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HVAC Equipment-Global Market Insights and Sales Trends 2025
Synopsis
In residential, industrial or commercial buildings, heating or cooling is implemented by heating, ventilation, and air conditioning (HVAC) equipment.
The global HVAC Equipment market size is expected to reach US$ 204350 million by 2029, growing at a CAGR of 6.1% from 2023 to 2029. The market is mainly driven by the significant applications of HVAC Equipment in various end use industries. The expanding demands from the Non-Residential and Residential, are propelling HVAC Equipment market. Furnace, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heat Pump segment is estimated at % CAGR for the next seven-year period.
Rising population has opened up new avenues for the global HVAC equipment market. Regions like Asia-Pacific are witnessing rapid growth in residential properties, with China and India in the driver’s seat. The largest producer of HVAC equipment is China. It is highly influenced by increasing construction expenditure and rising industrialization. Latest technological breakthroughs have assisted the advancement of new HVAC equipment in the residential segment across the world. This can make the overall processes more efficient, and can significantly improve accuracy in various applications. Growing number of housing units are opening up new arenas for HVAC equipment installations. The residential segment is poised to grow at a faster rate and air conditioner manufacturers were able to increase their top line in Asia-Pacific, because of increase in atmospheric temperature in the region. Inverter ACs are expected to be adopted more in India, as the region is struggling with power shortage; even cities have regular power cuts. All these factors are delivering and creating an impact in the residential market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HVAC Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HVAC Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HVAC Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVAC Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HVAC Equipment covered in this report include Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls and LG Electronics, etc.
The global HVAC Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Carrier
DAIKIN INDUSTRIES
Ingersoll Rand
Johnson Controls
LG Electronics
Global HVAC Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HVAC Equipment market, Segment by Type:
Furnace
Heat Pump
Central Air Conditioning
Room Air Conditioning
Others
Global HVAC Equipment market, by Application
Non-Residential
Residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HVAC Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVAC Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
In residential, industrial or commercial buildings, heating or cooling is implemented by heating, ventilation, and air conditioning (HVAC) equipment.
The global HVAC Equipment market size is expected to reach US$ 204350 million by 2029, growing at a CAGR of 6.1% from 2023 to 2029. The market is mainly driven by the significant applications of HVAC Equipment in various end use industries. The expanding demands from the Non-Residential and Residential, are propelling HVAC Equipment market. Furnace, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heat Pump segment is estimated at % CAGR for the next seven-year period.
Rising population has opened up new avenues for the global HVAC equipment market. Regions like Asia-Pacific are witnessing rapid growth in residential properties, with China and India in the driver’s seat. The largest producer of HVAC equipment is China. It is highly influenced by increasing construction expenditure and rising industrialization. Latest technological breakthroughs have assisted the advancement of new HVAC equipment in the residential segment across the world. This can make the overall processes more efficient, and can significantly improve accuracy in various applications. Growing number of housing units are opening up new arenas for HVAC equipment installations. The residential segment is poised to grow at a faster rate and air conditioner manufacturers were able to increase their top line in Asia-Pacific, because of increase in atmospheric temperature in the region. Inverter ACs are expected to be adopted more in India, as the region is struggling with power shortage; even cities have regular power cuts. All these factors are delivering and creating an impact in the residential market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HVAC Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HVAC Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HVAC Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVAC Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HVAC Equipment covered in this report include Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls and LG Electronics, etc.
