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HVAC Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023-2031

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    Report

  • 115 Pages
  • October 2023
  • Region: Global
  • Acute Market Reports
  • ID: 5908524
Description Jump to:
The HVAC (Heating, Ventilation, and Air Conditioning) systems market is a vital component of modern infrastructure, ensuring comfort and air quality in residential, commercial, and industrial spaces. The HVAC systems market is expected to grow at a CAGR of 6.5% during the forecast period of 2023 to 2031. The HVAC systems market is driven by increasing demand for energy-efficient solutions, urbanization, and technological advancements. While the high initial cost remains a challenge, the market is poised for growth, with VRF systems and retrofit projects leading in terms of CAGR. The Asia-Pacific region is expected to play a significant role in the market's expansion. Leading companies are focusing on innovation, global expansion, sustainability, and digitalization to maintain their competitive edge in this dynamic industry.

Rising Demand for Energy-Efficient Solutions

One of the primary drivers of the HVAC systems market is the increasing demand for energy-efficient solutions. As global awareness of climate change and energy conservation grows, there is a heightened emphasis on reducing energy consumption in buildings. Evidence of this trend can be observed in the implementation of stringent energy efficiency regulations and building codes worldwide. Consequently, HVAC systems equipped with advanced technologies, such as variable-speed compressors and smart controls, are gaining popularity for their ability to reduce energy consumption while maintaining indoor comfort.

Urbanization and Infrastructure Development

The ongoing trend of urbanization and infrastructure development, particularly in emerging economies, is driving the HVAC market. Rapid urbanization leads to the construction of new residential and commercial buildings, as well as the retrofitting of existing structures. These developments require efficient HVAC systems to ensure occupant comfort and productivity. Evidence of this growth can be seen in the increasing number of construction projects in urban centers and the integration of HVAC systems into smart city infrastructure.

Technological Advancements in HVAC Systems

Advancements in HVAC technology are revolutionizing the industry. Cutting-edge innovations include the integration of Internet of Things (IoT) sensors and artificial intelligence (AI) for predictive maintenance and autonomous control of HVAC systems. Evidence of this progress can be observed in the development of self-learning HVAC algorithms that optimize energy usage based on real-time data and occupant behavior. As technology continues to evolve, HVAC systems are becoming more efficient, sustainable, and user-friendly.

Restraint of the HVAC Systems Market

While the HVAC systems market presents significant growth opportunities, a significant restraint is the high initial cost of advanced HVAC solutions. Evidence of this challenge can be observed in the reluctance of some building owners and developers to invest in premium HVAC systems due to budget constraints. The upfront costs for energy-efficient and technologically advanced HVAC systems can be substantial. To address this restraint, stakeholders must emphasize the long-term cost savings and return on investment offered by these systems, as well as explore financing options and incentives to make advanced HVAC solutions more accessible.

Market Segmentation by Cooling Equipment (Unitary Air Conditioners, VRF Systems, Chillers, Room Air Conditioners, Coolers, Cooling Towers): Chillers Dominate the Market

In 2022, the highest revenue within the HVAC systems market was generated by chillers, reflecting their widespread use in commercial and industrial applications. However, during the forecast period from 2023 to 2031, variable refrigerant flow (VRF) systems are expected to exhibit the highest compound annual growth rate (CAGR). This growth is driven by their energy-efficient and flexible design, making them ideal for both new construction and retrofit projects.

Market Segmentation by Implementation Type (New Construction, Retrofit): new construction projects Dominate the Market

In 2022, new construction projects accounted for the highest revenue within the HVAC systems market, given the demand for HVAC systems in newly developed buildings. However, during the forecast period from 2023 to 2031, retrofit projects are expected to experience the highest CAGR. This shift is attributed to the increasing need to upgrade existing buildings with energy-efficient HVAC systems to meet sustainability goals and comply with stricter environmental regulations.

North America Remains as the Global Leader

Geographically, the HVAC systems market displays diverse trends. North America and Europe have traditionally held significant revenue shares due to their mature markets and stringent energy efficiency regulations. However, the Asia-Pacific region is expected to demonstrate the highest CAGR during the forecast period. This growth is driven by factors such as rapid urbanization, infrastructure development, and increasing awareness of energy conservation. The region with the highest revenue percentage in 2022 was North America, reflecting its established HVAC market. However, the Asia-Pacific region is poised to surpass North America in terms of CAGR. As urban populations expand and demand for energy-efficient solutions rises, the Asia-Pacific region presents substantial growth opportunities for HVAC systems.

