Heating & Cooling - Czechia | Statista Market Forecast

In Czechia, the revenue in the Heating & Cooling market in 2024 amounts to US$532.10m.
It is projected to witness an annual growth rate of 5.35% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this market with US$126bn in 2024.
In terms of per person revenues, US$50.66 are generated in 2024.
Czechia's heating and cooling market is experiencing a shift towards energy-efficient solutions to meet the country's sustainability goals.

Definition:

In the segment of Heating & Cooling, the focus lies on various heating and cooling systems which can be found inside buildings. Included in this segment regarding cooling are mainly air conditioners and cooling supplies.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Air conditioners & coolers
Heating systems & heaters
Stoves, fireplaces & chimneys
Heating & cooling supplies

Air treatment devices (purifier, humidifier, etc.)
Ventilators
Solar systems for heating support

The Heating & Cooling market within the DIY & Hardware Store industry in Czechia is experiencing minimal growth due to various factors like low consumer awareness, lack of technological advancements, and limited availability of online services. Despite this, the market is expected to continue its slow growth in the coming years.

Customer preferences: There is a growing trend towards eco-friendly and energy-efficient options in the Heating & Cooling Market within the DIY & Hardware Store Market in Czechia. This is driven by an increasing awareness of the environmental impact of traditional heating and cooling methods. Consumers are also showing a preference for smart home solutions that can be controlled remotely, allowing for more efficient use of energy and better management of their home's temperature. This shift is also influenced by the aging population and their need for more convenient and accessible solutions.

Trends in the market: In Czechia, there is a growing trend towards energy-efficient heating and cooling solutions, driven by increasing awareness of climate change and rising energy costs. This trend is expected to continue, with a focus on smart and eco-friendly technologies, such as heat pumps and solar systems. This is significant for stakeholders in the Heating & Cooling Market within the DIY & Hardware Store Market, as it presents opportunities for offering innovative and sustainable products. However, it also poses challenges in meeting changing consumer demands and adapting to new regulations and standards in the industry. Companies will need to invest in research and development to stay competitive and cater to the evolving market.

Local special circumstances: In Czechia, the Heating & Cooling market within the DIY & Hardware Store market is heavily influenced by the country's harsh winters and hot summers. This has led to a high demand for efficient and affordable heating and cooling solutions. Additionally, the country's strong DIY culture, driven by a history of self-sufficiency, has contributed to the popularity of DIY heating and cooling installations. Furthermore, the government's energy efficiency policies and focus on sustainability have also shaped market dynamics, promoting the adoption of eco-friendly and energy-efficient products.

Underlying macroeconomic factors: The Heating & Cooling Market within the DIY & Hardware Store Market in Czechia is influenced by macroeconomic factors such as economic growth, consumer spending, and government policies. The country's stable economic growth and rising disposable income are increasing consumer demand for heating and cooling products. Moreover, government incentives and initiatives promoting energy-efficient solutions are further driving market growth. Additionally, the growing trend of eco-friendly and sustainable products is also impacting the market, with consumers seeking energy-efficient cooling and heating options.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The heating, ventilation, and air conditioning (HVAC) technology provides environmental comfort through thermal manipulation (heating and air conditioning) and acceptable indoor air quality (ventilation). Sometimes refrigeration is also included in the field as HVACR. The HVAC industry is largely fueled by regional regulations and differences: Asia was said to have one of the largest HVAC market sizes, with a larger demand for air conditioners than in other regions. Meanwhile, Italy was one of the European countries with the biggest heat pump markets in 2020. Due to these differences between countries, there is little to no comparative information on this competitive market. In the United States alone, for example, a certain level of fragmentation can be observed, as the number of employees in the plumbing and HVAC industry varied widely from state to state.