Europe Industrial Refrigeration Systems Market Size & Outlook

The industrial refrigeration systems market in Europe is expected to reach a projected revenue of US$ 7,355.9 million by 2030. A compound annual growth rate of 5.8% is expected of Europe industrial refrigeration systems market from 2025 to 2030.
Revenue, 2024 (US$M)
$5,273.8
Forecast, 2030 (US$M)
$7,355.9
CAGR, 2025 - 2030
5.8%
Report Coverage
Europe

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Europe industrial refrigeration systems market, 2018-2030 (US$M)

Europe industrial refrigeration systems market, 2018-2030 (US$M)

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Europe industrial refrigeration systems market highlights

  • The Europe industrial refrigeration systems market generated a revenue of USD 5,273.8 million in 2024.
  • The market is expected to grow at a CAGR of 5.8% from 2025 to 2030.
  • In terms of segment, compressors was the largest revenue generating component in 2024.
  • Evaporators is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Spain is expected to register the highest CAGR from 2025 to 2030.

Europe data book summary

Market revenue in 2024USD 5,273.8 million
Market revenue in 2030USD 7,355.9 million
Growth rate5.8% (CAGR from 2025 to 2030)
Largest segmentCompressors
Fastest growing segmentEvaporators
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCompressors, Condensers, Evaporators, Controls
Key market players worldwideJohnson Controls International PLC, Emerson Electric Co, Danfoss A/S, GEA Group AG, Daikin Industries Ltd, DuPont de Nemours Inc

Other key industry trends

  • In terms of revenue, Europe region accounted for 24.7% of the global industrial refrigeration systems market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 10,044.4 million by 2030.

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Industrial Refrigeration Systems Market Companies

Name Profile # Employees HQ Website
Daikin Industries Ltd View profile 107127 Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 http://www.daikin.com
Danfoss A/S View profile 10001+ Nordborg, Syddanmark, Denmark, Europe https://www.danfoss.com
DuPont de Nemours Inc View profile 24000 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 https://www.dupont.com
GEA Group AG View profile 19581 Peter-Muller-Strasse 12, Dusseldorf, Germany, 40468 https://www.gea.com
Emerson Electric Co View profile 67000 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 https://www.emerson.com
Johnson Controls International PLC View profile 102000 One Albert Quay, Cork, Ireland, T12 X8N6 https://www.johnsoncontrols.com

Europe industrial refrigeration systems 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 industrial refrigeration systems market will help companies and investors design strategic landscapes.


Compressors was the largest segment with a revenue share of 82.26% in 2024. Horizon Databook has segmented the Europe industrial refrigeration systems market based on compressors, condensers, evaporators, controls covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe industrial refrigeration systems market , including forecasts for subscribers. This continent databook contains high-level insights into Europe industrial refrigeration systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe industrial refrigeration systems market size, by country, 2018-2030 (US$M)

Europe Industrial Refrigeration Systems Market Outlook Share, 2024 & 2030 (US$M)

Europe industrial refrigeration systems market size, by country, 2018-2030 (US$M)

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