+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

HVAC Market 2025-2029

  • PDF Icon

    Report

  • 209 Pages
  • January 2025
  • Region: Global
  • TechNavio
  • ID: 5239211
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The hvac market is forecasted to grow by USD 90.5 billion during 2024-2029, accelerating at a CAGR of 7% during the forecast period. The report on the hvac market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing construction sector, rising preference for condensing boilers, and increasing refurbishment and replacement demand.

The hvac market is segmented as below:

By Type

  • HVAC equipment
  • HVAC services

By End-user

  • Non-residential
  • Residential

By Geographical Landscape

  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America

By Heating Equipment:

By Ventilation Equipment:

By Cooling Equipment:

This study identifies the rise in incorporation of building automation systems as one of the prime reasons driving the hvac market growth during the next few years. Also, increasing use of renewable energy sources for residential heating and growing adoption of smartphones for controlling hvac devices will lead to sizable demand in the market.

The report on the hvac market covers the following areas:

  • HVAC Market sizing
  • HVAC Market forecast
  • HVAC Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hvac market vendors that include ABM Industries Inc., Air Comfort, Alexander Mechanical Inc., Blue Star Ltd., Carrier Global Corp., Daikin Industries Ltd., EMCOR Group Inc., Emerson Electric Co., ENGIE SA, Ferguson plc, Fujitsu Ltd., Ingersoll Rand Inc., J and J Air Conditioning, Johnson Controls International Plc, Lennox International Inc., LG Corp., Nortek, Samsung Electronics Co. Ltd., Service Logic, and Siemens AG. Also, the hvac market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ billion)
Data Table on Global - Market size and forecast 2024-2029 ($ billion)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global HVAC Market 2019 - 2023
Historic Market Size - Data Table on Global HVAC Market 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
5.4 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.5 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI on the Global HVAC Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 HVAC equipment - Market size and forecast 2024-2029
Chart on HVAC equipment - Market size and forecast 2024-2029 ($ billion)
Data Table on HVAC equipment - Market size and forecast 2024-2029 ($ billion)
Chart on HVAC equipment - Year-over-year growth 2024-2029 (%)
Data Table on HVAC equipment - Year-over-year growth 2024-2029 (%)
8.4 HVAC services - Market size and forecast 2024-2029
Chart on HVAC services - Market size and forecast 2024-2029 ($ billion)
Data Table on HVAC services - Market size and forecast 2024-2029 ($ billion)
Chart on HVAC services - Year-over-year growth 2024-2029 (%)
Data Table on HVAC services - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Non-residential - Market size and forecast 2024-2029
Chart on Non-residential - Market size and forecast 2024-2029 ($ billion)
Data Table on Non-residential - Market size and forecast 2024-2029 ($ billion)
Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
9.4 Residential - Market size and forecast 2024-2029
Chart on Residential - Market size and forecast 2024-2029 ($ billion)
Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
Chart on Residential - Year-over-year growth 2024-2029 (%)
Data Table on Residential - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
10 Market Segmentation by Heating Equipment
10.1 Market segments
Chart on Heating Equipment - Market share (2024-2029) (%)
Data Table on Heating Equipment - Market share (2024-2029) (%)
10.2 Comparison by Heating Equipment
Chart on Comparison by Heating Equipment
Data Table on Comparison by Heating Equipment
10.3 Heat pumps - Market size and forecast (2024-2029)
Chart on Heat pumps - Market size and forecast (2024-2029) ($ million)
Data Table on Heat pumps - Market size and forecast (2024-2029) ($ million)
Chart on Heat pumps - Year-over-year growth (2024-2029) (%)
Data Table on Heat pumps - Year-over-year growth (2024-2029) (%)
10.4 Furnaces - Market size and forecast (2024-2029)
Chart on Furnaces - Market size and forecast (2024-2029) ($ million)
Data Table on Furnaces - Market size and forecast (2024-2029) ($ million)
Chart on Furnaces - Year-over-year growth (2024-2029) (%)
Data Table on Furnaces - Year-over-year growth (2024-2029) (%)
10.5 Unitary heaters - Market size and forecast (2024-2029)
Chart on Unitary heaters - Market size and forecast (2024-2029) ($ million)
Data Table on Unitary heaters - Market size and forecast (2024-2029) ($ million)
Chart on Unitary heaters - Year-over-year growth (2024-2029) (%)
