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The Italy Air conditioner market reached USD 2.42 billion in 2023. The market is expected to grow at a CAGR of 4.7% between 2024 and 2032, reaching almost USD 3.65 billion by 2032.
The domestic sector is expected to experience growth due to increasing heatwaves, prompting both individuals and businesses to adopt air conditioning to counter rising temperatures. According to the Italian Hospitality Investment Conference (ITHIC) in 2023, an analysis of the top 15 Italian regions revealed a rise in tourist numbers compared to 2022. Southern regions notably saw record-breaking figures in 2023, with Veneto and Tuscany ranking among the top three regions with the highest visitor volumes.
Italy air conditioner market trends suggest a strong movement among companies towards innovations, research and development of novel technologies and acquisitions and mergers to help with scaling coupled with a rising pattern among brands opening production and development bases throughout the region.
The Italy air conditioner market growth is driven by the introduction of new-generation air conditioners, increased commercial applications due to rising temperatures throughout the region, expanding private usage, and growing interest among Heating, Ventilation and Air Conditioning (HVAC) brands in the domestic region.
March 2024
LG unveiled its brand new DualCool air conditioner at MCE 2024, one of Europe's biggest heating, ventilation, and air conditioning (HVAC) exhibitions. The move underscores the importance of technological innovation in the industry.
February 2024
Panasonic acquired a 40% stake in Innova, an Italian air conditioning and heat pump manufacturer as part of the business alliance agreement. The move comes ahead of expansionary plans of Panasonic.
November 2023
Aira which is a Swedish heat pump company officially launched in Italy. Aira is a direct-to-consumer company which offers heat pumps on a monthly subscription.
October 2022
With an 80 percent stake in Clivet, an Italian air conditioning company, Midea Group, a Chinese brand constructed a new base for production in Veneto with an investment of EUR 60 million.
Heatwaves in domestic regions may increase demand
Rising temperatures across Europe are likely to push consumers to invest in air conditioning as they find it difficult to deal with worsening heat waves.
Mergers and Acquisitions help the market grow
Expansion of Foreign firms into domestic markets and construction of research centres and manufacturing units proves to be an important move in the right direction.
Technological ingenuity promotes economic expansion
Breakthroughs in technology help in bridging the gap between sustainability concerns and effectiveness in fighting extreme climate conditions.
Commercial usage may help the domestic market
A rise in scorching heatwaves is likely to prompt people to stay indoors, seeking refuge in air-conditioned malls and public spaces.
As per the Italy air conditioner market report, rising temperatures and heat waves drive consumer demand for cooling solutions, spurred by heightened climate awareness.
Foreign firms' influx capitalises on Italy's need for advanced cooling tech, while mergers bolster domestic players and foster innovation and localised production.
Technological advances in sustainability and efficiency empower consumers and businesses to combat climate challenges, with commercial usage escalating amid heat wavesemphasizing air conditioning's vital role.
Italy Air Conditioner Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Size
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
The Italy air conditioner market growth is fuelled by commercial usage and residential usage. Italy is likely to see an uptick in air conditioning usage to combat rising temperatures.
Commercial air conditioning in Italy caters to businesses, hotels, and public spaces, driven by the need for climate control to ensure comfort for employees, guests, and customers.
Residential air conditioning addresses the cooling needs of homes and apartments, relieving residents from extreme temperatures and enhancing indoor comfort.
The Italy air conditioner market is boosted by online consumption methods, including platforms like eBay and Amazon, shaping distribution patterns within the industry.
Online distribution channels like eBay and Amazon offer consumers convenience and accessibility, allowing them to browse and purchase air conditioners from anywhere.
Hypermarkets and supermarkets in Italy provide convenient access, catering to consumers' immediate cooling needs with a wide range of products under one roof.
The Italy air conditioner market growth in the domestic market is led by central air conditioners for commercial usage and mini split and window air conditioners for residential usage.
Central air conditioners are built to cool entire buildings uniformly, maintaining a consistent temperature across multiple rooms or floors. They are commonly used in large commercial buildings.
Window air conditioners are designed to cool individual rooms or smaller spaces by mounting directly onto windows. They are a popular choice among residential users seeking quick and efficient cooling solutions.
Key players in the Italy air conditioner market are prompting growth by capturing greater market share through innovations and economies of scale through mergers.
Johnson Controls International Plc is an American Irish multinational conglomerate which is headquartered in Cork, Ireland. It was founded in the year 1885 and specialises in manufacturing HVAC equipment for buildings.
Daikin Industries, Ltd. Which was founded in the year 1924 is a Japanese multinational conglomerate headquartered in Osaka. It is one of the world's leading air conditioner manufacturers.
