The Italy Air conditioner market reached USD 2.42 Billion in 2024. The market is expected to grow at a CAGR of 4.70% between 2025 and 2034, reaching almost USD 3.83 Billion by 2034.

The Italy Commercial HVAC Market Report is Segmented by Type of Component (HVAC Equipment (Heating Equipment, Air Conditioning /Ventilation Equipment), HVAC Services) and End-User Industry (Hospitality, Commercial Buildings, Public Buildings, and Other End-User Industries). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

This statistic depicts the share of heat pumps and air conditioning systems sold in Italy in 2017, by type. According to data, 82 percent of devices sold were heating systems, whereas cooling systems reached 18 percent of units sold.

The Italy Air Conditioner market is anticipated to grow at more than 4% CAGR from 2023 to 2028.

This statistic displays the internal market volume of air conditioning equipment in Italy in 2016, by type. According to data, the most common systems on the Italian market were split and multi-split air conditioners. Precision setting air conditioners were instead the kind of cooling appliances least widespread.

In 2023, the Italy HVAC Systems Market reached a value of USD 4.50 billion, and it is projected to surge to USD 6.49 billion by 2030.

Plumbing, heating and air conditioning installation revenue is forecast to grow at a compound annual rate of 2.2% over the five years through 2025 to €273.6 billion. The revenue of plumbing and HVAC contractors is closely tied to construction sector cycles and generally aligns with broader economic and investment trends. Since the pandemic, weak economic conditions, highlighted by rampant inflation and supply chain disruptions, have driven up construction material costs, squeezing investment budgets, particularly in the commercial market, as customers aim to conserve cash. Also, persistent inflationary pressures have further constrained revenue opportunities as central banks have raised base rates, leading to increased borrowing costs and further restricting new investments in construction. In 2024, inflated interest rates are expected to continue to weigh on the housing market, contributing to weaker house prices and hindering demand from residential property developers. Nonetheless, demand from infrastructure construction and utility companies will remain resilient due to the essential nature of plumbing and HVAC systems. This will also keep demand for repair and maintenance services from the commercial market fairly strong, especially where these systems are business-critical. In 2025, although inflation is easing and central banks are reducing interest rates, economic uncertainty persists due to ongoing supply chain issues that continue to drive up construction project costs, limiting revenue potential for industry contractors. Despite these challenges, the push for building decarbonisation is creating significant income opportunities for heat pump installers. Revenue is forecast to increase by 2.5% in 2025. Over the five years through 2030, revenue is forecast to expand at a compound annual rate of 6.4% to €372.6 billion. Easing inflationary pressures will translate into recovering economic sentiment, supporting renewed demand from commercial and residential clients alike. Continue public investment into infrastructure projects and public buildings, like schools and hospitals, will also support demand for plumbing and HVAC installation services. The provision of repair and maintenance services is also slated to remain healthy. Driven by the EU Green Deal’s targets, HVAC companies will continue to innovate their services, providing more energy-efficient solutions.

In 2021, the demand for air conditioning devices in Italy amounted to approximately *** million units, the highest number of the past decade. Within the observed period, demand for air conditioning increased steadily since 2014, with the year 2020 marking the only significant exception to this general upward trend when only approximately *** million units were sold.

Forecast: Air Conditioning Machines Market Size Value in Italy 2023 - 2027 Discover more data with ReportLinker!

The Italy commercial HVAC market size was valued at USD 0.78 billion in 2025 and is expected to expand at a compound annual growth rate (CAGR) of 7.05% from 2025 to 2033. The market is driven by the growing demand for energy-efficient and sustainable HVAC systems in commercial buildings, the increasing adoption of smart building technologies, and the government's initiatives to promote energy conservation. Key trends in the Italy commercial HVAC market include the rising popularity of variable refrigerant flow (VRF) systems, the growing adoption of cloud-based HVAC management systems, and the increasing demand for integrated HVAC solutions. The market is dominated by a few large players such as Johnson Controls International PLC, Midea Group Co Ltd, Daikin Industries Ltd, Robert Bosch GmbH, and Carrier Corporation. However, there are also a number of small and medium-sized players in the market that offer specialized products and services. The market is expected to remain competitive in the coming years. The Italy commercial HVAC market has witnessed steady growth over the past few years, driven by increasing construction activities and government initiatives to promote energy efficiency. The market is characterized by a high concentration of domestic players, with a few global players holding a significant market share. The industry is highly regulated, with strict building codes and energy efficiency standards. The market is characterized by a high level of innovation, with manufacturers continuously introducing new and improved products. Recent developments include: March 2024: Daikin Industries Ltd unveiled its latest innovation, the 'All Seasons' Perfera home air-to-air heat pump, a cutting-edge air conditioning system. This new iteration boasts a complete overhaul, with its indoor and outdoor units reimagined for improved user-friendliness, simplifying installation and operation., January 2024: Mitsubishi Electric Europe BV announced the release of its residential air-to-water heat pumps. The company's Hydrolution EZY monoblock can produce hot water at up to 60°C and outdoor temperatures down to -25°C. It is available in two power variants: 10 kW and 14 kW.. Key drivers for this market are: Growing Commercial Construction in Major Emerging Economies, Increasing Demand For Energy Efficient Devices; Extreme Climate Conditions Fuel Heating and Cooling Equipment Demand. Potential restraints include: Growing Commercial Construction in Major Emerging Economies, Increasing Demand For Energy Efficient Devices; Extreme Climate Conditions Fuel Heating and Cooling Equipment Demand. Notable trends are: Heating Equipment is Expected to Grow with Significant CAGR.

