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Global HVAC

Publisher GlobalData
Published Aug 07, 2025
Length 48 Pages
SKU # GBDT20492660

Description

Global HVAC

Summary

Global HVAC industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • HVAC stands for heating, ventilation, and air conditioning. It refers to the mechanisms that control and distribute heated and cooled air in residential, industrial, and commercial structures, including workplaces, residences, and indoor stadiums.
  • The global HVAC market recorded revenues of $262.2 billion in 2024, representing a compound annual growth rate (CAGR) of 3.4% between 2019 and 2024.
  • The commercial segment accounted for the market's largest proportion in 2024, with total revenues of $117.8 billion, equivalent to 44.9% of the market's overall value.
  • The rise in mega infrastructure projects is a key driver for the global HVAC market, as large commercial complexes, airports, and industrial facilities require sophisticated heating, ventilation, and air conditioning systems for optimal climate control and energy efficiency. Construction projects of large airports, such as Kansai International Airport Expansion in Japan and Navi Mumbai International Airport in India, are fueling demand for advanced HVAC solutions to maintain air quality and ensure comfort in expansive indoor spaces.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hvac market in the global
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the globalhvac market
  • Leading company profiles reveal details of key hvac market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Global hvac market with five year forecasts
Reasons to Buy
  • What was the size of the Global hvac market by value in 2024?
  • What will be the size of the Global hvac market in 2029?
  • What factors are affecting the strength of competition in the Global hvac market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in the global's hvac market?

Table of Contents

48 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Carrier Global Corp
8.2. Mitsubishi Electric Corp
8.3. Daikin Industries Ltd
8.4. Johnson Controls International Plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: Global HVAC market value: $ billion, 2019-24
Table 2: Global HVAC market category segmentation: % share, by value, 2019-24
Table 3: Global HVAC market category segmentation: $ billion, 2019-24
Table 4: Global HVAC market geography segmentation: $ billion, 2024
Table 5: Global HVAC market value forecast: $ billion, 2024-29
Table 6: Carrier Global Corp: Key Facts
Table 7: Carrier Global Corp: annual financial ratios
Table 8: Carrier Global Corp: key employees
Table 9: Mitsubishi Electric Corp: Key Facts
Table 10: Mitsubishi Electric Corp: annual financial ratios
Table 11: Mitsubishi Electric Corp: key employees
Table 12: Mitsubishi Electric Corp: key employees Continued
Table 13: Daikin Industries Ltd: Key Facts
Table 14: Daikin Industries Ltd: annual financial ratios
Table 15: Daikin Industries Ltd: key employees
Table 16: Daikin Industries Ltd: key employees Continued
Table 17: Johnson Controls International Plc: Key Facts
Table 18: Johnson Controls International Plc: annual financial ratios
Table 19: Johnson Controls International Plc: key employees
Table 20: Global Exchange Rate, 2019-24
List of Figures
Figure 1: Global HVAC market value: $ billion, 2019-24
Figure 2: Global HVAC market category segmentation: $ billion, 2019-24
Figure 3: Global HVAC market geography segmentation: % share, by value, 2024
Figure 4: Global HVAC market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the global HVAC market, 2024
Figure 6: Drivers of buyer power in the global HVAC market, 2024
Figure 7: Drivers of supplier power in the global HVAC market, 2024
Figure 8: Factors influencing the likelihood of new entrants in the global HVAC market, 2024
Figure 9: Factors influencing the threat of substitutes in the global HVAC market, 2024
Figure 10: Drivers of degree of rivalry in the global HVAC market, 2024

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