Mexico Hvac Systems Market Size & Outlook, 2024-2033
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Mexico hvac systems market highlights
- The Mexico hvac systems market generated a revenue of USD 239.3 million in 2024 and is expected to reach USD 419.2 million by 2033.
- The Mexico market is expected to grow at a CAGR of 6.4% 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 239.3 million |
| Market revenue in 2033 | USD 419.2 million |
| Growth rate | 6.4% (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, Mexico accounted for 2.0% 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 North America, U.S. hvac systems market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 419.2 million by 2033.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 46.05% in 2024. Horizon Databook has segmented the Mexico hvac systems market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2021 to 2033.
According to the World Economic Outlook of the International Monetary Fund (IMF), the GDP growth rate of Mexico dropped by 8.24% in 2020. This decline was caused by the nationwide lockdown imposed in the country in 2020 to limit the spread of COVID-19.
According to the OECD, the GDP of Mexico grew by 1.9% in 2022 and is projected to rise by 2.1% in 2023. An increase in consumer awareness regarding the requirement for maintaining indoor air quality, the prevalence of airborne diseases, and a surge in death rates due to respiratory diseases have led to a risen adoption of proper temperature control, ventilation, and dehumidification systems in residential and commercial spaces in Mexico.
This, in turn, is anticipated to surge investments in new HVAC technologies in the country in the coming years. According to the National Renewable Energy Laboratory (NREL) of the U.S., the total energy demand from Mexico is projected to rise at an average rate of 3.5% per year over the next decade and the government of the country has set a clean energy generation target of 35% by 2024.
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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 Mexico hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Mexico hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Mexico hvac systems market size, by product, 2021-2033 (US$M)
Mexico HVAC Systems Market Outlook Share, 2024 & 2033 (US$M)
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