Global HVAC Equipment Market Overview

The Global HVAC Equipment Market size is expected to grow from USD 207.11 billion in 2023 to USD 387.22 billion by 2032, at a CAGR of 7.2 % during the forecast period (2024-2032).

The global Heating, Ventilation, and Air Conditioning (HVAC) equipment market is a significant and rapidly growing sector within the broader construction and building technologies industry. This market encompasses a wide range of products including air conditioners, heat pumps, furnaces, boilers, and ventilation systems for residential, commercial, and industrial applications. The increasing focus on energy efficiency, indoor air quality, and thermal comfort is driving substantial growth in this market worldwide.

Technological advancements are playing a key role in shaping the future of the HVAC industry. The integration of Internet of Things (IoT) technology, artificial intelligence, and machine learning is enabling the development of smart HVAC systems that can optimize performance, predict maintenance needs, and integrate with broader building management systems. These innovations are not only improving energy efficiency but also enhancing user comfort and control.

Market Dynamics And Factors For HVAC Equipment Market

Drivers:

Ventilation Becoming an Increasingly Important Component in the Modern Home HVAC System

There are different types of HVAC systems; ventilation is the first and most important part which plays the important role in the growth of the HVAC equipment market. Ventilation is a source to take fresh air from the outside to make the place breathable. Natural ventilation is available in most homes like windows, doors, and other openings. Exchange of air is required to keep the area fresh, and oxygenated, and to remove carbon dioxide, odors, and extra moisture. Mechanical ventilation is the second type of ventilation that is used in modern construction, homes are far more tightly sealed due to that ventilation is becoming an important part of modern houses and is a component in HVAC systems. This system works to remove dirt, allergens, dust, and other particles. This is helping to boost the demand for HVAC systems in modern homes.

Restraints:

High Cost of HVAC Equipment

High cost of HVAC equipment is restraining the growth of the HVAC Equipment market during the forecasted period. HVAC equipment is used in residential, commercial properties to maintain proper air temperature inside the construction for better air quality and comfortable living. It works in both cooling and heating the air according to the preference and climatic conditions outside the construction. HVAC is the whole system of Heating, Ventilation, and Air Conditioning so comparatively the cost is on the higher side. It requires installation charges and maintenance charges also, it just does not give a cooling and heating effect to the air but it provides the filter and good air quality with an adjustable temperature system so people are ready to pay for HVAC equipment.

Opportunity:

Development in Residential and Commercial Properties

The increasing rate of owning residential and commercial properties help to increase the demand for HVAC equipment during the forecasted period. The shelter is a basic need, everyone is wishing to have a home of their own and the population is growing; investment in households has increased on large scale, so the demand for HVAC Equipment is also increased.  Now, individuals own more than one house and they require HAVC facilities for every house to live comfortably. There is high use of HVAC in commercial property, both industries are growing simultaneously and help to advance the lifestyle of people with comfort.

Segmentation Analysis Of HVAC Equipment Market

By Type, Heating and cooling split systems are dominating the growth of the HVAC equipment market during the forecast period. The most common types of HVAC systems are heating and cooling split systems. As per the name, it is split and divided into two separate units, one unit is used for heating and the other one is used for cooling the area. The purpose of these two systems is different.  Well, a known example of this system is AC units. This unit comes with indoor and outdoor units. Such HVAC products have their cooling system outside the home to keep away the hot air, and one is an indoor which provides the cool air. During the summer season use of this system is high. In the heating and cooling split system, the heater is placed in a storage place. The heater uses the gas to warm up the area.

By End user, the Residential segment anticipated to grab the maximum market share in the HVAC equipment market over the projected period. The main objective of having an HVAC in a building is to maintain an atmosphere comfortable for the people. This system is required for every household to control the temperature and make a happy, healthy environment inside the building. In these changing climatic conditions all the people want cooling, ventilation, and heating systems in their residences to feel comfortable. So for maintaining good air quality in the residential area HVAC equipment’s essential.  So every construction project required HVAC systems, which help to boost the HVAC equipment market.

