Global HVAC Equipment Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for HVAC Equipment Market is presumed to reach the market size of nearly USD 272.17 Billion by 2032 from USD 158.25 Billion in 2023 with a CAGR of 6.21% under the study period 2024-2032.

HVAC equipment encompasses heating, ventilation, and air conditioning systems in residential, commercial, and industrial buildings. Key components include furnaces, air conditioners, heat pumps, ductwork, and thermostats. These systems work together to regulate indoor temperature, humidity, and air quality, ensuring comfort and safety. Modern HVAC systems often feature energy-efficient technologies and smart controls, allowing for optimized performance and reduced energy consumption.

MARKET DYNAMICS

The increasing focus on energy efficiency & sustainability drives demand for advanced HVAC equipment. Consumers and businesses are seeking systems that reduce energy consumption and lower utility costs, leading to innovations in smart HVAC technologies. Moreover, Urbanization and rising construction activities, especially in emerging economies, are boosting the need for HVAC systems in residential, commercial, and industrial buildings. As cities expand, the demand for reliable climate control solutions intensifies. The growing awareness of indoor air quality & its impact on health propels the market. Modern HVAC equipment is designed to improve air filtration and ventilation, addressing concerns over pollutants and allergens. Additionally, government regulations and incentives promoting the adoption of energy-efficient HVAC systems are playing a crucial role. These regulations often include standards and certifications that encourage using high-efficiency HVAC equipment. Furthermore, technological advancements, such as integrating the Internet of Things (IoT) in HVAC systems, enhance system performance and user convenience. However, rising energy costs and regulatory changes may hinder market growth in the next few years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of HVAC Equipment. The growth and trends of HVAC Equipment industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the HVAC Equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product Type

Heating Equipment (Heat Pumps, Furnaces, Unitary Pumps, Boilers, Others)
Cooling Equipment (Chillers, Air Conditioners, Water Cooling Towers, Others)
Air Delivery Equipment (Ventilation Fans, Humidifiers/Dehumidifiers, Others)

By Application

Residential
Commercial
Industrial

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the HVAC Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the HVAC Equipment market include Daikin Industries Ltd., Fujitsu General Ltd., Gree Electric Appliances Inc. Of Zhuhai Hitachi Ltd., Hubei Donper Electromechanical Group Co. Ltd., Ingersoll-Rand, Mitsubishi Electric Corporation, Moon Environment Technology Co. Ltd., Panasonic Corporation, Sanden Holdings Corp. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114634

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. HVAC EQUIPMENT - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL HVAC EQUIPMENT MARKET ANALYSIS BY PRODUCT TYPE

5.1. Overview By Product Type
5.2. Historical and Forecast Data
5.3. Analysis By Product Type
5.4. Heating Equipment (Heat Pumps, Furnaces, Unitary Pumps, Boilers, Others) Historic and Forecast Sales By Regions
5.5. Cooling Equipment (Chillers, Air Conditioners, Water Cooling Towers, Others) Historic and Forecast Sales By Regions
5.6. Air Delivery Equipment (Ventilation Fans, Humidifiers/Dehumidifiers, Others) Historic and Forecast Sales By Regions

6. GLOBAL HVAC EQUIPMENT MARKET ANALYSIS BY APPLICATION

6.1. Overview By Application
6.2. Historical and Forecast Data
6.3. Analysis By Application
6.4. Residential Historic and Forecast Sales By Regions
6.5. Commercial Historic and Forecast Sales By Regions
6.6. Industrial Historic and Forecast Sales By Regions

