Hvac Equipment Market In China 2024-2028

HVAC Equipment Market In China 2024-2028


The HVAC equipment market in China is forecasted to grow by USD 13.4 bn during 2023-2028, accelerating at a CAGR of 8.01% during the forecast period. The report on the HVAC equipment market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for centralized HVAC systems, increasing residential and commercial construction activities, and cost advantages of renting HVAC equipment.

Technavio's HVAC equipment market in China is segmented as below:

By End-user
  • Non-residential
  • Residential
By Product
  • Air conditioning equipment
  • Heating equipment
  • Ventilation equipment
By Geographical Landscape
  • APAC
This study identifies the advent of smart HVAC systems as one of the prime reasons driving the HVAC equipment market in China growth during the next few years. Also, growing preference for customized HVAC systems and rising adoption of prefabricated construction solutions will lead to sizable demand in the market.

The report on the HVAC equipment market in China covers the following areas:
  • HVAC equipment market in China sizing
  • HVAC equipment market in China forecast
  • HVAC equipment market in China industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC equipment market in China vendors that include Carrier Global Corp., Daikin Industries Ltd., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, GUANGDONG CHIGO AIR CONDITIONING CO. LTD., Guangzhou Seagull Kitchen And Bath Products Co. Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., Johnson Controls International PLC., Lennox International Inc., LG Corp., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Shanghai Shenglin M and E Technology Co. Ltd., TCL Electronics Holdings Ltd., Toshiba Corp., and Trane Technologies PLC. Also, the HVAC equipment market in China analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China: Year-over-year growth 2023-2028 (%)
Data Table on China: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 HVAC Equipment Market in China 2018 - 2022
Historic Market Size - Data Table on HVAC Equipment Market in China 2018 - 2022 ($ billion)
4.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
6.3 Non-residential - Market size and forecast 2023-2028
Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
6.4 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
7 Market Segmentation by Product
7.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
7.3 Air conditioning equipment - Market size and forecast 2023-2028
Chart on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Data Table on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Chart on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
Data Table on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
7.4 Heating equipment - Market size and forecast 2023-2028
Chart on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Data Table on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Chart on Heating equipment - Year-over-year growth 2023-2028 (%)
Data Table on Heating equipment - Year-over-year growth 2023-2028 (%)
7.5 Ventilation equipment - Market size and forecast 2023-2028
Chart on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Data Table on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Chart on Ventilation equipment - Year-over-year growth 2023-2028 (%)
Data Table on Ventilation equipment - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Carrier Global Corp.
Carrier Global Corp. - Overview
Carrier Global Corp. - Business segments
Carrier Global Corp. - Key news
Carrier Global Corp. - Key offerings
Carrier Global Corp. - Segment focus
11.4 Daikin Industries Ltd.
Daikin Industries Ltd. - Overview
Daikin Industries Ltd. - Business segments
Daikin Industries Ltd. - Key news
Daikin Industries Ltd. - Key offerings
Daikin Industries Ltd. - Segment focus
11.5 Fujitsu Ltd.
Fujitsu Ltd. - Overview
Fujitsu Ltd. - Business segments
Fujitsu Ltd. - Key news
Fujitsu Ltd. - Key offerings
Fujitsu Ltd. - Segment focus
11.6 Gree Electric Appliances Inc. of Zhuhai
Gree Electric Appliances Inc. of Zhuhai - Overview