Regional Analysis Of HVAC Equipment Market

North America, comprising the United States, Canada, and Mexico, has long been a dominant force in the global HVAC equipment market. This region's leadership is driven by a combination of factors, including a mature construction industry, high consumer awareness of indoor air quality, strict energy efficiency regulations, and a climate that necessitates both heating and cooling solutions in many areas.

The United States, in particular, represents the largest share of the North American HVAC market. The country's diverse climate zones, ranging from hot and humid in the South to cold in the North, create a sustained demand for a wide variety of HVAC equipment. The residential sector forms a significant portion of this market, with homeowners regularly upgrading to more efficient systems. The commercial and industrial sectors also contribute substantially, driven by the need for sophisticated climate control in office buildings, retail spaces, and manufacturing facilities.

In recent years, the North American HVAC market has been characterized by a strong focus on energy efficiency and environmental sustainability. This trend is partly driven by government regulations such as the Department of Energy's minimum efficiency standards and the Environmental Protection Agency's ENERGY STAR program. These initiatives have spurred innovation in the industry, leading to the development of high-efficiency heat pumps, variable refrigerant flow (VRF) systems, and smart thermostats. The region has also been at the forefront of adopting alternative refrigerants with lower global warming potential, in line with international environmental agreements.

Top Key Players Covered In HVAC Equipment Market

  • Carrier Corporation (US)
  • Goodman Manufacturing Company L.P. (US)
  • Rheem Manufacturing Company (US)
  • Daikin Industries Ltd (Japan)
  • Emerson Electric Co (US)
  • HitachiLtd. (Japan)
  • Johnson Controls International (Ireland)
  • Lennox International Inc. (US)
  • Trane Technologies (US)
  • York (US)
  • American standard (US)
  • Daikin (Japan)
  • Ingersoll Rand (US)
  • LG Electronics (South Korea)
  • United Technologies (US)
  • Electrolux (Sweden)
  • Lennox (US)
  • Nortek (US) and Other Major Players.

Key Industry Development In The HVAC Equipment Market

  • In May 2022, Modine Company made a partnership with Global Plasma Solutions, Modine works in commercial HVAC solutions; their partnership offers a state-of-the-art GPS’ patented needlepoint bi-polar ionization technology, which is used for school products, to maintain the high indoor air quality in classrooms.
  • In May 2022, RLS Company works in HVAC launched a new training portal for online training purposes that help the contractor that works in HVAC and refrigeration to make easier, faster, and safer copper tube connections using the company's new product. RLS Company is a manufacturer of the first press-to-connect fittings in HVAC.

Global HVAC Equipment Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 207.11 Bn.

Forecast Period 2024-32 CAGR:

7.2%

Market Size in 2032:

USD 387.22 Bn.

Segments Covered:

By System Type

  • Heating & cooling split systems
  • Hybrid split system
  • Duct free
  • Others

By  End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Ventilation Becoming an Increasingly Important Component in the Modern Home HVAC System

Key Market Restraints:

  • High Cost of HVAC Equipment

Key Opportunities:

  • Development in Residential and Commercial Properties

Companies Covered in the report:

  • Carrier Corporation (US), Goodman Manufacturing Company, L.P. (US), Rheem Manufacturing Company (US), Daikin Industries Ltd (Japan), Emerson Electric Co (US), and Other Major Players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By System Type
 3.2 By End Users

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: HVAC Equipment Market by System Type
 5.1 HVAC Equipment Market Overview Snapshot and Growth Engine
 5.2 HVAC Equipment Market Overview
 5.3 Heating & cooling split systems
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Heating & cooling split systems: Grographic Segmentation
 5.4 Hybrid split system
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Hybrid split system: Grographic Segmentation
 5.5 Duct free
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Duct free: Grographic Segmentation
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Grographic Segmentation

