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HVAC-Global Market Insights and Sales Trends 2024
Synopsis
Heating, ventilation, and air conditioning (HVAC) is the technology of indoor and vehicular environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. HVAC system design is a subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics and heat transfer. "Refrigeration" is sometimes added to the field's abbreviation, as HVAC&R or HVACR or "ventilation" is dropped, as in HACR (as in the designation of HACR-rated circuit breakers).
The global HVAC market size is expected to reach US$ 210670 million by 2029, growing at a CAGR of 5.4% from 2023 to 2029. The market is mainly driven by the significant applications of HVAC in various end use industries. The expanding demands from the Residential, Commercial Real Estate, Institutional and Marine & Offshore, are propelling HVAC market. Direct Expansion Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Central Air Conditioning Systems segment is estimated at % CAGR for the next seven-year period.
The two main systems that are applicable for heating purposes: furnace-based and boiler-based systems. Furnace-based technology is prominent in the North American and APAC markets, whereas boiler-based systems dominate the European market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HVAC, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HVAC market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HVAC market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVAC sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HVAC covered in this report include Samsung Electronics, Toshiba Corporation, Ingersoll-Rand, Johnson Control International, Mitsubishi Electric Corporation, Midea Group, Gree Electric, United Technologies Corporation and Panasonic Corporation, etc.
The global HVAC market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Samsung Electronics
Toshiba Corporation
Ingersoll-Rand
Johnson Control International
Mitsubishi Electric Corporation
Midea Group
Gree Electric
United Technologies Corporation
Panasonic Corporation
Daikin Industries
Global HVAC market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HVAC market, Segment by Type:
Direct Expansion Systems
Central Air Conditioning Systems
Global HVAC market, by Application
Residential
Commercial Real Estate
Institutional
Marine & Offshore
Oil & Gas
Power
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HVAC manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVAC in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Heating, ventilation, and air conditioning (HVAC) is the technology of indoor and vehicular environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. HVAC system design is a subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics and heat transfer. "Refrigeration" is sometimes added to the field's abbreviation, as HVAC&R or HVACR or "ventilation" is dropped, as in HACR (as in the designation of HACR-rated circuit breakers).
The global HVAC market size is expected to reach US$ 210670 million by 2029, growing at a CAGR of 5.4% from 2023 to 2029. The market is mainly driven by the significant applications of HVAC in various end use industries. The expanding demands from the Residential, Commercial Real Estate, Institutional and Marine & Offshore, are propelling HVAC market. Direct Expansion Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Central Air Conditioning Systems segment is estimated at % CAGR for the next seven-year period.
The two main systems that are applicable for heating purposes: furnace-based and boiler-based systems. Furnace-based technology is prominent in the North American and APAC markets, whereas boiler-based systems dominate the European market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HVAC, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HVAC market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HVAC market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVAC sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HVAC covered in this report include Samsung Electronics, Toshiba Corporation, Ingersoll-Rand, Johnson Control International, Mitsubishi Electric Corporation, Midea Group, Gree Electric, United Technologies Corporation and Panasonic Corporation, etc.