Data Table on Unitary heaters - Year-over-year growth (2024-2029) (%)
10.6 Boilers - Market size and forecast (2024-2029)
Chart on Boilers - Market size and forecast (2024-2029) ($ million)
Data Table on Boilers - Market size and forecast (2024-2029) ($ million)
Chart on Boilers - Year-over-year growth (2024-2029) (%)
Data Table on Boilers - Year-over-year growth (2024-2029) (%)
10.7 Market opportunity by Heating Equipment
Market opportunity by $segment_name ($ million)
Data Table on Market opportunity by $segment_name ($ million)
11 Market Segmentation by Ventilation Equipment
11.1 Market segments
Chart on Ventilation Equipment - Market share (2024-2029) (%)
Data Table on Ventilation Equipment - Market share (2024-2029) (%)
11.2 Comparison by Ventilation Equipment
Chart on Comparison by Ventilation Equipment
Data Table on Comparison by Ventilation Equipment
11.3 Air handling units - Market size and forecast (2024-2029)
Chart on Air handling units - Market size and forecast (2024-2029) ($ million)
Data Table on Air handling units - Market size and forecast (2024-2029) ($ million)
Chart on Air handling units - Year-over-year growth (2024-2029) (%)
Data Table on Air handling units - Year-over-year growth (2024-2029) (%)
11.4 Air filters - Market size and forecast (2024-2029)
Chart on Air filters - Market size and forecast (2024-2029) ($ million)
Data Table on Air filters - Market size and forecast (2024-2029) ($ million)
Chart on Air filters - Year-over-year growth (2024-2029) (%)
Data Table on Air filters - Year-over-year growth (2024-2029) (%)
11.5 Dehumidifiers - Market size and forecast (2024-2029)
Chart on Dehumidifiers - Market size and forecast (2024-2029) ($ million)
Data Table on Dehumidifiers - Market size and forecast (2024-2029) ($ million)
Chart on Dehumidifiers - Year-over-year growth (2024-2029) (%)
Data Table on Dehumidifiers - Year-over-year growth (2024-2029) (%)
11.6 Ventilation fans - Market size and forecast (2024-2029)
Chart on Ventilation fans - Market size and forecast (2024-2029) ($ million)
Data Table on Ventilation fans - Market size and forecast (2024-2029) ($ million)
Chart on Ventilation fans - Year-over-year growth (2024-2029) (%)
Data Table on Ventilation fans - Year-over-year growth (2024-2029) (%)
11.7 Humidifiers - Market size and forecast (2024-2029)
Chart on Humidifiers - Market size and forecast (2024-2029) ($ million)
Data Table on Humidifiers - Market size and forecast (2024-2029) ($ million)
Chart on Humidifiers - Year-over-year growth (2024-2029) (%)
Data Table on Humidifiers - Year-over-year growth (2024-2029) (%)
11.8 Air purifiers - Market size and forecast (2024-2029)
Chart on Air purifiers - Market size and forecast (2024-2029) ($ million)
Data Table on Air purifiers - Market size and forecast (2024-2029) ($ million)
Chart on Air purifiers - Year-over-year growth (2024-2029) (%)
Data Table on Air purifiers - Year-over-year growth (2024-2029) (%)
11.9 Market opportunity by Ventilation Equipment
Market opportunity by $segment_name ($ million)
Data Table on Market opportunity by $segment_name ($ million)
12 Market Segmentation by Cooling Equipment
12.1 Market segments
Chart on Cooling Equipment - Market share (2024-2029) (%)
Data Table on Cooling Equipment - Market share (2024-2029) (%)
12.2 Comparison by Cooling Equipment
Chart on Comparison by Cooling Equipment
Data Table on Comparison by Cooling Equipment
12.3 Unitary air conditioners - Market size and forecast (2024-2029)
Chart on Unitary air conditioners - Market size and forecast (2024-2029) ($ million)
Data Table on Unitary air conditioners - Market size and forecast (2024-2029) ($ million)
Chart on Unitary air conditioners - Year-over-year growth (2024-2029) (%)
Data Table on Unitary air conditioners - Year-over-year growth (2024-2029) (%)
12.4 VRF systems - Market size and forecast (2024-2029)
Chart on VRF systems - Market size and forecast (2024-2029) ($ million)
Data Table on VRF systems - Market size and forecast (2024-2029) ($ million)
Chart on VRF systems - Year-over-year growth (2024-2029) (%)
Data Table on VRF systems - Year-over-year growth (2024-2029) (%)
12.5 Chillers - Market size and forecast (2024-2029)
Chart on Chillers - Market size and forecast (2024-2029) ($ million)
Data Table on Chillers - Market size and forecast (2024-2029) ($ million)
Chart on Chillers - Year-over-year growth (2024-2029) (%)
Data Table on Chillers - Year-over-year growth (2024-2029) (%)
12.6 Room air conditioners - Market size and forecast (2024-2029)
Chart on Room air conditioners - Market size and forecast (2024-2029) ($ million)
Data Table on Room air conditioners - Market size and forecast (2024-2029) ($ million)
Chart on Room air conditioners - Year-over-year growth (2024-2029) (%)
Data Table on Room air conditioners - Year-over-year growth (2024-2029) (%)
