Over the past decade, Germany's market for refrigeration and freezing equipment and heat pumps (except household types) experienced fluctuations, standing at a market size of 2.7835 billion Euros by 2023. From 2013 to 2023, the market saw notable growth in years such as 2016 (12.67% increase) and 2021 (12.22% increase), with declines in 2014, 2019, and 2020. The compound annual growth rate over the last five years was 0.86%, demonstrating a more stable, modest pace.
Future trends to watch include increasing demand for energy-efficient solutions, innovations in sustainable refrigeration technologies, and potential impacts from regulatory changes on the market dynamics in Germany.
How does Germany rank in Refrigeration and Freezing Equipment and Heat Pumps, Except Household Type Equipment Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,783,500,000 | 2023 | +2.34% | +0.86% | |
| 2 | 2 France | 1,853,400,000 | 2023 | +4.54% | +5.92% | View data |
| 3 | 3 Spain | 1,072,100,000 | 2023 | +1.7% | +1.93% | View data |
| 4 | 4 United Kingdom | 1,007,100,000 | 2023 | +0.56% | +1.23% | View data |
| 5 | 5 Italy | 496,380,000 | 2023 | -3.68% | -3.32% | View data |
