The hvac market - Italy (2025)

1.2 Global HVAC Market

The value of the global HVAC market shows steady growth from **** to ****. Starting from $***.** billion in ****, it reaches $***.** billion in ****. This represents a **.** percent increase over six years, with a compound annual growth rate (***) technology with HVAC products, making them innovative and affordable. The emphasis on interconnecting different sensors within building ecosystems, including HVAC, has increased to achieve energy efficiency. In ****, the major economies in APAC, including China, Japan, and India, experienced an increase in commercial construction activities due to the expansion of companies in various sectors opening offices in different regions to capture the potential customer base. In the APAC region, growing demand for energy-efficient HVAC systems and strict regulations on the use of explosion-proof HVAC equipment are driving adoption in various sectors. This will provide tremendous growth opportunities in the HVAC market. In addition, countries in the Middle East are witnessing drastic climate changes. Rising temperatures and heat waves have increased the demand for HVAC systems in commercial and residential buildings to control indoor climatic conditions, further fueling the growth of the HVAC market. Filtration can also improve indoor air quality and provide comfort to residents. These factors drive sales growth in the Middle East and Africa region during ...

1.3 The European market

The European HVAC market shows steady growth from **** to ****. Starting at $**.** billion in ****, it reaches $**.** billion in ****, marking an increase of **.** percent in six years, at a CAGR of *.** percent. The market is undergoing tremendous changes due to the increasing integration of IoT technology with HVAC products, making HVAC systems smarter, innovative, efficient, adaptable, and accessible to users' needs. Emphasis on interconnecting different sensors within building ecosystems, including HVAC, has developed to achieve energy efficiency.

European HVAC market value Europe, ****-****, in US$ billion Aritzon

HVAC systems provide comfortable air conditions and thermal balance in residential or commercial environments. These systems generally ensure good air quality and control heat and humidity. Commonly they include various mechanical and electrical equipment that provide thermal comfort to the occupants of the room or building. They are used in various sectors, such as industrial, commercial (***), residential, and institutional. In addition, technological innovations along with the sustainable development index have driven significant changes in the HVAC industry, which have enabled substantial growth in the European HVAC market in recent years. European countries have also witnessed significant climate change in recent years. Rising temperatures and heat waves have increased the demand for HVAC systems in residential and ...

1.4 The Italian market

The HVAC market in Italy shows steady growth from **** to ****. Starting at $*.* billion in ****, it is expected to reach $*.** billion in ****, marking a **.**% increase in seven years and a compound annual growth rate of *.**%.

Italian HVAC market value Italy, ****-****, in US$ billion NextMsc

The growth of the HVAC market in Italy can be attributed to several factors. First, increasing demand for energy-efficient solutions is a key factor. Italy, like many other European countries, is taking measures to reduce carbon emissions and improve energy efficiency by supporting the adoption of modern, more efficient HVAC systems. Second, infrastructure modernization plays an important role. As new buildings, both residential and commercial, are renovated and constructed, the need to install advanced HVAC systems increases. Increasingly stringent regulations on building energy performance are driving the installation of more efficient and innovative technologies. In addition, climate changes, with hotter summers and colder winters, increase the demand for HVAC systems to maintain comfortable indoor climatic conditions. Finally, technological innovation and the integration of the Internet of Things (***) make HVAC systems smarter and more adaptable, incentivizing businesses and consumers to invest in these solutions to improve environmental control and reduce operating costs.

From **** to ****, production sold of HVAC ...

1.5 Imports and Exports

From **** to ****, HVAC exports from Italy, under HS code **** (***), and rose again to *.** in ****. These data indicate that despite fluctuations, Italy has maintained a positive trade balance in HVAC, except for the period ****-****, when imports exceeded exports.

Exports, Imports, and HVAC Coverage Rate Italy, ****-****, in US$ billion UNComtrade

In ****, Germany was the main destination of HVAC exports from Italy, taking **.** percent of the total. This was followed by France with **.** percent and Spain with *.** percent. The United Kingdom, Poland, the Netherlands and Austria account for *.**%, *.**%, *.**% and *.**% of exports, respectively. The "Other" countries category makes up **.**% of exports, indicating significant distribution to smaller or diversified markets as well. These data show a strong dependence on major European trading partners, with Germany in the lead, but also a good diversification of Italian HVAC exports on a global scale. Main countries of destination for HVAC exports Italy, ****, in % UNComtrade

In ****, China was the main country of origin of HVAC imports to Italy, with a share of **.**%. This was followed by Thailand with **.**% and the Czech Republic with *.**%. Turkey, Germany, Belgium and France account for *.**%, *.**%, *.**% and *.**% of imports, respectively. The "Others" category covers the remaining **.** percent, indicating a diversification of import sources. These ...

