Global HVAC Equipment Market 2024

Global HVAC Equipment Market 2024

The global HVAC equipment market is expected to increase by USD 100.3 billion, at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030, according to the latest edition of the Global HVAC Equipment Market Report. The HVAC Equipment market is primarily driven by the increasing adoption of advanced technologies that enhance system efficiency and user experience. HVAC systems equipped with real-time monitoring, data-driven optimization, and remote-control capabilities are becoming the preferred choice for both residential and commercial applications. These innovations allow for precise control over energy consumption, leading to significant reductions in energy usage and operating costs. As a result, the demand for smart HVAC solutions is expected to surge, driven by their ability to deliver improved efficiency and superior user experiences.

Additionally, the market is bolstered by the growing emphasis on sustainability and energy efficiency, spurred by stringent environmental regulations and rising energy costs. Modern HVAC systems that offer energy-efficient solutions are increasingly sought after as businesses and homeowners alike aim to reduce their carbon footprints and comply with evolving energy standards. This trend not only drives the adoption of energy-efficient HVAC equipment but also opens up significant growth opportunities for manufacturers focusing on eco-friendly and innovative solutions.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the type, end user, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global HVAC equipment market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for HVAC equipment can be segmented by type: cooling equipment, heating equipment, ventilation equipment.

HVAC equipment market is further segmented by end user: commercial, industrial, residential.

Based on region, the HVAC equipment market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

The report also provides analysis of the key companies of the industry and their detailed company profiles including AAON, Inc., Blue Star Limited, Carrier Global Corporation, Daikin Industries, Ltd., Danfoss A/S, Emerson Electric Co., Fujitsu General Limited, Gree Electric Appliances, Inc., Haier Group Corporation, Hisense Group Co., Ltd., Johnson Controls International plc, Lennox International Inc., LG Electronics, Inc., Midea Group Co., Ltd., Mitsubishi Electric Corporation, Panasonic Holdings Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Siemens AG, Trane Technologies plc, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Why Choose This Report

Gain a reliable outlook of the global HVAC equipment market forecasts from 2024 to 2030 across scenarios.

Identify growth segments for investment.

Stay ahead of competitors through company profiles and market data.

The market estimate for ease of analysis across scenarios in Excel format.

Strategy consulting and research support for three months.

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Market Segments Covered in Global HVAC Equipment Industry Analysis:

i.) Type

• Cooling equipment
• Heating equipment
• Ventilation equipment

ii.) End user

• Commercial
• Industrial
• Residential

iii.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America