Market Competition to Intensify during the Forecast Period

The HVAC systems market is highly competitive, with several key players striving to innovate and maintain their market positions. Leading companies, including Daikin Industries, Ltd., Carrier Global Corporation, Emerson Electric Co., Hitachi Ltd., Johnson Controls International plc, Lennox International, Inc. and Trane Technologies plc, employ various strategies to stay competitive in the market. Leading companies are investing in research and development to introduce innovative HVAC products that prioritize energy efficiency, sustainability, and user comfort. These innovations include smart HVAC systems, modular designs, and low-GWP (Global Warming Potential) refrigerants. Companies are expanding their global footprint through mergers, acquisitions, and partnerships to gain access to new markets and customers. This strategy allows them to diversify their customer base and strengthen their supply chain capabilities. Companies are increasingly focusing on sustainability by offering eco-friendly HVAC solutions and adopting green practices in manufacturing and operations. Sustainability efforts align with global environmental goals and appeal to environmentally conscious customers. Leading players are integrating digital technologies and IoT capabilities into their HVAC systems. This enables remote monitoring, predictive maintenance, and real-time data analytics to enhance system performance and reduce downtime.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

  • The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofHVAC Systems market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the HVAC Systems market and their expected impact during the forecast period.
  • The market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Cooling Equipment

  • Unitary Air Conditioners
  • Variable Refrigerant Flow Systems (VRF)
  • Chillers
  • Room Air Conditioners
  • Coolers
  • Cooling Towers

Heating Equipment

  • Heat Pumps
  • Furnaces
  • Unitary Heaters
  • Boilers

Ventilation Equipment

  • Air-handling Units (AHUs)
  • Air Filters
  • Dehumidifiers
  • Ventilation Fans
  • Humidifiers
  • Air Purifiers

Implementation Type

  • New construction
  • Retrofit

Application

  • Residential
  • Commercial
  • Industrial

Region Segment (2021-2031; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key Questions Answered in this Report

