Global HVAC Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01244608

Publication Date:

January 11, 2024

Pages:

153

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Retailing [2]

Consumer & Retail [3]

Description:

The global HVAC market size was valued at US$ 194060 million in 2023. With growing demand in downstream market, the HVAC is forecast to a readjusted size of US$ 292520 million by 2030 with a CAGR of 6.0% during review period.
The research report highlights the growth potential of the global HVAC market. HVAC are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of HVAC. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the HVAC market.
Heating, ventilation, and air conditioning (HVAC) is the technology of indoor environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. HVAC design is a subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics and heat transfer.
HVAC is an important part of residential structures such as single family homes, apartment buildings, hotels and senior living facilities, medium to large industrial and office buildings such as skyscrapers and hospitals, where safe and healthy building conditions are regulated with respect to temperature and humidity, using fresh air from outdoors.
The HVAC industry can be broken down into several segments, Decentralized, Centralized.
Global key players of HVAC include Daikin, Midea, Gree, etc. The top three players hold a share over 35%.
Asia-Pacific is the largest market, has a share about 67%, followed by North America, with share 13%.
In terms of product type, decentralized is the largest segment, occupied for a share of 66%, and in terms of application, residential has a share about 45 percent.
Key Features:
The report on HVAC market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the HVAC market. It may include historical data, market segmentation by Type (e.g., Decentralized, Centralized), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the HVAC market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the HVAC market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the HVAC industry. This include advancements in HVAC technology, HVAC new entrants, HVAC new investment, and other innovations that are shaping the future of HVAC.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the HVAC market. It includes factors influencing customer ' purchasing decisions, preferences for HVAC product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the HVAC market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting HVAC market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the HVAC market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the HVAC industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the HVAC market.
Market Segmentation:
HVAC market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Decentralized
Centralized
Segmentation by application
Residential
Commercial
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Gree
Daikin
Midea
Johnson Controls
Carrier
Trane Technologies
Haier
Panasonic
Lennox
LG Electronics
Emerson
Mitsubishi Electric
Siemens
Hitachi
Fujitsu
Danfoss
Electrolux
Honeywell
Nortek
Samsung Electronics
Schneider Electric

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global HVAC Market Size 2019-2030
2.1.2 HVAC Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 HVAC Segment by Type
2.2.1 Decentralized
2.2.2 Centralized
2.3 HVAC Market Size by Type
2.3.1 HVAC Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global HVAC Market Size Market Share by Type (2019-2024)
2.4 HVAC Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Industrial
2.5 HVAC Market Size by Application
2.5.1 HVAC Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global HVAC Market Size Market Share by Application (2019-2024)
3 HVAC Market Size by Player
3.1 HVAC Market Size Market Share by Players
3.1.1 Global HVAC Revenue by Players (2019-2024)
3.1.2 Global HVAC Revenue Market Share by Players (2019-2024)
3.2 Global HVAC Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 HVAC by Regions
4.1 HVAC Market Size by Regions (2019-2024)
4.2 Americas HVAC Market Size Growth (2019-2024)
4.3 APAC HVAC Market Size Growth (2019-2024)
4.4 Europe HVAC Market Size Growth (2019-2024)
4.5 Middle East & Africa HVAC Market Size Growth (2019-2024)
5 Americas
5.1 Americas HVAC Market Size by Country (2019-2024)
5.2 Americas HVAC Market Size by Type (2019-2024)
5.3 Americas HVAC Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC HVAC Market Size by Region (2019-2024)
6.2 APAC HVAC Market Size by Type (2019-2024)
6.3 APAC HVAC Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe HVAC by Country (2019-2024)
7.2 Europe HVAC Market Size by Type (2019-2024)
7.3 Europe HVAC Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa HVAC by Region (2019-2024)
8.2 Middle East & Africa HVAC Market Size by Type (2019-2024)
8.3 Middle East & Africa HVAC Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global HVAC Market Forecast
10.1 Global HVAC Forecast by Regions (2025-2030)
10.1.1 Global HVAC Forecast by Regions (2025-2030)
10.1.2 Americas HVAC Forecast
10.1.3 APAC HVAC Forecast
10.1.4 Europe HVAC Forecast
10.1.5 Middle East & Africa HVAC Forecast
10.2 Americas HVAC Forecast by Country (2025-2030)
10.2.1 United States HVAC Market Forecast
10.2.2 Canada HVAC Market Forecast
10.2.3 Mexico HVAC Market Forecast
10.2.4 Brazil HVAC Market Forecast
10.3 APAC HVAC Forecast by Region (2025-2030)
10.3.1 China HVAC Market Forecast
10.3.2 Japan HVAC Market Forecast
10.3.3 Korea HVAC Market Forecast
10.3.4 Southeast Asia HVAC Market Forecast
10.3.5 India HVAC Market Forecast
10.3.6 Australia HVAC Market Forecast
10.4 Europe HVAC Forecast by Country (2025-2030)
10.4.1 Germany HVAC Market Forecast
10.4.2 France HVAC Market Forecast
10.4.3 UK HVAC Market Forecast
10.4.4 Italy HVAC Market Forecast
10.4.5 Russia HVAC Market Forecast
10.5 Middle East & Africa HVAC Forecast by Region (2025-2030)
10.5.1 Egypt HVAC Market Forecast
10.5.2 South Africa HVAC Market Forecast
10.5.3 Israel HVAC Market Forecast
10.5.4 Turkey HVAC Market Forecast
10.5.5 GCC Countries HVAC Market Forecast
10.6 Global HVAC Forecast by Type (2025-2030)
10.7 Global HVAC Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Gree
11.1.1 Gree Company Information
11.1.2 Gree HVAC Product Offered
11.1.3 Gree HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Gree Main Business Overview
11.1.5 Gree Latest Developments
11.2 Daikin
11.2.1 Daikin Company Information
11.2.2 Daikin HVAC Product Offered
11.2.3 Daikin HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Daikin Main Business Overview
11.2.5 Daikin Latest Developments
11.3 Midea
11.3.1 Midea Company Information
11.3.2 Midea HVAC Product Offered
11.3.3 Midea HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Midea Main Business Overview
11.3.5 Midea Latest Developments
11.4 Johnson Controls
11.4.1 Johnson Controls Company Information
11.4.2 Johnson Controls HVAC Product Offered
11.4.3 Johnson Controls HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Johnson Controls Main Business Overview
11.4.5 Johnson Controls Latest Developments
11.5 Carrier
11.5.1 Carrier Company Information
11.5.2 Carrier HVAC Product Offered
11.5.3 Carrier HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Carrier Main Business Overview
11.5.5 Carrier Latest Developments
11.6 Trane Technologies
11.6.1 Trane Technologies Company Information
11.6.2 Trane Technologies HVAC Product Offered
11.6.3 Trane Technologies HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Trane Technologies Main Business Overview
11.6.5 Trane Technologies Latest Developments
11.7 Haier
11.7.1 Haier Company Information
11.7.2 Haier HVAC Product Offered
11.7.3 Haier HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Haier Main Business Overview
11.7.5 Haier Latest Developments
11.8 Panasonic
11.8.1 Panasonic Company Information
11.8.2 Panasonic HVAC Product Offered
11.8.3 Panasonic HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Panasonic Main Business Overview
11.8.5 Panasonic Latest Developments
11.9 Lennox
11.9.1 Lennox Company Information
11.9.2 Lennox HVAC Product Offered
11.9.3 Lennox HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Lennox Main Business Overview
11.9.5 Lennox Latest Developments
11.10 LG Electronics
11.10.1 LG Electronics Company Information
11.10.2 LG Electronics HVAC Product Offered
11.10.3 LG Electronics HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 LG Electronics Main Business Overview
11.10.5 LG Electronics Latest Developments
11.11 Emerson
11.11.1 Emerson Company Information
11.11.2 Emerson HVAC Product Offered
11.11.3 Emerson HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Emerson Main Business Overview
11.11.5 Emerson Latest Developments
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Information
11.12.2 Mitsubishi Electric HVAC Product Offered
11.12.3 Mitsubishi Electric HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Mitsubishi Electric Main Business Overview
11.12.5 Mitsubishi Electric Latest Developments
11.13 Siemens
11.13.1 Siemens Company Information
11.13.2 Siemens HVAC Product Offered
11.13.3 Siemens HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Siemens Main Business Overview
11.13.5 Siemens Latest Developments
11.14 Hitachi
11.14.1 Hitachi Company Information
11.14.2 Hitachi HVAC Product Offered
11.14.3 Hitachi HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 Hitachi Main Business Overview
11.14.5 Hitachi Latest Developments
11.15 Fujitsu
11.15.1 Fujitsu Company Information
11.15.2 Fujitsu HVAC Product Offered
11.15.3 Fujitsu HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Fujitsu Main Business Overview
11.15.5 Fujitsu Latest Developments
11.16 Danfoss
11.16.1 Danfoss Company Information
11.16.2 Danfoss HVAC Product Offered
11.16.3 Danfoss HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 Danfoss Main Business Overview
11.16.5 Danfoss Latest Developments
11.17 Electrolux
11.17.1 Electrolux Company Information
11.17.2 Electrolux HVAC Product Offered
11.17.3 Electrolux HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.17.4 Electrolux Main Business Overview
11.17.5 Electrolux Latest Developments
11.18 Honeywell
11.18.1 Honeywell Company Information
11.18.2 Honeywell HVAC Product Offered
11.18.3 Honeywell HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.18.4 Honeywell Main Business Overview
11.18.5 Honeywell Latest Developments
11.19 Nortek
11.19.1 Nortek Company Information
11.19.2 Nortek HVAC Product Offered
11.19.3 Nortek HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.19.4 Nortek Main Business Overview
11.19.5 Nortek Latest Developments
11.20 Samsung Electronics
11.20.1 Samsung Electronics Company Information
11.20.2 Samsung Electronics HVAC Product Offered
11.20.3 Samsung Electronics HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.20.4 Samsung Electronics Main Business Overview
11.20.5 Samsung Electronics Latest Developments
11.21 Schneider Electric
11.21.1 Schneider Electric Company Information
11.21.2 Schneider Electric HVAC Product Offered
11.21.3 Schneider Electric HVAC Revenue, Gross Margin and Market Share (2019-2024)
11.21.4 Schneider Electric Main Business Overview
11.21.5 Schneider Electric Latest Developments
12 Research Findings and Conclusion

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