Creating ideal indoor climates in LATAM with Polar Global Group and Polar Air

At a time when energy efficiency and sustainability are setting the pace of the industry, Polar Air is taking another step forward in its commitment to bringing the culture of water-based systems across the Atlantic.

Throughout the following months, we will carry out an internationalization plan within Latin America, supported by the XPANDE Program. The initiative focuses on Chile, Colombia, Costa Rica, and the Dominican Republic — four countries with different levels of maturity in hydronic systems — aiming to strengthen Polar Air’s presence and continue highlighting the value of hydronic technology.

The plan also seeks to promote a more technical and sustainable approach to indoor comfort while raising awareness of the role and importance of hydronic terminals within these systems. In doing so, Polar Air continues expanding its reach across Latin America.

Education, technical expertise and sustainable growth

In countries such as Colombia and Costa Rica, where Polar Air is already established, the challenge is not only to grow but also to help the market understand why hydronic systems represent a more efficient alternative to the dominant VRF technology. This approach contributes to the development of high-performance HVAC solutions in sectors such as hospitality, healthcare, and even residential projects. It also promotes the use of intra-building thermal district systems that enhance energy performance.

In Chile and the Dominican Republic, our goal is to open new opportunities in markets that already recognize the advantages of water-based systems. Consequently, Polar Air will work closely on local partnerships and collaborate on projects where comfort and sustainability go hand in hand.

Following our vision: “Creating ideal indoor climates”, our aim is to go beyond the product itself. We want to inspire a mindset shift, showing that comfort can align with sustainability and technical precision.

Polar Air seeks to work alongside engineers, architects, and designers in the creation of healthier, more efficient spaces across Latin America.

We believe the fan coil should no longer be seen as a simple commodity, but as the heart of the hydronic system. For us, fan coils are the only ‘bilingual’ component — the point where water and air meet to create comfort and respond precisely to what each space needs.

Gabriel García - Head of Business Development

Market signals for Latin America

The growth of the HVAC market in Latin America reflects an environment that is increasingly favorable for the transition toward more efficient and cleaner technologies. Industry data confirms that Latin America is steadily and confidently moving toward more sustainable construction practices, providing reassurance about the industry’s direction.

According to various studies, the total value of the HVAC systems market in Latin America was estimated at a substantial USD 6.52 billion in 2023, with projections reaching an even more significant USD 9.14 billion by 2030 ^[1]. This significant market value indicates the potential for substantial returns on investment.

Just in commercial applications alone, growth is expected to reach 39%, bringing this sector to an estimated USD 3.06 billion by 2030 ^{[2] [3]}.

Construction + sustainability = opportunities for water-based fan coils

The growth mentioned above is fueled by the rise of sustainable building, stricter regulations on HFC gases, and a growing concern for indoor air quality.

In Colombia, the licensed construction area grew by 16.9% year-on-year between January and May 2025, with a 12.3% increase in non-residential projects.
In Chile, while new construction fell by 5.6%, the industrial, commercial, and financial sectors expanded by 21.4%, driving stronger demand for efficient HVAC systems.
Meanwhile, Costa Rica and the Dominican Republic show contrasting figures between new builds and renovation projects, indicating a high share of retrofits in hotels, offices, and healthcare facilities.

At the same time, the LATAM market is experiencing an acceleration in energy-efficiency regulations and in green building certifications, such as LEED or EDGE, reflecting greater environmental awareness and the adoption of energy-performance standards.

According to Green Business Certification Inc., Latin America is one of the fastest-growing regions in sustainable construction, with Colombia, Chile, and Costa Rica ranking among the Top 10 countries leading this transformation. This trend reinforces the appeal of hydronic solutions for high-performance, sustainable HVAC projects across Latin America.

This shift is also evident in the water-based segment. As a complementary indicator, imports of fan coils and units without integrated refrigeration equipment (HS 8415.83) show a growing footprint across Latin America, reflecting increasing interest in hydronic HVAC systems:

Costa Rica: USD 14.5 million
Chile: USD 6.99 million
Dominican Republic: USD 0.13 million

In Colombia, this category remains limited, indicating both: significant growth potential and the need for further technical education about hydronic systems.

With these advancements, Polar Global continues to strengthen its reputation as a technical benchmark in hydronic climate control – combining innovation, customization, and engineering expertise to create ideal indoor climates in a region increasingly conscious of the value of sustainable comfort.

POLAR GLOBAL EUROPE HVAC SYSTEMS, S.L. has been a beneficiary of European Funds aimed at reinforcing the sustainable growth and competitiveness of SMEs.

With this support, the company has launched an Internationalization Plan to improve its competitive positioning abroad during 2025, in collaboration with the XPANDE Program of the Chamber of Commerce of Murcia.

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