PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1566318
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1566318
HVAC Market Assessment, By Equipment [Heating, Ventilation, Air Conditioning], By Service [Installation, Maintenance and Repair], By Implementation [New Construction, Retrofit], By Region, Opportunities and Forecast, 2017-2031F
Global HVAC market is projected to witness a CAGR of 6.94% during the forecast period 2024-2031, growing from USD 300.56 billion in 2023 to USD 514.11 billion in 2031. Heating, ventilation, and air conditioning (HVAC) systems adjust room temperature based on the users' needs. Manufacturers are able to create equipment that is more compact, effective, and efficient. The demand for HVAC systems such as air conditioners, heaters, and purifiers surges with the formation of new cities, modernized infrastructure, and rapid urbanization. The rising population across the globe is garnering market growth. Advanced technologies have influenced major equipment and solutions, making them more efficient, effective, and sustainable. The significant progress can be credited to sophisticated and novel HVAC technology such as movement-activated air conditioning, dual-fuel heat pumps, smart homes, and geothermal heating.
Advanced technologies such as movement-activated air conditioning, thermally driven air conditioning, on-demand hot water recirculatory, and ice-powered air conditioning are expected to propel the market growth. Furthermore, smart HVAC systems equipped with IoT technology allow for remote monitoring and control via smartphones and smart devices. Features such as predictive maintenance and energy usage analytics help optimize performance and reduce costs. Alongside this, the shift towards refrigerants with lower global warming potential, such as R-32, is becoming more prominent as regulations tighten around traditional refrigerants.
For instance, in May 2024, Lennox International Inc. announced a low global warming potential (GWP) refrigerant rollout for commercial and residential HVAC products. Since low GWP refrigerants drastically reduce the impact of damaging greenhouse gases, the change is expected to promote sustainable product usage among end-users.
Similarly, in June 2024, Mitsubishi Electric Trane HVAC US LLC (METUS) announced its upcoming launch of a new range of products utilizing a low global warming potential (GWP) refrigerant. The new products are anticipated to be available by early 2025.
Rapid Urbanization, Dynamic Temperature, and Technical Integration to Fuel Market Growth
Rapid urbanization, especially in the emerging economies of India and China, is increasing demand for residential and commercial constructions. Governments are investing in smart city projects that integrate the most advanced HVAC systems to enhance energy efficiency and sustainability. With the emergence of IoT, innovation has been introduced, leading end-users to smart HVAC systems. These systems can be engineered to optimize energy usage through the automation of the process and real-time monitoring. The adoption of variable refrigerant flow (VRF) systems, advanced chillers, and energy recovery ventilators (ERVs) is growing due to their efficiency and ability to reduce energy consumption.
The AI algorithms scan the data collected from HVAC equipment to predict the potential failure of any parts before they break. This way, maintenance becomes effective to limit downtime and repair costs. Machine learning can predict unusual patterns in system operations, thus alerting technicians to attend to specific needs that might need assessment. AI systems can change the HVAC settings according to real-time energy prices, occupancy levels, and weather forecasts for optimal energy usage and low costs.
For instance, in January 2024, Carrier Corporation introduced the release of a large inverter air conditioner using the latest technologies, such as artificial intelligence and inverter technology. It applies the 18-stage air control, allowing precise adjustment of wind strength specific to the user's choice, space, and settings. With high-efficiency inverter technology, it tracks minimal temperature changes according to indoor temperature, operating as much as necessary.
Stringent Government Compliance Due to Rising Pollution to Transform the Market Dynamics
Governments are implementing stricter energy efficiency laws, such as the energy efficiency ratio (EER) and seasonal energy efficiency ratio (SEER) ratings for HVAC systems. To fulfill these demands, manufacturers need to be creative, which will propel the creation of cutting-edge, energy-efficient solutions. To incentivize individuals and businesses to engage in environmentally friendly solutions, several regions provide tax rebates and incentives for the installation of high-efficiency HVAC systems.
