The European market for refrigeration, freezing equipment, and heat pumps (excluding household types) showed significant variance across countries in 2023. Germany leads with a market value of 2.7835 billion euros, followed by France with 1.8534 billion euros. Spain and the UK have values of 1.0721 and 1.0071 billion euros, respectively. Italy saw a decrease of 3.32% in 2023, diverging from the positive growth seen in other countries like France (5.92%) and Greece (3.99%). Smaller markets such as Croatia, Bulgaria, and Belgium experienced nominal changes, with Belgium slightly declining by 0.85%.
Future trends to watch for include:
- Continued technological advancements in energy-efficient and eco-friendly refrigeration and freezing solutions.
- Increasing demand for commercial and industrial heat pumps driven by sustainability goals and energy transition in European countries.
- Potential market expansion driven by regulatory changes favoring non-household refrigeration systems.
Top countries in Refrigeration and Freezing Equipment and Heat Pumps, Except Household Type Equipment Market Size Value by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,783,500,000 | 2023 | +2.34% | +0.86% | View data |
| 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 |
| 6 | 6 Sweden | 478,200,000 | 2023 | +2.07% | +2.34% | View data |
| 7 | 7 Poland | 347,490,000 | 2023 | +1.33% | +2.15% | View data |
| 8 | 8 Greece | 167,600,000 | 2023 | +4.61% | +3.99% | View data |
| 9 | 9 Croatia | 71,444,000 | 2023 | +4.04% | +1.61% | View data |
| 10 | 10 Bulgaria | 63,392,000 | 2023 | +3.28% | +0.9% | View data |
