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HVAC Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)

Get a Comprehensive Overview of the HVAC Market Report Prepared by P&S Intelligence, Segmented by Offering (Equipment, Services), End User (Commercial, Industrial, Residential), and Geographic Regions. This Report Provides Insights From 2017 to 2030.

  • Published: March 2024
  • Pages: 303
  • Report Code: 10602
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  • Report Summary
  • Table of Contents
  • Sample Pages

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Offering

1.3.2 Market Segmentation by End user

1.3.3 Market Segmentation by Region

1.3.4 Analysis Period

1.3.5 Market Data Reporting Unit

1.3.5.1 Volume

1.3.5.2 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Offering

4.1.1.1 Equipment

4.1.1.1.1 By type

4.1.1.1.1.1 Heating

4.1.1.1.1.1.1 Heat pumps

4.1.1.1.1.1.2 Furnaces

4.1.1.1.1.1.3 Boilers

4.1.1.1.1.1.4 Unitary heaters

4.1.1.1.1.2 Ventilation

4.1.1.1.1.2.1 Ventilation fans

4.1.1.1.1.2.2 Air handling units and fan coil units

4.1.1.1.1.2.3 Humidifiers/dehumidifiers

4.1.1.1.1.2.4 Air cleaners

4.1.1.1.1.3 Air conditioning

4.1.1.1.1.3.1 Room ACs

4.1.1.1.1.3.2 Split units

4.1.1.1.1.3.3 Ducted splits/packaged units

4.1.1.1.1.3.4 Variable refrigerant flow

4.1.1.1.1.3.5 Chillers

4.1.1.1.2 By Component

4.1.1.1.2.1 HVAC machine controllers

4.1.1.1.2.2 Energy meters

4.1.1.1.2.3 Drives

4.1.1.1.2.4 Contactors

4.1.1.1.2.5 HMIs/displays

4.1.1.1.2.6 Others

4.1.1.2 Services

4.1.1.2.1 Installation

4.1.1.2.2 Upgradation/replacement

4.1.1.2.3 Maintenance and repair

4.1.1.2.4 Consulting

4.1.2 By End User

4.1.2.1 Commercial

4.1.2.1.1 Office buildings

4.1.2.1.2 Supermarkets/hypermarkets

4.1.2.1.3 Government

4.1.2.1.4 Healthcare

4.1.2.1.5 Hospitality

4.1.2.1.6 Transportation

4.1.2.1.7 Others

4.1.2.2 Industrial

4.1.2.2.1 Oil and gas

4.1.2.2.2 Food and beverage

4.1.2.2.3 Automotive

4.1.2.2.4 Energy and utilities

4.1.2.2.5 Others

4.1.2.3 Residential

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Increasing preference toward VRF technology

