Europe Industrial Chillers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Water Cooled Chillers and Air Cooled Chillers), Process (Continuous Flow Chillers and Immersion Chillers), and Application (Food and Beverages Processing, Medical Equipment, Industrial Manufacturing, and Others)
Market Report I 2023-04-03 I 150 Pages I The Insight Partners
The Europe industrial chillers market is projected to grow from US$ 507.35 million in 2021 to US$ 700.98 million by 2028; it is expected to record a CAGR of 5.0% from 2021 to 2028.
Increasing demand for process cooling in industrial applications and rising adoption from the manufacturing industries are driving the growth of the industrial chillers market. Further, rapid industrialization among European countries is expected to provide lucrative opportunities for the market growth during the forecast period. Technological advancement in industrial chillers is emerging as a significant trend in the industrial chillers market during 2022-2028.
Industrial chillers are an integral part of various industrial processes. In manufacturing, an industrial chiller is used to lower the temperature of machinery, industrial spaces, and process fluids. Industrial chillers provide a constant stream of coolant in manufacturing and laboratory processes. The chillers are essential for temperature regulation in several industrial processes such as injection molding, metal plating, and oilfield production. Industrial chiller systems can be used for cooling operations in diverse manufacturing. A chiller can help prevent temperature extremes in offices and other working spaces in manufacturing plants, where heavy-duty machinery generates a lot of heat.
Immersion chilling is the widely used oldest chilling method. The method offers fast chilling in a compact space. Immersion chillers can be equipped with screws or paddles that use less floor space and are energy efficient. The operation of an immersion chiller is simple by design. Water is continuously pumped from an external closed-loop chiller through a cooling coil made of steel or copper. As the cool water flows through the coil, it absorbs heat from the wort mix, reducing its temperature. Immersion chiller coils are cheap to purchase and economical to operate, driving the industrial chillers market growth for immersion chilling segment. Continuous flow chillers are majorly used when an industrial process requires constant temperature permanently. These chillers have widespread application for temperature control of cooling lubricants in filtration processes in metalworking, during drilling, grinding, or milling. Continuous cooling can also be used in the machining of plastics. The increasing use of continuous-flow chillers in industrial processes is driving the industrial chillers market growth for continuous flow chillers segment.
The Europe industrial chillers market is segmented on the basis of type, process, application, and geography. Based on type, the industrial chillers market is segmented into water-cooled chillers and air-cooled chillers. Based on process, the industrial chillers market is bifurcated into continuous flow chillers and immersion chillers. Based on application, the industrial chillers market is segmented into food and beverage processing, medical equipment, industrial manufacturing, and others. By geography, the industrial chillers market is segmented into Germany, France, and the rest of Europe.
Drake Refrigeration Inc.; HYFRA Industriekuhlanlagen GmbH; All Kote Lining, Inc.; Thermal Care; Dimplex Thermal Solution; Cold Shot Chillers; Delta T Systems; KKT Chillers; Carmichael; Legal Chillers Inc and others are key market players operating in the industrial chillers market and profiled in this market study.
The overall industrial chillers market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the industrial chillers market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the industrial chillers market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Industrial Chillers Market - By Type
1.3.2 Industrial Chillers Market - By Process
1.3.3 Industrial Chillers Market - By Application
1.3.4 Industrial Chillers Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Industrial Chillers Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Global: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
4.5.2 US: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
4.5.2.1 US: Industrial Chillers Market, By Type
4.5.2.2 US: Industrial Chillers Market, By Process
4.5.2.3 US: Industrial Chillers Market, By Application
4.5.2.3.1 US: Industrial Chillers Market, By Industrial Manufacturing
5. Industrial Chillers Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption from the Manufacturing Industry
5.1.2 Increasing Demand For Process Cooling In Industrial Applications
5.2 Market Restraints
5.2.1 Fluctuating Cost of Raw Materials and High Initial Investment
5.3 Market Opportunities
5.3.1 Rapid industrialization Among European Countries
5.4 Future Trends
5.4.1 Technological Advancement in Industrial Chillers
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Chillers Market - Europe Analysis
6.1 Europe Industrial Chillers Market Overview
6.2 Market Positioning - Five Key Players
7. Industrial Chillers Market Analysis - By Type
7.1 Overview
7.2 Industrial Chillers Market Revenue Breakdown, By Type (2021 and 2028)
7.3 Water-Cooled Chillers
7.3.1 Overview
7.3.2 Water-Cooled Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Water-Cooled Chillers
7.4.1 Overview
7.4.2 Air-Cooled Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
8. Industrial Chillers Market Analysis - By Process
8.1 Overview
8.2 Industrial Chillers Market Revenue Breakdown, By Process (2021 and 2028)
8.3 Continuous Flow Chillers
8.3.1 Overview
8.3.2 Continuous Flow Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
8.4 Immersion Chillers
8.4.1 Overview
8.4.2 Immersion Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
9. Industrial Chillers Market Analysis - By Application
9.1 Overview
9.2 Industrial Chillers Market Revenue Breakdown, By Process (2021 and 2028)
9.3 Food And Beverage Processing
9.3.1 Overview
9.3.2 Food and Beverage Processing: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
9.4 Medical Equipment
9.4.1 Overview
9.4.2 Medical Equipment: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
9.5 Industrial Manufacturing
9.5.1 Overview
