Asia Pacific Hvac Systems Market Size & Outlook, 2024-2033
Related Markets
Asia Pacific hvac systems market highlights
- The Asia Pacific hvac systems market generated a revenue of USD 4,678.9 million in 2024.
- The market is expected to grow at a CAGR of 6.6% from 2025 to 2033.
- In terms of segment, ventilation was the largest revenue generating product in 2024.
- Cooling is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Malaysia is expected to register the highest CAGR from 2025 to 2033.
Asia Pacific data book summary
| Market revenue in 2024 | USD 4,678.9 million |
| Market revenue in 2033 | USD 8,333.3 million |
| Growth rate | 6.6% (CAGR from 2025 to 2033) |
| Largest segment | Ventilation |
| Fastest growing segment | Cooling |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heating, Ventilation, Cooling |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.3% of the global hvac systems market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,333.3 million by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific hvac systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.
Ventilation was the largest segment with a revenue share of 42.23% in 2024. Horizon Databook has segmented the Asia Pacific hvac systems market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2021 to 2033.
Asia Pacific is the fastest-growing region in the world, contributing to over two-thirds of global economic growth. According to a report by the International Monetary Fund (IMF), the GDP growth in Asia Pacific contracted by 1.5% in 2020, in light of containment measures and global economic slowdown during the COVID-19 pandemic.
The region’s GDP growth is expected to rebound to 4.6% in 2023. Factors such as improving economic conditions, rapid industrialization, and commercialization are anticipated to have a positive impact on the HVAC systems market growth.
Asia Pacific is characterized by the availability of skilled labor at low cost. The shift in the production bases to emerging economies, India, and China, is expected to positively influence the growth of the HVAC systems market over the forecast period. The industrial sector is one of the largest consumers of HVAC systems in China.
Reasons to subscribe to Asia Pacific hvac systems market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific hvac systems market databook
-
Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hvac systems market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific hvac systems market size, by country, 2021-2033 (US$M)
Asia Pacific HVAC Systems Market Outlook Share, 2024 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
