Global Commercial HVAC Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Commercial HVAC Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Heating, Ventilating, and Air Conditioning (HVAC) equipment perform heating and/or cooling for residential, commercial or industrial buildings. The HVAC system may also be responsible for providing fresh outdoor air to dilute interior airborne contaminants such as odors from occupants, volatile organic compounds (VOC’s) emitted from interior furnishings, chemicals used for cleaning, etc. A properly designed system will provide a comfortable indoor environment year-round when properly maintained.

Market Overview:

The latest research study on the global Commercial HVAC market finds that the global Commercial HVAC market reached a value of USD 63933.96 million in 2022. It’s expected that the market will achieve USD 97942.2 million by 2028, exhibiting a CAGR of 7.37% during the forecast period.

Strength

HVAC equipment is widely used in daily life,with high energy efficiency and obvious effect. lt can be seen both in the family and in the enterprise.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Ingersoll-Rand PLC is one of the major players operating in the Commercial HVAC market, holding a share of 13.24% in 20219.

Ingersoll-Rand Public Limited Company manufactures industrial equipment. The Company offers central heaters, air conditioners, electric vehicles, air cleaners, and fluid handling products. Ingersoll-Rand markets its products worldwide.

Johnson Controls International plc (JCI) provides building products and technology solutions. The Company offers air systems, building management, HVAC controls, security, and fire safety solutions. JCI serves customers worldwide.

Segmentation Overview:

Among different product types, DX HVAC Systems segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Office Building segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Commercial HVAC market covered in Chapter 3:

Daikin Industries
United Technologies
Mitsubishi
Samsung
Fujitsu
Siemens
Johnson Controls
Midea
Hitachi
Toshiba
Bosch
Nortek
AAON
Ingersoll-Rand
Danfoss
Viessmann
Gree
LG
Lennox
Haier

In Chapter 4 and Chapter 14.2, on the basis of types, the Commercial HVAC market from 2018 to 2029 is primarily split into:

Central HVAC Systems
DX HVAC Systems

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Commercial HVAC market from 2018 to 2029 covers:

Retail Industry
Office Building
Hotel
Restaurant Industry
Bank
Data Center
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)