Press release
Germany HVAC Equipment Market Size Worth USD 13.45 Billion By 2030 | CAGR 4.38%: Infinium Global Research
The HVAC (Heating, Ventilation, and Air Conditioning) Equipment Market in Germany is set for substantial growth, projected to experience a significant Compound Annual Growth Rate (CAGR) in the forecast period. The industry is witnessing a surge in demand fueled by advanced and innovative developments to meet the highest standards of climate control in buildings. The Germany HVAC equipment market was valued at USD 9.61 Billion in 2022 and is expected to reach USD 13.45 Billion by 2030 and grow at a CAGR of 4.38% over the forecast period.To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/3333
Key Drivers of Germany HVAC Equipment Market Growth
The Germany HVAC industry is undergoing a transformative phase, characterized by the integration of monitoring systems and intelligent technology. This evolution is primarily attributed to the increasing construction activity, leading to a high demand for monitoring systems. The market is also experiencing growth due to industrialization, a rise in commercial spaces, and the growing awareness of building performance and sustainability trends.
Industrialization and Rise in Commercial Spaces
Stable macroeconomic developments in Germany have contributed to the growth of the HVAC industry, with a notable increase in the demand for office spaces. The rising awareness of building performance and sustainability trends has led to an uptick in demand for HVAC equipment in commercial spaces. The aesthetic value added by heating, ventilation, and air conditioning units in industrial and commercial places, coupled with the growth in urbanization and commercial establishments, is propelling the market forward. Additionally, the adoption of building automation systems, intelligent technologies, and smartphone-controlled HVAC devices is further boosting market growth.
Impact of Climate Change
Changes in atmospheric conditions and the potential threat to the living environment are major concerns for the public. Climate change is expected to impact building energy use for HVAC equipment in Germany. The country's fairly mild climate during the summer months has led to increased installations of ventilation systems with Air Handling Units (AHUs) for fresh air delivery, reducing the reliance on central air conditioning. The demand for air conditioning is rising due to climate change, positively influencing the HVAC equipment market.
Challenges and Opportunities
While the HVAC equipment market in Germany is poised for growth, challenges such as higher energy consumption and high maintenance costs pose hurdles. HVAC systems contribute significantly to energy consumption, with associated maintenance costs being relatively high. However, the market is presented with opportunities in the form of government incentives for energy-efficient HVAC units and the growing awareness of green technologies.
Growth of Energy-Efficient Technologies
The German government's active promotion of energy-efficient HVAC units through incentive programs is contributing to market growth. The country's commitment to green technologies, reflected in ambitious energy-saving programs, creates opportunities for the HVAC equipment market. Favorable government regulations, including the Renewable Energies Heat Act (EEWärmeG), further support the growth of the industry.
Market Segmentation
The Germany HVAC equipment market is segmented into heating equipment, ventilation equipment, and air conditioning equipment. In 2018, air conditioning equipment dominated the market, accounting for the majority of revenue. The sub-segments include:
=> Heating Equipment: Furnaces, boilers, unitary heaters, heat pumps, etc., are driving growth with cost-effective heating solutions and demographic changes.
=> Ventilation Equipment: Essential for removing odors, humidity, and pollutants from indoor areas, ventilation equipment is expected to witness accelerated market growth, particularly in manufacturing industries.
=> Air Conditioning Equipment: Leading the market with 54.55% revenue share in 2018, air conditioning equipment finds applications in manufacturing, transportation, and food production, controlling humidity and providing cooling for buildings.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. HVAC Equipment Market Highlights
2.2. HVAC Equipment Market Projection
2.3. HVAC Equipment Market Regional Highlights
Chapter 3. Global HVAC Equipment Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Type
3.4.2. IGR-Growth Matrix Analysis by End-user
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of HVAC Equipment Market
Chapter 4. HVAC Equipment Market Macro Indicator Analysis
Chapter 5. Global HVAC Equipment Market by Type
5.1. Heating Equipment
5.1.1. Heat Pumps
5.1.2. Furnaces
5.1.3. Unitary Heating
5.1.4. Boilers
5.1.5. Radiators
5.1.6. Others
5.2. Ventilation Equipment
5.2.1. Ventilation Fans/Air Pumps
5.2.2. Humidifiers/Dehumidifiers
5.3. Air Conditioning Equipment
5.3.1. Unitary Air Conditioners
5.3.2. Room Air Conditioners
5.3.3. Coolers and Others
5.4. Chiller
Chapter 6. Global HVAC Equipment Market by End-user
6.1. Commercial
6.2. Residential
6.3. Industrial
6.4. Others
Chapter 7. Global HVAC Equipment Market by Region 2023-2030
7.1. North America
7.1.1. North America HVAC Equipment Market by Type
7.1.2. North America HVAC Equipment Market by End-user
7.1.3. North America HVAC Equipment Market by Country
7.2. Europe
7.2.1. Europe HVAC Equipment Market by Type
7.2.2. Europe HVAC Equipment Market by End-user
7.2.3. Europe HVAC Equipment Market by Country
7.3. Asia-Pacific
7.3.1. Asia-Pacific HVAC Equipment Market by Type
7.3.2. Asia-Pacific HVAC Equipment Market by End-user
7.3.3. Asia-Pacific HVAC Equipment Market by Country
7.4. RoW
7.4.1. RoW HVAC Equipment Market by Type
7.4.2. RoW HVAC Equipment Market by End-user
7.4.3. RoW HVAC Equipment Market by Sub-region
Chapter 8. Company Profiles and Competitive Landscape
8.1. Competitive Landscape in the Global HVAC Equipment Market
8.2. Companies Profiles
8.2.1. United Technologies Corporation (Carrier)
8.2.2. Haier Inc.
8.2.3. Samsung Electronics
8.2.4. Lennox International Inc.
8.2.5. Daikin Industries. Ltd.
8.2.6. Emerson Electric Company
8.2.7. Electrolux AB
8.2.8. LG Corporation
8.2.9. Panasonic Corporation
8.2.10. Danfoss A/S
8.2.11. Carrier Corporation
Chapter 9. Appendix
9.1. Primary Research Findings and Questionnaire
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/3333
Reasons to Buy this Report:
=> Comprehensive analysis of regional markets for HVAC equipment.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling the business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meetings with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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