Germany Hvac Systems Market Size & Outlook, 2023-2030
Germany hvac systems market, 2018-2030 (US$M)
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Germany hvac systems market highlights
- The Germany hvac systems market generated a revenue of USD 8,450.3 million in 2023 and is expected to reach USD 13,761.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, boilers was the largest revenue generating equipment in 2023.
- Heat Pump is the most lucrative equipment segment registering the fastest growth during the forecast period.
Hvac systems market data book summary
| Market revenue in 2023 | USD 8,450.3 million |
| Market revenue in 2030 | USD 13,761.4 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Boilers |
| Fastest growing segment | Heat Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 3.6% of the global hvac systems market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, France hvac systems market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 17,427.3 million by 2030.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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.
Boilers was the largest segment with a revenue share of 29.6% in 2023. Horizon Databook has segmented the Germany 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.
Germany has the largest construction market in Europe. This can be attributed to several variables, including favorable government initiatives, incentives, economic confidence, resource efficiency, and a circular economy. In addition, demographic change, such as an aging population, is anticipated to accelerate the building of hospitals across the country, thereby driving the demand for HVAC systems in the coming years.
The table above depicts the percentage variations of investment in the German construction industry for 2021. As of 2022, residential construction activities in Germany are expected to develop significantly as the per capita income rises and the number of immigrants from other countries increases.
The country’s population is anticipated to grow over the forecast period as more immigrants arrive in search of employment and education opportunities, fueling a rise in the need for new homes. Owing to the substantial product demand from the country’s residential sector, the HVAC systems market in Germany is predicted to witness significant expansion over the forecast period.
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Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Germany hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany hvac systems market size, by equipment, 2018-2030 (US$M)
Germany HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
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