Governments are enforcing legislation requiring greater ventilation and air filtration in buildings due to their growing recognition of the relevance of IAQ in public health. The adoption of ecologically friendly HVAC solutions is being fueled by the stringent energy efficiency and emissions standards being implemented by governments across the globe. Manufacturers are being forced to develop low-impact replacements due to accords such as the Kigali Amendment, which phase out high-GWP (Global Warming Potential) refrigerants.
For instance, in July 2024, Daikin Europe N.V. (Daikin Industries Ltd.) announced its support for the Global Cooling Pledge at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). The pledge commits to work together with the aim of reducing cooling-related emissions by at least 68%, relative to 2022 levels, by 2050.
Rising Temperature and Technological Advancements to Fuel Air Conditioning Segment
Based on equipment, the air conditioning segment leads the market share. With increased global temperatures, consumers are stressed about seeking increasingly efficient air conditioning solutions so that they can feel comfortable within their homes, offices, and buildings. End-users are urbanizing, wherein more building construction is expected to enhance the rise in temperatures as much as heat islands contribute to increased temperature rises, necessitating better air conditioning indoors.
Furthermore, the continuous improvement in the energy efficiency of technologies, such as inverter-driven compressors and high SEER-rated units, makes air conditioning equipment more attractive for consumers looking for savings on energy costs. The installment of smart technology, which might include IoT connectivity, AI predictive maintenance, and mobile phone-enabled remote control, is certainly a factor that appeals to modern air conditioning systems.
For instance, in April 2022, Samsung India Limited launched the AI-enabled, DVM S2 Varial Refrigerant Flow (VRF) ACs with smarter and faster cooling. With its innovative artificial intelligence (AI) capabilities, the Samsung DVM S2 can detect the installation environment, providing optimal heating and cooling, and monitoring refrigerant leaks in real-time.
Asia-Pacific to Dominate the HVAC Market Share
Asia-Pacific leads the share of the global HVAC market with rapid construction, new projects, and a growing economy. The region is home to some of the world's most populous countries, leading to increased urban migration. Cities are expanding, and new buildings require efficient HVAC systems. Governments are investing heavily in infrastructure projects, including residential, commercial, and industrial buildings that necessitate advanced HVAC solutions. Economic expansion has led to a burgeoning middle class with higher disposable incomes, driving the demand for comfort and energy-efficient HVAC systems at homes and workplaces. The region's rapid industrial growth, especially in manufacturing and technology sectors, has increased the need for sophisticated climate control systems. Asia-Pacific includes various climates, from tropical to temperate, necessitating a wide range of HVAC solutions tailored to local needs. Fluctuating global temperatures and extreme weather conditions have heightened the demand for cooling and heating systems, especially in countries such as India and Southeast Asia. Hence, companies are setting up their HVAC manufacturing facilities in these regions to expand their market reach.
For instance, in April 2024, PG Technoplast Private Limited, a wholly-owned subsidiary of PG Electroplast Limited (PGEL), inaugurated its new marquee air conditioning manufacturing facility for North India in Bhiwadi, Rajasthan. By making this calculated investment, the company hopes to increase its market share in the quickly increasing air conditioning industry and meet India's growing need for sustainable and energy-efficient cooling solutions.
In January 2024, Havells India Limited launched its country-made heat pump. This innovative heat pump uses 25% of the energy and produces up to 129 liters of water, ensuring constant access to hot water up to temperatures as high as 75°C.
Future Market Scenario (2024 - 2031F)
Enhancement of indoor air quality (IAQ) and smart HVAC systems are expected to fuel the market growth.
Smart HVAC systems that provide energy efficiency and sustainability, including advanced filtration systems and ventilation solutions, are projected to fuel market growth.
The new HVAC product launches comply with GWP guidelines and are anticipated to add value to the market.
Key Players Landscape and Outlook
Companies are investing heavily in research and development to create advanced, energy-efficient, and smart HVAC systems that meet evolving consumer demands. Introducing eco-friendly refrigerants and systems designed to minimize environmental impact aligns with global sustainability trends. Players are incorporating IoT and AI into their products for enhanced monitoring, control, and predictive maintenance capabilities. Developing intuitive apps and interfaces that allow customers to control HVAC systems remotely improves users' experiences. Expanding into emerging markets of Asia-Pacific, Africa, and South America to capitalize on urbanization and economic growth is expected to increase the market presence of key players. Partnerships play a crucial role in the HVAC industry, helping companies leverage resources, expand their reach, and enhance their offerings.
