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Summary of our market study
In France, the manufacture of industrial air-conditioning and refrigeration equipment exceeds 6 billion euros. The market for heating and air-conditioning equipment is worth around 24 billion euros
The global market for air conditioners is estimated at 200 billion dollars.China dominates this market, with 40% of global demand
Analysis of the French air-conditioning market
The French air-conditioning market is experiencing strong growth, particularly in the residential segment, with wall-mounted systems, ducted technologies and console systems.
The tertiary sector is also expanding, with technologies such as DRV and chillers.
A notable market development is the introduction of connected and intelligent air-conditioning products, enabling remote control via smartphones.
The heat pump segment is growing fast, and France is a leading European market, with over a million heat pumps installed each year.
Installation work for heating and air-conditioning equipment is expanding steadily, with the number of establishments and the number of employees increasing by around 13% and 10% per year respectively. A quarter of the workforce is concentrated in the Paris region.
Financial incentives, such as the CITE tax reduction for air-to-water heat pumps and reduced VAT rates for ageing homes, are contributing to market momentum.
Key players in the French air-conditioning market
Manufacturers of air-conditioning and heat pump solutions:
- Vaillant Group: with a heritage spanning more than 140 years, Vaillant Group has established itself as a venerable market leader
- Daikin: a global force in air conditioning
- Viessman: Specialized in residential and commercial HVAC systems. Its portfolio includes solar energy systems, biomass boilers and heat pumps.
- Groupe Atlantic: French in origin, Groupe Atlantic has established itself worldwide.
- Ariston Thermo: Italian-born global player
- BDR Thermea: Global player
- Systemair: This company has made a name for itself with ventilation products that focus on indoor air quality and energy efficiency. Its solutions are well suited to commercial buildings, industries and residential applications.
- Lennox International: Committed to creating comfortable, energy-efficient environments, Lennox International manufactures heating and cooling equipment that combines durability and sleek design to meet the needs of a wide range of climates and building types.
Distributors of air-conditioning systems :
- Saint Gobain: A giant in the building materials sector, Saint Gobain is extending its distribution network throughout Europe
- Hervé Group
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Summary and extracts
1 Market overview
1.1 Presentation and definition of the air conditioner market in France
An air conditioner is a device for cooling ambient air. Air conditioners and heat pumps are closely related, since they share the same operating principles. Heat pumps can be aerothermal, geothermal or hydrothermal. And air conditioners can be designed as a specific segment of heat pumps. In fact, air conditioners are often reversible, making them ideal for cooling as well as heating.
The global market is estimated to be worth $200 billion by 2024. China dominates this market, with 41% of global production in 2023. The French air-conditioning market is growing. The residential segment is particularly dynamic, driven by wall-mounted, ductable and console technologies. The commercial segment is also growing, thanks in particular to DRV and chiller technologies.
The air conditioner market is renewing itself, benefiting from the latest technological developments applicable to many capital goods. More and more connected and intelligent products are being developed, enabling, for example, remote control of the air-cooling system via a smartphone.
It's also a highly regulated market, subject to European regulations on eco-design and energy efficiency. Appliances must be clearly labelled to indicate their energy performance.
The main players on the market are manufacturers of air-conditioning solutions and heat pumps such as Vaillant Group and Daikin, air-conditioning distributors such as Saint-Gobain and Rexel, and air-conditioning installers such as Groupe Hervé and IDEX.
1.2 A dynamic global market
The global air-conditioning market is showing steady and significant growth, rising from ***.** billion USD in **** to ***.** billion USD in ****, at a CAGR of *.**%. This increase reflects growing demand, probably due to urbanization, climate change and rising living standards.
Global air conditioning market World, ****-****, billion USD Source: ****
Air conditioning systems are ...
1.3 French markets for air conditioning and heat pump manufacturing and installation are growing
Growth in the air-conditioning equipment manufacturing market
The air-conditioning market is recorded in the INSEE nomenclature under NAF code "**.**Z Marché de la fabrication d'équipements aérauliques et frigorifiques industriels", which covers the manufacture of the following items:
industrial refrigeration equipment air-conditioning machines and appliances fans for non-domestic use heat ...
1.4 A resolutely negative trade balance
The customs code used here is ****:"Air-conditioning machines and appliances incorporating a motor-driven fan and devices for modifying temperature and humidity, including those in which the degree of humidity is not separately adjustable, and parts thereof".
The French trade balance for air conditioners shows a growing deficit from **** to ****, with imports ...
2 Demand analysis
2.1 The building market drives demand for air conditioners
The volatility in the number of residential and multi-family housing units built, and the overall long-term downward trend, have a direct and negative impact on the air-conditioning market. The structural decline in the number of units built is reducing demand for air-conditioning systems, putting pressure on suppliers. Companies in the air-conditioning ...
2.2 A mixed picture despite rising demand
Despite the rise in demand, air conditioners have an increasingly negative image due to the climate emergency, which is calling for a reduction in the use of air conditioners. Indeed, **% of French people say they'd rather suffer in the heat than install an air conditioner that consumes too much energy.
however, ...
2.3 A market buoyed by heat waves in France, but subject to the cyclical nature of climatic hazards
According to Le Parisien, the sale of air conditioners in France is correlated with the explosion of heat waves in France during the summer months: "since the major heatwave of ****, there has been an explosion in demand from private individuals", explained the manager of Clim Denfert. This echoes the catastrophic human ...
