The sold production of non-domestic cooling and ventilation equipment in Austria increased significantly from 2013 to 2023, seeing peaks in 2017 and 2021, with a record high in 2021. However, the growth was marked by volatility, with notable declines in certain years such as 2018 and 2022. In 2023, the production stood at 525.97 million Euros, representing a modest year-on-year growth of 3.52% from the previous year and an average annual growth rate (CAGR) of 3.95% over the last five years.
Looking ahead, the forecast suggests a steady growth trajectory with a 5-year CAGR of 2.42% up to 2028, indicating a 12.71% overall growth within this period. This forecast points to a positive outlook for the industry, although at a slightly slower pace compared to previous peaks.
Future trends to watch for include technological advancements in smart and energy-efficient systems, as well as potential impacts of regulatory changes aimed at reducing carbon emissions and promoting sustainability. Additionally, the ongoing adaptation to climate change and increased demand for cooling solutions in various sectors may drive further growth.
