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PUBLISHER: Grand View Research | PRODUCT CODE: 1631497

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PUBLISHER: Grand View Research | PRODUCT CODE: 1631497

Latin America Hydronic HVAC Systems Market Size, Share & Trends Analysis Report By Equipment (Heat Pump, Air Handling Units), By End Use (Residential, Commercial, Industrial), By Country (Mexico, Brazil), And Segment Forecasts, 2025 - 2030

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Latin America Hydronic HVAC Systems Market Growth & Trends:

The Latin America hydronic HVAC systems market size is anticipated to reach USD 1.58 billion by 2030, registering a CAGR of 4.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the rising demand for energy-efficient heating and cooling solutions. As industries and commercial sectors increasingly seek sustainable alternatives to traditional HVAC systems, hydronic technology has gained traction due to its ability to offer improved temperature control and lower energy consumption. The ongoing advancements in technology, including integrating smart controls and automation, are driving the hydronic HVAC systems market in Latin America.

Rising industrial growth in Latin America is significantly driving the demand for hydronic HVAC systems across the region. As industries expand and modernize, the need for efficient climate control systems in manufacturing plants, warehouses, and commercial buildings has surged. This growth is fueled by increased investments in infrastructure, the expansion of industrial sectors, and the rise in construction activities across key markets like Mexico, Brazil, and Chile.

Additionally, the push for energy-efficient solutions to meet environmental standards and reduce operational costs is further boosting the demand for advanced HVAC systems. As industries continue to scale, the HVAC market is positioned for sustained growth, driven by the need for reliable and sustainable temperature control systems.

Furthermore, the growing demand for replacement equipment is driving the expansion of the hydronic HVAC systems market. As older systems near the end of their operational life, building owners are increasingly seeking to upgrade to modern units that provide improved performance, energy savings, and compliance with current environmental standards. This trend presents a significant opportunity for the market, as it involves not only the direct replacement of outdated systems but also promotes the adoption of advanced technologies with enhanced control, integration, and sustainability features.

Latin America Hydronic HVAC Systems Market Report Highlights:

  • Based on equipment, the chillers segment dominated the market in 2024. Rising temperatures and a growing focus on energy-efficient, sustainable solutions are driving the adoption of advanced chillers. Governments are also implementing stricter regulations on energy consumption, further encouraging the adoption of energy-efficient chiller technologies
  • Based on end use, the commercial segment dominated the market in 2024. The growth of hydronic HVAC systems in commercial applications across Latin America is fueled by the increasing demand for energy-efficient and sustainable solutions in office buildings, shopping centers, hotels, and other commercial establishments
  • Based on country, Brazil dominated the market in 2024. Brazil's fluctuating climate, which ranges from hot to cold, creates a need for systems that provide reliable, efficient heating and cooling, making hydronic HVAC systems particularly suitable for these varying conditions
  • In February 2023, SAMSUNG Electronics Co. announced a new range of WindFree AC. It involves AI technology that auto-cools the surroundings by reducing energy consumption by 77%. Furthermore, it has a motion detector sensor, voice control, and welcome cooling. Some of the models of this AC have an in-built air purifier that filters PM2.5 particles
Product Code: GVR-4-68040-497-9

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation and Scope
  • 1.2. Market Definitions
  • 1.3. Research Methodology
  • 1.4. Information Procurement
    • 1.4.1. Purchased Database
    • 1.4.2. GVR's Internal Database
    • 1.4.3. Secondary Sources
    • 1.4.4. Third Party Perspective
    • 1.4.5. Information Analysis
  • 1.5. Information Analysis
    • 1.5.1. Data Analysis Models
    • 1.5.2. Market Formulation & Data Visualization
    • 1.5.3. Data Validation & Publishing
  • 1.6. Research Scope and Assumptions
    • 1.6.1. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
  • 2.3. Competitive Insights

Chapter 3. Latin America Hydronic HVAC Systems Market Variables, Trends, & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Market Concentration & Penetration Outlook
  • 3.3. Industry Value Chain Analysis
    • 3.3.1. Raw Equipment Supplier Outlook
    • 3.3.2. Component Supplier Outlook
    • 3.3.3. Manufacturer Outlook
    • 3.3.4. Distribution Outlook
  • 3.4. Technology Overview
  • 3.5. Regulatory Framework
  • 3.6. Market Dynamics
    • 3.6.1. Market Drivers Analysis
    • 3.6.2. Market Restraints Analysis
    • 3.6.3. Market Opportunity Analysis
    • 3.6.4. Market Challenge Analysis
  • 3.7. Latin America Hydronic HVAC Systems Market Analysis Tools
    • 3.7.1. Porter's Analysis
      • 3.7.1.1. Bargaining power of the suppliers
      • 3.7.1.2. Bargaining power of the buyers
      • 3.7.1.3. Threats of substitution
      • 3.7.1.4. Threats from new entrants
      • 3.7.1.5. Competitive rivalry
    • 3.7.2. PESTEL Analysis
      • 3.7.2.1. Political landscape
      • 3.7.2.2. Economic and Social landscape
      • 3.7.2.3. Technological landscape
      • 3.7.2.4. Environmental landscape
      • 3.7.2.5. Legal landscape
  • 3.8. Economic Mega Trend Analysis

