According to a recently updated industry analysis by Fact.MR, revenue from air conditioning system sales in Europe is forecasted to reach US$ 32.68 billion in 2024. This regional market is projected to expand at 6.5% CAGR and climb to a value of US$ 61.35 billion by the end of 2034.

Report Attribute	Detail
Air Conditioning System Sales in Europe (2024E)	US$ 32.68 Billion
Projected Sales (2034F)	US$ 61.35 Billion
Demand Growth (2024 to 2034)	6.5% CAGR
Sales in United Kingdom (2024E)	US$ 2.99 Billion
Market Share of Split Air Conditioning Systems (2034F)	36.9%
Sales in Residential Sector (2034F)	US$ 22.64 Billion
Sales in France (2034F)	US$ 5.67 Billion
Key Companies Profiled	Daikin Europe N.V.; Tx`x`rotec GmbH; Hebs Group Limited; Samsung Electronics Air Conditioner Europe BV; Wilo SE; Robert Bosch GmbH; Kelvion Holding GmbH; Mitsubishi Electric Corporation; AB Electrolux; Hocker Polytechnik GmbH.

Country-wise Insights

Attribute	Germany
Market Value (2024E)	US$ 3.79 Billion
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 7.18 Billion

Attribute	Russia
Market Value (2024E)	US$ 5.09 Billion
Growth Rate (2024 to 2034)	6.5% CAGR
Projected Value (2034F)	US$ 9.58 Billion

Category-wise Insights

Attribute	Split Air Conditioning Systems
Segment Value (2024E)	US$ 12.03 Billion
Growth Rate (2024 to 2034)	6.5% CAGR
Projected Value (2034F)	US$ 22.64 Billion

Attribute	Residential
Segment Value (2024E)	US$ 11.99 Billion
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 22.64 Billion

The Europe air conditioner market is projected to grow at a CAGR of 4.90% between 2025 and 2034.

The Europe Air Conditioning Market Report is Segmented by Product Type (Room AC, VRF, Chillers, and More), Cooling Capacity (less Than 8kW, 8-15kW, 15-20kW, Greater Than 20kW), Refrigerant Type (R-32, R-410A, R-290, CO₂, and More), Technology (Inverter, Non-Inverter), End User (Residential, Commercial, Industrial), Distribution Channel, and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Europe Air Conditioners Market was valued at USD 21.36 billion in 2024 and is anticipated to grow to USD 30.12 billion by 2030 with a CAGR of 5.96% during forecast period.

Pages	131
Market Size	2024: USD 21.36 Billion
Forecast Market Size	2030: USD 30.12 Billion
CAGR	2025-2030: 5.96%
Fastest Growing Segment	Splits
Largest Market	Germany
Key Players	1. Daikin Industries Limited 2. Toshiba Corporation 3. Mitsubishi Corporation 4. Electrolux AB 5. Carrier Global Corporation 6. Danfoss A/S 7. Samsung Electronics (UK) Limited 8. Whirlpool Corporation 9. Robert Bosch GmbH 10. Lennox International Inc.

Europe Air Conditioners Market by Type (Split, Window, Centralized/Ducted, Others), Tonnage (Up to 2 Tons, 2 Tons to 5 Tons, Others), Technology (Inverter, Non-inverter), End User (Residential, Commercial, Industrial), and Geography - Forecast to 2032

Europe HVAC Market is Segmented by Equipment (Air-Conditioning/Ventilation Equipment, and Heating Equipment), End-User Industry (Residential, Commercial, Industrial and Manufacturing, and More), Installation Type (New Construction, and Retrofit/Replacement), Distribution Channel (OEM-Installer Networks, Wholesale/Distributor, and More), and Country (Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, and More).

Europe Air Conditioner Market is poised for a significant growth, with market size projected to surge from USD 30.99 Billion in 2024 to USD 52.98 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 6.14% during the forecast period.

The Europe Air Conditioner market size to cross USD 52.98 Billion by 2033. [https://edison.valuemarketresearch.com//uploads/report_images/VMR112

In 2024, Italy and Spain were two of the countries with the highest demand for air conditioning devices in Europe. The demand of ACs in Italy amounted to roughly ***** million units that year, with Spain having a demand for those devices of roughly ******* million units.

