Heating & Cooling - Italy | Statista Market Forecast

In Italy, the revenue generated in the Heating & Cooling market in 2024 amounts to US$1.40bn.
It is projected that the market will experience an annual growth rate of 2.02% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries worldwide, United States leads in terms of revenue generated, reaching US$126bn in 2024.
In relation to the total population, per person revenues of US$23.83 are generated in Italy in 2024.
In Italy, there is a growing trend towards energy-efficient heating and cooling systems to combat rising energy costs and reduce environmental impact.

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 Italy has seen minimal growth due to factors like low consumer spending and a decline in the construction industry. The convenience of online shopping has impacted traditional brick-and-mortar stores.

Customer preferences: In recent years, there has been a noticeable shift towards energy-efficient and environmentally friendly HVAC systems in the Heating & Cooling Market within the DIY & Hardware Store Market. This trend is largely driven by an increasing awareness of climate change and a desire to reduce energy costs. Additionally, there is a growing interest in smart home technology, allowing consumers to remotely control and monitor their HVAC systems through mobile devices. These changes reflect a broader cultural movement towards sustainability and convenience in home maintenance.

Trends in the market: In Italy, the DIY & Hardware Store Market is experiencing an increasing demand for smart and energy-efficient Heating & Cooling products. This trend is driven by the rising awareness of environmental sustainability and the government's initiatives to reduce energy consumption. As a result, there is a growing demand for products such as smart thermostats, energy-saving air conditioners, and programmable heating systems in the market. This trend is expected to continue in the coming years, with a focus on promoting energy-efficient and eco-friendly products. For industry stakeholders, this presents an opportunity to expand their product offerings and cater to the growing demand for sustainable solutions. Additionally, this trend emphasizes the need for retailers to stay updated with the latest technological advancements and educate their customers on the benefits of energy-efficient products.

Local special circumstances: In Italy, the Heating & Cooling market within the DIY & Hardware Store Market is particularly influenced by the country's strict regulations on energy efficiency, leading to a high demand for eco-friendly products. Additionally, the country's strong emphasis on traditional home design and maintenance drives the market for high-quality, aesthetically pleasing heating and cooling options. Italy's geographically diverse landscape also plays a role, with different regions having unique heating and cooling needs, leading to a diverse product range in the market.

Underlying macroeconomic factors: The growth of the Heating & Cooling Market within the DIY & Hardware Store Market in Italy is heavily impacted by macroeconomic factors such as consumer purchasing power, government policies, and overall economic stability. The current economic climate in Italy is relatively positive, with GDP growth projected at 1.5% and unemployment rates declining. This has led to an increase in consumer spending, positively impacting the DIY & Hardware Store Market and, in turn, the Heating & Cooling Market. Furthermore, government incentives and policies promoting energy-efficient products and sustainable living have also contributed to the growth of this market. However, ongoing economic uncertainty and potential changes in fiscal policies may pose a risk to market performance in the near future.

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.