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Global Hvac Market Bwc19280
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Global Hvac Market Bwc19280

Home Building And Construction Global Hvac Market Bwc19280

HVAC Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2030, Segmented By Type (Heating, Ventilation, Cooling); By End User (Commercial, Industrial, Residential); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published Date: April 2024
  • Report ID: BWC19280
  • Available Format: PDF
  • Page: 400

Report Overview

The rising construction activities and growing demand for indoor air quality are expected to boost the growth of the Global HVAC Market during the forecast period between 2024 and 2030.

Global HVAC Market - Industry Trends & Forecast Report, 2030

The Global HVAC Market size was estimated to be worth USD 164.21 billion in 2023. During the forecast period between 2024 and 2030, the Global HVAC Market size is projected to grow at a CAGR of 7.78%, reaching a value of USD 249.38 billion by 2030. Major growth factors for the Global HVAC Market include the rising construction of energy-efficient and sustainable buildings and dramatic climate changes. In addition, the increasing integration of advanced technologies, including IoT and artificial intelligence (AI), is anticipated to provide lucrative growth opportunities to the players in the Global HVAC Market during the forecast period.

Global HVAC Market

By volume, the Global HVAC Market size was estimated at 143.4 million units in 2023. During the forecast period between 2024 and 2030, the Global HVAC Market size is expected to expand at a CAGR of 8.01%, reaching a volume of 201.6 million units by 2030.

HVAC Market Demand

HVAC – Overview

Heating, ventilation, and air conditioning, or HVAC, is a system for maintaining and controlling the temperature, humidity, and air purity in a room or enclosed space. These systems are used in a wide range of commercial, residential, and industrial facilities, such as family homes, apartments, hotels, hospitals, trains, airplanes, and ships. Ventilation is an important aspect of HVAC as it helps in maintaining indoor air quality, which involves the removal of moisture, odors, smoke, and dust, temperature control, and oxygen replenishment.

Global HVAC Market

Growth Drivers

Rising Integration of Advanced Technologies

Artificial intelligence (AI) and the Internet of Things (IoT) are two cutting-edge technologies that HVAC market participants are progressively incorporating into these systems. HVAC original equipment manufacturers (OEMs) may now develop smart HVAC assets that can be remotely monitored and managed owing to IoT integration. Predictive algorithms leverage database information to facilitate IoT HVAC system control, monitoring, and support. In addition to offering ever-increasing convenience, IoT helps users save a considerable amount of energy. These benefits are anticipated to drive the Global HVAC Market during the forecast period.

Challenges

High Maintenance and Installation Costs of HVAC Systems

The installation of integrated systems is costly and complex, which restricts the market's growth. A/C systems include a heating system, water heater, circulation pump, boiler, and controls, among other components that raise maintenance costs and could cause leaks. The average cost of a heat pump ranges around USD 3,700 and USD 11,000 and central AC costs around USD 5,750. As a result of this extravagant cost, the HVAC system is still concentrated among consumers in higher income groups, which limits its market growth.

Impact of Escalating Geopolitical Tensions on Global HVAC Market

The geopolitical tensions are hindering the growth of the Global HVAC Market. Conflicts such as Russia’s invasion of Ukraine or intensifying tensions in Middle East directly affect the construction activities in these countries as well as in countries around them. For instance, Israel-Hamas war is also affecting the neighboring countries such as Lebanon as well as Iran. The geopolitical tensions directly affect the purchasing power of the consumers, which results in the direct and significant demand for non-priority goods and services, including HVAC systems.

Global HVAC Market

Segmental Coverage

Global HVAC Market – By Type

Based on type, the Global HVAC Market is segmented into heating, ventilation, and cooling. The heating type is sub-segmented into furnaces, heat pumps, and boilers. The ventilation segment is further classified into humidifiers/dehumidifiers, air cleaners, and ventilation fans. The cooling segment is further segmented into ducted split/packaged units, split units, and chillers and holds the highest share in the Global HVAC Market. The two primary factors driving the global market for HVAC systems have been rising temperatures and rising disposable income of consumers, particularly in middle-income and lower-income groups.

HVAC Market Share

Global HVAC Market – By End User

Based on end users, the Global HVAC Market is segmented into commercial, industrial, and residential. The commercial segment accounts for the largest market share. The growth of the segment is mainly attributed to The largest end-user segment is commercial, which is mostly driven by the growing global hospitality sector as well as the number of workplaces and new construction projects. Additionally, it is anticipated that government incentives and allowance programs designed to promote the use of energy-efficient equipment would bolster the growth of the HVAC industry. HVAC systems are also used in creative construction and remodeling of residential, commercial, or industrial structures.

