유럽의 HVAC-R(난방, 환기, 공조 및 냉동) 시장 : 용도별, 제품별, 국가별 - 분석과 예측(2025-2035년)

This report can be delivered in 2 working days.

Introduction to Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market

The Europe heating, ventilation, air conditioning, and refrigeration (HVAC-R) market was valued at $58,385.4 million in 2024, and it is expected to grow at a CAGR of 3.58% and reach $86,713.0 million by 2035. The market for HVAC-R in Europe is increasing gradually thanks to increased demand for high-efficiency systems, active construction, and the expanding use of smart, sustainable technology. Deployment across industries is still being accelerated by strict EU laws that support green buildings and the integration of renewable energy. The region's HVAC-R outlook is further strengthened through 2035 by innovations in low-GWP refrigerants, sophisticated controls, and retrofit-focused solutions for aging infrastructure.

Market Introduction

Policy pressure, technological advancements, and the region's aggressive decarbonization objectives are driving a dynamic evolution of the European HVAC-R sector. The need for sophisticated HVAC (heating, ventilation, air conditioning, and refrigeration) systems is growing in the commercial, industrial, and residential sectors as nations pledge to lower carbon emissions and increase energy efficiency. Smart building controls, natural refrigerant-based systems, high-efficiency chillers, and heat pumps are increasingly essential to Europe's transition to low-carbon building operations.

This expansion is further fueled by robust construction activity, large-scale retrofitting programs, and stringent EU policies such as the F-gas phase-down, Ecodesign standards, and Green Deal initiatives, all of which are reshaping product design and hastening the transition to low-GWP refrigerants. With IoT-enabled systems, automation platforms, and predictive maintenance solutions improving performance, lowering energy consumption, and promoting grid flexibility, digitalization is also reinventing building management.

The region's long-term adoption prognosis is also being strengthened by the drive for renewable energy integration, particularly when HVAC-R systems are combined with solar PV, district heating networks, heat storage, and smart grids. The HVAC-R market is expected to increase steadily through 2035 as Europe prioritizes sustainability goals and modernizes its aging building stock. This growth will be fueled by innovation, legislative momentum, and an increasing focus on energy-efficient, climate-resilient infrastructure.

Market Segmentation:

Segmentation 1: by Application

• Residential
• Commercial
• Industrial

Segmentation 2: by Product Type

• Heating
  • Heat Pumps
  • Furnaces
  • Boilers
  • Others
• Ventilation
  • Air Filters
  • Humidifiers
  • Air Purifiers
  • Fan Coil Unit (FCO)
  • Air Handling Unit (AHU)
  • Others
• Air Conditioning
  • Window Air Conditioning
  • Portable Air Conditioning
  • Mini-Split Air Conditioning
  • Packaged Air Conditioning
  • Chillers
  • Variable Refrigerant Flow (VRF) System
  • Others
• Refrigeration
  • Freezers and Refrigerators
  • Commercial Refrigerators
  • Refrigerated Transport
• Refrigeration Market (by System Component)
  • Compressor
  • Condensor
  • Expansion Value
  • Evaporators
  • Others

Segmentation 3: by System Integration

• Standalone Systems
• Integrated Systems
• Modular Systems

Segmentation 4: by Region

• Europe: Germany, France, U.K., Italy, Denmark, and Rest-of-Europe

Europe HVAC-R Market Trends, Drivers and Challenges

Market Trends

• Strong shift toward electrified heating, with heat pumps becoming central to residential and commercial decarbonization strategies.
• Rapid transition to low-GWP refrigerants and natural refrigerants, pushing redesign of chillers, heat pumps, and refrigeration systems.
• Increasing adoption of smart HVAC-R systems, including IoT-enabled controls, predictive maintenance, and building automation.
• Rising focus on energy-efficient retrofits across Europe's aging building stock.
• Growing integration of renewable systems with HVAC-R, such as heat pumps paired with PV and storage.
• Expansion of hybrid heating systems to balance efficiency with grid constraints.

Market Drivers

• Strong policy push through EU Green Deal, Energy Efficiency Directive, and national decarbonization mandates.
• F-gas phase-down accelerating the replacement of high-GWP refrigerants and boosting demand for updated systems.
• Significant investment in building renovation, driven by energy-saving targets and high heating costs.
• Technological advancements in variable-speed compressors, inverters, and high-efficiency heat exchangers.
• Growing corporate demand for low-carbon and energy-efficient heating/cooling solutions to meet sustainability KPIs.
• Industrial cold chain expansion supporting refrigeration system upgrades.

