by Corinne Gangloff
October 15, 2021
According to a new Freedonia Group analysis, Western Europe potentially represents a major growth market for residential air conditioning equipment, as the region includes many wealthy nations where this technology has historically been under-penetrated, especially in comparison to the US:
Through 2025, residential demand for HVAC equipment in Western Europe is projected to slow from the elevated sales levels of the 2015-2020 period. While growth in residential building construction activity is expected to be sluggish, rising acceptance of AC and efforts to replace older equipment with more energy-efficient units will provide opportunities for growth.
Global demand for residential HVAC equipment is forecast to increase 4.0% per year through 2025. Sales will improve relative to the 2015-2020 period as residential building construction activity rises. Factors contributing to sales will vary across regions:
Want to Learn More?
Global Residential HVAC Market, now available from the Freedonia Group, examines the global market for HVAC equipment used in single-family houses, apartment and condominium (i.e., multifamily) buildings, and manufactured homes. Demand for residential HVAC equipment is segmented by product and global geographic region. Historical data (2010, 2015, and 2020) and forecasts for 2025 and 2030 are presented in current US dollars (including inflation) at the global, regional, and country regions. Analysis of leading global producers including market share is also provided.
HVAC equipment discussed includes:
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