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Global Heating, Ventilation and Air Conditioning (HVAC) Aftermarket Market 2024-2028

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    Report

  • 182 Pages
  • May 2024
  • Region: Global
  • TechNavio
  • ID: 5309557
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The heating, ventilation and air conditioning (hvac) aftermarket market is forecasted to grow by USD 39.64 billion during 2023-2028, accelerating at a CAGR of 8.57% during the forecast period. The report on the heating, ventilation and air conditioning (hvac) aftermarket 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 robust growth of construction industry, growing industrialization in developing economies, and long life of hvac systems.

The heating, ventilation and air conditioning (hvac) aftermarket market is segmented as below:

By Product

  • Air conditioning equipment
  • Heating equipment
  • Ventilation equipment

By End-user

  • Non-residential
  • Residential

By Geography

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the adoption of cogeneration equipment as one of the prime reasons driving the heating, ventilation and air conditioning (hvac) aftermarket market growth during the next few years. Also, predictive maintenance and increasing automation and specific focus of vendors on non-residential sectors will lead to sizable demand in the market.

The report on the heating, ventilation and air conditioning (hvac) aftermarket market covers the following areas:

  • Heating, ventilation and air conditioning (hvac) aftermarket market sizing
  • Heating, ventilation and air conditioning (hvac) aftermarket market forecast
  • Heating, ventilation and air conditioning (hvac) aftermarket market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heating, ventilation and air conditioning (hvac) aftermarket market vendors that include Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Electrolux AB, Emerson Electric Co., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Hitachi Ltd., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MIDEA Group Co. Ltd., Nortek, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, Swegon Group AB, Trane Technologies Plc, and Vaillant GmbH. Also, the heating, ventilation and air conditioning (hvac) aftermarket 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 research - both primary and secondary. 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 the 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 Product
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 Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Heating, Ventilation And Air Conditioning (HVAC) Aftermarket Market 2018 - 2022
Historic Market Size - Data Table on Global Heating, Ventilation And Air Conditioning (HVAC) Aftermarket Market 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Air conditioning equipment - Market size and forecast 2023-2028
Chart on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Data Table on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Chart on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
Data Table on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
6.4 Heating equipment - Market size and forecast 2023-2028
Chart on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Data Table on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Chart on Heating equipment - Year-over-year growth 2023-2028 (%)
Data Table on Heating equipment - Year-over-year growth 2023-2028 (%)
6.5 Ventilation equipment - Market size and forecast 2023-2028
Chart on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Data Table on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Chart on Ventilation equipment - Year-over-year growth 2023-2028 (%)
Data Table on Ventilation equipment - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Non-residential - Market size and forecast 2023-2028
Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
7.4 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ billion)
Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ billion)
Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ billion)
Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
Overview on factors of disruption
11.4 Industry risks
Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
Companies covered
12.2 Market positioning of companies
Matrix on companies position and classification
12.3 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
12.4 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
12.5 Electrolux AB
Electrolux AB - Overview
Electrolux AB - Business segments
Electrolux AB - Key news
Electrolux AB - Key offerings
Electrolux AB - Segment focus
12.6 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
12.7 Fujitsu Ltd.
Fujitsu Ltd. - Overview
Fujitsu Ltd. - Business segments
Fujitsu Ltd. - Key news
Fujitsu Ltd. - Key offerings
Fujitsu Ltd. - Segment focus
12.8 Haier Smart Home Co. Ltd.
Haier Smart Home Co. Ltd. - Overview
Haier Smart Home Co. Ltd. - Business segments
Haier Smart Home Co. Ltd. - Key offerings
Haier Smart Home Co. Ltd. - Segment focus
12.9 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
12.10 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
12.11 Lennox International Inc.
Lennox International Inc. - Overview
Lennox International Inc. - Business segments
Lennox International Inc. - Key news
Lennox International Inc. - Key offerings
Lennox International Inc. - Segment focus
12.12 LG Electronics Inc.
LG Electronics Inc. - Overview
LG Electronics Inc. - Product / Service
LG Electronics Inc. - Key news
LG Electronics Inc. - Key offerings
12.13 Nortek
Nortek - Overview
Nortek - Product / Service
Nortek - Key offerings
12.14 Robert Bosch GmbH
Robert Bosch GmbH - Overview
Robert Bosch GmbH - Product / Service
Robert Bosch GmbH - Key news
Robert Bosch GmbH - Key offerings
12.15 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
12.16 Trane Technologies Plc
Trane Technologies Plc - Overview
Trane Technologies Plc - Business segments
Trane Technologies Plc - Key news
Trane Technologies Plc - Key offerings
Trane Technologies Plc - Segment focus
12.17 Vaillant GmbH
Vaillant GmbH - Overview
Vaillant GmbH - Product / Service
Vaillant GmbH - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
13.3 Currency conversion rates for US$
Currency conversion rates for US$
13.4 Research methodology
Research methodology
13.5 Data procurement
Information sources
13.6 Data validation
Data validation
13.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
13.8 Data synthesis
Data synthesis
13.9 360 degree market analysis
360 degree market analysis
13.10 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 Product
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: Parent Market
Exhibits 11: Data Table on - Parent Market
Exhibits 12: Market characteristics analysis
Exhibits 13: Value Chain Analysis
Exhibits 14: Offerings of companies included in the market definition
Exhibits 15: Market segments
Exhibits 16: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 17: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 18: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 20: Historic Market Size - Data Table on Global Heating, Ventilation And Air Conditioning (HVAC) Aftermarket Market 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits 22: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits 23: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 24: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits 25: Five forces analysis - Comparison between 2023 and 2028
Exhibits 26: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 27: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 31: Chart on Market condition - Five forces 2023 and 2028
Exhibits 32: Chart on Product - Market share 2023-2028 (%)
Exhibits 33: Data Table on Product - Market share 2023-2028 (%)
Exhibits 34: Chart on Comparison by Product
Exhibits 35: Data Table on Comparison by Product
Exhibits 36: Chart on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Data Table on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits 38: Chart on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
Exhibits 39: Data Table on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
Exhibits 40: Chart on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits 41: Data Table on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits 42: Chart on Heating equipment - Year-over-year growth 2023-2028 (%)
Exhibits 43: Data Table on Heating equipment - Year-over-year growth 2023-2028 (%)
Exhibits 44: Chart on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits 45: Data Table on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits 46: Chart on Ventilation equipment - Year-over-year growth 2023-2028 (%)
Exhibits 47: Data Table on Ventilation equipment - Year-over-year growth 2023-2028 (%)
Exhibits 48: Market opportunity by Product ($ billion)
Exhibits 49: Data Table on Market opportunity by Product ($ billion)
Exhibits 50: Chart on End-user - Market share 2023-2028 (%)
Exhibits 51: Data Table on End-user - Market share 2023-2028 (%)
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 2023-2028 ($ billion)
Exhibits 55: Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 56: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits 57: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits 58: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 59: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 60: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 61: Data Table on Residential - Year-over-year growth 2023-2028 (%)
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 2023-2028 (%)
Exhibits 66: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 67: Chart on Geographic comparison
Exhibits 68: Data Table on Geographic comparison
Exhibits 69: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 70: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 71: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 74: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 75: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 78: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 79: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 82: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 83: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 86: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 87: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 90: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 91: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 93: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 94: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 95: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 96: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 97: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 98: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 99: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 100: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 101: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 102: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 103: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 104: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 105: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 106: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 107: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 108: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 109: Market opportunity By Geographical Landscape ($ billion)
