Product Code: TIPRE00029872
The Europe Industrial Chillers market size was valued at US$ 509.36 million in 2023 and is expected to reach US$ 803.53 million by 2031; it is estimated to record a CAGR of 5.9% from 2023 to 2031.
The Europe Industrial Chillers market is segmented into countries-Germany, United Kingdom, France, Italy, and Rest of Europe. Germany dominated the market in 2023, followed by UK and Italy respectively. In terms of revenue, Geramy held significant the industrial chillers market share in 2023. Owing to the high rate of technology adoption, coupled with the presence of various multinational companies, Germany serves as a significant expansion base for the manufacturing sector in Europe. Germany's energy consumption is significant, making it the largest energy consumer in the region, surpassing France by 40%. The country's consumption levels are driven by its extensive industrial and economic activities and its massive population. In addition, a rise in investment toward energy transition by investing in heating and cooling systems such as industrial chillers are expected to boost the market in the coming years. However, the impacts of the COVID-19 outbreak are still impacting production in the manufacturing industry. The production dropped by 1.2% in 2023 as compared to 2022. Four key industries driving the economic growth of the country include automotive, mechanical engineering, chemical, and electrical industries. BASF SE, Siemens AG, Daimler AG, and other major players have established manufacturing facilities in the country. These companies are planning to expand their facilities to boost production as well as fulfill consumer demand across the country. Therefore, the expansion of these industries is anticipated to fuel the industrial chillers market growth in the coming years in Germany.
By application, the market is divided into continuous flow chillers and immersion chillers. The continuous flow chillers segment held the largest Industrial Chillers market share in 2023. Continuous-flow industrial chillers combine a continuous flow of temperature-controlled fluid at high pressure to remove heat from devices, materials, and components. Continuous flow chillers also help automate various chemical and scientific workflows and processes in the industries. The expansion of various industries, including chemical, pharmaceutical, petrochemical, hydrogen, automotive, and others, which have constant temperature requirements, are anticipated to fuel the demand for continuous flow chillers during the forecast period. For instance, in July 2024, ESTEVE (pharmaceutical company) invested ~US$ 110 million to expand its manufacturing operations in Catalonia, Spain.
Pfannenberg Group Holding GmbH, Frigel Firenze SpA, Eurodifroid, MTA S.p.A., Daikin Industries Ltd, ait-deutschland GmbH, HYFRA Industrial Cooling Systems GmbH, Stulz SpA, DELTATHERM Hirmer GmbH, technotrans SE, and Riedel Kooling are among the key Industrial Chillers market players that are profiled in this market study.
The overall Europe Industrial Chillers market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe Industrial Chillers size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Industrial Chillers market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
4. Europe Industrial Chillers Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
5. Europe Industrial Chillers Market - Key Market Dynamics
- 5.1 Europe Industrial Chillers Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Rise in Adoption of Industrial Chillers for Energy-Efficient Operations in Industries
- 5.2.2 Government Initiatives and Regulations Toward Reducing Carbon Emission
- 5.2.3 Growing Demand for Industrial Chillers from Pharmaceutical and Food & Beverages Industries
- 5.3 Market Restraints
- 5.3.1 High Overall Investment in Industrial Chillers
- 5.4 Market Opportunities
- 5.4.1 Key Strategic Developments in Industrial Chillers
- 5.5 Future Trends
- 5.5.1 Rise in Energy Transition Goals
- 5.6 Impact of Drivers and Restraints:
6. Europe Industrial Chillers Market Analysis
- 6.1 Europe Industrial Chillers Market Revenue (US$ Million), 2021-2031
- 6.2 Europe Industrial Chillers Market Forecast and Analysis
7. Europe Industrial Chillers Market Analysis - by Chiller Type
- 7.1 Water Cooled Chillers
- 7.1.1 Overview
- 7.1.2 Water Cooled Chillers: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Air Cooled Chillers
- 7.2.1 Overview
- 7.2.2 Air Cooled Chillers: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
