Europe - Chiller Market by Product Type and Product - Forecast and Analysis 2024-2028

Published: Jan 2024 Pages: 165 SKU: IRTNTR70135

Europe - Chiller Market 2024-2028

The Europe - chiller market size is forecast to increase by USD 1.07 billion, at a CAGR of 6.43% between 2023 and 2028. The market growth analysis depends on several factors such as the growing demand for frozen food, the increase in a number of data centers, and the rising need for district cooling.

The report includes a comprehensive outlook on the Europe Chiller Market, offering forecasts for the industry segmented by Product Type, which comprises water cooled chiller and air cooled chiller. Additionally, it categorizes Type into screw chillers, scroll chillers, centrifugal chillers, and others. The market report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

Europe Chiller Market Forecasting

Europe Chiller Market Forecast 2024-2028

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Europe Chiller Market Dynamic

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Driver- Growing demand for frozen food

The frozen food category is one of the premium categories under the umbrella of convenience food. It offers the convenience of having seasonal fish, fruits, and vegetables year-round. In the last few years, the consumption of frozen food has witnessed a gradual growth across regions, mainly due to hectic lifestyles and work schedules compelling consumers to opt for frozen fruits and vegetables for daily consumption. The frozen food industry is rapidly growing in the region as these products are not limited to seasonal demand and are available throughout the year.

In addition, factors such as the growing share of private labels, increasing shelf life of frozen foods, changing eating habits, ongoing technological advances such as the advent of cryogenic freezing technology that helps preserve the natural flavor, quality, nutritional value, and texture of the food, and raised investments in frozen food processing plants owing to increased consumption is expected to drive the growth of the Europe chiller market during the forecast period.

Trends- Advent of smart connected chillers

Factors such as the growing need to improve the reliability and performance of chillers, minimize downtime, and reduce overall maintenance costs have led to the emergence of smart connected chillers. This is one of the recent developments in the global chillers market, which is transforming the way chillers are being serviced and maintained. In addition, with the adoption of smart connected chillers, end-users can predict breakdowns or inefficiencies in performance, thereby ensuring fewer disruptions, reduced downtime, and longer equipment life.

For example, smart connected chillers from Johnson Controls International Plc connect equipment data to the cloud, providing unprecedented insight into operations, efficiency, and maintenance. Moreover, it is estimated that data-enabled smart chillers from Johnson Controls International Plc can cut unplanned and emergency repairs by up to 66%, while predictive algorithms can reduce mean repair time by 65%. Hence, the advent of smart connected chillers will boost the growth of the chiller market in Europe during the forecast period.

Challenge- High initial investment costs of chillers

High-efficiency chillers that meet energy efficiency and environmental standards tend to have higher upfront costs. The adoption of technologies like variable-speed compressors and low-GWP refrigerants contributes to better performance but can increase the initial investment. Chillers equipped with advanced technologies, like smart controls, Internet of Things (IoT) capabilities, and advanced diagnostics, are often more expensive. The costs associated with installing chillers, including labor, materials, and any necessary infrastructure modifications, can contribute significantly to the overall investment.

Furthermore, the industry's transition to low-GWP refrigerants, driven by environmental regulations, can lead to increased costs. The development and integration of alternative refrigerants that comply with regulations result in higher upfront expenses, which, in turn, will impede the growth of the Europe chiller market during the forecast period.

Europe Chiller Market Segmentation by Product Type, and Type

Product Type Segment Analysis

The water cooled chiller segment will account for a major share of the market's growth during the forecast period.? Water-cooled chillers are known for their high efficiency in heat removal. Water is an excellent heat transfer medium, and the cooling process is often more efficient compared to air-cooled systems. Water-cooled chillers are typically more effective in high ambient temperatures. Water has higher heat transfer capabilities compared to air. As a result, water-cooled chillers can achieve better heat transfer rates, leading to more efficient cooling of equipment and processes.

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The water cooled chiller segment was valued at USD 1.40 billion in 2018.?Moreover, water-cooled chillers can be more energy-efficient than air-cooled alternatives. The water-cooling process can be more effective in removing heat, resulting in potential energy savings over the long term. For instance, water-cooled chillers from Daikin Industries Ltd. deliver great quality, efficiency, and energy savings. It is used for applications such as air conditioning, industrial-type process cooling, and large-scale district heat source systems. Thus, these factors will drive the growth of the water cooled chiller segment and boost the growth of the Europe - chiller market during the forecast period.

Type Segment Analysis

Based on type, the market has been segmented into screw chillers, scroll chillers, centrifugal chillers, and others. The screw chillers?segment will account for the largest share of this segment.?Screw chillers are known for their high efficiency in converting electrical energy into cooling. The screw compressor design allows for smooth and continuous operation, contributing to energy savings. Screw chillers typically feature excellent capacity control, allowing them to adapt to varying cooling loads. Moreover, screw chillers are known for their compact design, allowing for easier installation and integration into existing spaces. This is particularly advantageous when space is limited. Hence, such factors will drive the growth of the screw chillers segment and boost the growth of the Europe - chiller market during the forecast period.

