France Chiller Market Overview, 2029

France Chiller Market Overview, 2029

Refrigeration has a deep historical background, dating back centuries. However, the contemporary electric chiller, which revolutionised cooling technology, rose to prominence in the 1930s. Carrier Corporation achieved a critical milestone in 1931 by introducing the first centrifugal chiller. Since then, technology has advanced continuously, adapting to meet the increasingly sophisticated demands of numerous industries. France has adopted chiller technology, particularly in its industrial landscape. France's cultural and trend goals place a high value on energy efficiency and sustainability. This strategic aim is driving up demand for chillers that use environmentally friendly refrigerants and have higher efficiency ratings. Furthermore, there is a noticeable shift toward modular chillers, which are preferred for their scalability and easier maintenance procedures. France's chiller manufacturing business benefits from a combination of indigenous and foreign components. While the country relies on imports for certain chiller components, it has a strong manufacturing base, with several well-known businesses having production facilities within its borders. This combination offers a consistent supply chain for chiller manufacture, which promotes industry stability and reliability. Despite partial reliance on imports, France's well-established manufacturing infrastructure demonstrates its ability to supply domestic demand for chillers while being competitive in the global market.

According to the research report “France Chiller Market Research Report, 2029,"" published by Actual Market Research, the France Chiller market is projected to grow with more than 4.50% CAGR from 2024 to 2029. On the driving side, there is a significant increase in demand for comfort cooling, particularly in commercial buildings and data centres. Furthermore, industries including food and beverage and pharmaceuticals are becoming more reliant on chiller technology for process chilling. Growing awareness of energy efficiency and environmental restrictions drives up demand for innovative chiller solutions. However, among these drivers are challenges that require attention. Stringent regulations governing refrigerant use and disposal create significant challenges for chiller manufacturers and operators alike. The significant initial investment expenses involved with adopting modern chiller systems further prevent widespread deployment. Furthermore, volatility in raw material pricing and supply chain interruptions exacerbate the issues encountered by stakeholders in the chiller business. The European Union has taken proactive steps to combat climate change by enacting strict controls on fluorinated greenhouse gases. This regulatory framework has a direct impact on the types of refrigerants permitted for use in chillers, driving producers to innovate and find more sustainable alternatives.

In terms of product types, there are two main categories of chillers: air-cooled and water-cooled chillers. Air-cooled chillers work by transferring heat from a process fluid to the surrounding air using fans and heat exchangers, while water-cooled chillers use water as a cooling medium, circulating it through a closed loop system to absorb and dissipate heat. Within these categories, various types of chillers exist, such as screw chillers, scroll chillers, and centrifugal chillers. Screw chillers utilise rotary screw compressors, scroll chillers employ scroll compressor technology, and centrifugal chillers use centrifugal force to compress refrigerant and remove heat. These different types of chillers cater to diverse cooling requirements in applications ranging from commercial buildings to industrial processes. Additionally, the end-users of chillers can be categorised into commercial and industrial sectors, where commercial users may include businesses, offices, and retail spaces, while industrial users encompass manufacturing plants, factories, and other industrial facilities. By understanding the nuances of these product types and end-user segments, chiller manufacturers can tailor their offerings to meet the specific needs of various industries and applications, thereby optimising efficiency and performance while addressing cooling requirements effectively.

The French government's proactive approach to incentivize energy-efficient technologies, particularly chillers, creates a positive environment for industry players. These incentives are consistent with the nation's overall sustainability goals and offer a favourable climate for the adoption of innovative cooling technology. Furthermore, trade fairs like Interclima+Elec and HVAC World Expo provide vital networking opportunities and showcase cutting-edge technologies. Participating in these events not only promotes knowledge exchange, but also allows firms to demonstrate their dedication to innovation and sustainability, consequently increasing market presence. The French chiller market is segmented based on several variables, including product type (air-cooled vs. water-cooled), capacity, and application. This segmentation reflects the varying needs of consumers in a variety of industries, including commercial structures and industrial facilities. Pricing in this market fluctuates greatly based on these conditions, with the typical selling price of a chiller ranging from €10,000 to €20,000. Such pricing patterns highlight the need of recognizing customer needs and adapting solutions to fit them, thereby increasing value for both suppliers and customers. France holds a prominent role in the European chiller market landscape, while being slightly lower in size than leading nations such as Germany and Italy. Despite its size, the French chiller market closely follows greater European trends, particularly in terms of energy efficiency and sustainability. Germany and Italy dominate Europe's chiller markets, with France following suit. While France may not have the largest market size, its alignment with regional sustainability goals and technical improvements maintains its significance and growth potential in the European context.

Daikin Industries made headlines in 2021 when it introduced its new water-cooled chiller series with R-32 refrigerant, which was specifically designed to fulfil the demands of the French market. This decision demonstrates the company's commitment to sustainability and aligns with changing regulatory requirements. In 2022, Johnson Controls strengthened its foothold in the French market by acquiring Frick, a well-known manufacturer of industrial refrigeration solutions. This strategic move broadens Johnson Controls' product offering and boosts its competitive position in the region. Looking ahead to 2023, the French government's introduction of new energy efficiency regulations for commercial buildings demonstrates a continuous commitment to sustainability and underlines the market's growing demand for efficient chillers. As laws tighten, industry players will need to alter their services to meet changing requirements and capitalise on emerging opportunities in the very dynamic French chiller market. The COVID-19 pandemic caused issues for the French chiller market in 2020, resulting in modest disruptions like as short project delays and supply chain interruptions. However, the industry displayed endurance and adaptation, quickly recovering from initial setbacks and resuming growth rates. With the progressive lifting of pandemic-related limitations and renewed economic activity, the French chiller market is expected to grow steadily in the next few years. This resilience demonstrates the industry's ability to overcome hardship and its critical role in supporting important infrastructure and sustainable development goals.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Chillers market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Air Cooled Chiller
• Water Cooled Chiller

By Type
• Screw Chiller
• Scroll Chiller
• Centrifugal Chiller
• Others

By End User
• Commercial
• Industrial

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Chillers industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Chillers market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Air Cooled Chiller
• Water Cooled Chiller

By Type
• Screw Chiller
• Scroll Chiller
• Centrifugal Chiller
• Others

By End User
• Commercial
• Industrial

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Chillers industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.