Connect with us

Technology

Chiller Market in Europe to Grow by USD 950.1 MIllion from 2025-2029, Rising Demand for Frozen Food to Drive Growth, Report on Market Evolution Powered by AI – Technavio

Published

on

NEW YORK, Feb. 14, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The chiller market in Europe and it is set to grow by USD 950.1 million from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 5.5% during the forecast period, according to Technavio. The chiller market in Europe is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  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 Corp., 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 are some of the major market participants -. To know about the vendor offerings – Request a sample report

Chiller Market in Europe 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The chiller market in europe report covers the following areas:

Chiller Market in Europe SizeChiller Market in Europe TrendsChiller Market in Europe Industry AnalysisPorter’s Five Forces AnalysisCustomer Landscape

The chiller market in Europe is fragmented, and the degree of fragmentation will accelerate. The growing demand for frozen food will offer immense growth opportunities. However, the High initial investment costs of chillers will hamper the market growth

Chiller Market in Europe 2025-2029: Drivers & Challenges

The chiller market comprises of various compressor types, including scroll and centrifugal compressors. The demand for chillers is driven by several factors. One significant driver is the increasing need for air conditioning and refrigeration systems in various industries such as healthcare, data centers, and manufacturing. Another driver is the growing trend towards energy efficiency and sustainability, leading to the adoption of advanced chiller technologies like variable frequency drives and absorption chillers. Additionally, the expansion of commercial and residential buildings in urban areas is fueling the market growth. The market also caters to the replacement demand due to the aging infrastructure of existing chillers. Overall, the chiller market is expected to grow steadily due to these key drivers.

The chiller market faces several challenges in the compression and cooling industry. Compressors and chillers are essential components in this sector. The demand for energy-efficient and cost-effective solutions is increasing. The use of advanced technologies like scroll compressors and centrifugal compressors is becoming common. However, the high initial investment and maintenance costs are significant barriers. The need for regular servicing and the availability of skilled labor are other challenges. Additionally, the increasing demand for renewable energy integration and the implementation of stringent regulations add to the complexity. The market requires innovative solutions to address these challenges and ensure sustainable growth.

To learn more about the global trends impacting the future of market research, download a PDF sample

Segment Overview 

This chiller market in Europe report extensively covers market segmentation by  

Product TypeWater Cooled ChillerAir Cooled ChillerTypeScrew ChillersScroll ChillersCentrifugal ChillersOthersGeographyEurope

1.1 Water cooled chiller-  Water-cooled chillers offer superior heat removal efficiency compared to air-cooled systems. Their use of water as a heat transfer medium results in more effective cooling, particularly in high ambient temperatures. These compact units produce lower noise levels, making them ideal for space-constrained installations and noise-sensitive applications. Water’s higher heat transfer capabilities lead to better cooling rates and potential energy savings. Daikin Industries Ltd.’s water-cooled chillers deliver quality, efficiency, and energy savings for various applications, including air conditioning, industrial process cooling, and district heat source systems. The advantages of water-cooled chillers will fuel market growth in Europe during the forecast period.

To learn more, request a FREE sample

Chiller Market in Europe 2025-2029: Key Highlights

CAGR of the market during the forecast period 2025-2029Detailed information on factors that will assist chiller market in Europe growth during the next five yearsEstimation of the chiller market in Europe size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the chiller market in Europe across EuropeAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of chiller market in Europe vendors

Chiller Market In Europe Scope

Report Coverage

Details

Base year

2024

Historic period

2017-2021

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 5.5%

Market growth 2025-2029

USD 950.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.1

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

Germany, France, UK, Italy, and Rest of Europe

Competitive landscape

Leading Vendors, Market Positioning of Vendors, 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 Corp., 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, Market condition analysis for 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.

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.

