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Global HVAC System Market by Component (Hardware, Services, Software), Equipment (Cooling, Heating, Ventilation), Implementation, Location, Application - Forecast 2023-2030

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    Report

  • 199 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4904928
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The HVAC System Market size was estimated at USD 223.08 billion in 2022, USD 239.84 billion in 2023, and is expected to grow at a CAGR of 7.67% to reach USD 403.11 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the HVAC System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the HVAC System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the HVAC System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AF Gruppen ASA, Carrier Global Corporation, Daikin Industries, Ltd., Danfoss A/S, Electrolux AB, Emerson Electric Co., Ferroli S.p.A., Fujitsu Limited, HAIER GROUP, Heinen & Hopman Engineering BV, Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International PLC, Lennox International, Inc., LG Electronics Inc., Menerga d.o.o., Midea Group, Mitsubishi Electric Corporation, Nortek Holdings Inc., Panasonic Corporation, Qingdao Hisense HVAC equipment Co., Ltd., Rheem Manufacturing Company, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Schneider Electric SE, Shart Corporation, Siemens AG, Toshiba Corporation, Voltas Limited., Whirlpool Corporation, and Zamil Industrial.

Market Segmentation & Coverage

This research report categorizes the HVAC System Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Hardware
    • Services
    • Software
  • Equipment
    • Cooling
      • Chiller
      • Cooler
      • Cooling Tower
      • Room Air-conditioner
      • Unitary Air-conditioner
    • Heating
      • Boiler
      • Furnace
      • Heat Pump
      • Unitary Heater
    • Ventilation
      • Air Filter
      • Air Purifier
      • Dehumidifier
      • Humidifier
      • Ventilation Fan
  • Implementation
    • New Construction
    • Retrofit Building
  • Location
    • Central Air Conditioning Systems
    • Packaged Units
    • Split Systems
    • VRF/VRV Systems
    • Window Air Conditioners
  • Application
    • Automotive
    • Commercial
    • Industrial
    • Residential
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the HVAC System Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the HVAC System Market?
  3. What are the technology trends and regulatory frameworks in the HVAC System Market?
  4. What is the market share of the leading vendors in the HVAC System Market?
  5. Which modes and strategic moves are suitable for entering the HVAC System Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. HVAC System Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Government Regulations and Policies for HVAC Systems
5.1.1.2. High Penetration of Commercial and Industrial HVAC System
5.1.1.3. Growing Demand for Energy-Efficient Solutions and Eco-Friendly HVAC System
5.1.2. Restraints
5.1.2.1. Higher Installation and Maintenance Cost of Energy-Efficient HVAC Systems
5.1.3. Opportunities
5.1.3.1. Adoption of Smart HVAC System
5.1.3.2. Upgradation in the HVAC Equipments and VR Supporting for Skill Developments & Training
5.1.4. Challenges
5.1.4.1. Lack of Awareness about Benefits of Advanced HVAC Systems
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
5.8. Client Customization
6. HVAC System Market, by Component
6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software
7. HVAC System Market, by Equipment
7.1. Introduction
7.2. Cooling
7.3.1. Chiller
7.3.2. Cooler
7.3.3. Cooling Tower
7.3.4. Room Air-conditioner
7.3.5. Unitary Air-conditioner
7.3. Heating
7.4.1. Boiler
7.4.2. Furnace
7.4.3. Heat Pump
7.4.4. Unitary Heater
7.4. Ventilation
7.5.1. Air Filter
7.5.2. Air Purifier
7.5.3. Dehumidifier
7.5.4. Humidifier
7.5.5. Ventilation Fan
8. HVAC System Market, by Implementation
8.1. Introduction
8.2. New Construction
8.3. Retrofit Building
9. HVAC System Market, by Location
9.1. Introduction
9.2. Central Air Conditioning Systems