Chapter 6: HVAC Equipment Market by End Users
 6.1 HVAC Equipment Market Overview Snapshot and Growth Engine
 6.2 HVAC Equipment Market Overview
 6.3 Residential
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Residential: Grographic Segmentation
 6.4 Commercial
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Commercial: Grographic Segmentation
 6.5 Industrial
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Industrial: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 HVAC Equipment Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 HVAC Equipment Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 HVAC Equipment Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 CARRIER CORPORATION
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 GOODMAN MANUFACTURING COMPANY
 7.4 L.P.
 7.5 RHEEM MANUFACTURING COMPANY
 7.6 DAIKIN INDUSTRIES LTD
 7.7 EMERSON ELECTRIC CO
 7.8 HITACHI LTD.
 7.9 JOHNSON CONTROLS INTERNATIONAL
 7.10 LENNOX INTERNATIONAL INC.
 7.11 TRANE TECHNOLOGIES
 7.12 YORK
 7.13 AMERICAN STANDARD
 7.14 DAIKIN
 7.15 INGERSOLL RAND
 7.16 LG ELECTRONICS
 7.17 UNITED TECHNOLOGIES
 7.18 ELECTROLUX
 7.19 LENNOX
 7.20 NORTEK
 7.21 OTHER MAJOR PLAYERS

Chapter 8: Global HVAC Equipment Market Analysis, Insights and Forecast, 2017-2032
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By System Type
  8.2.1 Heating & cooling split systems
  8.2.2 Hybrid split system
  8.2.3 Duct free
  8.2.4 Others
 8.3 Historic and Forecasted Market Size By End Users
  8.3.1 Residential
  8.3.2 Commercial
  8.3.3 Industrial

Chapter 9: North America HVAC Equipment Market Analysis, Insights and Forecast, 2017-2032
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By System Type
  9.4.1 Heating & cooling split systems
  9.4.2 Hybrid split system
  9.4.3 Duct free
  9.4.4 Others
 9.5 Historic and Forecasted Market Size By End Users
  9.5.1 Residential
  9.5.2 Commercial
  9.5.3 Industrial
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe HVAC Equipment Market Analysis, Insights and Forecast,2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By System Type
  10.4.1 Heating & cooling split systems
  10.4.2 Hybrid split system
  10.4.3 Duct free
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By End Users
  10.5.1 Residential
  10.5.2 Commercial
  10.5.3 Industrial
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific HVAC Equipment Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By System Type
  11.4.1 Heating & cooling split systems
  11.4.2 Hybrid split system
  11.4.3 Duct free
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By End Users
  11.5.1 Residential
  11.5.2 Commercial
  11.5.3 Industrial
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa HVAC Equipment Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By System Type
  12.4.1 Heating & cooling split systems
  12.4.2 Hybrid split system
  12.4.3 Duct free
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By End Users
  12.5.1 Residential
  12.5.2 Commercial
  12.5.3 Industrial
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America HVAC Equipment Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By System Type
  13.4.1 Heating & cooling split systems
  13.4.2 Hybrid split system
  13.4.3 Duct free
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By End Users
  13.5.1 Residential
  13.5.2 Commercial
  13.5.3 Industrial
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global HVAC Equipment Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 207.11 Bn.

Forecast Period 2024-32 CAGR:

7.2%

Market Size in 2032:

USD 387.22 Bn.

Segments Covered:

By System Type

  • Heating & cooling split systems
  • Hybrid split system
  • Duct free
  • Others

By  End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Ventilation Becoming an Increasingly Important Component in the Modern Home HVAC System

Key Market Restraints:

  • High Cost of HVAC Equipment

Key Opportunities:

  • Development in Residential and Commercial Properties

Companies Covered in the report:

