3.4 EUROPE

The European chiller market in 2020 was negatively impacted by the pandemic, with an overall decrease of 5.9% for chillers with capacities of more than 50 kW compared with 2019, approaching €1.29 billion (about US$ 1.47 billion). Around 9% of the units sold went to data centers and as many to hospitals, the only two sectors recording strong growth in 2020. The other sectors where chiller sales were traditionally more important have experienced sharp declines in 2020 due to numerous lockdowns and home office situations: industrial process with a 23% market share, offices with an 18% share, hotels with an 8% share, and retail with an 8% share.