The global HVAC market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Samsung Electronics
Toshiba Corporation
Ingersoll-Rand
Johnson Control International
Mitsubishi Electric Corporation
Midea Group
Gree Electric
United Technologies Corporation
Panasonic Corporation
Daikin Industries
Global HVAC market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HVAC market, Segment by Type:
Direct Expansion Systems
Central Air Conditioning Systems
Global HVAC market, by Application
Residential
Commercial Real Estate
Institutional
Marine & Offshore
Oil & Gas
Power
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HVAC manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVAC in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 HVAC Market Overview
1.1 HVAC Product Overview
1.2 HVAC Market Segment by Type
1.2.1 Direct Expansion Systems
1.2.2 Central Air Conditioning Systems
1.3 Global HVAC Market Size by Type
1.3.1 Global HVAC Market Size Overview by Type (2018-2029)
1.3.2 Global HVAC Historic Market Size Review by Type (2018-2023)
1.3.3 Global HVAC Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America HVAC Sales Breakdown by Type (2018-2023)
1.4.2 Europe HVAC Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific HVAC Sales Breakdown by Type (2018-2023)
1.4.4 Latin America HVAC Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa HVAC Sales Breakdown by Type (2018-2023)
2 Global HVAC Market Competition by Company
2.1 Global Top Players by HVAC Sales (2018-2023)
2.2 Global Top Players by HVAC Revenue (2018-2023)
2.3 Global Top Players by HVAC Price (2018-2023)
2.4 Global Top Manufacturers HVAC Manufacturing Base Distribution, Sales Area, Product Type
2.5 HVAC Market Competitive Situation and Trends
2.5.1 HVAC Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by HVAC Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in HVAC as of 2022)
2.7 Date of Key Manufacturers Enter into HVAC Market
2.8 Key Manufacturers HVAC Product Offered
2.9 Mergers & Acquisitions, Expansion
3 HVAC Status and Outlook by Region
3.1 Global HVAC Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global HVAC Historic Market Size by Region
3.2.1 Global HVAC Sales in Volume by Region (2018-2023)
3.2.2 Global HVAC Sales in Value by Region (2018-2023)
3.2.3 Global HVAC Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global HVAC Forecasted Market Size by Region
3.3.1 Global HVAC Sales in Volume by Region (2024-2029)
3.3.2 Global HVAC Sales in Value by Region (2024-2029)
3.3.3 Global HVAC Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global HVAC by Application
4.1 HVAC Market Segment by Application
4.1.1 Residential
4.1.2 Commercial Real Estate
4.1.3 Institutional
4.1.4 Marine & Offshore
4.1.5 Oil & Gas
4.1.6 Power
4.1.7 Others
4.2 Global HVAC Market Size by Application
4.2.1 Global HVAC Market Size Overview by Application (2018-2029)
4.2.2 Global HVAC Historic Market Size Review by Application (2018-2023)
4.2.3 Global HVAC Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America HVAC Sales Breakdown by Application (2018-2023)
4.3.2 Europe HVAC Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific HVAC Sales Breakdown by Application (2018-2023)
4.3.4 Latin America HVAC Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa HVAC Sales Breakdown by Application (2018-2023)
5 North America HVAC by Country
5.1 North America HVAC Historic Market Size by Country
5.1.1 North America HVAC Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America HVAC Sales in Volume by Country (2018-2023)
5.1.3 North America HVAC Sales in Value by Country (2018-2023)
5.2 North America HVAC Forecasted Market Size by Country
5.2.1 North America HVAC Sales in Volume by Country (2024-2029)
5.2.2 North America HVAC Sales in Value by Country (2024-2029)
6 Europe HVAC by Country
6.1 Europe HVAC Historic Market Size by Country
6.1.1 Europe HVAC Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe HVAC Sales in Volume by Country (2018-2023)
6.1.3 Europe HVAC Sales in Value by Country (2018-2023)
6.2 Europe HVAC Forecasted Market Size by Country
6.2.1 Europe HVAC Sales in Volume by Country (2024-2029)
6.2.2 Europe HVAC Sales in Value by Country (2024-2029)
7 Asia-Pacific HVAC by Region
7.1 Asia-Pacific HVAC Historic Market Size by Region
7.1.1 Asia-Pacific HVAC Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific HVAC Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific HVAC Sales in Value by Region (2018-2023)
7.2 Asia-Pacific HVAC Forecasted Market Size by Region
7.2.1 Asia-Pacific HVAC Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific HVAC Sales in Value by Region (2024-2029)
