Heating & Cooling - Tunisia | Statista Market Forecast

In Tunisia, the revenue in the Heating & Cooling market is projected to reach US$77.25m in 2024.
According to the forecast, the market is anticipated to experience an annual growth rate of 3.82% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this sector, amounting to US$126bn in 2024.
In terms of per capita figures, in Tunisia generates US$6.15 in revenue per person in 2024.
Tunisia's heating and cooling market is witnessing a growing demand for energy-efficient solutions to combat rising energy costs and promote sustainability.

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 Tunisia has been facing negligible growth due to factors such as low consumer demand, economic instability, and lack of awareness for heating & cooling products. Despite this, the market shows potential for growth with the increasing popularity of DIY projects and a growing trend towards home improvement.

Customer preferences: As DIY and home improvement activities continue to gain popularity in Tunisia, there is a growing demand for efficient heating and cooling solutions among consumers. This trend is driven by a shift towards more comfortable and sustainable living, with customers searching for energy-efficient options that can also adapt to the country's hot climate. Additionally, the increasing urbanization and rising disposable incomes are influencing the preference for smart and connected cooling and heating systems, providing convenience and control to homeowners.

Trends in the market: In Tunisia, the Heating & Cooling Market within the DIY & Hardware Store Market is experiencing a surge in demand for energy-efficient solutions, driven by the government's efforts to promote sustainability and reduce energy costs. This has led to a rise in the availability of eco-friendly products and the adoption of renewable energy sources such as solar-powered heating and cooling systems. Additionally, there is a growing trend towards smart home technology, allowing consumers to control their HVAC systems remotely through mobile apps. These trends signal a shift towards more environmentally conscious and convenient solutions for consumers and present opportunities for industry players to tap into a growing market.

Local special circumstances: In Tunisia, the Heating & Cooling Market within the DIY & Hardware Store Market is heavily influenced by the country's climate, with a Mediterranean climate dominating the region. This results in a high demand for air conditioning products in the summer and a need for heating solutions in the winter. Moreover, the DIY culture in Tunisia is strong, with many individuals opting to tackle home improvement projects themselves, leading to a flourishing market for heating and cooling products in the DIY & Hardware Store Market. Additionally, Tunisia has a strong regulatory framework promoting energy-efficient products, which further drives the demand for energy-efficient heating and cooling solutions in the market.

Underlying macroeconomic factors: In Tunisia, the Heating & Cooling Market within the DIY & Hardware Store Market is affected by macroeconomic factors including the country's economic growth, inflation rates, and government policies. The global economic outlook and consumer spending patterns also play a significant role in shaping the market dynamics. Strong economic growth and increasing consumer disposable income are expected to drive demand for heating and cooling products, whereas high inflation rates and fiscal policies could impact market performance negatively. Furthermore, the growth of the construction industry, which drives demand for heating and cooling products, is closely tied to macroeconomic factors such as government investment in infrastructure and real estate development.

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.