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Summary of our market study
The French HVAC market is estimated to be worth 7.4 billion euros by 2022.
The global HVAC market is valued at around $140 billion, with an average annual growth rate of 6%.
The French market will double in size between 2015 and 2022.
Cooling is the dominant segment, with 55% of the market.
Growth in the French market stems mainly from renewable energy consumption in heating, which rose by 82% between 2006 and 2021, with wood energy predominating (63%).
Regulation plays a key role, with eco-loans and other government incentives encouraging the adoption of cleaner, more energy-efficient HVAC systems. The number of eco-loans granted for renewable energy heating systems reached 61,034 in 2021.
The residential sector benefits from government schemes such as "Un coup de pouce pour les économies d'énergie", MaPrimeRenov, and zero-rate eco-loans. Between 2016 and 2021, the number of eco-loans granted rose by 45%.
The public sector is supported by the decree on the renovation of tertiary buildings, which aims to reduce energy consumption by 60% by 2050
The main market players range from generalists like the Vinci Group and Bouygues Construction to specialist companies like Daikin.
A large proportion of sales in the HVAC market come from maintenance and retrofit activities, which account for almost 70% of the market. The remainder is attributed to new construction.
HVAC companies are mainly concentrated in the south and north-east of France, and the Île-de-France region.
Several key players have established a strong presence
- Dalkia, known for its comprehensive energy services
- Engie, formerly GDF Suez, is a global energy player and an expert in the heating, ventilation and air-conditioning sector.
- Spie is an independent European leader in multi-technical services.
- CDL Elec is a major distributor of electrical equipment and heating, ventilation and air-conditioning systems.
- Vinci: Its expertise naturally extends to heating, ventilation and air-conditioning systems.
- Eiffage, a major construction company, extends its services to heating, ventilation and air conditioning.
- Bouygues Construction brings innovation and sustainability to its projects.
- Climat de l'air, Idex, Snef, Patricola and MCI offer customized HVAC solutions
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Summary and extracts
1 Market overview
1.1 Overview and definition of the HVAC market
HVAC technology encompasses all installations for heating, ventilating and air-conditioning a building, whether commercial or industrial .
Several activities are grouped together in the HVAC market:
- Gas and oil-fired boilers
- Heat pumps
- Air conditioning
- Ventilation and air treatment
- solar equipment
- Water radiators
- Filtration
- Wood-fired boilers
Thanks to the development of technology and growing demand for energy-efficient products, the global HVAC market is expected to grow at a CAGR (compound annual growth rate) of 6.3% over the period 2023-2030. The French market is also promising, having almost doubled in size between 2015 and 2022[UNICLIMA].
Indeed, HVAC engineering is a business with a strong sustainable development and energy-saving component, since its aim is to develop solutions for regulating the temperature of business premises or homes. Because of its importance, HVAC is closely linked to renewable energies (solar, biomass, condensing boilers, biogas, etc.).
In France, the market has been growing steadily since 2020, and is set to continue to do so in the years ahead.
The HVAC industry is therefore highly dependent on the health of the construction market and on regulatory advances in environmental protection.
1.2 The global HVAC market
The global HVAC systems market was valued at ***.* billion USD in ****, and is expected to grow at a CAGR (***) of *.*% over the period ****-****, reaching a value of ***.** billion USD. The biggest consumers of HVAC systems are Asia-Pacific, which accounts for **% of the market, and the USA, with a market share ...
1.3 HVAC engineering in France: a sector linked to construction and changing regulations
According to the trade federationUniclimathe HVAC market in France represented **.* billion euros in ****, including *.* billion euros in exports. As a result, the French HVAC market represented *.* billion euros in ****.
If we consider that the evolution of the sales index for the "heating and air-conditioning installation work" sector corresponds to that for ...
1.4 Impact of the Covid-19 pandemic
given the variety of services included in the HVAC sector, the impact of the pandemic varied according to activity. In general, the HVAC sector was able to limit the impact of the crisis thanks to growth in certain sectors, even if some segments were hard hit, for example due to the ...