7. GLOBAL HVAC EQUIPMENT MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
- 7.3.1 Overview, Historic and Forecast Data Sales Analysis
- 7.3.2 North America By Segment Sales Analysis
- 7.3.3 North America By Country Sales Analysis
- 7.3.4 United States Sales Analysis
- 7.3.5 Canada Sales Analysis
- 7.3.6 Mexico Sales Analysis
7.4. Europe Sales Analysis
- 7.4.1 Overview, Historic and Forecast Data Sales Analysis
- 7.4.2 Europe By Segment Sales Analysis
- 7.4.3 Europe By Country Sales Analysis
- 7.4.4 United Kingdom Sales Analysis
- 7.4.5 France Sales Analysis
- 7.4.6 Germany Sales Analysis
- 7.4.7 Italy Sales Analysis
- 7.4.8 Russia Sales Analysis
- 7.4.9 Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
- 7.5.1 Overview, Historic and Forecast Data Sales Analysis
- 7.5.2 Asia Pacific By Segment Sales Analysis
- 7.5.3 Asia Pacific By Country Sales Analysis
- 7.5.4 China Sales Analysis
- 7.5.5 India Sales Analysis
- 7.5.6 Japan Sales Analysis
- 7.5.7 South Korea Sales Analysis
- 7.5.8 Australia Sales Analysis
- 7.5.9 South East Asia Sales Analysis
- 7.5.10 Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
- 7.6.1 Overview, Historic and Forecast Data Sales Analysis
- 7.6.2 Latin America By Segment Sales Analysis
- 7.6.3 Latin America By Country Sales Analysis
- 7.6.4 Brazil Sales Analysis
- 7.6.5 Argentina Sales Analysis
- 7.6.6 Peru Sales Analysis
- 7.6.7 Chile Sales Analysis
- 7.6.8 Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
- 7.7.1 Overview, Historic and Forecast Data Sales Analysis
- 7.7.2 Middle East & Africa By Segment Sales Analysis
- 7.7.3 Middle East & Africa By Country Sales Analysis
- 7.7.4 Saudi Arabia Sales Analysis
- 7.7.5 UAE Sales Analysis
- 7.7.6 Israel Sales Analysis
- 7.7.7 South Africa Sales Analysis
- 7.7.8 Rest Of Middle East And Africa Sales Analysis

8. COMPETITIVE LANDSCAPE OF THE HVAC EQUIPMENT COMPANIES

8.1. HVAC Equipment Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9. COMPANY PROFILES OF HVAC EQUIPMENT INDUSTRY

9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. Daikin Industries Ltd.
- 9.3.1 Company Overview
- 9.3.2 Company Revenue
- 9.3.3 Products
- 9.3.4 Recent Developments
9.4. Fujitsu General Ltd.
- 9.4.1 Company Overview
- 9.4.2 Company Revenue
- 9.4.3 Products
- 9.4.4 Recent Developments
9.5. Gree Electric Appliances Inc. Of Zhuhai Hitachi Ltd.
- 9.5.1 Company Overview
- 9.5.2 Company Revenue
- 9.5.3 Products
- 9.5.4 Recent Developments
9.6. Hubei Donper Electromechanical Group Co. Ltd.
- 9.6.1 Company Overview
- 9.6.2 Company Revenue
- 9.6.3 Products
- 9.6.4 Recent Developments
9.7. Ingersoll-Rand
- 9.7.1 Company Overview
- 9.7.2 Company Revenue
- 9.7.3 Products
- 9.7.4 Recent Developments
9.8. Mitsubishi Electric Corporation
- 9.8.1 Company Overview
- 9.8.2 Company Revenue
- 9.8.3 Products
- 9.8.4 Recent Developments
9.9. Moon Environment Technology Co. Ltd.
- 9.9.1 Company Overview
- 9.9.2 Company Revenue
- 9.9.3 Products
- 9.9.4 Recent Developments
9.10. Panasonic Corporation
- 9.10.1 Company Overview
- 9.10.2 Company Revenue
- 9.10.3 Products
- 9.10.4 Recent Developments
9.11. Sanden Holdings Corp
- 9.11.1 Company Overview
- 9.11.2 Company Revenue
- 9.11.3 Products
- 9.11.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies