Chiller Market in Europe to Grow by USD 950.1 MIllion from 2025-2029, Rising Demand for Frozen Food to Drive Growth, Report on Market Evolution Powered by AI - Technavio

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The chiller market in Europe and it is set to grow by USD 950.1 million from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 5.5% during the forecast period, according to Technavio. The chiller market in Europe is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  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 Corp., 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 are some of the major market participants -. To know about the vendor offerings -Request a sample report

Chiller Market in Europe 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The chiller market in europe report covers the following areas:

• Chiller Market in Europe Size
• Chiller Market in Europe Trends
• Chiller Market in Europe Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The chiller market in Europe is fragmented, and the degree of fragmentation will accelerate. The growing demand for frozen food will offer immense growth opportunities. However, the High initial investment costs of chillers will hamper the market growth

Chiller Market in Europe 2025-2029: Drivers & Challenges

The chiller market comprises of various compressor types, including scroll and centrifugal compressors. The demand for chillers is driven by several factors. One significant driver is the increasing need for air conditioning and refrigeration systems in various industries such as healthcare, data centers, and manufacturing. Another driver is the growing trend towards energy efficiency and sustainability, leading to the adoption of advanced chiller technologies like variable frequency drives and absorption chillers. Additionally, the expansion of commercial and residential buildings in urban areas is fueling the market growth. The market also caters to the replacement demand due to the aging infrastructure of existing chillers. Overall, the chiller market is expected to grow steadily due to these key drivers.

The chiller market faces several challenges in the compression and cooling industry. Compressors and chillers are essential components in this sector. The demand for energy-efficient and cost-effective solutions is increasing. The use of advanced technologies like scroll compressors and centrifugal compressors is becoming common. However, the high initial investment and maintenance costs are significant barriers. The need for regular servicing and the availability of skilled labor are other challenges. Additionally, the increasing demand for renewable energy integration and the implementation of stringent regulations add to the complexity. The market requires innovative solutions to address these challenges and ensure sustainable growth.

To learn more about the global trends impacting the future of market research, download a PDF sample

Segment Overview 

This chiller market in Europe report extensively covers market segmentation by  

• Product Type
• Water Cooled Chiller
• Air Cooled Chiller
• Type
• Screw Chillers
• Scroll Chillers
• Centrifugal Chillers
• Others
• Geography
• Europe

1.1 Water cooled chiller-  Water-cooled chillers offer superior heat removal efficiency compared to air-cooled systems. Their use of water as a heat transfer medium results in more effective cooling, particularly in high ambient temperatures. These compact units produce lower noise levels, making them ideal for space-constrained installations and noise-sensitive applications. Water's higher heat transfer capabilities lead to better cooling rates and potential energy savings. Daikin Industries Ltd.'s water-cooled chillers deliver quality, efficiency, and energy savings for various applications, including air conditioning, industrial process cooling, and district heat source systems. The advantages of water-cooled chillers will fuel market growth in Europe during the forecast period.

To learn more, request a FREE sample

Chiller Market in Europe 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist chiller market in Europe growth during the next five years
• Estimation of the chiller market in Europe size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the chiller market in Europe across Europe
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of chiller market in Europe vendors

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/chiller-market-in-europe-to-grow-by-usd-950-1-million-from-2025-2029--rising-demand-for-frozen-food-to-drive-growth-report-on-market-evolution-powered-by-ai--technavio-302376445.html

SOURCE Technavio