Chapter 4. Latin America Hydronic HVAC Systems Market: Equipment Estimates & Trend Analysis

  • 4.1. Segment Dashboard
  • 4.2. Latin America Hydronic HVAC Systems Market: Equipment Movement Analysis, USD Million, 2024 & 2030
  • 4.3. Heat Pump
    • 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.4. Air Handling Units
    • 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.5. Chillers
    • 4.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.6. Fan Coils
    • 4.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.7. Others
    • 4.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Latin America Hydronic HVAC Systems Market: End Use Estimates & Trend Analysis

  • 5.1. Segment Dashboard
  • 5.2. Latin America Hydronic HVAC Systems Market: Type Movement Analysis, USD Million, 2024 & 2030
  • 5.3. Residential
    • 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.4. Commercial
    • 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.5. Industrial
    • 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Latin America Hydronic HVAC Systems Market: Country Estimates & Trend Analysis

  • 6.1. Latin America Hydronic HVAC Systems Market Share, By Region, 2024 & 2030, USD Million
  • 6.2. Brazil
    • 6.2.1. Brazil Hydronic HVAC Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.3. Mexico
    • 6.3.1. Mexico Hydronic HVAC Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4. Chile
    • 6.4.1. Chile Hydronic HVAC Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.5. Argentina
    • 6.5.1. Argentina Hydronic HVAC Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.6. Colombia
    • 6.6.1. Colombia Hydronic HVAC Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis by Key Market Participants
  • 7.2. Company Categorization
  • 7.3. Company Market Positioning
  • 7.4. Company Market Share Analysis, 2024
  • 7.5. Company Heat Map Analysis, 2024
  • 7.6. Strategy Mapping
  • 7.7. Company Profiles
    • 7.7.1. Carrier
      • 7.7.1.1. Participant's Overview
      • 7.7.1.2. Financial Performance
      • 7.7.1.3. Medium Benchmarking
      • 7.7.1.4. Strategic Initiatives
    • 7.7.2. DAIKIN INDUSTRIES, Ltd
      • 7.7.2.1. Participant's Overview
      • 7.7.2.2. Financial Performance
      • 7.7.2.3. Medium Benchmarking
      • 7.7.2.4. Strategic Initiatives
    • 7.7.3. Johnson Controls Inc.
      • 7.7.3.1. Participant's Overview
      • 7.7.3.2. Financial Performance
      • 7.7.3.3. Medium Benchmarking
      • 7.7.3.4. Strategic Initiatives
    • 7.7.4. Lennox International, Inc.
      • 7.7.4.1. Participant's Overview
      • 7.7.4.2. Financial Performance
      • 7.7.4.3. Medium Benchmarking
      • 7.7.4.4. Strategic Initiatives
    • 7.7.5. Trane
      • 7.7.5.1. Participant's Overview
      • 7.7.5.2. Financial Performance
      • 7.7.5.3. Medium Benchmarking
      • 7.7.5.4. Strategic Initiatives
    • 7.7.6. Samsung Electronics Co., Ltd..
      • 7.7.6.1. Participant's Overview
      • 7.7.6.2. Financial Performance
      • 7.7.6.3. Medium Benchmarking
      • 7.7.6.4. Strategic Initiatives
    • 7.7.7. LG Electronics
      • 7.7.7.1. Participant's Overview
      • 7.7.7.2. Financial Performance
      • 7.7.7.3. Medium Benchmarking
      • 7.7.7.4. Strategic Initiatives
    • 7.7.8. Mitsubishi Corporation.
      • 7.7.8.1. Participant's Overview
      • 7.7.8.2. Financial Performance
      • 7.7.8.3. Medium Benchmarking
      • 7.7.8.4. Strategic Initiatives
    • 7.7.9. Robert Bosch GmbH
      • 7.7.9.1. Participant's Overview
      • 7.7.9.2. Financial Performance
      • 7.7.9.3. Medium Benchmarking
      • 7.7.9.4. Strategic Initiatives
    • 7.7.10. Panasonic Holdings Corporation
      • 7.7.10.1. Participant's Overview
      • 7.7.10.2. Financial Performance
      • 7.7.10.3. Medium Benchmarking
      • 7.7.10.4. Strategic Initiatives
    • 7.7.11. Fujitsu
      • 7.7.11.1. Participant's Overview
      • 7.7.11.2. Financial Performance
      • 7.7.11.3. Medium Benchmarking
      • 7.7.11.4. Strategic Initiatives
    • 7.7.12. Midea
      • 7.7.12.1. Participant's Overview
      • 7.7.12.2. Financial Performance
      • 7.7.12.3. Medium Benchmarking
      • 7.7.12.4. Strategic Initiatives
    • 7.7.13. Aermec
      • 7.7.13.1. Participant's Overview
      • 7.7.13.2. Financial Performance
      • 7.7.13.3. Medium Benchmarking
      • 7.7.13.4. Strategic Initiatives
    • 7.7.14. Rhoss
      • 7.7.14.1. Participant's Overview
      • 7.7.14.2. Financial Performance
      • 7.7.14.3. Medium Benchmarking
      • 7.7.14.4. Strategic Initiatives
    • 7.7.15. Clivet
      • 7.7.15.1. Participant's Overview
      • 7.7.15.2. Financial Performance
      • 7.7.15.3. Medium Benchmarking
      • 7.7.15.4. Strategic Initiatives
    • 7.7.16. Rheem Manufacturing Company
      • 7.7.16.1. Participant's Overview
      • 7.7.16.2. Financial Performance
      • 7.7.16.3. Medium Benchmarking
      • 7.7.16.4. Strategic Initiatives
Product Code: GVR-4-68040-497-9

