Global HVAC Equipment Market Size, Share, Growth Analysis Report - Forecast 2034
HVAC Equipment Market By Equipment Type (Heating (Furnaces, Heat Pumps), Ventilation (Air Handlers, Exhaust Fans), Air Conditioning (Split ACs, Packaged ACs, Chillers)), By Application (Residential, Commercial, Industrial), By Technology (Manual, Semi-Automatic, Fully Automatic), By End-user (Construction, Healthcare, Education, Retail, Hospitality, Others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Heavy Industry Report Format : PDF
Pages: 218 Report Code: ZMR-7154
Published Date: Jun-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 138.19 Billion | USD 254.33 Billion | 6.29% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global HVAC Equipment Market, (2023 - 2030) (USD Billion)
- 2.2 Global HVAC Equipment Market : snapshot
- Chapter 3. Global HVAC Equipment Market - Industry Analysis
- 3.1 HVAC Equipment Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing demand for energy-efficient solutions to provide market growth
- 3.3 Market Restraints
- 3.3.1. Changing season-based demand to restrict market expansion
- 3.4 Market Opportunities
- 3.4.1. Increasing demand for smart HVAC systems to provide excellent growth opportunities
- 3.5 Market Challenges
- 3.5.1. Rapidly changing technology to challenge market growth
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By End-Use
- 3.7.2 Market attractiveness analysis By Product
- Chapter 4. Global HVAC Equipment Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global HVAC Equipment Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global HVAC Equipment Market - End-Use Analysis
- 5.1 Global HVAC Equipment Market overview: By End-Use
- 5.1.1 Global HVAC Equipment Market share, By End-Use, 2022 and 2030
- 5.2 Commercial
- 5.2.1 Global HVAC Equipment Market by Commercial, 2023 - 2030 (USD Billion)
- 5.3 Residential
- 5.3.1 Global HVAC Equipment Market by Residential, 2023 - 2030 (USD Billion)
- 5.4 Industrial
- 5.4.1 Global HVAC Equipment Market by Industrial, 2023 - 2030 (USD Billion)
- 5.1 Global HVAC Equipment Market overview: By End-Use
- Chapter 6. Global HVAC Equipment Market - Product Analysis
- 6.1 Global HVAC Equipment Market overview: By Product
- 6.1.1 Global HVAC Equipment Market share, By Product, 2022 and 2030
- 6.2 Ventilation
- 6.2.1 Global HVAC Equipment Market by Ventilation, 2023 - 2030 (USD Billion)
- 6.3 Heating
- 6.3.1 Global HVAC Equipment Market by Heating, 2023 - 2030 (USD Billion)
- 6.4 Cooling
- 6.4.1 Global HVAC Equipment Market by Cooling, 2023 - 2030 (USD Billion)
- 6.1 Global HVAC Equipment Market overview: By Product
- Chapter 7. HVAC Equipment Market - Regional Analysis
- 7.1 Global HVAC Equipment Market Regional Overview
- 7.2 Global HVAC Equipment Market Share, by Region, 2022 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.3.1.1 North America HVAC Equipment Market, by Country, 2023 - 2030 (USD Billion)
- 7.3.1 North America HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.4 North America HVAC Equipment Market, by End-Use, 2023 - 2030
- 7.4.1 North America HVAC Equipment Market, by End-Use, 2023 - 2030 (USD Billion)
- 7.5 North America HVAC Equipment Market, by Product, 2023 - 2030
- 7.5.1 North America HVAC Equipment Market, by Product, 2023 - 2030 (USD Billion)
- 7.4. Europe
- 7.4.2 Europe HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.4.2.1 Europe HVAC Equipment Market, by Country, 2023 - 2030 (USD Billion)
- 7.4.2 Europe HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.4 Europe HVAC Equipment Market, by End-Use, 2023 - 2030
- 7.4.1 Europe HVAC Equipment Market, by End-Use, 2023 - 2030 (USD Billion)
- 7.5 Europe HVAC Equipment Market, by Product, 2023 - 2030
- 7.5.1 Europe HVAC Equipment Market, by Product, 2023 - 2030 (USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.5.3.1 Asia Pacific HVAC Equipment Market, by Country, 2023 - 2030 (USD Billion)
- 7.5.3 Asia Pacific HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.4 Asia Pacific HVAC Equipment Market, by End-Use, 2023 - 2030
- 7.4.1 Asia Pacific HVAC Equipment Market, by End-Use, 2023 - 2030 (USD Billion)
- 7.5 Asia Pacific HVAC Equipment Market, by Product, 2023 - 2030
- 7.5.1 Asia Pacific HVAC Equipment Market, by Product, 2023 - 2030 (USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.6.4.1 Latin America HVAC Equipment Market, by Country, 2023 - 2030 (USD Billion)
- 7.6.4 Latin America HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.4 Latin America HVAC Equipment Market, by End-Use, 2023 - 2030
- 7.4.1 Latin America HVAC Equipment Market, by End-Use, 2023 - 2030 (USD Billion)
- 7.5 Latin America HVAC Equipment Market, by Product, 2023 - 2030
- 7.5.1 Latin America HVAC Equipment Market, by Product, 2023 - 2030 (USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.7.5.1 The Middle-East and Africa HVAC Equipment Market, by Country, 2023 - 2030 (USD Billion)
- 7.7.5 The Middle-East and Africa HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 7.4 The Middle-East and Africa HVAC Equipment Market, by End-Use, 2023 - 2030
- 7.4.1 The Middle-East and Africa HVAC Equipment Market, by End-Use, 2023 - 2030 (USD Billion)
- 7.5 The Middle-East and Africa HVAC Equipment Market, by Product, 2023 - 2030
- 7.5.1 The Middle-East and Africa HVAC Equipment Market, by Product, 2023 - 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Johnson Controls International plc
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Daikin Industries
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Mitsubishi Electric Corporation
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Carrier Global Corporation
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Trane Technologies
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Lennox International Inc.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Samsung Electronics
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 LG Electronics
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Fujitsu General Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Panasonic Corporation
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Hitachi Ltd.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Rheem Manufacturing Company
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Bosch Thermotechnik GmbH
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Gree Electric Appliances Inc. of Zhuhai
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Ingersoll Rand Inc.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Nortek Global HVAC LLC.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Midea Group Co. Ltd.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Honeywell International Inc.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Zamil Air Conditioners
