The sold production of air conditioning machines with refrigeration units in Sweden stood at 47.175 million euros in 2023. Looking at historical trends, the market has seen variations with notable peaks and dips. For example, a significant growth was noted in 2017 at 15.8%, while in 2019, there was a notable decline of 12.69%. From 2022 to 2023, the market grew by 2.14%, continuing the positive trend seen in previous years albeit at a slower pace. The average annual growth (CAGR) over the last five years, standing close to -0.77%, indicates a volatile market with a slight downward trend.
Looking forward, the market is forecasted to grow modestly, with a projected CAGR of 1.54% over the next five years. Predictions indicate the market reaching 51.976 million euros by 2028, which reflects a cumulative growth rate of 7.94% over this period.
Future trends to watch for include technological advancements in energy efficiency, increasing regulatory pressures for eco-friendly solutions, and potential impacts of global supply chain fluctuations. Additionally, the rising demand for residential air conditioning driven by climate change could significantly impact market dynamics. Companies should also monitor potential economic shifts and evolving consumer preferences for sustainable products.
