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HVAC Systems Market - Global Industry Analysis

HVAC Systems Market by Heating Product (Heat Pumps, Furnaces, Space Heaters, and Boilers), by Air Conditioning Product (Room/Unitary Air Conditioners, Chillers, VRF Systems, Coolers, and Others), by Ventilation Product (Air Filters, Air Purifiers, Centrifugal Fans, Roof Vent, Ventilation Fan, and Air Handling Unit), and by Application Area (Residential, Commercial, Manufacturing, and Automotive): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 30-Oct-2018 Category: Semiconductor & Electronics Report Format : PDF Pages: 176 Report Code: ZMR-3482 Status : Published

Global HVAC systems market expected to reach USD 265.2 billion globally by 2024, with a CAGR of around 6.9% between 2018 and 2024. Heating, ventilation, and air conditioning (HVAC) systems provide heating and cooling services. These systems control the indoor air quality, humidity, and temperature of buildings and vehicles.

Description

The report analyzes and forecasts the HVAC systems market on a global and regional level. The study offers historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The assessment of HVAC systems market dynamics gives a brief insight into the drivers and restraints of the HVAC systems market along with the impact they have on the demand over the forecast years. Additionally, the report also includes the study of opportunities available in the HVAC systems market on a global level.

The report gives a transparent view of the HVAC systems market. We have included a detailed competitive scenario and a portfolio of leading vendors operative in the HVAC systems market. To understand the competitive landscape in the HVAC systems market, an analysis of Porter’s Five Forces model has also been included. The study encompasses a market attractiveness analysis, wherein heating product, air conditioning product, ventilation product, application area, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global HVAC Systems Market

The study provides a crucial view of the HVAC systems market by segmenting it based on heating product, air conditioning product, ventilation product, application area, and region. All segments of the HVAC systems market have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on heating product, the global HVAC systems market is divided into heat pumps, furnaces, space heaters, and boilers. Based on air conditioning product, the global HVAC systems market is segmented into the room/unitary air conditioners, chillers, VRF systems, coolers, and others. Ventilation product segment consists of air filters, air purifiers, centrifugal fans, roof vent, ventilation fan, and an air handling unit. Residential, commercial, automotive, and manufacturing are part of the application area segment of the global HVAC systems market. The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe for HVAC systems market with further division into the U.S., Canada, Mexico, UK, France, Germany, Italy, Russia, Spain, China, Japan, India, Thailand, Malaysia, Brazil, Argentina, Peru, Chile, Saudi Arabia, and United Arab Emirates.

The competitive profiling of noticeable players of the HVAC systems market includes the companies and their financial overview, business strategies adopted by them, their recent developments, and products offered that can help in the assessment of the market competition. The key players included in this report include LG Electronics Inc., Daikin, Honeywell, Emerson, Electrolux, United Technologies, Johnson Controls, Ingersoll-Rand, Nortek, Lennox, Samsung Electronics, Hitachi, Mitsubishi Electric, Panasonic Corporation, and Whirlpool, among others.

This report segments the global HVAC systems market as follows:

Global HVAC Systems Market: Heating Product Segment Analysis

  • Heat Pumps
  • Furnaces
  • Space Heaters
  • Boilers

Global HVAC Systems Market: Air Conditioning Product Segment Analysis

  • Room/Unitary Air Conditioners
  • Chillers
  • VRF Systems
  • Coolers
  • Others

Global HVAC Systems Market: Ventilation Product Segment Analysis

  • Air Filters
  • Air Purifiers
  • Centrifugal Fans
  • Roof Vent
  • Ventilation Fan
  • Air Handling Unit