Global HVAC Market – By Region

The in-depth research report on the Global HVAC Market covers a number of country-specific markets across five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. Asia Pacific dominates the Global HVAC Market owing to the rising construction activities in emerging economies, including India, China, and South Korea. The rising population in these countries also raises the need for building residential and commercial complexes to accommodate them, which is fueling the HVAC market in these regions. Furthermore, the launch of sustainable building projects, such as Gardens by the Bay in Singapore, further drives the HVAC market in the Asia Pacific region.

Competitive Landscape

Major players operating in the Global HVAC Market include Carrier Global Corporation, Daikin Industries Ltd, Fujitsu General Ltd, Gree Electric Appliances, Hitachi Ltd, Honeywell International Inc., Johnson Controls International PLC, Lennox International Inc., LG Electronics Inc, Mitsubishi Electric Corporation, Nortek Global HVAC LLC, Panasonic Corporation, Rheem Manufacturing Company, Robert Bosch GmbH, Samsung Electronics Co. Ltd, Siemens AG, Trane Technologies plc, and Vaillant Group.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In April 2024 – Coyote Country HVAC, an HVAC contractor based in the United States, announced its partnership with ClientSwing, an AI technology company, to enhance service quality.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Product/ Service Segmentation

Type, End User, Region

Key Players

Carrier Global Corporation, Daikin Industries Ltd, Fujitsu General Ltd, Gree Electric Appliances, Hitachi Ltd, Honeywell International Inc., Johnson Controls International PLC, Lennox International Inc., LG Electronics Inc, Mitsubishi Electric Corporation, Nortek Global HVAC LLC, Panasonic Corporation, Rheem Manufacturing Company, Robert Bosch GmbH, Samsung Electronics Co. Ltd, Siemens AG, Trane Technologies plc, Vaillant Group

 

By Type

  • Heating

  1. Furnaces

  2. Heat Pumps

  3. Boilers

  • Ventilation

  1. Humidifiers/Dehumidifiers

  2. Air Cleaners

  3. Ventilation Fans

  • Cooling

  1. Ducted Split/Packaged Unit

  2. Split Units

  3. Chillers

By End User

  • Commercial

  • Industrial

  • Residential

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America (LATAM)

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global HVAC Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Construction Activities
        2. Focus on Energy Efficiency
        3. Smart Building Trend
        4. Growing Demand for Indoor Air Quality
      2. Restraints
        1. High Installation and Maintenance Costs
        2. Fluctuating Raw Material Prices
        3. Skilled Labor Shortage
      3. Opportunities
        1. Technological Advancements
        2. Focus on Sustainability
        3. Emerging Economies
      4. Challenges
        1. Stringent Environmental Regulations
        2. Cybersecurity Threats
        3. Climate Change and Extreme Weather Events
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global HVAC Market: Marketing Strategies
  5. Global HVAC Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Type
        1. Heating
          1. Furnaces
          2. Heat Pumps
          3. Boilers
        2. Ventilation
          1. Humidifiers/Dehumidifiers
          2. Air Cleaners
          3. Ventilation Fans
        3. Cooling
          1. Ducted Split/Packaged Unit
          2. Split Units
          3. Chillers
      2. By End User
        1. Commercial
        2. Industrial
        3. Residential
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  6. North America HVAC Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. United States
          1. By Type
          2. By End User
        2. Canada
          1. By Type
          2. By End User
  7. Europe HVAC Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. Germany
          1. By Type
          2. By End User
        2. United Kingdom
          1. By Type
          2. By End User
        3. Italy
          1. By Type
          2. By End User
        4. France
          1. By Type
          2. By End User
        5. Spain
          1. By Type
          2. By End User
        6. Belgium
          1. By Type
          2. By End User
        7. Russia
          1. By Type
          2. By End User
        8. Rest of Europe
          1. By Type
          2. By End User
  8. Asia Pacific HVAC Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. China
          1. By Type
          2. By End User
        2. India
          1. By Type
          2. By End User
        3. Japan
          1. By Type
          2. By End User
        4. South Korea
          1. By Type
          2. By End User
        5. Australia & New Zealand
          1. By Type
          2. By End User
        6. Indonesia
          1. By Type
          2. By End User
        7. Malaysia
          1. By Type
          2. By End User
        8. Singapore
          1. By Type
          2. By End User
        9. Vietnam
          1. By Type
          2. By End User
        10. Rest of APAC
          1. By Type
          2. By End User
  9. Latin America HVAC Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. Brazil
          1. By Type
          2. By End User
        2. Mexico
          1. By Type
          2. By End User
        3. Argentina
          1. By Type
          2. By End User
        4. Peru
          1. By Type
          2. By End User
        5. Rest of LATAM
          1. By Type
          2. By End User
  10. Middle East and Africa HVAC Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. Saudi Arabia
          1. By Type
          2. By End User
        2. UAE
          1. By Type
          2. By End User
        3. Qatar
          1. By Type
          2. By End User
        4. Kuwait
          1. By Type
          2. By End User
        5. South Africa
          1. By Type
          2. By End User
        6. Nigeria
          1. By Type
          2. By End User
        7. Algeria
          1. By Type
          2. By End User
        8. Rest of MEA
          1. By Type
          2. By End User
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global HVAC Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Escalating Geopolitical Tension on Global HVAC Market
  13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Carrier Global Corporation
    2. Daikin Industries Ltd
    3. Fujitsu General Ltd
    4. Gree Electric Appliances
    5. Hitachi Ltd
    6. Honeywell International Inc.
    7. Johnson Controls International PLC
    8. Lennox International Inc.
    9. LG Electronics Inc
    10. Mitsubishi Electric Corporation
    11. Nortek Global HVAC LLC
    12. Panasonic Corporation
    13. Rheem Manufacturing Company
    14. Robert Bosch GmbH
    15. Samsung Electronics Co. Ltd
    16. Siemens AG
    17. Trane Technologies plc
    18. Vaillant Group
    19. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Global HVAC Market Segmentation

Figure 2       Global HVAC Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Global HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 5       Global HVAC Market Share, By Type, By Value, 2019−2030

Figure 6       Global HVAC Market Share, By End User, By Value, 2019−2030

Figure 7       Global HVAC Market Share, By Region, By Value, 2019−2030

Figure 8       North America HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 9       North America HVAC Market Share, By Type, By Value, 2019−2030

Figure 10     North America HVAC Market Share, By End User, By Value, 2019−2030

Figure 11     North America HVAC Market Share, By Country, By Value, 2019−2030

Figure 12     United States HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 13     United States HVAC Market Share, By Type, By Value, 2019−2030

Figure 14     United States HVAC Market Share, By End User, By Value, 2019−2030

Figure 15     Canada HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 16     Canada HVAC Market Share, By Type, By Value, 2019−2030

Figure 17     Canada HVAC Market Share, By End User, By Value, 2019−2030

Figure 18     Europe HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 19     Europe HVAC Market Share, By Type, By Value, 2019−2030

Figure 20     Europe HVAC Market Share, By End User, By Value, 2019−2030

Figure 21     Europe HVAC Market Share, By Country, By Value, 2019−2030

Figure 22     Germany HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 23     Germany HVAC Market Share, By Type, By Value, 2019−2030

Figure 24     Germany HVAC Market Share, By End User, By Value, 2019−2030

Figure 25     United Kingdom HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 26     United Kingdom HVAC Market Share, By Type, By Value, 2019−2030

Figure 27     United Kingdom HVAC Market Share, By End User, By Value, 2019−2030

Figure 28     Italy HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 29     Italy HVAC Market Share, By Type, By Value, 2019−2030

Figure 30     Italy HVAC Market Share, By End User, By Value, 2019−2030

Figure 31     France HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 32     France HVAC Market Share, By Type, By Value, 2019−2030

Figure 33     France HVAC Market Share, By End User, By Value, 2019−2030

Figure 34     Spain HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 35     Spain HVAC Market Share, By Type, By Value, 2019−2030

Figure 36     Spain HVAC Market Share, By End User, By Value, 2019−2030

Figure 37     Belgium HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 38     Belgium HVAC Market Share, By Type, By Value, 2019−2030

Figure 39     Belgium HVAC Market Share, By End User, By Value, 2019−2030

Figure 40     Rest of Europe HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 41     Rest of Europe HVAC Market Share, By Type, By Value, 2019−2030