12.7 Coolers - Market size and forecast (2024-2029)
Chart on Coolers - Market size and forecast (2024-2029) ($ million)
Data Table on Coolers - Market size and forecast (2024-2029) ($ million)
Chart on Coolers - Year-over-year growth (2024-2029) (%)
Data Table on Coolers - Year-over-year growth (2024-2029) (%)
12.8 Cooling towers - Market size and forecast (2024-2029)
Chart on Cooling towers - Market size and forecast (2024-2029) ($ million)
Data Table on Cooling towers - Market size and forecast (2024-2029) ($ million)
Chart on Cooling towers - Year-over-year growth (2024-2029) (%)
Data Table on Cooling towers - Year-over-year growth (2024-2029) (%)
12.9 Market opportunity by Cooling Equipment
Market opportunity by $segment_name ($ million)
Data Table on Market opportunity by $segment_name ($ million)
13 Customer Landscape
13.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
14 Geographic Landscape
14.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
14.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
14.3 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
14.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
14.5 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ billion)
Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
14.6 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
14.7 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ billion)
Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
14.8 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ billion)
Data Table on China - Market size and forecast 2024-2029 ($ billion)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
14.9 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
14.10 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ billion)
Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
14.11 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ billion)
Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
14.12 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ billion)
Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
14.13 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ billion)
Data Table on France - Market size and forecast 2024-2029 ($ billion)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
14.14 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ billion)
Data Table on India - Market size and forecast 2024-2029 ($ billion)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
14.15 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
14.16 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ billion)
Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
14.17 Spain - Market size and forecast 2024-2029
Chart on Spain - Market size and forecast 2024-2029 ($ billion)
Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
Chart on Spain - Year-over-year growth 2024-2029 (%)
Data Table on Spain - Year-over-year growth 2024-2029 (%)
14.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
15 Drivers, Challenges, and Opportunity/Restraints
15.1 Market drivers
15.2 Market challenges
15.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
15.4 Market opportunities/restraints
16 Competitive Landscape
16.1 Overview
16.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
16.3 Landscape disruption
Overview on factors of disruption
16.4 Industry risks
Impact of key risks on business
17 Competitive Analysis
17.1 Companies profiled
Companies covered
17.2 Company ranking index
Company ranking index
17.3 Market positioning of companies
Matrix on companies position and classification
17.4 ABM Industries Inc.
ABM Industries Inc. - Overview
ABM Industries Inc. - Business segments
ABM Industries Inc. - Key offerings
ABM Industries Inc. - Segment focus
SWOT
17.5 Air Comfort
Air Comfort - Overview
Air Comfort - Product/Service
Air Comfort - Key offerings
SWOT
17.6 Alexander Mechanical Inc.
Alexander Mechanical Inc. - Overview
Alexander Mechanical Inc. - Product/Service
Alexander Mechanical Inc. - Key offerings
SWOT
17.7 Blue Star Ltd.
Blue Star Ltd. - Overview
Blue Star Ltd. - Business segments
Blue Star Ltd. - Key news
Blue Star Ltd. - Key offerings
Blue Star Ltd. - Segment focus
SWOT
17.8 Carrier Global Corp.
Carrier Global Corp. - Overview
Carrier Global Corp. - Business segments
Carrier Global Corp. - Key news
Carrier Global Corp. - Key offerings
Carrier Global Corp. - Segment focus
SWOT
17.9 Daikin Industries Ltd.
Daikin Industries Ltd. - Overview
Daikin Industries Ltd. - Business segments
Daikin Industries Ltd. - Key news
Daikin Industries Ltd. - Key offerings
Daikin Industries Ltd. - Segment focus
SWOT
17.10 Emerson Electric Co.
Emerson Electric Co. - Overview
Emerson Electric Co. - Business segments
Emerson Electric Co. - Key news
Emerson Electric Co. - Key offerings
Emerson Electric Co. - Segment focus
SWOT
17.11 ENGIE SA
