Heating & Cooling Industry Reports
Explore In-Depth Reports on Heating & Cooling Industry. Offering Past Performance, Recent Statistics, and Future Revenue Prospects, These Reports Offer Precise Insights to Stay Ahead with Recent Industry Trends.
The U.S. smart thermostat market valued USD 2.7 billion in 2024, and this number is expected to increase to USD 10.9 billion by 2032, advancing at a CAGR of 19.5% from 2025 to 2032. This is because of consumers’ increasing preference for energy...
The U.S. thermostat market revenue is USD 2.1 billion in 2024, which is expected to witness a CAGR of 15.2% from 2025–2032, reaching USD 6.4 billion in 2032. The country witnesses a varied climate, ranging from humid subtropical in the south to...
The U.S. HVAC unitary heaters market size was USD 581.1 million in 2024, and it will grow by 4.4% during 2025–2032, reaching USD 810.5 million by 2032. The key growth drivers for the market are the rising population, which is continuously po...
The U.S. cooling tower market revenue stood at USD 701.45 million in 2024, which is expected to witness a CAGR of 5.69% from 2025 to 2032, reaching USD 1,082.11 million by 2032. These systems are essential in industries that require large amounts of ...
The U.S. HVAC sensors market revenue was USD 1.27 billion in 2024 and it is expected to witness a CAGR of 7.69% from 2025–2032, reaching USD 2.28 billion in 2032. The growth of the market can be attributed to the rise in the use of energy-effic...
The U.S. HVAC steam generator market revenue was USD 448.71 million in 2024 and it is expected to witness a CAGR of 4.19% from 2025 to 2032, reaching USD 607.33 million in 2032. The HVAC steam generator is primarily used to produce steam that is u...
The Qatar HVAC maintenance service market was valued at USD 281.9 million in 2024, and it is predicted to reach USD 420.4 million by 2032, advancing at a CAGR of 6% during 2025–2032. This is due to the steady growth in the HVAC industry, the in...
The heat pump water heater market generates a revenue of USD 5.73 billion in 2024, and it is projected to grow at a CAGR of 12.66% from 2025 to 2032, reaching USD 14.74 billion by 2032. This is due to the rising energy costs; as electricity prices...
The U.S. HVAC humidifiers/dehumidifiers market size was USD 705.5 million in 2024, and it will grow by 4.6% during 2025–2032, reaching USD 1,004.3 million by 2032. Humidifiers and dehumidifiers are built into HVAC systems, and standalone one...
The U.S. HVAC boilers market size stood at USD 1,203.2 million in 2024, and it will grow by 3.0% during 2025–2032, reaching USD 1,519.2 million by 2032. The market is driven by the cold climate in most parts of the country, its increasing po...
The U.S. HVAC air handling units and fan coil units market stood at USD 319.8 million in 2024, and it will grow by 3.3% during 2025–2032, reaching USD 410.0 million by 2032. The market is driven by the hot climate in most parts of the countr...
The U.S. HVAC variable refrigerant flow systems market size was USD 979.8 million in 2024, and it will grow by 6.4% during 2025–2032, reaching USD 1,608.8 million by 2032. The market is driven by the fluctuating climate in most parts of the ...
The U.S. HVAC ventilation fans market stood at USD 2,328.3 million in 2024, and it will grow by 2.0% during 2025–2032, reaching USD 2,702.0 million by 2032. The HVAC ventilation fans is essential to the HVAC industry, as these help in improv...
The U.S. HVAC Air Purifier market size is approximately USD 402.5 million in 2024, and it will grow by 3.0% during 2025–2032, reaching USD 511.8 million by 2032. The U.S. HVAC air purifier market has experienced significant growth due to a c...
The U.S. HVAC compressor market revenue is USD 736.4 million in 2024, which is expected to witness a CAGR of 3.0% from 2025–2032, reaching USD 928.7 million in 2032. This can be attributed to the growing population, which is increasingly moving...