The Europe Commercial HVAC Market Report is Segmented by Type of Component (HVAC Equipment [Heating Equipment, Air Conditioning/Ventilation Equipment], HVAC Services), End-User Industry (Hospitality, Commercial Building, Public Building, Other End-User Industries), and Country (United Kingdom, Germany, France, Italy). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The European air conditioning equipment market is experiencing robust growth, driven by rising temperatures, increasing urbanization, and stringent energy efficiency regulations. The market, estimated at €XX million in 2025 (assuming a logical estimation based on available CAGR and industry trends for missing market size data), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.78% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the escalating frequency and intensity of heatwaves across Europe are increasing the demand for residential and commercial air conditioning systems. Secondly, the ongoing trend of urbanization is leading to higher population densities in cities, further boosting the need for effective climate control solutions. Finally, increasingly stringent environmental regulations are encouraging the adoption of energy-efficient air conditioning technologies, such as those with high SEER ratings and use of eco-friendly refrigerants. Key players like Whirlpool Corp, Carrier Global Corporation, and Daikin Industries Limited are actively shaping the market through innovations and strategic partnerships. However, market expansion is not without challenges. Rising raw material costs and supply chain disruptions pose significant restraints. Furthermore, the initial investment cost associated with installing air conditioning systems can be a barrier for certain segments of the market. Despite these hurdles, the long-term outlook for the European air conditioning equipment market remains positive, driven by strong underlying demographic and climatic trends. Market segmentation reveals significant opportunities in both residential and commercial sectors, with further potential in specialized applications like data centers and industrial settings. Future growth will depend on manufacturers' ability to innovate and deliver affordable, energy-efficient, and environmentally sustainable solutions to meet the growing demands of a warming Europe. Key drivers for this market are: Growing Smart Cities in the Region, Replacement of Existing Equipment with Better Performing Ones. Potential restraints include: High Costs of Equipment. Notable trends are: Industrial is Expected to Grow at a Signficant Rate.

The Steam and Air Conditioning Supply industry in Europe is evolving rapidly, driven by a shift towards sustainable energy solutions and diversification away from traditional fossil fuels. Rising temperatures and urbanisation, combined with policy support for district heating and cooling networks, having driven increased uptake of industry services in recent years. Revenue is forecast to increase at a compound annual rate of 5.6% over the five years through 2025, reaching €101.8 billion. The industry has navigated significant volatility over the past five years, underpinned by huge fluctuations in energy prices across the continent. A surge in natural gas prices stemming from Russia’s full-scale invasion of Ukraine spurred a significant hike in input costs incurred by industry operators, contributing to strong revenue growth over the two years through 2022. Profitability took a hit as a result of rising input costs; however, long-term supply contracts, and an accelerated diversification away from combustion sources prevented widespread losses. Revenue has since dropped-off in line with tumbling natural gas prices, though once again, the long-term nature of contracts has limited the decline. Revenue is set to inch up by 0.6% in the current year. Revenue is forecast to grow at a compound annual rate of 4.9% over the five years through 2030, reaching €129.1 billion. Ongoing urbanisation and supportive government policy is set to contineu to drive increased uptake of district heating and cooling solutions. The transition from combustion sources to renewables is essential as the industry seeks to position itself as a key enabler towards the continents climate targets. The deployment of large-scale heat pumps represents the most viable method of decarbonising district heating and cooling networks in the coming years, though significant investment will be required in order to retrofit existing systems and build new facilities, with huge capital requirements set to drive up capital expenditure.

Europe HVAC Market was valued at USD 62.21 billion in 2024 and is anticipated to grow to USD 88.03 billion by 2030 with a CAGR of 6.02% during forecast period.

Pages	120
Market Size	2024: USD 62.21 Billion
Forecast Market Size	2030: USD 88.03 Billion
CAGR	2025-2030: 6.02%
Fastest Growing Segment	Central Air Conditioning Systems
Largest Market	Germany
Key Players	1. Daikin Industries, Ltd. 2. Robert Bosch GmbH 3. Mitsubishi Electric Europe B.V. 4. Danfoss A/S 5. Vaillant GmbH 6. Carrier Global Corporation 7. Alfa Laval Corporate AB 8. Lennox International Inc. 9. Ariston Thermo S.p.A. 10. BDR Thermea Group

In Europe Commercial Air Conditioner Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

The European market for air conditioning machines is expected to see continued growth over the next decade, driven by increasing demand. Market performance is projected to slow down slightly, with a forecasted CAGR of +0.5% for unit volume and +1.9% for market value from 2024 to 2035. By the end of 2035, the market is estimated to reach 100 million units and $45.2 billion in value.

Snapshot img

Europe Heating, Ventilation, And Air Conditioning (HVAC) Equipment Market Size 2024-2028

The Europe heating, ventilation, and air conditioning (HVAC) equipment market size is valued to increase USD 10.8 billion, at a CAGR of 5.57% from 2023 to 2028. Growth in data centers fueling market growth will drive the Europe heating, ventilation, and air conditioning (hvac) equipment market.

