Europe Modular Chillers Market Size & Outlook, 2025-2033

The modular chillers market in Europe is expected to reach a projected revenue of US$ 1,146.1 million by 2033. A compound annual growth rate of 3.4% is expected of Europe modular chillers market from 2025 to 2033.
Revenue, 2024 (US$M)
$839.2
Forecast, 2033 (US$M)
$1,146.1
CAGR, 2025 - 2033
3.4%
Report Coverage
Europe

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Europe modular chillers market, 2021-2033 (US$M)

Europe modular chillers market, 2021-2033 (US$M)

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Europe modular chillers market highlights

  • The Europe modular chillers market generated a revenue of USD 839.2 million in 2024.
  • The market is expected to grow at a CAGR of 3.4% from 2025 to 2033.
  • In terms of segment, water-cooled was the largest revenue generating modular capacity in 2024.
  • Water-Cooled is the most lucrative modular capacity segment registering the fastest growth during the forecast period.


Europe data book summary

Market revenue in 2024USD 839.2 million
Market revenue in 2033USD 1,146.1 million
Growth rate3.4% (CAGR from 2025 to 2033)
Largest segmentWater-cooled
Fastest growing segmentWater-Cooled
Historical data covered2021 - 2023
Base year for estimation2024
Forecast period covered2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationWater-Cooled


Other key industry trends

  • In terms of revenue, Europe region accounted for 25.8% of the global modular chillers market in 2024.
  • 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 2,609.5 million by 2033.

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Modular Chillers Market Scope

Modular chillers market segmentation & scope
<50kW
51-100kW
101-200kW
201-300kW
>301kW
Air-Cooled
<50kW
51-100kW
101-200kW
201-300kW
>301kW
Applications
Commercial
Corporate Offices
Data Centers
Public Buildings
Mercantile & Service
Healthcare
Others (Lodging, Food Service, Education and Warehouses)
Residential
Industrial
Chemicals & Pharmaceuticals
Food & Beverage
Metal Manufacturing & Machining (Metal Anodizing, laser, stamping, welding, etc.)
Medical & Pharmaceutical
Plastics
Others (Paint lines, rubber, printing, electronics, etc)

Modular Chillers Market Companies

Name Profile # Employees HQ Website
Smardt View profile 251-500 Dorval, Quebec, Canada, North America https://www.smardt.com
Multistack View profile 101-250 Sparta, Wisconsin, United States, North America http://www.multistack.com/
Frigel View profile 101-250 Scandicci, Toscana, Italy, Europe https://www.frigel.com
Arctic Cold Storage View profile 11-50 New Bedford, Massachusetts, United States, North America https://www.arcticcoldstorage.com
Aermec View profile 11-50 Roma, Lazio, Italy, Europe http://www.aermec.com
Midea Group View profile 10001+ Beijiao, Guangdong, China, Asia https://midea-group.com
Trane Technologies PLC Class A View profile 40000 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland https://www.tranetechnologies.com
Carrier Global Corp Ordinary Shares View profile 53000 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 https://www.corporate.carrier.com
Haier Smart Home Co Ltd ADR View profile 112458 Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 https://smart-home.haier.com/cn
Daikin Industries Ltd View profile 107127 Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 http://www.daikin.com
LG Electronics Inc ADR View profile 35111 Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 https://www.lge.co.kr
Mitsubishi Electric Corp View profile 149134 Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 https://www.mitsubishielectric.com
Johnson Controls International PLC View profile 102000 One Albert Quay, Cork, Ireland, T12 X8N6 https://www.johnsoncontrols.com

Europe modular 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 modular chillers market will help companies and investors design strategic landscapes.


Water-cooled was the largest segment with a revenue share of 104.37% in 2024. Horizon Databook has segmented the Europe modular chillers market based on water-cooled covering the revenue growth of each sub-segment from 2021 to 2033.


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  • Our clientele includes a mix of modular chillers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe modular chillers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe modular chillers market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Europe Modular Chillers Market Outlook Share, 2024 & 2033 (US$M)

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