Increasing Adoption of VRF Systems, Heat pumps, Smart, and Energy-efficient Technologies Boost the Central Air Conditioning Systems Market in Europe
A new report by Industry Experts, Inc., on " European Central Air Conditioning Systems Market ", is unveiled. The study reveals that between 2024 and 2030, unit shipments of Central Air Conditioning Systems by European producers are projected to grow at a CAGR of 2.4%, reaching 3.3 million units by 2030. In terms of value, the European market for Central Air Conditioning Systems is anticipated to reach US$10.2 billion by 2030, growing at a CAGR of 3.8%. The European Central Air Conditioning Systems production experienced a notable decline in 2020, due to the COVID-19 pandemic, which disrupted new construction and renovation activities across Europe. The industry rebounded sharply in 2021, driven by a recovery in commercial and residential construction and government-backed renovation initiatives. By 2024, European unit shipments of Central Air Conditioning Systems by domestic producers reached an estimated 2.85 million units, up from 2.7 million units in 2020, ...