Global HVAC Systems Market: Application Area Segment Analysis

  • Residential
  • Commercial
  • Manufacturing
  • Automotive

Global HVAC Systems market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global HVAC Systems Market, 2015-2024,(USD Billion)
    • 2.2. HVAC Systems Market: Market Snapshot
  •  
  • Chapter 3. Global HVAC Systems market- Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
        • 3.4.1.1. Rising Demand for HVAC systems in the U.S. manufacturing sector
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. High initial investments
    • 3.6. Opportunity
      • 3.6.1. Integration of IoT with HVAC systems
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. HVAC Systems Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Heating Product Segment
      • 3.11.2. Market Attractiveness Analysis by Air Conditioning Product Segment
      • 3.11.3. Market Attractiveness Analysis by Ventilation Product Segment
      • 3.11.4. Market Attractiveness Analysis by Application Area Segment
      • 3.11.5. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Global HVAC Systems Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. HVAC Systems Market - Heating Product Segment Analysis
    • 5.1. Global HVAC Systems Market Revenue Share, by Heating Product, 2017 - 2024(USD Billion)
    • 5.2. Global HVAC Systems market by Heat Pumps, 2015 - 2024(USD Billion)
    • 5.3. Global HVAC Systems Market by Furnaces, 2015 - 2024(USD Billion)
    • 5.4. Global HVAC Systems Market by Space Heaters, 2015 - 2024 (USD Billion)
    • 5.5. Global HVAC Systems Market by Boilers, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. HVAC Systems Market - Air Conditioning Product Segment Analysis
    • 6.1. Global HVAC Systems Market Revenue Share, by Air Conditioning Product, 2017 - 2024 (USD Billion)
    • 6.2. Global HVAC Systems market by Room/Unitary Air Conditioners, 2015 - 2024 (USD Billion)
    • 6.3. Global HVAC Systems Market by Chillers, 2015 - 2024 (USD Billion)
    • 6.4. Global HVAC Systems Market by VRF Systems, 2015 - 2024 (USD Billion)
    • 6.5. Global HVAC Systems Market by Coolers, 2015 - 2024 (USD Billion)
    • 6.6. Global HVAC Systems Market by Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. HVAC Systems Market - Ventilation Product Segment Analysis
    • 7.1. Global HVAC Systems Market Revenue Share, by Ventilation Product, 2017 & 2024 (USD Billion)
    • 7.2. Global HVAC Systems market by Air Filters,2015 - 2024 (USD Billion)
    • 7.3. Global HVAC Systems market by Air Purifiers, 2015 - 2024 (USD Billion)
    • 7.4. Global HVAC Systems market by Centrifugal Fans, 2015 - 2024 (USD Billion)
    • 7.5. Global HVAC Systems market by Roof Vent, 2015 - 2024 (USD Billion)
    • 7.6. Global HVAC Systems Market by Ventilation Fan, 2015 - 2024 (USD Billion)
    • 7.7. Global HVAC Systems Market by Air Handling Unit, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. HVAC Systems Market - Application Area Segment Analysis
    • 8.1. Global HVAC Systems Market Revenue Share, by Application Area, 2017 &2024(USD Billion)
    • 8.2. Global HVAC Systems market by Residential, 2015 - 2024 (USD Billion)
    • 8.3. Global HVAC Systems market by Commercial, 2015 - 2024 (USD Billion)
    • 8.4. Global HVAC Systems market by Manufacturing, 2015 - 2024 (USD Billion)
    • 8.5. Global HVAC Systems market by Automotive, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. HVAC Systems market - Regional Analysis
    • 9.1. Global HVAC Systems Market: Regional Overview
      • 9.1.1. Global HVAC Systems Market Revenue Share, by Region, 2017 And 2024(USD Billion)
    • 9.2. North America
      • 9.2.1. North America HVAC Systems Market Revenue 2015 - 2024 (USD Billion)
      • 9.2.2. North America HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
      • 9.2.3. North America HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
      • 9.2.4. North America HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
      • 9.2.5. North America HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.2.6. The U.S.
        • 9.2.6.1. The U.S. HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.2.6.2. The U.S. HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.2.6.3. The U.S. HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.2.6.4. The U.S. HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.2.7. Canada
        • 9.2.7.1. Canada HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.2.7.2. Canada HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.2.7.3. Canada HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.2.7.4. Canada HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.2.8. Mexico
        • 9.2.8.1. Mexico HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.2.8.2. Mexico HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.2.8.3. Mexico HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.2.8.4. Mexico HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
    • 9.3. Europe
      • 9.3.1. Europe HVAC Systems Market Revenue 2015 - 2024 (USD Billion)
      • 9.3.2. Europe HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
      • 9.3.3. Europe HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
      • 9.3.4. Europe HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