The U.S. heat pumps market size is approximately USD 755.6 million in 2024, and it will grow by 6.6% during 2025–2032, reaching USD 1,254.4 million by 2032. The market is driven by the cold winters in most parts of the country, coupled with ...
The U.S. HVAC contactors market size is USD 267.1 million in 2024, and it will grow by 2.6% during 2025–2032, reaching USD 326.9 million by 2032. The biggest reasons for the market growth are the rising degree of urbanization, increasing pop...
The U.S. HVAC radiator market revenue is USD 1.61 billion in 2024, which is expected to witness a CAGR of 3.1% from 2025–2032, reaching USD 2.03 billion in 2032. This growth can be attributed to the technological advancements in the HVAC techno...
The U.S. room ACs market revenue is USD 5.8 billion in 2024, which is expected to witness a CAGR of 3.1% from 2025 to 2032, reaching USD 7.4 billion by 2032. The swift urbanization, rising temperature due to climate change, and increasing dispos...
The U.S. air duct market revenue is USD 1.1 billion in 2024, which is expected to witness a CAGR of 2.1% from 2025–2032, reaching USD 1.28 billion in 2032. The rise in construction, retrofitting, and renovation activities in the commercial a...
The U.S. HVAC furnaces market is set to grow from USD 861.9 million in 2024 to USD 1,038.3 million in 2032, growing at a CAGR of 2.4% during 2025–2032. The market is driven by the long, hard winters in much of the country and the burgeoning ...
The U.S. HVAC HMIs/displays market size is USD 410.7 million in 2024, and it will grow by 3.3% during 2025–2032, reaching USD 527.9 million by 2032. The biggest driver for the market is the increasing sale of HVAC systems to residential, com...
The U.S. HVAC energy meters market size is USD 1,238.3 million in 2024, and it will grow by 3.2% during 2025–2032, reaching USD 1,579.4 million by 2032. The rise in the sale of HVAC systems to residential, commercial, and industrial customer...
The U.S. HVAC drives market is valued at USD 2,879.7 million in 2024, and it will grow by 3.4% during 2025–2032, reaching USD 3,751.9 million by 2032. The rise in the sale of HVAC systems to residential, commercial, and industrial customers ...
The Saudi Arabian HVAC TAB services market size is USD 56.4 million in 2024, and it is expected to reach USD 117.1 million in 2032, with a growth rate of 9.5% during 2025–2032. This is ascribed to the growing tourism sector, rapid HVAC installa...
The U.S. chiller market revenue is USD 1,015.5 million in 2024, which is expected to witness a CAGR of 3.1% from 2025–2032, reaching USD 1,284.5 million in 2032. The rising construction activities due to the rapid urbanization are driving th...
The U.S. split units market revenue is USD 2,185.5 million in 2024, which is expected to witness a CAGR of 3.7% from 2025–2032, reaching USD 2,888.7 million in 2032. The market is driven by the rising sale, installation, and maintenance of...
The Saudi Arabian air duct market size is USD 46.4 million in 2024, and it is expected to advance at a compound annual growth rate of 8.1% during 2025–2032, to reach USD 87.5 million by 2032. The rising demand for efficient airflow control a...
The global underfloor heating market size is estimated at USD 5.4 billion in 2024, and it will grow at a CAGR of 7.2% during 2025–2030, reaching USD 8.1 billion in 2030. The major factors contributing to the growth of the market include the inc...
The Saudi Arabian thermal products market will generate an estimated revenue of USD 429.1 million in 2024 and witness a CAGR of 3.0% during 2025–2030, reaching USD 509.7 million by 2030. These products are designed to control, manage, and utili...
The New Zealand ventilation products market size will stand at an estimated USD 138.2 million in 2024, which is projected to advance at a CAGR of 5.3% during 2025–2030, reaching USD 187.5 million by 2030. The growth of the industry is primar...
The Saudi Arabian district cooling market revenue stands at USD 1,515.0 million in 2024, which is expected to reach USD 2,585.3 million by 2030 at a CAGR of 9.4% during the forecast period (2025–2030). The biggest drivers for the market are ...
