Europe Hvac Systems Market Size & Outlook, 2023-2030
Europe hvac systems market, 2018-2030 (US$M)
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Europe hvac systems market highlights
- The Europe hvac systems market generated a revenue of USD 55,267.6 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, heat pump was the largest revenue generating equipment in 2023.
- Heat Pump is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 55,267.6 million |
| Market revenue in 2030 | USD 87,459.6 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump, Furnace, Unitary Heaters, Boilers, Air Purifier, Dehumidifier, Air Handling Units, Ventilation Fans, Air Conditioning, Chillers, Cooling Towers |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.7% of the global hvac systems market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 185,553.2 million by 2030.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe hvac systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.
Heat pump was the largest segment with a revenue share of 26.15% in 2023. Horizon Databook has segmented the Europe hvac systems market based on heat pump, furnace, unitary heaters, boilers, air purifier, dehumidifier, air handling units, ventilation fans, air conditioning, chillers, cooling towers covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has been placing increasing emphasis on energy efficiency and sustainability in recent years. The demand for HVAC systems in the region is influenced by stringent regulations and initiatives aimed at reducing energy consumption and lowering greenhouse gas emissions.
For instance, the European Union (EU) has implemented directives and standards to promote the use of energy-efficient HVAC systems, encouraging both residential and commercial sectors to adopt environmentally friendly solutions.
Furthermore, the growing demand for housing in metropolitan areas, rising infrastructure development activities, and rapid modernization & repair of buildings to improve their energy efficiency are expected to contribute to the expansion of the construction sector in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hvac systems market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hvac systems market size, by country, 2018-2030 (US$M)
Europe HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
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