Gree Electric Appliances Inc. of Zhuhai - Product / Service
Gree Electric Appliances Inc. of Zhuhai - Key offerings
11.7 Haier Smart Home Co. Ltd.
Haier Smart Home Co. Ltd. - Overview
Haier Smart Home Co. Ltd. - Business segments
Haier Smart Home Co. Ltd. - Key news
Haier Smart Home Co. Ltd. - Key offerings
Haier Smart Home Co. Ltd. - Segment focus
11.8 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
11.9 Johnson Controls International Plc.
Johnson Controls International Plc. - Overview
Johnson Controls International Plc. - Business segments
Johnson Controls International Plc. - Key news
Johnson Controls International Plc. - Key offerings
Johnson Controls International Plc. - Segment focus
11.10 LG Corp.
LG Corp. - Overview
LG Corp. - Business segments
LG Corp. - Key news
LG Corp. - Key offerings
LG Corp. - Segment focus
11.11 MIDEA Group Co. Ltd.
MIDEA Group Co. Ltd. - Overview
MIDEA Group Co. Ltd. - Product / Service
MIDEA Group Co. Ltd. - Key news
MIDEA Group Co. Ltd. - Key offerings
11.12 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key news
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
11.13 Panasonic Holdings Corp.
Panasonic Holdings Corp. - Overview
Panasonic Holdings Corp. - Product / Service
Panasonic Holdings Corp. - Key news
Panasonic Holdings Corp. - Key offerings
11.14 Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus
11.15 TCL Electronics Holdings Ltd.
TCL Electronics Holdings Ltd. - Overview
TCL Electronics Holdings Ltd. - Business segments
TCL Electronics Holdings Ltd. - Key offerings
TCL Electronics Holdings Ltd. - Segment focus
11.16 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
11.17 Trane Technologies plc
Trane Technologies plc - Overview
Trane Technologies plc - Business segments
Trane Technologies plc - Key news
Trane Technologies plc - Key offerings
Trane Technologies plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by End-user
Exhibits5: Executive Summary - Chart on Market Segmentation by Product
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits14: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Chart on China: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on China: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on HVAC Equipment Market in China 2018 - 2022 ($ billion)
Exhibits18: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on End-user - Market share 2023-2028 (%)
Exhibits28: Data Table on End-user - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by End-user
Exhibits30: Data Table on Comparison by End-user
Exhibits31: Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits32: Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits33: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits37: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by End-user ($ billion)
Exhibits40: Data Table on Market opportunity by End-user ($ billion)
Exhibits41: Chart on Product - Market share 2023-2028 (%)
Exhibits42: Data Table on Product - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by Product
Exhibits44: Data Table on Comparison by Product
Exhibits45: Chart on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits46: Data Table on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits47: Chart on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Data Table on Heating equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits51: Chart on Heating equipment - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Heating equipment - Year-over-year growth 2023-2028 (%)
Exhibits53: Chart on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Data Table on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
Exhibits55: Chart on Ventilation equipment - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on Ventilation equipment - Year-over-year growth 2023-2028 (%)
Exhibits57: Market opportunity by Product ($ billion)
Exhibits58: Data Table on Market opportunity by Product ($ billion)
Exhibits59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits60: Impact of drivers and challenges in 2023 and 2028
Exhibits61: Overview on criticality of inputs and factors of differentiation
