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Chiller Market in Europe 2018-2022

Chiller Market in Europe 2018-2022

About this market

The advent of smart connected chillers to drive growth in the market. Factors such as the growing need to improve the reliability and performance of chillers, minimize downtime, reduce the overall maintenance costs have led to the emergence of smart connected chillers. This is one of the recent developments in the global chillers market, which is transforming the way chillers are being serviced and maintained. Technavio’ s analysts have predicted that the chiller market in Europe will register a CAGR of almost 3% by 2022.

Market Overview

Growing demand for frozen food

In the last few years, the consumption of frozen food has witnessed a gradual growth across regions, mainly due to hectic lifestyles and work schedules compelling consumers to opt for frozen fruits and vegetables for daily consumption.

Intense market competition

Some of the regional vendors in APAC sell components and parts at subsidized rates, thus adversely affecting the sales of high-quality premium products by international players. This affects the pricing strategy, R&D investments, and brand image of established international players.

For the detailed list of factors that will drive and challenge the growth of the chiller market in Europe during the 2018-2022, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Mitsubishi Electric and UNITED TECHNOLOGIES the competitive environment is quite intense. Factors such as the advent of smart connected chillers and the growing demand for frozen food, will provide considerable growth opportunities to chiller manufactures. DAIKIN INDUSTRIES, Trane (Ingersoll-Rand), Johnson Controls, LG Electronics, Mitsubishi Electric, and UNITED TECHNOLOGIES (Carrier) are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Chiller Market in Europe 2018-2022

Technavio recognizes the following companies as the key players in the chiller market in Europe: DAIKIN INDUSTRIES, Trane (Ingersoll-Rand), Johnson Controls, LG Electronics, Mitsubishi Electric, and UNITED TECHNOLOGIES (Carrier).

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the advent of smart connected chillers.”

According to the report, one of the major drivers for this market is the growing demand for frozen food.

Further, the report states that one of the major factors hindering the growth of this market is the intense market competition.

Companies Mentioned

DAIKIN INDUSTRIES
Trane (Ingersoll-Rand)
Johnson Controls
LG Electronics
Mitsubishi Electric
UNITED TECHNOLOGIES (Carrier)

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market - Global HVAC chillers market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Applications of chillers in industries
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Chiller market in Europe - Market size and forecast 2017-2022 ($ mn)
      • Table Chiller market in Europe - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Chiller market in Europe - Market share by product 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Screw chillers - Market size and forecast 2017- 2022
      • Table Screw chillers - Market size and forecast 2017-2022 ($ mn)
      • Table Screw chillers - Year-over-year growth 2018-2022 (%)
    • Scroll chillers - Market size and forecast 2017- 2022
      • Table Scroll chillers - Market size and forecast 2017-2022 ($ mn)
      • Table Features of air-cooled and water-cooled scroll chillers
      • Table Scroll chillers - Year-over-year growth 2018-2022 (%)
    • Centrifugal chillers - Market size and forecast 2017-2022
      • Table Centrifugal chillers - Market size and forecast 2017-2022 ($ mn)
      • Table Centrifugal chillers - Year-over-year growth 2018-2022 (%)
    • Other chillers - Market size and forecast 2017- 2022
      • Table Other chillers - Market size and forecast 2017-2022 ($ mn)
      • Table Other chillers - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Country segmentation
      • Table Chiller market in Europe - Market share by country 2017-2022 (%)
    • Country comparison
      • Table Country comparison
    • Italy - Market size and forecast 2017-2022
      • Table Italy - Market size and forecast 2017-2022 ($ mn)
      • Table Italy - Year over year growth 2018-2022 (%)
    • Germany - Market size and forecast 2017-2022
      • Table Germany - Market size and forecast 2017-2022 ($ mn)
      • Table Germany - Year-over-year growth 2018-2022 (%)
    • France - Market size and forecast 2017-2022
      • Table France - Market size and forecast 2017-2022 ($ mn)
      • Table France - Year-over-year growth 2018-2022 (%)
    • UK - Market size and forecast 2017-2022
      • Table UK - Market size and forecast 2017-2022 ($ mn)
      • Table UK - Year over year growth 2018-2022 (%)
    • Rest of Europe - Market size and forecast 2017- 2022
      • Table Rest of Europe - Market size and forecast 2017-2022 ($ mn)
      • Table Rest of Europe - Year-over-year growth 2018-2022 (%)
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Use of low GWP refrigerants
      • Table GWP and ODP of refrigerants
    • Advent of smart connected chillers
      • Table Benefits of smart connected chillers
    • Technological advances in chillers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive Landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DAIKIN INDUSTRIES
      • Table DAIKIN INDUSTRIES overview
      • Table DAIKIN INDUSTRIES - Business segments
      • Table DAIKIN INDUSTRIES - Organizational developments
      • Table DAIKIN INDUSTRIES - Geographic focus
      • Table DAIKIN INDUSTRIES - Segment focus
      • Table DAIKIN INDUSTRIES - Key offerings
    • Trane (Ingersoll-Rand)
      • Table Trane (Ingersoll-Rand) overview
      • Table Trane (Ingersoll-Rand) - Business segments
      • Table Trane (Ingersoll-Rand) - Organizational developments
      • Table Trane (Ingersoll-Rand) - Geographic focus
      • Table Trane (Ingersoll-Rand) - Segment focus
      • Table Trane (Ingersoll-Rand) - Key offerings
    • Johnson Controls
      • Table Johnson Controls overview
      • Table Johnson Controls - Business segments
      • Table Johnson Controls - Organizational developments
      • Table Johnson Controls - Geographic focus
      • Table Johnson Controls - Segment focus
      • Table Johnson Controls - Key offerings
    • LG Electronics
      • Table LG Electronics overview
      • Table LG Electronics - Business segments
      • Table LG Electronics - Organizational developments
      • Table LG Electronics - Geographic focus
      • Table LG Electronics - Segment focus
      • Table LG Electronics - Key offerings
    • Mitsubishi Electric
      • Table Mitsubishi Electric overview
      • Table Mitsubishi Electric - Business segments
      • Table Mitsubishi Electric - Organizational developments
      • Table Mitsubishi Electric - Geographic focus
      • Table Mitsubishi Electric - Segment focus
      • Table Mitsubishi Electric - Key offerings
    • UNITED TECHNOLOGIES (Carrier)
      • Table UNITED TECHNOLOGIES (Carrier) overview
      • Table UNITED TECHNOLOGIES (Carrier) - Business segments
      • Table UNITED TECHNOLOGIES (Carrier) - Organizational developments
      • Table UNITED TECHNOLOGIES (Carrier) - Geographic focus
      • Table UNITED TECHNOLOGIES (Carrier) - Segment focus
      • Table UNITED TECHNOLOGIES (Carrier) - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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