HVAC System Market by Cooling (Unitary AC, VRF, Chiller, Cooling Tower, Cooler), Heating (Heat Pump, Boiler, Unitary Heater, Furnace), Ventilation (AHU, Air Filter, Humidifier, Purifier), Technology (Smart, Sustainable), Service - Global Forecast to 2030

1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Inclusions and Exclusions
1.3.3 Years Considered
1.4 Currency
1.5 Units Considered
1.6 Stakeholders
1.7 Summary of Changes

2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 List of Major Participants in Primary Interviews
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Breakdown of Primaries
2.1.2.4 Key Industry Insights
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Market Size Estimation Methodology: Supply-Side Analysis
2.2.2 Bottom-Up Approach
2.2.2.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
2.2.3 Top-Down Approach
2.2.3.1 Approach for Arriving at Market Size Using Top-Down Analysis
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Risk Assessment
2.6 Limitations of Research

4.1 Attractive Opportunities for Players in HVAC System (Equipment + Service) Market
4.2 North America: HVAC System Market, by Country and Equipment Type
4.3 HVAC System Market in Commercial End-user, by Type
4.4 HVAC System Market, by Region

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Energy-Efficient HVAC Systems
5.2.1.2 Increased Construction Activities in Residential and Industrial Sectors
5.2.1.3 Government Policies and Incentives Promoting Energy Efficiency and Natural Resource Conservation
5.2.1.4 Growing Demand for Indoor and Outdoor Air Quality
5.2.1.5 Advancements in HVAC Systems
5.2.2 Restraints
5.2.2.1 Rising Expenses for Installing, Servicing, and Maintaining HVAC Systems
5.2.2.2 Limited Space for Large HVAC Installations in Commercial and Residential Buildings
5.2.2.3 Insufficient Technical Expertise and Shortage of Skilled Labor
5.2.3 Opportunities
5.2.3.1 Swift Evolution of IoT Within HVAC Industry
5.2.3.2 Significant Traction of Vrf Systems in Residential and Commercial Applications
5.2.3.3 Growing Emphasis on Next-Generation Low-Gwp Refrigerants for HVAC Systems
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Benefits of HVAC Systems in Developing Countries
5.2.4.2 Increasing Environmental Concerns and Aging Infrastructure
5.3 Value Chain Analysis
5.4 Ecosystem Analysis
5.5 Trends/Disruptions Impacting Customer Business
5.6 Pricing Analysis
5.6.1 Average Selling Price of HVAC System Equipment, by Key End-users
5.6.2 Average Selling Price Trend of HVAC System Equipment, by Region
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.1.1 Air Conditioning Units
5.7.1.2 Heating Units
5.7.1.3 Ventilation Systems
5.7.2 Complementary Technologies
5.7.2.1 Sensors
5.7.2.2 Building Automation Systems
5.7.3 Adjacent Technologies
5.7.3.1 Software Technologies
5.7.3.2 HVAC Systems Running on Renewable Energy
5.8 Porter’S Five Forces Analysis
5.8.1 Intensity of Competitive Rivalry
5.8.2 Bargaining Power of Suppliers
5.8.3 Bargaining Power of Buyers
5.8.4 Threat of Substitutes
5.8.5 Threat of New Entrants
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in Buying Process
5.9.2 Buying Criteria
5.10 Case Study Analysis
5.10.1 Eriks Advances Energy Efficiency With Lg Electronics AI-Driven Vrf Solution
5.10.2 Mitsubishi Electric Corporation Advances City Multi Vrf Zoning Systems, Heat2O Heat Pump Water Heater Systems, and Integrated Controls
5.10.3 Ac Condenser Replacement by Townsend Energy
5.10.4 Installation of Ductless Mini-Split System for Supplemental Heating and Cooling by Netr.
5.10.5 Temperature Control Solution for Railway Control System by Daikin
5.10.6 Multiple Lg High Static Ducted Single-Zone Units Provide Even Temperature Year-Round in Large Open Warehouse in South Georgia
5.11 Investment and Funding Scenario
5.12 Trade Analysis
5.12.1 Import Scenario
5.12.2 Export Scenario
5.13 Patent Analysis
5.14 Key Conferences and Events
5.15 Regulatory Landscape
5.15.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.15.2 Standards and Regulations
5.15.2.1 Standards
5.15.2.2 Regulations
5.16 Impact of Gen AI on HVAC System Market
5.16.1 Introduction
5.17 Impact of 2025 US Tariffs on HVAC System Market
5.17.1 Introduction
5.17.2 Key Tariff Rates
5.17.3 Price Impact Analysis
5.17.4 Impact on Countries/Regions
5.17.4.1 US
5.17.4.2 Europe
5.17.4.3 Asia-Pacific
5.17.5 Impact on End-Use Industries

