The Split ACs Segment Expected to Dominate the Europe Air Conditioners Market in 2023
According to this latest publication from Meticulous Research®, the ‘Europe Air Conditioners Market is projected to reach $46.8 billion by 2030, at a CAGR of 6% during the forecast period 2023–2030. The growth of the Europe air conditioners market is driven by increasing temperatures and humidity levels, consumers’ growing preference for convenience and comfort, and the rising demand for energy-efficient air conditioning systems. However, the high costs of air conditioners restrain the market’s growth.

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Key Findings in the Europe Air Conditioners Market Study:
The Split ACs Segment Expected to Dominate the Europe Air Conditioners Market in 2023
Based on type, the Europe air conditioners market is segmented into window ACs, split ACs, VRF (Variable Refrigerant Flow) systems, centralized/ducted ACs, and other air conditioner types. In 2023, the split ACs segment is expected to account for the largest share of the Europe air conditioners market. Split AC systems are energy efficient and keep indoor environments clean. The segment’s large market share is attributed to the increasing demand for energy-saving and low-noise air conditioners and key market players’ increasing emphasis on providing quality air conditioners and launching a wide range of split ACs in the market.
The Inverter ACs Segment Expected to Account for the Largest Market Share in 2023

Based on technology, the Europe air conditioners market is segmented into inverter ACs and non-inverter ACs. In 2023, the inverter ACs segment is expected to account for the larger share of the Europe air conditioners market. The segment’s large market share is attributed to advancements in inverter technology and AC manufacturers’ strong focus on product enhancement and the development of inverter-powered ACs.

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The Residential Segment Expected to Dominate the Europe Air Conditioners Market in 2023
Based on end user, the Europe air conditioners market is segmented into residential end users, commercial end users, and industrial end users. In 2023, the residential segment is expected to account for the largest share of the Europe air conditioners market. The segment’s large market share is mainly attributed to the growing acceptance of smart home technologies, construction companies’ increased focus on offering air-conditioned apartments, and the rising need to improve indoor air quality. Moreover, the residential segment is also projected to register the highest CAGR during the forecast period.

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Based on geography, the Europe air conditioners market is segmented into the U.K., Germany, France, Italy, Spain, the Netherlands, Switzerland, Poland, Norway, Sweden, Denmark, Ireland, Russia, and the Rest of Europe (RoE). In 2023, Italy is expected to account for the largest share of the Europe air conditioners market. Italy’s dominant position in the Europe air conditioners market is attributed to the growing demand for residential air conditioners due to rising temperatures, the increasing need for space cooling, the rising demand for comfort, and growing income levels in the country. Furthermore, the rising demand for comfortable residential spaces and the increasing ownership of residential apartments are encouraging consumers to install AC units. This trend is expected to drive the growth of the air conditioners market in Italy during the coming years. However, France is projected to register the highest CAGR during the forecast period.

Key Players:
The key players operating in the Europe air conditioners market are Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation (U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG Electronics (South Korea), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd. (South Korea), Fujitsu Limited (Japan), Blue Star Ltd (India), Toshiba Corporation (Japan), Gree Electric Appliances Inc. (China), and Midea Group Co. Ltd (China).

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