The global HVAC Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Carrier
DAIKIN INDUSTRIES
Ingersoll Rand
Johnson Controls
LG Electronics
Global HVAC Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HVAC Equipment market, Segment by Type:
Furnace
Heat Pump
Central Air Conditioning
Room Air Conditioning
Others
Global HVAC Equipment market, by Application
Non-Residential
Residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HVAC Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVAC Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 HVAC Equipment Market Overview
1.1 HVAC Equipment Product Overview
1.2 HVAC Equipment Market Segment by Type
1.2.1 Furnace
1.2.2 Heat Pump
1.2.3 Central Air Conditioning
1.2.4 Room Air Conditioning
1.2.5 Others
1.3 Global HVAC Equipment Market Size by Type
1.3.1 Global HVAC Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global HVAC Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global HVAC Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America HVAC Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe HVAC Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific HVAC Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America HVAC Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa HVAC Equipment Sales Breakdown by Type (2018-2023)
2 Global HVAC Equipment Market Competition by Company
2.1 Global Top Players by HVAC Equipment Sales (2018-2023)
2.2 Global Top Players by HVAC Equipment Revenue (2018-2023)
2.3 Global Top Players by HVAC Equipment Price (2018-2023)
2.4 Global Top Manufacturers HVAC Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 HVAC Equipment Market Competitive Situation and Trends
2.5.1 HVAC Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by HVAC Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in HVAC Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into HVAC Equipment Market
2.8 Key Manufacturers HVAC Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 HVAC Equipment Status and Outlook by Region
3.1 Global HVAC Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global HVAC Equipment Historic Market Size by Region
3.2.1 Global HVAC Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global HVAC Equipment Sales in Value by Region (2018-2023)
3.2.3 Global HVAC Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global HVAC Equipment Forecasted Market Size by Region
3.3.1 Global HVAC Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global HVAC Equipment Sales in Value by Region (2024-2029)
3.3.3 Global HVAC Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global HVAC Equipment by Application
4.1 HVAC Equipment Market Segment by Application
4.1.1 Non-Residential
4.1.2 Residential
4.2 Global HVAC Equipment Market Size by Application
4.2.1 Global HVAC Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global HVAC Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global HVAC Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America HVAC Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe HVAC Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific HVAC Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America HVAC Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa HVAC Equipment Sales Breakdown by Application (2018-2023)
5 North America HVAC Equipment by Country
5.1 North America HVAC Equipment Historic Market Size by Country
5.1.1 North America HVAC Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America HVAC Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America HVAC Equipment Sales in Value by Country (2018-2023)
5.2 North America HVAC Equipment Forecasted Market Size by Country
5.2.1 North America HVAC Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America HVAC Equipment Sales in Value by Country (2024-2029)
6 Europe HVAC Equipment by Country
6.1 Europe HVAC Equipment Historic Market Size by Country
6.1.1 Europe HVAC Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe HVAC Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe HVAC Equipment Sales in Value by Country (2018-2023)
6.2 Europe HVAC Equipment Forecasted Market Size by Country
6.2.1 Europe HVAC Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe HVAC Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific HVAC Equipment by Region
7.1 Asia-Pacific HVAC Equipment Historic Market Size by Region
7.1.1 Asia-Pacific HVAC Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific HVAC Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific HVAC Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific HVAC Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific HVAC Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific HVAC Equipment Sales in Value by Region (2024-2029)
8 Latin America HVAC Equipment by Country
8.1 Latin America HVAC Equipment Historic Market Size by Country
8.1.1 Latin America HVAC Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America HVAC Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America HVAC Equipment Sales in Value by Country (2018-2023)
8.2 Latin America HVAC Equipment Forecasted Market Size by Country
8.2.1 Latin America HVAC Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America HVAC Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa HVAC Equipment by Country
9.1 Middle East and Africa HVAC Equipment Historic Market Size by Country
9.1.1 Middle East and Africa HVAC Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa HVAC Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa HVAC Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa HVAC Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa HVAC Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa HVAC Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Carrier
10.1.1 Carrier Company Information
10.1.2 Carrier Introduction and Business Overview
10.1.3 Carrier HVAC Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Carrier HVAC Equipment Products Offered
10.1.5 Carrier Recent Development
10.2 DAIKIN INDUSTRIES
10.2.1 DAIKIN INDUSTRIES Company Information
10.2.2 DAIKIN INDUSTRIES Introduction and Business Overview
10.2.3 DAIKIN INDUSTRIES HVAC Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 DAIKIN INDUSTRIES HVAC Equipment Products Offered
10.2.5 DAIKIN INDUSTRIES Recent Development
10.3 Ingersoll Rand
10.3.1 Ingersoll Rand Company Information
10.3.2 Ingersoll Rand Introduction and Business Overview
10.3.3 Ingersoll Rand HVAC Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Ingersoll Rand HVAC Equipment Products Offered
10.3.5 Ingersoll Rand Recent Development
10.4 Johnson Controls
10.4.1 Johnson Controls Company Information
10.4.2 Johnson Controls Introduction and Business Overview
10.4.3 Johnson Controls HVAC Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Johnson Controls HVAC Equipment Products Offered
10.4.5 Johnson Controls Recent Development
10.5 LG Electronics
10.5.1 LG Electronics Company Information
10.5.2 LG Electronics Introduction and Business Overview
10.5.3 LG Electronics HVAC Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 LG Electronics HVAC Equipment Products Offered
10.5.5 LG Electronics Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 HVAC Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 HVAC Equipment Industrial Chain Analysis
11.4 HVAC Equipment Market Dynamics
11.4.1 HVAC Equipment Industry Trends
11.4.2 HVAC Equipment Market Drivers
11.4.3 HVAC Equipment Market Challenges
11.4.4 HVAC Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 HVAC Equipment Distributors
12.3 HVAC Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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