| Product Code: ETC10610242 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Belgium continued to see a steady flow of HVAC equipment imports, with top suppliers including Germany, Czechia, Netherlands, China, and Metropolitan France. The market remained relatively competitive with low concentration levels indicated by the HHI. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 reflects a positive trend at 6.26%. This suggests a stable demand for HVAC equipment in Belgium, supported by diverse import sources and a moderate growth trajectory.
ventilation
and air conditioning equipment market

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Industry Life Cycle |
3.4 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Porter's Five Forces |
3.5 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC systems due to rising environmental concerns and government regulations. |
4.2.2 Growing construction activities in Belgium, leading to higher demand for HVAC systems in residential, commercial, and industrial sectors. |
4.2.3 Technological advancements in HVAC systems, such as smart thermostats and energy management systems, driving market growth. |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing energy-efficient HVAC systems may hinder market adoption. |
4.3.2 Fluctuating raw material prices impacting the overall cost of HVAC equipment production. |
4.3.3 Slowdown in the construction sector or economic instability affecting the demand for HVAC systems. |
5 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Trends |
6 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Types |
6.1 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Equipment Type, 2021 - 2031F |
6.1.3 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Heating Units, 2021 - 2031F |
6.1.4 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Ventilation Units, 2021 - 2031F |
6.1.5 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Conditioning Units, 2021 - 2031F |
6.1.6 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Purification Units, 2021 - 2031F |
6.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Geothermal Systems, 2021 - 2031F |
6.2.3 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Solar HVAC Systems, 2021 - 2031F |
6.2.4 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By VRF Systems, 2021 - 2031F |
6.2.5 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Hybrid HVAC Systems, 2021 - 2031F |
6.3 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.3 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Import-Export Trade Statistics |
7.1 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Export to Major Countries |
7.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Imports from Major Countries |
8 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC systems installed in Belgium. |
8.2 Number of new construction permits issued in Belgium. |
8.3 Adoption rate of smart HVAC technologies in residential and commercial buildings. |
8.4 Government incentives or subsidies provided for energy-efficient HVAC installations. |
8.5 Percentage of HVAC system replacements in existing buildings for upgrading to more energy-efficient models. |
9 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Opportunity Assessment |
9.1 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Competitive Landscape |
10.1 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenue Share, By Companies, 2024 |
10.2 Belgium HVAC Heating, Ventilation, and Air Conditioning Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |