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The Europe chiller market reached around USD 1.88 Billion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching almost USD 3.12 Billion by 2034.
Base Year
Historical Year
Forecast Year
In 2022, it was reported that less than 10% of European households are equipped with air conditioners.
Sustainability concerns are expected to shift consumer preferences towards air cooled chillers.
Increasing demand for modern chillers from the food and beverage sector is expected to drive the market growth.
Value in USD Billion
2025-2034
Europe Chiller Market Outlook
*this image is indicative*
Europe Chiller Market Report Summary | Description | Value |
Base Year | USD Billion | 2024 |
Historical Period | USD Billion | 2018-2024 |
Forecast Period | USD Billion | 2025-2034 |
Market Size 2024 | USD Billion | 1.88 |
Market Size 2034 | USD Billion | 3.12 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 5.20% |
CAGR 2025-2034 - Market by Region | Germany | 5.9% |
CAGR 2025-2034 - Market by Region | Italy | 5.6% |
CAGR 2025-2034 - Market by Type of Cooling | Water Cooled | 5.9% |
CAGR 2025-2034 - Market by End Use | Food and Beverage | 5.9% |
Market Share by Country | United Kingdom | 11.6% |
The decarbonisation of various industries, including retail, data centre construction, HVAC manufacturing, food processing, and cold storage has necessitated the need for modern refrigerants, which have low global warming potential. This has prompted increasing innovations in refrigerant materials designed for commercial water-cooled and air-cooled chillers. For instance, Honeywell designed Sostice ze, a refrigerant that reduces the maintenance requirements of chillers by 20% and makes them 30% more lightweight and small as compared to ammonia-powered chillers. This is expected to enhance the energy efficiency of modern chillers and drive the market growth.
As major HVAC manufacturers like Johnson & Johnson expand their existing production capacities in Europe to meet the burgeoning demand for air conditioning systems, the sale of chillers is expected to grow significantly.
The anticipated growth of the European semiconductor industry is expected to enhance the demand for high-capacity industrial chillers, which deliver a cooling performance of nearly 10kW at temperatures below -99 degrees Celsius. The use of turbo-brayton technology for cooling is expected to boost the performance of chillers, and the use of eco-friendly refrigerants like neon is expected to enhance its consumer appeal. Over the forecast period, nitrogen and other chemically inert materials are expected to find increasing applications in chiller manufacturing, thereby fuelling the market expansion.
Europe Chiller Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type of Cooling:
Market Breakup by Compressor Type:
Market Breakup by End Use:
Market Breakup by Region:
CAGR 2025-2034 - Market by | Type of Cooling |
Water Cooled | 5.9% |
Air Cooled | XX% |
CAGR 2025-2034 - Market by | End Use |
Food and Beverage | 5.9% |
Plastics | 5.6% |
Chemicals and Petrochemicals | XX% |
Medical and Pharmaceutical | XX% |
Others | XX% |
CAGR 2025-2034 - Market by | Country |
Germany | 5.9% |
Italy | 5.6% |
United Kingdom | XX% |
France | XX% |
Others | XX% |
Based on country, the market is divided into Germany, the United Kingdom, France, and Italy, among others. Over the forecast period, Germany is projected to grow at a CAGR of 5.9% during 2025-2034 as the government implements its plan of integrating district heating and cooling systems into commercial and residential buildings on a large scale.
Market Share by | Country |
United Kingdom | 11.6% |
Germany | XX% |
France | XX% |
Italy | XX% |
Others | XX% |
Major market players are launching sustainable chillers for usage in the chemicals and petrochemicals sector.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached nearly USD 1.88 Billion in 2024.
The market is projected to grow at a CAGR of 5.20% between 2025 and 2034.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 3.12 Billion in 2034.
The different compressor types in the market include screw chillers, scroll chillers, reciprocating chillers, centrifugal chillers, and absorption chillers.
The different end uses of compressors are food and beverage, chemicals and petrochemicals, medical and pharmaceutical, and plastics, among others.
The major types of cooling considered in the market include water cooled and air cooled.
The different countries covered in the market report are Germany, the United Kingdom, France, and Italy, among others.
The key market players are Daikin Industries Ltd., Carrier Global Corp., LG Corp., Johnson Controls International Plc, Trane Technologies Plc, Aermec S.p.A., Panasonic Holdings Corp., Mitsubishi Electric Corporation, Midea Group Co. Ltd., and HYDAC International GmbH, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type of Cooling |
|
Breakup by Compressor Type |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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