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FR FR-D353 | Industry Report

Steam & Air Conditioning Supply in France Industry Data and Analysis

II
IBISWorld
Analyst London, United Kingdom June 2025

The Steam & Air Conditioning Supply industry constitutes an important sub-section of France’s energy sector, accounting for a growing share of overall energy supply in recent years. Natural gas is a key input for heating and cooling networks, leaving companies exposed to fluctuations in natural gas prices. Policy support from the French government has also helped to shape the industry in recent years, with increased emphasis placed on district heating and cooling networks powered by renewables and recovered energies as part of France’s decarbonisation drive.Revenue is forecast to increase at a compound annual rate of 6.8% over the five years through 2025, reaching €11.2 billion. After declining during the height of the pandemic, a surge in natural gas prices added to operating costs in the second half of 2021. This led to an increase in prices charged by heat network operators, contributing to strong revenue growth during the year. A renewed spike in natural gas prices led to exceptional revenue growth in 2022, as companies of heat networks powered by natural gas sought to protect profitability by raising prices. Revenue has since come down in line with a gradual normalisation in global energy markets, which has moderated natural gas prices. Nonetheless, prices remain above pre-energy crisis levels, ensuring revenue remains elevated. Simultaneously, the focus on integrating renewable sources into heating and cooling networks has accelerated, resulting in sustained expansion in the number of heat networks operating in France. Revenue is set to rise by 5.8% in 2025.Over the five years through 2030, revenue is slated to expand at a compound annual rate of 2.3%, reaching €12.6 billion. Growth is anticipated to be underpinned by expansion in the number of heating and cooling networks which integrate renewables and recovered energies. This is set to gradually decouple the link between fossil fuel prices and operating costs, supporting more stable returns.

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What's included in this industry analysis

IBISWorld's research coverage on the Steam & Air Conditioning Supply industry in France includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.

About this industry

What's this industry report about?

The Steam & Air Conditioning Supply industry in France operates under the industry code FR-D353. Companies in this industry produce and distribute heated or chilled water and air that is used for heating or cooling, energy generation and other purposes. The industry includes district heating and cooling producers as well as network operators. Related terms covered in the Steam & Air Conditioning Supply industry in France include data centre, geothermal and decarbonisation.

What's included in this industry?

Products and services covered in Steam & Air Conditioning Supply industry in France include Natural gas heated air and water, Renewably heated air and water and Heat generated by hard coal and lignite .

What companies are included in this industry?

Companies covered in the Steam & Air Conditioning Supply industry in France include Dalkia SA, Engie Energie Services SA and E.ON Business Solutions SAS.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Steam & Air Conditioning Supply industry in France.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Steam & Air Conditioning Supply industry in France.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Steam & Air Conditioning Supply industry in France.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Steam & Air Conditioning Supply industry in France. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Steam & Air Conditioning Supply industry in France. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Steam & Air Conditioning Supply industry in France. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Steam & Air Conditioning Supply industry in France. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Steam & Air Conditioning Supply industry in France.

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Frequently Asked Questions

What is the market size of the Steam & Air Conditioning Supply industry in France in 2026?

The market size of the Steam & Air Conditioning Supply industry in France is €11.2bn in 2026.

How many businesses are there in the Steam & Air Conditioning Supply industry in France in 2025?

There are 148 businesses in the Steam & Air Conditioning Supply industry in France, which has declined at a CAGR of 4.2 % between 2020 and 2025.

Has the Steam & Air Conditioning Supply industry in France grown or declined over the past 5 years?

The market size of the Steam & Air Conditioning Supply industry in France has been growing at a CAGR of 6.8 % between 2020 and 2025.

What is the forecast growth of the Steam & Air Conditioning Supply industry in France over the next 5 years?

Over the next five years, the Steam & Air Conditioning Supply industry in France is expected to grow.

What are the biggest companies in the Steam & Air Conditioning Supply industry in France?

The biggest companies operating in the Steam & Air Conditioning Supply industry in France are Dalkia SA, Engie Energie Services SA and E.ON Business Solutions SAS

What does the Steam & Air Conditioning Supply industry in France include?

Natural gas heated air and water and Renewably heated air and water are part of the Steam & Air Conditioning Supply industry in France.

Which companies have the highest market share in the Steam & Air Conditioning Supply industry in France?

The company holding the most market share in the Steam & Air Conditioning Supply industry in France is Dalkia SA.

How competitive is the Steam & Air Conditioning Supply industry in France?

The level of competition is low and steady in the Steam & Air Conditioning Supply industry in France.

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