The market for refrigeration, freezing equipment, and heat pumps, excluding household types in France, has been steadily growing. In 2023, the market size was at a baseline from which it projected growth in the upcoming years, with forecasted volumes suggesting an average annual increase. Specifically, from 2024 onwards, the market is expected to grow with a compound annual growth rate (CAGR) of approximately 3.09% up to 2028. Notably, a year-on-year growth of around 4% to 4.6% is observed from 2024 to 2028.

Trends to watch for in this market include:

Increasing demand for energy-efficient and eco-friendly equipment.
Technological advancements enhancing equipment performance and durability.
Government incentives promoting the use of green technologies potentially influencing market dynamics.