Chiller Market In Europe 2024-2028
The chiller market in Europe is forecasted to grow by USD 1.07 bn during 2023-2028, accelerating at a CAGR of 6.43% during the forecast period. The report on the chiller market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for frozen food, increase in number of data centers, and rising need for district cooling.
Technavio's chiller market in Europe is segmented as below:
By Product Type
- Water cooled chiller
- Air cooled chiller
By Type
- Screw chillers
- Scroll chillers
- Centrifugal chillers
- Others
This study identifies the advent of smart connected chillers as one of the prime reasons driving the chiller market in Europe growth during the next few years. Also, rise in adoption of low-gwp refrigerants and emergence of decentralized cooling systems will lead to sizable demand in the market.
The report on the chiller market in Europe covers the following areas:
- Chiller market in Europe sizing
- Chiller market in Europe forecast
- Chiller market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chiller market in Europe vendors that include Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, FlaktGroup Holding GmbH, Haier Smart Home Co. Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Kaltra GmbH, Kirloskar Group, LG Electronics Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Modine Manufacturing Co., Nortek, Panasonic Holdings Corp., Regal Rexnord Corp., Samsung Electronics Co. Ltd., Systemair AB, and Trane Technologies Plc. Also, the chiller market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.