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Germany HVAC Market Size, Share, Trends, Report, Analysis: By Equipment: Heating, Ventilation, Cooling; By Implementation Type: New Constructions, Retrofits; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Value Chain Analysis; Trade Data Analysis; Competitive Landscape; 2024-2032
Germany HVAC Market Size
The Germany HVAC market reached USD 4.87 billion in 2023. The market is projected to grow at a CAGR of 5.0% between 2024 and 2032, reaching almost USD 7.55 billion by 2032.
Germany HVAC Market Outlook
- Germany recorded over 1.3 million unit sales of new heating systems in 2023.
- The sale of modern, sustainable heat pumps in Germany reached 356,000 units, recording a y-o-y increase of 51%.
- Natural gas-based heaters accounted for 60% of all new purchases of heating systems in Germany.
The Federal Cabinet approved new amendments to the Building Energy Act in Germany in January 2024. It mandated the use of renewable energy sources (up to 65%) to power newly installed heating systems within households while providing generous transitional periods to owners of fossil-fuel-based heating systems. The law provides high tax exemptions to owners opting for the transition while laying down 2045 as the deadline year. This is expected to accelerate the demand for HVAC systems powered by renewable energy in the coming years.
Heat pumps are expected to constitute a major portion of the market share as they result in significant cost savings (up to 35% and more). An increasing number of Germans are utilising online tutorials and discussion forums to learn about self-installing modern heat pumps within their house.
The federal government is also providing subsidies covering 1/4th of the total cost of installation (worth 25,000-30,000 euros) and enabling people to perform repairs (of up to 60,000 euros) to improve the energy efficiency of devices. Though heat pumps constituted merely 15% of all heating systems’ sales in 2021, technological improvements eliminating excessive production of noise are expected to increase their appeal among consumers, thereby driving the market growth.
Germany HVAC Industry Segmentation
Germany HVAC Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Equipment
- Heating
- Heat Pumps
- Furnaces
- Unitary Heaters
- Ventilation
- Air-Handling Units
- Air Filters and Purifiers
- Ventilation Fans
- Dehumidifiers and Humidifiers
- Others
- Cooling
- Unitary Air Conditioners
- VRF Systems
- Chillers
- Coolers
- Cooling Towers
- Others
Market Breakup by Implementation Type
- New Constructions
- Retrofits
Market Breakup by End Use
- Residential
- Commercial
- Industrial
Market Breakup by Region
- North Rhine-Westphalia
- Bavaria
- Baden-Württemberg
Germany HVAC Market Share
Based on end use, the market is divided into residential, commercial, and industrial. Over the forecast period, the industrial usage of HVAC systems is expected to record a significant increase as HVAC systems are essential for maintaining adequate temperature within data centres and other establishments.
Leading Companies in the Germany HVAC Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Alfa Laval AB
- Panasonic Holdings Corp.
- Vaillant GmbH
- Johnson Controls-Hitachi Air Conditioning Company
- Systemair AB
- Carrier Global Corp.
- Ariston Holding N.V.
- Kingspan Group Plc (Colt International GmbH)
- Others
Major market players are focusing on manufacturing energy-efficient solutions to drive the market growth.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Equipment |
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| Breakup by Implementation Type |
|
| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe HVAC Market Overview
8.1 Key Industry Highlights
8.2 Europe HVAC Historical Market (2018-2023)
8.3 Europe HVAC Market Forecast (2024-2032)
9 Germany HVAC Market Overview
9.1 Key Industry Highlights
9.2 Germany HVAC Historical Market (2018-2023)
9.3 Germany HVAC Market Forecast (2024-2032)
10 Germany HVAC Market by Equipment
10.1 Heating
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Heat Pumps
10.1.3.2 Furnaces
10.1.3.3 Unitary Heaters
10.2 Ventilation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Market by Type
10.2.3.1 Air-Handling Units
10.2.3.2 Air Filters and Purifiers
10.2.3.3 Ventilation Fans
10.2.3.4 Dehumidifiers and Humidifiers
10.2.3.5 Others
10.3 Cooling
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Unitary Air Conditioners
10.3.3.2 VRF Systems
10.3.3.3 Chillers
10.3.3.4 Coolers
10.3.3.5 Cooling Towers
10.3.3.6 Others
11 Germany HVAC Market by Implementation Type
11.1 New Constructions
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Retrofits
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Germany HVAC Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Industrial
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Germany HVAC Market by Region
13.1 North Rhine-Westphalia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Bavaria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Baden-Württemberg
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 8415, 841861)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Robert Bosch GmbH
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Mitsubishi Electric Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Alfa Laval AB
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Panasonic Holdings Corp.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Vaillant GmbH
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Johnson Controls - Hitachi Air Conditioning Company
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Systemair AB
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Carrier Global Corp.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Ariston Holding N.V.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Kingspan Group Plc (Colt International GmbH)
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe HVAC Market: Key Industry Highlights, 2018 and 2032
2. Germany HVAC Market: Key Industry Highlights, 2018 and 2032
3. Germany HVAC Historical Market: Breakup by Equipment (USD Billion), 2018-2023
4. Germany HVAC Market Forecast: Breakup by Equipment (USD Billion), 2024-2032
5. Germany HVAC Historical Market: Breakup by Implementation Type (USD Billion), 2018-2023
6. Germany HVAC Market Forecast: Breakup by Implementation Type (USD Billion), 2024-2032
7. Germany HVAC Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Germany HVAC Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Germany HVAC Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Germany HVAC Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. Germany HVAC Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 4.87 billion in 2023.
The market is projected to grow at a CAGR of 5.0% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 7.55 billion in 2032.
The different end uses of HVAC in the market include residential, commercial, and industrial.
The different types of implementations of HVAC include new constructions and retrofits.
The different equipment types considered in the market report are heating, ventilation, and cooling.
The major regions in the market include North Rhine-Westphalia, Bavaria, and Baden-Württemberg.
The key market players are Robert Bosch GmbH, Mitsubishi Electric Corporation, Alfa Laval AB, Panasonic Holdings Corp., Vaillant GmbH, Johnson Controls - Hitachi Air Conditioning Company, Systemair AB, Carrier Global Corp., Ariston Holding N.V., and Kingspan Group Plc (Colt International GmbH), among others.
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