ENGIE SA - Overview
ENGIE SA - Business segments
ENGIE SA - Key offerings
ENGIE SA - Segment focus
SWOT
17.12 Fujitsu Ltd.
Fujitsu Ltd. - Overview
Fujitsu Ltd. - Business segments
Fujitsu Ltd. - Key news
Fujitsu Ltd. - Key offerings
Fujitsu Ltd. - Segment focus
SWOT
17.13 Ingersoll Rand Inc.
Ingersoll Rand Inc. - Overview
Ingersoll Rand Inc. - Business segments
Ingersoll Rand Inc. - Key news
Ingersoll Rand Inc. - Key offerings
Ingersoll Rand Inc. - Segment focus
SWOT
17.14 J and J Air Conditioning
J and J Air Conditioning - Overview
J and J Air Conditioning - Product/Service
J and J Air Conditioning - Key offerings
SWOT
17.15 Johnson Controls International Plc
Johnson Controls International Plc - Overview
Johnson Controls International Plc - Business segments
Johnson Controls International Plc - Key news
Johnson Controls International Plc - Key offerings
Johnson Controls International Plc - Segment focus
SWOT
17.16 Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus
SWOT
17.17 Service Logic
Service Logic - Overview
Service Logic - Product/Service
Service Logic - Key offerings
SWOT
17.18 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
SWOT
18 Appendix
18.1 Scope of the report
18.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
18.3 Currency conversion rates for US$
Currency conversion rates for US$
18.4 Research methodology
Research methodology
18.5 Data procurement
Information sources
18.6 Data validation
Data validation
18.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
18.8 Data synthesis
Data synthesis
18.9 360 degree market analysis
360 degree market analysis
18.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 11: Overview on criticality of inputs and factors of differentiation
Exhibits 12: Overview on factors of disruption
Exhibits 13: Impact of drivers and challenges in 2024 and 2029
Exhibits 14: Parent Market
Exhibits 15: Data Table on - Parent Market
Exhibits 16: Market characteristics analysis
Exhibits 17: Value chain analysis
Exhibits 18: Offerings of companies included in the market definition
Exhibits 19: Market segments
Exhibits 20: Chart on Global - Market size and forecast 2024-2029 ($ billion)
Exhibits 21: Data Table on Global - Market size and forecast 2024-2029 ($ billion)
Exhibits 22: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 23: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Historic Market Size - Data Table on Global HVAC Market 2019 - 2023 ($ billion)
Exhibits 25: Historic Market Size - Type Segment 2019 - 2023 ($ billion)
Exhibits 26: Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
Exhibits 27: Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
Exhibits 28: Historic Market Size - Country Segment 2019 - 2023 ($ billion)
Exhibits 29: Five forces analysis - Comparison between 2024 and 2029
Exhibits 30: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 31: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 32: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 33: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 35: Chart on Market condition - Five forces 2024 and 2029
Exhibits 36: Chart on Type - Market share 2024-2029 (%)
Exhibits 37: Data Table on Type - Market share 2024-2029 (%)
Exhibits 38: Chart on Comparison by Type
Exhibits 39: Data Table on Comparison by Type
Exhibits 40: Chart on HVAC equipment - Market size and forecast 2024-2029 ($ billion)
Exhibits 41: Data Table on HVAC equipment - Market size and forecast 2024-2029 ($ billion)
Exhibits 42: Chart on HVAC equipment - Year-over-year growth 2024-2029 (%)
Exhibits 43: Data Table on HVAC equipment - Year-over-year growth 2024-2029 (%)
Exhibits 44: Chart on HVAC services - Market size and forecast 2024-2029 ($ billion)
Exhibits 45: Data Table on HVAC services - Market size and forecast 2024-2029 ($ billion)
Exhibits 46: Chart on HVAC services - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on HVAC services - Year-over-year growth 2024-2029 (%)
Exhibits 48: Market opportunity by Type ($ billion)
Exhibits 49: Data Table on Market opportunity by Type ($ billion)
Exhibits 50: Chart on End-user - Market share 2024-2029 (%)
Exhibits 51: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 52: Chart on Comparison by End-user
Exhibits 53: Data Table on Comparison by End-user
Exhibits 54: Chart on Non-residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 55: Data Table on Non-residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 56: Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits 57: Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits 58: Chart on Residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 59: Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 60: Chart on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 62: Market opportunity by End-user ($ billion)
