Italy HVAC System Market Size, Share, and COVID-19 Impact Analysis, By Type (Split System, Ductless System and Packaged System), By Equipment (Heat Pump, Furnace, Unitary Heaters, Boilers, Air Purifier, Dehumidifier, Air Handling Units, Ventilation Fans, Air Conditioning, Chillers, Cooling Towers, and Others), By End Use (Residential, Commercial, and Industrial), and Italy HVAC System Market Insights, Industry Trend, Forecasts to 2035

Italy HVAC System Market Insights Forecasts to 2035

• The Italy HVAC System Market Size Was Estimated at USD 8470.15 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.9% from 2025 to 2035
• The Italy HVAC System Market Size is Expected to Reach USD 17,655 Million by 2035

According to a research report published by Spherical Insights & Consulting, the Italy HVAC system market size is anticipated to reach USD 17,655 million by 2035, growing at a CAGR of 6.9% from 2025 to 2035. The Italy HVAC system market is driven by rising urbanization, increasing construction of commercial and residential buildings, growing awareness of energy-efficient heating and cooling solutions, technological advancements in smart HVAC systems, and stringent government regulations promoting sustainable and eco-friendly climate control.

Market Overview

HVAC stands for heating, ventilation, and air conditioning. It is a system used in homes, offices, and industries to make indoor spaces comfortable and safe. HVAC systems heat or cool the air, control humidity, and provide fresh air. They improve comfort, maintain air quality, save energy, and create a healthy environment for people indoors. Furthermore, the Italian HVAC system market is growing due to increasing urbanization, rising construction of residential and commercial buildings, demand for energy-efficient and smart HVAC solutions, government initiatives for sustainable buildings, and technological advancements enhancing system performance and indoor comfort.

The Italy HVAC systems market is growing with several key trends. Energy-efficient HVAC systems are expanding due to rising energy costs and sustainability focus. Smart HVAC with IoT integration is gaining popularity for automation and remote control. Renewable energy-based heating and cooling systems are growing thanks to government incentives. Advanced air purification and ventilation technologies are increasing due to health concerns. Retrofit and modernization of existing systems are rising as buildings upgrade for improved efficiency and comfort.

The Italy HVAC systems market is driven by advanced technologies such as smart HVAC systems, IoT integration, energy-efficient equipment, and renewable energy-based heating and cooling solutions. Automation and advanced air purification technologies are also gaining traction. Government policies promoting energy efficiency, sustainability, and green building standards are encouraging the adoption of modern HVAC solutions. Incentives, rebates, and strict regulations on energy consumption are supporting market growth, while initiatives for reducing carbon emissions further boost the demand for innovative HVAC technologies.

Report Coverage

This research report categorizes the market for the Italy HVAC system 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 HVAC system 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 HVAC system market.

Driving Factors

The Italy HVAC systems market is primarily driven by increasing urbanization and the rapid growth of residential and commercial construction. Rising demand for energy-efficient and smart HVAC systems is fueling market expansion. Technological advancements, such as IoT-enabled automation and advanced air purification, enhance system performance and comfort. Government regulations promoting sustainable and green buildings, along with incentives for energy-efficient solutions, further support growth. Additionally, increasing awareness of indoor air quality, climate control, and environmental sustainability is boosting market adoption.

Restraining Factors

The Italy HVAC systems market faces restraints due to high installation and maintenance costs, which limit adoption, especially in small-scale residential projects. Complex system integration and a lack of skilled technicians can also hinder deployment. Additionally, fluctuating energy prices and economic uncertainties may slow investments, while stringent regulations and lengthy approval processes can delay project implementation.

Market Segmentation

The Italy HVAC System market share is classified into type, equipment, and end use.

• The split system 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 HVAC system market is segmented by type into split system, ductless system, and packaged system. Among these, the split system segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The split system segment dominates due to its flexibility, cost-effectiveness, and efficiency. These systems are easy to install and require less space compared to packaged or ducted systems, making them ideal for residential and small commercial buildings. They offer precise temperature control for individual rooms, reducing energy consumption and utility costs. Additionally, growing urbanization, rising demand for energy-efficient solutions, and the need for comfortable indoor environments are driving widespread adoption of split HVAC systems across Italy.

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

The Italy HVAC system market is segmented by equipment into heat pump, furnace, unitary heaters, boilers, air purifier, dehumidifier, air handling units, ventilation fans, air conditioning, chillers, cooling towers, and others. Among these, the air conditioning segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The air conditioning segment dominates due to growing demand for comfortable indoor environments in homes, offices, and commercial spaces. Rising summer temperatures and climate variability have increased the need for efficient cooling solutions. Additionally, advancements in energy-efficient and smart air conditioning systems make them more appealing to consumers. Urbanization and the expansion of commercial buildings further drive adoption. Compared to other HVAC equipment, air conditioners provide direct and immediate comfort, making them the most widely used and preferred segment.

• The residential 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 HVAC system market is segmented by end use into residential, commercial, and industrial. Among these, the residential segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The residential segment dominates because most HVAC installations occur in homes to ensure comfortable living environments. Rising urbanization, modernization of housing, and the increasing number of residential construction projects drive demand. Homeowners are also focusing on energy-efficient and smart HVAC solutions to reduce utility costs and improve indoor air quality. While commercial and industrial sectors are growing, the widespread adoption of split systems, air conditioners, and other residential HVAC equipment makes the residential segment the largest contributor to market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Italy HVAC system 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

• Carrier Corporation
• Daikin Industries Ltd.
• Midea Group Co., Ltd.
• Johnson Controls International PLC
• Robert Bosch GmbH
• LG Electronics Inc.
• Trane Technologies
• Mitsubishi Electric Hydronics & IT Cooling Systems Sp
• Danfoss Inc
• Others

Key Target Audience

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

Recent Developments

In 2024, LG launched its brand-new DUALCOOL residential air conditioner in Italy, featuring European-specific heating and cooling efficiencies

Market Segment

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

Italy HVAC System Market, By Type

• Split System
• Ductless System
• Packaged System

Italy HVAC System Market, By Equipment

• Heat Pump, Furnace
• Unitary Heaters
• Boilers
• Air Purifier
• Dehumidifier
• Air Handling Units
• Ventilation Fans
• Air Conditioning
• Chillers
• Cooling Towers
• Others

Italy HVAC System Market, By End Use

• Residential
• Commercial
• Industrial