The Europe Air Conditioning Systems Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
The high cost of AC systems along with the high deployment cost and the increasing prices of electric energy are some of the key aspects hampering the growth of the air conditioning systems market during the forecast period. Moreover, stringent government regulations on the consumption of energy, pollution, and global warming, are estimated to hinder the growth of the air conditioning systems market during the forecast period. The increasing adoption of centralized air condition systems in residential, government and commercial spaces across various developing and developed countries is anticipated to augment the growth of the market over the forecast period.
The residential segment is estimated to display a prominent growth rate during the forecast period. This is attributed to the increasing focus of numerous market vendors on this segment. The increase in temperature across different nations has changed the climatic conditions in the last few years.
The COVID-19 pandemic has negatively impacted the demand for AC systems across this region, which may hamper the overall growth of the regional market in the coming years. One of the most crucial factors fueling the demand for air conditioning systems in this region is the heat waves witnessed across Europe, which would accelerate the growth of the regional air conditioning systems market.
The Germany market dominated the Europe Air Conditioning Systems Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9,527.2 million by 2027. The UK market would witness a CAGR of 4.9% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 6.5% during (2021 - 2027).
Based on Type, the market is segmented into Unitary, Rooftop and PTAC. Based on Technology, the market is segmented into Non-Inverter and Inverter. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Air Conditioning Systems Market Size will Hit $154 Billion by 2027, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Hitachi, Ltd., Haier Smart Home Co., Ltd. (Haier Group Corporation), Whirlpool Corporation, Mitsubishi Electric Corporation, Trane Technologies PLC, Daikin Industries, Ltd., BSH Hausgeräte GmbH (Robert Bosch Group), Alfa Laval AB, and Electrolux AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Technology
By End User
- Residential
- Commercial
- Industrial
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Carrier Global Corporation
- Hitachi, Ltd.
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Whirlpool Corporation
- Mitsubishi Electric Corporation
- Trane Technologies PLC
- Daikin Industries, Ltd.
- BSH Hausgeräte GmbH (Robert Bosch Group)
- Alfa Laval AB
- Electrolux AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Air Conditioning Systems Market, by Type
1.4.2 Europe Air Conditioning Systems Market, by Technology
1.4.3 Europe Air Conditioning Systems Market, by End User
1.4.4 Europe Air Conditioning Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. Europe Air Conditioning Systems Market by Type
4.1 Europe Air Conditioning Systems Unitary Market by Country
4.2 Europe Air Conditioning Systems Rooftop Market by Country
4.3 Europe Air Conditioning Systems PTAC Market by Country
Chapter 5. Europe Air Conditioning Systems Market by End Use
5.1 Europe Air Conditioning Systems Residential Market by Country
5.2 Europe Air Conditioning Systems Commercial Market by Country
5.3 Europe Air Conditioning Systems Industrial Market by Country
Chapter 6. Europe Air Conditioning Systems Market by Technology
6.1 Europe Non-Inverter Air Conditioning Systems Market by Country
6.2 Europe Inverter Air Conditioning Systems Market by Country
Chapter 7. Europe Air Conditioning Systems Market by Country
7.1 Germany Air Conditioning Systems Market
7.1.1 Germany Air Conditioning Systems Market by Type
7.1.2 Germany Air Conditioning Systems Market by End Use
7.1.3 Germany Air Conditioning Systems Market by Technology
7.2 UK Air Conditioning Systems Market
7.2.1 UK Air Conditioning Systems Market by Type
7.2.2 UK Air Conditioning Systems Market by End Use
7.2.3 UK Air Conditioning Systems Market by Technology
7.3 France Air Conditioning Systems Market
7.3.1 France Air Conditioning Systems Market by Type
7.3.2 France Air Conditioning Systems Market by End Use
7.3.3 France Air Conditioning Systems Market by Technology
7.4 Russia Air Conditioning Systems Market
7.4.1 Russia Air Conditioning Systems Market by Type
7.4.2 Russia Air Conditioning Systems Market by End Use
7.4.3 Russia Air Conditioning Systems Market by Technology
7.5 Spain Air Conditioning Systems Market
7.5.1 Spain Air Conditioning Systems Market by Type
7.5.2 Spain Air Conditioning Systems Market by End Use
7.5.3 Spain Air Conditioning Systems Market by Technology
7.6 Italy Air Conditioning Systems Market
7.6.1 Italy Air Conditioning Systems Market by Type
7.6.2 Italy Air Conditioning Systems Market by End Use
7.6.3 Italy Air Conditioning Systems Market by Technology
7.7 Rest of Europe Air Conditioning Systems Market
7.7.1 Rest of Europe Air Conditioning Systems Market by Type
7.7.2 Rest of Europe Air Conditioning Systems Market by End Use
7.7.3 Rest of Europe Air Conditioning Systems Market by Technology
Chapter 8. Company Profiles
8.1 Carrier Global Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent Strategies and Developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisitions and Mergers:
8.1.5.3 Product Launches and Product Expansions:
8.1.5.4 Geographical Expansions:
8.2 Hitachi, Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent Strategies and Developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Geographical Expansions:
8.3 Haier Smart Home Co., Ltd. (Haier Group Corporation)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Geographical Expansions:
8.4 Whirlpool Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent Strategies and Developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Mitsubishi Electric Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent Strategies and Developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisitions and Mergers:
8.5.5.3 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 Trane Technologies PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.7 Daikin Industries, Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent Strategies and Developments:
8.7.5.1 Acquisitions and Mergers:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Geographical Expansions:
8.7.6 SWOT Analysis
8.8 BSH Hausgeräte GmbH (Robert Bosch Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent Strategies and Developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisitions and Mergers:
