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Increasing Adoption of VRF Systems, Heat pumps, Smart, and Energy-efficient Technologies Boost the Central Air Conditioning Systems Market in Europe

Thursday Feb 06, 2025

A new report by Industry Experts, Inc., on "European Central Air Conditioning Systems Market", is unveiled. The study reveals that between 2024 and 2030, unit shipments of Central Air Conditioning Systems by European producers are projected to grow at a CAGR of 2.4%, reaching 3.3 million units by 2030. In terms of value, the European market for Central Air Conditioning Systems is anticipated to reach US$10.2 billion by 2030, growing at a CAGR of 3.8%.

The European Central Air Conditioning Systems production experienced a notable decline in 2020, due to the COVID-19 pandemic, which disrupted new construction and renovation activities across Europe. The industry rebounded sharply in 2021, driven by a recovery in commercial and residential construction and government-backed renovation initiatives. By 2024, European unit shipments of Central Air Conditioning Systems by domestic producers reached an estimated 2.85 million units, up from 2.7 million units in 2020, reflecting a modest CAGR of 1% during the 2020-2024 period. The European Central Air Conditioning Systems industry is undergoing a transformation driven by technological advancements, regulatory pressures, and changing market dynamics. While challenges such as economic uncertainties and competition from low-cost imports persist, the increasing adoption of VRF systems, heat pumps, and smart, energy-efficient technologies offers significant opportunities for growth.

Central Plant Systems segment is largest in terms of volume shipments in the European Central Air Conditioning Systems market with a share of 60% in 2024 and is anticipated to post a CAGR of 1.8% between 2024 and 2030 in reaching 1.9 million units by 2030. Among Central Plant Systems, Fan Coil Units corner the largest share in terms of volume shipments, estimated at 76.7% in 2024, followed distantly by Air Handling Units.

The study analyzes the European Central Air Conditioning Systems market based on the Country – Czech Republic, Denmark, Finland, France, Germany, Italy, Russia, Spain, Turkiye, The United Kingdom, and the Rest of Europe.

This report analyzes the Central Air Conditioning Systems market in Europe on the basis of product segment which includes the – DX AC Systems: Split AC Systems, Packaged AC Systems, VRF Systems, and Heat Pumps; and the Central Plant AC Systems: Chillers, Air Handling Units, Fan Coil Units, and Cooling Towers.

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