Hvac Equipment market in China 2024-2028

Description

List of Tables

The HVAC equipment market in China is forecasted to grow by USD 13.4 bn during 2023-2028, accelerating at a CAGR of 8.01% during the forecast period. The report on the HVAC equipment market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for centralized HVAC systems, increasing residential and commercial construction activities, and cost advantages of renting HVAC equipment.

Technavio's HVAC equipment market in China is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.37%
CAGR	8.01%
Incremental Value	$13.4bn

By End-user

Non-residential
Residential

By Product

Air conditioning equipment
Heating equipment
Ventilation equipment

By Geographical Landscape

APAC

This study identifies the advent of smart HVAC systems as one of the prime reasons driving the HVAC equipment market in China growth during the next few years. Also, growing preference for customized HVAC systems and rising adoption of prefabricated construction solutions will lead to sizable demand in the market.

The report on the HVAC equipment market in China covers the following areas:

HVAC equipment market in China sizing
HVAC equipment market in China forecast
HVAC equipment market in China industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC equipment market in China vendors that include Carrier Global Corp., Daikin Industries Ltd., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, GUANGDONG CHIGO AIR CONDITIONING CO. LTD., Guangzhou Seagull Kitchen And Bath Products Co. Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., Johnson Controls International PLC., Lennox International Inc., LG Corp., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Shanghai Shenglin M and E Technology Co. Ltd., TCL Electronics Holdings Ltd., Toshiba Corp., and Trane Technologies PLC. Also, the HVAC equipment market in China analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76369

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China: Year-over-year growth 2023-2028 (%)
- Data Table on China: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 HVAC Equipment Market in China 2018 - 2022
- Historic Market Size - Data Table on HVAC Equipment Market in China 2018 - 2022 ($ billion)
4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
6.3 Non-residential - Market size and forecast 2023-2028
- Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
- Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
- Chart on Non-residential - Year-over-year growth 2023-2028 (%)
- Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
6.4 Residential - Market size and forecast 2023-2028
- Chart on Residential - Market size and forecast 2023-2028 ($ billion)
- Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
- Chart on Residential - Year-over-year growth 2023-2028 (%)
- Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 Air conditioning equipment - Market size and forecast 2023-2028
- Chart on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
- Data Table on Air conditioning equipment - Market size and forecast 2023-2028 ($ billion)
- Chart on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
- Data Table on Air conditioning equipment - Year-over-year growth 2023-2028 (%)
7.4 Heating equipment - Market size and forecast 2023-2028
- Chart on Heating equipment - Market size and forecast 2023-2028 ($ billion)
- Data Table on Heating equipment - Market size and forecast 2023-2028 ($ billion)
- Chart on Heating equipment - Year-over-year growth 2023-2028 (%)
- Data Table on Heating equipment - Year-over-year growth 2023-2028 (%)
7.5 Ventilation equipment - Market size and forecast 2023-2028
- Chart on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
- Data Table on Ventilation equipment - Market size and forecast 2023-2028 ($ billion)
- Chart on Ventilation equipment - Year-over-year growth 2023-2028 (%)
- Data Table on Ventilation equipment - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
11.3 Carrier Global Corp.
- Carrier Global Corp. - Overview
- Carrier Global Corp. - Business segments
- Carrier Global Corp. - Key news
- Carrier Global Corp. - Key offerings
- Carrier Global Corp. - Segment focus
11.4 Daikin Industries Ltd.
- Daikin Industries Ltd. - Overview
- Daikin Industries Ltd. - Business segments
- Daikin Industries Ltd. - Key news
- Daikin Industries Ltd. - Key offerings
- Daikin Industries Ltd. - Segment focus
11.5 Fujitsu Ltd.
- Fujitsu Ltd. - Overview
- Fujitsu Ltd. - Business segments
- Fujitsu Ltd. - Key news
- Fujitsu Ltd. - Key offerings
- Fujitsu Ltd. - Segment focus
11.6 Gree Electric Appliances Inc. of Zhuhai
- Gree Electric Appliances Inc. of Zhuhai - Overview
- Gree Electric Appliances Inc. of Zhuhai - Product / Service
- Gree Electric Appliances Inc. of Zhuhai - Key offerings
11.7 Haier Smart Home Co. Ltd.
- Haier Smart Home Co. Ltd. - Overview
- Haier Smart Home Co. Ltd. - Business segments
- Haier Smart Home Co. Ltd. - Key news
- Haier Smart Home Co. Ltd. - Key offerings
- Haier Smart Home Co. Ltd. - Segment focus
11.8 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
11.9 Johnson Controls International Plc.
- Johnson Controls International Plc. - Overview
- Johnson Controls International Plc. - Business segments
- Johnson Controls International Plc. - Key news
- Johnson Controls International Plc. - Key offerings
- Johnson Controls International Plc. - Segment focus
11.10 LG Corp.
- LG Corp. - Overview
- LG Corp. - Business segments
- LG Corp. - Key news
- LG Corp. - Key offerings
- LG Corp. - Segment focus
11.11 MIDEA Group Co. Ltd.
- MIDEA Group Co. Ltd. - Overview
- MIDEA Group Co. Ltd. - Product / Service
- MIDEA Group Co. Ltd. - Key news
- MIDEA Group Co. Ltd. - Key offerings
11.12 Mitsubishi Electric Corp.
- Mitsubishi Electric Corp. - Overview
- Mitsubishi Electric Corp. - Business segments
- Mitsubishi Electric Corp. - Key news
- Mitsubishi Electric Corp. - Key offerings
- Mitsubishi Electric Corp. - Segment focus
11.13 Panasonic Holdings Corp.
- Panasonic Holdings Corp. - Overview
- Panasonic Holdings Corp. - Product / Service
- Panasonic Holdings Corp. - Key news
- Panasonic Holdings Corp. - Key offerings
11.14 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
11.15 TCL Electronics Holdings Ltd.
- TCL Electronics Holdings Ltd. - Overview
- TCL Electronics Holdings Ltd. - Business segments
- TCL Electronics Holdings Ltd. - Key offerings
- TCL Electronics Holdings Ltd. - Segment focus
11.16 Toshiba Corp.
- Toshiba Corp. - Overview
- Toshiba Corp. - Business segments
- Toshiba Corp. - Key news
- Toshiba Corp. - Key offerings
- Toshiba Corp. - Segment focus
11.17 Trane Technologies plc
- Trane Technologies plc - Overview
- Trane Technologies plc - Business segments
- Trane Technologies plc - Key news
- Trane Technologies plc - Key offerings
- Trane Technologies plc - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- List of abbreviations