For instance, in May 2024, Lennox International Inc. and Samsung Electronics Co. Ltd. signed an agreement forming a joint venture to sell ductless ACs and heat pumps, such as mini-split, multi-split, VRF products, in the United States and Canada. The newly established joint venture will be called Samsung Lennox HVAC North America. Samsung will own 50.1% of the joint venture, and Lennox will own the remaining 49.9%.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Executive Summary
4. Voice of Customer
- 4.1. Product and Market Intelligence
- 4.2. Mode of Brand Awareness
- 4.3. Factors Considered in Purchase Decisions
- 4.3.1. Energy Efficiency
- 4.3.2. System Type
- 4.3.3. Size and Capacity
- 4.3.4. Installation Requirement
- 4.3.5. Noise Levels
- 4.3.6. Durability and Build Quality
- 4.4. Consideration of Privacy and Regulations
5. Global HVAC Market Outlook, 2017-2031F
- 5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share Analysis & Forecast
- 5.2.1. By Equipment
- 5.2.1.1. Heating
- 5.2.1.1.1. Heat Pumps
- 5.2.1.1.2. Furnaces
- 5.2.1.1.3. Unitary Heaters
- 5.2.1.1.4. Boilers
- 5.2.1.2. Ventilation
- 5.2.1.2.1. Air-handling Units
- 5.2.1.2.2. Air Filters
- 5.2.1.2.3. Dehumidifiers
- 5.2.1.2.4. Ventilation Fans
- 5.2.1.2.5. Air Purifiers
- 5.2.1.3. Air Conditioning
- 5.2.1.3.1. Unitary Air Conditioners
- 5.2.1.3.2. Variable Refrigerant Flow (VRF) Systems
- 5.2.1.3.3. Chillers
- 5.2.1.3.4. Room Air Conditioners
- 5.2.1.3.5. Cooling Towers
- 5.2.1.3.6. Coolers
- 5.2.1.1. Heating
- 5.2.2. By Service
- 5.2.2.1. Installation
- 5.2.2.2. Maintenance and Repair
- 5.2.3. By Implementation
- 5.2.3.1. New Construction
- 5.2.3.2. Retrofit
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia-Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East and Africa
- 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
- 5.2.1. By Equipment
- 5.3. Market Map Analysis, 2023
- 5.3.1. By Equipment
- 5.3.2. By Service
- 5.3.3. By Implementation
- 5.3.4. By Region
6. North America HVAC Market Outlook, 2017-2031F*
- 6.1. Market Size Analysis & Forecast
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share Analysis & Forecast
- 6.2.1. By Equipment
- 6.2.1.1. Heating
- 6.2.1.1.1. Heat Pumps
- 6.2.1.1.2. Furnaces
- 6.2.1.1.3. Unitary Heaters
- 6.2.1.1.4. Boilers
- 6.2.1.2. Ventilation
- 6.2.1.2.1. Air-handling Units
- 6.2.1.2.2. Air Filters
- 6.2.1.2.3. Dehumidifiers
- 6.2.1.2.4. Ventilation Fans
- 6.2.1.2.5. Air Purifiers
- 6.2.1.3. Air Conditioning
- 6.2.1.3.1. Unitary Air Conditioners
- 6.2.1.3.2. Variable Refrigerant Flow (VRF) Systems
- 6.2.1.3.3. Chillers
- 6.2.1.3.4. Room Air Conditioners
- 6.2.1.3.5. Cooling Towers
- 6.2.1.3.6. Coolers
- 6.2.1.1. Heating
- 6.2.2. By Service
- 6.2.2.1. Installation
- 6.2.2.2. Maintenance and Repair
- 6.2.3. By Implementation
- 6.2.3.1. New Construction
- 6.2.3.2. Retrofit
- 6.2.4. By Country Share
- 6.2.4.1. United States