9.3. Packaged Units
9.4. Split Systems
9.5. VRF/VRV Systems
9.6. Window Air Conditioners
10. HVAC System Market, by Application
10.1. Introduction
10.2. Automotive
10.3. Commercial
10.4. Industrial
10.5. Residential
11. Americas HVAC System Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific HVAC System Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa HVAC System Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. ABB Ltd.
15.1.2. AF Gruppen ASA
15.1.3. Carrier Global Corporation
15.1.4. Daikin Industries, Ltd.
15.1.5. Danfoss A/S
15.1.6. Electrolux AB
15.1.7. Emerson Electric Co.
15.1.8. Ferroli S.p.A.
15.1.9. Fujitsu Limited
15.1.10. HAIER GROUP
15.1.11. Heinen & Hopman Engineering BV
15.1.12. Hitachi Ltd.
15.1.13. Honeywell International Inc.
15.1.14. Ingersoll Rand Inc.
15.1.15. Johnson Controls International PLC
15.1.16. Lennox International, Inc.
15.1.17. LG Electronics Inc.
15.1.18. Menerga d.o.o.
15.1.19. Midea Group
15.1.20. Mitsubishi Electric Corporation
15.1.21. Nortek Holdings Inc.
15.1.22. Panasonic Corporation
15.1.23. Qingdao Hisense HVAC equipment Co., Ltd.
15.1.24. Rheem Manufacturing Company
15.1.25. Robert Bosch GmbH
15.1.26. Samsung Electronics Co., Ltd.
15.1.27. Schneider Electric SE
15.1.28. Shart Corporation
15.1.29. Siemens AG
15.1.30. Toshiba Corporation
15.1.31. Voltas Limited.
15.1.32. Whirlpool Corporation
15.1.33. Zamil Industrial.
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
List of Figures
FIGURE 1. HVAC SYSTEM MARKET RESEARCH PROCESS
FIGURE 2. HVAC SYSTEM MARKET SIZE, 2022 VS 2030
FIGURE 3. HVAC SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. HVAC SYSTEM MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. HVAC SYSTEM MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. HVAC SYSTEM MARKET DYNAMICS
FIGURE 7. HVAC SYSTEM MARKET SIZE, BY COMPONENT, 2022 VS 2030 (%)
FIGURE 8. HVAC SYSTEM MARKET SIZE, BY COMPONENT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. HVAC SYSTEM MARKET SIZE, BY EQUIPMENT, 2022 VS 2030 (%)
FIGURE 10. HVAC SYSTEM MARKET SIZE, BY EQUIPMENT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. HVAC SYSTEM MARKET SIZE, BY IMPLEMENTATION, 2022 VS 2030 (%)
FIGURE 12. HVAC SYSTEM MARKET SIZE, BY IMPLEMENTATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. HVAC SYSTEM MARKET SIZE, BY LOCATION, 2022 VS 2030 (%)
FIGURE 14. HVAC SYSTEM MARKET SIZE, BY LOCATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. HVAC SYSTEM MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 16. HVAC SYSTEM MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS HVAC SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. AMERICAS HVAC SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES HVAC SYSTEM MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 20. UNITED STATES HVAC SYSTEM MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC HVAC SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC HVAC SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA HVAC SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA HVAC SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 25. HVAC SYSTEM MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 26. HVAC SYSTEM MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • ABB Ltd.
  • AF Gruppen ASA
  • Carrier Global Corporation
  • Daikin Industries, Ltd.
  • Danfoss A/S
  • Electrolux AB
  • Emerson Electric Co.
  • Ferroli S.p.A.
  • Fujitsu Limited
  • HAIER GROUP
  • Heinen & Hopman Engineering BV
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Ingersoll Rand Inc.
  • Johnson Controls International PLC
  • Lennox International, Inc.
  • LG Electronics Inc.
  • Menerga d.o.o.
  • Midea Group
  • Mitsubishi Electric Corporation
  • Nortek Holdings Inc.
  • Panasonic Corporation
  • Qingdao Hisense HVAC equipment Co., Ltd.
  • Rheem Manufacturing Company
  • Robert Bosch GmbH
  • Samsung Electronics Co., Ltd.
  • Schneider Electric SE
  • Shart Corporation
  • Siemens AG
  • Toshiba Corporation
  • Voltas Limited.
  • Whirlpool Corporation
  • Zamil Industrial.

Methodology

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Table Information