The Italy HVAC market, valued at €6.3 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.3% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization and a rising demand for comfortable indoor environments in both residential and commercial sectors are primary contributors. Furthermore, stringent energy efficiency regulations implemented by the Italian government are incentivizing the adoption of energy-efficient HVAC systems, further fueling market growth. The growing awareness of environmental concerns and the need to reduce carbon emissions is also driving demand for sustainable HVAC technologies, such as heat pumps and systems utilizing renewable energy sources. This shift towards eco-friendly solutions is reshaping the competitive landscape, with manufacturers investing heavily in research and development to offer innovative and sustainable products. The market is segmented by various system types (e.g., air conditioning, heating, ventilation), end-user applications (residential, commercial, industrial), and technology (e.g., smart HVAC systems). Leading players such as Carrier Corporation, Daikin Industries, and Midea Group are vying for market share through strategic partnerships, technological advancements, and expansion initiatives. The forecast period (2025-2033) suggests continued expansion, with the market size expected to surpass €10 billion by 2033. However, potential restraints include economic fluctuations and the high initial investment costs associated with upgrading HVAC systems, particularly in the residential sector. Despite these challenges, the long-term outlook remains positive, driven by sustained economic growth, government support for energy efficiency initiatives, and a growing preference for advanced and environmentally conscious HVAC solutions within Italy. The competitive landscape is expected to remain dynamic, with ongoing innovation and consolidation within the industry. The increasing integration of smart technologies and the Internet of Things (IoT) in HVAC systems is likely to further accelerate market growth in the coming years. Key drivers for this market are: Supportive Government Regulations Including Incentives for Saving Energy through Tax Credit Programs, Growing Demand For Replacement and Retrofit Activity; Increasing Demand For Energy Efficient Devices. Potential restraints include: Supportive Government Regulations Including Incentives for Saving Energy through Tax Credit Programs, Growing Demand For Replacement and Retrofit Activity; Increasing Demand For Energy Efficient Devices. Notable trends are: Residential Sector to Witness a Significant Growth.

Air Conditioning Machines Market Size Value in Italy, 2021 Discover more data with ReportLinker!

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HVAC Market Size 2025-2029

The HVAC market size is forecast to increase by USD 90.5 billion, at a CAGR of 7% between 2024 and 2029. The market is experiencing significant growth, driven primarily by the expanding construction sector. With the increasing number of infrastructure projects and new building developments, the demand for heating, ventilation, and air conditioning systems is on the rise.

Major Market Trends & Insights

APAC dominated the market and accounted for a 56% share in 2023. The market is expected to grow significantly in Europe region as well over the forecast period. Based on the Type, the HVAC equipment segment led the market and was valued at USD 145.10 billion of the global revenue in 2023. Based on the End-user, the non-residential segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 224.90 Billion Future Opportunities: USD 90.5 Billion CAGR (2024-2029): 7% APAC: Largest market in 2023

There is a trend towards the integration of building automation systems, which not only enhances energy efficiency but also offers improved comfort and convenience for occupants. However, the market faces challenges as well. The failure issues with HVAC equipment pose a significant threat, leading to increased maintenance costs and potential downtime. Companies must focus on addressing these challenges by investing in robust design and manufacturing processes, as well as implementing effective maintenance strategies to ensure the reliability and longevity of their systems.

To capitalize on the opportunities presented by this dynamic market, businesses must stay informed of the latest trends and be prepared to adapt quickly to changing customer needs and regulatory requirements.

