The Chiller Market in Europe is poised to expand by USD 950.1 million from 2024 to 2029, per a new Technavio report. With a compound annual growth rate (CAGR) of 5.5%, this Chiller Market Size growth is fueled by demand for Refrigeration Chillers and Chiller Innovations. Leading Chiller Manufacturers like Carrier Global Corp., Daikin Industries Ltd., and Johnson Controls International Plc drive the Chiller Industry Growth with Energy-Efficient Chillers for healthcare, data centers, and manufacturing.
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Technavio spotlights top Chiller Manufacturers in the Chiller Market:
Other players include FlaktGroup Holding GmbH, Haier Smart Home Co. Ltd., Honeywell International Inc., Kaltra GmbH, Kirloskar Group, LG Corp., MIDEA Group Co. Ltd., Modine Manufacturing Co., Nortek, Panasonic Holdings Corp., Regal Rexnord Corp., Samsung Electronics Co. Ltd., and Systemair AB. These firms boost Chiller Industry Growth via R&D and partnerships.
The Chiller Market in Europe includes Chiller Systems like Water-Cooled Chillers and Air-Cooled Chillers for Industrial Chillers and HVAC Chillers. Technavio highlights frozen food demand as a key driver, boosting Refrigeration Chillers needs. The Chiller Market Size increase of USD 950.1 million reflects its role in sustainable cooling, with Chiller Brands like Mitsubishi Electric Corp. and Trane Technologies Plc offering Chiller Technology.
Eco-Friendly Chillers and data center growth propel the market, per Chiller Market Trends. Danfoss AS and Ingersoll Rand Inc. provide Commercial Chillers enhancing performance, aligning with the 5.5% CAGR through 2029. Chiller Applications in green tech and district cooling solidify the Chiller Industry Growth, per Chiller Prices.
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The Chiller Market faces high Chiller Prices for Energy-Efficient Chillers, impacting Kaltra GmbH. Smart tech complexity challenges Haier Smart Home Co. Ltd., but Eco-Friendly Chillers compliance supports the 5.5% CAGR, per Refrigeration Chillers.
Chiller Market Trends show Chiller Innovations with AI in Chiller Systems. Honeywell International Inc. and Siemens AG embed AI for Energy-Efficient Chillers, supporting the 5.5% CAGR and USD 950.1 million growth. Screw Chillers benefit from real-time monitoring, per Chiller Technology.
Low-GWP refrigerants rise, with Danfoss AS and Panasonic Holdings Corp. leading Eco-Friendly Chillers. These Chiller Applications align with Europe’s sustainability focus, boosting Air-Cooled Chillers and Water-Cooled Chillers adoption, per Chiller Industry Growth.
Technavio segments the Chiller Market by:
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The report details healthcare and data center clients seeking Commercial Chillers. Chiller Brands like Carrier Global Corp. focus on Chiller Systems, while Ingersoll Rand Inc. targets niches. Mitsubishi Electric Corp.’s alliances and Johnson Controls International Plc’s Chiller Innovations support the USD 950.1 million growth.
Technavio’s analysis delivers insights into Chiller Market Trends, challenges, and opportunities. With forecasts and profiles, it’s key for navigating the Chiller Market. Request a sample for regional and competitive details through 2029.
Technavio, a top research firm, provides insights across 800 technologies and 50 countries. With 500+ analysts and 17,000+ reports, it serves over 100 Fortune 500 firms, empowering Chiller Industry Growth.
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