Figure 42     Rest of Europe HVAC Market Share, By End User, By Value, 2019−2030

Figure 43     Asia Pacific HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 44     Asia Pacific HVAC Market Share, By Type, By Value, 2019−2030

Figure 45     Asia Pacific HVAC Market Share, By End User, By Value, 2019−2030

Figure 46     Asia Pacific HVAC Market Share, By Country, By Value, 2019−2030

Figure 47     China HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 48     China HVAC Market Share, By Type, By Value, 2019−2030

Figure 49     China HVAC Market Share, By End User, By Value, 2019−2030

Figure 50     India HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 51     India HVAC Market Share, By Type, By Value, 2019−2030

Figure 52     India HVAC Market Share, By End User, By Value, 2019−2030

Figure 53     Japan HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 54     Japan HVAC Market Share, By Type, By Value, 2019−2030

Figure 55     Japan HVAC Market Share, By End User, By Value, 2019−2030

Figure 56     South Korea HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 57     South Korea HVAC Market Share, By Type, By Value, 2019−2030

Figure 58     South Korea HVAC Market Share, By End User, By Value, 2019−2030

Figure 59     Australia & New Zealand HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 60     Australia & New Zealand HVAC Market Share, By Type, By Value, 2019−2030

Figure 61     Australia & New Zealand HVAC Market Share, By End User, By Value, 2019−2030

Figure 62     Indonesia HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 63     Indonesia HVAC Market Share, By Type, By Value, 2019−2030

Figure 64     Indonesia HVAC Market Share, By End User, By Value, 2019−2030

Figure 65     Malaysia HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 66     Malaysia HVAC Market Share, By Type, By Value, 2019−2030

Figure 67     Malaysia HVAC Market Share, By End User, By Value, 2019−2030

Figure 68     Singapore HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 69     Singapore HVAC Market Share, By Type, By Value, 2019−2030

Figure 70     Singapore HVAC Market Share, By End User, By Value, 2019−2030

Figure 71     Vietnam HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 72     Vietnam HVAC Market Share, By Type, By Value, 2019−2030

Figure 73     Vietnam HVAC Market Share, By End User, By Value, 2019−2030

Figure 74     Rest of APAC HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 75     Rest of APAC HVAC Market Share, By Type, By Value, 2019−2030

Figure 76     Rest of APAC HVAC Market Share, By End User, By Value, 2019−2030

Figure 77     Latin America HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 78     Latin America HVAC Market Share, By Type, By Value, 2019−2030

Figure 79     Latin America HVAC Market Share, By End User, By Value, 2019−2030

Figure 80     Latin America HVAC Market Share, By Country, By Value, 2019−2030

Figure 81     Brazil HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 82     Brazil HVAC Market Share, By Type, By Value, 2019−2030

Figure 83     Brazil HVAC Market Share, By End User, By Value, 2019−2030

Figure 84     Mexico HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 85     Mexico HVAC Market Share, By Type, By Value, 2019−2030

Figure 86     Mexico HVAC Market Share, By End User, By Value, 2019−2030

Figure 87     Argentina HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 88     Argentina HVAC Market Share, By Type, By Value, 2019−2030

Figure 89     Argentina HVAC Market Share, By End User, By Value, 2019−2030

Figure 90     Peru HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 91     Peru HVAC Market Share, By Type, By Value, 2019−2030

Figure 92     Peru HVAC Market Share, By End User, By Value, 2019−2030

Figure 93     Rest of LATAM HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 94     Rest of LATAM HVAC Market Share, By Type By Value, 2019−2030

Figure 95     Rest of LATAM HVAC Market Share, By End User, By Value, 2019−2030

Figure 96     Middle East and Africa HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 97     Middle East and Africa HVAC Market Share, By Type, By Value, 2019−2030

Figure 98     Middle East and Africa HVAC Market Share, By End User, By Value, 2019−2030

Figure 99     Middle East and Africa HVAC Market Share, By Country, By Value, 2019−2030

Figure 100   Saudi Arabia HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 101   Saudi Arabia HVAC Market Share, By Type, By Value, 2019−2030

Figure 102   Saudi Arabia HVAC Market Share, By End User, By Value, 2019−2030

Figure 103   UAE HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 104   UAE HVAC Market Share, By Type, By Value, 2019−2030

Figure 105   UAE HVAC Market Share, By End User, By Value, 2019−2030

Figure 106   Qatar HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 107   Qatar HVAC Market Share, By Type, By Value, 2019−2030

