Europe Air Conditioning EquipmentCompanies (2024 - 2029)

Europe Air Conditioning Equipment Market Companies Summary

The European Air Conditioning Equipment market is predicted to see significant growth in the coming years, largely due to rising temperatures and humidity levels across the region. This expansion is also driven by an increase in new housing starts, rising construction spending, increased government investment in green building initiatives, and rapid urbanization. To support energy efficiency, various European nations have developed extensive regulatory frameworks and binding targets for the industrial, transport, and building sectors. For example, an association in France is working to promote the smart building industry within smart cities, combining organizations from different sectors related to the construction industry. Product innovations are also spurring the adoption of air conditioning equipment. One global provider of healthy, safe, and sustainable building and cold chain solutions recently launched a new service platform for heating, ventilating, and air conditioning (HVAC) equipment in Europe. This platform was designed to meet specific customer needs and maintain equipment performance throughout a product's lifecycle. However, the COVID-19 pandemic has impacted the supply chain for air conditioning equipment, leading to increased costs and a shortage of semiconductor supplies due to high demand from other industries.