  • What are the key micro and macro environmental factors that are impacting the growth of HVAC Systems market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the HVAC Systems market?
  • Which is the largest regional market for HVAC Systems market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving HVAC Systems market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the HVAC Systems market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global HVAC Systems Market
2.2. Global HVAC Systems Market, By Cooling Equipment, 2022 (US$ Million)
2.3. Global HVAC Systems Market, By Heating Equipment, 2022 (US$ Million)
2.4. Global HVAC Systems Market, By Ventilation Equipment, 2022 (US$ Million)
2.5. Global HVAC Systems Market, By Implementation Type, 2022 (US$ Million)
2.6. Global HVAC Systems Market, By Application, 2022 (US$ Million)
2.7. Global HVAC Systems Market, By Geography, 2022 (US$ Million)
2.8. Attractive Investment Proposition by Geography, 2022
3. HVAC Systems Market: Competitive Analysis
3.1. Market Positioning of Key HVAC Systems Market Vendors
3.2. Strategies Adopted by HVAC Systems Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031
4. HVAC Systems Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global HVAC Systems Market Value, 2021-2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
4.6. Porter's Five Force Model
4.6.1. Supplier Power
4.6.2. Buyer Power
4.6.3. Threat Of Substitutes
4.6.4. Threat Of New Entrants
4.6.5. Competitive Rivalry
4.7. PESTEL Analysis
4.7.1. Political Landscape
4.7.2. Economic Landscape
4.7.3. Technology Landscape
4.7.4. Legal Landscape
4.7.5. Social Landscape
5. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Unitary Air Conditioners
5.3.2. Variable Refrigerant Flow Systems (VRF)
5.3.3. Chillers
5.3.4. Room Air Conditioners
5.3.5. Coolers
5.3.6. Cooling Towers
6. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
6.3.1. Heat Pumps
6.3.2. Furnaces
6.3.3. Unitary Heaters
6.3.4. Boilers
7. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Growth & Revenue Analysis: 2022 Versus 2031
7.3. Market Segmentation
7.3.1. Air-handling Units (AHUs)
7.3.2. Air Filters
7.3.3. Dehumidifiers
7.3.4. Ventilation Fans
7.3.5. Humidifiers
7.3.6. Air Purifiers
8. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Growth & Revenue Analysis: 2022 Versus 2031
8.3. Market Segmentation
8.3.1. New construction
8.3.2. Retrofit
9. HVAC Systems Market: By Application, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Growth & Revenue Analysis: 2022 Versus 2031
9.3. Market Segmentation
9.3.1. Residential
9.3.2. Commercial
9.3.3. Industrial
10. North America HVAC Systems Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
10.3. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
10.4. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
10.5. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
10.6. HVAC Systems Market: By Application, 2021-2031, USD (Million)
10.7. HVAC Systems Market: By Region, 2021-2031, USD (Million)
10.7.1. North America
10.7.1.1. U.S.
10.7.1.1.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
10.7.1.1.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
10.7.1.1.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
10.7.1.1.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
10.7.1.1.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
10.7.1.2. Canada
10.7.1.2.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
10.7.1.2.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
10.7.1.2.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
10.7.1.2.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
10.7.1.2.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
10.7.1.3. Rest of North America
10.7.1.3.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
10.7.1.3.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
10.7.1.3.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
10.7.1.3.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
10.7.1.3.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
11. UK and European Union HVAC Systems Market, 2021-2031, USD (Million)
11.1. Market Overview
11.2. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
11.3. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
11.4. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
11.5. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
11.6. HVAC Systems Market: By Application, 2021-2031, USD (Million)
11.7. HVAC Systems Market: By Region, 2021-2031, USD (Million)
11.7.1. UK and European Union
11.7.1.1. UK
11.7.1.1.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
11.7.1.1.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
11.7.1.1.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
11.7.1.1.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
11.7.1.1.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
11.7.1.2. Germany
11.7.1.2.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
11.7.1.2.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
11.7.1.2.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
11.7.1.2.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
11.7.1.2.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
11.7.1.3. Spain
11.7.1.3.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
11.7.1.3.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
11.7.1.3.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
11.7.1.3.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
11.7.1.3.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
11.7.1.4. Italy
11.7.1.4.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
11.7.1.4.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
11.7.1.4.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
11.7.1.4.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
11.7.1.4.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
11.7.1.5. France
11.7.1.5.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
11.7.1.5.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
11.7.1.5.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
11.7.1.5.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
11.7.1.5.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
11.7.1.6. Rest of Europe
11.7.1.6.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
11.7.1.6.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
11.7.1.6.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
11.7.1.6.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
11.7.1.6.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
12. Asia Pacific HVAC Systems Market, 2021-2031, USD (Million)
12.1. Market Overview
12.2. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
12.3. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
12.4. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
12.5. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
12.6. HVAC Systems Market: By Application, 2021-2031, USD (Million)
12.7. HVAC Systems Market: By Region, 2021-2031, USD (Million)
12.7.1. Asia Pacific
12.7.1.1. China
12.7.1.1.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
12.7.1.1.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
12.7.1.1.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
12.7.1.1.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
12.7.1.1.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
12.7.1.2. Japan
12.7.1.2.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
12.7.1.2.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
12.7.1.2.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
12.7.1.2.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
12.7.1.2.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
12.7.1.3. India
12.7.1.3.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
12.7.1.3.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
12.7.1.3.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
12.7.1.3.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
12.7.1.3.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
12.7.1.4. Australia
12.7.1.4.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
12.7.1.4.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
12.7.1.4.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
12.7.1.4.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
12.7.1.4.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
12.7.1.5. South Korea
