The European market for non-domestic cooling and ventilation equipment experienced diverse performance across countries in 2023. France led with a significant production value of 2.22 billion Euros, reflecting a YoY growth of 5.64%. Germany and Italy followed, with Italy showing a remarkable surge of 23.16%. The United Kingdom and Spain reported moderate increases, while Germany and Portugal faced declines. The five-year CAGR illustrates a mixture of resilience and challenges, with notable growth in Austria, Sweden, and Finland, while Serbia and Lithuania demonstrated downturns.
Looking forward, the European market is expected to maintain moderate growth, driven by advancements in energy-efficient technologies and stringent environmental regulations. Key markets like France and Italy will likely expand due to increasing industrial activities and infrastructure development. Sustainability concerns and the transition towards smart building solutions remain pivotal trends to watch, encouraging innovation and regional partnerships.
Top countries in Sold Production of Installation of Non-Domestic Cooling and Ventilation Equipment by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,220,000,000 | 2023 | +3.88% | +5.64% | View data |
| 2 | 2 Germany | 964,640,000 | 2023 | +1.24% | -2.19% | View data |
| 3 | 3 Italy | 898,790,000 | 2023 | +15.27% | +23.16% | View data |
| 4 | 4 United Kingdom | 555,650,000 | 2023 | +1.27% | +3.35% | View data |
| 5 | 5 Spain | 529,700,000 | 2023 | +3.06% | +2.01% | View data |
| 6 | 6 Netherlands | 392,670,000 | 2023 | +0.51% | +0.69% | View data |
| 7 | 7 Belgium | 336,120,000 | 2023 | +2.31% | +1.61% | View data |
| 8 | 8 Austria | 220,010,000 | 2023 | +1.91% | +1.69% | View data |
| 9 | 9 Poland | 153,670,000 | 2023 | +2.08% | +1.58% | View data |
| 10 | 10 Czechia | 149,120,000 | 2023 |