1.6 Inflation suffered by the sector

The HVAC industry in Italy has faced many challenges due to inflation, which has increased the cost of materials and components, such as copper and aluminum, used in the production of air conditioning and heating systems. This increase has led to higher final prices for consumers, affecting demand. Energy costs, which are essential to the operation of HVAC systems, have also increased, prompting companies to improve the energy efficiency of their products, but at the price of greater investment. To mitigate the impact of inflation, many companies have invested in innovative technologies and more energy-efficient solutions, such as high-efficiency heat pumps and smart technologies. These investments, although costly, have been necessary to maintain competitiveness in the market. The Italian government has introduced incentives to promote energy efficiency and sustainability, stimulating demand for modern, more efficient HVAC systems. Inflation has also complicated the global supply chain, causing delays and increasing transportation and production costs. Companies have had to adapt their sourcing strategies, seeking alternative suppliers or localizing production more. Consumers, who have become more cost-conscious, have postponed the purchase of new systems, opting to maintain and upgrade existing systems. In response to these changes, HVAC companies have offered more flexible solutions and ...

2.1 Overview of demand

Spending on HVAC systems in Italy decreased by *.* percent between **** and ****, from €*.** billion to an estimated €*.** billion. During this period, the sector peaked in ****, reaching *.** billion euros, before embarking on a downturn. This trend reflects market dynamics influenced by fluctuations in demand, government incentives for energy efficiency, and raw material costs, which directly impacted investment in the sector.

HVAC spending item [***] Italy, ****-****, in current &euro Istat

Data on the Single National Price (***) of energy in Italy between **** and **** show considerable volatility. In the second quarter of ****, the price was €*.**/kWh, rising gradually until it peaked at €*.**/kWh in the third quarter of ****, marking an increase of ***.* percent. Thereafter, prices declined to *.*** €/kWh in the first quarter of **** and stabilized around *.*** €/kWh in the second quarter of ****. Overall, there was an increase of **.**% from the second quarter of **** to the second quarter of ****.

Single national price (***) Italy, ****-****, in (***) NewsAuto

HVAC quantity production declines by *.* percent over the ****-**** period*, from *.** million units to an estimated *.** million, despite a high of *.** million reached in ****.

Realized quantity production of HVAC Italy, ****-****, in millions of pieces Istat

Quantity sales also declined by *.* percent, falling from *.** million pieces in **** to *.** million in *****, after ...

2.2 Geographical distribution of demand

In ****, the average household expenditure on heating and air conditioning appliances showed significant differences among Italian macro-areas. The North recorded the highest value, with an average expenditure of *.** euros, followed by the Center, where it stood at *.** euros, and finally the South, with *.** euros. These differences reflect different climate needs, levels of disposable income and the spread of air conditioning systems in different areas of the country.

table { width: ** percent; border-collapse: collapse; margin: **px auto; font-family: Arial, sans-serif; } th, td { border: *px solid #dddddd; text-align: left; padding: *px; } th { background-color: #f*f*f*; }

2.3 Trends in online searches

Online trends in the HVAC (***) market offer valuable insights into consumer demand, helping companies and professionals predict seasonal peaks and optimize sales and marketing strategies.

Interest in air conditioning follows a well-defined seasonal cycle, with marked growth from May to July, when the index reaches its highest values, and then declines sharply in the winter months. This trend reflects the increase in demand during periods of intense heat.

Trend of online searches for air conditioning, heating and ventilation system Italy, ****-****, index Google Trends, Businesscoot elaboration

Speculative is the trend in searches for heating systems, which peaks between October and December and declines sharply with the arrival of spring. The resurgence of interest starting in September confirms the need for these systems in the colder months.

Trend of online searches for queries related to "heating system" Italy, ****-****, index Google Trends, Businesscoot elaboration

The case of ventilation is different, which shows smaller fluctuations and a more evenly distributed demand throughout the year. Slight fluctuations indicate a steady interest, less affected by extreme seasonal variations.

Trend of online searches for queries related to "ventilation" Italy, ****-****, index Google Trends, Businesscoot processing

Data on the geographic distribution of online searches for air conditioning ...

2.4 New demand trends

New trends in Heating, Ventilation, and Air Conditioning (***) offerings are evolving rapidly to meet the growing needs for energy efficiency, sustainability, and advanced technology represent a significant advancement in the HVAC industry, driven by the need for sustainability, efficiency, and improved comfort for end users. With the increasing adoption of innovative technologies, the future of HVAC appears to be increasingly oriented toward green and smart solutions.

Energy Efficiency and Sustainability:

Energy-efficient HVAC systems: Systems are designed to reduce energy consumption and CO* emissions. Technologies such as inverter compressors and heat recovery systems are increasingly common. Renewable Energy Source: ****

Home Automation and Artificial Intelligence:

Smart Systems: Connectivity and IoT allow HVAC systems to be controlled and monitored through smartphones and other digital interfaces. These smart systems optimize operation based on real-time usage data. Automation and AI: Artificial intelligence is used to predict heating and cooling needs, automatically adjusting settings to improve energy efficiency and occupant comfort (***).

