The United Kingdom leads Europe's production of parts for refrigeration, freezing equipment, and heat pumps, despite recent declines of 24.32% year-over-year in 2023. Spain follows closely with a 13.98% increase in the same period. Notable declines were observed in Lithuania (-29.88%) and Hungary (-46.1%), while the Netherlands and Denmark showed robust growth, with 39.58% and 31.03% increases, respectively. Other countries, including Italy and Portugal, exhibited marginal changes.
Future trends to watch include potential continued growth in Spain and possible rebounds in the UK if macroeconomic conditions stabilize. The Netherlands and Denmark could sustain their upward trajectories, while subdued growth might persist in other regions due to fluctuating economic conditions and technological advancements.
Top countries in Sold Production of Parts of Refrigeration and Freezing Equipment and Heat Pumps by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,950,000 | 2023 | -36.06% | -24.32% | View data |
| 2 | 2 Spain | 3,901,300 | 2023 | +1.28% | +13.98% | View data |
| 3 | 3 Italy | 1,255,600 | 2023 | +22.06% | +0.14% | View data |
| 4 | 4 Lithuania | 700,590 | 2023 | -17.36% | -29.88% | View data |
| 5 | 5 Portugal | 81,620 | 2023 | +10.11% | -0.33% | View data |
| 6 | 6 Croatia | 54,700 | 2023 | +3.11% | +3.41% | View data |
| 7 | 7 Romania | 47,740 | 2023 | +7.31% | View data | |
| 8 | 8 Germany | 40,210 | 2023 | -2.6% | -4.15% | View data |
| 9 | 9 Hungary | 9,570 | 2023 | -62.89% | -46.1% | View data |
| 10 | 10 Netherlands | 3,000 | 2023 | +61.33% | +39.58% | View data |