12.7.1.5.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
12.7.1.5.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
12.7.1.5.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
12.7.1.5.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
12.7.1.5.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
12.7.1.6. Rest of Asia Pacific
12.7.1.6.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
12.7.1.6.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
12.7.1.6.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
12.7.1.6.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
12.7.1.6.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
13. Latin America HVAC Systems Market, 2021-2031, USD (Million)
13.1. Market Overview
13.2. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
13.3. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
13.4. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
13.5. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
13.6. HVAC Systems Market: By Application, 2021-2031, USD (Million)
13.7. HVAC Systems Market: By Region, 2021-2031, USD (Million)
13.7.1. Latin America
13.7.1.1. Brazil
13.7.1.1.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
13.7.1.1.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
13.7.1.1.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
13.7.1.1.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
13.7.1.1.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
13.7.1.2. Mexico
13.7.1.2.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
13.7.1.2.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
13.7.1.2.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
13.7.1.2.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
13.7.1.2.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
13.7.1.3. Rest of Latin America
13.7.1.3.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
13.7.1.3.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
13.7.1.3.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
13.7.1.3.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
13.7.1.3.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
14. Middle East and Africa HVAC Systems Market, 2021-2031, USD (Million)
14.1. Market Overview
14.2. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
14.3. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
14.4. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
14.5. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
14.6. HVAC Systems Market: By Application, 2021-2031, USD (Million)
14.7. HVAC Systems Market: By Region, 2021-2031, USD (Million)
14.7.1. Middle East and Africa
14.7.1.1. GCC
14.7.1.1.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
14.7.1.1.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
14.7.1.1.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
14.7.1.1.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
14.7.1.1.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
14.7.1.2. Africa
14.7.1.2.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
14.7.1.2.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
14.7.1.2.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
14.7.1.2.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
14.7.1.2.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
14.7.1.3. Rest of Middle East and Africa
14.7.1.3.1. HVAC Systems Market: By Cooling Equipment, 2021-2031, USD (Million)
14.7.1.3.2. HVAC Systems Market: By Heating Equipment, 2021-2031, USD (Million)
14.7.1.3.3. HVAC Systems Market: By Ventilation Equipment, 2021-2031, USD (Million)
14.7.1.3.4. HVAC Systems Market: By Implementation Type, 2021-2031, USD (Million)
14.7.1.3.5. HVAC Systems Market: By Application, 2021-2031, USD (Million)
15. Company Profiles
15.1. Daikin Industries, Ltd.
15.1.1. Company Overview
15.1.2. Financial Performance
15.1.3. Product Portfolio
15.1.4. Strategic Initiatives
15.2. Carrier Global Corporation
15.2.1. Company Overview
15.2.2. Financial Performance
15.2.3. Product Portfolio
15.2.4. Strategic Initiatives
15.3. Emerson Electric Co.
15.3.1. Company Overview
15.3.2. Financial Performance
15.3.3. Product Portfolio
15.3.4. Strategic Initiatives
15.4. Hitachi Ltd.
15.4.1. Company Overview
15.4.2. Financial Performance
15.4.3. Product Portfolio
15.4.4. Strategic Initiatives
15.5. Johnson Controls International plc
15.5.1. Company Overview
15.5.2. Financial Performance
15.5.3. Product Portfolio
15.5.4. Strategic Initiatives
15.6. Lennox International, Inc.
15.6.1. Company Overview
15.6.2. Financial Performance
15.6.3. Product Portfolio
15.6.4. Strategic Initiatives
15.7. Trane Technologies plc
15.7.1. Company Overview
15.7.2. Financial Performance
15.7.3. Product Portfolio
15.7.4. Strategic Initiatives
15.8. Other Notable Players
15.8.1. Company Overview
15.8.2. Financial Performance
15.8.3. Product Portfolio
15.8.4. Strategic Initiatives
List of Figures
Figure 1 Global HVAC Systems Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global HVAC Systems Market: Quality Assurance
Figure 5 Global HVAC Systems Market, By Cooling Equipment, 2022
Figure 6 Global HVAC Systems Market, By Heating Equipment, 2022
Figure 7 Global HVAC Systems Market, By Ventilation Equipment, 2022
Figure 8 Global HVAC Systems Market, By Implementation Type, 2022
Figure 9 Global HVAC Systems Market, By Application, 2022
Figure 10 Global HVAC Systems Market, By Geography, 2022
Figure 11 Market Geographical Opportunity Matrix - Global HVAC Systems Market, 2022
Figure 12 Market Positioning of Key HVAC Systems Market Players, 2022
Figure 13 Global HVAC Systems Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
Figure 14 Global HVAC Systems Market, By Cooling Equipment, 2022 Vs 2031, %
Figure 15 Global HVAC Systems Market, By Heating Equipment, 2022 Vs 2031, %
Figure 16 Global HVAC Systems Market, By Ventilation Equipment, 2022 Vs 2031, %
Figure 17 Global HVAC Systems Market, By Implementation Type, 2022 Vs 2031, %
Figure 18 Global HVAC Systems Market, By Application, 2022 Vs 2031, %
Figure 19 U.S. HVAC Systems Market (US$ Million), 2021-2031
Figure 20 Canada HVAC Systems Market (US$ Million), 2021-2031
Figure 21 Rest of North America HVAC Systems Market (US$ Million), 2021-2031
Figure 22 UK HVAC Systems Market (US$ Million), 2021-2031
Figure 23 Germany HVAC Systems Market (US$ Million), 2021-2031
Figure 24 Spain HVAC Systems Market (US$ Million), 2021-2031
Figure 25 Italy HVAC Systems Market (US$ Million), 2021-2031
Figure 26 France HVAC Systems Market (US$ Million), 2021-2031
Figure 27 Rest of Europe HVAC Systems Market (US$ Million), 2021-2031
Figure 28 China HVAC Systems Market (US$ Million), 2021-2031
Figure 29 Japan HVAC Systems Market (US$ Million), 2021-2031
Figure 30 India HVAC Systems Market (US$ Million), 2021-2031
Figure 31 Australia HVAC Systems Market (US$ Million), 2021-2031
Figure 32 South Korea HVAC Systems Market (US$ Million), 2021-2031
Figure 33 Rest of Asia HVAC Systems Market (US$ Million), 2021-2031
Figure 34 Brazil HVAC Systems Market (US$ Million), 2021-2031
Figure 35 Mexico HVAC Systems Market (US$ Million), 2021-2031
Figure 36 Rest of Latin America HVAC Systems Market (US$ Million), 2021-2031
Figure 37 GCC HVAC Systems Market (US$ Million), 2021-2031
Figure 38 Africa HVAC Systems Market (US$ Million), 2021-2031
Figure 39 Rest of Middle East and Africa HVAC Systems Market (US$ Million), 2021-2031
List of Tables