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/chiller-market-in-europe-to-grow-by-usd-950-1-million-from-2025-2029–rising-demand-for-frozen-food-to-drive-growth-report-on-market-evolution-powered-by-ai–technavio-302376445.html

SOURCE Technavio

Continue Reading

Technology

HashKey On-Chain and RD Technologies Form Deep Partnership to Support On-Chain Testing for RDUSD

Published

on

By

On-Chain Ecosystem Drives Institutional Adoption of RDUSD Across Cross-Border Trade, Financing, and Corporate Payments

HONG KONG, Nov. 1, 2026 /PRNewswire/ — HashKey On-Chain, an on-chain financial infrastructure provider, announced a major strategic partnership with RD Technologies. The two parties will engage in a series of technical and ecosystem explorations centered around RDUSD. Leveraging HashKey On-Chain’s full-stack comprehensive strengths in connecting on-chain infrastructure with institutional financial service ecosystems, the collaboration will span digital asset on-chain trading, settlement, treasury management, and asset tokenization. Together, they aim to drive the expansion of the US dollar stablecoin RDUSD from digital asset trading into real-world business scenarios such as cross-border trade, corporate payments/collections, and institutional finance.

HSK Chain Plans to Support RDUSD On-Chain Testing

RDUSD is a US dollar stablecoin supported by RD Technologies and issued by Anchorage Digital Bank N.A., a US federally regulated bank. Anchorage Digital Bank N.A. is the first federally chartered digital asset bank in the US, specializing in providing secure digital asset custody and financial services for institutional clients. RDUSD is designed to comply with the regulatory framework under the US GENIUS Act. As a digital US dollar settlement instrument, it is committed to satisfying institutional clients’ needs to optimize treasury management in real-world operations while providing fiat-anchored support for asset tokenization.

As a core component of this collaboration, RDUSD will be deployed on HSK Chain. HSK Chain is an institutional-grade Ethereum Layer 2 that provides auditable, high-performance infrastructure support for the on-chain deployment, circulation, and smart contract execution of RDUSD. Currently, the HSK Chain ecosystem features over 200 projects with an on-chain RWA (Real World Asset) size exceeding US$300 million, covering asset classes such as money market funds, ETFs, and precious metals. It has also established a CeDeFi partnership with Morpho to explore institutional fund onboarding and on-chain yield opportunities. Following the deployment and launch of RDUSD, both parties will further drive its integration into HSK Chain’s existing ecosystem, exploring technical applications in native scenarios such as on-chain lending, trading, RWA subscriptions, and settlement. HSK Chain will also provide technical development support for RDUSD’s deployment and multi-platform integration.

RDUSD to Be Implemented Across HashKey On-Chain’s Diverse Scenarios

Relying on HashKey On-Chain’s three core technical application platforms, RDUSD will gradually be integrated into the following scenarios:

HashKey Trading Portal (HTP): In asset trading scenarios, RDUSD will be used for the trade settlement of various tokenized RWA products, providing stable and efficient settlement support for the on-chain circulation of real-world assets.

HashKey On-Chain Trade Finance Platform: RDUSD is expected to serve as a medium aimed at delivering 24/7, more efficient, and cost-effective on-chain clearing and settlement for cross-border import and export enterprises. Combined with the tokenization of trade assets (such as electronic bills of lading), it will support smart contract-driven Delivery vs. Payment (DvP) and act as a settlement tool for licensed financial institutions conducting disbursements and repayments for trade financing based on real trade backgrounds.

HashKey Settlement Platform (HSP): Both companies will explore further integrating RDUSD into relevant settlement protocols to provide global enterprises and cross-border payment service providers with payment, collection, and settlement services, as well as cash pooling and disbursement channel support. In addition to enhancing international corporate treasury management efficiency, this will reserve capacity for emerging scenarios such as automated AI agent payments.

These scenarios will also address the needs of RD Technologies and its partners in cross-border trade payments and treasury management, bridging corporate payments with on-chain finance to serve the real-economy operations of Asia-based cross-border institutions.

Rita Liu, CEO of RD Technologies, stated:

“The close collaboration between HashKey On-Chain and RD Technologies has always been a key focus for both parties. RDUSD brings a fresh highlight to this partnership. We look forward to combining our respective strengths in cross-border payments and digital assets to propel the technical application of RDUSD across diverse scenarios—such as on-chain trading, settlement, and treasury management—to better serve corporate demands and the real economy.”

Rachel Qiu, Head of Business Development at HashKey Group and COO of HashKey On-Chain Business Group, stated:

“The upcoming deployment of RDUSD on HSK Chain marks the first step in our collaboration. Moving forward, leveraging HashKey On-Chain’s extensive experience in on-chain business, we will partner with RD Technologies to drive the gradual integration of compliant stablecoins into real-world commercial and financial activities, providing institutional users with more comprehensive digital asset services. In areas such as cross-border trade and corporate payments, HashKey On-Chain is well-equipped to provide the requisite technology and application platforms to support efficient, compliant on-chain clearing and settlement, ultimately fostering the growth of the on-chain ecosystem.”

This strategic collaboration surrounding RDUSD represents a vital step for HashKey On-Chain as it continuously enhances its institutional-grade digital asset infrastructure. In the future, HashKey On-Chain will continue to join forces with industry partners like RD Technologies to explore the long-term value of stablecoins in cross-border payments, global treasury management, and real-world asset tokenization. By extending stablecoins deeper into the real economy and institutional finance, the partnership aims to deepen the integration between traditional finance and the on-chain economy, jointly building next-generation financial infrastructure.

About HashKey On-Chain

HashKey On-Chain is the core business group of HashKey Group dedicated to building and operating full-stack on-chain financial infrastructure. By coordinating five major business matrices—tokenized asset issuance (HIP), trading (HTP), payments (HSP), public chain (HSK Chain), and on-chain staking (HashKey Cloud)—it leverages a high-efficiency technical foundation to deliver end-to-end solutions for institutional clients, forging a solid bridge between traditional financial capital and the crypto economy.

About RD Technologies

RD Technologies is a Hong Kong-based global fintech group providing innovative digital financial services to enterprises through its licensed entities. The group is dedicated to building next-generation financial infrastructure that connects traditional finance (Web2) with Web3. As one of the first participants in the Hong Kong Monetary Authority’s (HKMA) Stablecoin Issuer Sandbox, RD Technologies consistently balances compliance with innovation. To date, the group has raised over US$90 million in total funding. Its investors include prominent industry and strategic figures such as HashKey Group, HSG (Sequoia China), ZA Global, Solana Foundation, Guotai Junan International, China Harbour, Bright Venture Capital, Hivemind Capital, Eternal Digital, Junshi Investment, and Aptos Labs.

Disclaimer

This material is provided for general information only and does not constitute an offer, solicitation, recommendation or investment advice in respect of any securities, tokenised assets, stablecoins or financial products, nor a public offering, solicitation or invitation to invest in any jurisdiction. It is intended only for professional investors meeting applicable legal and regulatory requirements (where applicable). Non-professional investors should not rely on its contents in making any investment decisions. Regulated activities that require a licence are provided only by entities within the group holding the relevant licences within the scope permitted by their licences, and are subject to applicable laws and regulations. The on-chain infrastructure, protocol frameworks, technology platforms and related collaboration arrangements described herein are technical infrastructure or technical service platforms; they are not licensed corporations of the Hong Kong Securities and Futures Commission, and their activities do not themselves constitute regulated activities under the Securities and Futures Ordinance. Any reference to a platform, product, service, business scenario or collaboration arrangement is for illustration only and should not be regarded as any commercial commitment, service assurance or future business arrangement; descriptions of application scenarios such as cross-border trade, corporate payments, treasury management, trade finance, corporate treasury management, on-chain settlement and on-chain finance reflect only potential application directions or technical exploration. Whether the relevant projects can be implemented depends on technical conditions, market demand, collaboration arrangements and regulatory requirements. The issuance, reserve management, redemption and related compliance matters of any stablecoin referred to herein (where applicable) are the responsibility of the relevant issuer and service providers; the HashKey Group and its related entities do not participate. Stablecoins, tokenised assets and digital assets all involve risks; their prices and values may fluctuate significantly, and investors may lose all or part of their principal. Past performance is not a guarantee of future performance. Before making any investment decision, investors should review the relevant product documents and risk disclosures and seek independent professional advice. This material has not been reviewed or approved by any regulatory authority. In the event of any ambiguity or inconsistency between the Chinese and English versions, the Chinese version shall prevail.

