In 2023, Germany held the largest share of the European sold production of refrigeration and freezing equipment and heat pumps, while Denmark showed impressive growth at 28.29% year-on-year. France and Austria also saw positive trends, whereas Italy experienced a decline. Over the last five years, Slovenia, Belgium, and Romania displayed notable increases in their compound annual growth rates (CAGR). In contrast, Norway and Iceland witnessed significant declines in production share.
Looking ahead, the focus should be on sustainable production methods and technological advancement in energy efficiency across major manufacturing countries. The move towards green energy and stringent environmental regulations is likely to drive future growth trends in this sector. Monitoring Scandinavian countries' adaptation to these trends could provide early indicators of the overall European market direction.
Top countries in Sold Production of Refrigeration and Freezing Equipment and Heat Pumps, Except Household Type Equipment Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16.92 | 2023 | +1.35% | +1.31% | View data |
| 2 | 2 France | 15.5 | 2023 | +5.18% | +2.53% | View data |
| 3 | 3 Italy | 14.44 | 2023 | -1.99% | -3.87% | View data |
| 4 | 4 Denmark | 12.11 | 2023 | +24.81% | +28.29% | View data |
| 5 | 5 Czechia | 8.21 | 2023 | |||
| 6 | 6 Sweden | 7.98 | 2023 | +2.89% | +10.76% | View data |
| 7 | 7 Spain | 7.42 | 2023 | +6.41% | +3.01% | View data |
| 8 | 8 United Kingdom | 3.88 | 2023 | -0.47% | +0.35% | View data |
| 9 | 9 Austria | 3.26 | 2023 | +8.07% | +14.78% | View data |
| 10 | 10 Poland | 1.94 | 2023 | +2.16% | +0.44% | View data |
