Europe Cooling Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe cooling systems market is segmented by Cooling Equipment (Heat Exchangers, Fans and Blowers, Other Cooling Equipment (fins)), End-user (Energy Sector (Oil & Gas, Power, etc.), Chemical and Petrochemicals, Agriculture and Construction, Other End-Users), Application (Hydraulic Systems, Engine), and Geography (United Kingdom, Norway, France, Germany, and Rest of Europe). The report offers the market size and forecasts for Europe's cooling systems market in revenue (USD Million) for all the above segments.

Europe Cooling Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Cooling Systems Market Size

Europe Cooling Systems Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.00 %
Market Concentration Medium

Major Players

Europe Cooling Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Cooling Systems Market Analysis

The Europe Cooling Systems Market is expected to register a CAGR of greater than 4% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market now reached pre-pandemic levels.

  • Over the medium term, increasing investment in the oil and gas downstream sector is expected to drive the market's growth.
  • On the other hand, the increased share of renewables in the power sector is expected to hamper the Europe cooling systems market growth during the forecast period.
  • Nevertheless, increasing advancements in the cooling system technology to achieve sustainable industrial growth are likely to create lucrative growth opportunities for the Europe cooling systems market in the forecast period.
  • Germany dominates the market and will likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments in the energy sector (oil and gas, power, etc.) and chemical and petrochemical industries.

Europe Cooling Systems Industry Overview

Europe's cooling systems market is moderately fragmented in nature. Some of the major players in the market (in no particular order) include Alfa Laval AB, Danfoss AS, General Electric Company, Parker Hannifin Corp., and Hydac International GmbH.

Europe Cooling Systems Market Leaders

  1. Alfa Laval AB

  2. Danfoss AS

  3. General Electric Company

  4. Parker Hannifin Corp.

  5. Hydac International GmbH

  6. *Disclaimer: Major Players sorted in no particular order
Europe Cooling Systems Market Concentration
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Europe Cooling Systems Market News

  • In May 2022, Alfa Laval signed an agreement with SSAB to develop and commercialize the world's first heat exchanger of fossil-free steel. The companies aim to create the first unit of heat exchanger made with hydrogen-reduced steel ready by 2023. This collaboration is an important step in Alfa Laval's aim to become carbon neutral by 2030. These heat exchangers could save energy by 50% and reduce CO2 emissions by 40%.
  • In February 2022, Alfa Laval launched the new Alfa Laval AC540 brazed plate heat exchanger at their first online net-zero launch event. These brazed plate heat exchangers are designed to work with environmentally friendly refrigerants, such as R32, carbon dioxide, and other low-GWP refrigerants. Furthermore, the heat exchangers are ideal for multiple scroll chillers from 250-800kW.

Europe Cooling Systems Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, until 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

6. Cooling Equipment

  • 6.1 Heat Exchangers
  • 6.2 Fans and Blowers
  • 6.3 Other Cooling Equipment (fins)

7. End-user

  • 7.1 Energy Sector (Oil & Gas, Power, etc.)
  • 7.2 Chemical and Petrochemicals
  • 7.3 Agriculture and Construction
  • 7.4 Other End-Users

8. Application

  • 8.1 Hydraulic Systems
  • 8.2 Engine

9. Geography

  • 9.1 France
  • 9.2 Norway
  • 9.3 Italy
  • 9.4 Germany
  • 9.5 Rest of Europe

10. COMPETITIVE LANDSCAPE

  • 10.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 10.2 Strategies Adopted by Leading Players
  • 10.3 Company Profiles
    • 10.3.1 Alfa Laval AB
    • 10.3.2 Thermax Limited
    • 10.3.3 Danfoss AS
    • 10.3.4 API Heat Transfer
    • 10.3.5 Xylem Inc.
    • 10.3.6 HRS Heat Exchangers
    • 10.3.7 General Electric Company
    • 10.3.8 SPX Flow Inc.
    • 10.3.9 EJ Bowman
    • 10.3.10 Parker Hannifin Corp.
    • 10.3.11 W.W. Grainger Inc.
    • 10.3.12 Hydac International GmbH
  • *List Not Exhaustive

11. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Cooling Systems Industry Segmentation

A cooling system maintains the optimum operating temperature of various components, production processes, and machinery across industries, manufacturing units, heavy vehicles, etc.

The Europe cooling systems market is segmented by cooling equipment, end-user, application, and geography. Cooling equipment, the market is segmented into heat exchangers, fans and blowers, and other cooling equipment (fins). By end-user, the market is segmented into the energy sector (oil and gas, power, etc.), chemical and petrochemicals, agriculture and construction, and other end-users. By application, the market is segmented into hydraulic systems and engines. The report also covers the market size and forecasts for the Europe cooling systems market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD Million).

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Europe Cooling Systems Market Research FAQs

What is the current Europe Cooling Systems Market size?

The Europe Cooling Systems Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Europe Cooling Systems Market?

Alfa Laval AB, Danfoss AS, General Electric Company, Parker Hannifin Corp. and Hydac International GmbH are the major companies operating in the Europe Cooling Systems Market.

What years does this Europe Cooling Systems Market cover?

The report covers the Europe Cooling Systems Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Cooling Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Cooling Systems Industry Report

Statistics for the 2025 Europe Cooling Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Cooling Systems analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.