Europe HVAC System Market Forecast to 2030 - Regional Analysis - by Component, Type, Implementation, and Application

Description

List of Tables

The Europe HVAC System Market HVAC system market was valued at US$ 50,772.07 million in 2022 and is expected to reach US$ 1,25,024.86 million by 2030; it is estimated to grow at a CAGR of 11.9% from 2022 to 2030.

Rise in Demand for Energy-Efficient Solutions Fuel the Europe HVAC System Market

Greenhouse gases are the primary sources of global warming and climate change. These gases absorb the infrared energy and re-emit it back into the space, half of which returns to the Earth as heat, consequently adding to the warmth emanating from the Earth's surface. Small businesses and large industries emit various carbon compounds, such as carbon dioxide, because of using fossil fuels, which are known as "carbon footprint." Since energy-efficient solutions emit fewer harmful greenhouse gas emissions into the environment, they can contribute to lowering the carbon footprint and controlling the adverse effects of global warming. To improve the quality-of-life usage of energy-efficient appliances has been growing in recent times. The reason behind the increase in energy-efficient solutions is not only because they save energy but also because they need less maintenance and have lesser replacement costs. These solutions contribute to a positive impact on the environment.

Europe HVAC System Market Overview

Europe consists of several developed economies, such as Germany, France, Italy, the UK, and Russia. Increasing adoption of digitalization across the European region is not only influencing different industries to maximize their capabilities but also experiencing high adoption of advanced solutions across the region. This is helping the HVAC sector to increase profitability by expanding the platforms of distribution. The demand for heating or cooling that is implemented by the HVAC systems is driven by the increasing need in industrial, commercial building spaces, or residential areas. As reported by European Commission, residential and commercial buildings, HVAC systems constitute about 35% of the total energy consumption. For energy consumption, high-efficiency heat pumps can be utilized to reduce or eliminate the use of refrigerants. Hence the demand for such alternatives to reduce GHG emissions is increasing. The increase in new residential areas, increasing average construction expenses, increasing government expenses on sustainable building development, growth in disposable income and rapid urbanization across several European economies are major factors driving the adoption of HVAC systems in Europe. The regulations formed by the governments in Europe in accordance with energy efficiency and the preference for eco-friendly refrigerants in regions such as the United Kingdom, Germany, and France.

Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)

Europe HVAC System Market Segmentation

The Europe HVAC system market is segmented based on component, type, implementation, application, and country. Based on component, the Europe HVAC system market is segmented into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. The central ACs segment held the largest market share in 2022.

Based on type, the Europe HVAC system market is segmented into split system, ductless system, and packaged system. The split system segment held the largest market share in 2022.

Based on application, the Europe HVAC system market is segmented into residential, commercial, and industrial. The residential segment held the largest market share in 2022.

Based on implementation, the Europe HVAC system market is segmented into new installation and retrofit. The new installation segment held a larger market share in 2022.

Based on country, the Europe HVAC system market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe HVAC System market in 2022.

Mitsubishi Electric Corp, Hitachi Ltd, Daikin Industries Ltd, Emerson Electric Co, Honeywell International Inc, LG Electric Inc, Carrier Global Corp, and Johnson Controls Inc are some of the leading companies operating in the Europe HVAC system market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe HVAC system market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe HVAC system, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe HVAC system market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00026922

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe HVAC System Market Landscape

4.1 Market Overview
- 4.1.1 Europe
4.2 Ecosystem Analysis
4.3 Expert Opinions

5. Europe HVAC System Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rise in Demand for Energy-efficient Solutions
- 5.1.2 Growth in Government Regulatory Policies for Energy Saving and Conservation
- 5.1.3 Development of Smart HVAC System Promoting Demand
5.2 Key Market Restraints
- 5.2.1 Lack of Skilled Technical Workforce
- 5.2.2 Higher Upfront Cost of Installation, Repair, and Maintenance of HVAC System
5.3 Key Market Opportunities
- 5.3.1 Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems
- 5.3.2 Growing Adoption of Low Global Warming Potential Refrigerant
5.4 Future Trends
- 5.4.1 Integration of IoT into HVAC Systems
5.5 Impact Analysis of Drivers and Restraints

6. HVAC System Market -Europe Market Analysis

6.1 Europe HVAC System Market Revenue Forecast and Analysis

7. Europe HVAC System Market Analysis - By Component

7.1 Overview
7.2 Europe HVAC System Market, by Component (2022 and 2030)
7.3 Thermostat
- 7.3.1 Overview
- 7.3.2 Thermostat: Europe HVAC System Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Air Handling Units
- 7.4.1 Overview
- 7.4.2 Air Handling Units: Europe HVAC System Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Central ACs
- 7.5.1 Overview
- 7.5.2 Central ACs: Europe HVAC System Market - Revenue and Forecast to 2030 (US$ Million)
7.6 Furnace
- 7.6.1 Overview
- 7.6.2 Furnace: Europe HVAC System Market - Revenue and Forecast to 2030 (US$ Million)
7.1 Heat Pump
- 7.1.1 Overview
- 7.1.2 Heat Pump: Europe HVAC System Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Compressor
- 7.2.1 Overview
- 7.2.2 Compressor: Europe HVAC System Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Others
- 7.3.1 Overview
- 7.3.2 Others: Europe HVAC System Market - Revenue and Forecast to 2030 (US$ Million)