  • Carrier Corporation (US), Goodman Manufacturing Company, L.P. (US), Rheem Manufacturing Company (US), Daikin Industries Ltd (Japan), Emerson Electric Co (US), and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HVAC EQUIPMENT MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HVAC EQUIPMENT MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HVAC EQUIPMENT MARKET COMPETITIVE RIVALRY
TABLE 005. HVAC EQUIPMENT MARKET THREAT OF NEW ENTRANTS
TABLE 006. HVAC EQUIPMENT MARKET THREAT OF SUBSTITUTES
TABLE 007. HVAC EQUIPMENT MARKET BY SYSTEM TYPE
TABLE 008. HEATING & COOLING SPLIT SYSTEMS MARKET OVERVIEW (2016-2028)
TABLE 009. HYBRID SPLIT SYSTEM MARKET OVERVIEW (2016-2028)
TABLE 010. DUCT FREE MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. HVAC EQUIPMENT MARKET BY END USERS
TABLE 013. RESIDENTIAL MARKET OVERVIEW (2016-2028)
TABLE 014. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 015. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA HVAC EQUIPMENT MARKET, BY SYSTEM TYPE (2016-2028)
TABLE 017. NORTH AMERICA HVAC EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 018. N HVAC EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE HVAC EQUIPMENT MARKET, BY SYSTEM TYPE (2016-2028)
TABLE 020. EUROPE HVAC EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 021. HVAC EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC HVAC EQUIPMENT MARKET, BY SYSTEM TYPE (2016-2028)
TABLE 023. ASIA PACIFIC HVAC EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 024. HVAC EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA HVAC EQUIPMENT MARKET, BY SYSTEM TYPE (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA HVAC EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 027. HVAC EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA HVAC EQUIPMENT MARKET, BY SYSTEM TYPE (2016-2028)
TABLE 029. SOUTH AMERICA HVAC EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 030. HVAC EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 031. CARRIER CORPORATION: SNAPSHOT
TABLE 032. CARRIER CORPORATION: BUSINESS PERFORMANCE
TABLE 033. CARRIER CORPORATION: PRODUCT PORTFOLIO
TABLE 034. CARRIER CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. GOODMAN MANUFACTURING COMPANY: SNAPSHOT
TABLE 035. GOODMAN MANUFACTURING COMPANY: BUSINESS PERFORMANCE
TABLE 036. GOODMAN MANUFACTURING COMPANY: PRODUCT PORTFOLIO
TABLE 037. GOODMAN MANUFACTURING COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. L.P.: SNAPSHOT
TABLE 038. L.P.: BUSINESS PERFORMANCE
TABLE 039. L.P.: PRODUCT PORTFOLIO
TABLE 040. L.P.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. RHEEM MANUFACTURING COMPANY: SNAPSHOT
TABLE 041. RHEEM MANUFACTURING COMPANY: BUSINESS PERFORMANCE
TABLE 042. RHEEM MANUFACTURING COMPANY: PRODUCT PORTFOLIO
TABLE 043. RHEEM MANUFACTURING COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. DAIKIN INDUSTRIES LTD: SNAPSHOT
TABLE 044. DAIKIN INDUSTRIES LTD: BUSINESS PERFORMANCE
TABLE 045. DAIKIN INDUSTRIES LTD: PRODUCT PORTFOLIO
TABLE 046. DAIKIN INDUSTRIES LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. EMERSON ELECTRIC CO: SNAPSHOT
TABLE 047. EMERSON ELECTRIC CO: BUSINESS PERFORMANCE
TABLE 048. EMERSON ELECTRIC CO: PRODUCT PORTFOLIO
TABLE 049. EMERSON ELECTRIC CO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. HITACHI LTD.: SNAPSHOT
TABLE 050. HITACHI LTD.: BUSINESS PERFORMANCE
TABLE 051. HITACHI LTD.: PRODUCT PORTFOLIO
TABLE 052. HITACHI LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. JOHNSON CONTROLS INTERNATIONAL: SNAPSHOT
TABLE 053. JOHNSON CONTROLS INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 054. JOHNSON CONTROLS INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 055. JOHNSON CONTROLS INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. LENNOX INTERNATIONAL INC.: SNAPSHOT
TABLE 056. LENNOX INTERNATIONAL INC.: BUSINESS PERFORMANCE
TABLE 057. LENNOX INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 058. LENNOX INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. TRANE TECHNOLOGIES: SNAPSHOT
TABLE 059. TRANE TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 060. TRANE TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 061. TRANE TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. YORK: SNAPSHOT
TABLE 062. YORK: BUSINESS PERFORMANCE
TABLE 063. YORK: PRODUCT PORTFOLIO
TABLE 064. YORK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. AMERICAN STANDARD: SNAPSHOT
TABLE 065. AMERICAN STANDARD: BUSINESS PERFORMANCE
TABLE 066. AMERICAN STANDARD: PRODUCT PORTFOLIO
TABLE 067. AMERICAN STANDARD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. DAIKIN: SNAPSHOT
TABLE 068. DAIKIN: BUSINESS PERFORMANCE
TABLE 069. DAIKIN: PRODUCT PORTFOLIO
TABLE 070. DAIKIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. INGERSOLL RAND: SNAPSHOT
TABLE 071. INGERSOLL RAND: BUSINESS PERFORMANCE
TABLE 072. INGERSOLL RAND: PRODUCT PORTFOLIO
TABLE 073. INGERSOLL RAND: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. LG ELECTRONICS: SNAPSHOT
TABLE 074. LG ELECTRONICS: BUSINESS PERFORMANCE
TABLE 075. LG ELECTRONICS: PRODUCT PORTFOLIO
TABLE 076. LG ELECTRONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. UNITED TECHNOLOGIES: SNAPSHOT
TABLE 077. UNITED TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 078. UNITED TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 079. UNITED TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. ELECTROLUX: SNAPSHOT
TABLE 080. ELECTROLUX: BUSINESS PERFORMANCE
TABLE 081. ELECTROLUX: PRODUCT PORTFOLIO
TABLE 082. ELECTROLUX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. LENNOX: SNAPSHOT
TABLE 083. LENNOX: BUSINESS PERFORMANCE
TABLE 084. LENNOX: PRODUCT PORTFOLIO
TABLE 085. LENNOX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. NORTEK: SNAPSHOT
TABLE 086. NORTEK: BUSINESS PERFORMANCE
TABLE 087. NORTEK: PRODUCT PORTFOLIO
TABLE 088. NORTEK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 089. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 090. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 091. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HVAC EQUIPMENT MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HVAC EQUIPMENT MARKET OVERVIEW BY SYSTEM TYPE
FIGURE 012. HEATING & COOLING SPLIT SYSTEMS MARKET OVERVIEW (2016-2028)
FIGURE 013. HYBRID SPLIT SYSTEM MARKET OVERVIEW (2016-2028)
FIGURE 014. DUCT FREE MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. HVAC EQUIPMENT MARKET OVERVIEW BY END USERS
FIGURE 017. RESIDENTIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 019. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA HVAC EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE HVAC EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC HVAC EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA HVAC EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA HVAC EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the HVAC Equipment Market research report?

