How big is the Italy HVAC Market?

The Italy HVAC Market size is expected to reach USD 6.30 billion in 2024 and grow at a CAGR of 6.30% to reach USD 8.55 billion by 2029. Read More

What is the current Italy HVAC Market size?

In 2024, the Italy HVAC Market size is expected to reach USD 6.30 billion. Read More

What years does this Italy HVAC Market cover, and what was the market size in 2023?

In 2023, the Italy HVAC Market size was estimated at USD 5.90 billion. The report covers the Italy HVAC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy HVAC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Italy HVAC Market Size & Share Analysis - Industry Research Report

Italy HVAC Market Size and Share Analysis - Growth, Trends, and Forecasts (2024 - 2029)

The Italy HVAC Market is Segmented by Type of Component (HVAC Equipment [Heating Equipment, Air Conditioning /Ventilation Equipment], HVAC Services) and End User Industry (Residential, Commercial, Industrial). The Market Sizes and Forecasts are Provided in Value (USD) for all the Above Segments.

Italy HVAC Industry Overview

The Italy HVAC market is fragmented, with the presence of significant players like Carrier Corporation, Daikin Industries, Ltd., Midea Group Co., Ltd., Johnson Controls International PLC, and Robert Bosch GmbH, among others. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance product offerings and gain sustainable competitive advantage.

June 2024: L.G. Electronics Inc. has partnered with universities in Italy to form a European consortium dedicated to advanced heat pump research. The initiative aims to bolster the performance of L.G.'s HVAC products, particularly in low-temperature climates. In Italy, attaining optimal heating efficiency poses a challenge, primarily stemming from the complexities of compressing refrigerants at lower pressures. In response, L.G. spearheaded a consortium to design heat pumps that excel in heating, even in the harshest cold climates.
September 2023: BDR Thermea Group, the innovative indoor climate solutions provider, is set to acquire a 25% stake in G.I. Holding, renewable energy-driven climate solutions for commercial and industrial sectors provider. BDR Thermea Group has already been marketing G.I. Holding's medium- to high-capacity heat pumps across Italy, Spain, and Portugal under its BAXI brand. This strategic move bolsters BDR Thermea Group's portfolio in heating and cooling solutions for industrial, commercial, and multi-residential buildings and extends G.I. Holding's new technology to a broader customer base.