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Commercial HVAC Market 2025-2029

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    Report

  • 241 Pages
  • February 2025
  • Region: Global
  • TechNavio
  • ID: 5583778
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The commercial HVAC market is forecasted to grow by USD 28.8 million during 2024-2029, accelerating at a CAGR of 4.7% during the forecast period. The report on the commercial 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 rising number of data centers, growth in construction market, and rising need for regulatory compliance in HVAC equipment.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The commercial HVAC market is segmented as below:

By Application

  • Equipment
  • Services

By Type

  • Heat pump
  • Furnaces
  • Boilers
  • Unitary heaters

By Technology

  • Conventional HVAC systems
  • Smart HVAC systems

By Variant

  • Retrofit and replacement
  • New installation

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the emerging smart and connected HVAC as one of the prime reasons driving the commercial HVAC market growth during the next few years. Also, shift toward energy-efficient buildings/green buildings and growing adoption of advanced refrigerants in air conditioners will lead to sizable demand in the market.

The report on the commercial HVAC market covers the following areas:

  • Commercial HVAC Market sizing
  • Commercial HVAC Market forecast
  • Commercial 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 commercial HVAC market vendors that include Arkema, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International PLC, Lennox International Inc., LG Corp., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Nortek, Panasonic Holdings Corp., Rheem Manufacturing Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Trane Technologies PLC. Also, the commercial 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 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 Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Market Segmentation by Variant
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 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
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 Commercial HVAC Market 2019 - 2023
Historic Market Size - Data Table on Global Commercial HVAC Market 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Technology segment analysis 2019 - 2023
Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.5 Variant segment analysis 2019 - 2023
Historic Market Size - Variant Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI in global commercial 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 Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Equipment - Market size and forecast 2024-2029
Chart on Equipment - Market size and forecast 2024-2029 ($ million)
Data Table on Equipment - Market size and forecast 2024-2029 ($ million)
Chart on Equipment - Year-over-year growth 2024-2029 (%)
Data Table on Equipment - Year-over-year growth 2024-2029 (%)
8.4 Services - Market size and forecast 2024-2029
Chart on Services - Market size and forecast 2024-2029 ($ million)
Data Table on Services - Market size and forecast 2024-2029 ($ million)
Chart on Services - Year-over-year growth 2024-2029 (%)
Data Table on Services - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Heat pump - Market size and forecast 2024-2029
Chart on Heat pump - Market size and forecast 2024-2029 ($ million)
Data Table on Heat pump - Market size and forecast 2024-2029 ($ million)
Chart on Heat pump - Year-over-year growth 2024-2029 (%)
Data Table on Heat pump - Year-over-year growth 2024-2029 (%)
9.4 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 (%)
9.5 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 (%)
9.6 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 (%)
9.7 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
10 Market Segmentation by Technology
10.1 Market segments
Chart on Technology - Market share 2024-2029 (%)
Data Table on Technology - Market share 2024-2029 (%)
10.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
10.3 Conventional HVAC systems - Market size and forecast 2024-2029
Chart on Conventional HVAC systems - Market size and forecast 2024-2029 ($ million)
Data Table on Conventional HVAC systems - Market size and forecast 2024-2029 ($ million)
Chart on Conventional HVAC systems - Year-over-year growth 2024-2029 (%)
Data Table on Conventional HVAC systems - Year-over-year growth 2024-2029 (%)
10.4 Smart HVAC systems - Market size and forecast 2024-2029
Chart on Smart HVAC systems - Market size and forecast 2024-2029 ($ million)
Data Table on Smart HVAC systems - Market size and forecast 2024-2029 ($ million)
Chart on Smart HVAC systems - Year-over-year growth 2024-2029 (%)
Data Table on Smart HVAC systems - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
11 Market Segmentation by Variant
11.1 Market segments
Chart on Variant - Market share 2024-2029 (%)
Data Table on Variant - Market share 2024-2029 (%)
11.2 Comparison by Variant
Chart on Comparison by Variant
Data Table on Comparison by Variant
11.3 Retrofit and replacement - Market size and forecast 2024-2029
Chart on Retrofit and replacement - Market size and forecast 2024-2029 ($ million)
Data Table on Retrofit and replacement - Market size and forecast 2024-2029 ($ million)
Chart on Retrofit and replacement - Year-over-year growth 2024-2029 (%)
Data Table on Retrofit and replacement - Year-over-year growth 2024-2029 (%)
11.4 New installation - Market size and forecast 2024-2029
Chart on New installation - Market size and forecast 2024-2029 ($ million)
Data Table on New installation - Market size and forecast 2024-2029 ($ million)
Chart on New installation - Year-over-year growth 2024-2029 (%)
Data Table on New installation - Year-over-year growth 2024-2029 (%)
11.5 Market opportunity by Variant
Market opportunity by Variant ($ million)
Data Table on Market opportunity by Variant ($ million)
12 Customer Landscape
12.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
13.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
13.3 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.4 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
13.5 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
13.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
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 (%)
13.8 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
13.9 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
13.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.11 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.12 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
13.13 Brazil - Market size and forecast 2024-2029
Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Chart on Brazil - Year-over-year growth 2024-2029 (%)
Data Table on Brazil - Year-over-year growth 2024-2029 (%)
13.14 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
13.15 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.16 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
13.17 UAE - Market size and forecast 2024-2029
Chart on UAE - Market size and forecast 2024-2029 ($ million)
Data Table on UAE - Market size and forecast 2024-2029 ($ million)
Chart on UAE - Year-over-year growth 2024-2029 (%)
Data Table on UAE - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
14 Drivers, Challenges, and Opportunity/Restraints
14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints
15 Competitive Landscape
15.1 Overview
15.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
Overview on factors of disruption
15.4 Industry risks
Impact of key risks on business
16 Competitive Analysis
16.1 Companies profiled
Companies covered
16.2 Company ranking index
Company ranking index
16.3 Market positioning of companies
Matrix on companies position and classification
16.4 Arkema
Arkema - Overview
Arkema - Business segments
Arkema - Key news
Arkema - Key offerings
Arkema - Segment focus
SWOT
16.5 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
16.6 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
16.7 Danfoss AS
Danfoss AS - Overview
Danfoss AS - Product / Service
Danfoss AS - Key offerings
SWOT
16.8 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
16.9 Fujitsu Ltd.
Fujitsu Ltd. - Overview
Fujitsu Ltd. - Business segments
Fujitsu Ltd. - Key news
Fujitsu Ltd. - Key offerings
Fujitsu Ltd. - Segment focus
SWOT
16.10 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
SWOT
16.11 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
16.12 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
SWOT
16.13 LG Corp.
LG Corp. - Overview
LG Corp. - Product / Service
LG Corp. - Key offerings
SWOT
16.14 MIDEA Group Co. Ltd.
MIDEA Group Co. Ltd. - Overview
MIDEA Group Co. Ltd. - Product / Service
MIDEA Group Co. Ltd. - Key news
MIDEA Group Co. Ltd. - Key offerings
SWOT
16.15 Panasonic Holdings Corp.
Panasonic Holdings Corp. - Overview
Panasonic Holdings Corp. - Business segments
Panasonic Holdings Corp. - Key news
Panasonic Holdings Corp. - Key offerings
Panasonic Holdings Corp. - Segment focus
SWOT
16.16 Robert Bosch GmbH
Robert Bosch GmbH - Overview
Robert Bosch GmbH - Product / Service
Robert Bosch GmbH - Key news
Robert Bosch GmbH - Key offerings
SWOT
16.17 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
16.18 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
SWOT
17 Appendix
17.1 Scope of the report
17.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
17.3 Currency conversion rates for US$
Currency conversion rates for US$
17.4 Research methodology
Research methodology
17.5 Data procurement
Information sources
17.6 Data validation
Data validation
17.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
17.8 Data synthesis
Data synthesis
