The industrial cooling and ventilation equipment turnover in Italy has shown a consistent upward trend over the past decade, increasing from €6.0 billion in 2013 to €9.27 billion in 2023. The turnover in 2023 stands at €9.27 billion. After experiencing fluctuations including a slight decline in 2020, the industry has resumed growth, achieving a year-on-year growth of 2.07% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years has been 1.01%, indicating steady recovery and growth potential.
Looking ahead, the turnover is forecasted to continue its growth trajectory, reaching €10.18 billion by 2028 with a projected five-year CAGR of 1.49% and an overall growth rate of 7.7%. This indicates a stable but moderate expansion in the industry.
Future trends to watch for include:
- Emerging technologies in industrial cooling and ventilation, such as more energy-efficient systems and smart equipment.
- Regulatory changes related to environmental standards and emissions, potentially impacting equipment specifications and demand.
- Market consolidation, driven by mergers and acquisitions, as companies strive for competitive advantages and market share.
- Global supply chain dynamics and their influence on production costs and equipment availability.
