Europe Chiller Market is projected to grow at a CAGR of 6.43% between 2023 to 2028: Technavio Unveils Key Insights, Trends, and Challenges| Technavio

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Jan 25, 2024, 14:20 ET

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- The Europe Chiller Market is set for significant growth, at a projected Compound Annual Growth Rate (CAGR) of 6.43% and an increase of USD 1.07 billion between 2023 and 2028, according to a comprehensive report by Technavio. The market dynamics hinge on factors such as the growing demand for frozen food, the rise in data centers, and the increasing need for district cooling. Gain a deeper understanding of market scenarios with historical data from 2018 to 2022 and future projections for 2024-2028. Request your FREE sample report today!

Technavio has announced its latest market research report titled Chiller Market in Europe 2024-2028

Key Drivers, Trends, and Challenges:
Analyzing data from 2023 as the base year, the report highlights key drivers, trends, and challenges influencing market growth. The increase in demand for frozen food is identified as a significant driver for the Chiller Market in Europe. The frozen food category, considered a premium convenience, has witnessed a gradual rise in consumption. Factors such as changing lifestyles, busy work schedules, and technological advances like cryogenic freezing technology contribute to the growing demand for frozen food, subsequently boosting the Europe Chiller Market. However, challenges such as the high initial investment costs of chillers, especially those meeting energy efficiency standards, may hinder market growth.

Chiller Market in Europe 2021-2025: Companies Analysis and Scope
Some leading companies, including Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, and Johnson Controls International Plc, are strategically positioning themselves to strengthen their market presence. The report offers in-depth analyses of 20 market companies, categorizing them based on business approaches and market dominance. Buy the Full Report to get in-depth information.

The report also covers the following areas:

Chiller Market in Europe size
Chiller Market in Europe trends
Chiller Market in Europe industry analysis

The growing demand for frozen food is likely to emerge as one of the primary drivers of the market. However, factors such as design and operational issues may threaten the growth of the market.

Market Segmentation Overview: The Europe Chiller Market is segmented by Product Type (water cooled chiller and air-cooled chiller) and Type (screw chillers, scroll chillers, centrifugal chillers, and others). The water-cooled chiller segment that was valued at USD 1.40 billion in 2018, is projected to witness significant growth. Examine the dynamic Europe Chiller Market with a customized report tailored to your requirements. Download your free sample report now!

Chiller Market in Europe 2021-2025: Segmentation

Chiller Market in Europe is segmented as below:

Product

Screw Chillers
Scroll Chillers
Centrifugal Chillers
Other Chillers

Geography

Italy
France
Germany
UK
Rest Of Europe

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR70135

Related Reports:

The Cryocooler Market size is estimated to grow at a CAGR of 5.66% between 2022 and 2027 and the size of the market is forecast to increase by USD 816.44 million.
The automotive heating, ventilation, and air conditioning (HVAC) compressor market size is forecast to increase by USD 6.32 billion, at a CAGR of 7.68% between 2023 and 2028.

Table of Contents:

Executive Summary

Market Landscape

Market ecosystem
Impact of COVID-19 on the industrials sector
Recovery phase
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by Product
Screw chillers - Market size and forecast 2020-2025
Scroll chillers - Market size and forecast 2020-2025
Centrifugal chillers - Market size and forecast 2020-2025
Other chillers - Market size and forecast 2020-2025
Market opportunity by Product

Customer landscape

Overview

Geographic Landscape

Geographic segmentation
Geographic comparison
Italy - Market size and forecast 2020-2025
France - Market size and forecast 2020-2025
Germany - Market size and forecast 2020-2025
UK - Market size and forecast 2020-2025
Rest of Europe - Market size and forecast 2020-2025
Market opportunity by geography
Market drivers
Market challenges
Market trends

Competitive Landscape

Overview
Vendor landscape
Landscape disruption

Companies Analysis

Vendors covered
Market positioning of vendors
Carrier Global Corp.
Daikin Industries Ltd.
Haier Smart Home Co. Ltd.
Johnson Controls International Plc
Kirloskar Proprietary Ltd.
LG Electronics Inc.
Mitsubishi Electric Corp.
Panasonic Corp.
Robert Bosch GmbH
Samsung Electronics Co. Ltd.

Appendix

Scope of the report
Currency conversion rates for USUSD
Research methodology
List of abbreviations

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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: [email protected]
Website: www.technavio.com/

SOURCE Technavio