6.1 Introduction
6.2 Unitary Air Conditioners
6.2.1 Low Initial Cost and Ease of Installation to Drive Demand
6.2.2 Differences in Air Conditioner Styles, by Region
6.2.2.1 Split Air Conditioners
6.2.2.2 Packaged Air Conditioners
6.3 Vrf Systems
6.3.1 Growing Demand for Energy-Efficient and Flexible HVAC Solutions to Drive Market
6.4 Chillers
6.4.1 Increasing Infrastructure Development and Rapid Expansion of Data Centers Fueling Demand
6.4.1.1 Scroll Chillers
6.4.1.2 Screw Chillers
6.4.1.3 Centrifugal Chillers
6.4.1.4 Reciprocating Chillers
6.4.1.5 Absorption Chillers
6.5 Room Air Conditioners
6.5.1 Increasing Residential Cooling Needs to Drive Strong Demand
6.6 Coolers
6.6.1 Demand for Low-Cost, Energy-Efficient, and Eco-Friendly Cooling Solutions to Fuel Growth
6.6.1.1 Ducted Coolers
6.6.1.2 Window Coolers
6.7 Cooling Towers
6.7.1 Rising Need for Efficient Cooling in Industrial Processes to Drive Demand
6.7.1.1 Evaporative Cooling Towers
6.7.1.2 Dry Cooling Towers
6.7.1.3 Hybrid Cooling Towers

7.1 Introduction
7.2 Heat Pumps
7.2.1 Rising Demand for Low-Carbon Heating Solutions to Propel Market Growth
7.2.2 Air-Source Heat Pumps
7.2.2.1 Ducted
7.2.2.2 Ductless/Minisplit
7.2.3 Water-Source Heat Pumps
7.2.4 Ground-Source/Geothermal Heat Pumps
7.2.5 Advanced Heat Pump Technologies
7.2.5.1 Staged/Multi-Speed Compressors
7.2.5.2 Dual-Speed Motors
7.2.5.3 Desuperheater
7.2.5.4 Dual Fuel/Hybrid Systems
7.2.5.5 Cold Climate Heat Pumps
7.3 Furnaces
7.3.1 Growing Demand for Energy-Efficient Heating Solutions to Fuel Adoption
7.3.1.1 Oil Furnaces
7.3.1.2 Gas Furnaces
7.3.1.3 Electric Furnaces
7.4 Unitary Heaters
7.4.1 Energy Efficiency and Cost-Effectiveness to Boost Demand
7.4.1.1 Gas Unit Heaters
7.4.1.2 Oil-Fired Unit Heaters
7.4.1.3 Electric Unit Heaters
7.5 Boilers
7.5.1 Growing Focus on Sustainability to Boost Market Growth
7.5.1.1 Steam Boilers
7.5.1.2 Hot Water Boilers

8.1 Introduction
8.2 Air-Handling Units
8.2.1 Use of Variable Frequency Drives in Air-Handling Units for Motor Speed Control to Drive Demand
8.3 Air Filters
8.3.1 Rising Demand for Cleaner Indoor Environments to Boost Market
8.4 Dehumidifiers
8.4.1 Stringent Government Regulations Promoting Energy-Efficient Appliances to Propel Market Growth
8.4.1.1 Refrigeration Dehumidifiers
8.4.1.2 Absorption Dehumidifiers
8.5 Ventilation Fans
8.5.1 Increasing Temperatures and Humidity Levels to Boost Demand for Ventilation Fans
8.5.1.1 Crossflow Fans
8.5.1.2 Axial Fans
8.5.1.3 Centrifugal Fans
8.5.1.4 Domestic Fans
8.5.1.5 Range Hood Fans
8.5.1.6 Power Roof Fans
8.6 Humidifiers
8.6.1 Rising Indoor Air Pollution and Changing Climate Conditions to Accelerate Market Growth
8.6.1.1 Warm-Mist Humidifiers
8.6.1.2 Ultrasonic Humidifiers
8.6.1.3 Cool-Mist Humidifiers
8.7 Air Purifiers
8.7.1 Rising Concerns Over Indoor Air Pollution and Health Safety to Drive Market
8.7.1.1 Hepa Air Purifiers
8.7.1.2 Activated Carbon Air Purifiers
8.7.1.3 Electrostatic Air Purifiers
8.7.1.4 Ionic Air Purifiers

9.1 Introduction
9.2 Traditional HVAC Systems
9.2.1 Growing Demand for Zone-Specific Comfort Solutions to Drive Adoption
9.3 Smart HVAC Systems
9.3.1 Integration of IoT and Energy Regulations to Drive Market Growth
9.3.2 Smart Heating & Cooling: Future Outlook
9.3.2.1 Remote Monitoring & Control
9.3.2.2 Smart Zoning Systems
9.3.2.3 Occupancy-Based Heating & Cooling
9.3.2.4 Energy Optimization
9.3.2.5 Heating & Cooling System Diagnostics
9.3.2.6 AI/Ml Integration
9.3.3 Smart Ventilation: Future Outlook
9.3.3.1 Automated Air-Flow Control
9.3.3.2 Demand-Controlled Ventilation
9.3.3.3 Integration With Building Automation Systems
9.4 Sustainable/Green HVAC System
9.4.1 Increasing Demand for Low-Carbon Buildings to Accelerate Demand
9.4.2 Sustainable Heating Systems: Future Outlook
9.4.2.1 Solar-Based Heating
9.4.2.2 Geothermal Heat Pumps
9.4.2.3 Biomass Heating Systems
9.4.2.4 Low-Emission Furnaces
9.4.2.5 Electric Heating Systems
9.4.2.6 Hydronic Heating Systems
9.4.2.7 Dual Fuel Heat Pump
9.4.3 Sustainable Cooling Systems: Future Outlook
9.4.3.1 Inverter-Based Air Conditioning
9.4.3.2 Cooling Using Waste Heat
9.4.3.3 Vrf Systems With Low-Gwp Refrigerants
9.4.3.4 Solar-Based Cooling
9.4.4 Sustainable Ventilation Systems: Future Outlook
9.4.4.1 Energy Recovery Ventilators
9.4.4.2 Low-Energy DC Ventilation Fans
9.4.4.3 Eco-Friendly Air Purifiers
9.4.4.4 Hepa & Reusable Air Filters
9.4.4.5 Airflow Optimization Systems

