The Air Conditioning Machines with Refrigeration Unit market in Croatia exhibited varying trends from 2013 to 2023. The market saw a general upward trend with some fluctuations. The market size grew from €21.79 million in 2013 to €32.368 million in 2023. However, significant drops in 2014 and 2020 affected the overall growth rate. From 2018 to 2019, the market contracted slightly by -1.26% after a robust growth of 13.17% the previous year, with the largest decline observed in 2020 at -16.16% due to external factors likely led by the pandemic. In recent years, a gradual recovery was noted with 2021 showing a 15.96% increase, and a steady growth through 2022 and 2023.
Key Year-on-Year variations:
- 2022: +6.6%
- 2023: +1.23%
Future trends to watch include advancements in energy-efficient systems, an increasing preference for eco-friendly refrigerants, and the potential impact of regulatory changes in environmental standards. The market’s growth will also likely be influenced by economic recovery rates and development in infrastructure projects in Croatia.
How does Croatia rank in Air Conditioning Machines with Refrigeration Unit Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 419,650,000 | 2023 | +1.12% | -4.38% | View data |
| 2 | 2 Sweden | 138,070,000 | 2023 | +4.81% | +5.39% | View data |
| 3 | 3 Finland | 103,340,000 | 2023 | +2.12% | -0.84% | View data |
| 4 | 4 Denmark | 54,319,000 | 2023 | +3.9% | +4.33% | View data |
| 5 | 5 Croatia | 32,368,000 | 2023 | +1.23% | +0.71% |
