The non-domestic cooling and ventilation equipment market in Germany exhibited fluctuating growth trends between 2013 and 2023. The market value was €11.656 billion in 2023, growing 1.88% from the previous year. Between 2013 and 2023, the market observed years of decline (such as 2020 with -8.9%) and growth, with a notable rebound in 2021 by 9.1%. The compound annual growth rate (CAGR) over the last five years (2018-2023) stands at 0.5%, indicating modest growth.
Forecasts from 2024 to 2028 predict steady growth, with an anticipated CAGR of 1.36% over the next five years.
Future trends to watch for:
- Increasing demand for energy-efficient and environmentally friendly equipment.
- Technological advancements in cooling and ventilation systems.
- Impact of regulatory changes and sustainability initiatives.
- Growth of smart and connected devices in the HVAC sector.
