HVAC Aftermarket Market by Type (Air Conditioning, Heating, Ventilation), Product (Applied Equipment, Chillers, Ductless Systems), End-user - Global Forecast 2024-2030


Attention: There is an updated edition available for this report.

HVAC Aftermarket Market by Type (Air Conditioning, Heating, Ventilation), Product (Applied Equipment, Chillers, Ductless Systems), End-user - Global Forecast 2024-2030


The HVAC Aftermarket Market size was estimated at USD 77.41 billion in 2023 and expected to reach USD 82.09 billion in 2024, at a CAGR 6.54% to reach USD 120.67 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the HVAC Aftermarket Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the HVAC Aftermarket Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the HVAC Aftermarket Market, highlighting leading vendors and their innovative profiles. These include AB Electrolux, Carrier Corporation, Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu Limited, GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI, Haier Group Corporation, Hitachi, Ltd., Honeywell International Inc., HTS, Ingersoll-Rand PLC, Johnson Controls International PLC, Lennox International Inc., LG Corporation, Mitsubishi Electric Corporation, Nidec Motor Corporation, Nortek, Red Dot Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Siemens AG, Trane Technologies PLC, United Technologies Corp., and Vaillant Group.

Market Segmentation & Coverage



This research report categorizes the HVAC Aftermarket Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Air Conditioning
Heating
Ventilation
Product
Applied Equipment
Central AHU

Custom Built AHU
Chillers
Absorption Chillers

Air-Cooled Chillers

Water-Cooled Chillers
Ductless Systems
Heat Pumps
Air-Source

Ground-Source

Water-Source
Unitary Equipment
End-user
Commercial
Industrial
Residential
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the HVAC Aftermarket Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the HVAC Aftermarket Market?
3. What are the technology trends and regulatory frameworks in the HVAC Aftermarket Market?
4. What is the market share of the leading vendors in the HVAC Aftermarket Market?
5. Which modes and strategic moves are suitable for entering the HVAC Aftermarket Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. HVAC Aftermarket Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand for HVAC systems across industrial and commercial sectors
5.1.1.2. Growing awareness of environmental sustainability and regular maintenance of HVAC systems
5.1.1.3. Emergence of online professional services platforms
5.1.2. Restraints
5.1.2.1. Issues associated with durability of products and reliability of services
5.1.3. Opportunities
5.1.3.1. Ongoing robust advancements in HVAC systems
5.1.3.2. Rising investments in smart city projects across economies
5.1.4. Challenges
5.1.4.1. Concerns over presence of local vendors and counterfeit products
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. HVAC Aftermarket Market, by Type
6.1. Introduction
6.2. Air Conditioning
6.3. Heating
6.4. Ventilation
7. HVAC Aftermarket Market, by Product
7.1. Introduction
7.2. Applied Equipment
7.3.1. Central AHU
7.3.2. Custom Built AHU
7.3. Chillers
7.4.1. Absorption Chillers
7.4.2. Air-Cooled Chillers
7.4.3. Water-Cooled Chillers
7.4. Ductless Systems
7.5. Heat Pumps
7.6.1. Air-Source
7.6.2. Ground-Source
7.6.3. Water-Source
7.6. Unitary Equipment
8. HVAC Aftermarket Market, by End-user
8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential
9. Americas HVAC Aftermarket Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific HVAC Aftermarket Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa HVAC Aftermarket Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. AB Electrolux
13.1.2. Carrier Corporation
13.1.3. Daikin Industries Ltd.
13.1.4. Danfoss AS
13.1.5. Emerson Electric Co.
13.1.6. Fujitsu Limited
13.1.7. GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI
13.1.8. Haier Group Corporation
13.1.9. Hitachi, Ltd.
13.1.10. Honeywell International Inc.
13.1.11. HTS
13.1.12. Ingersoll-Rand PLC
13.1.13. Johnson Controls International PLC
13.1.14. Lennox International Inc.
13.1.15. LG Corporation
13.1.16. Mitsubishi Electric Corporation
13.1.17. Nidec Motor Corporation
13.1.18. Nortek
13.1.19. Red Dot Corporation
13.1.20. Robert Bosch GmbH
13.1.21. Samsung Electronics Co., Ltd.
13.1.22. Siemens AG
13.1.23. Trane Technologies PLC
13.1.24. United Technologies Corp.
13.1.25. Vaillant Group
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. HVAC AFTERMARKET MARKET RESEARCH PROCESS
FIGURE 2. HVAC AFTERMARKET MARKET SIZE, 2023 VS 2030
FIGURE 3. HVAC AFTERMARKET MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. HVAC AFTERMARKET MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. HVAC AFTERMARKET MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. HVAC AFTERMARKET MARKET DYNAMICS
FIGURE 7. HVAC AFTERMARKET MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. HVAC AFTERMARKET MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. HVAC AFTERMARKET MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 10. HVAC AFTERMARKET MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. HVAC AFTERMARKET MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. HVAC AFTERMARKET MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS HVAC AFTERMARKET MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS HVAC AFTERMARKET MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES HVAC AFTERMARKET MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES HVAC AFTERMARKET MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC HVAC AFTERMARKET MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC HVAC AFTERMARKET MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA HVAC AFTERMARKET MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA HVAC AFTERMARKET MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. HVAC AFTERMARKET MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. HVAC AFTERMARKET MARKET SHARE, BY KEY PLAYER, 2023

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