The forecast period in the HVAC Equipment Market research report is 2024-2032.

Who are the key players in HVAC Equipment Market?

Carrier Corporation (US), Goodman Manufacturing Company, L.P. (US), Rheem Manufacturing Company (US), Daikin Industries, Ltd (Japan), Emerson Electric Co (US), Hitachi Ltd. (Japan), Johnson Controls International (Ireland), Lennox International, Inc. (US), Trane Technologies (US), York (US), American standard (US), Daikin (Japan), Ingersoll Rand (US), LG Electronics (South Korea), United Technologies (US), Electrolux (Sweden), Lennox (US), Nortek (US), and Other Major Players.

What are the segments of HVAC Equipment Market?

HVAC Equipment Market is segmented into System Type, End User, and region. By System Type, the market is categorized into Heating & cooling split systems, Hybrid split system, Duct free, Others. By End User, the market is categorized into Residential, Commercial, and Industrial. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the HVAC Equipment Market?

HVAC is a common term used by people for Heating, Ventilation, and Air Conditioning. HVAC is a group of a system that refers to the different devices used for cooling or heating air from an outdoor to an indoor area. This system is used in both the residential and commercial sectors and sometimes in the industrial sector.

How big is HVAC Equipment Market?

The Global HVAC Equipment Market size is expected to grow from USD 207.11 billion in 2023 to USD 387.22 billion by 2032, at a CAGR of 7.2 % during the forecast period (2024-2032).