      • 9.3.5. Europe HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.3.6. UK
        • 9.3.6.1. UK HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.3.6.2. UK HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.3.6.3. UK HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.3.6.4. UK HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.3.7. France
        • 9.3.7.1. France HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.3.7.2. France HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.3.7.3. France HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.3.7.4. France HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.3.8. Germany
        • 9.3.8.1. Germany HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.3.8.2. Germany HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.3.8.3. Germany HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.3.8.4. Germany HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.3.9. Italy
        • 9.3.9.1. Italy HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.3.9.2. Italy HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.3.9.3. Italy HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.3.9.4. Italy HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.3.10. Russia
        • 9.3.10.1. Russia HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.3.10.2. Russia HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.3.10.3. Russia HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.3.10.4. Russia HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.3.11. Spain
        • 9.3.11.1. Spain HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.3.11.2. Spain HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.3.11.3. Spain HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.3.11.4. Spain HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.3.12. Rest of Europe
        • 9.3.12.1. Rest of Europe HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.3.12.2. Rest of Europe HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.3.12.3. Rest of Europe HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.3.12.4. Rest of Europe HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific HVAC Systems Market Revenue 2015 - 2024 (USD Billion)
      • 9.4.2. Asia Pacific HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
      • 9.4.3. Asia Pacific HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
      • 9.4.4. Asia Pacific HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
      • 9.4.5. Asia Pacific HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.4.6. China
        • 9.4.6.1. China HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.4.6.2. China HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.4.6.3. China HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.4.6.4. China HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.4.7. Japan
        • 9.4.7.1. Japan HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.4.7.2. Japan HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.4.7.3. Japan HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.4.7.4. Japan HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.4.8. India
        • 9.4.8.1. India HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.4.8.2. India HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.4.8.3. India HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.4.8.4. India HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.4.9. Thailand
        • 9.4.9.1. Thailand HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.4.9.2. Thailand HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.4.9.3. Thailand HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.4.9.4. Thailand HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.4.10. Malaysia
        • 9.4.10.1. Malaysia HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.4.10.2. Malaysia HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.4.10.3. Malaysia HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.4.10.4. Malaysia HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.4.11. Rest of Asia Pacific
        • 9.4.11.1. Rest of Asia Pacific HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.4.11.2. Rest of Asia Pacific HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.4.11.3. Rest of Asia Pacific HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.4.11.4. Rest of Asia Pacific HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
    • 9.5. Latin America
      • 9.5.1. Latin America HVAC Systems Market Revenue 2015 - 2024 (USD Billion)
      • 9.5.2. Latin America HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
      • 9.5.3. Latin America HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
      • 9.5.4. Latin America HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
      • 9.5.5. Latin America HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.5.6. Brazil
        • 9.5.6.1. Brazil HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.5.6.2. Brazil HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.5.6.3. Brazil HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.5.6.4. Brazil HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.5.7. Argentina