8.8.5.3 Product Launches and Product Expansions:
8.9 Alfa Laval AB
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.10. Electrolux AB
8.10.1 Company Overview
8.10.2 Recent Strategies and Developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 2 Europe Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Air Conditioning Systems Market
TABLE 4 Product Launches And Product Expansions– Air Conditioning Systems Market
TABLE 5 Acquisition and Mergers– Air Conditioning Systems Market
TABLE 6 Geographical Expansions– Air Conditioning Systems Market
TABLE 7 Europe Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 8 Europe Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 9 Europe Air Conditioning Systems Unitary Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Air Conditioning Systems Unitary Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Air Conditioning Systems Rooftop Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Air Conditioning Systems Rooftop Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Air Conditioning Systems PTAC Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Air Conditioning Systems PTAC Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 16 Europe Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 17 Europe Air Conditioning Systems Residential Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe Air Conditioning Systems Residential Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Air Conditioning Systems Commercial Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Air Conditioning Systems Commercial Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Air Conditioning Systems Industrial Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Air Conditioning Systems Industrial Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 24 Europe Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 25 Europe Non-Inverter Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe Non-Inverter Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe Inverter Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Inverter Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 31 Germany Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 32 Germany Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 33 Germany Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 34 Germany Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 35 Germany Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 36 Germany Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 37 Germany Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 38 Germany Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 39 UK Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 40 UK Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 41 UK Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 42 UK Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 43 UK Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 44 UK Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 45 UK Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 46 UK Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 47 France Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 48 France Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 49 France Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 50 France Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 51 France Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 52 France Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 53 France Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 54 France Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 55 Russia Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 56 Russia Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 57 Russia Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 58 Russia Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 59 Russia Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 60 Russia Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 61 Russia Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 62 Russia Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 63 Spain Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 64 Spain Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 65 Spain Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 66 Spain Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 67 Spain Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 68 Spain Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 69 Spain Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 70 Spain Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 71 Italy Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 72 Italy Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 73 Italy Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 74 Italy Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 75 Italy Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 76 Italy Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 77 Italy Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 78 Italy Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 79 Rest of Europe Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 80 Rest of Europe Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 81 Rest of Europe Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 82 Rest of Europe Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 83 Rest of Europe Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 84 Rest of Europe Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 85 Rest of Europe Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 86 Rest of Europe Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 87 Key Information – Carrier Global Corporation
TABLE 88 Key Information – Hitachi, Ltd.
TABLE 89 key information –Haier Smart Home Co., Ltd.
TABLE 90 Key information – Whirlpool Corporation
TABLE 91 key information – Mitsubishi Electric Corporation
TABLE 92 Key Information – Trane Technologies PLC
TABLE 93 Key information – Daikin Industries, Ltd.
TABLE 94 Key Information – BSH Hausgeräte GmbH
TABLE 95 key Information – Alfa Laval AB
TABLE 96 Key Information – Electrolux AB
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent Strategies and Developments: Carrier Global Corporation
FIG 6 Recent Strategies and Developments: Hitachi, Ltd.
FIG 7 Recent strategies and developments: Haier Smart Home Co., Ltd.
FIG 8 Recent Strategies and Developments: Mitsubishi Electric Corporation
FIG 9 SWOT Analysis: Mitsubishi Electric Corporation
FIG 10 Recent Strategies and Developments: Daikin Industries Ltd.
FIG 11 SWOT Analysis: Daikin Industries Ltd.
FIG 12 Recent Strategies and Developments: BSH Hausgeräte GmbH (Robert Bosch Group)