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HVAC in Europe

Publisher GlobalData
Published Aug 07, 2025
Length 49 Pages
SKU # GBDT20492648

Description

HVAC in Europe

Summary

HVAC in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • HVAC stands for heating, ventilation, and air conditioning. It refers to the mechanisms that control and distribute heated and cooled air in residential, industrial, and commercial structures, including workplaces, residences, and indoor stadiums.
  • The European HVAC market recorded revenues of $65.9 billion in 2024, representing a compound annual growth rate (CAGR) of 3.4% between 2019 and 2024.
  • The commercial segment accounted for the market's largest proportion in 2024, with total revenues of $25.7 billion, equivalent to 39.0% of the market's overall value.
  • The rise in mega infrastructure projects is a key driver for the European HVAC market, as large commercial complexes, airports, and industrial facilities require sophisticated heating, ventilation, and air conditioning systems for optimal climate control and energy efficiency. Construction projects of large airports, such as London Heathrow Airport Expansion in the UK and Bordeaux Airport Expansion in France, are fueling demand for advanced HVAC solutions to maintain air quality and ensure comfort in expansive indoor spaces.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hvac market in Europe
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hvac market in Europe
  • Leading company profiles reveal details of key hvac market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Europe hvac market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Europe hvac market by value in 2024?
  • What will be the size of the Europe hvac market in 2029?
  • What factors are affecting the strength of competition in the Europe hvac market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Europe's hvac market?

Table of Contents

49 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Carrier Global Corp
8.2. Johnson Controls International Plc
8.3. Mitsubishi Electric Corp
8.4. Daikin Industries Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: Europe HVAC market value: $ billion, 2019-24
Table 2: Europe HVAC market category segmentation: % share, by value, 2019-24
Table 3: Europe HVAC market category segmentation: $ billion, 2019-24
Table 4: Europe HVAC market geography segmentation: $ billion, 2024
Table 5: Europe HVAC market value forecast: $ billion, 2024-29
Table 6: Carrier Global Corp: Key Facts
Table 7: Carrier Global Corp: annual financial ratios
Table 8: Carrier Global Corp: key employees
Table 9: Johnson Controls International Plc: Key Facts
Table 10: Johnson Controls International Plc: annual financial ratios
Table 11: Johnson Controls International Plc: key employees
Table 12: Mitsubishi Electric Corp: Key Facts
Table 13: Mitsubishi Electric Corp: annual financial ratios
Table 14: Mitsubishi Electric Corp: key employees
Table 15: Mitsubishi Electric Corp: key employees Continued
Table 16: Daikin Industries Ltd: Key Facts
Table 17: Daikin Industries Ltd: annual financial ratios
Table 18: Daikin Industries Ltd: key employees
Table 19: Daikin Industries Ltd: key employees Continued
Table 20: Europe Size of Population (Million), 2020-24
Table 21: Europe Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Europe GDP (Current Prices, $ Billion), 2020-24
Table 23: Europe Inflation, 2020-24
Table 24: Europe Consumer Price Index (Absolute), 2020-24
Table 25: Europe Exchange Rate, 2019-24
List of Figures
Figure 1: Europe HVAC market value: $ billion, 2019-24
Figure 2: Europe HVAC market category segmentation: $ billion, 2019-24
Figure 3: Europe HVAC market geography segmentation: % share, by value, 2024
Figure 4: Europe HVAC market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the HVAC market in Europe, 2024
Figure 6: Drivers of buyer power in the HVAC market in Europe, 2024
Figure 7: Drivers of supplier power in the HVAC market in Europe, 2024
Figure 8: Factors influencing the likelihood of new entrants in the HVAC market in Europe, 2024
Figure 9: Factors influencing the threat of substitutes in the HVAC market in Europe, 2024
Figure 10: Drivers of degree of rivalry in the HVAC market in Europe, 2024

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