Market Insights Consumer Household Appliances Major Appliances

Air Conditioners - Europe

Europe

In 2024, the Air Conditioners market in Europe recorded a revenue of €8.65bn.
It is projected to experience an annual growth rate of 6.74% (CAGR 2024-2028).
When compared globally, in China dominates the market with a revenue of €14,610m in 2024.
Taking into account the total number of households, the per household revenue in the Air Conditioners market is estimated to be €24.23 in 2024.
Looking ahead to 2028, the volume in the Air Conditioners market is expected to reach 12.1m pieces.
Additionally, there is an anticipated volume growth of 7.8% in 2025.
On average, each household is expected to have a volume of 0.03pieces in the Air Conditioners market by 2024.
This indicates the significance of the Air Conditioners market in Europe.
The demand for energy-efficient air conditioners is rapidly increasing in Germany, driven by the country's commitment to sustainability.

Key regions: Canada, Indonesia, Worldwide, Europe, Germany

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Comparaison de régions

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.