Key Market Challenges

• Heat pump market volatility due to shifting incentives, fluctuating energy prices, and installation capacity constraints.
• High upfront costs for heat pumps and advanced HVAC-R systems limiting faster adoption in some markets.
• Shortage of trained technicians for low-GWP systems and natural refrigerants.
• Complex and evolving regulatory compliance related to refrigerant rules, product standards, and safety codes.
• Supply chain pressures, including component shortages and long lead times for compressors and electronics.
• Grid limitations in certain regions slowing broader electrification of heating.

How can this report add value to an organization?

Product/Innovation Strategy: In the Europe heating, ventilation, air conditioning, and refrigeration (HVAC-R) market, companies are focusing on product innovation and technological advancements to stay ahead in a rapidly evolving industry. Energy efficiency and sustainability are central to these strategies, with key innovations revolving around eco-friendly refrigerants, smart heating, ventilation, air conditioning, and refrigeration systems, and Internet of Things-enabled solutions that offer real-time monitoring and predictive maintenance. Companies are investing in the development of energy-efficient compressors, advanced air filtration systems, and modular cooling and heating units that can be easily integrated into diverse applications, from residential to industrial settings. The use of low-global-warming-potential refrigerants is being promoted to minimize the environmental impact of heating, ventilation, air conditioning, and refrigeration systems. Manufacturers are also focusing on the digitalization of heating, ventilation, air conditioning, and refrigeration systems, which allows for enhanced performance optimization and energy management through artificial intelligence-driven analytics and automation. Strategic partnerships with technology providers are facilitating the creation of flexible, scalable, and interoperable heating, ventilation, air conditioning, and refrigeration solutions that cater to both new construction and retrofit projects, driving the adoption of these innovations in the market.

Growth/Marketing Strategy: The Europe heating, ventilation, air conditioning, and refrigeration market presents significant opportunities for growth through strategic marketing and business expansion. Key strategies for growth include market diversification, regional expansion, and new product launches targeted at sustainability and energy efficiency. Leading players are increasing their global footprint by expanding into emerging markets where urbanization and industrialization are driving demand for heating, ventilation, air conditioning, and refrigeration solutions. Companies are also increasing focus on smart heating, ventilation, air conditioning, and refrigeration products, aligning with the growing consumer demand for intelligent home technologies and green buildings. Mergers and acquisitions are playing a key role in market consolidation, enabling companies to enhance their technological capabilities and diversify their product portfolios. Moreover, strategic collaborations with research institutions, government bodies, and construction companies are helping businesses leverage regulatory incentives and push toward net-zero goals, providing significant leverage in the growing market for energy-efficient solutions. As the market continues to prioritize sustainability and energy performance, companies adopting these strategies are well-positioned to lead the industry in the coming years.

Competitive Strategy: In the Europe heating, ventilation, air conditioning, and refrigeration market, companies are leveraging innovation and strategic alliances to enhance their competitive position. Leading players are focusing on technological differentiation and sustainability initiatives to gain a competitive edge. The adoption of green technologies, such as low-global-warming-potential refrigerants and energy-efficient systems, is becoming a critical factor in market success. Strategic partnerships between heating, ventilation, air conditioning, and refrigeration manufacturers, construction firms, and technology providers are enabling the development of integrated heating, ventilation, air conditioning, and refrigeration systems that meet the evolving needs of smart buildings, from residential to commercial sectors. Companies are also expanding their offerings to include services such as maintenance contracts, installation services, and real-time diagnostics, which not only enhance customer loyalty but also ensure long-term revenue streams. Moreover, the focus on product quality, after-sales services, and customer education is helping companies to differentiate themselves from competitors in an increasingly crowded market. As companies continue to prioritize energy efficiency and environmental compliance, their ability to innovate while maintaining operational excellence will be key to achieving success in the competitive landscape.

Key Market Players and Competition Synopsis

The companies that are profiled in the Europe heating, ventilation, air conditioning, and refrigeration (HVAC-R) market have been selected based on inputs gathered from primary experts, who have analyzed company coverage, product portfolio, and market penetration.

Some of the prominent names in the market are:

• Robert Bosch GmbH
• Condair Group
• Valeo S.A.

