Global HVAC Equipment Market Research Report 2025(Status and Outlook)
Description
Report Overview
The HVAC (Heating, Ventilation, and Air Conditioning) equipment market encompasses systems designed to regulate indoor temperature, humidity, and air quality across residential, commercial, and industrial applications. This includes products such as heat pumps, air conditioners, furnaces, ventilation systems, and smart thermostats, which vary in size, efficiency, and technology depending on their intended use. The industry is driven by factors like urbanization, climate change, energy efficiency regulations, and advancements in smart and sustainable technologies, with demand further influenced by seasonal variations and regional climate conditions. Key players range from global manufacturers to specialized suppliers, competing on innovation, cost, and compliance with environmental standards. Emerging trends include the integration of IoT for remote monitoring, the shift toward renewable energy-compatible systems, and stricter regulatory requirements aimed at reducing carbon emissions. Market growth is also shaped by retrofitting older buildings and expanding construction activities in developing economies.
The global HVAC Equipment market size was estimated at USD 161183.55 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.16% during the forecast period.
This report provides a deep insight into the global HVAC Equipment market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global HVAC Equipment Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the HVAC Equipment market in any manner.
Global HVAC Equipment Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Carrier
DAIKIN INDUSTRIES
Ingersoll Rand
Johnson Controls
LG Electronics
Market Segmentation (by Type)
Furnace
Heat Pump
Central Air Conditioning
Room Air Conditioning
Others
Market Segmentation (by Application)
Non-Residential
Residential
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the HVAC Equipment Market
Overview of the regional outlook of the HVAC Equipment Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the HVAC Equipment Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of HVAC Equipment, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
The HVAC (Heating, Ventilation, and Air Conditioning) equipment market encompasses systems designed to regulate indoor temperature, humidity, and air quality across residential, commercial, and industrial applications. This includes products such as heat pumps, air conditioners, furnaces, ventilation systems, and smart thermostats, which vary in size, efficiency, and technology depending on their intended use. The industry is driven by factors like urbanization, climate change, energy efficiency regulations, and advancements in smart and sustainable technologies, with demand further influenced by seasonal variations and regional climate conditions. Key players range from global manufacturers to specialized suppliers, competing on innovation, cost, and compliance with environmental standards. Emerging trends include the integration of IoT for remote monitoring, the shift toward renewable energy-compatible systems, and stricter regulatory requirements aimed at reducing carbon emissions. Market growth is also shaped by retrofitting older buildings and expanding construction activities in developing economies.
The global HVAC Equipment market size was estimated at USD 161183.55 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.16% during the forecast period.
This report provides a deep insight into the global HVAC Equipment market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global HVAC Equipment Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the HVAC Equipment market in any manner.
Global HVAC Equipment Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Carrier
DAIKIN INDUSTRIES
Ingersoll Rand
Johnson Controls
LG Electronics
Market Segmentation (by Type)
Furnace
Heat Pump
Central Air Conditioning
Room Air Conditioning
Others
Market Segmentation (by Application)
Non-Residential
Residential
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the HVAC Equipment Market
Overview of the regional outlook of the HVAC Equipment Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the HVAC Equipment Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of HVAC Equipment, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
127 Pages
- 1 Research Methodology And Statistical Scope
- 1.1 Market Definition And Statistical Scope Of Hvac Equipment
- 1.2 Key Market Segments
- 1.2.1 Hvac Equipment Segment By Type
- 1.2.2 Hvac Equipment Segment By Application
- 1.3 Methodology & Sources Of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown And Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Hvac Equipment Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Hvac Equipment Market Size (M Usd) Estimates And Forecasts (2020-2033)
- 2.1.2 Global Hvac Equipment Sales Estimates And Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size By Region
- 3 Hvac Equipment Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Hvac Equipment Product Life Cycle
- 3.3 Global Hvac Equipment Sales By Manufacturers (2020-2025)
- 3.4 Global Hvac Equipment Revenue Market Share By Manufacturers (2020-2025)
- 3.5 Hvac Equipment Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
- 3.6 Global Hvac Equipment Average Price By Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
- 3.8 Hvac Equipment Market Competitive Situation And Trends
- 3.8.1 Hvac Equipment Market Concentration Rate
- 3.8.2 Global 5 And 10 Largest Hvac Equipment Players Market Share By Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Hvac Equipment Industry Chain Analysis
- 4.1 Hvac Equipment Industry Chain Analysis