Table 1 Global HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 2 Global HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 3 Global HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 4 Global HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 5 Global HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 6 North America HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 7 North America HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 8 North America HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 9 North America HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 10 North America HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 11 U.S. HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 12 U.S. HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 13 U.S. HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 14 U.S. HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 15 U.S. HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 16 Canada HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 17 Canada HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 18 Canada HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 19 Canada HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 20 Canada HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 21 Rest of North America HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 22 Rest of North America HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 23 Rest of North America HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 24 Rest of North America HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 25 Rest of North America HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 26 UK and European Union HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 27 UK and European Union HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 28 UK and European Union HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 29 UK and European Union HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 30 UK and European Union HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 31 UK HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 32 UK HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 33 UK HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 34 UK HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 35 UK HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 36 Germany HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 37 Germany HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 38 Germany HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 39 Germany HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 40 Germany HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 41 Spain HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 42 Spain HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 43 Spain HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 44 Spain HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 45 Spain HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 46 Italy HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 47 Italy HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 48 Italy HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 49 Italy HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 50 Italy HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 51 France HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 52 France HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 53 France HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 54 France HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 55 France HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 56 Rest of Europe HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 57 Rest of Europe HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 58 Rest of Europe HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 59 Rest of Europe HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 60 Rest of Europe HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 61 Asia HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 62 Asia HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 63 Asia HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 64 Asia HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 65 Asia HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 66 China HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 67 China HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 68 China HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 69 China HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 70 China HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 71 Japan HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 72 Japan HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 73 Japan HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 74 Japan HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 75 Japan HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 76 India HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 77 India HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 78 India HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 79 India HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 80 India HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 81 Australia HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 82 Australia HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 83 Australia HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 84 Australia HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 85 Australia HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 86 South Korea HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 87 South Korea HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 88 South Korea HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 89 South Korea HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 90 South Korea HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 91 Latin America HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 92 Latin America HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 93 Latin America HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 94 Latin America HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 95 Latin America HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 96 Brazil HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 97 Brazil HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 98 Brazil HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 99 Brazil HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 100 Brazil HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 101 Mexico HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 102 Mexico HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 103 Mexico HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 104 Mexico HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 105 Mexico HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 106 Rest of Latin America HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 107 Rest of Latin America HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 108 Rest of Latin America HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 109 Rest of Latin America HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 110 Rest of Latin America HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 111 Middle East and Africa HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 112 Middle East and Africa HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 113 Middle East and Africa HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 114 Middle East and Africa HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 115 Middle East and Africa HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 116 GCC HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 117 GCC HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 118 GCC HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 119 GCC HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 120 GCC HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 121 Africa HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 122 Africa HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 123 Africa HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 124 Africa HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 125 Africa HVAC Systems Market By Application, 2021-2031, USD (Million)
Table 126 Rest of Middle East and Africa HVAC Systems Market By Cooling Equipment, 2021-2031, USD (Million)
Table 127 Rest of Middle East and Africa HVAC Systems Market By Heating Equipment, 2021-2031, USD (Million)
Table 128 Rest of Middle East and Africa HVAC Systems Market By Ventilation Equipment, 2021-2031, USD (Million)
Table 129 Rest of Middle East and Africa HVAC Systems Market By Implementation Type, 2021-2031, USD (Million)
Table 130 Rest of Middle East and Africa HVAC Systems Market By Application, 2021-2031, USD (Million)

Companies Mentioned

  • Daikin Industries, Ltd.
  • Carrier Global Corporation
  • Emerson Electric Co.
  • Hitachi Ltd.
  • Johnson Controls International plc
  • Lennox International, Inc.
  • Trane Technologies plc

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