The HVAC equipment market share in Europe will post an incremental growth of USD 9.95 billion, progressing at a CAGR of 5.96% during the forecast period. The growth in data centers will offer immense growth opportunities to market vendors. The HVAC equipment market in Europe is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “HVAC Equipment Market in Europe by End-user and Geography - Forecast and Analysis 2021-2025” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The HVAC equipment market in Europe is segmented by end-user (non-residential and residential), geography (Italy, France, Germany, the UK, and Rest of Europe)
The growth of the HVAC equipment market size in Europe by the non-residential segment will be significant during the forecast period. The growth of the segment is attributed to the increasing need to prevent dust-related explosions.
The growth in data centers will directly influence the HVAC equipment market in Europe. In addition, the increasing demand for energy-efficient HVAC systems is one of the major HVAC equipment market trends in Europe that will positively impact the market growth. However, factors such as the high market competition from APAC vendors will hamper the HVAC equipment market growth in Europe.
The market is fragmented due to the presence of several players. Some of the major HVAC equipment market vendors in Europe are:
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2021-2025.
CAGR of the HVAC equipment market in Europe forecast during 2021-2025.
Market-level data on units, average selling prices, and values of the HVAC equipment market share in Europe.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the HVAC equipment market in Europe.
HVAC equipment industry growth across Europe.
