Italy Commercial HVAC Market Size, Share, and COVID-19 Impact Analysis, By Type of Component (HVAC Equipment, Heating Equipment, Air Conditioning, Ventilation Equipment, HVAC Services), By End-User Industry (Hospitality, Commercial Buildings, Public Buildings, and Other), and Italy Commercial HVAC Market Insights, Industry Trend, Forecasts to 2035

Italy Commercial HVAC Market Insights Forecasts to 2035

• The Italy Commercial HVAC Market Size Was Estimated at USD 1.15 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.8% from 2025 to 2035
• The Italy Commercial HVAC Market Size is Expected to Reach USD 2.371 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The Italy Commercial HVAC Market Size Is Anticipated To Reach USD 2.371 Million By 2035, Growing At A CAGR Of 6.8% From 2025 To 2035. The Italy commercial HVAC market is driven by increasing urbanization, rising demand for energy-efficient heating and cooling systems, growing commercial construction projects, government regulations on energy conservation, technological advancements, and the need for improved indoor air quality in workplaces.

Market Overview

The Italy commercial HVAC (Heating, Ventilation, and Air Conditioning) market comprises systems and services designed to control temperature, humidity, and air quality in non-residential buildings such as offices, hotels, retail spaces, and institutions. These systems are vital for occupant comfort, operational efficiency, and energy management. The market is witnessing steady growth due to rapid urbanization, expanding commercial construction projects, and rising demand for energy-efficient and technologically advanced HVAC solutions. Increasing awareness of indoor air quality, sustainability concerns, and climate change impacts further drives the adoption of modern, high-performance HVAC systems.

Government policies and regulations in Italy significantly influence the commercial HVAC market. EU directives and national regulations promote energy efficiency and carbon reduction, encouraging the adoption of high-performance systems. Incentives for energy-efficient construction and retrofitting support commercial building owners in investing in advanced HVAC technologies. Stricter energy standards and potential phase-outs of outdated systems, like traditional boilers, push the market toward sustainable alternatives such as heat pumps and low-emission solutions. These initiatives help reduce energy consumption, meet environmental targets, and stimulate demand for modern HVAC systems in the commercial sector.

Four notable trends are shaping the market. First, energy efficiency remains a priority as businesses aim to reduce costs and comply with regulations. Second, heat pumps are increasingly adopted due to sustainability incentives and carbon reduction goals. Third, smart and connected HVAC systems with IoT, automation, and predictive maintenance enhance operational performance. Finally, indoor air quality is a growing concern, with demand rising for advanced filtration, UV-C sterilization, and energy recovery solutions to meet post-pandemic health standards.

Report Coverage

This research report categorizes the market for the Italy commercial HVAC market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Italy commercial HVAC market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Italy commercial HVAC market.

Driving Factors

The Italy commercial HVAC market is driven by rising commercial construction, urbanization, and renovation of aging buildings. Growing emphasis on energy efficiency and carbon emission reduction encourages adoption of advanced HVAC systems. Government incentives and strict energy regulations support installation of high-performance equipment. Increasing awareness of indoor air quality, especially in offices, hotels, and healthcare facilities, further boosts demand. Technological advancements such as smart controls, IoT-enabled systems, and energy-efficient heat pumps also contribute to market growth by improving operational efficiency and reducing long-term operating costs.

Restraining Factors

The Italy commercial HVAC market faces restraints due to high initial installation and equipment costs, which limit adoption among small commercial establishments. Complex regulatory compliance, rising maintenance expenses, and the need for skilled technicians also challenge market growth. Additionally, economic uncertainty and fluctuating construction activity can delay commercial projects and reduce investment in new HVAC system installations.

Market Segmentation

The Italy commercial HVAC market share is classified into types of components and end-user industry.

• The HVAC equipment segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Italy commercial HVAC market is segmented by type of component into HVAC equipment, heating equipment, air Conditioning, ventilation equipment, and HVAC services. Among these, the HVAC equipment segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The HVAC equipment segment dominates the market because commercial buildings increasingly prefer integrated systems that provide heating, cooling, and ventilation in a single solution. Strict energy efficiency regulations encourage the replacement of outdated units with modern HVAC equipment. Growing commercial construction, renovation of old buildings, and rising demand for energy-efficient and smart HVAC systems further boost equipment sales. Compared to services, equipment purchases involve higher capital investment, making this segment the largest contributor to overall market revenue.

• The commercial buildings segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Italy commercial HVAC market is segmented by end user industry into hospitality, commercial buildings, public buildings, and other. Among these, the commercial buildings segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The commercial buildings segment dominates the market due to the large number of offices, retail outlets, and mixed-use developments across urban areas. These buildings require continuous heating, cooling, and ventilation to maintain comfort and productivity. Increasing renovation of aging commercial infrastructure, strict energy efficiency regulations, and growing adoption of smart HVAC systems further strengthen demand. Compared to hospitality and public buildings, commercial buildings generate consistent year-round HVAC usage, resulting in higher system installation and replacement rates.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Italy commercial HVAC market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Daikin Industries Ltd.
• Mitsubishi Electric Europe BV
• Robert Bosch GmbH
• Vaillant Group
• Danfoss A/S
• Johnson Controls International PLC
• Carrier Corporation
• Midea Group Co. Ltd
• LG Electronics Inc.
• Lennox International Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Italy, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Italy commercial HVAC market based on the below-mentioned segments:

Italy Commercial HVAC Market, By Type of Component

• HVAC Equipment
• Heating Equipment
• Air Conditioning
• Ventilation Equipment
• HVAC Services

Italy Commercial HVAC Market, By End-User Industry

• Hospitality
• Commercial Buildings
• Public Buildings
• Other