Figure 108   Qatar HVAC Market Share, By End User, By Value, 2019−2030

Figure 109   Kuwait HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 110   Kuwait HVAC Market Share, By Type, By Value, 2019−2030

Figure 111   Kuwait HVAC Market Share, By End User, By Value, 2019−2030

Figure 112   Iran HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 113   Iran HVAC Market Share, By Type, By Value, 2019−2030

Figure 114   Iran HVAC Market Share, By End User, By Value, 2019−2030

Figure 115   South Africa HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 116   South Africa HVAC Market Share, By Type, By Value, 2019−2030

Figure 117   South Africa HVAC Market Share, By End User, By Value, 2019−2030

Figure 118   Nigeria HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 119   Nigeria HVAC Market Share, By Type, By Value, 2019−2030

Figure 120   Nigeria HVAC Market Share, By End User, By Value, 2019−2030

Figure 121   Kenya HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 122   Kenya HVAC Market Share, By Type, By Value, 2019−2030

Figure 123   Kenya HVAC Market Share, By End User, By Value, 2019−2030

Figure 124   Egypt HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 125   Egypt HVAC Market Share, By Type, By Value, 2019−2030

Figure 126   Egypt HVAC Market Share, By End User, By Value, 2019−2030

Figure 127   Morocco HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 128   Morocco HVAC Market Share, By Type, By Value, 2019−2030

Figure 129   Morocco HVAC Market Share, By End User, By Value, 2019−2030

Figure 130   Algeria HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 131   Algeria HVAC Market Share, By Type, By Value, 2019−2030

Figure 132   Algeria HVAC Market Share, By End User, By Value, 2019−2030

Figure 133   Rest of MEA HVAC Market Size, By Value (USD Billion), 2019−2030

Figure 134   Rest of MEA HVAC Market Share, By Type, By Value, 2019−2030

Figure 135   Rest of MEA HVAC Market Share, By End User, By Value, 2019−2030

                                                                  

List of Tables

 

