Australia Hvac Systems Market Size & Outlook, 2024-2033
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Australia hvac systems market highlights
- The Australia hvac systems market generated a revenue of USD 279.7 million in 2024 and is expected to reach USD 505.0 million by 2033.
- The Australia market is expected to grow at a CAGR of 6.9% 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.
Hvac systems market data book summary
| Market revenue in 2024 | USD 279.7 million |
| Market revenue in 2033 | USD 505.0 million |
| Growth rate | 6.9% (CAGR from 2025 to 2033) |
| Largest segment | Ventilation |
| Fastest growing segment | Cooling |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Australia accounted for 2.3% of the global hvac systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China hvac systems market is projected to lead the regional market in terms of revenue in 2033.
- Malaysia is the fastest growing regional market in Asia Pacific and is projected to reach USD 202.3 million by 2033.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Lennox International Inc | View profile | 12600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | https://www.lennox.com |
| Haier | View profile | 10001+ | Qingdao Shi, Shandong, China, Asia | http://haier.com/in |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
| Fujitsu Ltd | View profile | 124055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | http://www.fujitsu.com |
Australia 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 42.94% in 2024. Horizon Databook has segmented the Australia hvac systems market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2021 to 2033.
The demand for HVAC systems is likely to witness growth over the forecast period because of the rising government initiatives to encourage the use of energy-efficient products. HVAC systems provide cost-effective heating and cooling of spaces by using low quantities of fossil fuel compared to conventional systems.
However, due to higher upfront costs and a longer payback period than other heating and cooling systems, consumers in Australia prefer conventional heating and cooling systems. The higher installation cost of heat pumps is often a potential roadblock to heat pump adoption over conventional systems.
However, growing awareness of the benefits of heat pumps and favorable government policies are expected to propel the market growth over the forecast period. Rapid economic development has been propelling the construction & building activities in Australia. Furthermore, the growing manufacturing industry is expected to boost industrial construction activities in Australia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Australia hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Australia hvac systems market size, by product, 2021-2033 (US$M)
Australia HVAC Systems Market Outlook Share, 2024 & 2033 (US$M)
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