- 6.2.4.2. Canada
- 6.2.4.3. Mexico
- 6.2.1. By Equipment
- 6.3. Country Market Assessment
- 6.3.1. United States HVAC Market Outlook, 2017-2031F*
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.1.2. By Volume
- 6.3.1.2. Market Share Analysis & Forecast
- 6.3.1.2.1. By Equipment
- 6.3.1.2.1.1. Heating
- 6.3.1.2.1.1.1. Heat Pumps
- 6.3.1.2.1.1.2. Furnaces
- 6.3.1.2.1.1.3. Unitary Heaters
- 6.3.1.2.1.1.4. Boilers
- 6.3.1.2.1.2. Ventilation
- 6.3.1.2.1.2.1. Air-handling Units
- 6.3.1.2.1.2.2. Air Filters
- 6.3.1.2.1.2.3. Dehumidifiers
- 6.3.1.2.1.2.4. Ventilation Fans
- 6.3.1.2.1.2.5. Air Purifiers
- 6.3.1.2.1.3. Air Conditioning
- 6.3.1.2.1.3.1. Unitary Air Conditioners
- 6.3.1.2.1.3.2. Variable Refrigerant Flow (VRF) Systems
- 6.3.1.2.1.3.3. Chillers
- 6.3.1.2.1.3.4. Room Air Conditioners
- 6.3.1.2.1.3.5. Cooling Towers
- 6.3.1.2.1.3.6. Coolers
- 6.3.1.2.2. By Service
- 6.3.1.2.2.1. Installation
- 6.3.1.2.2.2. Maintenance and Repair
- 6.3.1.2.3. By Implementation
- 6.3.1.2.3.1. New Construction
- 6.3.1.2.3.2. Retrofit
- 6.3.1.2.1. By Equipment
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.2. Canada
- 6.3.3. Mexico
- 6.3.1. United States HVAC Market Outlook, 2017-2031F*
All segments will be provided for all regions and countries covered
7. Europe HVAC Market Outlook, 2017-2031F
- 7.1. Germany
- 7.2. France
- 7.3. Italy
- 7.4. United Kingdom
- 7.5. Russia
- 7.6. Netherlands
- 7.7. Spain
- 7.8. Turkey
- 7.9. Poland
8. Asia-Pacific HVAC Market Outlook, 2017-2031F
- 8.1. India
- 8.2. China
- 8.3. Japan
- 8.4. Australia
- 8.5. Vietnam
- 8.6. South Korea
- 8.7. Indonesia
- 8.8. Philippines
9. South America HVAC Market Outlook, 2017-2031F
- 9.1. Brazil
- 9.2. Argentina
10. Middle East and Africa HVAC Market Outlook, 2017-2031F
- 10.1. Saudi Arabia
- 10.2. UAE
- 10.3. South Africa
11. Demand Supply Analysis
12. Import and Export Analysis
13. Value Chain Analysis
14. Porter's Five Forces Analysis
15. PESTLE Analysis
16. Pricing Analysis
17. Market Dynamics
- 17.1. Market Drivers
- 17.2. Market Challenges
18. Market Trends and Developments
19. Case Studies
20. Competitive Landscape
- 20.1. Competition Matrix of Top 5 Market Leaders
- 20.2. SWOT Analysis for Top 5 Players
- 20.3. Key Players Landscape for Top 10 Market Players
- 20.3.1. Carrier Global Corporation
- 20.3.1.1. Company Details
- 20.3.1.2. Key Management Personnel
- 20.3.1.3. Products and Services
- 20.3.1.4. Financials (As Reported)
- 20.3.1.5. Key Market Focus and Geographical Presence
- 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 20.3.2. Daikin Industries Ltd.
- 20.3.3. Danfoss AS
- 20.3.4. Emerson Electric Co.
- 20.3.5. Honeywell International Inc.
- 20.3.6. Johnson Controls International
- 20.3.7. Lennox International Inc.
- 20.3.8. LG Electronics Inc.
- 20.3.9. Mitsubishi Electric Corporation
- 20.3.10. Panasonic Holdings Corporation
- 20.3.11. Samsung Electronics Co. Ltd.