        • 9.5.7.1. Argentina HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.5.7.2. Argentina HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.5.7.3. Argentina HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.5.7.4. Argentina HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.5.8. Peru
        • 9.5.8.1. Peru HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.5.8.2. Peru HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.5.8.3. Peru HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.5.8.4. Peru HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.5.9. Chile
        • 9.5.9.1. Chile HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.5.9.2. Chile HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.5.9.3. Chile HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.5.9.4. Chile HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.5.10. Rest of Latin America
        • 9.5.10.1. Rest of Latin America HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.5.10.2. Rest of Latin America HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
        • 9.5.10.3. Rest of Latin America HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.5.10.4. Rest of Latin America HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
    • 9.6. The Middle East &Africa
      • 9.6.1. The Middle East & Africa HVAC Systems Market Revenue 2015 - 2024 (USD Billion)
      • 9.6.2. The Middle East & Africa HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
      • 9.6.3. The Middle East & Africa HVAC Systems Market Revenue, by Air Conditioning Product,2015 - 2024 (USD Billion)
      • 9.6.4. The Middle East & Africa HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
      • 9.6.5. The Middle East & Africa HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.6.6. Saudi Arabia
        • 9.6.6.1. Saudi Arabia HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.6.6.2. Saudi Arabia HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.6.6.3. Saudi Arabia HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.6.6.4. Saudi Arabia HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.6.7. United Arab Emirates
        • 9.6.7.1. United Arab Emirates HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.6.7.2. United Arab Emirates HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.6.7.3. United Arab Emirates HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.6.7.4. United Arab Emirates HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 9.6.8. Rest of MEA
        • 9.6.8.1. Rest of MEA HVAC Systems Market Revenue, by Heating Product, 2015 - 2024 (USD Billion)
        • 9.6.8.2. Rest of MEA HVAC Systems Market Revenue, by Air Conditioning Product, 2015 - 2024 (USD Billion)
        • 9.6.8.3. Rest of MEA HVAC Systems Market Revenue, by Ventilation Product, 2015 - 2024 (USD Billion)
        • 9.6.8.4. Rest of MEA HVAC Systems Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
  •  
  • Chapter 10. Company Profiles
    • 10.1. LG Electronics Inc.
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. Daikin
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Product portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Honeywell
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Product portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. Emerson
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Product portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. Electrolux
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Product portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. United Technologies
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Product portfolio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
    • 10.7. Johnson Controls
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Product portfolio
      • 10.7.4. Business strategy
      • 10.7.5. Recent developments
    • 10.8. Ingersoll-Rand
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Product portfolio
      • 10.8.4. Business strategy
      • 10.8.5. Recent developments
    • 10.9. Nortek
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Product portfolio
      • 10.9.4. Business strategy
      • 10.9.5. Recent developments
    • 10.10. Lennox
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Product portfolio
      • 10.10.4. Business strategy
      • 10.10.5. Recent developments
    • 10.11. Samsung Electronics
      • 10.11.1. Overview
      • 10.11.2. Financials
      • 10.11.3. Product portfolio
      • 10.11.4. Business strategy
      • 10.11.5. Recent developments
    • 10.12. Hitachi
      • 10.12.1. Overview
      • 10.12.2. Financials
      • 10.12.3. Product portfolio
      • 10.12.4. Business strategy
      • 10.12.5. Recent developments
    • 10.13. Mitsubishi Electric
      • 10.13.1. Overview
      • 10.13.2. Financials
      • 10.13.3. Product portfolio
      • 10.13.4. Business strategy
      • 10.13.5. Recent developments
    • 10.14. Panasonic Corporation
      • 10.14.1. Overview
      • 10.14.2. Financials
      • 10.14.3. Product portfolio
      • 10.14.4. Business strategy
      • 10.14.5. Recent developments
    • 10.15. Whirlpool
      • 10.15.1. Overview
      • 10.15.2. Financials
      • 10.15.3. Product portfolio
      • 10.15.4. Business strategy
      • 10.15.5. Recent developments

