China HVAC Equipment Market: Trends, Opportunities and Competitive Analysis 2023-2028

The future of the Chinese HVAC (heating, ventilation and air conditioning) equipment market looks promising with opportunities in the residential and commercial construction industries. The China HVAC equipment market is expected to reach an estimated $78.1 billion by 2028, and it is forecast to grow at a CAGR of 5.6% from 2023 to 2028. The major drivers of growth are higher rate of building construction and strict regulations regarding energy efficient buildings in China to make existing facilities energy efficient.

Emerging trends, which have a direct impact on the dynamics of the China hvac equipment industry, include the increasing use of green HVAC, and increasing use of air purification technology.

The study includes China hvac equipment market size and forecast for the China’s hvac equipment market through 2028 segmented by product type, and end use as follows:

China HVAC equipment market by product Type [Volume (M units) and Value ($ million) from 2017 to 2028]:

• Furnace
• Heat Pump
• Central AC
• Room AC
• Others

China HVAC equipment market by end Use [Volume (M units) and Value ($ million) from 2017 to 2028]:

• Residential
• Healthcare
• Education
• Hospitality
• Office
• Retail
• Others

China hvac equipment companies profiled in this market report includes Gree Electric Appliances, GD Midea, Haier are the major manufacturers of HVAC equipment in China.

On the basis of our comprehensive research, The analysts forecast that the room AC segment is expected to show above average growth during the forecast period due to a higher rate of urbanization and a higher demand for energy efficient HVAC equipment.

Within the Chinese hvac equipment market, residential is expected to remain the largest segment during the forecast period. Increasing penetration and renovation activities are the major driving forces that will spur growth for this segment over the forecast period.

Some of the features of this report:

• Market size estimates: China hvac equipment market size estimation in terms of value ($M) and volume (million units) shipment.
• Trend and forecast analysis: China hvac equipment market trend (2017-2022) and forecast (2023-2028) by segments.
• Segmentation analysis: China hvac equipment market size by various applications such as product, and end use in terms of value and volume shipment
• Growth opportunities: Analysis on growth opportunities in different applications.
• Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of China hvac equipment suppliers.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the Chinese hvac equipment market by product type (furnace, heat pump, central AC, room AC and others), and end use (residential, office, retail, hospitality, education, healthcare and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.4. What are the business risks and competitive threats in the China hvac equipment market?
Q.5. What are the emerging trends in this market and reasons behind them?
Q.6. What are some changing customer demands in the market?
Q.7. What are the new developments in the market? Which China hvac equipment companies are leading these developments?
Q.8. Who are the major China hvac equipment suppliers? What strategic initiatives are being taken by key players for business growth?
Q.9. What are some of the competing products of China hvac equipment companies in this market and how big of a threat do they pose for loss of market share by material / product substitution?
Q.10. What M&A activity has occurred in the last 5 years?


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