4.3.1.2 Growing preference toward smart HVAC systems

4.3.2 Drivers

4.3.2.1 Growing construction sector

4.3.2.2 Growing hospitality industry

4.3.2.3 Impact analysis of drivers on market forecast

4.3.3 Restraints

4.3.3.1 High upfront cost

4.3.3.2 Impact analysis of restraints on market forecast

4.3.4 Opportunities

4.3.4.1 Increasing energy efficiency of HVAC systems

4.3.4.2 Growing opportunity from manufacturing industry

4.3.4.3 Growing demand for annual maintenance contract (AMC) services

4.4 Impact of COVID-19 on Global HVAC Market

4.5 Porter’s Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Offering

5.1.1 By Equipment

5.1.1.1 By component

5.1.1.2 By type

5.1.1.2.1 Heating, by equipment type

5.1.1.2.2 Ventilation, by equipment type

5.1.1.2.3 Air conditioning, by equipment type

5.1.2 By Service

5.2 By End User

5.2.1 Commercial, by Type

5.2.2 Industrial, by Type

5.3 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Offering

6.1.1 By Equipment

6.1.1.1 By component

6.1.1.2 By type

6.1.1.2.1 Heating, by equipment type

6.1.1.2.2 Ventilation, by equipment type

6.1.1.2.3 Air conditioning, by equipment type

6.1.2 By Service

6.2 By End User

6.2.1 Commercial, by Type

6.2.2 Industrial, by Type

6.3 By Country

Chapter 7. Europe Market Size and Forecast

7.1 By Offering

7.1.1 By Equipment

7.1.1.1 By component

7.1.1.2 By type

7.1.1.2.1 Heating, by equipment type

7.1.1.2.2 Ventilation, by equipment type

7.1.1.2.3 Air conditioning, by equipment type

7.1.2 By Service

7.2 By End User

7.2.1 Commercial, by Type

7.2.2 Industrial, by Type

7.3 By Country

Chapter 8. APAC Market Size and Forecast

8.1 By Offering

8.1.1 By Equipment

8.1.1.1 By component

8.1.1.2 By type

8.1.1.2.1 Heating, by equipment type

8.1.1.2.2 Ventilation, by equipment type

8.1.1.2.3 Air conditioning, by equipment type

8.1.2 By Service

8.2 By End User

8.2.1 Commercial, by Type

8.2.2 Industrial, by Type

8.3 By Country

Chapter 9. LATAM Market Size and Forecast

9.1 By Offering

9.1.1 By Equipment

9.1.1.1 By component

9.1.1.2 By type

9.1.1.2.1 Heating, by equipment type

9.1.1.2.2 Ventilation, by equipment type

9.1.1.2.3 Air conditioning, by equipment type

9.1.2 By Service

9.2 By End User

9.2.1 Commercial, by Type

9.2.2 Industrial, by Type

9.3 By Country

Chapter 10. MEA Market Size and Forecast

10.1 By Offering

10.1.1 By Equipment

10.1.1.1 By component

10.1.1.2 By type

10.1.1.2.1 Heating, by equipment type

10.1.1.2.2 Ventilation, by equipment type

10.1.1.2.3 Air conditioning, by equipment type

10.1.2 By Service

10.2 By End User

10.2.1 Commercial, by Type

10.2.2 Industrial, by Type

10.3 By Country

Chapter 11. Competitive Landscape

11.1 List of Market Players and Their Offerings

11.2 Market Share Analysis of Key Players

11.3 Competitive Benchmarking of Key Players

11.4 Strategic Developments of Key Players

11.4.1 Product Launches

11.4.2 Mergers and Acquisitions

11.4.3 Geographic Expansions

11.4.4 Facility Expansions

11.4.5 Other Developments

Chapter 12. Company Profiles

12.1 Johnson Controls International plc

12.1.1 Business Overview

12.1.2 Product and Service Offerings

12.1.3 Key Financial Summary

12.2 Trane Technologies plc

12.2.1 Business Overview

12.2.2 Product and Service Offerings

12.2.3 Key Financial Summary

12.3 Carrier Global Corporation

12.3.1 Business Overview

12.3.2 Product and Service Offerings

12.3.3 Key Financial Summary

12.4 Daikin Industries Ltd.

12.4.1 Business Overview

12.4.2 Product and Service Offerings

12.4.3 Key Financial Summary

12.5 Samsung Electronics Co. Ltd.

12.5.1 Business Overview

12.5.2 Product and Service Offerings

12.5.3 Key Financial Summary

12.6 LG Electronics Inc.

12.6.1 Business Overview

12.6.2 Product and Service Offerings

12.6.3 Key Financial Summary

12.7 Gree Electric Appliances Inc. of Zhuhai

12.7.1 Business Overview

12.7.2 Product and Service Offerings

12.7.3 Key Financial Summary

12.8 Midea Group Co. Ltd.

12.8.1 Business Overview

12.8.2 Product and Service Offerings

12.8.3 Key Financial Summary

12.9 Danfoss A/S

12.9.1 Business Overview

12.9.2 Product and Service Offerings

12.9.3 Key Financial Summary

12.10 Lennox International Inc.

12.10.1 Business Overview

12.10.2 Product and Service Offerings

12.10.3 Key Financial Summary

12.11 Panasonic Corporation

12.11.1 Business Overview

12.11.2 Product and Service Offerings

12.11.3 Key Financial Summary

12.12 FUJITSU GENERAL LIMITED

12.12.1 Business Overview

12.12.2 Product and Service Offerings

12.12.3 Key Financial Summary

12.13 Mitsubishi Electric Corporation

12.13.1 Business Overview

12.13.2 Product and Service Offerings

12.13.3 Key Financial Summary

Chapter 13. Appendix

13.1 Abbreviations

13.2 Sources and References

13.3 Related Reports

 

