07-Apr-2025 | Zion Market Research
According to the report, the global HVAC systems market size was valued at approximately USD 281.50 Billion in 2024 and is predicted to reach around USD 543.49 Billion by the end of 2034, expanding at a CAGR of around 6.8% from 2025 to 2034.
Heating, ventilation, and air conditioning (HVAC) equipment is a sort of indoor and vehicular comfort technology that aids in thermal comfort and good indoor air quality. It is used in single-family homes, apartment buildings, hotels, and senior living facilities, as well as medium to large industrial and office buildings, such as skyscrapers and hospitals, vehicles, such as cars, trains, planes, ships, and submarines, and marine environments, where safe and healthy building conditions, such as temperature and humidity, are regulated using fresh air from the outside.
Future development is being paved by an increase in multi-family and single-family residences. Energy efficiency is becoming increasingly important in the HVAC industry. Several automakers are concentrating on green initiatives in order to save money while reducing greenhouse gas emissions. As a result, in recent years, there has been a shift toward ecologically friendly HVAC equipment. This comprises things that consume less energy and are powered by renewable energy sources, resulting in lower energy costs. As a result, geothermal cooling and heating equipment has become more popular in recent years, eliminating the need for fuel-powered equipment. Customers' desire for comfort is paving the way for expansion.
The global HVAC Systems market is segregated based on cooling equipment,heating equipment, ventilation equipment, implementation type, application and region The market is divided into unitary air conditioners, VRF systems, chillers, room air conditioners, coolers, and cooling towers based on cooling equipment. Buildings, schools, businesses, and retail facilities all use unitary systems, particularly where low initial costs and ease of installation are important. A unitary air conditioner is a small self-contained electrical unit that includes a motor-driven refrigeration compressor, evaporative cooling coil, and air-cooled condenser, as well as filters, fans, and controls. Unitary air conditioners are installed on the roof or the outside of buildings. They are high-performing as well as energy-efficient. Split and packaged air conditioners are examples of unitary air conditioners. Unitary air conditioners are made by Daikin, Ingersoll Rand, Johnson Controls, Nortek, and Lennox, among others.
Heat pumps, furnaces, unitary heaters, and boilers are the several types of heating equipment on the market. The market for furnaces is estimated to grow at the quickest CAGR during the forecast period. The furnaces segment is being growing due to the cheap initial costs, longer lifespans, and increased demand in residential applications. The HVAC system market was controlled by the residential furnace sector. Demand for furnaces in residential applications is likely to rise as a result of government grants and rebates for homeowners replacing ageing heating equipment with new furnaces. For instance, the government of British Columbia (BC) offers rebates of up to USD 700 to homeowners who purchase a new gas heater.
The HVAC systems market in APAC is predicted to have the largest market share throughout the forecast period. China, Japan, and India are just a handful of the major APAC HVAC system manufacturers. The HVAC system sector in the region is being propelled forward by two key factors: increasing development activity and a growing population. Smart houses are in high demand in nations such as Japan, South Korea, and China. As a result of increased urbanisation and industry, the need for HVAC systems in the region is growing.Furthermore, regulatory programmes such as Australia's Commercial Building Disclosure (CBD) Program, India's Energy Conservation Building Codes, the LEED-India project, and the formation of the Indian Society of Heating, Refrigeration, and Air-Conditioning Engineers (ISHRAE) all contribute to the region's HVAC system adoption.
Recent developments:
Browse the full “HVAC Systems Market By Category (Cooling Equipment, Unitary air conditioners, VRF systems, Chillers Room air conditioners, Coolers, Cooling towers), By Heating Equipment (Heat pumps, Furnaces, Unitary heaters, Boilers), Ventilation Equipment (Air handling units, Air filters, Dehumidifiers, Ventilation fans, Humidifiers, Air purifiers), Implementation Type (New Construction, Retrofit), Application (Residential, Commercial, Industrial), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034.” Report at https://www.zionmarketresearch.com/report/hvac-systems-market
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the HVAC systems market on a global and regional basis.
The global HVAC systems market is dominated by players like:
The global HVAC systems market is segmented as follows;
By Category
By Heating Equipment
By Ventilation Equipment
By Implementation Type
By Application
By Region
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed