In 2023, Germany led the European industrial cooling and ventilation equipment sector with 114.02 million hours worked despite a slight decrease of 0.2% year-on-year. Italy and the UK followed with 61.706 million hours (up 0.76%) and 53.168 million hours (up 3.24%), respectively. Notable other markets include Sweden (22.933 million hours, up 3.75%) and Poland (22.326 million hours, up 1.23%). The Czech Republic saw a notable decline of 5.16%, while Slovakia experienced the highest growth at 6.34%. Other significant changes include a 3.75% increase in Sweden and a significant drop in Estonia by 9.82%. Future trends to watch include:
- Adoption of energy-efficient technologies impacting hours worked in Germany and Italy.
- Potential growth in Poland and Romania driven by new industrial projects.
- Technological advancements may lead to efficiency gains, affecting hours worked within mature markets like the UK and Sweden.
- Emerging markets such as Latvia, which saw a 7.21% increase, may continue to grow.
- Economic or regulatory changes could significantly influence hours worked in Eastern European countries.
Top countries in Industrial Cooling and Ventilation Equipment Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 114,020,000 | 2023 | +1.29% | -0.2% | View data |
| 2 | 2 Italy | 61,706,000 | 2023 | +0.21% | +0.76% | View data |
| 3 | 3 United Kingdom | 53,168,000 | 2023 | +0.84% | +3.24% | View data |
| 4 | 4 Sweden | 22,933,000 | 2023 | +3.77% | +3.75% | View data |
| 5 | 5 Poland | 22,326,000 | 2023 | +2.42% | +1.23% | View data |
| 6 | 6 Czech Republic | 22,321,000 | 2023 | -5.12% | -5.16% | View data |
| 7 | 7 Spain | 17,684,000 | 2023 | -1.26% | -2.16% | View data |
| 8 | 8 Hungary | 12,971,000 | 2023 | +1.61% | -0.25% | View data |
| 9 | 9 Austria | 9,586,300 | 2023 | +1.3% | +1.3% | View data |
| 10 | 10 Slovakia | 8,640,000 | 2023 | +3.69% | +6.34% | View data |