Indoor Air Quality:

Air Purification Technologies: Modern HVAC systems are equipped with advanced filters, ionizers, and UV technologies to improve indoor air quality, something that has become crucial especially since the COVID-** pandemic. Air Quality Monitoring: Built-in sensors continuously monitor air quality, automatically adjusting the system ...

3.1 Italian market structure

In the ItalianHVAC (***) market, there is no single ATECO code that groups all enterprises in the sector. For theanalysis of manufacturing, codes [***]. The trend in the number of enterprises active in the manufacture of equipment for refrigeration, ventilation and stationary household air conditioners between **** and **** showed a variable dynamic. In ****, the sector had *** enterprises, registering a significant increase in ****, with a peak of *,*** active enterprises. Thereafter, the number of businesses declined slightly, reaching its lowest point in **** with *,***, then rising slightly to *,*** businesses in ****. Over the ****-**** period, the sector experienced an overall growth of *.* percent, despite intermediate fluctuations. By ****,further expansion is estimated, with the number of active enterprises expected to reach *,***, signaling a still dynamic and consolidating sector. This growth is likely supported byincreased demand for energy-efficient HVAC solutions and incentives for green transition andbuilding thermal efficiency.

Number of enterprises active in the manufacture of non-domestic refrigeration and ventilation equipment, manufacture of stationary household air conditioners [***] Italy, ****-****, in number Istat

Data on the legal form of enterprises active in the manufacture of non-domestic use equipment for refrigeration and ventilation, and the manufacture of fixed domestic air conditioners in Italy in **** show a clear predominance of limited liability companies ...

3.2 Operation of an HVAC system

The large enclosures that house air conditioners on the rooftops of residential and commercial buildings are examples of HVAC (***) systems. These systems, whose visible component is predominant in large industrial buildings, high-rise buildings, condominiums, and large indoor spaces, play a crucial role in regulating temperature and humidity, especially in environments that must comply with strict hygiene regulations for the quality of outdoor air taken in.

The most common heating and cooling systems in homes are also part of the HVAC category. Although they may vary in appearance and configuration, the basic principles governing their operation and efficiency are as applicable to smaller personal devices as to larger commercial installations.

The building automation device, which may consist of a building management system or a wall-mounted thermostat, regulates room temperature by activating heating or cooling coils.Filtered outside air passes through these coils, being heated or cooled before being fed into the indoor spaces. At the same time,air already in the living spaces is routed to the control system, ensuring efficient and controlled air exchange.

In smaller air conditioning systems, the operation can be reversed: these devices take heat from inside the room and expel it outside, thus reducing the temperature of ...

3.3 Distribution channels

The distribution channels for HVAC (***) systems in Italy include a variety of players and strategies; these channels often work in synergy to ensure that HVAC products are available to end customers with the quality and support needed for efficient installation and operation.

table { width: ***%; border-collapse: collapse; } th, td { border: *px solid #ddd; padding: *px; text-align: left; } th { background-color: #f*f*f*; }

3.4 The main players in the market

The major HVAC manufacturing companies are:

Daikin: Founded in **** in Osaka, Japan, is a global leader in the HVAC industry, with a presence in more than *** countries. The company develops, manufactures, and markets heating, ventilation, air conditioning, and refrigeration systems, including refrigerants. It is known for its commitment to innovation and sustainability, as evidenced by its "Environmental Vision ****," which aims to achieve carbon neutrality by ****. The company's "Fusion **" strategy focuses on continued growth and expansion in emerging markets(***). The company has also set goals to achieve zero CO₂ emissions in its HVAC-R locations and plants by **** and is actively promoting the adoption of heat pumps, particularly in the European market.

Carrier: Established in **** by Willis Carrier, it is one of the leading companies in the HVAC industry. Based in Palm Beach Gardens, Florida, it is a global leader in smart climate and energy solutions. The company offers a full range of products including air conditioners, heat pumps, VRF systems and air purification units. Its reputation is enhanced by its dedication to energy efficiency, technological innovation and environmental sustainability. Its HVAC systems are designed to provide reliable and durable performance, ensuring home comfort and reducing operating costs. Its affiliated brands include Bryant, ...

4.1 Supply analysis

In the HVAC (***) industry, market offerings can be divided into several categories depending on the type of service and product offered, the following cover the full spectrum of HVAC solutions available in the market, each with specific applications, benefits, and features.