9.5.2 Industrial Manufacturing: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
9.5.3 Machine Tool
9.5.3.1 Overview
9.5.3.2 Machine Tool: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
9.5.4 Laser Systems
9.5.4.1 Overview
9.5.4.2 Laser Systems: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
9.5.5 Others
9.5.5.1 Overview
9.5.5.2 Others: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
10. Industrial Chillers Market - Geographic Analysis
10.1 Overview
10.1.1 Germany: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1 Germany: Industrial Chillers Market, By Type
10.1.1.2 Germany: Industrial Chillers Market, By Process
10.1.1.3 Germany: Industrial Chillers Market, By Application
10.1.1.3.1 Germany: Industrial Chillers Market, By Industrial Manufacturing
10.1.2 France: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1 France: Industrial Chillers Market, By Type
10.1.2.2 France: Industrial Chillers Market, By Process
10.1.2.3 France: Industrial Chillers Market, By Application
10.1.2.3.1 France: Industrial Chillers Market, By Industrial Manufacturing
10.1.3 Rest of Europe: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.3.1 Rest of Europe: Industrial Chillers Market, By Type
10.1.3.2 Rest of Europe: Industrial Chillers Market, By Process
10.1.3.3 Rest of Europe: Industrial Chillers Market, By Application
10.1.3.3.1 Rest of Europe: Industrial Chillers Market, By Industrial Manufacturing
11. Impact of COVID-19 Pandemic on Europe Industrial Chillers Market
11.1 Overview
11.2 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Stulz SpA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Pfannenberg Group Holding GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 ait-deutschland GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Frigel Firenze SpA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Daikin Industries Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Aqua Cooling Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 HYFRA Industrial Cooling Systems GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Dawsongroup Temperature Control Solutions Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Eurodifroid
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 MTA SpA
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Financial Overview
13.10.4 SWOT Analysis
13.10.5 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. US: Industrial Chillers Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Industrial Chillers Market, By Process - Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Industrial Chillers Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Industrial Chillers Market, By Industrial Manufacturing - Revenue and Forecast to 2028 (US$ Million)
Table 5. Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
Table 6. Europe Industrial Chillers Market, Revenue and Forecast to 2028, by Key Country (US$ Mn)
Table 7. Germany: Industrial Chillers Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Industrial Chillers Market, By Process - Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: Industrial Chillers Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany: Industrial Chillers Market, By Industrial Manufacturing - Revenue and Forecast to 2028 (US$ Million)
Table 11. France: Industrial Chillers Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. France: Industrial Chillers Market, By Process - Revenue and Forecast to 2028 (US$ Million)
Table 13. France: Industrial Chillers Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Industrial Chillers Market, By Industrial Manufacturing - Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of Europe: Industrial Chillers Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Europe: Industrial Chillers Market, By Process - Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Industrial Chillers Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Industrial Chillers Market, By Industrial Manufacturing - Revenue and Forecast to 2028 (US$ Million)
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. Industrial Chillers Market Segmentation
Figure 2. Industrial Chillers Market Segmentation - By Geography
Figure 3. Europe Industrial Chillers Market Overview
Figure 4. Water Cooled Chillers Segment held the Largest Share of Industrial Chillers Market
Figure 5. Continuous Flow Chillers Segment held the Largest Share of Industrial Chillers Market
Figure 6. Industrial Manufacturing Segment held the Largest Share of Industrial Chillers Market
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Global : Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. US: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. US: Industrial Chillers Market Revenue Share, By Type (2021 & 2028)
Figure 12. US: Industrial Chillers Market Revenue Share, By Process (2021 & 2028)
Figure 13. US: Industrial Chillers Market Revenue Share, By Application (2021 & 2028)
Figure 14. Industrial Chillers Market Impact Analysis of Drivers and Restraints
Figure 15. Europe Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Industrial Chillers Market Revenue Share, By Type (2021 and 2028)
Figure 17. Water-Cooled Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Air-Cooled Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Industrial Chillers Market Revenue Share, By Process (2021 and 2028)
Figure 20. Continuous Flow Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Immersion Chillers: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Industrial Chillers Market Revenue Share, By Process (2021 and 2028)
Figure 23. Food and Beverage Processing: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Medical Equipment: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Industrial Manufacturing: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Machine Tool: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Laser Systems: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Others: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Others: Industrial Chillers Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 30. Europe Industrial Chillers Market Breakdown, by Country, 2021 & 2028 (%)
Figure 31. Germany: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. France: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: Industrial Chillers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets
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