What will be the Size of the HVAC Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in technology and the growing demand for energy efficiency and improved indoor air quality. System efficiency improvements, such as air conditioning systems with variable refrigerant flow and demand-controlled ventilation, are gaining popularity. Air quality monitoring, thermal imaging analysis, and sensor network integration are also crucial components of modern HVAC system design. Control system integration and building energy modeling are essential for optimizing energy performance. For instance, a leading retailer reported a 15% energy savings by implementing predictive maintenance and smart HVAC controls in their stores. The HVAC industry is expected to grow by 4% annually, with a focus on heat recovery systems, airflow management, and building automation systems. The HVAC services segment is the second largest segment of the type and was valued at USD 66.70 billion in 2023.

HVAC equipment lifespan is another critical factor, with fan energy consumption and refrigerant leak detection being key areas of concern. Thermal comfort analysis and heating system controls ensure optimal temperature and humidity levels, while chiller plant operation and cooling tower maintenance are crucial for large-scale commercial applications. Advanced technologies like heat pump technology, refrigerant efficiency, and thermal imaging analysis contribute to the continuous unfolding of market activities. HVAC system commissioning, zoning strategies, energy performance contracts, and ventilation optimization are also essential elements of the evolving HVAC landscape.

How is this HVAC Industry segmented?

The hvac industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

HVAC equipment HVAC services

End-user

Non-residential Residential

Heating Equipment

Heat pumps Furnaces Unitary heaters Boilers

Ventilation Equipment

Air handling units Air filters Dehumidifiers Ventilation fans Humidifiers Air purifiers

Cooling Equipment

Unitary air conditioners VRF systems Chillers Room air conditioners Coolers Cooling towers

Geography

North America

US

Europe

France Germany Italy Spain UK

APAC

China India Japan South Korea

Rest of World (ROW)

By Type Insights

The HVAC equipment segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 145.10 billion in 2023. It continued to the largest segment at a CAGR of 5.31%.

The market is experiencing significant growth due to the increasing population, industrialization, and rising construction expenditure. This trend is driving the demand for heating, ventilation, and air conditioning (HVAC) systems in both residential and commercial sectors. Air conditio

Comprehensive dataset of 3,432 Air conditioning contractors in Italy as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Air Conditioning Machine Price in Italy - 2023. Find the latest marketing data on the IndexBox platform.

Comprehensive dataset of 9 Air conditioning system suppliers in Metropolitan City of Florence, Italy as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2024, the Italian air conditioning machine market decreased by -6.6% to $1.7B for the first time since 2020, thus ending a three-year rising trend. In general, consumption continues to indicate a resilient increase. Air conditioning machine consumption peaked at $1.9B in 2023, and then fell in the following year.

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.

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Data Center Precision Air Conditioning Market Size 2025-2029

The data center precision air conditioning market size is forecast to increase by USD 1.59 billion at a CAGR of 10% between 2024 and 2029.

The market is experiencing significant growth due to the increasing construction of data centers worldwide. With the digital transformation and the rise of cloud computing, there is a surging demand for advanced cooling solutions to maintain optimal operating temperatures and ensure data center efficiency. One such innovative cooling technology gaining traction is economizer-based precision cooling. This approach utilizes outside air when conditions permit, reducing energy consumption and costs. However, challenges remain in ensuring adaptability to varying climate conditions and maintaining consistent cooling performance. As businesses seek to capitalize on this market opportunity, it is crucial to address these challenges through technological advancements and strategic partnerships. Companies must also stay abreast of evolving regulations and industry trends to effectively navigate the competitive landscape and meet the growing demand for reliable and energy-efficient cooling solutions.

What will be the Size of the Data Center Precision Air Conditioning Market during the forecast period?

Request Free SampleThe market encompasses the supply and demand for advanced cooling solutions designed to maintain optimal temperatures and humidity levels in mission-critical facilities, including data centers, computer rooms, and telecommunications operators. With the increasing reliance on IT equipment and the expansion of fiber optic lines and satellite communications, the demand for precision cooling systems has d. Consumers seek to minimize network latency and ensure uninterrupted operations, particularly in remote areas. Operational expenses, including power usage effectiveness, have become a significant concern, driving the adoption of facility automation and energy-efficient cooling technologies. Traditional data centers and hyperscale facilities alike are exploring various cooling methods, such as artificial intelligence, machine learning, and cooling technologies like water-based, air-based, and immersion cooling, to optimize energy usage and reduce heat generation. Cooling systems play a pivotal role in ensuring the reliable operation of IT infrastructure and maintaining the performance of critical facilities.