Table 1 Global HVAC Market Size, By Type, By Value, 2019−2030

Table 2 Global HVAC Market Size, By End User, By Value, 2019−2030

Table 3 Global HVAC Market Size, By Region, By Value, 2019−2030

Table 4 North America HVAC Market Size, By Type, By Value, 2019−2030

Table 5 North America HVAC Market Size, By End User, By Value, 2019−2030

Table 6 North America HVAC Market Size, By Country, By Value, 2019−2030

Table 7 United States HVAC Market Size, By Type, By Value, 2019−2030

Table 8 United States HVAC Market Size, By End User, By Value, 2019−2030

Table 9 Canada HVAC Market Size, By Type, By Value, 2019−2030

Table 10      Canada HVAC Market Size, By End User, By Value, 2019−2030

Table 11      Europe HVAC Market Size, By Type, By Value, 2019−2030

Table 12      Europe HVAC Market Size, By End User, By Value, 2019−2030

Table 13      Europe HVAC Market Size, By Country, By Value, 2019−2030

Table 14      Germany HVAC Market Size, By Type, By Value, 2019−2030

Table 15      Germany HVAC Market Size, By End User, By Value, 2019−2030

Table 16      United Kingdom HVAC Market Size, By Type, By Value, 2019−2030

Table 17      United Kingdom HVAC Market Size, By End User, By Value, 2019−2030

Table 18      Italy HVAC Market Size, By Type, By Value, 2019−2030

Table 19      Italy HVAC Market Size, By End User, By Value, 2019−2030

Table 20      France HVAC Market Size, By Type, By Value, 2019−2030

Table 21      France HVAC Market Size, By End User, By Value, 2019−2030

Table 22      Spain HVAC Market Size, By Type, By Value, 2019−2030

Table 23      Spain HVAC Market Size, By End User, By Value, 2019−2030

Table 24      Belgium HVAC Market Size, By Type, By Value, 2019−2030

Table 25      Belgium HVAC Market Size, By End User, By Value, 2019−2030

Table 26      Rest of Europe HVAC Market Size, By Type, By Value, 2019−2030

Table 27      Rest of Europe HVAC Market Size, By End User, By Value, 2019−2030

Table 28      Asia Pacific HVAC Market Size, By Type, By Value, 2019−2030

Table 29      Asia Pacific HVAC Market Size, By End User, By Value, 2019−2030

Table 30      Asia Pacific HVAC Market Size, By Country, By Value, 2019−2030

Table 31      China HVAC Market Size, By Type, By Value, 2019−2030

Table 32      China HVAC Market Size, By End User, By Value, 2019−2030

Table 33      India HVAC Market Size, By Type, By Value, 2019−2030

Table 34      India HVAC Market Size, By End User, By Value, 2019−2030

Table 35      Japan HVAC Market Size, By Type, By Value, 2019−2030

Table 36      Japan HVAC Market Size, By End User, By Value, 2019−2030

Table 37      South Korea HVAC Market Size, By Type, By Value, 2019−2030

Table 38      South Korea HVAC Market Size, By End User, By Value, 2019−2030

Table 39      Australia & New Zealand HVAC Market Size, By Type, By Value, 2019−2030

Table 40      Australia & New Zealand HVAC Market Size, By End User, By Value, 2019−2030

Table 41      Indonesia HVAC Market Size, By Type, By Value, 2019−2030

Table 42      Indonesia HVAC Market Size, By End User, By Value, 2019−2030

Table 43      Malaysia HVAC Market Size, By Type, By Value, 2019−2030

Table 44      Malaysia HVAC Market Size, By End User, By Value, 2019−2030

Table 45      Singapore HVAC Market Size, By Type, By Value, 2019−2030

Table 46      Singapore HVAC Market Size, By End User, By Value, 2019−2030

Table 47      Philippines HVAC Market Size, By Type, By Value, 2019−2030

Table 48      Philippines HVAC Market Size, By End User, By Value, 2019−2030

Table 49      Vietnam HVAC Market Size, By Type, By Value, 2019−2030

Table 50      Vietnam HVAC Market Size, By End User, By Value, 2019−2030

Table 51      Rest of APAC HVAC Market Size, By Type, By Value, 2019−2030

Table 52      Rest of APAC HVAC Market Size, By End User, By Value, 2019−2030

Table 53      Latin America HVAC Market Size, By Type, By Value, 2019−2030

Table 54      Latin America HVAC Market Size, By End User, By Value, 2019−2030

Table 55      Latin America HVAC Market Size, By Country, By Value, 2019−2030

Table 56      Brazil HVAC Market Size, By Type, By Value, 2019−2030

Table 57      Brazil HVAC Market Size, By End User, By Value, 2019−2030

Table 58      Mexico HVAC Market Size, By Type, By Value, 2019−2030

Table 59      Mexico HVAC Market Size, By End User, By Value, 2019−2030

Table 60      Argentina HVAC Market Size, By Type, By Value, 2019−2030

Table 61      Argentina HVAC Market Size, By End User, By Value, 2019−2030

Table 62      Peru HVAC Market Size, By Type, By Value, 2019−2030

Table 63      Peru HVAC Market Size, By End User, By Value, 2019−2030

Table 64      Rest of LATAM HVAC Market Size, By Type, By Value, 2019−2030

Table 65      Rest of LATAM HVAC Market Size, By End User, By Value, 2019−2030

Table 66      Middle East and Africa HVAC Market Size, By Type, By Value, 2019−2030

Table 67      Middle East and Africa HVAC Market Size, By Country, By Value, 2019−2030

