Global HVAC System Market Growth 2023-2029

Global HVAC System Market Growth 2023-2029

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 Systems 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.

LPI (LP Information)' newest research report, the “HVAC System Industry Forecast” looks at past sales and reviews total world HVAC System sales in 2022, providing a comprehensive analysis by region and market sector of projected HVAC System sales for 2023 through 2029. With HVAC System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVAC System industry.

This Insight Report provides a comprehensive analysis of the global HVAC System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HVAC System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global HVAC System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVAC System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HVAC System.

The global HVAC System market size is projected to grow from US$ 169950 million in 2022 to US$ 218470 million in 2029; it is expected to grow at a CAGR of 218470 from 2023 to 2029.

The key players of HVAC Systems include Gree, Daikin, Midea, etc. The top three players of HVAC Systems account for approximately 35% of the total market. Asia-Pacific is the largest market of HVAC Systems accounting for about 68%, followed by Europe and North America. In terms of Type, Decentralized is the largest segment, with a share about 88%. In terms of Apllication, the largest segment is Residential, followed by Commercial.

This report presents a comprehensive overview, market shares, and growth opportunities of HVAC System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Heat Pumps
Furnaces
Boilers
Unitary Heaters

Segmentation by application
Residential
Commercial
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Daikin
Ingersoll-Rand
Johnson Controls
LG Electronics
United Technologies
Electrolux
Emerson
Honeywell
Lennox
Nortek
Mitsubishi Electric
Panasonic
Haier
Samsung Electronics
Whirlpool
Midea
Gree
Fujitsu
Hitachi
Danfoss

Key Questions Addressed in this Report

What is the 10-year outlook for the global HVAC System market?

What factors are driving HVAC System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do HVAC System market opportunities vary by end market size?

How does HVAC System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.