2.4 Price and environmental constraints hold back growth in the air-conditioning market
According to PositivR, France has one of the lowest air conditioning equipment rates in the world, with just *% of households equipped in ****. There are several reasons for this trend:
Economic and ecological considerations: Many French people avoid air conditioning to save energy and because of environmental concerns. Air conditioning is expensive ...
3 Market structure
3.1 Value chain and production
French production of air-conditioning machines and appliances:
The category of wall or window-mounted air-conditioning machines and appliances, comprising monobloc or split-system units , has not been taken into account due to the weakness of French production in this segment.
3.2 A booming market
The market for heating and air-conditioning equipment continues to expand year after year. Indeed, the number of establishments and the number of employees increased by **% and **% respectively compared to ****. This shows the appeal of this market, with many new companies being set up every year to meet growing demand. It is ...
3.3 Segmentation of the air conditioning and heat pump markets
Growth in the commercial customer segment, thanks to DRV and chiller systems
In ****, the commercial customer market was driven by the DRV segment, with over **,*** units installed and growth of *.*% over the year, according to Uniclima.
Growth in the commercial air-conditioning market France, ****-****, in number of units sold Source: ****
According ...
3.4 Digitalization and direct and indirect market sales channels
Digitalization
Leading manufacturers in the market include Groupe Atlantic, Ariston Thermo, BDR Thermea, Bosch, UTC, Vaillant Group, Viessmann, Systemair and Lennox International.what's more, the production process is becoming increasingly digitalized, with growing use of digital tools to design heat pumps via preliminary modeling, manage production equipment remotely and facilitate ...
3.5 The development of cooling networks
Cooling networks are a fast-growing alternative to traditional air conditioning. For the time being, they mainly serve tertiary sector buildings (***) and, to a marginal extent, residential buildings. They offer a number of advantages that should increase their use in the future:
Energy benefits: shared cooling in dense urban environments Environmental and ...
4 Offer analysis
4.1 Three distinct heat pump price ranges
As mentioned above, there are a number of different different heat pump models :
The traditional air-to-air aerothermal heat pump (***) and transfer it to another space. This type of heat pump is easy to install and integrates perfectly with traditional heating systems. Prices for this product range from €*,*** to €**,***, including installation. According ...
4.2 Slightly decreasing prices, but with variations between ranges
According to Le Parisien, a basic air conditioner costs €*** in ****. This model plugs into the mains and needs to be located near a window to discharge hot air to the outside via a hose.
According to the same source, a silent mobile air conditioner costs between €*** and €*,***. These models are equipped ...
5 Regulations
5.1 A highly regulated market
A market subject to European directives
In ****, new European eco-design and energy labeling directives were implemented (***).
The European eco-design directive covers all energy-using products, to encourage consumers to buy more energy-efficient appliances. It sets out a list of criteria to be met when purchasing a product to ensure that it is ...
6 Positioning the players
6.1 Market segmentation
- Ariston Thermo
- BDR Thermea (De Dietrich, Remea, Baxi)
- Daikin (France)
- Systemair
- Lennox International
- Saint-Gobain Quartz
- Rexel
- Comafranc
- Richardson
- Hervé Thermique groupe
- Atlantic Groupe
- Vaillant Group (Saunier Duval)
- Carrier Global
- Airwell (Systemair Groupe)
- Systemair Groupe
- Viessmann (France)
- Airvance
- Mitsubishi Electric France
- Carrier Refrigeration France
- LG Electronics France
- Frisquet
- Idex
- Soler & Palau
List of charts presented in this market study
- Main countries importing air conditioners
- Global air-conditioning market
- Main air conditioner exporting countries
- Air conditioning units by country
- Forecast share of heat pumps in direct residential renewable energy consumption
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Latest news
Atlantic to invest 75 million euros in five new R&D centers - 03/10/2024
Heat pump specialist Atlantic to open its fourteenth factory - 22/07/2024
- Number of Atlantic Group plants in France: 13.
- Expansion project: a fourteenth site dedicated to the manufacture of heat pumps.
- Location of new site: Grand-Chalon area.
Rexel aims to grow tenfold with the push for electrification - 09/06/2024
- - Rexel's revenues reached 19 billion euros in 2023.
- - Today, services account for "a few hundred million euros".
- - Rexel aims to double the proportion of its customers using its most advanced services by the end of its plan.
- - Electrification-related offerings, including sales of heat pumps and solar panels, account for 32% of sales
Rexel, the winning recipe for an electrical distributor - 09/06/2024
- second worldwide, behind another French group, the Sonepar group.
- While sales have long ranged between 13 and 14 billion euros, they will approach 20 billion euros in 2023.
Gilles Donnat, new General Manager of engineering specialist Carrier France - 03/05/2024
- **Number of employees at three European plants**: 1,200
- - **Plant locations**: Montluel (Ain), Culoz-Béon (Ain), and Montilla, Spain
- - **Carrier's main products in France**: water chillers, heat pumps (more than half of activity), air-cooling terminals, air handling units and roof-top units
- - **Number of heat pumps produced per year in France**: 100,000 PACs
Airwell calls on Lacroix's Symbiose plant - 26/02/2024
- The Airwell Group specializes in heat pumps, climate control and thermal engineering.
- - Airwell is banking on an ecosystem strategy integrating heat pumps, photovoltaics, connectivity and a system of algorithms and data.
- - Airwell's sales in 2023 were €65 million, up 16.7% on the previous year.
- - Airwell has 120 employees.
- - Airwell is working with Lacroix to develop the solution for connecting its equipment to its AirHome application. - The solution is being developed at Lacroix's Symbiose plant.
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