How big is the HVAC system industry?

The global HVAC system market size is expected to increase USD 403.06 billion by 2034 from USD 206.38 billion in 2023. Read More

What will be the CAGR of the global HVAC system industry?

The global HVAC system market will register a growth rate of 6.30% between 2024 and 2034. Read More

Who are the prominent players operating in the HVAC system market?

The major players operating in the HVAC system market are Carrier Corporation, Daikin Industries, Ltd., Fujitsu, Haier Group, Havells India Ltd., Hitachi Ltd., Johnson Controls, LG Electronics, Lennox International Inc., Mitsubishi Electric Corporation, Rheem Manufacturing Company, SAMSUNG, Trane and Others. Read More

Which are the driving factors of the HVAC system market?

The driving factors of the HVAC system market are the rise in the construction industry and demand for temperature control in commercial buildings. Read More

Which region will lead the global HVAC system market?

Asia Pacific region will lead the global HVAC system market during the forecast period 2024 to 2034. Read More

HVAC System Market Size, Share, and Trends 2024 to 2034

The global HVAC system market size was USD 206.38 billion in 2023, estimated at USD 219.44 billion in 2024 and is anticipated to reach around USD 403.06 billion by 2034, expanding at a CAGR of 6.3% from 2024 to 2034.

Last Updated : May 2024
Report Code : 4221
Category : Machinery and Equipment

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on HVAC System Market

5.1. COVID-19 Landscape: HVAC System Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global HVAC System Market, By Cooling Equipment

8.1. HVAC System Market Revenue and Volume, by Cooling Equipment, 2024-2034

8.1.1. Unitary Air Conditioners

8.1.1.1. Market Revenue and Volume Forecast (2024-2034)

8.1.2. Variable Refrigerant Flow Systems (VRF)

8.1.2.1. Market Revenue and Volume Forecast (2024-2034)

8.1.3. Chillers

8.1.3.1. Market Revenue and Volume Forecast (2024-2034)

8.1.4. Room Air Conditioners

8.1.4.1. Market Revenue and Volume Forecast (2024-2034)

8.1.5. Coolers

8.1.5.1. Market Revenue and Volume Forecast (2024-2034)

8.1.6. Cooling Towers

8.1.6.1. Market Revenue and Volume Forecast (2024-2034)

Chapter 9. Global HVAC System Market, By Heating Equipment

9.1. HVAC System Market Revenue and Volume, by Heating Equipment, 2024-2034

9.1.1. Heat Pumps

9.1.1.1. Market Revenue and Volume Forecast (2024-2034)

9.1.2. Furnaces

9.1.2.1. Market Revenue and Volume Forecast (2024-2034)

9.1.3. Unitary Heaters

9.1.3.1. Market Revenue and Volume Forecast (2024-2034)

9.1.4. Boilers

9.1.4.1. Market Revenue and Volume Forecast (2024-2034)

Chapter 10. Global HVAC System Market, By Ventilation Type

10.1. HVAC System Market Revenue and Volume, by Ventilation Type, 2024-2034

10.1.1. Air-handling Units (AHUs)

10.1.1.1. Market Revenue and Volume Forecast (2024-2034)

10.1.2. Air Filters

10.1.2.1. Market Revenue and Volume Forecast (2024-2034)

10.1.3. Dehumidifiers

10.1.3.1. Market Revenue and Volume Forecast (2024-2034)

10.1.4. Ventilation Fans

10.1.4.1. Market Revenue and Volume Forecast (2024-2034)

10.1.5. Humidifiers

10.1.5.1. Market Revenue and Volume Forecast (2024-2034)

10.1.6. Air Purifiers

10.1.6.1. Market Revenue and Volume Forecast (2024-2034)

Chapter 11. Global HVAC System Market, By Implementation Type

11.1. HVAC System Market Revenue and Volume, by Implementation Type, 2024-2034

11.1.1. New Construction

11.1.1.1. Market Revenue and Volume Forecast (2024-2034)

11.1.2. Retrofit

11.1.2.1. Market Revenue and Volume Forecast (2024-2034)

Chapter 12. Global HVAC System Market, By Application

12.1. HVAC System Market Revenue and Volume, by Application, 2024-2034

12.1.1. Residential

12.1.1.1. Market Revenue and Volume Forecast (2024-2034)

12.1.2. Commercial

12.1.2.1. Market Revenue and Volume Forecast (2024-2034)

12.1.3. Industrial

12.1.3.1. Market Revenue and Volume Forecast (2024-2034)

Chapter 13. Global HVAC System Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.1.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.1.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.1.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.1.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.1.6.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.1.6.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.1.6.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.1.6.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.1.7.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.1.7.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.1.7.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.1.7.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.2.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.2.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.2.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.2.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.2.6.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.2.6.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.2.7. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.2.8. Market Revenue and Volume Forecast, by Application (2024-2034)

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.2.9.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.2.9.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.2.10. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.2.11. Market Revenue and Volume Forecast, by Application (2024-2034)

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.2.12.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.2.12.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.2.12.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.2.13. Market Revenue and Volume Forecast, by Application (2024-2034)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.2.14.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.2.14.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.2.14.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.2.15. Market Revenue and Volume Forecast, by Application (2024-2034)

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.3.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.3.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.3.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.3.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.3.6.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.3.6.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.3.6.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.3.7. Market Revenue and Volume Forecast, by Application (2024-2034)

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.3.8.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.3.8.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.3.8.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.3.9. Market Revenue and Volume Forecast, by Application (2024-2034)

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.3.10.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.3.10.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.3.10.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.3.10.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.3.11.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.3.11.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.3.11.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.3.11.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.4.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.4.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.4.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.4.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.4.6.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.4.6.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.4.6.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.4.7. Market Revenue and Volume Forecast, by Application (2024-2034)

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.4.8.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.4.8.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.4.8.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.4.9. Market Revenue and Volume Forecast, by Application (2024-2034)

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.4.10.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.4.10.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.4.10.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.4.10.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.4.11.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.4.11.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.4.11.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.4.11.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.5.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.5.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.5.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.5.5. Market Revenue and Volume Forecast, by Application (2024-2034)

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.5.6.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.5.6.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.5.6.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.5.7. Market Revenue and Volume Forecast, by Application (2024-2034)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Cooling Equipment (2024-2034)

13.5.8.2. Market Revenue and Volume Forecast, by Heating Equipment (2024-2034)

13.5.8.3. Market Revenue and Volume Forecast, by Ventilation Type (2024-2034)

13.5.8.4. Market Revenue and Volume Forecast, by Implementation Type (2024-2034)

13.5.8.5. Market Revenue and Volume Forecast, by Application (2024-2034)

Chapter 14. Company Profiles

14.1. Carrier Corporation

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Daikin Industries, Ltd.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Fujitsu

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Haier Group

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Havells India Ltd.

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Hitachi Ltd.

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Johnson Controls

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. LG Electronics

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Lennox International Inc.

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Mitsubishi Electric Corporation

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms