HVAC Equipment Market 2023-2027

List of Tables

HVAC Equipment Market in Europe 2023-2027

Technavio has been monitoring the HVAC equipment market in Europe and is forecast to grow by $9.49 bn during 2022-2027, accelerating at a CAGR of 5.16% during the forecast period. Our report on the HVAC equipment market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in data centers fueling market growth, increasing demand for energy-efficient HVAC systems, and increasing regulatory standards and regulations on HVAC systems.

Technavio's HVAC equipment market in Europe is segmented as below:

By Product

Air conditioning equipment
Heating equipment
Ventilation equipment

By End-user

Non-residential
Residential

This study identifies the increasing focus on predictive maintenance as one of the prime reasons driving the HVAC equipment market growth during the next few years. Also, use of low-GWP refrigerants and increasing use of renewable energy sources for HVAC systems will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the HVAC equipment market in Europe covers the following areas:

HVAC equipment market sizing
HVAC equipment market forecast
HVAC equipment market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hvac equipment market vendors that include Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, FlaktGroup Holding GmbH, Haier Smart Home Co. Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson and Johnson, LG Electronics Inc., LUVE Spa, MIDEA Group, Mitsubishi Electric Corp., Nortek Inc., OSTBERG GROUP AB, Panasonic Holdings Corp., Regal Rexnord Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Systemair AB, and Zehnder Group AG. Also, the HVAC equipment market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR70019

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)