Who are the Major Europe Chiller Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Carrier Global Corp.: The company offers chillers such as Global Chiller, AquaSnap, AquaForce, and Sea Horse.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Daikin Industries Ltd., Danfoss AS, FlaktGroup Holding GmbH, Haier Smart Home Co. Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Kaltra GmbH, Kirloskar Group, LG Electronics Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Modine Manufacturing Co., Nortek, Panasonic Holdings Corp., Regal Rexnord Corp., Samsung Electronics Co. Ltd., Systemair AB, and Trane Technologies Plc 

Technavio Europe chiller market forecast the in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The Europe chiller market analysis and report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Type Outlook 
    • Water cooled chiller
    • Air cooled chiller
  • Application Outlook
    • Screw chillers
    • Scroll chillers
    • Centrifugal chillers
    • Others

Europe Chiller Market Scope

Report Coverage

Details

Page number

165

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.43%

Market Growth 2024-2028

USD 1.07 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.11

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, FlaktGroup Holding GmbH, Haier Smart Home Co. Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Kaltra GmbH, Kirloskar Group, LG Electronics Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Modine Manufacturing Co., Nortek, Panasonic Holdings Corp., Regal Rexnord Corp., Samsung Electronics Co. Ltd., Systemair AB, and Trane Technologies Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Europe Chiller Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Europe chiller market between 2024 and 2028
  • Precise estimation of the Europe chiller market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming Europe chiller market trends and analysis and changes in consumer behavior
  • Europe chiller market growth and forecasting across Europe
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Europe chiller market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

    4 Historic Market Size

    • 4.1 Chiller market in Europe 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on chiller market in Europe 2018 - 2022 ($ billion)
    • 4.2 Product Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Type Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product Type

