Buy the full study
Detailed content of our market study
Inforamtion
- Number of pages : ~ 40 pages
- Format : Digital and PDF versions
- Last update :
Summary and extracts
1 Market Overview
1.1 Definition and presentation
The HVAC market includes all systems that provide heating, ventilation, and air conditioning for a building, whether tertiary or industrial. It means anintegrated system for air quality and thermal comfort, i.e., a set of technologies, machines and systems used in indoor environments for indoor environmental well-being. The use of an HVAC system makes it possible to manage all the main factors that determine the indoor microclimate of an environment so that it is healthy, pleasant and energy sustainable, with the grouping of interconnected mechanical systems, such as air conditioners, boilers, air purifiers and heat pumps.
The value of the global HVAC market shows steady growth from 2023 to 2028. Starting from $237.74 billion in 2023, it reaches $309.69 billion in 2028. This represents a 30.26 percent increase in six years, with a compound annual growth rate (CAGR) of 5.43 percent. The market is undergoing significant transformation due to the increasing integration of Internet of Things (IoT) technology with HVAC products, making them innovative and affordable. The emphasis on interconnecting different sensors within building ecosystems, including HVAC, has increased to achieve energy efficiency.
The European HVAC market shows steady growth from 2023 to 2029. Starting at $64.33 billion in 2023, it reaches $92.50 billion in 2029, marking a 43.78% increase in six years, at a CAGR of 6.24%. In recent years, European countries have also witnessed significant climate change. Rising temperatures and heat waves have increased the demand for HVAC systems in residential and commercial buildings to control indoor climatic conditions and support market growth.
The HVAC market in Italy shows an increase of 38.89% in seven years at a compound annual growth rate of 4.80%. There is also good news in terms of manufactured and sold productions, having increased by 23 .34% and 23.43% respectively.The growth is attributed to several factors. First, increasing demand for energy efficient solutions is a key factor. Italy, like many other European countries, is taking measures to reduce carbon emissions and improve energy efficiency by supporting the adoption of modern, more efficient HVAC systems. Second, infrastructure modernization plays an important role.
1.2 Global HVAC Market
The value of the global HVAC market shows steady growth from **** to ****. Starting from $***.** billion in ****, it reaches $***.** billion in ****. This represents a **.** percent increase over six years, with a compound annual growth rate (***) technology with HVAC products, making them innovative and affordable. The emphasis on interconnecting different sensors within building ...
1.3 The European market
The European HVAC market shows steady growth from **** to ****. Starting at $**.** billion in ****, it reaches $**.** billion in ****, marking an increase of **.** percent in six years, at a CAGR of *.** percent. The market is undergoing tremendous changes due to the increasing integration of IoT technology with HVAC products, making HVAC systems smarter, ...
1.4 The Italian market
The HVAC market in Italy shows steady growth from **** to ****. Starting at $*.* billion in ****, it is expected to reach $*.** billion in ****, marking a **.**% increase in seven years and a compound annual growth rate of *.**%.
Italian HVAC market value Italy, ****-****, in US$ billion NextMsc
The growth of the HVAC market in ...
1.5 Imports and Exports
From **** to ****, HVAC exports from Italy under HS code **** steadily increased from $*.** billion in **** to $*.** billion in ****. Imports, after decreasing in ****, grew to $*.** billion in ****, then declined slightly to $*.** billion in ****. The coverage ratio, which measures the ratio of exports to imports, showed significant changes: starting at *.** in ****, it peaked at ...
1.6 Inflation suffered by the sector
The HVAC industry in Italy has faced many challenges due to inflation, which has increased the cost of materials and components, such as copper and aluminum, used in the production of air conditioning and heating systems. This increase has led to higher final prices for consumers, affecting demand. Energy costs, which ...
2 Demand analysis
2.1 Overview of demand
From **** to ****, the HVAC spending item in Italy showed considerable changes in terms of current euros. Starting from *.** euros in ****, spending decreased to *.** euros in ****. In ****, it rose again to *.** euros, then fell again to *.** euros in **** and *.** euros in ****. In ****, spending increased significantly, reaching *.** euros, the highest value in the ...
2.2 Geographical distribution of demand
Data on average household spending on HVAC in Italy show significant regional differences. Households in the Northeast and Northwest spend an average of *.** euros, the highest figure among all regions. In the Center, average spending is significantly lower at *.** euros. Households in the South and Islands both spend *.** euros on average. ...