How is this Data Center Precision Air Conditioning Industry segmented?

The data center precision air conditioning industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. DeploymentIn-row coolingIn-rack coolingCentralizedProductCRAC unitsCRAH unitsGeographyNorth AmericaUSCanadaAPACChinaIndiaJapanSouth KoreaEuropeFranceGermanyItalyUKMiddle East and AfricaSouth America

By Deployment Insights

The in-row cooling segment is estimated to witness significant growth during the forecast period.The market is experiencing growth due to the increasing demand for high-density IT environments in mission critical facilities and telecommunications operators. In-row cooling, a precision cooling solution, is gaining popularity as it allows for tailored cooling to specific rows, improving the efficiency of hot-aisle/cold-aisle rack layouts. This technology removes hot air from the hot aisle and supplies cold air in the cold aisle, ensuring top-to-bottom temperature uniformity. In-row cooling solutions are particularly beneficial in fiber optic lines, computer rooms, and server room environments, where minimal network latency is required. Operational expenses, such as Power Usage Effectiveness (PUE), are a significant concern for businesses, leading to the adoption of precision air conditioning systems in traditional data centers and hyperscale facilities. Cooling technologies, including in row cooling, in rack cooling, centralized cooling, and water based cooling, are being employed to reduce power consumption and IT administration costs. Furthermore, the integration of artificial intelligence (AI) and machine learning in cooling systems is expected to further optimize energy usage and reduce operational expenses. Precision air conditioners, such as outside unit, inside unit, CRAC units, and CRAH units, are essential components of these advanced cooling systems.

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The In-row cooling segment was valued at USD 990.40 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers

The Italy commercial HVAC market, valued at €780 million in 2025, is projected to experience robust growth, driven by increasing investments in sustainable building practices and a burgeoning tourism sector fueling demand for efficient climate control in hotels and commercial spaces. The market's Compound Annual Growth Rate (CAGR) of 7.05% from 2019 to 2024 suggests a continued upward trajectory through 2033. Key drivers include stringent energy efficiency regulations, a growing awareness of indoor air quality, and the expanding adoption of smart building technologies integrating HVAC systems. The hospitality sector, particularly hotels and resorts, represents a significant portion of the market, alongside commercial buildings and public infrastructure projects. Market segmentation by component reveals strong demand for both HVAC equipment (heating, air conditioning, and ventilation systems) and related services, including installation, maintenance, and repair. Leading players, including Johnson Controls, Midea, Daikin, and Carrier, are focusing on technological innovation, offering energy-efficient solutions and advanced controls to cater to the evolving market demands. The market's growth, however, may face some restraints, potentially including fluctuating energy prices, economic volatility, and the availability of skilled labor for installation and maintenance services. The forecast period (2025-2033) anticipates sustained expansion, fueled by government incentives promoting energy efficiency and the construction of new commercial buildings. The market segmentation by end-user industry will likely see continued growth in all sectors, but particularly in the hospitality and commercial building segments due to their higher sensitivity to climate control and the increasing desire for premium amenities. Competitive dynamics are likely to intensify, with companies focusing on mergers and acquisitions, strategic partnerships, and innovative product offerings to enhance market share and cater to the specific needs of different customer segments. Future growth will also hinge on technological advancements, focusing on the integration of renewable energy sources and the development of smart HVAC systems for improved energy efficiency and building management. The Italian government's commitment to sustainability and its initiatives to promote green building technologies will further accelerate this market's positive growth trajectory. Recent developments include: March 2024: Daikin Industries Ltd unveiled its latest innovation, the 'All Seasons' Perfera home air-to-air heat pump, a cutting-edge air conditioning system. This new iteration boasts a complete overhaul, with its indoor and outdoor units reimagined for improved user-friendliness, simplifying installation and operation., January 2024: Mitsubishi Electric Europe BV announced the release of its residential air-to-water heat pumps. The company's Hydrolution EZY monoblock can produce hot water at up to 60°C and outdoor temperatures down to -25°C. It is available in two power variants: 10 kW and 14 kW.. Key drivers for this market are: Growing Commercial Construction in Major Emerging Economies, Increasing Demand For Energy Efficient Devices; Extreme Climate Conditions Fuel Heating and Cooling Equipment Demand. Potential restraints include: Growing Commercial Construction in Major Emerging Economies, Increasing Demand For Energy Efficient Devices; Extreme Climate Conditions Fuel Heating and Cooling Equipment Demand. Notable trends are: Heating Equipment is Expected to Grow with Significant CAGR.