10.1 Introduction
10.2 New Construction Buildings
10.2.1 Government Initiatives for Eco-Friendly Buildings to Drive Market Growth
10.3 Retrofit Buildings
10.3.1 Green Building Initiative to Boost Market Growth

11.1 Introduction
11.2 Installation Services
11.2.1 Rising Demand for Energy-Efficient Systems and Professional Installation Services to Drive Demand
11.3 Maintenance & Repair Services
11.3.1 Need for Timely Maintenance and Repairs to Guarantee Reliable Comfort and Performance to Drive Growth
11.4 Upgradation/Replacement Services
11.4.1 Increasing Need for Energy-Efficient Buildings to Propel Adoption
11.5 Consulting Services
11.5.1 Increasing Demand for Customized HVAC Design Solutions to Fuel Growth

12.1 Introduction
12.2 Commercial
12.2.1 Increasing Adoption of Energy-Efficient Equipment to Accelerate Growth
12.2.1.1 Offices
12.2.1.2 Government Buildings
12.2.1.3 Healthcare
12.2.1.4 Education
12.2.1.5 Retail
12.2.1.6 Airports
12.2.1.7 Data Centers
12.3 Residential
12.3.1 Government Incentives and Energy Efficiency Regulations Driving Adoption of Residential HVAC Systems
12.4 Industrial
12.4.1 Demand for Energy-Efficient HVAC Systems Increasing in Industrial Spaces to Reduce Operational Costs
12.4.1.1 Manufacturing Facilities
12.4.1.2 Warehouses
12.4.1.3 Power Plants

13.1 Introduction
13.2 North America
13.2.1 Macroeconomic Outlook for North America
13.2.2 US
13.2.2.1 Increasing Government Initiatives and Construction of Energy-Efficient Buildings to Drive Market
13.2.3 Canada
13.2.3.1 Government Incentives for Renewable Heating and Cooling to Boost Market
13.2.4 Mexico
13.2.4.1 Increasing Government Rebates to Propel Market Growth
13.3 Europe
13.3.1 Macroeconomic Outlook for Europe
13.3.2 UK
13.3.2.1 Government-Backed Net-Zero Emission Targets to Accelerate Market Growth
13.3.3 Germany
13.3.3.1 Government-Funded Energy Research and Renovation Incentives to Bolster Market Growth
13.3.4 France
13.3.4.1 Rising Focus on Reducing Greenhouse Gases to Drive Market
13.3.5 Spain
13.3.5.1 Regulatory Reforms to Drive Market Growth
13.3.6 Italy
13.3.6.1 Government-Backed Retrofit Incentives to Drive Market
13.3.7 Poland
13.3.7.1 Eu-Aligned Clean Energy Targets to Drive Market
13.3.8 Nordics
13.3.8.1 Rising Consumer Demand for Sustainable Home Heating Technologies to Propel Market Growth
13.3.9 Rest of Europe
13.4 Asia-Pacific
13.4.1 Macroeconomic Outlook for Asia-Pacific
13.4.2 China
13.4.2.1 Rising Industrialization and Urbanization to Drive Market Growth
13.4.3 Japan
13.4.3.1 Stricter Energy Efficiency Standards to Foster Market Growth
13.4.4 India
13.4.4.1 Rising Focus on Energy Conservation to Bolster Market Growth
13.4.5 South Korea
13.4.5.1 Increasing Awareness About Energy Conservation to Bolster Adoption
13.4.6 Australia
13.4.6.1 Increasing Sustainable Construction Practices to Drive Market Demand
13.4.7 Indonesia
13.4.7.1 Rising Industrialization Fueling Market Growth
13.4.8 Malaysia
13.4.8.1 Increasing Government Incentives to Support Market Growth
13.4.9 Thailand
13.4.9.1 Strong Export Capacity to Increase Demand During Forecast Period
13.4.10 Vietnam
13.4.10.1 Growing Hospitality and Tourism Sectors to Drive Market Growth
13.4.11 Rest of Asia-Pacific
13.5 Rest of the World (Row)
13.5.1 Macroeconomic Outlook for Rest of the World
13.5.2 South America
13.5.2.1 Rising Infrastructure Investment to Propel Market Growth
13.5.3 Middle East
13.5.3.1 Stringent Regulations for Enhancing Energy Performance of Buildings to Drive Market
13.5.3.2 Bahrain
13.5.3.3 Kuwait
13.5.3.4 Oman
13.5.3.5 Qatar
13.5.3.6 Saudi Arabia
13.5.3.7 United Arab Emirates (UAE)
13.5.3.8 Rest of Middle East
13.5.4 Africa
13.5.4.1 Rapid Urbanization to Drive Market Growth
13.5.4.2 South Africa
13.5.4.3 Other African Countries

