1.1 Definition and scope of study
The HVAC market comprises all the systems that provide heating, ventilation and air conditioning for a building, be it commercial or industrial.
This sector includes:
· Gas and oil boilers;
· Heat pumps;
· Air conditioning;
· Ventilation and air treatment;
· Solar equipment;
· Water radiators;
· Wood boilers.
Globally, this market can definitely be considered as growing. It is indeed is estimated to grow at a CAGR of 6.5% and reach a value of USD 277 billion by 2025. This growth is due to the increasing demand for energy efficient products.
In Italy too, this market can be defined to be growing, given the new trends that are slowly consolidating.
One of the main trends driving this market is the interest in new, much more sophisticated technological systems, such as the transition from synthetic to natural refrigerants. The approach is therefore becoming increasingly green as the new generations give great importance to sustainability and respect for the environment.
Another important trend to consider is CaaS (Cooling as a service) which proposes a new business system to offer HVAC systems to customers. This new method involves a change in that new systems would no longer be purchased but rented, all to avoid rather high expenses.
The last trend to take into account is digital cooling. This trend implies a digitisation of air conditioning systems through data from Italian households and allows for better performance based on citizens' habits.
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1 sector analyzed
in 40 pages
The HVAC market - France
Publicado en 04/09/2020 by Pierre Varennes
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