    • 6.1 Market segments
      • Exhibit 29: Chart on Product Type - Market share 2023-2028 (%)
      • Exhibit 30: Data Table on Product Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Product Type
      • Exhibit 31: Chart on Comparison by Product Type
      • Exhibit 32: Data Table on Comparison by Product Type
    • 6.3 Water cooled chiller - Market size and forecast 2023-2028
      • Exhibit 33: Chart on Water cooled chiller - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 34: Data Table on Water cooled chiller - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Chart on Water cooled chiller - Year-over-year growth 2023-2028 (%)
      • Exhibit 36: Data Table on Water cooled chiller - Year-over-year growth 2023-2028 (%)
    • 6.4 Air cooled chiller - Market size and forecast 2023-2028
      • Exhibit 37: Chart on Air cooled chiller - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 38: Data Table on Air cooled chiller - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Chart on Air cooled chiller - Year-over-year growth 2023-2028 (%)
      • Exhibit 40: Data Table on Air cooled chiller - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Product Type
      • Exhibit 41: Market opportunity by Product Type ($ billion)
      • Exhibit 42: Data Table on Market opportunity by Product Type ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 44: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Screw chillers - Market size and forecast 2023-2028
      • Exhibit 47: Chart on Screw chillers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Data Table on Screw chillers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Chart on Screw chillers - Year-over-year growth 2023-2028 (%)
      • Exhibit 50: Data Table on Screw chillers - Year-over-year growth 2023-2028 (%)
    • 7.4 Scroll chillers - Market size and forecast 2023-2028
      • Exhibit 51: Chart on Scroll chillers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Data Table on Scroll chillers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Chart on Scroll chillers - Year-over-year growth 2023-2028 (%)
      • Exhibit 54: Data Table on Scroll chillers - Year-over-year growth 2023-2028 (%)
    • 7.5 Centrifugal chillers - Market size and forecast 2023-2028
      • Exhibit 55: Chart on Centrifugal chillers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 56: Data Table on Centrifugal chillers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Chart on Centrifugal chillers - Year-over-year growth 2023-2028 (%)
      • Exhibit 58: Data Table on Centrifugal chillers - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 59: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 60: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ billion)
      • Exhibit 64: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 66: Chart on Market share by geography - 2023-2028 (%)
      • Exhibit 67: Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 68: Chart on Geographic comparison
      • Exhibit 69: Data Table on Geographic comparison
    • 9.3 Germany - Market size and forecast 2023-2028
      • Exhibit 70: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.4 France - Market size and forecast 2023-2028
      • Exhibit 74: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 75: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 77: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.5 UK - Market size and forecast 2023-2028
      • Exhibit 78: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.6 Italy - Market size and forecast 2023-2028
      • Exhibit 82: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 83: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Chart on Italy - Year-over-year growth 2023-2028 (%)
      • Exhibit 85: Data Table on Italy - Year-over-year growth 2023-2028 (%)
    • 9.7 Rest of Europe - Market size and forecast 2023-2028
      • Exhibit 86: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 87: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 89: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ billion)
      • Exhibit 91: Data Table on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 92: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 94: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 95: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 96: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 97: Matrix on vendor position and classification
            • 12.3 Carrier Global Corp.
              • Exhibit 98: Carrier Global Corp. - Overview
              • Exhibit 99: Carrier Global Corp. - Business segments
              • Exhibit 100: Carrier Global Corp. - Key news
              • Exhibit 101: Carrier Global Corp. - Key offerings
              • Exhibit 102: Carrier Global Corp. - Segment focus
            • 12.4 Daikin Industries Ltd.
              • Exhibit 103: Daikin Industries Ltd. - Overview
              • Exhibit 104: Daikin Industries Ltd. - Business segments
              • Exhibit 105: Daikin Industries Ltd. - Key news
              • Exhibit 106: Daikin Industries Ltd. - Key offerings
              • Exhibit 107: Daikin Industries Ltd. - Segment focus
            • 12.5 Danfoss AS
              • Exhibit 108: Danfoss AS - Overview
              • Exhibit 109: Danfoss AS - Business segments
              • Exhibit 110: Danfoss AS - Key news
              • Exhibit 111: Danfoss AS - Key offerings
              • Exhibit 112: Danfoss AS - Segment focus
            • 12.6 Haier Smart Home Co. Ltd.
              • Exhibit 113: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 114: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 115: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 116: Haier Smart Home Co. Ltd. - Segment focus
            • 12.7 Honeywell International Inc.
              • Exhibit 117: Honeywell International Inc. - Overview
              • Exhibit 118: Honeywell International Inc. - Business segments
              • Exhibit 119: Honeywell International Inc. - Key news
              • Exhibit 120: Honeywell International Inc. - Key offerings
              • Exhibit 121: Honeywell International Inc. - Segment focus
            • 12.8 Ingersoll Rand Inc.
              • Exhibit 122: Ingersoll Rand Inc. - Overview
              • Exhibit 123: Ingersoll Rand Inc. - Business segments
              • Exhibit 124: Ingersoll Rand Inc. - Key offerings
              • Exhibit 125: Ingersoll Rand Inc. - Segment focus
            • 12.9 Johnson Controls International Plc
              • Exhibit 126: Johnson Controls International Plc - Overview
              • Exhibit 127: Johnson Controls International Plc - Business segments
              • Exhibit 128: Johnson Controls International Plc - Key news
              • Exhibit 129: Johnson Controls International Plc - Key offerings
              • Exhibit 130: Johnson Controls International Plc - Segment focus
            • 12.10 Kirloskar Group
              • Exhibit 131: Kirloskar Group - Overview
              • Exhibit 132: Kirloskar Group - Product / Service
              • Exhibit 133: Kirloskar Group - Key offerings
            • 12.11 LG Electronics Inc.
              • Exhibit 134: LG Electronics Inc. - Overview
              • Exhibit 135: LG Electronics Inc. - Product / Service
              • Exhibit 136: LG Electronics Inc. - Key offerings
            • 12.12 MIDEA Group Co. Ltd.
              • Exhibit 137: MIDEA Group Co. Ltd. - Overview
              • Exhibit 138: MIDEA Group Co. Ltd. - Product / Service
              • Exhibit 139: MIDEA Group Co. Ltd. - Key offerings
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 140: Mitsubishi Electric Corp. - Overview
              • Exhibit 141: Mitsubishi Electric Corp. - Business segments
              • Exhibit 142: Mitsubishi Electric Corp. - Key news
              • Exhibit 143: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 144: Mitsubishi Electric Corp. - Segment focus
            • 12.14 Panasonic Holdings Corp.
              • Exhibit 145: Panasonic Holdings Corp. - Overview
              • Exhibit 146: Panasonic Holdings Corp. - Product / Service
              • Exhibit 147: Panasonic Holdings Corp. - Key news
              • Exhibit 148: Panasonic Holdings Corp. - Key offerings
            • 12.15 Regal Rexnord Corp.
              • Exhibit 149: Regal Rexnord Corp. - Overview
              • Exhibit 150: Regal Rexnord Corp. - Business segments
              • Exhibit 151: Regal Rexnord Corp. - Key offerings
              • Exhibit 152: Regal Rexnord Corp. - Segment focus
            • 12.16 Samsung Electronics Co. Ltd.
              • Exhibit 153: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 154: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 155: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 156: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 157: Samsung Electronics Co. Ltd. - Segment focus
            • 12.17 Systemair AB
              • Exhibit 158: Systemair AB - Overview
              • Exhibit 159: Systemair AB - Business segments
              • Exhibit 160: Systemair AB - Key offerings
              • Exhibit 161: Systemair AB - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              chiller market in europe market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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