14.1 Overview
14.2 Key Player Strategies/Right to Win, June 2022-July 2025
14.3 Revenue Analysis, 2020-2024
14.4 Market Share Analysis, 2024
14.5 Company Valuation and Financial Metrics, 2024
14.6 Brand/Product Comparison
14.7 Company Evaluation Matrix: Key Players, 2024
14.7.1 Stars
14.7.2 Emerging Leaders
14.7.3 Pervasive Players
14.7.4 Participants
14.7.5 Company Footprint: Key Players, 2024
14.7.5.1 Company Footprint
14.7.5.2 Region Footprint
14.7.5.3 Equipment Footprint
14.7.5.4 Implementation Type Footprint
14.7.5.5 Service Type Footprint
14.7.5.6 End-user Footprint
14.8 Company Evaluation Matrix: Startups/Smes, 2024
14.8.1 Progressive Companies
14.8.2 Responsive Companies
14.8.3 Dynamic Companies
14.8.4 Starting Blocks
14.8.5 Competitive Benchmarking: Key Startups/Smes, 2024
14.8.5.1 Detailed List of Startups/Smes
14.8.5.2 Competitive Benchmarking of Key Startups/Smes
14.9 Competitive Scenario
14.9.1 Product Launches
14.9.2 Deals

15.1 Key Players
15.1.1 Carrier
15.1.1.1 Business Overview
15.1.1.2 Products/Solutions/Services Offered
15.1.1.3 Recent Developments
15.1.1.3.1 Product/Service Launches
15.1.1.3.2 Deals
15.1.1.4 The Analyst's View
15.1.1.4.1 Key Strengths
15.1.1.4.2 Strategic Choices
15.1.1.4.3 Weaknesses and Competitive Threats
15.1.2 Daikin Industries, Ltd.
15.1.2.1 Business Overview
15.1.2.2 Products/Solutions/Services Offered
15.1.2.3 Recent Developments
15.1.2.3.1 Product Launches
15.1.2.3.2 Deals
15.1.2.4 The Analyst's View
15.1.2.4.1 Key Strengths
15.1.2.4.2 Strategic Choices
15.1.2.4.3 Weaknesses and Competitive Threats
15.1.3 Lg Electronics
15.1.3.1 Business Overview
15.1.3.2 Products/Solutions/Services Offered
15.1.3.3 Recent Developments
15.1.3.3.1 Product/Service Launches
15.1.3.4 The Analyst's View
15.1.3.4.1 Key Strengths
15.1.3.4.2 Strategic Choices
15.1.3.4.3 Weaknesses and Competitive Threats
15.1.4 Midea
15.1.4.1 Business Overview
15.1.4.2 Products/Solutions/Services Offered
15.1.4.3 Recent Developments
15.1.4.3.1 Product/Service Launches
15.1.4.3.2 Deals
15.1.4.4 The Analyst's View
15.1.4.4.1 Key Strengths
15.1.4.4.2 Strategic Choices
15.1.4.4.3 Weaknesses and Competitive Threats
15.1.5 Trane Technologies plc
15.1.5.1 Business Overview
15.1.5.2 Products/Solutions/Services Offered
15.1.5.3 Recent Developments
15.1.5.3.1 Product/Service Launches
15.1.5.3.2 Deals
15.1.5.4 The Analyst's View
15.1.5.4.1 Key Strengths
15.1.5.4.2 Strategic Choices
15.1.5.4.3 Weaknesses and Competitive Threats
15.1.6 Lennox International Inc.
15.1.6.1 Business Overview
15.1.6.2 Products/Solutions/Services Offered
15.1.6.3 Recent Developments
15.1.6.3.1 Product/Service Launches
15.1.6.3.2 Deals
15.1.7 Johnson Controls
15.1.7.1 Business Overview
15.1.7.2 Products/Solutions/Services Offered
15.1.7.3 Recent Developments
15.1.7.3.1 Product/Service Launches
15.1.7.3.2 Deals
15.1.8 Honeywell International Inc.
15.1.8.1 Business Overview
15.1.8.2 Products/Solutions/Services Offered
15.1.8.3 Recent Developments
15.1.8.3.1 Deals
15.1.9 Mitsubishi Electric Corporation
15.1.9.1 Business Overview
15.1.9.2 Products/Solutions/Services Offered
15.1.9.3 Recent Developments
15.1.9.3.1 Product/Service Launches
15.1.9.3.2 Deals
15.1.10 Samsung
15.1.10.1 Business Overview
15.1.10.2 Products/Solutions/Services Offered
15.1.10.3 Recent Developments
15.1.10.3.1 Product/Service Launches
15.1.11 Gree Electric Appliances, Inc. Of Zhuhai
15.1.11.1 Business Overview
15.1.11.2 Products/Solutions/Services Offered
15.1.12 Fujitsu General
15.1.12.1 Business Overview
15.1.12.2 Products/Solutions/Services Offered
15.1.12.3 Recent Developments
15.1.12.3.1 Product/Service Launches
15.1.13 Panasonic Holdings Corporation
15.1.13.1 Business Overview
15.1.13.2 Products/Solutions/Services Offered
15.1.13.3 Recent Developments
15.1.13.3.1 Product/Service Launches
15.1.13.3.2 Deals
15.1.14 Robert Bosch Gmbh
15.1.14.1 Business Overview
15.1.14.2 Products/Solutions/Services Offered
15.1.14.3 Recent Developments
15.1.14.3.1 Product/Service Launches
15.1.14.3.2 Deals
15.1.15 Modine
15.1.15.1 Business Overview
15.1.15.2 Products/Solutions/Services Offered
15.1.15.3 Recent Developments
15.1.15.3.1 Deals
15.2 Other Players
15.2.1 Haier Group
15.2.2 Systemair Ab
15.2.3 Aaon
15.2.4 Whirlpool Corporation
15.2.5 Electrolux
15.2.6 Ferroli
15.2.7 Vaillant Group
15.2.8 Rheem Manufacturing Company
15.2.9 American Standard Heating and Air Conditioning
15.2.10 Wm Technologies LLC

