HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The flourishing construction industry has opened up significant business opportunities for the HVAC equipment market. HVAC equipment, used for heating and cooling purposes in various facilities, including high-rise buildings, industrial units, commercial complexes, hospitals, and hotels, is witnessing growing adoption due to its numerous benefits such as longer service life and high energy efficiency. Factors such as rising urbanization, migration, and industrialization are further driving the market's growth. In response to these trends, vendors are focusing on innovation and expanding their product portfolios to gain a competitive edge. As a result, the HVAC equipment market is expected to experience robust expansion in the coming years.

IoT-Enabled HVAC Equipment Set to Gain Prominence


Technological advancements have also made their way into the ventilation space, leading to the development of IoT-enabled HVAC equipment. The integration of the Internet of Things (IoT) has significantly improved the configuration of HVAC equipment. IoT-enabled algorithms embedded in the equipment accelerate operational processes and optimize performance. The data collected and stored in the cloud enables predictive maintenance, ensuring assets operate at their best performance and highest energy efficiency levels. IoT also enables cost-effective monitoring, control, and system diagnosis of HVAC equipment. With the increasing demand for IoT-enabled HVAC equipment, the global HVAC equipment market is projected to witness robust growth during the forecasted period.

Air Conditioning Equipment Drives Revenue Opportunities


The demand for air conditioning equipment has been steadily increasing in recent years. This can be attributed to rising commercial and residential activities, coupled with favorable government regulations promoting eco-friendly and energy-efficient equipment. The need for energy-efficient air conditioners has grown due to exponential carbon dioxide emissions resulting from space cooling. These air conditioners are gaining traction in facilities such as hospitals that require clean air and optimal temperatures. Additional benefits include direct energy savings and better return on investment. The growing sales of air conditioning equipment are expected to drive the global HVAC equipment market towards maturity.

North America Sustains Dominance in the HVAC Equipment Market


North America is expected to maintain its dominance in the market due to the growing adoption of HVAC equipment in developed economies. The region's expanding industrial activities are further fueling the demand for HVAC equipment. The surge in data centers is also contributing to market growth, as these centers require constant cooling to protect their IT infrastructure. Additionally, the presence of key industry players in the region is expected to support the HVAC equipment market in North America.

Prominent Market Players
Some of the major players in the HVAC equipment market include Johnson Controls, LG Electronics Inc., Daikin Industries Ltd., Mitsubishi Electric Trane HVAC US LLC, Honeywell International Inc., and Danfoss AS. These companies are at the forefront of the industry, driving innovation and meeting the increasing demand for HVAC equipment.Please note: the PDF e-mail from publisher version of this report is for a global site license.


1. Executive Summary
1.1. Global HVAC Equipment Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Price Trends Analysis and Future Projects, 2019 - 2030
3.1. Key Highlights
3.2. Prominent Factors Affecting Prices
3.3. By Product
3.4. By Region
4. Global HVAC Equipment Market Outlook, 2019 - 2030
4.1. Global HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
4.1.1. Key Highlights
4.1.1.1. Heating
4.1.1.2. Cooling
4.1.1.3. Ventilation
4.2. Global HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
4.2.1. Key Highlights
4.2.1.1. Residential
4.2.1.2. Commercial
4.2.1.3. Industrial
4.3. Global HVAC Equipment Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
4.3.1. Key Highlights
4.3.1.1. North America
4.3.1.2. Europe
4.3.1.3. Asia Pacific
4.3.1.4. Latin America
4.3.1.5. Middle East & Africa
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. North America HVAC Equipment Market Outlook, 2019 - 2030
5.1. North America HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Heating
5.1.1.2. Cooling
5.1.1.3. Ventilation
5.2. North America HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Residential
5.2.1.2. Commercial
5.2.1.3. Industrial
5.3. North America HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. U.S.
5.3.1.2. Canada
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Europe HVAC Equipment Market Outlook, 2019 - 2030
6.1. Europe HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Heating
6.1.1.2. Cooling
6.1.1.3. Ventilation
6.2. Europe HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Residential
6.2.1.2. Commercial
6.2.1.3. Industrial
6.3. Europe HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
6.3.1.1. Germany
6.3.1.2. France
6.3.1.3. U.K.
6.3.1.4. Italy
6.3.1.5. Spain
6.3.1.6. Russia
6.3.1.7. Rest of Europe
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Asia Pacific HVAC Equipment Market Outlook, 2019 - 2030
7.1. Asia Pacific HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Heating
7.1.1.2. Cooling
7.1.1.3. Ventilation
7.2. Asia Pacific HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Residential
7.2.1.2. Commercial
7.2.1.3. Industrial
7.3. Asia Pacific HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. China
7.3.1.2. Japan
7.3.1.3. South Korea
7.3.1.4. India
7.3.1.5. Southeast Asia
7.3.1.6. Rest of Asia Pacific
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Latin America HVAC Equipment Market Outlook, 2019 - 2030
8.1. Latin America HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Heating
8.1.1.2. Cooling
8.1.1.3. Ventilation
8.2. Latin America HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Residential
8.2.1.2. Commercial
8.2.1.3. Industrial
8.3. Latin America HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. Brazil
8.3.1.2. Mexico
8.3.1.3. Rest of Latin America
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Middle East & Africa HVAC Equipment Market Outlook, 2019 - 2030
9.1. Middle East & Africa HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
9.1.1. Key Highlights
9.1.1.1. Heating
9.1.1.2. Cooling
9.1.1.3. Ventilation
9.2. Middle East & Africa HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
9.2.1. Key Highlights
9.2.1.1. Residential
9.2.1.2. Commercial
9.2.1.3. Industrial
9.3. Middle East & Africa HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
9.3.1. Key Highlights
9.3.1.1. GCC
9.3.1.2. South Africa
9.3.1.3. Rest of Middle East & Africa
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Competitive Landscape
10.1. Company Market Share Analysis, 2022
10.2. Competitive Dashboard
10.3. Company Profiles
10.3.1. Daikin
10.3.1.1. Company Overview
10.3.1.2. Product Portfolio
10.3.1.3. Financial Overview
10.3.1.4. Business Strategies and Development
10.3.2. Johnson Controls
10.3.3. Ingersoll Rand
10.3.4. LG Electronics
10.3.5. Lennox International Inc.
10.3.6. Nortek Holdings Inc
10.3.7. Samsung Electronics
10.3.8. Haier Group
10.3.9. Panasonic Corporation
10.3.10. Midea Group
10.3.11. Emerson Electric Co.
10.3.12. Trane Technologies
10.3.13. Gree Electric Appliance Inc.
11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations

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