LIST OF TABLES

TABLE 1 ANALYSIS PERIOD OF THE STUDY

TABLE 2 KEY HOTEL PROJECTS IN APAC

TABLE 3 MAJOR SPORTS EVENTS

TABLE 4 DRIVERS FOR THE MARKET: IMPACT ANALYSIS

TABLE 5 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS

TABLE 6 GLOBAL HVAC EQUIPMENT MARKET, BY COMPONENT, $M (2014–2021)

TABLE 7 GLOBAL HVAC EQUIPMENT MARKET, BY COMPONENT, $M (2022–2026)

TABLE 8 GLOBAL HVAC EQUIPMENT MARKET, BY COMPONENT, $M (2027–2030)

TABLE 9 GLOBAL HVAC EQUIPMENT MARKET, BY TYPE, $M (2014–2021)

TABLE 10 GLOBAL HVAC EQUIPMENT MARKET, BY TYPE, $M (2022–2026)

TABLE 11 GLOBAL HVAC EQUIPMENT MARKET, BY TYPE, $M (2027–2030)

TABLE 12 GLOBAL HVAC EQUIPMENT MARKET, BY TYPE, 000’ UNITS (2014–2021)

TABLE 13 GLOBAL HVAC EQUIPMENT MARKET, BY TYPE, 000’ UNITS (2022–2026)

TABLE 14 GLOBAL HVAC EQUIPMENT MARKET, BY TYPE, 000’ UNITS (2027–2030)

TABLE 15 GLOBAL HEATING MARKET, BY EQUIPMENT TYPE, $M (2014–2021)

TABLE 16 GLOBAL HEATING MARKET, BY EQUIPMENT TYPE, $M (2022–2026)

TABLE 17 GLOBAL HEATING MARKET, BY EQUIPMENT TYPE, $M (2027–2030)

TABLE 18 GLOBAL HEATING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2014–2021)

TABLE 19 GLOBAL HEATING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2022–2026)

TABLE 20 GLOBAL HEATING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2027–2030)

TABLE 21 GLOBAL VENTILATION MARKET, BY EQUIPMENT TYPE, $M (2014–2021)

TABLE 22 GLOBAL VENTILATION MARKET, BY EQUIPMENT TYPE, $M (2022–2026)

TABLE 23 GLOBAL VENTILATION MARKET, BY EQUIPMENT TYPE, $M (2027–2030)

TABLE 24 GLOBAL VENTILATION MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2014–2021)

TABLE 25 GLOBAL VENTILATION MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2022–2026)

TABLE 26 GLOBAL VENTILATION MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2027–2030)

TABLE 27 GLOBAL AIR CONDITIONING MARKET, BY EQUIPMENT TYPE, $M (2014–2021)

TABLE 28 GLOBAL AIR CONDITIONING MARKET, BY EQUIPMENT TYPE, $M (2022–2026)

TABLE 29 GLOBAL AIR CONDITIONING MARKET, BY EQUIPMENT TYPE, $M (2027–2030)

TABLE 30 GLOBAL AIR CONDITIONING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2014–2021)

TABLE 31 GLOBAL AIR CONDITIONING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2022–2026)

TABLE 32 GLOBAL AIR CONDITIONING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2027–2030)

TABLE 33 GLOBAL HVAC SERVICE MARKET, BY TYPE, $M (2014–2021)

TABLE 34 GLOBAL HVAC SERVICE MARKET, BY TYPE, $M (2022–2026)