17.9 360 degree market analysis
360 degree market analysis
17.10 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 Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 8: Executive Summary - Chart on Market Segmentation by Variant
Exhibits 9: Executive Summary - Chart on Incremental Growth
Exhibits 10: Executive Summary - Data Table on Incremental Growth
Exhibits 11: Executive Summary - Chart on Company Market Positioning
Exhibits 12: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 13: Overview on criticality of inputs and factors of differentiation
Exhibits 14: Overview on factors of disruption
Exhibits 15: Impact of drivers and challenges in 2024 and 2029
Exhibits 16: Parent Market
Exhibits 17: Data Table on - Parent Market
Exhibits 18: Market characteristics analysis
Exhibits 19: Value chain analysis
Exhibits 20: Offerings of companies included in the market definition
Exhibits 21: Market segments
Exhibits 22: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 24: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 26: Historic Market Size - Data Table on Global Commercial HVAC Market 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Type Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Technology Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - Variant Segment 2019 - 2023 ($ million)
Exhibits 31: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 32: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 33: Five forces analysis - Comparison between 2024 and 2029
Exhibits 34: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 35: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 37: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 38: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 39: Chart on Market condition - Five forces 2024 and 2029
Exhibits 40: Chart on Application - Market share 2024-2029 (%)
Exhibits 41: Data Table on Application - Market share 2024-2029 (%)
Exhibits 42: Chart on Comparison by Application
Exhibits 43: Data Table on Comparison by Application
Exhibits 44: Chart on Equipment - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on Equipment - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on Equipment - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on Equipment - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Services - Market size and forecast 2024-2029 ($ million)
Exhibits 49: Data Table on Services - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Chart on Services - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Services - Year-over-year growth 2024-2029 (%)
Exhibits 52: Market opportunity by Application ($ million)
Exhibits 53: Data Table on Market opportunity by Application ($ million)
Exhibits 54: Chart on Type - Market share 2024-2029 (%)
Exhibits 55: Data Table on Type - Market share 2024-2029 (%)
Exhibits 56: Chart on Comparison by Type
Exhibits 57: Data Table on Comparison by Type
Exhibits 58: Chart on Heat pump - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Data Table on Heat pump - Market size and forecast 2024-2029 ($ million)
Exhibits 60: Chart on Heat pump - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on Heat pump - Year-over-year growth 2024-2029 (%)
Exhibits 62: Chart on Furnaces - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Data Table on Furnaces - Market size and forecast 2024-2029 ($ million)
Exhibits 64: Chart on Furnaces - Year-over-year growth 2024-2029 (%)
Exhibits 65: Data Table on Furnaces - Year-over-year growth 2024-2029 (%)
Exhibits 66: Chart on Boilers - Market size and forecast 2024-2029 ($ million)
Exhibits 67: Data Table on Boilers - Market size and forecast 2024-2029 ($ million)
Exhibits 68: Chart on Boilers - Year-over-year growth 2024-2029 (%)
Exhibits 69: Data Table on Boilers - Year-over-year growth 2024-2029 (%)
Exhibits 70: Chart on Unitary heaters - Market size and forecast 2024-2029 ($ million)
Exhibits 71: Data Table on Unitary heaters - Market size and forecast 2024-2029 ($ million)
Exhibits 72: Chart on Unitary heaters - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Unitary heaters - Year-over-year growth 2024-2029 (%)
Exhibits 74: Market opportunity by Type ($ million)
Exhibits 75: Data Table on Market opportunity by Type ($ million)
Exhibits 76: Chart on Technology - Market share 2024-2029 (%)
Exhibits 77: Data Table on Technology - Market share 2024-2029 (%)
Exhibits 78: Chart on Comparison by Technology
Exhibits 79: Data Table on Comparison by Technology
Exhibits 80: Chart on Conventional HVAC systems - Market size and forecast 2024-2029 ($ million)
Exhibits 81: Data Table on Conventional HVAC systems - Market size and forecast 2024-2029 ($ million)
Exhibits 82: Chart on Conventional HVAC systems - Year-over-year growth 2024-2029 (%)
Exhibits 83: Data Table on Conventional HVAC systems - Year-over-year growth 2024-2029 (%)
Exhibits 84: Chart on Smart HVAC systems - Market size and forecast 2024-2029 ($ million)