Major Market Trends & Insights

By End-user - Non-residential segment was valued at USD 26.20 billion in 2022
By Product - Air conditioning equipment segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 61.35 billion
Market Future Opportunities: USD 10.80 billion
CAGR from 2023 to 2028 : 5.57%

Market Summary

The market is a dynamic and evolving sector, driven by advancements in core technologies and applications. With the increasing adoption of energy-efficient solutions and the growing focus on predictive maintenance, the market is poised for significant growth. According to recent reports, the European HVAC market is expected to account for over 30% of the global market share by 2025. However, the market faces challenges such as high market competition from APAC companies and stringent regulations. Despite these hurdles, opportunities abound, particularly in the data center sector, where the demand for reliable and efficient HVAC systems is surging due to the expansion of cloud computing and the increasing number of internet users.
Overall, the European HVAC Equipment Market is a vibrant and ever-changing landscape, offering numerous opportunities for stakeholders and investors alike.

What will be the Size of the Europe Heating, Ventilation, And Air Conditioning (Hvac) Equipment Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Heating, Ventilation, And Air Conditioning (HVAC) Equipment in Europe Market Segmented and what are the key trends of market segmentation?

The heating, ventilation, and air conditioning (hvac) equipment in Europe industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Non-residential
  Residential


Product

  Air conditioning equipment
  Heating equipment
  Ventilation equipment


Geography

  Europe

    France
    Germany
    Italy
    UK

By End-user Insights

The non-residential segment is estimated to witness significant growth during the forecast period.

The European HVAC Equipment Market is characterized by continuous evolution and ongoing activities, with a focus on energy efficiency, air quality, and safety. Smart HVAC controllers and building automation systems are increasingly integrated to optimize HVAC load calculations and improve system diagnostics. Air filtration technology and thermal comfort modeling are essential for maintaining healthy indoor environments and ensuring regulatory compliance with building energy codes. In the non-residential segment, industries such as oil and gas, power, pulp and paper, water and wastewater treatment, chemical and petrochemical, mining and metal, pharmaceutical, and food and beverages account for the largest share. The increasing risk of dust-related explosions in these industries necessitates the use of explosion-proof HVAC systems.

This need is further fueled by the growing number of accidents in explosion-prone environments. As a result, the market is witnessing significant growth in explosion-proof HVAC systems, including air conditioning refrigerant systems, ventilation system designs, and heating system controls. Additionally, the chiller plant operation, heat exchanger efficiency, and HVAC commissioning process are undergoing advancements to enhance system efficiency and reduce energy consumption. Key trends include the adoption of variable refrigerant flow, demand-controlled ventilation, and pneumatic control systems. The market is also witnessing the emergence of thermal storage systems, cooling tower performance optimization, and heat pump technology with energy recovery ventilation.

Overall, the European HVAC Equipment Market is poised for continued growth as it addresses the evolving needs of industries for energy efficiency, safety, and indoor air quality.

Request Free Sample

The Non-residential segment was valued at USD 26.20 billion in 2018 and showed a gradual increase during the forecast period.

Request Free Sample

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The European HVAC market is witnessing significant growth

In 2021, the demand for air conditioning devices in Europe amounted to approximately *** million units, the highest number of the past decade. Within the observed period, demand for air conditioning increased steadily since 2015, with the year 2020 marking the only significant exception to this general upward trend when only approximately *** million units were sold.

Europe Air Conditioning Equipment Market valued at USD 25 billion, driven by rising temperatures, urbanization, and energy-efficient systems, projected to grow significantly through 2033.

In 2021, the size of the automotive heating, ventilation, and air conditioning (HVAC) market in Europe reached a value of **** billion U.S. dollars. It is projected that the market size will increase with a compound annual growth rate (CAGR) of **** percent from 2022 to 2027, reaching a value of **** billion U.S. dollars in 2027.

The Germany HVAC Market was valued at USD 4.19 Billion in 2024 and is expected to reach USD 5.94 Billion by 2030 with a CAGR of 6.06%

Pages	70
Market Size	2024: USD 4.19 Billion
Forecast Market Size	2030: USD 5.94 Billion
CAGR	2025-2030: 6.06%
Fastest Growing Segment	Central Air Conditioning Systems
Largest Market	Southwest
Key Players	1. Bosch Thermotechnik GmbH 2. Vaillant GmbH 3. Daikin Europe N.V 4. Danfoss A/S 5. Ingersoll-Rand European Holding Company B.V 6. Carrier Corporation 7. CIAT Air Conditioners 8. Ferroli Limited 9. Midea Europe GmbH 10. Mitsubishi Electric Europe B.V.

The Europe HVAC market size was valued at USD 68.80 billion in 2024 and is expected to reach USD 99.27 billion by 2030, growing at a CAGR of 6.30% during the forecast period.