The Europe HVAC Systems Market would witness market growth of 5% CAGR during the forecast period (2021-2027).
HVAC systems are considered as indoor as well as vehicular environment comfort technology that involves in offering thermal comfort and suitable indoor air quality. It is also the main component present in several residential structures that involve single-family homes, hotels, apartment buildings, and senior living facilities, medium to large industrial and office buildings, like hospitals, skyscrapers, vehicles, like cars, airplanes, ships & submarines, trains, and in marine environments, where there is a high need to regulate secure and healthy building conditions, regarding humidity, and temperature with the help of fresh air from outdoors.
As HVAC systems find potential applications in the automotive industry, the region is expected to witness healthy growth during the forecast period. Countries of the region including the UK and Germany are home to some of the leading automotive manufacturers across the world. Therefore, the demand for HVAC systems will fuel in this region based on this fact.
The surge in disposable income and growing inclination towards these systems are expected to accelerate the demand for HVAC systems over the forthcoming years. Moreover, the constant technological developments like the Internet of Things (IoT), remote control access, and automated control systems is creating various sorts of transformation in the HVAC equipment in the upcoming years. Furthermore, players operating in the regional market are putting hefty investments in R&D activities with an aim to create new and unique products including hybrid HVAC systems. Thus, these factors are likely to create a positive outlook for the growth of the regional HVAC systems market in the upcoming years.
The Germany market dominated the Europe Commercial HVAC Systems Market by Country 2020, thereby, achieving a market value of $3,740.9 million by 2027. The UK market is exhibiting a CAGR of 4% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 5.5% during (2021 - 2027).
Based on Product, the market is segmented into Cooling, Heating and Ventilation. 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 HVAC Systems Market Size will Hit $191.1 Billion by 2027, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Johnson Controls International PLC, Hitachi, Ltd., Emerson Electric Co., Mitsubishi Electric Corporation, Trane Technologies PLC, Samsung Electronics Co., Ltd., Daikin Industries, Ltd., LG Electronics, Inc. and Lennox International, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Cooling
- Heating
- Ventilation
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,
- Johnson Controls International PLC,
- Hitachi, Ltd.,
- Emerson Electric Co.,
- Mitsubishi Electric Corporation,
- Trane Technologies PLC,
- Samsung Electronics Co., Ltd.,
- Daikin Industries, Ltd.,
- LG Electronics, Inc.
- Lennox International, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe HVAC Systems Market, by Product
1.4.2 Europe HVAC Systems Market, by End User
1.4.3 Europe HVAC 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 COVID-19 Impact
2.1.1.2 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
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Feb – 2021, Aug) Leading Players
Chapter 4. Europe HVAC Systems Market by Product
4.1 Europe HVAC Systems Cooling Market by Country
4.2 Europe HVAC Systems Heating Market by Country
4.3 Europe HVAC Systems Ventilation Market by Country
Chapter 5. Europe HVAC Systems Market by End User
5.1 Europe Residential HVAC Systems Market by Country
5.2 Europe Commercial HVAC Systems Market by Country
5.3 Europe Industrial HVAC Systems Market by Country
Chapter 6. Europe HVAC Systems Market by Country
6.1 Germany HVAC Systems Market
6.1.1 Germany HVAC Systems Market by Product
6.1.2 Germany HVAC Systems Market by End User
6.2 UK HVAC Systems Market
6.2.1 UK HVAC Systems Market by Product
6.2.2 UK HVAC Systems Market by End User
6.3 France HVAC Systems Market
6.3.1 France HVAC Systems Market by Product
6.3.2 France HVAC Systems Market by End User
6.4 Russia HVAC Systems Market
6.4.1 Russia HVAC Systems Market by Product
6.4.2 Russia HVAC Systems Market by End User
6.5 Spain HVAC Systems Market
6.5.1 Spain HVAC Systems Market by Product
6.5.2 Spain HVAC Systems Market by End User
6.6 Italy HVAC Systems Market
6.6.1 Italy HVAC Systems Market by Product
6.6.2 Italy HVAC Systems Market by End User
6.7 Rest of Europe HVAC Systems Market
6.7.1 Rest of Europe HVAC Systems Market by Product
6.7.2 Rest of Europe HVAC Systems Market by End User
Chapter 7. Company Profiles
7.1 Carrier Global Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisitions and Mergers:
7.1.5.3 Product Launches and Product Expansions:
7.2 Johnson Controls International PLC
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent Strategies and Developments:
7.2.5.1 Acquisitions and Mergers:
7.3 Hitachi, Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent Strategies and Developments:
7.3.5.1 Product Launches and Product Expansions:
7.4 Emerson Electric Co.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent Strategies and Developments:
7.4.5.1 Acquisitions and Mergers:
7.4.5.2 Product Launches and Product Expansions:
7.5 Mitsubishi Electric Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent Strategies and Developments:
7.5.5.1 Acquisitions and Mergers:
7.5.6 SWOT Analysis
7.6 Trane Technologies PLC
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent Strategies and Developments:
7.6.5.1 Product Launches and Product Expansions:
7.7 Samsung Electronics Co., Ltd. (Samsung Group)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent Strategies and Developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.7.6 SWOT Analysis