List of Figures 

1. Global HVAC Systems market Segmentation by Heating Product, Air Conditioning Product, Ventilation Product, Application Area, and Geography
2. Global HVAC Systems market, 2017-2024(USD Billion)
3. Porter’s Five Forces Analysis: HVAC Systems Market
4. Global HVAC Systems Market Attractiveness, by Heating Product
5. Global HVAC Systems Market Attractiveness, by Air Conditioning Product
6. Global HVAC Systems Market Attractiveness, by Ventilation Product
7. Global HVAC Systems Market Attractiveness, by Application Area
8. Global HVAC Systems market Attractiveness, by Regional
9. Global HVAC Systems Market Revenue Share, by Heating Product, 2017 – 2024(USD Billion)
10. Global HVAC Systems Market by Heat Pumps, 2015 – 2024(USD Billion)
11. Global HVAC Systems Market by Furnaces, 2015 – 2024(USD Billion)
12. Global HVAC Systems Market by Space Heaters, 2015 – 2024(USD Billion)
13. Global HVAC Systems Market by Boilers, 2015 – 2024(USD Billion)
14. Global HVAC Systems Market Revenue Share, by Air Conditioning Product, 2017 & 2024 (USD Billion)
15. Global HVAC Systems Market by Room/Unitary Air Conditioners, 2015 – 2024(USD Billion)
16. Global HVAC Systems Market by Chillers, 2015 – 2024(USD Billion)
17. Global HVAC Systems Market by VRF Systems, 2015 – 2024(USD Billion)
18. Global HVAC Systems Market by Coolers, 2015 – 2024(USD Billion)
19. Global HVAC Systems Market by Others, 2015 – 2024(USD Billion)
20. Global HVAC Systems Market Revenue Share, by Ventilation Product, 2017 & 2024 (USD Billion)
21. Global HVAC Systems Market by Air Filters2015 – 2024(USD Billion)
22. Global HVAC Systems Market by Air Purifiers, 2015 – 2024(USD Billion)
23. Global HVAC Systems Market by Centrifugal Fans, 2015 – 2024(USD Billion)
24. Global HVAC Systems Market by Roof Vent, 2015 – 2024(USD Billion)
25. Global HVAC Systems Market by Ventilation Fan, 2015 – 2024(USD Billion)
26. Global HVAC Systems Market by Air Handling Unit, 2015 – 2024(USD Billion)
27. Global HVAC Systems Market Revenue Share, by Application Area, 2017 & 2024(USD Billion)
28. Global HVAC Systems Market by Residential, 2015 – 2024(USD Billion)
29. Global HVAC Systems Market by Commercial, 2015 – 2024(USD Billion)
30. Global HVAC Systems Market by Manufacturing, 2015 – 2024(USD Billion)
31. Global HVAC Systems Market by Automotive, 2015 – 2024(USD Billion)
32. Global HVAC Systems Market Revenue Share, by Region, 2017-2024(USD Billion)
33. North America HVAC Systems market, 2015-2024,(USD Billion)
34. Europe HVAC Systems market, 2015-2024,(USD Billion)
35. Asia Pacific HVAC Systems market, 2015-2024(USD Billion)
36. Latin America HVAC Systems market, 2015 – 2024(USD Billion)
37. The Middle East & Africa HVAC Systems market, 2015 – 2024,(USD Billion)


List of Tables

1. Global HVAC Systems market snapshot
2. Drivers for HVAC Systems market: Impact analysis
3. Restraints of HVAC Systems market: Impact analysis
4. North America HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion)
5. North America HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
6. North America HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
7. North America HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
8. The U.S. HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
9. The U.S. HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion) 
10. The U.S. HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
11. The U.S. HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
12. Canada HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
13. Canada HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion) 
14. Canada HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
15. Canada HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
16. Mexico HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
17. Mexico HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
18. Mexico HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
19. Mexico HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
20. Europe HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
21. Europe HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
22. Europe HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
23. Europe HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
24. UK HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
25. UK HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
26. UK HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
27. UK HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
28. France HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
29. France HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
30. France HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
31. France HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
32. Germany HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
33. Germany HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
34. Germany HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
35. Germany HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
36. Italy HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
37. Italy HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
38. Italy HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
39. Italy HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
40. Russia HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
41. Russia HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
42. Russia HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
43. Russia HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
44. Spain HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
45. Spain HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
46. Spain HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
47. Spain HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
48. Rest of Europe HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
49. Rest of Europe HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
50. Rest of Europe HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
51. Rest of Europe HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
52. Asia Pacific HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
53. Asia Pacific HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
54. Asia Pacific HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
55. Asia Pacific HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
56. China HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
57. China HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
58. China HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
59. China HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
60. Japan HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
61. Japan HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
62. Japan HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
63. Japan HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
64. India HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion)
65. India HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
66. India HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
67. India HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
68. Thailand HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
69. Thailand HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
70. Thailand HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
71. Thailand HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
72. Malaysia HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion)
73. Malaysia HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion) 
74. Malaysia HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
75. Malaysia HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
76. Rest of Asia Pacific HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
77. Rest of Asia Pacific HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
78. Rest of Asia Pacific HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
79. Rest of Asia Pacific HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
80. Latin America HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
81. Latin America HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
82. Latin America HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
83. Latin America HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
84. Brazil HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
85. Brazil HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
86. Brazil HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
87. Brazil HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
88. Argentina HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
89. Argentina HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
90. Argentina HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
91. Argentina HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
92. Peru HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
93. Peru HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
94. Peru HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
95. Peru HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
96. Chile HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
97. Chile HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
98. Chile HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
99. Chile HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
100. Rest of Latin America HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
101. Rest of Latin America HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
102. Rest of Latin America HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
103. Rest of Latin America HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
104. The Middle East & Africa HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
105. The Middle East & Africa HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
106. The Middle East & Africa HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
107. The Middle East & Africa HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
108. Saudi Arabia HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
109. Saudi Arabia HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
110. Saudi Arabia HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
111. Saudi Arabia HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
112. United Arab Emirates HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
113. United Arab Emirates HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
114. United Arab Emirates HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
115. United Arab Emirates HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)
116. Rest of MEA HVAC Systems Market Revenue, By Heating Product, 2015 – 2024 (USD Billion) 
117. Rest of MEA HVAC Systems Market Revenue, By Air Conditioning Product, 2015 – 2024 (USD Billion)
118. Rest of MEA HVAC Systems Market Revenue, By Ventilation Product, 2015 – 2024 (USD Billion)
119. Rest of MEA HVAC Systems Market Revenue, By Application Area, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