- 20.3.1. Carrier Global Corporation
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
21. Strategic Recommendations
22. About Us and Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 2. Global HVAC Market, By Volume, in Units, 2017-2031F
- Figure 3. Global HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 4. Global HVAC Market Share (%), By Service, 2017-2031F
- Figure 5. Global HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 6. Global HVAC Market Share (%), By Region, 2017-2031F
- Figure 7. North America HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 8. North America HVAC Market, By Volume, in Units, 2017-2031F
- Figure 9. North America HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 10. North America HVAC Market Share (%), By Service, 2017-2031F
- Figure 11. North America HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 12. North America HVAC Market Share (%), By Country, 2017-2031F
- Figure 13. United States HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 14. United States HVAC Market, By Volume, in Units, 2017-2031F
- Figure 15. United States HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 16. United States HVAC Market Share (%), By Service, 2017-2031F
- Figure 17. United States HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 18. Canada HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 19. Canada HVAC Market, By Volume, in Units, 2017-2031F
- Figure 20. Canada HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 21. Canada HVAC Market Share (%), By Service, 2017-2031F
- Figure 22. Canada HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 23. Mexico HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 24. Mexico HVAC Market, By Volume, in Units, 2017-2031F
- Figure 25. Mexico HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 26. Mexico HVAC Market Share (%), By Service, 2017-2031F
- Figure 27. Mexico HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 28. Europe HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 29. Europe HVAC Market, By Volume, in Units, 2017-2031F
- Figure 30. Europe HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 31. Europe HVAC Market Share (%), By Service, 2017-2031F
- Figure 32. Europe HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 33. Europe HVAC Market Share (%), By Country, 2017-2031F
- Figure 34. Germany HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 35. Germany HVAC Market, By Volume, in Units, 2017-2031F
- Figure 36. Germany HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 37. Germany HVAC Market Share (%), By Service, 2017-2031F
- Figure 38. Germany HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 39. France HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 40. France HVAC Market, By Volume, in Units, 2017-2031F
- Figure 41. France HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 42. France HVAC Market Share (%), By Service, 2017-2031F
- Figure 43. France HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 44. Italy HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 45. Italy HVAC Market, By Volume, in Units, 2017-2031F
- Figure 46. Italy HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 47. Italy HVAC Market Share (%), By Service, 2017-2031F
- Figure 48. Italy HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 49. United Kingdom HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 50. United Kingdom HVAC Market, By Volume, in Units, 2017-2031F
- Figure 51. United Kingdom HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 52. United Kingdom HVAC Market Share (%), By Service, 2017-2031F
- Figure 53. United Kingdom HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 54. Russia HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 55. Russia HVAC Market, By Volume, in Units, 2017-2031F
- Figure 56. Russia HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 57. Russia HVAC Market Share (%), By Service, 2017-2031F
- Figure 58. Russia HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 59. Netherlands HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 60. Netherlands HVAC Market, By Volume, in Units, 2017-2031F
- Figure 61. Netherlands HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 62. Netherlands HVAC Market Share (%), By Service, 2017-2031F
- Figure 63. Netherlands HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 64. Spain HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 65. Spain HVAC Market, By Volume, in Units, 2017-2031F
- Figure 66. Spain HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 67. Spain HVAC Market Share (%), By Service, 2017-2031F
- Figure 68. Spain HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 69. Turkey HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 70. Turkey HVAC Market, By Volume, in Units, 2017-2031F
- Figure 71. Turkey HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 72. Turkey HVAC Market Share (%), By Service, 2017-2031F
- Figure 73. Turkey HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 74. Poland HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 75. Poland HVAC Market, By Volume, in Units, 2017-2031F
- Figure 76. Poland HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 77. Poland HVAC Market Share (%), By Service, 2017-2031F
- Figure 78. Poland HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 79. South America HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 80. South America HVAC Market, By Volume, in Units, 2017-2031F
- Figure 81. South America HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 82. South America HVAC Market Share (%), By Service, 2017-2031F
