Europe Chillers Market Size, Share & Industry Trends Analysis Report By Type, By End User, By Product Type (Water Cooled Chiller and Air Cooled Chiller), By Power Range, By Country and Growth Forecast, 2023 - 2029

Europe Chillers Market Size, Share & Industry Trends Analysis Report By Type, By End User, By Product Type (Water Cooled Chiller and Air Cooled Chiller), By Power Range, By Country and Growth Forecast, 2023 - 2029


The Europe Chillers Market would witness market growth of 3.1% CAGR during the forecast period (2023-2029).

The need for cooling equipment is projected to increase due to rising temperatures caused by global warming. As a result, the market is expected to grow in using chillers because of their capacity to manage internal temperature and remove heat from the building. Commercial, residential, and industrial buildings' excess heat is removed using chillers to provide air conditioning. These devices use refrigerants to remove heat from the condenser and evaporators. The two vapor compression chillers—air-cooled and water-cooled—use an electrically powered mechanical compressor to push the refrigerant through the systems.

However, vapor absorption coolers use heat sources, like hot water or steam, to facilitate the refrigerant's flow inside the system, which allows the refrigerant to migrate across regions of various pressures and temperatures. Public infrastructures like offices, hospitals, shopping centers, and housing societies have received major investment from the governments of numerous emerging nations. The economy’s growth in construction investment due to rapid economic, industrial, and population growth is expected to positively affect the market.

Germany is home to the world's fourth-largest industry and is a significant player in pharmaceutical production in Europe. The pharmaceutical industry saw a 5.7% increase in revenue in 2019, bringing the total to 46.4 billion euros. The clinic division contributed 14% of revenue to the pharmacy segment, which generated 85% of total revenue. During the same year, sales of medications in pharmacies rose by 5.3%, reaching a total of 58.8 billion euros. More than 500 pharmaceutical companies call Germany home, including national corporations and businesses with offices abroad. This is anticipated to enhance the demand in the regional market.

The Germany market dominated the Europe Chillers Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $650.4 million by 2029. The UK market is estimated to grow at a CAGR of 2.2% during (2023 - 2029). Additionally, The France market would showcase a CAGR of 3.9% during (2023 - 2029).

Based on Type, the market is segmented into Screw Chiller, Scroll Chiller, Centrifugal Chiller and Others. Based on End User, the market is segmented into Chemicals & Petrochemicals, Food & Beverages, Medical and Others. Based on Product Type, the market is segmented into Water Cooled Chiller and Air Cooled Chiller. Based on Power Range, the market is segmented into More than 200 kW, 50-200 kW and Less than 50 kW. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries, Ltd., Dimplex Thermal Solutions, Inc. (GlenDimplex), LG Electronics (LG Corporation), Johnson Controls International PLC, PolyScience (Preston Industries, Inc.), Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.), Thermax Limited and Trane Technologies PLC.

Scope of the Study

Market Segments covered in the Report:

By Type
  • Screw Chiller
  • Scroll Chiller
  • Centrifugal Chiller
  • Others
By End User
  • Chemicals & Petrochemicals
  • Food & Beverages
  • Medical
  • Others
By Product Type
  • Water Cooled Chiller
  • Air Cooled Chiller
By Power Range
  • More than 200 kW
  • 50-200 kW
  • Less than 50 kW
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Carrier Global Corporation
  • Mitsubishi Electric Corporation
  • Daikin Industries, Ltd.
  • Dimplex Thermal Solutions, Inc. (GlenDimplex)
  • LG Electronics (LG Corporation)
  • Johnson Controls International PLC
  • PolyScience (Preston Industries, Inc.)
  • Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.)
  • Thermax Limited
  • Trane Technologies PLC
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Chillers Market, by Type
1.4.2 Europe Chillers Market, by End User
1.4.3 Europe Chillers Market, by Product Type
1.4.4 Europe Chillers Market, by Power Range
1.4.5 Europe Chillers Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Aug – 2023, Feb) Leading Players
Chapter 4. Europe Chillers Market by Type
4.1 Europe Screw Chiller Market by Country
4.2 Europe Scroll Chiller Market by Country
4.3 Europe Centrifugal Chiller Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe Chillers Market by End User
5.1 Europe Chemicals & Petrochemicals Market by Country
5.2 Europe Food & Beverages Market by Country
5.3 Europe Medical Market by Country
5.4 Europe Others Market by Country
Chapter 6. Europe Chillers Market by Product Type
6.1 Europe Water Cooled Chiller Market by Country
6.2 Europe Air Cooled Chiller Market by Country
Chapter 7. Europe Chillers Market by Power Range
7.1 Europe More than 200 kW Market by Country
7.2 Europe 50-200 kW Market by Country
7.3 Europe Less than 50 kW Market by Country
Chapter 8. Europe Chillers Market by Country
8.1 Germany Chillers Market
8.1.1 Germany Chillers Market by Type
8.1.2 Germany Chillers Market by End User
8.1.3 Germany Chillers Market by Product Type
8.1.4 Germany Chillers Market by Power Range
8.2 UK Chillers Market
8.2.1 UK Chillers Market by Type
8.2.2 UK Chillers Market by End User
8.2.3 UK Chillers Market by Product Type
8.2.4 UK Chillers Market by Power Range
8.3 France Chillers Market
8.3.1 France Chillers Market by Type
8.3.2 France Chillers Market by End User
8.3.3 France Chillers Market by Product Type
8.3.4 France Chillers Market by Power Range
8.4 Russia Chillers Market
8.4.1 Russia Chillers Market by Type
8.4.2 Russia Chillers Market by End User
8.4.3 Russia Chillers Market by Product Type
8.4.4 Russia Chillers Market by Power Range
8.5 Spain Chillers Market
8.5.1 Spain Chillers Market by Type
8.5.2 Spain Chillers Market by End User
8.5.3 Spain Chillers Market by Product Type
8.5.4 Spain Chillers Market by Power Range
8.6 Italy Chillers Market
8.6.1 Italy Chillers Market by Type
8.6.2 Italy Chillers Market by End User
8.6.3 Italy Chillers Market by Product Type
8.6.4 Italy Chillers Market by Power Range
8.7 Rest of Europe Chillers Market
8.7.1 Rest of Europe Chillers Market by Type
8.7.2 Rest of Europe Chillers Market by End User
8.7.3 Rest of Europe Chillers Market by Product Type
8.7.4 Rest of Europe Chillers Market by Power Range
Chapter 9. Company Profiles
9.1 Carrier Global Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.2 Trane Technologies PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.3 Mitsubishi Electric Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Daikin Industries Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.5 Dimplex Thermal Solutions, Inc. (GlenDimplex)
9.5.1 Company overview
9.6 Johnson Controls International PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental & Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 LG Electronics, Inc. (LG Corporation)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.1 SWOT Analysis
9.8 Thermax Limited
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Geographical Expansions:
9.9 PolyScience (Preston Industries, Inc.)
9.9.1 Company Overview
9.10. Smardt Chiller Group Inc. (Nanjing TICA Environmental Technology Co., Ltd.)
9.10.1 Company Overview

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