16.1 Discussion Guide
16.2 Knowledgestore: The Subscription Portal
16.3 Customization Options
16.4 Related Reports
16.5 Author Details

Table 1 Risk Factor Analysis
Table 2 HVAC System Market: Role of Players in Ecosystem
Table 3 Average Selling Prices of HVAC System Equipment, by End-user (USD)
Table 4 Average Selling Prices of Cooling Equipment, by Region, 2021-2024
Table 5 Average Selling Prices of Heating Equipment, by Region, 2021-2024
Table 6 Average Selling Prices of Ventilation Equipment, by Region, 2021-2024
Table 7 HVAC System Market: Porter’S Five Forces Analysis
Table 8 Influence of Stakeholders on Buying Process for End-users
Table 9 Key Buying Criteria for End-users
Table 10 Import Data for HS Code 8415-Compliant Products for Top 10 Countries, 2020-2024 (USD Million)
Table 11 Export Data for HS Code 8415-Compliant Products for Top 10 Countries, 2020-2024 (USD Million)
Table 12 HVAC System Market: List of Patents, 2024
Table 13 HVAC System Market: List of Conferences and Events, 2025-2026
Table 14 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 US-Adjusted Reciprocal Tariff Rates, 2024
Table 19 Expected Change in Prices and Impact on End-Use Market Due to Tariffs
Table 20 HVAC System Market, by Cooling Equipment, 2021-2024 (USD Billion)
Table 21 HVAC System Market, by Cooling Equipment, 2025-2030 (USD Billion)
Table 22 HVAC System Market, by Cooling Equipment, 2021-2024 (Million Units)
Table 23 HVAC System Market, by Cooling Equipment, 2025-2030 (Million Units)
Table 24 Cooling Equipment: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 25 Cooling Equipment: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 26 Cooling Equipment: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 27 Cooling Equipment: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 28 North America: HVAC System Market (Cooling Equipment), by Country, 2021-2024 (USD Billion)
Table 29 North America: HVAC System Market (Cooling Equipment), by Country, 2025-2030 (USD Billion)
Table 30 Europe: HVAC System Market (Cooling Equipment), by Country, 2021-2024 (USD Billion)
Table 31 Europe: HVAC System Market (Cooling Equipment), by Country, 2025-2030 (USD Billion)
Table 32 Asia-Pacific: HVAC System Market (Cooling Equipment), by Country, 2021-2024 (USD Billion)
Table 33 Asia-Pacific: HVAC System Market (Cooling Equipment), by Country, 2025-2030 (USD Billion)
Table 34 Row: HVAC System Market (Cooling Equipment), by Region, 2021-2024 (USD Billion)
Table 35 Row: HVAC System Market (Cooling Equipment), by Region, 2025-2030 (USD Billion)
Table 36 Unitary Air Conditioners: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 37 Unitary Air Conditioners: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 38 Unitary Air Conditioners: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 39 Unitary Air Conditioners: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 40 Vrf Systems: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 41 Vrf Systems: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 42 Vrf Systems: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 43 Vrf Systems: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 44 Chillers: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 45 Chillers: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 46 Chillers: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 47 Chillers: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 48 Room Air Conditioners: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 49 Room Air Conditioners: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 50 Room Air Conditioners: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 51 Room Air Conditioners: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 52 Coolers: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 53 Coolers: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 54 Coolers: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 55 Coolers: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 56 Cooling Towers: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 57 Cooling Towers: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 58 Cooling Towers: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 59 Cooling Towers: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 60 HVAC System Market, by Heating Equipment, 2021-2024 (USD Billion)
Table 61 HVAC System Market, by Heating Equipment, 2025-2030 (USD Billion)
Table 62 HVAC System Market, by Heating Equipment, 2021-2024 (Million Units)
Table 63 HVAC System Market, by Heating Equipment, 2025-2030 (Million Units)
Table 64 Heating Equipment: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 65 Heating Equipment: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 66 Heating Equipment: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 67 Heating Equipment: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 68 North America: HVAC System Market (Heating Equipment), by Country, 2021-2024 (USD Billion)
Table 69 North America: HVAC System Market (Heating Equipment), by Country, 2025-2030 (USD Billion)
Table 70 Europe: HVAC System Market (Heating Equipment), by Country, 2021-2024 (USD Billion)
Table 71 Europe: HVAC System Market (Heating Equipment), by Country, 2025-2030 (USD Billion)
Table 72 Asia-Pacific: HVAC System Market (Heating Equipment), by Country, 2021-2024 (USD Billion)
Table 73 Asia-Pacific: HVAC System Market (Heating Equipment), by Country, 2025-2030 (USD Billion)
Table 74 Row: HVAC System Market (Heating Equipment), by Region 2021-2024 (USD Billion)
Table 75 Row: HVAC System Market (Heating Equipment), by Region, 2025-2030 (USD Billion)