The Saudi Arabian industrial refrigeration systems market will generate an estimated revenue of USD 426.11 million in 2024, and it is expected to rise at a CAGR of 9.62% during the forecast period (2025–2030), reaching USD 738.24 million by 203...
The MEA chiller market will generate an estimated revenue of USD 1,431.6 million in 2024, and it is expected to rise at a CAGR of 5.4% during the forecast period (2024–2030), to reach USD 1,959.9 million by 2030. The rampant industrial devel...
In 2024, The MEA VRF systems market size is valued at an estimated USD 776.3 million, and it is estimated to advance at a CAGR of 11.8% during 2024-2030, to attain USD 1,497.0 million by the end of the decade. The growth in the VRF systems industry i...
The MEA concealed ducted air conditioners market will generate an estimated revenue of USD 899.3 million in 2024, and it is expected to grow at a CAGR of 5.9% during the forecast period, reaching USD 1,265.7 million by 2030. The market for concealed ...
The Australian water-cooled heat pump variable refrigerant flow (VRF) systems market will generate an estimated USD 30.9 million revenue in 2024, and the market size will advance at a CAGR of 7.0% during 2024–2030, reaching USD 46.3 million by ...
The Australian water-cooled heat recovery variable refrigerant flow (VRF) systems market size will stand at an estimated USD 18.5 million in 2024 and advance at a CAGR of 9.0% during 2024–2030, to reach USD 31.0 million by 2030. Moreover, in...
The U.S. HVAC services market will generate an estimated revenue of USD 26.9 billion in 2024, which is expected to witness a CAGR of 3.4% during 2024−2030 and reach USD 32.9 billion by 2030. The increasing adoption of such systems (which help c...
The Indian HVAC market size is estimated to have stood at USD 11.8 billion in 2024, and it is projected to reach USD 29.4 billion by 2030, growing at a CAGR of 16.3% between 2024 and 2030. This is ascribed to rampant infrastructure development, techn...
The Indian compressor market generated USD 1,872.1 million revenue in 2023, and it is projected to witness a CAGR of 6.6% during 2024–2030, to reach USD 2,911.7 million by 2030. The growing automotive sector in India is expected to drive the de...
The U.A.E. HVAC market is valued at an estimated USD 1,910.4 million in 2023, which is expected to reach USD 2,773.3 million by 2030, progressing with a CAGR of 5.6% during 2024–2030. This is due to the increasing infrastructure investments in ...
The Saudi Arabian HVAC market generated revenue of USD 2,810.2 million in 2023, which is expected to witness a CAGR of 8.6% during 2024–2030, to reach USD 4,970.4 million by 2030. The market is majorly driven by the increasing infrastructure sp...
The Southeast Asian HVAC market generated revenue of USD 20.8 billion in 2023, which is expected to witness a CAGR of 6.9% during 2024–2030, to reach USD 33.0 billion by 2030. This is primarily due to the increasing pace of infrastructure devel...
The HVAC market size stood at USD 223.7 billion in 2023, and it is expected to grow at a CAGR of 5.4% during 2024–2030, to reach $319.8 billion by 2030. The varied global climatic conditions and the strong need to maintain an ambient environ...
The air deflector market generated revenue of USD 11.9 billion in 2023, which is expected to witness a CAGR of 3.3% during 2024–2030, to reach USD 14.9 billion by 2030. The major driver for the market is the growing popularity of fuel-efficient...
Saudi Arabia Residential AC Market Analysis The saudi arabian residential AC market generated a revenue of $574.7 million in 2023, and the market size is predicted to reach $917.8 million by 2030, advancing at a CAGR of 7.2% during 2024–2030...
The Middle East and Africa (MEA) HVAC market size stood at USD 9,445.5 million in 2023, and it is expected to reach USD 13,267.7 million by 2030, exhibiting a CAGR of 5.1% during the forecast period (2024–2030). ...