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 United Technologies Corporation
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Amongst Many Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 Johnson Controls International plc
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global HVAC Equipment Market attractiveness, By End-Use
- 6. Global HVAC Equipment Market attractiveness, By Product
- 7. Global HVAC Equipment Market share by End-Use, 2023 and 2030 (USD Billion)
- 8. Global HVAC Equipment Market by Commercial, 2023 - 2030 (USD Billion)
- 9. Global HVAC Equipment Market by Residential, 2023 - 2030 (USD Billion)
- 10. Global HVAC Equipment Market by Industrial, 2023 - 2030 (USD Billion)
- 11. Global HVAC Equipment Market share by Product, 2023 and 2030 (USD Billion)
- 12. Global HVAC Equipment Market by Ventilation, 2023 - 2030 (USD Billion)
- 13. Global HVAC Equipment Market by Heating, 2023 - 2030 (USD Billion)
- 14. Global HVAC Equipment Market by Cooling, 2023 - 2030 (USD Billion)
- 15. Global HVAC Equipment Market share, by Region, 2023 and 2030
- 16. North America HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 17. Europe HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 18. Asia Pacific HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 19. Latin America HVAC Equipment Market, 2023 - 2030 (USD Billion)
- 20. The Middle-East and Africa HVAC Equipment Market, 2023 - 2030 (USD Billion)
Table Of Tables
- 1. Global HVAC Equipment Market: Snapshot
- 2. Drivers of the HVAC Equipment Market: impact analysis
- 3. North America HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 4. North America HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 5. U.S. HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 6. U.S. HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 7. Canada HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 8. Canada HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 9. Europe HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 10. Europe HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 11. Germany HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 12. Germany HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 13. France HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 14. France HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 15. U.K. HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 16. U.K. HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 17. Italy HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 18. Italy HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 19. Spain HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 20. Spain HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 21. Rest of Europe HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 22. Rest of Europe HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 23. Asia Pacific HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 24. Asia Pacific HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 25. China HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 26. China HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 27. Japan HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 28. Japan HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 29. India HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 30. India HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 31. South Korea HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 32. South Korea HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 33. South-East Asia HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 34. South-East Asia HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 35. Rest of Asia Pacific HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 36. Rest of Asia Pacific HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 37. Latin America HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 38. Latin America HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 39. Brazil HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 40. Brazil HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 41. Mexico HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 42. Mexico HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 43. Rest of Latin America HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 44. Rest of Latin America HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 45. The Middle-East and Africa HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 46. The Middle-East and Africa HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 47. GCC Countries HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 48. GCC Countries HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 49. South Africa HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 50. South Africa HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
- 51. Rest of Middle-East Africa HVAC Equipment Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 52. Rest of Middle-East Africa HVAC Equipment Market revenue, By Product, 2023 - 2030 (USD Billion)
Methodology
FrequentlyAsked Questions
The industry deals with the sales of heating, ventilation, and air conditioning (HVAC) products for residential, commercial, or industrial settings.
The global HVAC equipment market is expected to grow due to increasing construction activity, rising demand for energy-efficient systems, and climate change-related temperature variations boosting heating and cooling needs.
According to a study, the global HVAC equipment market size was worth around USD 138.19 Billion in 2024 and is expected to reach USD 254.33 Billion by 2034.
The global HVAC equipment market is expected to grow at a CAGR of 6.29% during the forecast period.
Asia-Pacific is expected to dominate the HVAC equipment market over the forecast period.
Leading players in the global HVAC equipment market include Johnson Controls International plc, Daikin Industries, Mitsubishi Electric Corporation, Carrier Global Corporation, Trane Technologies, Lennox International Inc., Samsung Electronics, LG Electronics, Fujitsu General Ltd., Panasonic Corporation, Hitachi, Ltd., Rheem Manufacturing Company, Bosch Thermotechnik GmbH, Gree Electric Appliances Inc. of Zhuhai, Ingersoll Rand Inc., Nortek Global HVAC LLC., Midea Group Co., Ltd., Honeywell International Inc., Zamil Air Conditioners, and United Technologies Corporation amongst many others., among others.
The report explores crucial aspects of the HVAC equipment market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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