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 market value share of heat pumps and air conditioning systems sold in Italy in 2017, by type. According to data, ** percent of revenues were generated by the sales of heating systems, whereas the sales of cooling systems accounted for ** percent of the market value.

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.

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

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 2017, imports of air conditioning machines with refrigeration unit in Italy amounted to X units, lowering by -X% against the previous year. Overall, imports of air conditioning machines with refrigeration unit continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2009, an increase of X% y-o-y.

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!

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

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HVAC Market Size 2025-2029

The HVAC market size is valued to increase by USD 90.5 billion, at a CAGR of 7% from 2024 to 2029. Growing construction sector will drive the HVAC market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 56% growth during the forecast period.
By Type - HVAC equipment segment was valued at USD 118.50 billion in 2023
By End-user - Non-residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 84.23 billion
Market Future Opportunities: USD 90.50 billion
CAGR from 2024 to 2029 : 7%

Market Summary

The market, a critical component of infrastructure for commercial and residential buildings, experienced significant expansion in recent years. With the construction sector's robust growth, the demand for HVAC systems has escalated, driven by the increasing adoption of building automation systems. These advanced technologies enable energy efficiency, improved indoor air quality, and enhanced comfort, making them indispensable in modern architecture. However, challenges persist. HVAC equipment failures, often due to poor maintenance or aging infrastructure, can lead to significant operational disruptions and financial losses. To mitigate these issues, manufacturers and service providers are investing in innovative solutions, such as predictive maintenance technologies and smart HVAC systems.
These advancements not only address equipment failures proactively but also contribute to energy savings and overall system optimization. According to a recent study, the market was valued at over USD 200 billion in 2020. This figure underscores the market's importance and potential for continued growth. As the industry evolves, it will remain focused on delivering energy efficiency, reliability, and connectivity to meet the ever-changing needs of businesses and consumers.

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

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How is the HVAC Market 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 market is experiencing robust growth due to the expanding population, surging construction expenditures, and rising sales of commercial and residential buildings. This trend is particularly noticeable in the adoption of advanced HVAC technologies such as zoned systems, thermal insulation, fan power optimization, direct digital controls, humidity control, and smart HVAC technology. Manufacturers are prioritizing energy efficiency and sustainability, with innovations like heat pump technology, variable refrigerant flow, and building automation systems gaining traction. Key sub-segments of the market include air conditioning, heating, and ventilation. In the air conditioning sector, there is a growing demand for heat pumps, room ACs, and unitary ACs.

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The HVAC equipment segment was valued at USD 118.50 billion in 2019 and showed a gradual increase during the forecast period.

To meet stringent energy efficiency and green technology regulations, manufacturers are developing eco-friendly solutions that minimize chlorofluorocarbon (CFC) and hydrofluorocarbon (HFC) emissions. The growth is attributed to factors such as the increasing focus on energy efficiency metrics, building energy codes, and the integration of heat transfer principles, refrigeration cycles, and thermal comfort into HVAC system design. Additionally, advancements in air handling units, HVAC controls, refrigerant efficiency, energy modeling software, air filtration systems, chilled water systems, boiler system maintenance, cooling tower efficiency, ventilation optimization, and heating system design are driving market expansion.

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Regional Analysis

APAC is estimated to contribute 56% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends

In Italy, the smart home market grew over the past seven years. In 2022, among the product categories in the smart home market, heating and air conditioners registered the highest market share (** percent), followed by smart home appliances and security (** percent).

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.

Comprehensive dataset containing 35 verified Air conditioning system supplier businesses in Metropolitan City of Turin, Italy with complete contact information, ratings, reviews, and location data.

Statistics illustrates market overview of air conditioning machines; incorporating a refrigerating unit and a valve for reversal of the cooling or heat cycle in Italy from 2007 to 2024.

In 2024, the Italian market for air conditioning machines without refrigeration unit increased by 22% to $1B, rising for the third consecutive year after two years of decline. Overall, consumption, however, recorded a slight descent. Consumption of peaked at $1.2B in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

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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 that shape the market during the for