In the German non-domestic cooling and ventilation equipment manufacturing market, the forecast for 2024 starts at 12.27 billion euros, projecting growth each subsequent year to reach 12.924 billion euros by 2028. In 2023, the market size was 12.1 billion euros, indicating a steady increase. The year-on-year growth rate shows a consistent upward trend, with annual increases ranging from approximately 1.35% to 1.49%. Over the five-year forecast period, the compound annual growth rate (CAGR) is about 1.3%, suggesting moderate but sustained expansion.
Future trends to watch include the increasing demand for energy-efficient systems, driven by stricter environmental regulations, and advancements in smart technology integration, which could drive further growth in this market. Additionally, the rising importance of sustainable materials may influence manufacturing practices and product offerings.