8. Europe HVAC System Market Analysis - By Type

8.1 Overview
8.2 Europe HVAC System Market, By Type (2022 and 2030)
8.3 Split System
- 8.3.1 Overview
- 8.3.2 Split System: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.4 Ductless System
- 8.4.1 Overview
- 8.4.2 Ductless System: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.5 Packaged System
- 8.5.1 Overview
- 8.5.2 Packaged System: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)

9. Europe HVAC system market Analysis - By Implementation

9.1 Overview
9.2 Europe HVAC System Market, By Implementation (2022 and 2030)
9.3 New Installation
- 9.3.1 Overview
- 9.3.2 New Installation: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)
9.4 Retrofit
- 9.4.1 Overview
- 9.4.2 Retrofit: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)

10. Global Europe HVAC System Market Analysis - By Application

10.1 Overview
10.2 Europe HVAC System Market, By Application (2022 and 2030)
10.3 Residential
- 10.3.1 Overview
- 10.3.2 Residential: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.4 Commercial
- 10.4.1 Overview
- 10.4.2 Commercial: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.5 Industrial
- 10.5.1 Overview
- 10.5.2 Industrial: Europe HVAC System Market Revenue and Forecast to 2030 (US$ Million)

11. Europe: Europe HVAC System Market Country Analysis

11.1.1 Overview
11.1.2 Europe HVAC System Market Breakdown, by Country
- 11.1.2.1 Germany Europe HVAC System Market, Revenue and Forecast to 2030
  - 11.1.2.1.1 Germany Europe HVAC System Market Breakdown, by Application
  - 11.1.2.1.2 Germany Europe HVAC System Market Breakdown, by Type
  - 11.1.2.1.3 Germany Europe HVAC System Market Breakdown, by Component
  - 11.1.2.1.4 Germany Europe HVAC System Market Breakdown, by Implementation
- 11.1.2.2 France Europe HVAC System Market, Revenue and Forecast to 2030
  - 11.1.2.2.1 France Europe HVAC System Market Breakdown, by Application
  - 11.1.2.2.2 France Europe HVAC System Market Breakdown, by Type
  - 11.1.2.2.3 France Europe HVAC System Market Breakdown, by Component
  - 11.1.2.2.4 France Europe HVAC System Market Breakdown, by Implementation
- 11.1.2.3 Italy Europe HVAC System Market, Revenue and Forecast to 2030
  - 11.1.2.3.1 Italy Europe HVAC System Market Breakdown, by Application
  - 11.1.2.3.2 Italy Europe HVAC System Market Breakdown, by Type
  - 11.1.2.3.3 Italy Europe HVAC System Market Breakdown, by Component
  - 11.1.2.3.4 Italy Europe HVAC System Market Breakdown, by Implementation
- 11.1.2.4 UK Europe HVAC System Market, Revenue and Forecast to 2030
  - 11.1.2.4.1 UK Europe HVAC System Market Breakdown, by Application
  - 11.1.2.4.2 UK Europe HVAC System Market Breakdown, by Type
  - 11.1.2.4.3 UK Europe HVAC System Market Breakdown, by Component
  - 11.1.2.4.4 UK Europe HVAC System Market Breakdown, by Implementation
- 11.1.2.5 Russia Europe HVAC System Market, Revenue and Forecast to 2030
  - 11.1.2.5.1 Russia Europe HVAC System Market Breakdown, by Application
  - 11.1.2.5.2 Russia Europe HVAC System Market Breakdown, by Type
  - 11.1.2.5.3 Russia Europe HVAC System Market Breakdown, by Component
  - 11.1.2.5.4 Russia Europe HVAC System Market Breakdown, by Implementation
- 11.1.2.6 Rest of Europe HVAC System Market, Revenue and Forecast to 2030
  - 11.1.2.6.1 Rest of Europe HVAC System Market Breakdown, by Application
  - 11.1.2.6.2 Rest of Europe HVAC System Market Breakdown, by Type
  - 11.1.2.6.3 Rest of Europe HVAC System Market Breakdown, by Component
  - 11.1.2.6.4 Rest of Europe HVAC System Market Breakdown, by Implementation

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development

13. Company Profiles

13.1 Mitsubishi Electric Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Hitachi Ltd
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Daikin Industries Ltd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Emerson Electric Co
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Honeywell International Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 LG Electronics Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Carrier Global Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Johnson Controls Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index