Europe Chillers Market Size & Outlook, 2026-2033
Global Market
Related Markets
Europe chillers market highlights
- The Europe chillers market generated a revenue of USD 2,728.8 million in 2025.
- The market is expected to grow at a CAGR of 3.4% from 2026 to 2033.
- In terms of segment, water-cooled was the largest revenue generating product in 2025.
- Air-Cooled is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Russia is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 2,728.8 million |
| Market revenue in 2033 | USD 3,531.2 million |
| Growth rate | 3.4% (CAGR from 2026 to 2033) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air-Cooled, Water-Cooled |
| Key market players worldwide | Trane Technologies PLC Class A, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Johnson Controls International PLC, Rite-Hite, Air Products & Chemicals Inc, Honeywell International Inc, ClimaCool, Fluid Chillers, General Air Products, Rite-Temp |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.5% of the global chillers market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,731.4 million by 2033.
Europe has been placing increasing emphasis on energy efficiency and sustainability in recent years. The demand for chillers in the region is influenced by stringent regulations and initiatives aimed at reducing energy consumption and lowering greenhouse gas emissions.
For instance, the European Union has implemented directives and standards to promote the use of energy-efficient HVAC systems including chillers, encouraging both residential and commercial sectors to adopt environmentally friendly solutions.
Furthermore, the growing demand for housing in metropolitan areas, rising infrastructure development activities, and rapid modernization & repair of buildings to improve their energy efficiency are expected to contribute to the expansion of the construction sector in Europe.
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Publish Date: Jul 01, 2026
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Air Products & Chemicals Inc | View profile | 23,000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | www.airproducts.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Daikin Industries Ltd | View profile | 107,127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | www.daikin.com |
| Carrier Global Corp Ordinary Shares | View profile | 53,000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | www.corporate.carrier.com |
| Trane Technologies PLC Class A | View profile | 40,000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | www.tranetechnologies.com |
| Rite-Hite | View profile | 1001-5000 | Milwaukee, Wisconsin, United States, North America | www.ritehite.com |
| ClimaCool | View profile | 11-50 | Oklahoma City, Oklahoma, United States, North America | www.climacoolcorp.com/ |
| Fluid Chillers | View profile | - | Lansing, Michigan, United States, North America | www.fluidchillers.com/ |
| General Air Products | View profile | 101-250 | Exton, Pennsylvania, United States, North America | www.generalairproducts.com/ |
Europe Chillers Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Chillers Market Outlook will help companies and investors design strategic landscapes.
Water-Cooled was the largest segment with a revenue share of 57.99% in 2025.
Horizon Databook has segmented the Europe chillers market based on air-cooled, water-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
Europe has been placing increasing emphasis on energy efficiency and sustainability in recent years. The demand for chillers in the region is influenced by stringent regulations and initiatives aimed at reducing energy consumption and lowering greenhouse gas emissions.
For instance, the European Union has implemented directives and standards to promote the use of energy-efficient HVAC systems including chillers, encouraging both residential and commercial sectors to adopt environmentally friendly solutions.
Furthermore, the growing demand for housing in metropolitan areas, rising infrastructure development activities, and rapid modernization & repair of buildings to improve their energy efficiency are expected to contribute to the expansion of the construction sector in Europe.
- Europe Chillers Market Product Outlook (Revenue, USD Million , 2021-2033)
- Air-Cooled
- Water-Cooled
- Europe Chillers Market Compressor Type Outlook (Revenue, USD Million , 2021-2033)
- Absorption Chillers
- Scroll Chillers
- Screw Chillers
- Centrifugal Chillers
- Reciprocating Chillers
- Europe Chillers Market Application Outlook (Revenue, USD Million , 2021-2033)
- Industrial
- Residential
- Commercial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Chillers Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Chillers Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Chillers Market, 2021-2033 (US$M)
Europe chillers market statistics, by product, 2021-2033 (US$M)