- Figure 83. South America HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 84. South America HVAC Market Share (%), By Country, 2017-2031F
- Figure 85. Brazil HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 86. Brazil HVAC Market, By Volume, in Units, 2017-2031F
- Figure 87. Brazil HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 88. Brazil HVAC Market Share (%), By Service, 2017-2031F
- Figure 89. Brazil HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 90. Argentina HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 91. Argentina HVAC Market, By Volume, in Units, 2017-2031F
- Figure 92. Argentina HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 93. Argentina HVAC Market Share (%), By Service, 2017-2031F
- Figure 94. Argentina HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 95. Asia-Pacific HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 96. Asia-Pacific HVAC Market, By Volume, in Units, 2017-2031F
- Figure 97. Asia-Pacific HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 98. Asia-Pacific HVAC Market Share (%), By Service, 2017-2031F
- Figure 99. Asia-Pacific HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 100. Asia-Pacific HVAC Market Share (%), By Country, 2017-2031F
- Figure 101. India HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 102. India HVAC Market, By Volume, in Units, 2017-2031F
- Figure 103. India HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 104. India HVAC Market Share (%), By Service, 2017-2031F
- Figure 105. India HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 106. China HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 107. China HVAC Market, By Volume, in Units, 2017-2031F
- Figure 108. China HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 109. China HVAC Market Share (%), By Service, 2017-2031F
- Figure 110. China HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 111. Japan HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 112. Japan HVAC Market, By Volume, in Units, 2017-2031F
- Figure 113. Japan HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 114. Japan HVAC Market Share (%), By Service, 2017-2031F
- Figure 115. Japan HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 116. Australia HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 117. Australia HVAC Market, By Volume, in Units, 2017-2031F
- Figure 118. Australia HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 119. Australia HVAC Market Share (%), By Service, 2017-2031F
- Figure 120. Australia HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 121. Vietnam HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 122. Vietnam HVAC Market, By Volume, in Units, 2017-2031F
- Figure 123. Vietnam HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 124. Vietnam HVAC Market Share (%), By Service, 2017-2031F
- Figure 125. Vietnam HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 126. South Korea HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 127. South Korea HVAC Market, By Volume, in Units, 2017-2031F
- Figure 128. South Korea HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 129. South Korea HVAC Market Share (%), By Service, 2017-2031F
- Figure 130. South Korea HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 131. Indonesia HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 132. Indonesia HVAC Market, By Volume, in Units, 2017-2031F
- Figure 133. Indonesia HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 134. Indonesia HVAC Market Share (%), By Service, 2017-2031F
- Figure 135. Indonesia HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 136. Philippines HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 137. Philippines HVAC Market, By Volume, in Units, 2017-2031F
- Figure 138. Philippines HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 139. Philippines HVAC Market Share (%), By Service, 2017-2031F
- Figure 140. Philippines HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 141. Middle East & Africa HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 142. Middle East & Africa HVAC Market, By Volume, in Units, 2017-2031F
- Figure 143. Middle East & Africa HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 144. Middle East & Africa HVAC Market Share (%), By Service, 2017-2031F
- Figure 145. Middle East & Africa HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 146. Middle East & Africa HVAC Market Share (%), By Country, 2017-2031F
- Figure 147. Saudi Arabia HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 148. Saudi Arabia HVAC Market, By Volume, in Units, 2017-2031F
- Figure 149. Saudi Arabia HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 150. Saudi Arabia HVAC Market Share (%), By Service, 2017-2031F
- Figure 151. Saudi Arabia HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 152. UAE HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 153. UAE HVAC Market, By Volume, in Units, 2017-2031F
- Figure 154. UAE HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 155. UAE HVAC Market Share (%), By Service, 2017-2031F
- Figure 156. UAE HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 157. South Africa HVAC Market, By Value, in USD Billion, 2017-2031F
- Figure 158. South Africa HVAC Market, By Volume, in Units, 2017-2031F
- Figure 159. South Africa HVAC Market Share (%), By Equipment, 2017-2031F
- Figure 160. South Africa HVAC Market Share (%), By Service, 2017-2031F
- Figure 161. South Africa HVAC Market Share (%), By Implementation, 2017-2031F
- Figure 162. By Equipment Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 163. By Service Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 164. By Implementation Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