Table 76 Heat Pumps: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 77 Heat Pumps: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 78 Heat Pumps: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 79 Heat Pumps: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 80 Furnaces: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 81 Furnaces: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 82 Furnaces: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 83 Furnaces: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 84 Unitary Heaters: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 85 Unitary Heaters: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 86 Unitary Heaters: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 87 Unitary Heaters: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 88 Boilers: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 89 Boilers: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 90 Boilers: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 91 Boilers: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 92 HVAC System Market, by Ventilation Equipment, 2021-2024 (USD Billion)
Table 93 HVAC System Market, by Ventilation Equipment, 2025-2030 (USD Billion)
Table 94 HVAC System Market, by Ventilation Equipment, 2021-2024 (Million Units)
Table 95 HVAC System Market, by Ventilation Equipment, 2025-2030 (Million Units)
Table 96 Ventilation Equipment: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 97 Ventilation Equipment: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 98 Ventilation Equipment: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 99 Ventilation Equipment: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 100 North America: HVAC System Market (Ventilation Equipment), by Country, 2021-2024 (USD Billion)
Table 101 North America: HVAC System Market (Ventilation Equipment), by Country, 2025-2030 (USD Billion)
Table 102 Europe: HVAC System Market (Ventilation Equipment), by Country, 2021-2024 (USD Billion)
Table 103 Europe: HVAC System Market (Ventilation Equipment), by Country, 2025-2030 (USD Billion)
Table 104 Asia-Pacific: HVAC System Market (Ventilation Equipment), by Country, 2021-2024 (USD Billion)
Table 105 Asia-Pacific: HVAC System Market (Ventilation Equipment), by Country, 2025-2030 (USD Billion)
Table 106 Row: HVAC System Market (Ventilation Equipment), by Region, 2021-2024 (USD Billion)
Table 107 Row: HVAC System Market (Ventilation Equipment), by Region, 2025-2030 (USD Billion)
Table 108 Air-Handling Units: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 109 Air-Handling Units: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 110 Air-Handling Units: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 111 Air-Handling Units: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 112 Air Filters: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 113 Air Filters: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 114 Air Filters: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 115 Air Filters: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 116 Dehumidifiers: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 117 Dehumidifiers: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 118 Dehumidifiers: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 119 Dehumidifiers: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 120 Ventilation Fans: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 121 Ventilation Fans: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 122 Ventilation Fans: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 123 Ventilation Fans: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 124 Humidifiers: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 125 Humidifiers: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 126 Humidifiers: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 127 Humidifiers: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 128 Air Purifiers: HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 129 Air Purifiers: HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 130 Air Purifiers: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 131 Air Purifiers: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 132 HVAC System (Equipment + Service) Market, by Technology, 2021-2024 (USD Billion)
Table 133 HVAC System (Equipment + Service) Market, by Technology, 2025-2030 (USD Billion)
Table 134 HVAC System (Equipment) Market, by Implementation Type, 2021-2024 (USD Billion)
Table 135 HVAC System (Equipment) Market, by Implementation Type, 2025-2030 (USD Billion)
Table 136 HVAC System Market, by Service Type, 2021-2024 (USD Billion)
Table 137 HVAC System Market, by Service Type, 2025-2030 (USD Billion)
Table 138 Service Type: HVAC System Market, by Region, 2021-2024 (USD Billion)
Table 139 Service Type: HVAC System Market, by Region, 2025-2030 (USD Billion)
Table 140 HVAC System Market, by End-user, 2021-2024 (USD Billion)
Table 141 HVAC System Market, by End-user, 2025-2030 (USD Billion)
Table 142 Commercial: HVAC System Market, by Type, 2021-2024 (USD Billion)
Table 143 Commercial: HVAC System Market, by Type, 2025-2030 (USD Billion)
Table 144 Commercial: HVAC System Market, by Cooling Equipment, 2021-2024 (USD Billion)
Table 145 Commercial: HVAC System Market, by Cooling Equipment, 2025-2030 (USD Billion)
Table 146 Commercial: HVAC System Market, by Heating Equipment, 2021-2024 (USD Billion)
Table 147 Commercial: HVAC System Market, by Heating Equipment, 2025-2030 (USD Billion)
Table 148 Commercial: HVAC System Market, by Ventilation Equipment, 2021-2024 (USD Billion)
