Europe HVAC System Industry

The report "Europe HVAC System Market By Cooling (AC, VRF, Chiller, Cooling Tower, Cooler), Heating (Heat Pump, Boiler, Unitary Heater, Furnace), Ventilation (AHU, Air Filter, Humidifier, Purifier), Technology (Smart, Sustainable) - Forecast to 2030" The European HVAC system market is projected to grow from USD 36.4 billion in 2025 to USD 48.1 billion by 2030, at a CAGR of 5.8% from 2025 to 2030.

Browse 190 market data Tables and 60 Figures spread through 250 Pages and in-depth TOC on "Europe HVAC System Market By Cooling (AC, VRF, Chiller, Cooling Tower, Cooler), Heating (Heat Pump, Boiler, Unitary Heater, Furnace), Ventilation (AHU, Air Filter, Humidifier, Purifier), Technology (Smart, Sustainable) - Forecast to 2030"
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Europe’s HVAC system market is steadily growing, fueled by strict energy efficiency rules and large-scale building renovations. The market is increasingly influenced by EU policy goals to cut greenhouse gas emissions by 55% by 2030 and reach climate neutrality by 2050, which accelerate the replacement of old boilers with high-efficiency chillers, heat pumps, and advanced air handling systems. Widespread adoption is seen in commercial offices, data centers, and healthcare facilities, driven by the need for better indoor air quality and intelligent, connected building management.

Future opportunities concentrate on heat pump-based systems, refrigerants with low global warming potential, and the integration of HVAC with building automation and renewable energy sources. The amended Energy Performance of Buildings Directive, Ecodesign requirements, and F-gas phase-down are propelling investments in low-carbon HVAC technologies and extensive renovation initiatives across Germany, France, Italy, the Nordic countries, and the Benelux region. Increasing investments from utilities, ESCOs, and infrastructure funds in district heating and cooling, coupled with EU recovery and cohesion funds for green buildings, are further propelling the demand for efficient chillers, VRF systems, and integrated HVAC solutions over the forthcoming decade.

The unitary air conditioner segment is projected to hold the largest market share in 2026.

Based on cooling equipment, the unitary air conditioner segment is expected to hold the largest share in the European HVAC system market. Demand for unitary air conditioners in Europe is increasing, driven by warmer summer temperatures, urbanization, and a growing preference for energy-efficient cooling in homes and small commercial spaces. Countries such as Italy, Spain, and France are leading adoption, with demand shifting toward inverter-based and A+++ rated units that meet tighter energy efficiency and refrigerant regulations. Replacing older split ACs with low-GWP refrigerants and smart connected models is anticipated to boost future growth.

The heat pump segment is likely to capture the largest share of the European HVAC system market in 2025.

By heating equipment, the heat pump segment accounted for the largest market share in 2025. Heat pump adoption in Europe is growing unevenly but shows clear momentum. The European Heat Pump Association (EHPA) reported that sales in the first half of 2025 increased by approximately 9% compared to the same period in 2024. Leading countries include the Nordic nations, due to supportive policies and mature building practices, while Germany maintains the largest revenue share. Major players dominating this market include Daikin, Carrier, Bosch Thermotechnology, Viessmann, LG, Panasonic, Samsung, among others. In 2025, there is notable momentum in the growth of industrial-scale heat pumps across manufacturing and district-heating sectors.

Commercial applications are projected to grow at the highest CAGR in the European HVAC system market during the forecast period.

Europe’s commercial HVAC market is growing steadily, supported by the revised Energy Performance of Buildings Directive (EPBD 2024), which mandates new buildings to be zero-emission by 2030 and establishes minimum energy performance standards for existing non-residential buildings. Along with the updated Energy Efficiency Directive, this is speeding up the replacement of outdated chillers and boilers with high-efficiency VRF systems, commercial heat pumps, and smart building controls in offices, retail spaces, healthcare, education, airports, and data centers. For instance, in Germany, a high-end office renovation in Düsseldorf included an advanced HVAC system to enable flexible zoning and reduce operating costs. In Italy, recent HVAC upgrades in university lecture halls have shown significant energy savings and CO2 reduction while maintaining thermal comfort, highlighting the payback potential of comprehensive commercial retrofits.

Key Players

Leading players in the European HVAC system market include DAIKIN INDUSTRIES, Ltd. (Japan), LG Electronics (South Korea), Johnson Controls (Ireland), Mitsubishi Electric Corporation (Japan), SAMSUNG (South Korea), Fujitsu General (Japan), Vaillant Group (Germany), Bosch Thermotechnik GmbH (Germany), Viessmann (Germany), Systemair AB (Sweden), AERMEC S.P.A. (Italy), Zehnder Group AG (Switzerland), and others.

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