Chiller Market Report — ITALY

After five years of continuous growth, from about €1 billion (about US$ 1.16 billion) in 2014 to about €1.63 billion (about US$ 1.90 billion) in 2019, the Italian air conditioning market registered a slowdown in 2020, mainly due to the impact of the pandemic. On a value basis, the market is estimated to have reached about €1.5 billion (about US$ 1.75 billion), showing a 7.7% decrease compared with 2019.