8. Europe Industrial Chillers Market Analysis - by Process
- 8.1 Continuous Flow Chillers
- 8.1.1 Overview
- 8.1.2 Continuous Flow Chillers: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 Immersion Chillers
- 8.2.1 Overview
- 8.2.2 Immersion Chillers: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
9. Europe Industrial Chillers Market Analysis - by Application
- 9.1 Industrial Manufacturing
- 9.1.1 Overview
- 9.1.2 Industrial Manufacturing: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.3 Machine Tool
- 9.1.3.1 Overview
- 9.1.3.2 Machine Tool: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.4 Laser Systems
- 9.1.4.1 Overview
- 9.1.4.2 Laser Systems: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.5 Others
- 9.1.5.1 Overview
- 9.1.5.2 Others: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2 Food and Beverage Processing
- 9.2.1 Overview
- 9.2.2 Food and Beverage Processing: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3 Medical Equipment
- 9.3.1 Overview
- 9.3.2 Medical Equipment: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4 Others
- 9.4.1 Overview
- 9.4.2 Others: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
10. Europe Industrial Chillers Market - Country Analysis
- 10.1 Europe
- 10.1.1 Europe Industrial Chillers Market Breakdown by Countries
- 10.1.2 Europe Industrial Chillers Market Revenue and Forecast and Analysis - by Country
- 10.1.2.1 Europe Industrial Chillers Market Revenue and Forecast and Analysis - by Country
- 10.1.2.2 Germany: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.2.2.1 Germany: Europe Industrial Chillers Market Breakdown by Chiller Type
- 10.1.2.2.2 Germany: Europe Industrial Chillers Market Breakdown by Process
- 10.1.2.2.3 Germany: Europe Industrial Chillers Market Breakdown by Application
- 10.1.2.2.4 Germany: Europe Industrial Chillers Market Breakdown by Type
- 10.1.2.3 United Kingdom: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.2.3.1 United Kingdom: Europe Industrial Chillers Market Breakdown by Chiller Type
- 10.1.2.3.2 United Kingdom: Europe Industrial Chillers Market Breakdown by Process
- 10.1.2.3.3 United Kingdom: Europe Industrial Chillers Market Breakdown by Application
- 10.1.2.3.4 United Kingdom: Europe Industrial Chillers Market Breakdown by Type
- 10.1.2.4 France: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.2.4.1 France: Europe Industrial Chillers Market Breakdown by Chiller Type
- 10.1.2.4.2 France: Europe Industrial Chillers Market Breakdown by Process
- 10.1.2.4.3 France: Europe Industrial Chillers Market Breakdown by Application
- 10.1.2.4.4 France: Europe Industrial Chillers Market Breakdown by Type
- 10.1.2.5 Italy: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.2.5.1 Italy: Europe Industrial Chillers Market Breakdown by Chiller Type
- 10.1.2.5.2 Italy: Europe Industrial Chillers Market Breakdown by Process
- 10.1.2.5.3 Italy: Europe Industrial Chillers Market Breakdown by Application
- 10.1.2.5.4 Italy: Europe Industrial Chillers Market Breakdown by Type
- 10.1.2.6 Rest of Europe: Europe Industrial Chillers Market - Revenue and Forecast to 2031 (US$ Million)
- 10.1.2.6.1 Rest of Europe: Europe Industrial Chillers Market Breakdown by Chiller Type
- 10.1.2.6.2 Rest of Europe: Europe Industrial Chillers Market Breakdown by Process
- 10.1.2.6.3 Rest of Europe: Europe Industrial Chillers Market Breakdown by Application
- 10.1.2.6.4 Rest of Europe: Europe Industrial Chillers Market Breakdown by Type
11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.2 Company Positioning & Concentration
12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 Product Development
- 12.4 Mergers & Acquisitions
13. Company Profiles
- 13.1 Pfannenberg Group Holding GmbH
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Frigel Firenze SpA
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Eurodifroid
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 MTA S.p.A.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Daikin Industries Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 ait-deutschland GmbH
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 HYFRA Industrial Cooling Systems GmbH
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Stulz SpA
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 DELTATHERM Hirmer GmbH
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 technotrans SE
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 13.11 Riedel Kooling
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
14. Appendix
- 14.1 Word Index
- 14.2 About The Insight Partners