The industrial cooling and ventilation equipment production value in Denmark has seen a significant upward trend since 2013. Starting at 903.7 million euros, the value climbed steadily, punctuated by an impressive jump of 20.53% in 2019. By 2023, the actual production value had reached 2060 million euros, reflecting a year-on-year increase of 7.29%. Over the last two years, the production value grew by 7.91% in 2022 and 7.29% in 2023. The compound annual growth rate (CAGR) over the past five years demonstrates a robust annual average increase of 8.98%.
The forecast for the next five years remains positive, with a projected average annual growth (CAGR) of 4.56%, implying a production value of 2750 million euros by 2028, which represents a 24.99% growth from the 2023 value.
Future trends to watch for include advancements in energy-efficient and sustainable cooling technologies, increased automation and smart integration in industrial systems, and tightening environmental regulations that could drive changes in production practices and market demand.