2 Demand analysis
2.1 Overview of the sector and business segments
The construction sector as a whole
The HVAC sector is closely linked to the construction industry. We therefore need to take a close look at the available data on construction in France, demand and its evolution.
On the building market, the FFB (***).
Source: ****
The different markets for metal construction; Public ...
2.2 Renewable energies gain ground
Among heating and energy options, renewable energies seem to be playing an increasingly important role in consumption.
Total primary consumption of renewable energies for heat production France, ****-****, in thousands of kilotonnes of oil equivalent Source: ****
In ****, total primary consumption of renewable energies in France amounted to approximately *,*** kilotonnes of oil ...
2.3 Regulations drive demand for less polluting products
Number of eco-loans granted in ****France, in units
Source: ****
Supported byeco-loan "a zero-interest loan granted by the French government to finance energy-efficient home improvements, the number of insulation and heating systems using renewable energies is on the rise. The number of eco-loans granted is rising year on year, reaching **,*** in **** (***).
number ...
3 Market structure
3.1 Market value chain
According to the Bouygues Energie website, the HVAC value chain has four main components
Large companies oversee work for the public and corporate sectors. They can draw on their complementary activities and strong geographical coverage. Smaller companies focus on work and maintenance for private customers.
3.2 Companies in the market
We can use NAF code **.**B to study companies in the HVAC sector in France. Companies registered under this NAF code mainly install heating and air-conditioning equipment.
growth in the number of HVAC companies France, ****-****, in units Source: ****
The graph above shows that the number of companies operating in the ...
3.3 Strong competition due to proximity to market
According to forceplus.comthere are a wide variety of channels that can be used to capture customers
Telephone prospecting Website attractiveness: referencing, content, etc. Targeted e-mail prospecting Chat bot Creation of HVAC content Relations with technical centers
According to a Force Plus study, **% of customers in this sector use at least ...
3.4 The main market players
The HVAC market is dominated by the major energy services companies: Engie, Dalkia, Veolia and SPIE. Engie is by far the market leader. In ****, following the acquisition of a majority stake in SUEZ, Véolia saw a sharp increase in sales, placing it in third position in this market.
These groups' ...
4 Offer analysis
4.1 Different types of installation
Heating and air conditioning
Due to the many areas included in HVAC, there is a wide variety of offers and solutions. When it comes to heating, the solution to be adopted depends primarily on the volume of the building to be heated. Depending on requirements, heating may be gas or electric, ...
4.2 Price trends and the quality challenge for installers
To get an idea of price trends in the HVAC sector, we can observe the evolution of the price index - base *** in **** (***) given byInsee.
In the graph below, we can see a steady rise in the price index, from *** in **** to ***.** in ****, an increase of **.**%. This sharp acceleration in **** can ...
5 Regulations
5.1 Strong government incentives for the residential sector
The regulatory environment changes regularly, but remains highly promising for the residential sector
The French Ministry of Ecological Transition and Solidarity has launched the " A helping hand for energy savings " which enables households to benefit from a bonus ranging from ** to *,*** euros to reduce their carbon footprint. Available according to income ...
5.2 Non-residential regulation supports industry activity
The decree on the renovation of tertiary buildings, published in the Journal Officiel on May *, ****, aimed to improve the energy efficiency of commercial buildings. The aim is to achieve a **% reduction in energy consumption between **** and ****. Intermediate targets have been set for each **-year period