Exhibits62: Overview on factors of disruption
Exhibits63: Impact of key risks on business
Exhibits64: Companies covered
Exhibits65: Matrix on companies position and classification
Exhibits66: Carrier Global Corp. - Overview
Exhibits67: Carrier Global Corp. - Business segments
Exhibits68: Carrier Global Corp. - Key news
Exhibits69: Carrier Global Corp. - Key offerings
Exhibits70: Carrier Global Corp. - Segment focus
Exhibits71: Daikin Industries Ltd. - Overview
Exhibits72: Daikin Industries Ltd. - Business segments
Exhibits73: Daikin Industries Ltd. - Key news
Exhibits74: Daikin Industries Ltd. - Key offerings
Exhibits75: Daikin Industries Ltd. - Segment focus
Exhibits76: Fujitsu Ltd. - Overview
Exhibits77: Fujitsu Ltd. - Business segments
Exhibits78: Fujitsu Ltd. - Key news
Exhibits79: Fujitsu Ltd. - Key offerings
Exhibits80: Fujitsu Ltd. - Segment focus
Exhibits81: Gree Electric Appliances Inc. of Zhuhai - Overview
Exhibits82: Gree Electric Appliances Inc. of Zhuhai - Product / Service
Exhibits83: Gree Electric Appliances Inc. of Zhuhai - Key offerings
Exhibits84: Haier Smart Home Co. Ltd. - Overview
Exhibits85: Haier Smart Home Co. Ltd. - Business segments
Exhibits86: Haier Smart Home Co. Ltd. - Key news
Exhibits87: Haier Smart Home Co. Ltd. - Key offerings
Exhibits88: Haier Smart Home Co. Ltd. - Segment focus
Exhibits89: Hitachi Ltd. - Overview
Exhibits90: Hitachi Ltd. - Business segments
Exhibits91: Hitachi Ltd. - Key news
Exhibits92: Hitachi Ltd. - Key offerings
Exhibits93: Hitachi Ltd. - Segment focus
Exhibits94: Johnson Controls International Plc. - Overview
Exhibits95: Johnson Controls International Plc. - Business segments
Exhibits96: Johnson Controls International Plc. - Key news
Exhibits97: Johnson Controls International Plc. - Key offerings
Exhibits98: Johnson Controls International Plc. - Segment focus
Exhibits99: LG Corp. - Overview
Exhibits100: LG Corp. - Business segments
Exhibits101: LG Corp. - Key news
Exhibits102: LG Corp. - Key offerings
Exhibits103: LG Corp. - Segment focus
Exhibits104: MIDEA Group Co. Ltd. - Overview
Exhibits105: MIDEA Group Co. Ltd. - Product / Service
Exhibits106: MIDEA Group Co. Ltd. - Key news
Exhibits107: MIDEA Group Co. Ltd. - Key offerings
Exhibits108: Mitsubishi Electric Corp. - Overview
Exhibits109: Mitsubishi Electric Corp. - Business segments
Exhibits110: Mitsubishi Electric Corp. - Key news
Exhibits111: Mitsubishi Electric Corp. - Key offerings
Exhibits112: Mitsubishi Electric Corp. - Segment focus
Exhibits113: Panasonic Holdings Corp. - Overview
Exhibits114: Panasonic Holdings Corp. - Product / Service
Exhibits115: Panasonic Holdings Corp. - Key news
Exhibits116: Panasonic Holdings Corp. - Key offerings
Exhibits117: Samsung Electronics Co. Ltd. - Overview
Exhibits118: Samsung Electronics Co. Ltd. - Business segments
Exhibits119: Samsung Electronics Co. Ltd. - Key news
Exhibits120: Samsung Electronics Co. Ltd. - Key offerings
Exhibits121: Samsung Electronics Co. Ltd. - Segment focus
Exhibits122: TCL Electronics Holdings Ltd. - Overview
Exhibits123: TCL Electronics Holdings Ltd. - Business segments
Exhibits124: TCL Electronics Holdings Ltd. - Key offerings
Exhibits125: TCL Electronics Holdings Ltd. - Segment focus
Exhibits126: Toshiba Corp. - Overview
Exhibits127: Toshiba Corp. - Business segments
Exhibits128: Toshiba Corp. - Key news
Exhibits129: Toshiba Corp. - Key offerings
Exhibits130: Toshiba Corp. - Segment focus
Exhibits131: Trane Technologies plc - Overview
Exhibits132: Trane Technologies plc - Business segments
Exhibits133: Trane Technologies plc - Key news
Exhibits134: Trane Technologies plc - Key offerings
Exhibits135: Trane Technologies plc - Segment focus
Exhibits136: Inclusions checklist
Exhibits137: Exclusions checklist
Exhibits138: Currency conversion rates for US$
Exhibits139: Research methodology
Exhibits140: Information sources
Exhibits141: Data validation
Exhibits142: Validation techniques employed for market sizing
Exhibits143: Data synthesis
Exhibits144: 360 degree market analysis
Exhibits145: List of abbreviations

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