The market size volume for Refrigeration and Freezing Equipment and Heat Pumps, except household type equipment in Croatia has demonstrated an upward trajectory since 2013, reaching 59.2 thousand in 2023. There was a remarkable increase in demand from 2013 to 2017, followed by a decline from 2018 to 2021. However, the market rallied in 2022 and 2023 with positive year-on-year growth. The CAGR over the last five years reveals a modest overall growth of 0.1% annually.

Future trends to watch for include:

The impact of technological advancements and energy efficiency initiatives on market demand.
Government incentives or policies affecting the construction and industrial sectors’ adoption of such equipment.
Shifts in global supply chains that could impact production and availability in Croatia.