Germany Hvac Systems Market Size & Outlook, 2024-2033
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Germany hvac systems market highlights
- The Germany hvac systems market generated a revenue of USD 812.3 million in 2024 and is expected to reach USD 1,319.5 million by 2033.
- The Germany market is expected to grow at a CAGR of 5.6% from 2025 to 2033.
- In terms of segment, ventilation was the largest revenue generating product in 2024.
- Heating is the most lucrative product segment registering the fastest growth during the forecast period.
Hvac systems market data book summary
| Market revenue in 2024 | USD 812.3 million |
| Market revenue in 2033 | USD 1,319.5 million |
| Growth rate | 5.6% (CAGR from 2025 to 2033) |
| Largest segment | Ventilation |
| Fastest growing segment | Heating |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heating, Ventilation, Cooling |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, Germany accounted for 6.7% of the global hvac systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Europe, Germany hvac systems market is projected to lead the regional market in terms of revenue in 2033.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 379.3 million by 2033.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Lennox International Inc | View profile | 12600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | https://www.lennox.com |
| Haier | View profile | 10001+ | Qingdao Shi, Shandong, China, Asia | http://haier.com/in |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
| Fujitsu Ltd | View profile | 124055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | http://www.fujitsu.com |
Germany hvac systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.
Ventilation was the largest segment with a revenue share of 45.24% in 2024. Horizon Databook has segmented the Germany hvac systems market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2021 to 2033.
Germany has the largest construction market in Europe. This can be attributed to several variables, including favorable government initiatives, incentives, economic confidence, resource efficiency, and a circular economy. In addition, demographic change, such as an aging population, is anticipated to accelerate the building of hospitals across the country, thereby driving the demand for HVAC systems in the coming years.
The table above depicts the percentage variations of investment in the German construction industry for 2021. As of 2022, residential construction activities in Germany are expected to develop significantly as the per capita income rises and the number of immigrants from other countries increases.
The country’s population is anticipated to grow over the forecast period as more immigrants arrive in search of employment and education opportunities, fueling a rise in the need for new homes. Owing to the substantial product demand from the country’s residential sector, the HVAC systems market in Germany is predicted to witness significant expansion over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Germany hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Germany hvac systems market size, by product, 2021-2033 (US$M)
Germany HVAC Systems Market Outlook Share, 2024 & 2033 (US$M)
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