Global HVAC Equipment Market Overview

The Global HVAC Equipment Market size is expected to grow from USD 193.20 billion in 2022 to USD 314.97 billion by 2030, at a CAGR of 6.3 % during the forecast period (2023-2030).

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. This technique is used to maintain the air temperature. The HVAC system keeps a warm and cozy indoor atmosphere in the winter and a cool atmosphere in the summer. This system also includes filters that are used to filter and clean the outdoor air to keep the air healthy and clean. HVAC maintains humidity levels in the area to make the place better for the individual inside the house. The purpose of an HVAC system is not just to work on warming or cooling a space but, it serves to improve air quality and provide comfort for people inside the building. The main goal of an HVAC system is to satisfy the thermal comfort of users by providing the required, desired temperature of air this factor increases the demand for HVAC equipment.

HVAC Equipment Market

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 is expected to dominate HVAC equipment market during the forecast period. North America is the developed region, the use of HVAC Equipment is in various areas like residential properties, commercial buildings, and the industrial sector. The countries like the USA, Mexico, and Canada have lots of commercial and residential properties, which is the main factor that boosts the growth of the HVAC Equipment Market. The population is high in the North America region so the consumer rate is also high for this product in this region. 80% of the people are uses HVAC systems in their houses; due to all this the demand for the HVAC Equipment is increased boosting the HVAC equipment market in North America region in the forecast period.

The European region is expected to lead the HVAC equipment market during the forecast period. This device is used in many commercial and residential properties. It helps to maintain the good air quality in the house and prevent the house from humidity. The ventilation system is also plays important role in maintaining a good environment in modern construction. Air-conditioned and heater are the daily needed things in this region and HVAC provide ventilation equipment, that makes it more effective. In the European region, the per capita income is very high so people are spending money on things that give good health benefit, maintain air quality, and gives comfort in every weather due to all this the European region is expected to grow in the HVAC equipment market during the forecast period.

The Asia Pacific is the region that is expected to lead the HVAC equipment market during the projected period. The Asia Pacific is a region that includes many developing countries. The countries like China and India are in their developing phase, and the increase rate of the residential and commercial areas is very high. The increasing economy of the country increases the spending capacity of the people living in the country. It is a region where the climatic conditions are extreme summer brings extreme heat, winter is really cold and high humidity is always there due to this the need for HVAC equipment is very high. It boosts the demand for the HVAC equipment market during the forecast period.

Covid-19 Impact Analysis On HVAC Equipment Market

COVID-19 had done adverse impact on the Heat Exchanger Market. The market witnessed a slow growth in 2020 as compared to 2019. The HVAC equipment industry suffers from lockdown in many countries due to delays in the manufacturing and production of HVAC equipment. The slow growth in 2020 was due to supply chain disruptions across the world. The use of this equipment’s is in residential, commercial, and industrial spaces, and in lockdown, all the industries have to stop their work all over the world. HVAC equipment is used in every workplace, and household to maintain the atmosphere workably. Companies and industries must make the area comfortable and fresh to get the better working result and the workplaces are closed due to lockdown which affects the overall market. Residential use of HVAC is very high but due to migration people are not ready to do huge investments in technology or materialistic things, survival is the most important thing in this period. People are more comfortable spending on important, needed things like food, and medicines.  Due to this COVID-19 situation less availability of raw materials, high cost, and disturbed supply chain everything is suffering, which shows the huge impact on the market. After the lockdown government changes its policies and now the market is showing growth in this HVAC Equipment Market.

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:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2021

Market Size in 2022:

USD 193.20 Bn.

Forecast Period 2022-28 CAGR:

6.3%

Market Size in 2030:

USD 314.97 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)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • 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 (2016-2028F)
  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 (2016-2028F)
  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 (2016-2028F)
  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 (2016-2028F)
  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 (2016-2028F)
  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 (2016-2028F)
  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 (2016-2028F)
  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, 2016-2028
 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, 2016-2028
 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, 2016-2028
 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, 2016-2028
 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, 2016-2028
 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, 2016-2028
 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:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2021

Market Size in 2022:

USD 193.20 Bn.

Forecast Period 2022-28 CAGR:

6.3%

Market Size in 2030:

USD 314.97 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)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • 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 2023-2030.

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 193.20 billion in 2022 to USD 314.97 billion by 2030, at a CAGR of 6.3 % during the forecast period (2023-2030).