The hvac market - Italy

The global HVAC market has been witnessing significant growth, characterized by trends such as increasing demand for energy-efficient solutions and the adoption of green technologies with a shift towards natural refrigerants. As per the data provided from Section 1.2, the market size for HVAC systems and services in 2021 stood at $206.6 billion, with an expected compound annual growth rate (CAGR) of 5.0% from 2021 to 2030, projecting a market size of $319.9 billion by 2030. Section 1.3 highlights the European HVAC market, which is set to expand from $61.26 billion in 2022 to an estimated $86.49 billion by 2028, growing at a rate of 5.9%. The Italian HVAC market reflects these growth trends similarly, with positive overall sales increases in monosplit and multisplit systems in both volume (+23 percent) and value (+26 percent), as reported by Assoclima. Despite the Covid-19 pandemic, the sector has proven to be strategic, with government incentives like the Superbonus contributing to market growth. The ongoing conflict and the European Commission's REPowerEU strategy underscore the role of HVAC systems in the energy transition, particularly in Europe. Additionally, from 2018 to 2021, Italy experienced a trade deficit in HVAC system imports and exports, with imports amounting to $974 million and exports tallying $658 million in 2021. France emerged as the main trading partner for Italy's HVAC system exports with a value of $118 million in 2021..**Trends and Prospects in the HVAC Sector** Within the HVAC market, technological innovation and sustainability are the prevailing trends. As energy efficiency becomes a focal point, consumers and industries alike are leaning towards sophisticated systems that minimize environmental impact. This inclination towards green technologies is reflected in the shift from synthetic to natural refrigerants and the adoption of Cooling as a Service (CaaS) business models, which offer HVAC systems on a rental basis, mitigating the financial burden of outright purchases. Furthermore, digital cooling is revolutionizing the landscape by harnessing household data to enhance system performance based on user behavior, improving both energy consumption and comfort levels. Such trends are bolstering the HVAC market growth rate, with estimates suggesting a compound annual growth rate of around 5%, projected to escalate the market value from over $200 billion to potentially between $310 and $330 billion by the end of the decade. The heating and cooling segment is particularly noteworthy, embodying a substantial portion of this growth, with future forecasts predicting significant elevations in market value for various types of HVAC equipment. In Italy, the HVAC market is also experiencing growth, aligning with global patterns. Factors contributing to this growth include increased sensitivity to sustainability, technological advancements, and innovative service delivery models like CaaS. While the exact growth figures within Italy are not explicitly mentioned, the European HVAC market, of which Italy is a part, is expected to grow from between $60 and $65 billion to approximately $85 to $90 billion by 2028, indicating an approximate growth rate of 5.9%. The Italian HVAC market also emerges as a substantial player in foreign trade, although it leans towards a trade deficit with imports valuing nearly $1 billion and exports just over half a billion dollars. France is the primary export partner, whereas the Czech Republic leads imports into Italy. Despite the deficit, exports to notable countries like France, Spain, and Germany remain strong, while imports from countries like China and Belgium are significant. The COVID-19 pandemic has underscored the importance of HVAC systems in both air quality management and energy transition. Italy's Superbonus and other incentives have propelled market expansion. During the pandemic, sales of specific HVAC products like mono and multisplit systems have seen substantial upsurges, highlighting the sector's strategic significance in supporting both the energy transition and national economies during times of crisis. In terms of HVAC system operations, large commercial buildings and residential complexes commonly use these systems to ensure hygienic standards are met through temperature and humidity control. Smaller systems often serve to cool indoor spaces.### Key Players in the HVAC Market Landscape In the dynamic and ever-evolving HVAC market, several enterprises stand out for their significant contributions to the installation, maintenance, and innovation of heating, ventilation, and air conditioning systems. These companies play a crucial role in shaping the future of climate control technologies and driving industry standards. Let's delve into some of the standout companies making waves in the HVAC sector. **Siram S.P.A** stands at the forefront with its comprehensive range of services that cover the design, implementation, and management of energy-efficient solutions. Their expertise spans across energy conservation measures, energy management, and building automation systems, making them a go-to provider for energy optimization needs. **Engie Servizi S.P.A**, is well-recognized for its solutions in energy and multi-technical services. Engie's approach focuses on integrating and managing complex energy systems while striving for sustainability and innovation. Their services are crucial in facilitating the transition towards a more energy-efficient and lower carbon future. Diving into cooperative business models, **AR.CO Works cooperative consortium company** brings together various professionals and companies to offer a wide spectrum of HVAC services. Their collaborative approach ensures a diverse set of skills and expertise, guaranteeing quality service delivery. In the realm of smart solutions, **Iren Smart Solutions S.P.A** emerges as a contemporary leader. They leverage advanced technological platforms to deliver smart energy solutions that are both sustainable and cost-effective, evidencing their commitment to driving the smart revolution in energy systems. **GETEC ITALIA S.P.A** plays a pivotal role in enhancing industrial and commercial energy efficiency. Their robust services range from planning and construction to operating energy systems, all aiming to optimize customers' energy consumption and reduce environmental impacts. Lastly, **Manital Consortium Company for INT Services** demonstrates its agility and flexibility in delivering high-quality HVAC services. Their strength lies in their ability to tailor services to the unique demands of their clients, ensuring high customer satisfaction and enduring business relationships. The common thread among these companies is their dedication to advancing the HVAC industry through innovation, sustainability, and customer-centric services. As they progress, they'll likely continue to set new benchmarks and contribute to the greener, more efficient buildings of the future.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 12/07/2023

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Summary and extracts

List of charts

• Global sales forecast for the heating and cooling segment
• World's largest exporters of air conditioners
• Size of the heating, ventilation and air conditioning (HVAC) market in selected countries.
• Turnover and production value of the non-domestic refrigeration and ventilation equipment manufacturing sector
• Turnover and production value of the furnace, burner and heating system manufacturing sector
• Value of imports and exports of HVAC systems
• Export shares of HVAC systems
• Import quotas of HVAC systems
• Breakdown by legal form of the number of active enterprises in the installation sector
• Changes in the number of enterprises in the installation of plumbing, heating and air conditioning (including maintenance and repair)
• Number of companies and employees in the heat pump industry
• Number of enterprises and employees in the manufacture of non-domestic refrigeration and ventilation equipment, manufacture of stationary household air conditioners
• Consumo di energia nel settore residenziale, per uso
• Electricity price trend
• Construction of new housing by type
• Interest in improving the environmental sustainability of one's home

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