The market for non-domestic cooling and ventilation equipment in France experienced significant volatility over the last decade. The noteworthy fluctuations include a dramatic dip in 2021, followed by a strong recovery in 2022. By 2023, the market stood at 4.03 billion euros, showing a stable growth pattern. The year-on-year variation over the last two years revealed a substantial recovery and stabilization: from a sharp decline of 42.09% in 2021, to a robust growth of 94.27% in 2022, and a moderate increase of 4.04% in 2023. The 5-year CAGR leading to 2023 was 1.04%, reflecting modest average annual growth.
Looking forward, the market is expected to show steady growth. Forecasts up to 2028 suggest a 5-year CAGR of 0.95%, with a projected value of 4.28 billion euros by that year. Key future trends to watch for include advancements in energy-efficient technologies, increased regulatory emphasis on environmental compliance, and shifts in industrial demand due to changing climate conditions.
