HVAC Systems Market Size, Share & Trends Report

HVAC Systems Market Size, Share & Trends Analysis Report By Equipment (Heat Pump, Air Purifier), By End-use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-2-68038-641-7
Number of Pages: 125
Format: Electronic (PDF)

Historical Range: 2018 - 2023
Industry: Advanced Materials

Market Segmentation

HVAC Systems Equipment Outlook (Revenue, USD Billion, 2018 - 2030)
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Air Purifier
- Dehumidifier
- Air Handling Units
- Ventilation Fans
- Air Conditioning
- Chillers
- Cooling Towers
- Others
HVAC Systems End-use Outlook (Revenue, USD Billion, 2018 - 2030)
- Residential
- Commercial
- Industrial
HVAC Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
  - North America HVAC Systems Market, By Equipment
    - Heat Pump
    - Furnace
    - Unitary Heaters
    - Boilers
    - Air Purifier
    - Dehumidifier
    - Air Handling Units
    - Ventilation Fans
    - Air Conditioning
    - Chillers
    - Cooling Towers
    - Others
  - North America HVAC Systems Market, By End-use
    - Residential
    - Commercial
    - Industrial
  - U.S.
    - U.S. HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - U.S. HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Canada
    - Canada HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Canada HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Mexico
    - Mexico HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Mexico HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
- Europe
  - Europe HVAC Systems Market, By Equipment
    - Heat Pump
    - Furnace
    - Unitary Heaters
    - Boilers
    - Air Purifier
    - Dehumidifier
    - Air Handling Units
    - Ventilation Fans
    - Air Conditioning
    - Chillers
    - Cooling Towers
    - Others
  - Europe HVAC Systems Market, By End-use
    - Residential
    - Commercial
    - Industrial
  - UK
    - UK HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - UK HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Germany
    - Germany HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Germany HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - France
    - France HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - France HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Spain
    - Spain HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Spain HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Italy
    - Italy HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Italy HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Latvia
    - Latvia HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Latvia HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
- Asia Pacific
  - Asia Pacific HVAC Systems Market, By Equipment
    - Heat Pump
    - Furnace
    - Unitary Heaters
    - Boilers
    - Air Purifier
    - Dehumidifier
    - Air Handling Units
    - Ventilation Fans
    - Air Conditioning
    - Chillers
    - Cooling Towers
    - Others
  - Asia Pacific HVAC Systems Market, By End-use
    - Residential
    - Commercial
    - Industrial
  - China
    - China HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - China HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - India
    - India HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - India HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Japan
    - Japan HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Japan HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - South Korea
    - South Korea HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - South Korea HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Australia
    - Australia HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Australia HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
- Central & South America
  - Central & South America HVAC Systems Market, By Equipment
    - Heat Pump
    - Furnace
    - Unitary Heaters
    - Boilers
    - Air Purifier
    - Dehumidifier
    - Air Handling Units
    - Ventilation Fans
    - Air Conditioning
    - Chillers
    - Cooling Towers
    - Others
  - Central & South America HVAC Systems Market, By End-use
    - Residential
    - Commercial
    - Industrial
  - Brazil
    - Brazil HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Brazil HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - Argentina
    - Argentina HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Argentina HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
- Middle East & Africa
  - Middle East & Africa HVAC Systems Market, By Equipment
    - Heat Pump
    - Furnace
    - Unitary Heaters
    - Boilers
    - Air Purifier
    - Dehumidifier
    - Air Handling Units
    - Ventilation Fans
    - Air Conditioning
    - Chillers
    - Cooling Towers
    - Others
  - Middle East & Africa HVAC Systems Market, By End-use
    - Residential
    - Commercial
    - Industrial
  - Saudi Arabia
    - Saudi Arabia HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - Saudi Arabia HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial
  - South Africa
    - South Africa HVAC Systems Market, By Equipment
      - Heat Pump
      - Furnace
      - Unitary Heaters
      - Boilers
      - Air Purifier
      - Dehumidifier
      - Air Handling Units
      - Ventilation Fans
      - Air Conditioning
      - Chillers
      - Cooling Towers
      - Others
    - South Africa HVAC Systems Market, By End-use
      - Residential
      - Commercial
      - Industrial

HVAC Systems Market Dynamics

Driver: Growing Real Estate Sector

Real-estate industry is one of the main consumers of HVAC systems. The industry comprises four sub-sectors -housing, retail, commercial, and hospitality. The growing demand real-estate owing to rapid urbanization, increasing need for office space, growth of the corporate environment, and semi-urban & public accommodations. The market is primarily driven by factors such as rising population, growing industrial & commercial units, and developments in the residential markets. Furthermore, the demand for HVAC in the construction industry across the Asia Pacific and South America is also expected to increase owing to rising demographic demands and government support. For instance, in February 2021, the Indian Government granted USD 545.81 billion to the Ministry of Housing and Urban Affairs in the 2021 Budget. Rise in new construction activities provides avenues for new AC installations, subsequently driving the market growth. With the increasing disposable income, consumers are looking to improve their lifestyle by enhancing comfort and convenience by adopting new smart HVAC systems. Thus, the growth of real estate industry is anticipated to boost the growth of the HVAC market.

Driver: Increasing Replacements and Refurbishment Demand For HVAC Systems

Growing technological advancements in the HVAC industry such as the integration of IoT, improved energy efficiency, hybrid technology, etc. lead to improved performance, reduced cost, and increased energy efficiency. The need to replace old HVAC systems with new and advanced HVAC systems to deliver higher energy efficiency and performance is anticipated to boost market growth in the coming years. The utmost prominent factors for replacement of HVAC unit are the age of the system, building remodeling, poor air quality, and high cost of repair. Furthermore, remodeling of commercial, industrial, or residential buildings can lead to a replacement of the HVAC unit due to the possibility of the interruption in the airflow of HVAC systems and increasing running costs. This need for remodeling HVAC system is anticipated to drive market growth.

Restraint: High Installation Cost And Maintenance

The high initial cost of the HVAC system is predicted to hamper market growth. The average life of HVAC systems is about 13 years with proper maintenance. This maintenance includes frequent cleaning to remove any sediment and dust settled on the filters to avoid damage, which can lead to the failure of the entire system. Thus, such initial high cost and maintenance cost is projected to hamper market growth.

What Does This Report Include?

This section will provide insights into the contents included in this HVAC systems market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

HVAC systems market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

HVAC systems market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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