Exhibits 85: Data Table on Smart HVAC systems - Market size and forecast 2024-2029 ($ million)
Exhibits 86: Chart on Smart HVAC systems - Year-over-year growth 2024-2029 (%)
Exhibits 87: Data Table on Smart HVAC systems - Year-over-year growth 2024-2029 (%)
Exhibits 88: Market opportunity by Technology ($ million)
Exhibits 89: Data Table on Market opportunity by Technology ($ million)
Exhibits 90: Chart on Variant - Market share 2024-2029 (%)
Exhibits 91: Data Table on Variant - Market share 2024-2029 (%)
Exhibits 92: Chart on Comparison by Variant
Exhibits 93: Data Table on Comparison by Variant
Exhibits 94: Chart on Retrofit and replacement - Market size and forecast 2024-2029 ($ million)
Exhibits 95: Data Table on Retrofit and replacement - Market size and forecast 2024-2029 ($ million)
Exhibits 96: Chart on Retrofit and replacement - Year-over-year growth 2024-2029 (%)
Exhibits 97: Data Table on Retrofit and replacement - Year-over-year growth 2024-2029 (%)
Exhibits 98: Chart on New installation - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Data Table on New installation - Market size and forecast 2024-2029 ($ million)
Exhibits 100: Chart on New installation - Year-over-year growth 2024-2029 (%)
Exhibits 101: Data Table on New installation - Year-over-year growth 2024-2029 (%)
Exhibits 102: Market opportunity by Variant ($ million)
Exhibits 103: Data Table on Market opportunity by Variant ($ million)
Exhibits 104: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 105: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 106: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 107: Chart on Geographic comparison
Exhibits 108: Data Table on Geographic comparison
Exhibits 109: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 110: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 111: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 114: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 115: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on Brazil - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on Brazil - Year-over-year growth 2024-2029 (%)
Exhibits 153: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 154: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 155: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 156: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 157: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 158: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 159: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 160: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 161: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 162: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 163: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 164: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 165: Chart on UAE - Market size and forecast 2024-2029 ($ million)
Exhibits 166: Data Table on UAE - Market size and forecast 2024-2029 ($ million)
Exhibits 167: Chart on UAE - Year-over-year growth 2024-2029 (%)
Exhibits 168: Data Table on UAE - Year-over-year growth 2024-2029 (%)
Exhibits 169: Market opportunity By Geographical Landscape ($ million)
Exhibits 170: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 171: Impact of drivers and challenges in 2024 and 2029
Exhibits 172: Overview on criticality of inputs and factors of differentiation
Exhibits 173: Overview on factors of disruption
Exhibits 174: Impact of key risks on business
Exhibits 175: Companies covered
Exhibits 176: Company ranking index
Exhibits 177: Matrix on companies position and classification
Exhibits 178: Arkema - Overview
Exhibits 179: Arkema - Business segments
Exhibits 180: Arkema - Key news
Exhibits 181: Arkema - Key offerings
Exhibits 182: Arkema - Segment focus
Exhibits 183: SWOT
Exhibits 184: Carrier Global Corp. - Overview

Executive Summary

The following companies are recognized as the key players in the global commercial hvac market: Arkema, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Corp., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Nortek, Panasonic Holdings Corp., Rheem Manufacturing Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Trane Technologies plc.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emerging smart and connected hvac."

According to the report, one of the major drivers for this market is the rising number of data centers.

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:

  • Arkema
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • Danfoss AS
  • Emerson Electric Co.
  • Fujitsu Ltd.
  • Gree Electric Appliances Inc. of Zhuhai
  • Haier Smart Home Co. Ltd.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Lennox International Inc.
  • LG Corp.
  • MIDEA Group Co. Ltd.
  • Mitsubishi Electric Corp.
  • Nortek
  • Panasonic Holdings Corp.
  • Rheem Manufacturing Co.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Trane Technologies plc