From 2013 to 2019, the sold production of non-domestic cooling and ventilation equipment in Spain consistently grew, with notable peaks in 2015 (10.29%) and 2017 (12.91%). Despite a dip in 2020 due to pandemic-related disruptions (-10.67%), recovery was swift with a significant rebound in 2022 (12.52%). In 2023, the market value stood at 2.37 billion Euros, recording a year-on-year growth of 5.38%. Forecasts predict continuous growth, projecting the market will reach 2.71 billion Euros by 2028, with a five-year CAGR of 2.18%.
Future trends to watch for involve advancements in energy-efficient technologies, growing environmental regulations, and increased adoption of smart ventilation systems, which could further stimulate market growth.
