HVAC equipment manufacturers and suppliers in SEE
The European heating, ventilation and air conditioning (HVAC) equipment market can generally be divided into three segments by types of equipment: Ventilation Equipment, Heating Equipment, and Air Conditioning Equipment. These types are utilized by either residential, commercial, or industrial end-users.
The spiraling energy costs and obligatory compliance with energy efficiency standards, combined with the consideration of human health in regard to air quality, are some of several factors that are boosting the European HVAC electric drives sector in particular. Additionally, certain regional trends also affect the market potential, for example infrastructural growth in Eastern Europe is actively reinforcing the development of the HVAC sector in that region.
Penetration into the regional Eastern European markets is viewed as a strategic response to challenges such as the often very high cost of implementing electric drives for low-range HVAC applications. In order to reduce production outlays and at the same time cater to the increased needs of countries in the region, drives manufacturers are massively shifting their production bases to Eastern Europe, writes the market research company Frost & Sullivan in their report "Electric Drives Market in European HVAC Industry".
Other factors that are pulling HVAC manufacturers to this region are large investments being made in as infrastructure, as well as expansion of industrial and production bases and other discrete industries, of which HVAC drives are an integral part.
European HVAC Market outlook
One of the most prominent trends in the European HVAC market is the increased use of renewable energy sources and green technology. Increased investment made by the major EU countries in clean energy projects is expected to contribute to the revenue of the HVAC Equipment market in Europe.
Increased vendor competition is one of the major challenges in the market. There are many local and regional HVAC equipment suppliers in Europe offering HVAC equipment at a relatively low rate compared with the large players. This is affecting the profit margins of local and regional vendors.
In recent years, Eastern Europe has become especially strong in the areas of production and use of air-handling units, adiabatic coolers, and heat recovery systems, placing some of the top spots in the Eurovent Market Intelligence (EMI) statistics collection on the HVAC&R industry.
LATEST issue 4/2022
From 6 to 11 March 2023, the Taipei Nangang International Exhibition Center and the Taipei World Trade Center will host the Taiwan International Machine Tool Show (TIMTOS). The latest issue of SEEIM 4/2022 covers the leading highlights of the upcoming event...
TaipeiPLAS 2022, held by TAITRA and TAMI in conjunction with ShoeTech Taipei, attracted over 12 500 on-site and offline visitors from more than 40 countries/regions. A detailed report of the event you will find here...
MTU Maintenance Serbia officially opened its new facility in Nova Pazova near Belgrade. The company is a fully owned subsidiary of MTU, a leading engine manufacturer and one of the world’s largest providers of aircraft engine maintenance services...
PepsiCo, Inc. is investing USD 100 million into its facility in Popesti-Leordeni, Romania. The expansion project will improve three production lines and add an automated warehouse, in addition to other automation capabilities. Read more in the latest issue 4/2022...
Annual statistics for the European pulp and paper industry, published by the European association representing the paper industry (Cepi), show that like other sectors, in 2021 pulp and paper showed signs of a strong post-Covid recovery. What is the situation in Romania? Learn the answer here...
The chemical industry has a long tradition and an experienced and well-educated work force in Croatia. Chemicals and pharmaceuticals, together with plastics and rubber processing are an integral part of the Croatian economy. Read more in the latest issue 4/2022...