- 4.2 Market Overview Of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development And Dynamics Of Hvac Equipment Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 Pest Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Hvac Equipment Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions And Their Impacts To Hvac Equipment Market
- 5.7 Esg Ratings Of Leading Companies
- 6 Hvac Equipment Market Segmentation By Type
- 6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
- 6.2 Global Hvac Equipment Sales Market Share By Type (2020-2025)
- 6.3 Global Hvac Equipment Market Size Market Share By Type (2020-2025)
- 6.4 Global Hvac Equipment Price By Type (2020-2025)
- 7 Hvac Equipment Market Segmentation By Application
- 7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
- 7.2 Global Hvac Equipment Market Sales By Application (2020-2025)
- 7.3 Global Hvac Equipment Market Size (M Usd) By Application (2020-2025)
- 7.4 Global Hvac Equipment Sales Growth Rate By Application (2020-2025)
- 8 Hvac Equipment Market Sales By Region
- 8.1 Global Hvac Equipment Sales By Region
- 8.1.1 Global Hvac Equipment Sales By Region
- 8.1.2 Global Hvac Equipment Sales Market Share By Region
- 8.2 Global Hvac Equipment Market Size By Region
- 8.2.1 Global Hvac Equipment Market Size By Region
- 8.2.2 Global Hvac Equipment Market Size Market Share By Region
- 8.3 North America
- 8.3.1 North America Hvac Equipment Sales By Country
- 8.3.2 North America Hvac Equipment Market Size By Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Hvac Equipment Sales By Country
- 8.4.2 Europe Hvac Equipment Market Size By Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Hvac Equipment Sales By Region
- 8.5.2 Asia Pacific Hvac Equipment Market Size By Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Hvac Equipment Sales By Country
- 8.6.2 South America Hvac Equipment Market Size By Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East And Africa
- 8.7.1 Middle East And Africa Hvac Equipment Sales By Region
- 8.7.2 Middle East And Africa Hvac Equipment Market Size By Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 Uae Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Hvac Equipment Market Production By Region
- 9.1 Global Production Of Hvac Equipment By Region(2020-2025)
- 9.2 Global Hvac Equipment Revenue Market Share By Region (2020-2025)
- 9.3 Global Hvac Equipment Production, Revenue, Price And Gross Margin (2020-2025)
- 9.4 North America Hvac Equipment Production
- 9.4.1 North America Hvac Equipment Production Growth Rate (2020-2025)
- 9.4.2 North America Hvac Equipment Production, Revenue, Price And Gross Margin (2020-2025)
- 9.5 Europe Hvac Equipment Production
- 9.5.1 Europe Hvac Equipment Production Growth Rate (2020-2025)
- 9.5.2 Europe Hvac Equipment Production, Revenue, Price And Gross Margin (2020-2025)
- 9.6 Japan Hvac Equipment Production (2020-2025)
- 9.6.1 Japan Hvac Equipment Production Growth Rate (2020-2025)
- 9.6.2 Japan Hvac Equipment Production, Revenue, Price And Gross Margin (2020-2025)
- 9.7 China Hvac Equipment Production (2020-2025)
- 9.7.1 China Hvac Equipment Production Growth Rate (2020-2025)
- 9.7.2 China Hvac Equipment Production, Revenue, Price And Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 Carrier
- 10.1.1 Carrier Basic Information
- 10.1.2 Carrier Hvac Equipment Product Overview
- 10.1.3 Carrier Hvac Equipment Product Market Performance
- 10.1.4 Carrier Business Overview
- 10.1.5 Carrier Swot Analysis
- 10.1.6 Carrier Recent Developments
- 10.2 Daikin Industries
- 10.2.1 Daikin Industries Basic Information
- 10.2.2 Daikin Industries Hvac Equipment Product Overview
- 10.2.3 Daikin Industries Hvac Equipment Product Market Performance
- 10.2.4 Daikin Industries Business Overview
- 10.2.5 Daikin Industries Swot Analysis
- 10.2.6 Daikin Industries Recent Developments
- 10.3 Ingersoll Rand
- 10.3.1 Ingersoll Rand Basic Information
- 10.3.2 Ingersoll Rand Hvac Equipment Product Overview
- 10.3.3 Ingersoll Rand Hvac Equipment Product Market Performance
- 10.3.4 Ingersoll Rand Business Overview
- 10.3.5 Ingersoll Rand Swot Analysis
- 10.3.6 Ingersoll Rand Recent Developments
- 10.4 Johnson Controls
- 10.4.1 Johnson Controls Basic Information
- 10.4.2 Johnson Controls Hvac Equipment Product Overview
- 10.4.3 Johnson Controls Hvac Equipment Product Market Performance
- 10.4.4 Johnson Controls Business Overview
- 10.4.5 Johnson Controls Recent Developments
- 10.5 Lg Electronics
- 10.5.1 Lg Electronics Basic Information
- 10.5.2 Lg Electronics Hvac Equipment Product Overview
- 10.5.3 Lg Electronics Hvac Equipment Product Market Performance
- 10.5.4 Lg Electronics Business Overview
- 10.5.5 Lg Electronics Recent Developments
- 11 Hvac Equipment Market Forecast By Region
- 11.1 Global Hvac Equipment Market Size Forecast
- 11.2 Global Hvac Equipment Market Forecast By Region
- 11.2.1 North America Market Size Forecast By Country
- 11.2.2 Europe Hvac Equipment Market Size Forecast By Country
- 11.2.3 Asia Pacific Hvac Equipment Market Size Forecast By Region
- 11.2.4 South America Hvac Equipment Market Size Forecast By Country
- 11.2.5 Middle East And Africa Forecasted Sales Of Hvac Equipment By Country
- 12 Forecast Market By Type And By Application (2026-2033)
- 12.1 Global Hvac Equipment Market Forecast By Type (2026-2033)
- 12.1.1 Global Forecasted Sales Of Hvac Equipment By Type (2026-2033)
- 12.1.2 Global Hvac Equipment Market Size Forecast By Type (2026-2033)
- 12.1.3 Global Forecasted Price Of Hvac Equipment By Type (2026-2033)
- 12.2 Global Hvac Equipment Market Forecast By Application (2026-2033)
- 12.2.1 Global Hvac Equipment Sales (K Units) Forecast By Application
- 12.2.2 Global Hvac Equipment Market Size (M Usd) Forecast By Application (2026-2033)
- 13 Conclusion And Key Findings
Pricing
Currency Rates
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