**% reduction in energy consumption by ...
6 Positioning the players
6.1 Segmentation
Generalist" companies whose activities include HVAC
Dalkia Engie Spie CDL Elec Vinci Eiffage Bouygues Construction Daikin
Specialized" companies
Air conditioning Climat de l'air Idex Snef Patricola MCI
- Dalkia
- CDL Elec
- Vinci Groupe
- Eiffage Groupe
- Bouygues Construction
- Daikin (France)
- Climater Groupe
- Air Climat
- Snef
- Patricola
- MCI
- INEO (Engie Energie Service)
- Jimmy Energy
- F2A
- Eiffage Énergie Systèmes
- Vinci Energies
- Axima Concept (Engie)
- Suez Groupe
- Axenergie
- CEME Groupe
- Idex
- Airwell (Systemair Groupe)
- Joncoux Sphering Groupe
List of charts presented in this market study
- Sales trends in the HVAC market
- Market breakdown by use
- Global HVAC market breakdown by location of use
- Total primary consumption of renewable energies for heat production
- Trend in the share of renewable energy in gross final consumption
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Latest news
Bouygues Construction aims to stand out in the industry - 29/07/2024
- - Bouygues Construction sales: 3.2 billion euros in France.
- - Number of employees at Bouygues Construction: 7,000.
- - Year of creation of dedicated subsidiary Bouygues Bâtiment Industrie: early 2024.
- - Industrial order intake in 2023: 530 million euros.
- - Number of people in the pool of industry experts after expansion: 600 (compared with 450 previously).
- - Geographical areas previously concentrated in personnel: Ile-de-France and Hauts-de-France.
- - Priority sectors: data centers, logistics, food processing.
Suez breaks into the Polish biogas market - 19/07/2024
- - Suez acquires 51% of ARA Cursus.
- - 24.5% stake in ARA taken by Eiffel Gaz Vert.
- - The Bourgogne group has owned 24.5% since 2021.
- - Number of ARA agricultural biogas projects: 9 projects, including 1 in operation and 8 scheduled to start up in 2024.
- - Production capacity per project: Approx. 1 MW of renewable electrical energy.
- - Planned investment for development in Poland: Around €70 million.
- - Suez biogas production in 2023: More than 2000 GWh.
- - Suez biomethane production in 2023: 382 GWh.
- - Suez has been present in Poland for almost 50 years with subsidiaries in water and wastewater management.
- - Polish support framework for biogas: Guaranteed tariff for 15 years from 2023.
Bouygues Construction sets up temporary factories near its projects - 18/06/2024
- Transformation towards industrialization and digitization: Bouygues Construction is stepping up the industrialization of construction, including digitization and prefabrication/modularization.
- The "BRYCK "** digital platform: Developed in collaboration with Dassault Systèmes, used this year on a dozen new housing sites for their industrialization potential.
- Industrial partnership with TH for modular wood projects.
- Temporary factory set up near the site of the future Tremblay-en-France prison to produce 800 3D concrete modular elements, including 705 prison cells.
- Bouygues Construction sales: 10 billion euros by 2023, with an international rate of 60%.
- Bouygues Construction employs 32,500 people.
- Bouygues Construction opts for temporary rather than permanent production sites.
Battery recycling: Suez hopes to supply China's Envision gigafactory in Douai - 08/05/2024
- Creation of France's first zero-emission battery industrial park.
- Construction of a battery gigafactory with a capacity of 9 gigawatt-hours, representing an investment of 2 billion euros and the creation of 2,500 jobs by 2030.
- In partnership with Eramet, Suez will develop a complex to recycle batteries and extract essential metals such as lithium, cobalt and nickel.
- The battery recycling plant should be operational by 2027.
- Suez sales in China: one billion euros.
- Suez workforce: 40,000 people in 40 countries.
- Global Suez sales in 2023: 9 billion euros.
Joncoux (Sphering Groupe) invests in a flue gas factory - 08/05/2024
- - **Company**: Joncoux, specialist in flue systems, flagship of the Sphering group.
- - **Investment**: 15 million euros.
- - **Target sectors**: Wood-energy and gas, renovation market.
- - **Share of single-family homes in business**: More than half.
- - **Sphering sales in 2023**: €190 million (down 15%).
- - **Founding of the Sphering Group**: In 1919 in Rennes.
- - **Sphering production sites**: 8 in Europe (Poland, Czech Republic, Belgium, Italy).
- - **Number of employees**: Around a thousand.
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the HVAC market | France
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