Table 149 Commercial: HVAC System Market, by Ventilation Equipment, 2025-2030 (USD Billion)
Table 150 Residential: HVAC System Market, by Cooling Equipment, 2021-2024 (USD Billion)
Table 151 Residential: HVAC System Market, by Cooling Equipment, 2025-2030 (USD Billion)
Table 152 Residential: HVAC System Market, by Heating Equipment, 2021-2024 (USD Billion)
Table 153 Residential: HVAC System Market, by Heating Equipment, 2025-2030 (USD Billion)
Table 154 Residential: HVAC System Market, by Ventilation Equipment, 2021-2024 (USD Billion)
Table 155 Residential: HVAC System Market, by Ventilation Equipment, 2025-2030 (USD Billion)
Table 156 Industrial: HVAC System Market, by Type, 2021-2024 (USD Billion)
Table 157 Industrial: HVAC System Market, by Type, 2025-2030 (USD Billion)
Table 158 Industrial: HVAC System Market, by Cooling Equipment, 2021-2024 (USD Billion)
Table 159 Industrial: HVAC System Market, by Cooling Equipment, 2025-2030 (USD Billion)
Table 160 Industrial: HVAC System Market, by Heating Equipment, 2021-2024 (USD Billion)
Table 161 Industrial: HVAC System Market, by Heating Equipment, 2025-2030 (USD Billion)
Table 162 Industrial: HVAC System Market, by Ventilation Equipment, 2021-2024 (USD Billion)
Table 163 Industrial: HVAC System Market, by Ventilation Equipment, 2025-2030 (USD Billion)
Table 164 HVAC System (Equipment+Service) Market, by Region, 2021-2024 (USD Billion)
Table 165 HVAC System (Equipment+Service) Market, by Region, 2025-2030 (USD Billion)
Table 166 HVAC System (Equipment) Market, by Region, 2021-2024 (USD Billion)
Table 167 HVAC System (Equipment) Market, by Region, 2025-2030 (USD Billion)
Table 168 North America: HVAC System Market, by Country, 2021-2024 (USD Billion)
Table 169 North America: HVAC System Market, by Country, 2025-2030 (USD Billion)
Table 170 Europe: HVAC System Market, by Country, 2021-2024 (USD Billion)
Table 171 Europe: HVAC System Market, by Country, 2025-2030 (USD Billion)
Table 172 Asia-Pacific: HVAC System Market, by Country, 2021-2024 (USD Billion)
Table 173 Asia-Pacific: HVAC System Market, by Country, 2025-2030 (USD Billion)
Table 174 Row: HVAC System Market, by Country, 2021-2024 (USD Billion)
Table 175 Row: HVAC System Market, by Country, 2025-2030 (USD Billion)
Table 176 Overview of Strategies Adopted by Key Companies, June 2022-July 2025
Table 177 HVAC System Market: Degree of Competition, 2024
Table 178 HVAC System Market: Region Footprint
Table 179 HVAC System Market: Equipment Footprint
Table 180 HVAC System Market: Implementation Type Footprint
Table 181 HVAC System Market: Service Type Footprint
Table 182 HVAC System Market: End-user Footprint
Table 183 HVAC System Market: List of Key Startups/Smes
Table 184 HVAC System Market: Competitive Benchmarking of Key Startups/Smes
Table 185 HVAC System Market: Product Launches, June 2022-July 2025
Table 186 HVAC System Market: Deals, June 2022-July 2025
Table 187 Carrier: Company Overview
Table 188 Carrier: Products/Solutions/Services Offered
Table 189 Carrier: Product Launches
Table 190 Carrier: Deals
Table 191 Daikin Industries, Ltd.: Company Overview
Table 192 Daikin Industries, Ltd.: Products/Solutions/Services Offered
Table 193 Daikin Industries, Ltd.: Product Launches
Table 194 Daikin Industries, Ltd.: Deals
Table 195 Lg Electronics: Company Overview
Table 196 Lg Electronics: Products/Solutions/Services Offered
Table 197 Lg Electronics: Product Launches
Table 198 Midea: Company Overview
Table 199 Midea: Products/Solutions/Services Offered
Table 200 Midea: Product Launches
Table 201 Midea: Deals
Table 202 Trane Technologies plc: Company Overview
Table 203 Trane Technologies plc: Products/Solutions/Services Offered
Table 204 Trane Technologies plc: Product Launches
Table 205 Trane Technologies plc: Deals
Table 206 Lennox International Inc.: Company Overview
Table 207 Lennox International Inc.: Products/Solutions/Services Offered
Table 208 Lennox International Inc.: Product Launches
Table 209 Lennox International Inc.: Deals
Table 210 Johnson Controls: Company Overview
Table 211 Johnson Controls: Products/Solutions/Services Offered
Table 212 Johnson Controls: Product Launches
Table 213 Johnson Controls: Deals
Table 214 Honeywell International Inc.: Company Overview
Table 215 Honeywell International Inc.: Products/Solutions/Services Offered
Table 216 Honeywell International Inc.: Deals
Table 217 Mitsubishi Electric Corporation: Company Overview
Table 218 Mitsubishi Electric Corporation: Products/Solutions/Services Offered
Table 219 Mitsubishi Electric Corporation: Product Launches
Table 220 Mitsubishi Electric Corporation: Deals
Table 221 Samsung: Company Overview
Table 222 Samsung: Products/Solutions/Services Offered
Table 223 Samsung: Product Launches
Table 224 Gree Electric Appliances, Inc. Of Zhuhai: Company Overview
Table 225 Gree Electric Appliances, Inc. Of Zhuhai: Products/Solutions/Services Offered
Table 226 Fujitsu General: Company Overview
Table 227 Fujitsu General: Products/Solutions/Services Offered
Table 228 Fujitsu General: Product Launches
Table 229 Panasonic Holdings Corporation: Company Overview
Table 230 Panasonic Holdings Corporation: Products/Solutions/Services Offered
Table 231 Panasonic Holdings Corporation: Product Launches
Table 232 Panasonic Holdings Corporation: Deals
Table 233 Robert Bosch Gmbh: Company Overview
Table 234 Robert Bosch Gmbh: Products/Solutions/Services Offered
Table 235 Robert Bosch Gmbh: Product Launches
Table 236 Robert Bosch Gmbh: Deals
Table 237 Modine: Company Overview
Table 238 Modine: Products/Solutions/Services Offered
Table 239 Modine: Deals