Source: ****

table { width: ***%; border-collapse: collapse; } table, th, td { border: *px solid black; } th, td { padding: **px; text-align: left; } th { background-color: #f*f*f*; }

4.2 The price analysis

Price trends in the heating and air conditioning equipment sector reflect market dynamics and inflationary pressures in recent years. After a phase of stability followed by a decline, prices have been rising steadily, with more marked accelerations in recent periods. Analysis of annual averages and monthly variations allows the identification of both long-term trends and seasonal fluctuations, which are crucial to understanding demand and pricing strategies in the HVAC sector.

After a downturn between **** and ****, the price index reversed its trend, rising ** percent from **.* to ***.* in ****. The increase was particularly noticeable from **** onward, a sign of stronger inflationary pressure in the sector.

Consumer price index for whole community heating appliances and air conditioners [***] (***) - annual averages Italy, ****-****, index Istat

Monthly trends confirm some seasonality, with fluctuations around ***-*** points and peaks above *** in some months. The variations indicate possible effects related to seasonal demand and trade policies, while still maintaining the price level at high values compared to previous years. Consumer Price Index for Whole Household Heating Appliances and Air Conditioners [***] (***) - monthly data Italy, ****-****, index Istat

4.3 New supply trends

The HVAC (***) industry is evolving rapidly, driven by a number of innovative trends that reflect technological, environmental, and market changes. The industry is responding with innovations that not only improve performance and reduce operating costs, but also contribute to a healthier and more sustainable environment.

Energy Efficiency and Sustainability:

High Efficiency Systems: New HVAC units are designed to be more energy efficient, reducing consumption and CO* emissions. They use variable speed compressors, permanent magnet motors, and advanced heat exchange technologies. Use of Environmentally Friendly Refrigerants: The adoption of refrigerants with low global warming potential (***), is promoted.

Integration of Smart Technologies:

Smart and Connected HVAC: Modern HVAC systems are equipped with advanced sensors and IoT capabilities, enabling remote monitoring and control via smartphones and apps. This enables more precise and personalized indoor climate management. Predictive Maintenance: Through real-time data analysis, systems can predict and signal the need for maintenance work before failures occur, reducing downtime and repair costs.

Indoor Air Quality (***):

Air Purification Systems: Growing interest in health and well-being has led to the adoption of advanced filtration and purification technologies, such as HEPA filters, ionizers, and UV-C purifiers, to improve indoor air quality. IAQ Monitoring: HVAC systems now include sensors to ...

5.1 Regulation

In energy matters, the national reference standard is Law ** of Jan. *, **** "Regulations on the rational use of energy, energy saving and development of renewable sources of energy"; this has been followed by other laws and legislative decrees, mostly of an implementing nature, including:

presidential Decree No. *** of August **, ****, "Regulations containing standards for the design, installation, operation and maintenance of thermal systems in buildings for the purpose of energy consumption containment, in implementation of Article *, paragraph *, of Law No. ** of January *, ****." legislative Decree No. *** of August **, ****, transposing Directive ****/**/EC, which establishes the criteria and conditions for improving the energy performance of buildings in order to encourage the development, enhancement, integration of renewable energy sources and energy diversification. The Decree also regulates the operation and maintenance of systems, introducing periodic inspections for HVAC systems; legislative Decree No. *** of May **, ****, implementing Directive ****/**/EC on energy end-use efficiency and energy services, which establishes a framework of measures aimed at improving energy end-use efficiency, both to limit the problem related to the supply of resources and to limit air pollution. Within the Decree, calculation methodologies for energy certification are identified with reference to the technical specification UNI TS ****, parts * and * (***); presidential Decree. April *, ****, No. ** "Regulations for ...

5.2 Conclusion

The global HVAC (***) of *.** percent. This development is driven by theintegration of IoT technologies, which optimize the operation of systems, and an increasing focus onenergy efficiency, driven by increasingly stringent environmental regulations.

At the European level, the HVAC sector is showingeven more robust expansion, with a CAGR of *.**%, boosted by an increasingly warming climate, green transition policies, and incentives for energy upgrades. In Italy, the market will reach a value of $*.** billion by ****, an increase of **.**% over ****. This growth is supported by infrastructure modernization and demand for energy-efficient solutions in both the residential and industrial sectors. Italy stands out as the European leader in HVAC exports, surpassing Germany and the Czech Republic, thanks to a strong specialization in technological progress and sustainability.

Italian demand is influenced by several factors, including climate change, which is increasing the need for summer air conditioning and winter heating, and the regulatory push toward low-emission buildings. Major trends include the adoption of IoT solutions for smart consumption management, energy-efficient HVAC systems, and air purification technologies. The Italian market is fragmented, with a predominance of small companies, but it is showing signs of stabilization, with a slight increase in the number of companies and employees. Among the ...

6.1 Market segmentation

• Daikin
• Carrier
• Mitsubishi (MEHITS)
• Clivet
• Aermec
• Siemens
• Ferroli
• Haier HVAC Italy Trading
• York
• Ferguson