List of Tables

  • Table 1 List of Key Regulations/Standards/Guidelines
  • Table 2 Latin America Hydronic HVAC Systems Market Estimates and Forecasts, By Equipment, 2018 - 2030 (USD Million)
  • Table 3 Latin America Hydronic HVAC Systems Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 4 Brazil Macroeconomic Outlook
  • Table 5 Mexico Macroeconomic Outlook
  • Table 6 Chile Macroeconomic Outlook
  • Table 7 Argentina Macroeconomic Outlook
  • Table 8 Colombia Macroeconomic Outlook
  • Table 9 Recent Developments & Impact Analysis, By Key Market Participants
  • Table 10 Company Heat Map Analysis, 2023
  • Table 11 Key Companies: Product Launches
  • Table 12 Key Companies: Expansions

List of Figures

  • Fig. 1 Market Segmentation & Scope
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation And Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Market Snapshot
  • Fig. 7 Equipment and End Use Segment Snapshot
  • Fig. 8 Competitive Landscape Snapshot
  • Fig. 9 Latin America Hydronic HVAC Systems Market Value, 2023 (USD Million)
  • Fig. 10 Concentration And Growth Prospect Mapping
  • Fig. 11 Latin America Hydronic HVAC Systems Market - Value Chain Analysis
  • Fig. 12 Latin America Hydronic HVAC Systems Market: Market Dynamics
  • Fig. 13 Total Construction Industry Value In Mexico, (USD Million), 2020 -2023
  • Fig. 14 Heat Map Analysis -State-wise Population, 2023
  • Fig. 15 Manufacturing, Value Added (Annual % Growth) In Latin America, 2018 - 2023
  • Fig. 16 Latin America Hydronic HVAC Systems Market: PORTER's Analysis
  • Fig. 17 Latin America Hydronic HVAC Systems Market: PESTEL Analysis
  • Fig. 18 Real GDP Growth, 2018-2029 (Annual Percent Change)
  • Fig. 19 Latin America Hydronic HVAC Systems Market, By Equipment: Key Takeaways
  • Fig. 20 Latin America Hydronic HVAC Systems Market: Equipment Movement Analysis & Market Share, 2024 & 2030
  • Fig. 21 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, By Heat Pump, 2018 - 2030 (USD Million)
  • Fig. 22 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, By Air Handling Units, 2018 - 2030 (USD Million)
  • Fig. 23 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, By Chillers, 2018 - 2030 (USD Million)
  • Fig. 24 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, By Fan Coils, 2018 - 2030 (USD Million)
  • Fig. 25 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, By Other Equipment, 2018 - 2030 (USD Million)
  • Fig. 26 Latin America Hydronic HVAC Systems Market, By End Use: Key Takeaways
  • Fig. 27 Latin America Hydronic HVAC Systems Market: End Use Movement Analysis & Market Share, 2024 & 2030
  • Fig. 28 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, In Residential, 2018 - 2030 (USD Million)
  • Fig. 29 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, In Commercial, 2018 - 2030 (USD Million)
  • Fig. 30 Latin America Hydronic HVAC Systems Market Estimates & Forecasts, In Industrial, 2018 - 2030 (USD Million)
  • Fig. 31 Brazil Hydronic HVAC Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 32 Mexico Hydronic HVAC Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 33 Chile Hydronic HVAC Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 34 Argentina Hydronic HVAC Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 35 Colombia Hydronic HVAC Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 36 Company Categorization
  • Fig. 37 Company Market Share Analysis, 2023
  • Fig. 38 Company Market Positioning
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