The Saudi Arabia chiller market size was valued at USD 281.4 million in 2023, and it is expected to reach USD 346.3 million by 2030, exhibiting a CAGR of 3.1% during the forecast period (2024–2030). ...
The U.A.E. chiller market is estimated to have generated a revenue of USD 134.9 million in 2024, and it is expected to grow at a CAGR of 6.0% during the forecasted period, to reach USD 191.5 million by 2030. This is ascribed to the rising hospitality...
The district cooling market stood at USD 30.9 billion in 2024, and it is expected to grow at a compound annual growth rate of 6.8% during 2024–2030, to reach USD 45.8 billion by 2030. This is ascribed to the rising population, rapid urbanizatio...
The global air compressor market size stood at $30,366.3 million in 2021, which is expected to reach $45,888.0 million by 2030, advancing at a CAGR of 4.7% during 2021–2030. ...
The APAC compressor market was valued at $19.9 billion in 2019, and is projected to grow at a CAGR of 3.2% during the forecast period (2020–2030). The growing automotive and HVAC industries in the region are fueling the growth of the compressor...
The industrial refrigeration systems market revenue is expected to grow from $26.8 billion in 2019 to $41.1 billion in 2030, at a CAGR of 5.0% during 2020–2030. ...
The global chiller market size was $7,330.7 million in 2019, and it is expected to reach $10,880.3 million by 2030, progressing at a CAGR of 5.0% during the forecast period (2020–2030). ...
China compressor market has reached $12.7 billion in 2018 and is expected to register a CAGR of 3.5% during 2019-2024. China compressor market is projected to grow rapidly due to the growing automotive industry, along with growing construction sec...
The Asia-Pacific (APAC) HVAC market is estimated to value $54.6 billion in 2018 and is expected to record CAGR of 4.3%, during the forecast period. Rise in average temperature mainly in countries such as India, China, Japan, South Korea, and Indonesi...
The Asia-Pacific (APAC) chiller market is estimated to value at $3.6 billion in 2018, and is predicted to register a CAGR of 5.4% during 2019-2024. Growing popularity of absorption chiller in response to higher adoption of solar energy was one of the...
Middle East and Africa compressor market was valued at $3.0 billion in 2017 and is anticipated to record a compound annual growth rate (CAGR) of 5.1%, during the forecast period. Automotive industry is expected to provide ample of opportunities in th...
Middle East and Africa commercial refrigeration equipment market generated revenue of $3.1 billion in 2017. The market is projected to advance at a CAGR of 7.6% in terms of value, during the forecast period. Development of organized retail in restaur...
The APAC commercial refrigeration equipment market was valued at $14.3 billion in 2017 and is forecasted to witness a CAGR of 9.3% during 2018–2023. Increasing urbanization and growing food and beverage industry in the region, are the key facto...
Rising purchasing power of middle-class population, primarily in the APAC region and growing demand for environment friendly refrigerants are observed to be the key growth drivers of global air conditioning systems market. Growing middle class popula...
The MEA industrial refrigeration systems market was valued at $1,679.9 million in 2017 and is forecasted to witness a CAGR of 6.1%, during 2018–2023. Growing food and beverage processing industry in the region as well as increasing adoption of ...
The APAC industrial refrigeration systems market was valued at $ 7,058.6 million in 2017 and is forecasted to witness a CAGR of 7.1% during 2018–2023. Rising food and beverage processing industry in developing countries, and also growing applic...
The Latin American commercial refrigeration equipment market generated revenue of $1,766.0 million in 2017. The market is projected to advance at a CAGR of 4.5%, during the forecast period. Increasing demand for refrigeration from grocery stores, gro...
The global VRF systems market was valued at $11,400.7 million in 2017 and is forecasted to witness a CAGR of 13.4% during 2018–2023. Rising demand for energy-efficient heating, ventilation, and air conditioning (HVAC) solutions and growing cons...
The application of magnetic refrigeration in the present market scenario is limited to some form of cryogenic refrigerator used in biological research centers, owing to its ultra-low operating temperature. However, the magnetic refrigeration system i...