Heating, ventilation, and air conditioning (HVAC) systems provide heating and cooling services. These systems control the indoor air quality, humidity, and temperature of buildings and vehicles. HVAC systems are used in commercial, residential, and industrial buildings.

The HVAC systems market is driven by the rising demand for air conditioning systems. In 2017, the global demand for air condition systems was about 110.56 million units, a rise of about 8% from 2016. Major countries contributing to this growth were the U.S. and China. In 2016, the U.S and China contributed to almost 60% of the total global air conditioning systems stock. The annual AC sales in the U.S. were about 24 million units during the same year. Furthermore, in 2016, it was estimated that the residential air conditioning systems sales in China alone were about 40 million units. Thus, it is expected that the rising demand for air conditioning systems will fuel the HVAC systems market during the forecast period.

Global HVAC Systems Market

Rising investments made in commercial properties is anticipated to drive the HVAC systems market during the estimated timeframe. Global commercial real estate sector investment increased by 6% from 2016 to 2017. It is projected that the commercial construction expenses would increase by 4% in 2018. These investments are anticipated to increase during the forecast period. However, high investments for energy-efficient HVAC systems are expected to have an adverse effect on this market. Additionally, integration of IoT with HVAC systems will open new avenues for the HVAC systems market.

The HVAC systems market is fragmented into the heating product, air conditioning product, ventilation product, application area, and region. Based on air conditioning product, the global HVAC market is divided into the room/unitary air conditioners, chillers, VRF systems, coolers, and others. The room/unitary air conditioners segment is anticipated to hold a considerable share during the forecast period, owing to increasing investments made in the residential construction sector. Heat pumps, furnaces, space heaters, and boilers form the heating product segment of the HVAC systems market. The heat pumps segment is anticipated to grow at a substantial rate during the forecast period, due to their rising demand in the European region.

Asia Pacific is projected to hold a significant share in the global HVAC systems market during the forecast timeframe. This is due to the presence of major players in the region, such as LG Electronics Inc., Samsung Electronics Co. Ltd., Panasonic Corporation, etc. Technological developments and the rising investments made in the consumer electronics sector in the Asia Pacific region are further fueling the growth of the HVAC systems market. Thus, the Asia Pacific region is expected to have a considerable market share during the estimated period.

Top manufacturers in the HVAC system market include LG Electronics Inc., Daikin, Honeywell, Emerson, Electrolux, United Technologies, Johnson Controls, Ingersoll-Rand, Nortek, Lennox, Samsung Electronics, Hitachi, Mitsubishi Electric, Panasonic Corporation, and Whirlpool, among others.

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