Exhibits 63: Data Table on Market opportunity by End-user ($ billion)
Exhibits 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 65: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 66: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 67: Chart on Geographic comparison
Exhibits 68: Data Table on Geographic comparison
Exhibits 69: Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 70: Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 71: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 72: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 73: Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 74: Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 75: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 76: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 77: Chart on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 78: Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 79: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 80: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 81: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 82: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 83: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 84: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 85: Chart on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 86: Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 87: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 88: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 89: Chart on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 90: Data Table on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 91: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 92: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 93: Chart on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 94: Data Table on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 95: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 96: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 97: Chart on Japan - Market size and forecast 2024-2029 ($ billion)
Exhibits 98: Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
Exhibits 99: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 100: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 101: Chart on Germany - Market size and forecast 2024-2029 ($ billion)
Exhibits 102: Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
Exhibits 103: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 104: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 105: Chart on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 106: Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 107: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 108: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 109: Chart on France - Market size and forecast 2024-2029 ($ billion)
Exhibits 110: Data Table on France - Market size and forecast 2024-2029 ($ billion)
Exhibits 111: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 114: Data Table on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 115: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
Exhibits 118: Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
Exhibits 119: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on Italy - Market size and forecast 2024-2029 ($ billion)
Exhibits 122: Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
Exhibits 123: Chart on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Spain - Market size and forecast 2024-2029 ($ billion)
Exhibits 126: Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
Exhibits 127: Chart on Spain - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on

Executive Summary

The following companies are recognized as the key players in the global hvac market: ABM Industries Inc., Air Comfort, Alexander Mechanical Inc., Blue Star Ltd., Carrier Global Corp., Daikin Industries Ltd., EMCOR Group Inc., Emerson Electric Co., ENGIE SA, Ferguson plc, Fujitsu Ltd., Ingersoll Rand Inc., J and J Air Conditioning, Johnson Controls International Plc, Lennox International Inc., LG Corp., Nortek, Samsung Electronics Co. Ltd., Service Logic, and Siemens AG.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise in incorporation of building automation systems."

According to the report, one of the major drivers for this market is the growing construction sector.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABM Industries Inc.
  • Air Comfort
  • Alexander Mechanical Inc.
  • Blue Star Ltd.
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • EMCOR Group Inc.
  • Emerson Electric Co.
  • ENGIE SA
  • Ferguson plc
  • Fujitsu Ltd.
  • Ingersoll Rand Inc.
  • J and J Air Conditioning
  • Johnson Controls International Plc
  • Lennox International Inc.
  • LG Corp.
  • Nortek
  • Samsung Electronics Co. Ltd.
  • Service Logic
  • Siemens AG