Japan Hvac Systems Market Size & Outlook, 2024-2033
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Japan hvac systems market highlights
- The Japan hvac systems market generated a revenue of USD 1,201.1 million in 2024 and is expected to reach USD 1,940.2 million by 2033.
- The Japan market is expected to grow at a CAGR of 5.3% from 2025 to 2033.
- In terms of segment, ventilation was the largest revenue generating product in 2024.
- Heating 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 1,201.1 million |
| Market revenue in 2033 | USD 1,940.2 million |
| Growth rate | 5.3% (CAGR from 2025 to 2033) |
| Largest segment | Ventilation |
| Fastest growing segment | Heating |
| 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, Japan accounted for 9.8% 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 |
Japan 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 42.97% in 2024. Horizon Databook has segmented the Japan hvac systems market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2021 to 2033.
Japan is one of the most highly developed countries in the world. According to the World Bank, the country’s GDP stood at USD 4.23 trillion in 2022. Some of the key industries contributing to the country’s economy include automotive, electronics, metals, machine tools, and textiles.
The Japanese government has its geopolitical strategy in place to reduce dependence on fossil fuels and promote energy-efficient equipment. The government has also decided to promote the use of energy-efficient products including HVAC systems. The Japanese government introduced two policies in 2018—New Energy and Energy Conservation—to promote the use of heat pumps.
These policies offer numerous benefits to consumers including rebates, incentives, and tax credits. Heat pumps in the country are extensively utilized for domestic water heating, space heating, and space cooling. Increasing demand for heat pumps in the commercial sector, including office buildings, medical facilities, schools, and malls, is expected to drive the market over the forecast period.
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Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Japan hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Japan hvac systems market size, by product, 2021-2033 (US$M)
Japan HVAC Systems Market Outlook Share, 2024 & 2033 (US$M)
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