Global HVAC Supply, Demand and Key Producers, 2023-2029

Global HVAC Supply, Demand and Key Producers, 2023-2029

The global HVAC market size is expected to reach $ 298310 million by 2029, rising at a market growth of 5.6% CAGR during the forecast period (2023-2029).

Global key players of HVAC include Daikin, Midea, Gree, etc. The top three players hold a share over 35%.

Asia-Pacific is the largest market, has a share about 67%, followed by North America, with share 13%.

In terms of product type, decentralized is the largest segment, occupied for a share of 66%, and in terms of application, residential has a share about 45 percent.

Heating, ventilation, and air conditioning (HVAC) is the technology of indoor environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. HVAC design is a subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics and heat transfer.

HVAC is an important part of residential structures such as single family homes, apartment buildings, hotels and senior living facilities, medium to large industrial and office buildings such as skyscrapers and hospitals, where safe and healthy building conditions are regulated with respect to temperature and humidity, using fresh air from outdoors.

The HVAC industry can be broken down into several segments, Decentralized, Centralized.

This report studies the global HVAC demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for HVAC, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of HVAC that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global HVAC total market, 2018-2029, (USD Million)

Global HVAC total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: HVAC total market, key domestic companies and share, (USD Million)

Global HVAC revenue by player and market share 2018-2023, (USD Million)

Global HVAC total market by Type, CAGR, 2018-2029, (USD Million)

Global HVAC total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global HVAC market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Gree, Daikin, Midea, Johnson Controls, Carrier, Trane Technologies, Haier, Panasonic and Lennox, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World HVAC market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global HVAC Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global HVAC Market, Segmentation by Type
Decentralized
Centralized

Global HVAC Market, Segmentation by Application
Residential
Commercial
Industrial

Companies Profiled:
Gree
Daikin
Midea
Johnson Controls
Carrier
Trane Technologies
Haier
Panasonic
Lennox
LG Electronics
Emerson
Mitsubishi Electric
Siemens
Hitachi
Fujitsu
Danfoss
Electrolux
Honeywell
Nortek
Samsung Electronics
Schneider Electric

Key Questions Answered

1. How big is the global HVAC market?

2. What is the demand of the global HVAC market?

3. What is the year over year growth of the global HVAC market?

4. What is the total value of the global HVAC market?

5. Who are the major players in the global HVAC market?