8 Latin America HVAC by Country
8.1 Latin America HVAC Historic Market Size by Country
8.1.1 Latin America HVAC Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America HVAC Sales in Volume by Country (2018-2023)
8.1.3 Latin America HVAC Sales in Value by Country (2018-2023)
8.2 Latin America HVAC Forecasted Market Size by Country
8.2.1 Latin America HVAC Sales in Volume by Country (2024-2029)
8.2.2 Latin America HVAC Sales in Value by Country (2024-2029)
9 Middle East and Africa HVAC by Country
9.1 Middle East and Africa HVAC Historic Market Size by Country
9.1.1 Middle East and Africa HVAC Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa HVAC Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa HVAC Sales in Value by Country (2018-2023)
9.2 Middle East and Africa HVAC Forecasted Market Size by Country
9.2.1 Middle East and Africa HVAC Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa HVAC Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Samsung Electronics
10.1.1 Samsung Electronics Company Information
10.1.2 Samsung Electronics Introduction and Business Overview
10.1.3 Samsung Electronics HVAC Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Samsung Electronics HVAC Products Offered
10.1.5 Samsung Electronics Recent Development
10.2 Toshiba Corporation
10.2.1 Toshiba Corporation Company Information
10.2.2 Toshiba Corporation Introduction and Business Overview
10.2.3 Toshiba Corporation HVAC Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Toshiba Corporation HVAC Products Offered
10.2.5 Toshiba Corporation Recent Development
10.3 Ingersoll-Rand
10.3.1 Ingersoll-Rand Company Information
10.3.2 Ingersoll-Rand Introduction and Business Overview
10.3.3 Ingersoll-Rand HVAC Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Ingersoll-Rand HVAC Products Offered
10.3.5 Ingersoll-Rand Recent Development
10.4 Johnson Control International
10.4.1 Johnson Control International Company Information
10.4.2 Johnson Control International Introduction and Business Overview
10.4.3 Johnson Control International HVAC Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Johnson Control International HVAC Products Offered
10.4.5 Johnson Control International Recent Development
10.5 Mitsubishi Electric Corporation
10.5.1 Mitsubishi Electric Corporation Company Information
10.5.2 Mitsubishi Electric Corporation Introduction and Business Overview
10.5.3 Mitsubishi Electric Corporation HVAC Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Mitsubishi Electric Corporation HVAC Products Offered
10.5.5 Mitsubishi Electric Corporation Recent Development
10.6 Midea Group
10.6.1 Midea Group Company Information
10.6.2 Midea Group Introduction and Business Overview
10.6.3 Midea Group HVAC Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Midea Group HVAC Products Offered
10.6.5 Midea Group Recent Development
10.7 Gree Electric
10.7.1 Gree Electric Company Information
10.7.2 Gree Electric Introduction and Business Overview
10.7.3 Gree Electric HVAC Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Gree Electric HVAC Products Offered
10.7.5 Gree Electric Recent Development
10.8 United Technologies Corporation
10.8.1 United Technologies Corporation Company Information
10.8.2 United Technologies Corporation Introduction and Business Overview
10.8.3 United Technologies Corporation HVAC Sales, Revenue and Gross Margin (2018-2023)
10.8.4 United Technologies Corporation HVAC Products Offered
10.8.5 United Technologies Corporation Recent Development
10.9 Panasonic Corporation
10.9.1 Panasonic Corporation Company Information
10.9.2 Panasonic Corporation Introduction and Business Overview
10.9.3 Panasonic Corporation HVAC Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Panasonic Corporation HVAC Products Offered
10.9.5 Panasonic Corporation Recent Development
10.10 Daikin Industries
10.10.1 Daikin Industries Company Information
10.10.2 Daikin Industries Introduction and Business Overview
10.10.3 Daikin Industries HVAC Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Daikin Industries HVAC Products Offered
10.10.5 Daikin Industries Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 HVAC Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 HVAC Industrial Chain Analysis
11.4 HVAC Market Dynamics
11.4.1 HVAC Industry Trends
11.4.2 HVAC Market Drivers
11.4.3 HVAC Market Challenges
11.4.4 HVAC Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 HVAC Distributors
12.3 HVAC Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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