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Report Overview
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.
2024
Base Year
2018-2024
Historical Year
2025-2034
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.
Europe Chiller Market Size
The Europe chiller market reached around USD 1.88 billion in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching almost USD 2.96 billion by 2032.
| Europe Chiller Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 1.88 |
| Market Size 2032 | USD Billion | 2.96 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.2% |
| CAGR 2024-2032 - Market by Region | Germany | 5.9% |
| CAGR 2024-2032 - Market by Region | Italy | 5.6% |
| CAGR 2024-2032 - Market by Type of Cooling | Water Cooled | 5.9% |
| CAGR 2024-2032 - Market by End Use | Food and Beverage | 5.9% |
| Market Share by Country | United Kingdom | 11.6% |
Europe Chiller Market Outlook
- 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.
Europe Chiller Market Report Snapshots
*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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Key Questions Answered in the Report
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.
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