Table 68      Saudi Arabia HVAC Market Size, By Type, By Value, 2019−2030

Table 69      Saudi Arabia HVAC Market Size, By End User, By Value, 2019−2030

Table 70      UAE HVAC Market Size, By Type, By Value, 2019−2030

Table 71      UAE HVAC Market Size, By End User, By Value, 2019−2030

Table 72      Qatar HVAC Market Size, By Type, By Value, 2019−2030

Table 73      Qatar HVAC Market Size, By End User, By Value, 2019−2030

Table 74      Kuwait HVAC Market Size, By Type, By Value, 2019−2030

Table 75      Kuwait HVAC Market Size, By End User, By Value, 2019−2030

Table 76      Iran HVAC Market Size, By Type, By Value, 2019−2030

Table 77      Iran HVAC Market Size, By End User, By Value, 2019−2030

Table 78      South Africa HVAC Market Size, By Type, By Value, 2019−2030

Table 79      South Africa HVAC Market Size, By End User, By Value, 2019−2030

Table 80      Nigeria HVAC Market Size, By Type, By Value, 2019−2030

Table 81      Nigeria HVAC Market Size, By End User, By Value, 2019−2030

Table 82      Kenya HVAC Market Size, By Type, By Value, 2019−2030

Table 83      Kenya HVAC Market Size, By End User, By Value, 2019−2030

Table 84      Egypt HVAC Market Size, By Type, By Value, 2019−2030

Table 85      Egypt HVAC Market Size, By End User, By Value, 2019−2030

Table 86      Morocco HVAC Market Size, By Type, By Value, 2019−2030

Table 87      Morocco HVAC Market Size, By End User, By Value, 2019−2030

Table 88      Algeria HVAC Market Size, By Type, By Value, 2019−2030

Table 89      Algeria HVAC Market Size, By End User, By Value, 2019−2030

Table 90      Rest of MEA HVAC Market Size, By Type, By Value, 2019−2030

Table 91      Rest of MEA HVAC Market Size, By End User, By Value, 2019−2030

Table 92      Carrier Global Corporation Company Overview

Table 93      Carrier Global Corporation Company Overview

Table 94      Daikin Industries Ltd Company Overview

Table 95      Daikin Industries Ltd Company Overview

Table 96      Fujitsu General Ltd Company Overview

Table 97      Fujitsu General Ltd Company Overview

Table 98      Gree Electric Appliances Company Overview

Table 99      Gree Electric Appliances Company Overview

Table 100    Hitachi Ltd Company Overview

Table 101    Hitachi Ltd Company Overview

Table 102    Honeywell International Inc. Company Overview

Table 103    Honeywell International Inc. Company Overview

Table 104    Johnson Controls International PLC Company Overview

Table 105    Johnson Controls International PLC Company Overview

Table 106    Lennox International Inc. Company Overview

Table 107    Lennox International Inc. Company Overview

Table 108    LG Electronics Inc Company Overview

Table 109    LG Electronics Inc Company Overview

Table 110    Mitsubishi Electric Corporation Company Overview

Table 111    Mitsubishi Electric Corporation Company Overview

Table 112    Nortek Global HVAC LLC Company Overview

Table 113    Nortek Global HVAC LLC Company Overview

Table 114    Panasonic Corporation Company Overview

Table 115    Panasonic Corporation Company Overview

Table 116    Rheem Manufacturing Company: Company Overview

Table 117    Rheem Manufacturing Company: Company Overview

Table 118    Robert Bosch GmbH Company Overview

Table 119    Robert Bosch GmbH Company Overview

Table 120    Samsung Electronics Co. Ltd Company Overview

Table 121    Samsung Electronics Co. Ltd Company Overview

Table 122    Siemens AG Company Overview

Table 123    Siemens AG Company Overview

Table 124    Trane Technologies plc Company Overview

Table 125    Trane Technologies plc Company Overview

Table 126    Vaillant Group Company Overview

Table 127    Vaillant Group Company Overview

Table 128    Other Prominent Players Company Overview

Table 129    Other Prominent Players Company Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The Global HVAC Market size was estimated at USD 164.21 billion in 2023.
Ans: The Global HVAC Market size is expected to grow at a CAGR of 7.78% during the forecast period between 2024 and 2030.
Ans: The Global HVAC Market size is forecast to reach a value of USD 249.38 billion by 2030.
Ans: Major factors driving the growth of the Global HVAC Market include rising construction activities and growing demand for indoor air quality.
Ans: Global HVAC Market size by volume was estimated at 143.4 million units in 2023.
Ans: By volume, Global HVAC Market size is expected to grow at a CAGR of 8.01% during the forecast period between 2024 and 2030.
Ans: Global HVAC Market size by volume is expected to reach 201.6 million units by 2030.
Ans: Asia Pacific is expected to grow at the fastest rate in the Global HVAC Market during the forecast period between 2024 and 2030.
Ans: The cooling segment is expected to grow at the highest CAGR in the Global HVAC Market during the forecast period between 2024 and 2030.
Ans: The commercial segment holds the highest market share in the Global HVAC Market by end user.
Ans: Key players in the Global HVAC Market include Carrier Global Corporation, Daikin Industries Ltd, Fujitsu General Ltd, Gree Electric Appliances, Hitachi Ltd, Honeywell International Inc., Johnson Controls International PLC, Lennox International Inc., LG Electronics Inc, Mitsubishi Electric Corporation, Nortek Global HVAC LLC, Panasonic Corporation, Rheem Manufacturing Company, Robert Bosch GmbH, Samsung Electronics Co. Ltd, Siemens AG, Trane Technologies plc, and Vaillant Group.