Report Id: IMHVACM0320
HVAC Market Size By Type (Heating Furnaces, Heat Pumps, Boilers, Unitary Heaters), By Application (Commercial, Industrial, Residential), By Process (Heating , Ventilation , Cooling, Printed Electronics, Printed Electronics, Printed Electronics, Printed Electronics, Printed Electronics, Printed Electronics, Printed Electronics), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2022-2027
The global HVAC Market will grow by US$ 151 Billion by 2027 at a CAGR of 4% in the given forecast period.
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CLICK HERENorth America
4
South America
1
Europe
2
APAC
5
Others
3
MARKET SNAPSHOT
Major Players
- Daikin Industries Ltd
- Midea Group Co. Ltd
- Toshiba Carrier Corporation
- Mitsubishi Electric Corporation
- LG Electronics Inc
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
4
REPORT DESCRIPTION
The global HVAC Market will grow by US$ 151 Billion by 2027 at a CAGR of 4% in the given forecast period.
The variation in climatic changes has led to the increasing demand for electrical cooling systems in summers and, simultaneously, for natural gas, heating oil, wood, and electrical heating systems in winters. Moreover, the change in climate has an adverse impact on the energy consumption in buildings and also influences air conditioning loads, which vary according to the ambient temperature and humidity conditions.
Factors including overall growth in construction sector predominately office and buildings and hotels is the major driver exhibited in the market. Moreover, increasing focus toward using environmentally friendly refrigerants is propelling the demand for HVAC systems. Rising temperature and growing disposable income have been major factors for increase in demand for ACs across the globe,
The global HVAC market is segregated on the basis of Type as Heating Furnaces, Heat Pumps, Boilers, and Unitary Heaters. Based on Application the global HVAC market is segmented in Commercial, Industrial, and Residential. Based on Process the global HVAC market is segmented in Heating, Ventilation, Cooling, Printed Electronics, Printed Electronics, Printed Electronics, Printed Electronics, Printed Electronics, Printed Electronics, and Printed Electronics.
The global HVAC market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The HVAC market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Daikin Industries Ltd., Toshiba Carrier Corporation, Midea Group Co. Ltd., Mitsubishi Electric Corporation, LG Electronics Inc., Samsung Electronics Co. Ltd., Johnson Controls International PLC, Lennox International Inc., United Technologies Corporation, Ingersoll-Rand plc, and others are among the major players in the global HVAC market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The HVAC Market has been segmented as below:
HVAC Market, By Type
- Heating Furnaces
- Heat Pumps
- Boilers
- Unitary Heaters
HVAC Market, By Application
- Commercial
- Industrial
- Residential
HVAC Market, By Process
- Heating
- Ventilation
- Cooling
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
HVAC Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
HVAC Market, By Company
- Daikin Industries Ltd.
- Toshiba Carrier Corporation
- Midea Group Co. Ltd.
- Mitsubishi Electric Corporation
- LG Electronics Inc.
- Samsung Electronics Co. Ltd.
- Johnson Controls International PLC
- Lennox International Inc.
- United Technologies Corporation
- Ingersoll-Rand plc
The report covers:
- Global HVAC market sizes from 2018 to 2027, along with CAGR for 2022-2027
- Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
- Global HVAC market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global HVAC market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global HVAC market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global HVAC market share. Major industry players with significant revenue share include Daikin Industries Ltd., Toshiba Carrier Corporation, Midea Group Co. Ltd., Mitsubishi Electric Corporation, LG Electronics Inc., Samsung Electronics Co. Ltd., Johnson Controls International PLC, Lennox International Inc., United Technologies Corporation, Ingersoll-Rand plc, and others.
Reasons to Buy this Report:
- Gain detailed insights on the HVAC industry trends
- Find complete analysis on the market status
- Identify the HVAC market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customization
Customized report as per the requirement can be offered with appropriate recommendations
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. HVAC Market, By Type
5.1 Introduction
5.2 Heating Furnaces
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Heat Pumps
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Boilers
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Unitary Heaters
5.5.1 Market Overview
5.5.2 Market Size and Forecast
6. HVAC Market, By Application
6.1 Introduction
6.2 Commercial
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Industrial
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Residential
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. HVAC Market, By Process
7.1 Introduction
7.2 Heating
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Ventilation
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Cooling
7.4.1 Market Overview
7.4.2 Market Size and Forecast
7.5 Printed Electronics
7.5.1 Market Overview
7.5.2 Market Size and Forecast
7.6 Printed Electronics
7.6.1 Market Overview
7.6.2 Market Size and Forecast
7.7 Printed Electronics
7.7.1 Market Overview
7.7.2 Market Size and Forecast
7.8 Printed Electronics
7.8.1 Market Overview
7.8.2 Market Size and Forecast
7.9 Printed Electronics
7.9.1 Market Overview
7.9.2 Market Size and Forecast
7.10 Printed Electronics
7.10.1 Market Overview
7.10.2 Market Size and Forecast
7.11 Printed Electronics
7.11.1 Market Overview
7.11.2 Market Size and Forecast
8. HVAC Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America HVAC, By Type
8.2.2 North America HVAC, By Application
8.2.3 North America HVAC, By Process
8.3 Europe
8.3.1 Europe HVAC By Type
8.3.2 Europe HVAC By Application
8.3.3 Europe HVAC, By Process
8.4 Asia-Pacific
8.4.1 Asia-Pacific HVAC, By Type
8.4.2 Asia-Pacific HVAC, By Application
8.4.3 Asia-Pacific HVAC, By Process
8.5 Rest of the World
8.5.1 Rest of the World HVAC, By Type
8.5.2 Rest of the World HVAC, By Application
8.5.3 Rest of the World HVAC, By Process
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
10.1 Daikin Industries Ltd.
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Toshiba Carrier Corporation
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Midea Group Co. Ltd.
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Mitsubishi Electric Corporation
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 LG Electronics Inc.
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 Samsung Electronics Co. Ltd.
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Johnson Controls International PLC
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Lennox International Inc.
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 United Technologies Corporation
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Ingersoll-Rand plc
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
The HVAC Market has been segmented as below:
HVAC Market, By Type
- Heating Furnaces
- Heat Pumps
- Boilers
- Unitary Heaters
HVAC Market, By Application
- Commercial
- Industrial
- Residential
HVAC Market, By Process
- Heating
- Ventilation
- Cooling
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
- Printed Electronics
HVAC Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
HVAC Market, By Company
- Daikin Industries Ltd.
- Toshiba Carrier Corporation
- Midea Group Co. Ltd.
- Mitsubishi Electric Corporation
- LG Electronics Inc.
- Samsung Electronics Co. Ltd.
- Johnson Controls International PLC
- Lennox International Inc.
- United Technologies Corporation
- Ingersoll-Rand plc
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of HVAC Market?
The market is expected to grow at a CAGR of 4% during the study period (2022-2027)
How big is the HVAC Market value?
The global HVAC Market will grow by US$ 152 Billion by 2027
What is the segment’s covered for the HVAC Market?
The segment included in HVAC Market is Type, Application, Process, Company and region.
Who are the major key vendors in the HVAC Market?
Some key players operating in the HVAC Market include Daikin Industries Ltd., Toshiba Carrier Corporation, Midea Group Co. Ltd., Mitsubishi Electric Corporation, LG Electronics Inc
What are the different forms of the report available?
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• Spreadsheet/ Workbook
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