The sold production of non-domestic cooling and ventilation equipment in Germany has exhibited notable fluctuations between 2013 and 2023, standing at 37.078 million units in 2023. The early years saw significant growth, particularly from 2013 to 2015, followed by a decline in the subsequent period up to 2019. The market faced a sharp fall in 2020, counterbalanced by modest recovery post-pandemic.
Year-on-year, there were intense variations, with notable declines in 2016, 2017, and a severe drop in 2020. In contrast, 2015 and 2022 marked significant growth years. The last two years are marked by a slight recovery with an increase of 15.42% in 2022 and 1.63% in 2023.
The Compound Annual Growth Rate (CAGR) for the five years leading to 2023 is -1.58%, indicating a contracting market. Forecast data from 2024 to 2028 suggest a continued slight decline with a 5-year CAGR of -1.32%, and an overall forecast growth rate of -6.42%.
Future trends to watch:
- Technological advancements in energy efficiency and smart HVAC systems.
- Rising awareness and demand for eco-friendly cooling solutions.
- Potential impacts from regulatory changes focused on reducing carbon footprints.
- Market adaptation to renewable energy integration.