Table of Contents

Executive Summary

Scope and Definition

1 Market: Industry Outlook

• 1.1 Trends: Current and Future Impact Assessment
  • 1.1.1 Growing Emphasis on Internet of Things (IoT) Enabling HVAC-R Systems
  • 1.1.2 Integration of Radiant Heating and Cooling Systems
  • 1.1.3 Advances in Indoor Air Quality, Health & Wellness Technologies
  • 1.1.4 Climate Adaptation & Extreme Weather Resilience
• 1.2 Market Dynamics
  • 1.2.1 Market Drivers
    • 1.2.1.1 Surging Construction Activities around the World
    • 1.2.1.2 Climate Change due to Greenhouse Effect
    • 1.2.1.3 Smart Technologies in HVAC-R Products
    • 1.2.1.4 Regulatory Incentives & Subsidies for Green Buildings
  • 1.2.2 Market Challenges
    • 1.2.2.1 Evolving Regulatory Landscape
    • 1.2.2.2 Utilization of Harmful Refrigerants Constraining the Uptake of HVAC-R Products
    • 1.2.2.3 High Upfront Costs and Installation / Maintenance Complexity
  • 1.2.3 Market Opportunities
    • 1.2.3.1 Investment in Sustainable and Energy-Efficient HVAC-R Products
    • 1.2.3.2 Growing Adoption of Renewable Sources of Energy
    • 1.2.3.3 Retrofit and Replacement Demand in Aging Infrastructure
• 1.3 Regulatory and Policy Impact Analysis
  • 1.3.1 Building Energy Codes and Standards
    • 1.3.1.1 Overview
    • 1.3.1.2 Impact on the HVAC-R Market
  • 1.3.2 Phase-down of High-GWP Refrigerants
• 1.4 Patent Analysis
  • 1.4.1 Patent Filing Trend (by Country and Company)
• 1.5 Start-Up Landscape
• 1.6 Investment Landscape and R&D Trends
• 1.7 Supply Chain Analysis
  • 1.7.1 Value Chain Analysis
  • 1.7.2 Pricing Analysis
• 1.8 Product Lifecycle and Replacement Rates
  • 1.8.1 Average Lifespan of HVAC-R Systems
    • 1.8.1.1 Factors Affecting Lifespan of HVAC-R Systems
  • 1.8.2 Average Time to Replacement for HVAC-R Systems
    • 1.8.2.1 Replacement Drivers
    • 1.8.2.2 Economic Analysis
    • 1.8.2.3 Market Implications
    • 1.8.2.4 Future Trends
• 1.9 Distribution Channel Analysis
• 1.1 Industry Attractiveness

2 Region

• 2.1 Regional Summary
• 2.2 Europe
  • 2.2.1 Regional Overview
  • 2.2.2 Driving Factors for Market Growth
  • 2.2.3 Factors Challenging the Market
  • 2.2.4 Analyst view
  • 2.2.5 Market by Application
  • 2.2.6 Market by Product
  • 2.2.7 Europe (by Country)
    • 2.2.7.1 Germany
      • 2.2.7.1.1 Market by Application
      • 2.2.7.1.2 Market by Product
    • 2.2.7.2 France
      • 2.2.7.2.1 Market by Application
      • 2.2.7.2.2 Market by Product
    • 2.2.7.3 U.K.
      • 2.2.7.3.1 Market by Application
      • 2.2.7.3.2 Market by Product
    • 2.2.7.4 Italy
      • 2.2.7.4.1 Market by Application
      • 2.2.7.4.2 Market by Product
    • 2.2.7.5 Denmark
      • 2.2.7.5.1 Market by Application
      • 2.2.7.5.2 Market by Product
    • 2.2.7.6 Rest-of-Europe
      • 2.2.7.6.1 Market by Application
      • 2.2.7.6.2 Market by Product

3 Markets - Competitive Benchmarking & Company Profiles

• 3.1 Next Frontiers
• 3.2 Geographic Assessment
• 3.3 Company Profiles
  • 3.3.1 Robert Bosch GmbH
    • 3.3.1.1 Overview
    • 3.3.1.2 Top Products/Product Portfolio
    • 3.3.1.3 Top Competitors
    • 3.3.1.4 Target Customers
    • 3.3.1.5 Key Personnel
    • 3.3.1.6 Analyst View
    • 3.3.1.7 Market Share, 2024
  • 3.3.2 Condair Group
    • 3.3.2.1 Overview
    • 3.3.2.2 Top Products/Product Portfolio
    • 3.3.2.3 Top Competitors
    • 3.3.2.4 Target Customers
    • 3.3.2.5 Key Personnel
    • 3.3.2.6 Analyst View
    • 3.3.2.7 Market Share, 2024
  • 3.3.3 Valeo S.A.
    • 3.3.3.1 Overview
    • 3.3.3.2 Top Products/Product Portfolio
    • 3.3.3.3 Top Competitors
    • 3.3.3.4 Target Customers
    • 3.3.3.5 Key Personnel
    • 3.3.3.6 Analyst View
    • 3.3.3.7 Market Share, 2024
• 3.4 List of Other Key Companies

4 Research Methodology

• 4.1 Data Sources
  • 4.1.1 Primary Data Sources
  • 4.1.2 Secondary Data Sources
  • 4.1.3 Data Triangulation
• 4.2 Market Estimation and Forecast