Figure 1 HVAC System Market Segmentation and Regional Scope
Figure 2 HVAC System Market: Research Design
Figure 3 Research Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology (Supply Side): Revenue from Sales of HVAC System Products and Solutions
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Unitary Air Conditioners to Account for Largest Share of HVAC System Market During Forecast Period
Figure 9 Heat Pumps to Register Highest CAGR During Forecast Period
Figure 10 Air-Handling Units to Record Highest CAGR During Forecast Period
Figure 11 New Construction Buildings to Secure Larger Share of HVAC System Market During Forecast Period
Figure 12 Installation Services to Account for Largest Market Share During Forecast Period
Figure 13 Commercial Segment to Be Largest End-user of HVAC Systems During Forecast Period
Figure 14 Asia-Pacific to Be Largest HVAC System Market in 2025
Figure 15 Implementation of IoT Across HVAC Systems (Equipment + Service) to Transform HVAC Systems in Commercial and Residential Applications
Figure 16 US to Dominate North American HVAC System Market in 2025
Figure 17 Offices to Account for Largest Share of HVAC System Market in Commercial Segment During Forecast Period
Figure 18 Asia-Pacific to Register Highest CAGR in HVAC System Market During Forecast Period
Figure 19 Market Dynamics: HVAC System Market
Figure 20 Drivers and Their Impact on HVAC System Market
Figure 21 Restraints and Their Impact on HVAC System Market
Figure 22 Opportunities and Their Impact on HVAC System Market
Figure 23 Challenges and Their Impact on HVAC System Market
Figure 24 Value Chain Analysis: HVAC System Market
Figure 25 HVAC System Market: Ecosystem Analysis
Figure 26 Trends/Disruptions Impacting Customer Business
Figure 27 Average Selling Price of HVAC System Equipment, by Key End-users, 2024
Figure 28 Average Selling Price Trend of Cooling Equipment, by Region, 2021-2024
Figure 29 Average Selling Price Trend of Heating Equipment, by Region, 2021-2024
Figure 30 Average Selling Price Trend of Ventilation Equipment, by Region, 2021-2024
Figure 31 Porter's Five Forces Analysis: HVAC System Market
Figure 32 Influence of Stakeholders on Buying Process for End-users
Figure 33 Key Buying Criteria for End-users
Figure 34 Funds Authorized Worldwide for Energy-Efficient Buildings
Figure 35 Import Scenario for HS Code 8415-Compliant Products for Top 5 Countries, 2020-2024
Figure 36 Export Scenario for HS Code 8415-Compliant Products for Top 5 Countries, 2020-2024
Figure 37 Number of Patents Granted in HVAC System Market, 2015-2024
Figure 38 Impact of Gen AI on HVAC System Market
Figure 39 Unitary Air Conditioners to Account for Largest Market Share in 2030
Figure 40 Heat Pumps to Account for Largest Share of HVAC System Market During Forecast Period
Figure 41 Air-Handling Units Segment to Account for Largest Market Share During Forecast Period
Figure 42 Traditional HVAC Systems to Account for Largest Share of HVAC System Market in 2030
Figure 43 New Construction Buildings Segment to Witness Higher CAGR in HVAC System Market During Forecast Period
Figure 44 Upgradation/Replacement Services to Witness Highest CAGR During Forecast Period
Figure 45 Commercial Segment to Account for Largest Market Share During Forecast Period
Figure 46 Asia-Pacific to Account for Largest Share of HVAC System (Equipment+Service) Market During Forecast Period
Figure 47 North America: HVAC System (Equipment + Service) Market Snapshot
Figure 48 Europe: HVAC System (Equipment + Service) Market Snapshot
Figure 49 Asia-Pacific: HVAC System (Equipment + Service) Market Snapshot
Figure 50 Rest of the World: HVAC System (Equipment + Service) Market Snapshot
Figure 51 HVAC System Market: Revenue Analysis of Key Players, 2020-2024
Figure 52 Market Share Analysis of Key Players, 2024
Figure 53 Company Valuation, 2024
Figure 54 Financial Metrics (Ev/Ebitda), 2024
Figure 55 Brand/Product Comparison
Figure 56 HVAC System Market: Company Evaluation Matrix (Key Players), 2024
Figure 57 HVAC System Market: Company Footprint
Figure 58 HVAC System Market: Company Evaluation Matrix (Smes/Startups), 2024
Figure 59 Carrier: Company Snapshot
Figure 60 Daikin Industries, Ltd.: Company Snapshot
Figure 61 Lg Electronics: Company Snapshot
Figure 62 Midea: Company Snapshot
Figure 63 Trane Technologies plc: Company Snapshot
Figure 64 Lennox International Inc.: Company Snapshot
Figure 65 Johnson Controls: Company Snapshot
Figure 66 Honeywell International Inc.: Company Snapshot
Figure 67 Mitsubishi Electric Corporation: Company Snapshot
Figure 68 Samsung: Company Snapshot
Figure 69 Fujitsu General: Company Snapshot
Figure 70 Panasonic Holdings Corporation: Company Snapshot
Figure 71 Robert Bosch Gmbh: Company Snapshot
Figure 72 Modine: Company Snapshot