View original content:https://www.prnewswire.com/news-releases/hashkey-on-chain-and-rd-technologies-form-deep-partnership-to-support-on-chain-testing-for-rdusd-302925965.html

SOURCE HashKey Holdings Limited

Continue Reading

Technology

Ceva Extends Wireless Connectivity IP Leadership as AI Moves to Connected Devices

Published

on

By

IPnest ranks Ceva #1 in wireless interface IP with approximately 68% market share, 12 times that of the next-largest vendor, as the category grows approximately 14%

HSINCHU COUNTY, Taiwan, Nov. 2, 2026 /PRNewswire/ — Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that powers the Smart Edge, today announced that it retained the #1 position in wireless interface IP in IPnest’s September 2026 Design IP report. As AI expands across billions of connected devices, reliable, ultra-low-power wireless connectivity becomes essential for sharing data and context across them.

The category grew approximately 14% in 2025, and Ceva held 68% market share by IP revenue, 12 times that of the next-largest vendor. The result continues Ceva’s leadership as documented in prior IPnest reports, which showed 67% share for 2023 and 68% for 2024. Ceva estimates that its wireless connectivity IP is used in approximately 30% of the world’s Bluetooth-enabled IoT devices and 15% of Wi-Fi-enabled IoT devices shipped annually.

Through its Ceva-Waves portfolio, Ceva licenses Bluetooth, Wi-Fi, UWB, 802.15.4 and cellular IoT IP to semiconductor companies and OEMs building differentiated products. Its Bluetooth IP has more than 100 licensees, its Wi-Fi IP more than 60, and more than 30 customers have adopted both. Ceva is building on that reach by advancing Bluetooth High Data Throughput (HDT), developing Wi-Fi 8, and broadening its connectivity portfolio with PentaG-Edge, a 5G-Advanced modem IP subsystem for edge devices. These investments help customers bring intelligent, connected products to market across consumer electronics, automotive, industrial, PC and IoT applications, where devices increasingly need to exchange data with one another, networks and the cloud.

Wireless IP is an essential pillar of Ceva’s Connect, Sense, and Infer strategy. Combined with Ceva’s sensing IP and NeuPro NPUs, it gives chipmakers system-level IP for Physical AI, where the right AI model runs in the right place at the right time. Local inference handles latency- and power-sensitive work, while connectivity links each device to its peers and the cloud.

“AI is becoming an experience that follows people from one device to the next,” said Ziv Hammer, Executive Vice President, Connectivity & Sensing Division at Ceva. “Each of those devices needs to exchange data and context, perceive its surroundings, and interpret what it perceives locally. Our sustained leadership position in wireless IP reflects the trust customers place in Ceva, and our multi-standard portfolio gives companies throughout the industry the connectivity they need to build the next generation of intelligent products.”

Ceva will share its wireless connectivity and Physical AI roadmap at its technology symposium events in Hsinchu, Taiwan, on November 2 and in Shanghai, China, on November 5. For more information on Ceva-Waves wireless connectivity IP, visit https://www.ceva-ip.com/product/ceva-waves-links/.

Market share and vendor comparison are based on wireless interface IP revenue estimates in IPnest’s September 2026 Design IP report.

About Ceva

Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.

With more than 22 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today’s most advanced smart edge products – from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra‑low‑power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva’s IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.

Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ceva-extends-wireless-connectivity-ip-leadership-as-ai-moves-to-connected-devices-302925293.html

SOURCE Ceva, Inc.