Exhibits 110: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 111: Impact of drivers and challenges in 2023 and 2028
Exhibits 112: Overview on criticality of inputs and factors of differentiation
Exhibits 113: Overview on factors of disruption
Exhibits 114: Impact of key risks on business
Exhibits 115: Companies covered
Exhibits 116: Matrix on companies position and classification
Exhibits 117: Carrier Global Corp. - Overview
Exhibits 118: Carrier Global Corp. - Business segments
Exhibits 119: Carrier Global Corp. - Key news
Exhibits 120: Carrier Global Corp. - Key offerings
Exhibits 121: Carrier Global Corp. - Segment focus
Exhibits 122: Daikin Industries Ltd. - Overview
Exhibits 123: Daikin Industries Ltd. - Business segments
Exhibits 124: Daikin Industries Ltd. - Key news
Exhibits 125: Daikin Industries Ltd. - Key offerings
Exhibits 126: Daikin Industries Ltd. - Segment focus
Exhibits 127: Electrolux AB - Overview
Exhibits 128: Electrolux AB - Business segments
Exhibits 129: Electrolux AB - Key news
Exhibits 130: Electrolux AB - Key offerings
Exhibits 131: Electrolux AB - Segment focus
Exhibits 132: Emerson Electric Co. - Overview
Exhibits 133: Emerson Electric Co. - Business segments
Exhibits 134: Emerson Electric Co. - Key news
Exhibits 135: Emerson Electric Co. - Key offerings
Exhibits 136: Emerson Electric Co. - Segment focus
Exhibits 137: Fujitsu Ltd. - Overview
Exhibits 138: Fujitsu Ltd. - Business segments
Exhibits 139: Fujitsu Ltd. - Key news
Exhibits 140: Fujitsu Ltd. - Key offerings
Exhibits 141: Fujitsu Ltd. - Segment focus
Exhibits 142: Haier Smart Home Co. Ltd. - Overview
Exhibits 143: Haier Smart Home Co. Ltd. - Business segments
Exhibits 144: Haier Smart Home Co. Ltd. - Key offerings
Exhibits 145: Haier Smart Home Co. Ltd. - Segment focus
Exhibits 146: Hitachi Ltd. - Overview
Exhibits 147: Hitachi Ltd. - Business segments
Exhibits 148: Hitachi Ltd. - Key news
Exhibits 149: Hitachi Ltd. - Key offerings
Exhibits 150: Hitachi Ltd. - Segment focus
Exhibits 151: Johnson Controls International Plc. - Overview
Exhibits 152: Johnson Controls International Plc. - Business segments
Exhibits 153: Johnson Controls International Plc. - Key news
Exhibits 154: Johnson Controls International Plc. - Key offerings
Exhibits 155: Johnson Controls International Plc. - Segment focus
Exhibits 156: Lennox International Inc. - Overview
Exhibits 157: Lennox International Inc. - Business segments
Exhibits 158: Lennox International Inc. - Key news
Exhibits 159: Lennox International Inc. - Key offerings
Exhibits 160: Lennox International Inc. - Segment focus
Exhibits 161: LG Electronics Inc. - Overview
Exhibits 162: LG Electronics Inc. - Product / Service
Exhibits 163: LG Electronics Inc. - Key news
Exhibits 164: LG Electronics Inc. - Key offerings
Exhibits 165: Nortek - Overview
Exhibits 166: Nortek - Product / Service
Exhibits 167: Nortek - Key offerings
Exhibits 168: Robert Bosch GmbH - Overview
Exhibits 169: Robert Bosch GmbH - Product / Service
Exhibits 170: Robert Bosch GmbH - Key news
Exhibits 171: Robert Bosch GmbH - Key offerings
Exhibits 172: Samsung Electronics Co. Ltd. - Overview
Exhibits 173: Samsung Electronics Co. Ltd. - Business segments
Exhibits 174: Samsung Electronics Co. Ltd. - Key news
Exhibits 175: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 176: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 177: Trane Technologies Plc - Overview
Exhibits 178: Trane Technologies Plc - Business segments
Exhibits 179: Trane Technologies Plc - Key news
Exhibits 180: Trane Technologies Plc - Key offerings
Exhibits 181: Trane Technologies Plc - Segment focus
Exhibits 182: Vaillant GmbH - Overview
Exhibits 183: Vaillant GmbH - Product / Service
Exhibits 184: Vaillant GmbH - Key offerings
Exhibits 185: Inclusions checklist
Exhibits 186: Exclusions checklist
Exhibits 187: Currency conversion rates for US$
Exhibits 188: Research methodology
Exhibits 189: Information sources
Exhibits 190: Data validation
Exhibits 191: Validation techniques employed for market sizing
Exhibits 192: Data synthesis
Exhibits 193: 360 degree market analysis
Exhibits 194: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global heating, ventilation and air conditioning (hvac) aftermarket market: Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Electrolux AB, Emerson Electric Co., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Hitachi Ltd., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MIDEA Group Co. Ltd., Nortek, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, Swegon Group AB, Trane Technologies Plc, and Vaillant GmbH.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is adoption of cogeneration equipment."

According to the report, one of the major drivers for this market is the robust growth of construction industry.

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:

  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • Danfoss AS
  • Electrolux AB
  • Emerson Electric Co.
  • Fujitsu Ltd.
  • Gree Electric Appliances Inc. of Zhuhai
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • Johnson Controls International Plc.
  • Lennox International Inc.
  • LG Electronics Inc.
  • MIDEA Group Co. Ltd.
  • Nortek
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Siemens AG
  • Swegon Group AB
  • Trane Technologies Plc
  • Vaillant GmbH