the HVAC market | France

1.1 Presentation and definition of the HVAC market

The HVAC technology includes all the facilities that ensure heating, ventilation and air conditioning of a building, whether tertiary or industrial.

Several activities are grouped together in the HVAC market:

• Gas and oil boilers ;
• Heat pumps ;
• Air conditioning ;
• Ventilation and air treatment ;
• Solar equipment ;
• Water radiators ;
• Filtration ;
• Wood boilers.

Thanks to the development of technology and the increasing demand for energy saving products, the global HVAC market is expected to grow at a CAGR (compound annual growth rate) of 5,9% during the period 2020-2026. The French market is also promising as it increased from 2015 to 2020 with a CAGR of around 3%.

In fact, HVAC is an activity with a strong sustainable development and energy saving component, since its objective is to develop solutions to regulate the temperature of professional premises or homes. Because of its importance, HVAC is closely linked to renewable energies (solar, biomass, condensation boilers, biogas, etc.).

Hence, the HVAC industry is therefore highly dependent on the health of the construction market and on regulatory advances in environmental protection.