4 Historic Market Size

4.1 HVAC equipment market in Europe 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on HVAC equipment market in Europe 2017 - 2021 ($ billion)
4.2 By Product Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - By Product Segment 2017 - 2021 ($ billion)
4.3 By end-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - By end-user Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 29: Chart on Product - Market share 2022-2027 (%)
Exhibit 30: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 31: Chart on Comparison by Product
Exhibit 32: Data Table on Comparison by Product
6.3 Air conditioning equipment - Market size and forecast 2022-2027
Exhibit 33: Chart on Air conditioning equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Air conditioning equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Air conditioning equipment - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Air conditioning equipment - Year-over-year growth 2022-2027 (%)
6.4 Heating equipment - Market size and forecast 2022-2027
Exhibit 37: Chart on Heating equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 38: Data Table on Heating equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Chart on Heating equipment - Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Heating equipment - Year-over-year growth 2022-2027 (%)
6.5 Ventilation equipment - Market size and forecast 2022-2027
Exhibit 41: Chart on Ventilation equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 42: Data Table on Ventilation equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Chart on Ventilation equipment - Year-over-year growth 2022-2027 (%)
Exhibit 44: Data Table on Ventilation equipment - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Product
Exhibit 45: Market opportunity by Product ($ billion)
Exhibit 46: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 49: Chart on Comparison by End-user
Exhibit 50: Data Table on Comparison by End-user
7.3 Non-residential - Market size and forecast 2022-2027
Exhibit 51: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
7.4 Residential - Market size and forecast 2022-2027
Exhibit 55: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Residential - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 59: Market opportunity by End-user ($ billion)
Exhibit 60: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 62: Chart on Market share by geography - 2022-2027 (%)
Exhibit 63: Data Table on Market share by geography - 2022-2027 (%)
9.2 Geographic comparison
Exhibit 64: Chart on Geographic comparison
Exhibit 65: Data Table on Geographic comparison
9.3 Germany - Market size and forecast 2022-2027
Exhibit 66: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 67: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 69: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.4 UK - Market size and forecast 2022-2027
Exhibit 70: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 73: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.5 France - Market size and forecast 2022-2027
Exhibit 74: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 77: Data Table on France - Year-over-year growth 2022-2027 (%)
9.6 Italy - Market size and forecast 2022-2027
Exhibit 78: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Chart on Italy - Year-over-year growth 2022-2027 (%)
Exhibit 81: Data Table on Italy - Year-over-year growth 2022-2027 (%)
9.7 Rest of Europe - Market size and forecast 2022-2027
Exhibit 82: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
Exhibit 85: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)
9.8 Market opportunity by geography
Exhibit 86: Market opportunity by geography ($ billion)
Exhibit 87: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 88: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 89: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 90: Overview on factors of disruption
11.4 Industry risks
Exhibit 91: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 92: Vendors covered
12.2 Market positioning of vendors
Exhibit 93: Matrix on vendor position and classification
12.3 Carrier Global Corp.
Exhibit 94: Carrier Global Corp. - Overview
Exhibit 95: Carrier Global Corp. - Business segments
Exhibit 96: Carrier Global Corp. - Key news
Exhibit 97: Carrier Global Corp. - Key offerings
Exhibit 98: Carrier Global Corp. - Segment focus
12.4 Daikin Industries Ltd.
Exhibit 99: Daikin Industries Ltd. - Overview
Exhibit 100: Daikin Industries Ltd. - Business segments
Exhibit 101: Daikin Industries Ltd. - Key news
Exhibit 102: Daikin Industries Ltd. - Key offerings
Exhibit 103: Daikin Industries Ltd. - Segment focus
12.5 Danfoss AS
Exhibit 104: Danfoss AS - Overview
Exhibit 105: Danfoss AS - Business segments
Exhibit 106: Danfoss AS - Key news
Exhibit 107: Danfoss AS - Key offerings
Exhibit 108: Danfoss AS - Segment focus
12.6 Haier Smart Home Co. Ltd.
Exhibit 109: Haier Smart Home Co. Ltd. - Overview
Exhibit 110: Haier Smart Home Co. Ltd. - Business segments
Exhibit 111: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 112: Haier Smart Home Co. Ltd. - Segment focus
12.7 Honeywell International Inc.
Exhibit 113: Honeywell International Inc. - Overview
Exhibit 114: Honeywell International Inc. - Business segments
Exhibit 115: Honeywell International Inc. - Key news
Exhibit 116: Honeywell International Inc. - Key offerings
Exhibit 117: Honeywell International Inc. - Segment focus
12.8 Ingersoll Rand Inc.
Exhibit 118: Ingersoll Rand Inc. - Overview
Exhibit 119: Ingersoll Rand Inc. - Business segments
Exhibit 120: Ingersoll Rand Inc. - Key offerings
Exhibit 121: Ingersoll Rand Inc. - Segment focus
12.9 Johnson and Johnson
Exhibit 122: Johnson and Johnson - Overview
Exhibit 123: Johnson and Johnson - Business segments
Exhibit 124: Johnson and Johnson - Key news
Exhibit 125: Johnson and Johnson - Key offerings
Exhibit 126: Johnson and Johnson - Segment focus
12.10 LG Electronics Inc.
Exhibit 127: LG Electronics Inc. - Overview
Exhibit 128: LG Electronics Inc. - Product / Service
Exhibit 129: LG Electronics Inc. - Key offerings
12.11 Mitsubishi Electric Corp.
Exhibit 130: Mitsubishi Electric Corp. - Overview
Exhibit 131: Mitsubishi Electric Corp. - Business segments
Exhibit 132: Mitsubishi Electric Corp. - Key news
Exhibit 133: Mitsubishi Electric Corp. - Key offerings
Exhibit 134: Mitsubishi Electric Corp. - Segment focus
12.12 OSTBERG GROUP AB
Exhibit 135: OSTBERG GROUP AB - Overview
Exhibit 136: OSTBERG GROUP AB - Product / Service
Exhibit 137: OSTBERG GROUP AB - Key offerings
12.13 Panasonic Holdings Corp.
Exhibit 138: Panasonic Holdings Corp. - Overview
Exhibit 139: Panasonic Holdings Corp. - Business segments
Exhibit 140: Panasonic Holdings Corp. - Key news
Exhibit 141: Panasonic Holdings Corp. - Key offerings
Exhibit 142: Panasonic Holdings Corp. - Segment focus
12.14 Robert Bosch GmbH
Exhibit 143: Robert Bosch GmbH - Overview
Exhibit 144: Robert Bosch GmbH - Business segments
Exhibit 145: Robert Bosch GmbH - Key news
Exhibit 146: Robert Bosch GmbH - Key offerings
Exhibit 147: Robert Bosch GmbH - Segment focus
12.15 Samsung Electronics Co. Ltd.
Exhibit 148: Samsung Electronics Co. Ltd. - Overview
Exhibit 149: Samsung Electronics Co. Ltd. - Business segments
Exhibit 150: Samsung Electronics Co. Ltd. - Key news
Exhibit 151: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 152: Samsung Electronics Co. Ltd. - Segment focus
12.16 Systemair AB
Exhibit 153: Systemair AB - Overview
Exhibit 154: Systemair AB - Business segments
Exhibit 155: Systemair AB - Key offerings
Exhibit 156: Systemair AB - Segment focus
12.17 Zehnder Group AG
Exhibit 157: Zehnder Group AG - Overview
Exhibit 158: Zehnder Group AG - Business segments
Exhibit 159: Zehnder Group AG - Key offerings
Exhibit 160: Zehnder Group AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 163: Currency conversion rates for US$
13.4 Research methodology
Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources
13.5 List of abbreviations
Exhibit 167: List of abbreviations