2.3 Trends in HVAC demand
Trends in online searches in Italy for air conditioning, heating system, and ventilation from **** to **** show clear seasonal trends.
Searches for air conditioning peak during the summer months, with a peak of **.** in July **** and another peak of ** in July ****. During the winter months, interest drops dramatically, reaching a low in ...
2.4 New demand trends
New trends in Heating, Ventilation, and Air Conditioning (***) offerings are evolving rapidly to meet the growing needs for energy efficiency, sustainability, and advanced technology represent a significant advancement in the HVAC industry, driven by the need for sustainability, efficiency, and improved comfort for end users. With the increasing adoption of innovative ...
3 Market structure
3.1 Italian market structure
As far as the Italian market is concerned, there is no Ateco code that groups enterprises and employees into a single HVAC section. We considered for manufacturing the codes [***]. Data on the number of enterprises active in the manufacture of refrigeration and ventilation equipment and stationary domestic air conditioners in Italy ...
3.2 Operation of an HVAC system
The large enclosures that house air conditioners on the roofs of residential and commercial buildings are examples of HVAC systems, the visible component of which is used primarily in large industrial plants, high-rise buildings, apartment buildings, and large indoor spaces. These systems are also essential in environments where there are hygienic ...
3.3 Distribution channels
The distribution channels for HVAC (***) systems in Italy include a variety of players and strategies; these channels often work in synergy to ensure that HVAC products are available to end customers with the quality and support needed for efficient installation and operation.
table { width: ***%; border-collapse: collapse; } th, td { border: *px solid ...
3.4 The main players in the market
The major HVAC manufacturing companies are:
Daikin: Founded in **** in Osaka, Japan, is a global leader in the HVAC industry, with a presence in more than *** countries. The company develops, manufactures, and markets heating, ventilation, air conditioning, and refrigeration systems, including refrigerants. It is known for its commitment to innovation and ...
4 Supply analysis
4.1 Supply analysis
In the HVAC (***) industry, market offerings can be divided into several categories depending on the type of service and product offered, the following cover the full spectrum of HVAC solutions available in the market, each with specific applications, benefits, and features.
Source: ****
table { width: ***%; border-collapse: collapse; } table, th, td { border: *px ...
4.2 The price analysis
The consumer price index for heating appliances and air conditioners in Italy showed a significant fluctuation between **** and ****. Starting from a value of **.* in ****, the index decreased to **.* in ****, marking a decrease of * percent. Thereafter, there was an increase, culminating in a value of ***.* in ****, equivalent to an increase of **.* percent ...
4.3 New supply trends
The HVAC (***) industry is evolving rapidly, driven by a number of innovative trends that reflect technological, environmental, and market changes. The industry is responding with innovations that not only improve performance and reduce operating costs, but also contribute to a healthier and more sustainable environment.
Energy Efficiency and Sustainability:
High Efficiency ...
5 Regulations
5.1 Regulation
In energy matters, the national reference standard is Law ** of Jan. *, **** "Regulations on the rational use of energy, energy saving and development of renewable sources of energy"; this has been followed by other laws and legislative decrees, mostly of an implementing nature, including:
presidential Decree No. *** of August **, ****, "Regulations containing standards ...
6 Positioning of actors
6.1 Market segmentation
- Daikin
- Carrier
- Mitsubishi (MEHITS)
- Clivet
- Aermec
- Siemens
- Ferroli
- Haier HVAC Italy Trading
- York
- Ferguson
List of charts presented in this market study
- Global HVAC market value
- HVAC market shares
- European HVAC market value
- More HVAC exporters by value
- Major importers of HVAC by value
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
The HVAC market | Italy
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
5 reports pack (-15%) IT Italy
- 5 reports at €75.6 excluding VAT per study to choose from our Italian catalogue for 12 months
- Save 15% on additional studies purchased
- Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)
See the terms and conditions of the pack and the refund of unused credit.
Our customer references
They have consulted our studies
Discover the opinions (+500)
Malcolm Vincent
Astoria Finance
Gregoire de Castelnau
Stags Participations
Timothé Huignard
PWC
Paul-Alexis Kebabtchieff
BCG
Aymeric Granet
Publicis Consultant
interviews & case studies
All interviews and case studies (45)
