demand
- 10.4 Key Indicators of Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profile
- 11.5.1 Daikin Industries Ltd.
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 Carrier Global Corp.
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 LG Corp.
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Johnson Controls International Plc
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Trane Technologies Plc
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Aermec S.p.A
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Panasonic Holdings Corp.
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 Mitsubishi Electric Corporation
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 Midea Group Co. Ltd.
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 HYDAC International GmbH
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 Others
Pricing
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