Samsung Electronics Co. Ltd. Was established in 1918 in Osaka, Japan and is a multinational company that specialises in the manufacturing of electronic appliances and consumer electronic products.
LG Corporation is a South Korean multinational conglomerate based in Busan which specialises in the manufacturing of consumer electronics and home appliances. It was founded in the year 1947.
Other Italy air conditioner market key players are AB Electrolux, Hughes Group, Haier Group Corp., Panasonic Holdings Corporation, Carrier Global Corporation, and Mitsubishi Electric Corp among others.
The Italian market as per region is divided into states of which 6 states comprise roughly 56% of the population. Lombardy is the most populous region in Italy, with around 10 million inhabitants, which is close to 17% of Italy’s population.
The Italy air conditioner market growth is anticipated to emanate predominantly from the southern regions of the country. As per the World Bank, southern states are more likely to experience higher temperatures, as was also seen in July of 2023 as the country was grasped by worsening heat waves and people sought refuge in public places like malls and supermarkets with air conditioning.
Other populous regions in the county are Lazio and Veneto with a population of roughly 5.7 million and 4.8 million inhabitants respectively.
Veneto is in north-eastern Italy and Lazio lies on the central peninsula, their combined population comprises roughly 18% of the Italian population and could become a lucrative market for the Italy air conditioner market growth.
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 Type |
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Breakup by Size |
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Breakup by End Use |
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Breakup by Distribution Channel |
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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 Global Air Conditioners Market Overview
8.1 Key Industry Highlights
8.2 Europe Air Conditioners Historical Market (2018-2023)
8.3 Europe Air Conditioners Market Forecast (2024-2032)
8.4 Europe Air Conditioners Market Share by Region
8.4.1 United Kingdom
8.4.2 Germany
8.4.3 France
8.4.4 Italy
8.4.5 Others
9 Italy Air Conditioners Market Overview
9.1 Key Industry Highlights
9.2 Italy Air Conditioners Historical Market (2018-2023)
9.3 Italy Air Conditioners Market Forecast (2024-2032)
10 Italy Air Conditioners Market by Type
10.1 Window AC
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Central AC
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mini Split AC
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Italy Air Conditioners Market by Size
11.1 <12K BTU
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 12K-36K BTU
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 36K-60K BTU
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 60K+ BTU
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Italy Air Conditioners Market by End Use
12.1 Commercial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Residential
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Italy Air Conditioners Market by Distribution Channel
13.1 Hypermarkets/Supermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Specialty Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Online Channels
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Italy Air Conditioners Market by Region
14.1 Lombardy
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Lazio
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Veneto
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Emilia-Romagna
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Piedmont
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Tuscany
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code – 841583)
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 Carrier Global Corporation
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 Hughes Group
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 LG Corporation
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 AB Electolux
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 Daikin Industries, Ltd.
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 Haier Group Corp.
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 Samsung Electronics Co. Ltd.
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 Panasonic Holdings Corporation
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 Johnson Controls International Plc
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 Mitsubishi Electric Corp.
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 Air Conditioners Market: Key Industry Highlights, 2018 and 2032
2. Italy Air Conditioners Market: Key Industry Highlights, 2018 and 2032
3. Italy Air Conditioners Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Italy Air Conditioners Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Italy Air Conditioners Historical Market: Breakup by Size (USD Billion), 2018-2023
6. Italy Air Conditioners Market Forecast: Breakup by Size (USD Billion), 2024-2032
7. Italy Air Conditioners Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Italy Air Conditioners Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Italy Air Conditioners Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Italy Air Conditioners Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Italy Air Conditioners Historical Market: Breakup by Region (USD Billion), 2018-2023
12. Italy Air Conditioners Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. Italy Air Conditioners Market Structure
The market was valued at USD 2.42 billion in 2023.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The market is expected to reach USD 3.65 billion in 2032.
The introduction of novel technology, the relevance of the domestic region as a famous tourist attraction and rising average temperatures throughout the country may push individuals and businesses to invest in air conditioners which may drive market growth.
Based on end use, the market is divided into applications for commercial purposes and applications for residential purposes.
The market key players are Carrier Global Corporation, Hughes Group, LG Corporation, AB Electrolux, Daikin Industries, Ltd., Haier Group Corp., Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Johnson Controls International Plc and Mitsubishi Electric Corp. among others.
Based on type, the market is divided into window AC, central AC, mini split AC and others.
The market is broken down into Lombardy, Lazio, Veneto, Emilia-Romagna, Piedmont, Tuscany, and others.
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