Continue Reading

Technology

Ceva and Mobilint Advance Physical AI with REGULUS Edge AI SoC

Published

on

By

First production deployment of Ceva’s NeuPro NPU family combines NeuPro-Nano with SensPro AI DSP to deliver advanced sensing and inference capabilities for Physical AI devices

ROCKVILLE, Md. and SEOUL, South Korea, Nov. 2, 2026 /PRNewswire/ — As AI becomes embedded across the physical world, workloads are increasingly being processed where they can run most effectively and efficiently, from the cloud to the device itself. For Physical AI systems that must sense, interpret and respond to their surroundings in real time, this is driving greater intelligence directly into power-constrained edge devices. Ceva, Inc. (NASDAQ: CEVA), the leader in silicon and software IP for the Smart Edge, today announced that Mobilint, a leading AI semiconductor company, has deployed Ceva’s SensPro™ AI DSP and NeuPro-Nano™ NPU in its REGULUS edge AI System-on-Chip (SoC), marking the first production deployment of Ceva’s NeuPro NPU family.

Designed as a standalone processor for on-device AI, REGULUS integrates Ceva’s SensPro AI DSP and NeuPro-Nano NPN32 NPU within Mobilint’s highly integrated processing architecture. Delivering 10 TOPS of AI performance at under 3W and supporting up to 8GB of memory, REGULUS is designed for real-time AI across power- and space-constrained applications including robotics, drones, machine vision, smart cameras and IoT devices.

The multi-engine architecture enables different sensing and AI workloads to run on the processing engine best suited to the task. SensPro provides programmable processing for sensing and signal-processing workloads, while NeuPro-Nano provides highly efficient neural processing for always-on inference use cases. Together, these technologies complement Mobilint’s proprietary AI processing architecture, adding flexible sensing and inference capabilities to address the diverse and evolving requirements of Physical AI devices.

“REGULUS brings together the specialized processing capabilities needed to run sophisticated AI workloads directly on the device within very tight power constraints,” said Dongjoo Shin, CEO of Mobilint. “Ceva’s SensPro and NeuPro-Nano add flexible sensing, signal processing and inference capabilities to REGULUS, helping us address the diverse workloads our customers need to build the next generation of intelligent edge devices.”

REGULUS is already enabling commercial products, including Mobilint’s MLD-R1 AI USB accelerator, first previewed at COMPUTEX 2026 and now shipping. Designed to add on-device AI to existing systems, MLD-R1 supports computer vision, video analytics and generative AI workloads for applications including smart factories, robotics, machine vision, security, medical devices and digital signage, with support for widely used AI frameworks and ecosystems including PyTorch, ONNX, Hugging Face, TensorFlow, TFLite and Keras.

“REGULUS marks an important milestone for Ceva as the first production deployment of our NeuPro NPU family, demonstrating the progress we are making in bringing our AI technology into commercial silicon,” said Yaron Galitzky, Executive Vice President and General Manager, AI Division at Ceva. “Together, NeuPro-Nano and SensPro provide efficient, flexible sensing and inference processing that helps address the diverse workloads Physical AI devices need to perform locally and in real time.”

Product information for REGULUS and MLD-R1 is available at https://www.mobilint.com/regulus. For more on Ceva’s Edge AI portfolio, visit https://www.ceva-ip.com/solutions/edge-ai/ 

About Mobilint

Founded in 2019 and headquartered in Seoul, Korea, Mobilint is a fabless AI semiconductor company specializing in high-performance, energy-efficient NPUs and AI SoCs for edge and on-device AI applications. The company owns proprietary NPU IP and AI SoC design technologies, with proven deployments across smart city, healthcare, autonomous driving, security, industrial AI, and mobile AI device applications. Learn more: www.mobilint.com.

About Ceva, Inc.

Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.

With more than 22 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today’s most advanced smart edge products – from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra‑low‑power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva’s IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.

Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ceva-and-mobilint-advance-physical-ai-with-regulus-edge-ai-soc-302925294.html

SOURCE Ceva, Inc.

Continue Reading

Trending