TABLE 35 GLOBAL HVAC SERVICE MARKET, BY TYPE, $M (2027–2030)

TABLE 36 LIST OF UNDER-CONSTRUTCTION STADIUMS

TABLE 37 GLOBAL HVAC MARKET, BY END USER, $M (2014–2021)

TABLE 38 GLOBAL HVAC MARKET, BY END USER, $M (2022–2026)

TABLE 39 GLOBAL HVAC MARKET, BY END USER, $M (2027–2030)

TABLE 40 GLOBAL COMMERCIAL HVAC MARKET, BY TYPE, $M (2014–2021)

TABLE 41 GLOBAL COMMERCIAL HVAC MARKET, BY TYPE, $M (2022–2026)

TABLE 42 GLOBAL COMMERCIAL HVAC MARKET, BY TYPE, $M (2027–2030)

TABLE 43 GLOBAL INDUSTRIAL HVAC MARKET, BY TYPE, $M (2014–2021)

TABLE 44 GLOBAL INDUSTRIAL HVAC MARKET, BY TYPE, $M (2022–2026)

TABLE 45 GLOBAL INDUSTRIAL HVAC MARKET, BY TYPE, $M (2027–2030)

TABLE 46 GLOBAL HVAC MARKET, BY REGION, $M (2014–2021)

TABLE 47 GLOBAL HVAC MARKET, BY REGION, $M (2022–2026)

TABLE 48 GLOBAL HVAC MARKET, BY REGION, $M (2027–2030)

TABLE 49 NORTH AMERICA HVAC EQUIPMENT MARKET, BY COMPONENT, $M (2014–2021)

TABLE 50 NORTH AMERICA HVAC EQUIPMENT MARKET, BY COMPONENT, $M (2022–2026)

TABLE 51 NORTH AMERICA HVAC EQUIPMENT MARKET, BY COMPONENT, $M (2027–2030)

TABLE 52 NORTH AMERICA HVAC EQUIPMENT MARKET, BY TYPE, $M (2014–2021)

TABLE 53 NORTH AMERICA HVAC EQUIPMENT MARKET, BY TYPE, $M (2022–2026)

TABLE 54 NORTH AMERICA HVAC EQUIPMENT MARKET, BY TYPE, $M (2027–2030)

TABLE 55 NORTH AMERICA HVAC EQUIPMENT MARKET, BY TYPE, 000’ UNITS (2014–2021)

TABLE 56 NORTH AMERICA HVAC EQUIPMENT MARKET, BY TYPE, 000’ UNITS (2022–2026)

TABLE 57 NORTH AMERICA HVAC EQUIPMENT MARKET, BY TYPE, 000’ UNITS (2027–2030)

TABLE 58 NORTH AMERICA HEATING MARKET, BY EQUIPMENT TYPE, $M (2014–2021)

TABLE 59 NORTH AMERICA HEATING MARKET, BY EQUIPMENT TYPE, $M (2022–2026)

TABLE 60 NORTH AMERICA HEATING MARKET, BY EQUIPMENT TYPE, $M (2027–2030)

TABLE 61 NORTH AMERICA HEATING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2014–2021)

TABLE 62 NORTH AMERICA HEATING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2022–2026)

TABLE 63 NORTH AMERICA HEATING MARKET, BY EQUIPMENT TYPE, 000’ UNITS (2027–2030)

TABLE 64 ASHRAE STANDARD 62 MINIMUM IAQ STANDARDS

TABLE 65 MAJOR STADIUM CONSTRUCTION PROJECTS IN NORTH AMERICA

TABLE 66 NORTH AMERICA VENTILATION MARKET, BY EQUIPMENT TYPE, $M (2014–2021)

TABLE 67 NORTH AMERICA VENTILATION MARKET, BY EQUIPMENT TYPE, $M (2022–2026)

TABLE 68 NORTH AMERICA VENTILATION MARKET, BY EQUIPMENT TYPE, $M (2027–2030)

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