7.8 Daikin Industries, Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional & Segmental Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent Strategies and Developments:
7.8.5.1 Acquisitions and Mergers:
7.8.5.2 Product Launches and Product Expansions:
7.8.6 SWOT Analysis
7.9 LG Electronics, Inc. (LG Corporation)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional & Segmental Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent Strategies and Developments:
7.9.5.1 Product Launches and Product Expansions:
7.10. Lennox International, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent Strategies and Developments:
7.10.5.1 Product Launches and Product Expansions:
TABLE 1 Europe HVAC Systems Market, 2017 - 2020, USD Million
TABLE 2 Europe HVAC Systems Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– HVAC Systems Market
TABLE 4 Product Launches And Product Expansions– HVAC Systems Market
TABLE 5 Acquisition and Mergers– HVAC Systems Market
TABLE 6 Europe HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 7 Europe HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 8 Europe HVAC Systems Cooling Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe HVAC Systems Cooling Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe HVAC Systems Heating Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe HVAC Systems Heating Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe HVAC Systems Ventilation Market by Country, 2017 - 2020, USD Million
TABLE 13 Europe HVAC Systems Ventilation Market by Country, 2021 - 2027, USD Million
TABLE 14 Europe HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 15 Europe HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 16 Europe Residential HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe Residential HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe Commercial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe Commercial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Industrial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Industrial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 22 Europe HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 23 Europe HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 24 Germany HVAC Systems Market, 2017 - 2020, USD Million
TABLE 25 Germany HVAC Systems Market, 2021 - 2027, USD Million
TABLE 26 Germany HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 27 Germany HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 28 Germany HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 29 Germany HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 30 UK HVAC Systems Market, 2017 - 2020, USD Million
TABLE 31 UK HVAC Systems Market, 2021 - 2027, USD Million
TABLE 32 UK HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 33 UK HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 34 UK HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 35 UK HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 36 France HVAC Systems Market, 2017 - 2020, USD Million
TABLE 37 France HVAC Systems Market, 2021 - 2027, USD Million
TABLE 38 France HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 39 France HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 40 France HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 41 France HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 42 Russia HVAC Systems Market, 2017 - 2020, USD Million
TABLE 43 Russia HVAC Systems Market, 2021 - 2027, USD Million
TABLE 44 Russia HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 45 Russia HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 46 Russia HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 47 Russia HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 48 Spain HVAC Systems Market, 2017 - 2020, USD Million
TABLE 49 Spain HVAC Systems Market, 2021 - 2027, USD Million
TABLE 50 Spain HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 51 Spain HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 52 Spain HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 53 Spain HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 54 Italy HVAC Systems Market, 2017 - 2020, USD Million
TABLE 55 Italy HVAC Systems Market, 2021 - 2027, USD Million
TABLE 56 Italy HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 57 Italy HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 58 Italy HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 59 Italy HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 60 Rest of Europe HVAC Systems Market, 2017 - 2020, USD Million
TABLE 61 Rest of Europe HVAC Systems Market, 2021 - 2027, USD Million
TABLE 62 Rest of Europe HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 63 Rest of Europe HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 64 Rest of Europe HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 65 Rest of Europe HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 66 Key Information – Carrier Global Corporation
TABLE 67 Key Information – Johnson Controls International PLC
TABLE 68 Key Information – Hitachi, Ltd.
TABLE 69 Key Information – Emerson Electric Co.
TABLE 70 key information – Mitsubishi Electric Corporation
TABLE 71 Key Information – Trane Technologies PLC
TABLE 72 Key Information –Samsung Electronics Co., Ltd.
TABLE 73 Key information – Daikin Industries, Ltd.
TABLE 74 Key information – LG Electronics, Inc.
TABLE 75 Key information – Lennox International, Inc.
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 : 2018, Feb – 2021, Aug) Leading Players
FIG 5 Recent Strategies and Developments: Carrier Global Corporation
FIG 6 SWOT Analysis: Mitsubishi Electric Corporation
FIG 7 Recent Strategies and Developments: Samsung Electronics Co., Ltd.
FIG 8 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 9 Recent Strategies and Developments: Daikin Industries Ltd.
FIG 10 SWOT Analysis: Daikin Industries Ltd.