Heating & Cooling - France | Statista Market Forecast

In France, the revenue generated in the Heating & Cooling market in 2024 amounts to US$2.98bn.
According to projections, the market is expected to experience an annual growth rate of 0.36% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this market, amounting to US$126bn in 2024.
In terms of per capita revenue, in France generates US$45.85 per person in 2024.
"France is leading the way in the adoption of green heating and cooling technologies, with a strong emphasis on geothermal energy and heat pumps."

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 DIY & Hardware Store Market in France is facing negligible growth, influenced by factors such as lack of technological advancements, low consumer awareness, and limited online presence. These challenges have hindered the Heating & Cooling Market's growth in the region.

Customer preferences: As the climate becomes increasingly unpredictable, French consumers are incorporating sustainable and energy-efficient solutions into their homes. This has led to a growing demand for eco-friendly heating and cooling systems, such as geothermal and solar-powered options. Along with the rise in DIY culture, consumers are also seeking out tools and resources from hardware stores to help them implement these solutions on their own. This trend reflects a larger shift towards sustainability and self-sufficiency in French society.

Trends in the market: In France, the Heating & Cooling Market within the DIY & Hardware Store Market is experiencing a surge in demand for energy-efficient and eco-friendly products. This trend is driven by increasing awareness of environmental issues and government incentives for energy-efficient renovations. This trajectory is expected to continue as consumers prioritize sustainability in their purchasing decisions. Industry stakeholders can capitalize on this trend by offering a wide range of energy-efficient options and educating consumers on the benefits. However, it may also present challenges for smaller players who may struggle to keep up with technological advancements and sustainability standards. Overall, the trend towards eco-friendly heating and cooling solutions presents opportunities for growth and innovation in the market.

Local special circumstances: In France, the Heating & Cooling Market within the DIY & Hardware Store Market is heavily influenced by the country's strict energy efficiency regulations. This has led to a growing demand for eco-friendly heating and cooling solutions, such as smart thermostats and heat pumps. Additionally, the country's extreme climate zones require specialized heating and cooling systems, leading to a diverse market for both residential and commercial customers. The strong focus on environmental sustainability and energy efficiency also drives innovation and competition in the market.

Underlying macroeconomic factors: The Heating & Cooling Market within the DIY & Hardware Store Market in France is influenced by various macroeconomic factors, including global economic trends, national economic health, fiscal policies, and financial indicators. With the rise in demand for energy-efficient and sustainable heating and cooling solutions, countries with favorable regulations and investments in green technologies are experiencing faster market growth. Moreover, the increasing focus on reducing carbon emissions and promoting energy conservation is further driving the demand for innovative heating and cooling products in France. The overall growth of the market is also supported by the rising disposable incomes and home renovation activities in the country.

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.