Frequently Asked Questions
The Europe HVAC market was valued at USD 26.8 Billion in 2022.
The HVAC market is expected to grow at a CAGR of 6.50% between 2023 and 2030, reaching USD 41.64 Billion in 2030.
Heating equipment is the leading segment by type, holding around half of the share in value in 2022.
The residential segment governs the demand for HVAC across the region, holding a massive share in 2022.
The commercial segment is expected to post the highest CAGR during the forecast period.
Germany is fueling the growth of the HVAC industry, with a nearly two-fifth share in 2022.
The top players include Daikin Industries, Ltd., ROBERT Bosch GmbH, Mitsubishi Electric Europe B.V, Danfoss A/S, Valliant Group, Carrier Global Corporation, Alfa Laval AB, Lennox International In, Ariston Thermo SpA, BDR Thermea Group, and others.
The Emergence of the Replacement of Existing Equipment With Energy-Efficient Products is the major market driver.
Volatility in energy pricing including energy and fuel is expected to restrain the HVAC industry.
The emergence of IoT and product innovation opportunities for the HVAC industry.