Spain Hvac Systems Market Size & Outlook, 2023-2030
Spain hvac systems market, 2018-2030 (US$M)
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Spain hvac systems market highlights
- The Spain hvac systems market generated a revenue of USD 5,162.3 million in 2023 and is expected to reach USD 7,995.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.5% 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 5,162.3 million |
| Market revenue in 2030 | USD 7,995.9 million |
| Growth rate | 6.5% (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, Spain accounted for 2.2% 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 |
|---|
Spain 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 25.11% in 2023. Horizon Databook has segmented the Spain 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.
The construction boom in the country is not limited to residential projects. It extends to diverse commercial and industrial infrastructure ventures, encompassing offices, shopping centers, and manufacturing facilities.
These varied spaces need customized HVAC solutions to cater to specific heating, cooling, and ventilation requirements. The demand for HVAC systems in commercial and industrial settings is propelled by a blend of factors, including adherence to regulatory requirements, considerations for energy efficiency, and the pursuit of optimal indoor environments.
Spain's diverse climate, characterized by hot summers and mild winters, contributes significantly to the demand for HVAC systems. Air conditioning is essential during hotter months, driving the market for cooling solutions, while heating systems are necessary in winter, particularly in central and northern regions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Spain hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain hvac systems market size, by equipment, 2018-2030 (US$M)
Spain HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
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