Global Heating, Ventilation and Air Conditioning (HVAC) Market: Size, Trends and Forecasts (2020-2025 Edition)

Global Heating, Ventilation and Air Conditioning (HVAC) Market Research Reports 2020-2025

The report titled “Global Heating, Ventilation and Air Conditioning (HVAC) Market Reports: Size, Trends and Forecasts (2020-2025)”, provides an in depth analysis of the global heating, ventilation and air conditioning (HVAC) equipment market by value, by product type, by region, etc. The report also provides a detailed regional analysis of the HVAC equipment market, including the following regions: North America, Europe, Japan, China, Southeast Asia, India and ROW.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global heating, ventilation and air conditioning (HVAC) market has also been forecasted for the year 2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global heating, ventilation and air conditioning (HVAC) market is highly fragmented with many market players operating worldwide. Some heating, ventilation and air conditioning (HVAC) market players operate on a local level while other players operate on a regional and global level. The manufacturers of HVAC produce different types of HVAC equipment for different purpose and applications.

However, the competition in the global heating, ventilation and air conditioning (HVAC) market is dominated by few HVAC market players. Further, key players of the heating, ventilation and air conditioning (HVAC) market are United Technologies Corporation (Carrier), Ingersoll-Rand plc (Trane Inc.), Johnson Controls International plc (York International), Daikin Industries Ltd. (Goodman Global, Inc.) are also profiled with their financial information and respective business strategies.

Country Coverage
1. North America
2. Europe
3. Japan
4. China
5. Southeast Asia
6. India
7. ROW

Company Coverage
1. United Technologies Corporation (Carrier)
2. Ingersoll-Rand plc (Trane Inc.)
3. Johnson Controls International plc (York International)
4. Daikin Industries Ltd. (Goodman Global, Inc.)

Segment Coverage
Residential HVAC Equipment

Ducted
Ductless

Commercial HVAC Equipment

1. Ducted-Applied Systems
2. Ducted-Unitary
3. Ductless (VRF)

Executive Summary

HVAC stands for Heating, Ventilation and Air-conditioning. HVAC refers to the different systems used for moving air between indoor and outdoor areas, along with providing acceptable indoor air quality. These systems are also used to provide thermal comfort and maintain humidity at the optimum level.

HVAC equipment are placed in buildings to achieve heating, ventilation and cooling. HVAC equipment can be broadly categorized into two product types: Residential HVAC and Commercial HVAC. Residential HVAC equipment are used in houses, whereas commercial HVAC equipment are used in commercial buildings, such as office buildings, large retail stores, warehouses and other large buildings.

HVAC equipment installed in the residential and commercial sectors are responsible for the same functions of heating, cooling and ventilation. But, there are few differences exist in the installation of HVAC systems in both the sectors. These differences are explained on the basis of structure, location, heating or cooling capacity, exhaust ventilation and maintenance cost.

The residential HVAC market can be segmented on the basis of equipment (Split Systems, Furnaces and Indoor Components) and sub product types (Ducted and Ductless). The commercial HVAC equipment market can be segmented on the basis of sub product types (Ducted-Applied Systems, Ducted-Unitary and Ductless (VRF)).

The global heating, ventilation and air conditioning (HVAC) market Reports has increased at a significant CAGR during the years 2014-2019 and projections are made that the market would rise in the next five years i.e. 2020-2025 tremendously. The heating, ventilation and air conditioning (HVAC) market is expected to increase due to surging urban population, rising number of new housing units, growing replacement demand of HVAC systems, escalating demand for AC/heat pumps for new residential construction, etc. Yet the market faces some challenges such as uncertainty in the demand for HVAC systems due to climate change, high cost involved, etc.

Tags :

Air Conditioning HVAC Market Report

Global Heating Ventilation and Air Conditioning HVAC Market

Figure 1: Purpose of HVAC System
Figure 2: HVAC Equipment Segmentation by Product Type
Figure 3: Residential HVAC Segmentation by Equipment
Figure 4: Residential HVAC Equipment Segmentation by Sub product Type
Figure 5: Commercial HVAC Equipment Segmentation by Sub Product type
Figure 6: Global HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 7: Global HVAC Equipment Market by Region; 2019 (Percentage, %)
Figure 8: Global HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 9: Global Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 10: Global Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 11: Global Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 12: Global Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 13: Global Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 14: Global Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 15: Global Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 16: Global Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 17: Global Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 18: North America HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 19: North America HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 20: North America Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 21: North America Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 22: North America Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 23: North America Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 24: North America Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 25: North America Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 26: North America Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 27: North America Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 28: North America Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 29: Europe HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 30: Europe HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 31: Europe Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 32: Europe Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 33: Europe Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 34: Europe Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 35: Europe Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 36: Europe Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 37: Europe Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 38: Europe Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 39: Europe Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 40: Japan HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 41: Japan HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 42: Japan Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 43: Japan Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 44: Japan Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 45: Japan Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 46: Japan Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 47: Japan Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 48: Japan Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 49: Japan Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 50: Japan Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 51: China HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 52: China HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 53: China Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 54: China Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 55: China Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 56: China Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 57: China Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 58: China Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 59: China Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 60: China Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 61: China Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 62: Southeast Asia HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 63: Southeast Asia HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 64: Southeast Asia Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 65: Southeast Asia Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 66: Southeast Asia Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 67: Southeast Asia Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 68: Southeast Asia Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 69: Southeast Asia Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 70: Southeast Asia Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 71: Southeast Asia Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 72: Southeast Asia Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 73: India HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 74: India HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 75: India Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 76: India Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 77: India Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 78: India Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 79: India Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 80: India Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 81: India Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 82: India Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 83: India Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 84: ROW HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 85: ROW HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 86: ROW Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 87: ROW Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 88: ROW Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 89: ROW Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 90: ROW Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 91: ROW Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 92: ROW Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 93: ROW Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 94: ROW Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 95: Global Urbanization Rates by Region; 2010-2040 (Percentage, %)
Figure 96: Global Number of New Housing Units; 2013-2019 (Thousand)
Figure 97: Global Replacement Rate of HVAC Systems; 2013-2019 (Percentage, %)
Figure 98: Global AC/Heat Pumps Units for New Residential Construction; 2014-2019 (Thousand Units)
Figure 99: Global Smart Thermostat Market by Volume; 2013-2018 (Million Units)
Figure 100: The US Monthly Non-Residential Construction Spending; 2013-2018 (US$ Billion)
Figure 101: Global Smart Home Market; 2017-2022 (US$ Billion)
Figure 102: Global Data Center Market; 2018-2023 (US$ Billion)
Figure 103: Global HVAC Equipment Players by Market Share; 2018 (Percentage, %)
Figure 104: Global HVAC Equipment Market Players by Residential HVAC Growth Rates; 1Q18-1Q19 (Percentage, %)
Figure 105: Global HVAC Equipment Market Players by Commercial HVAC Growth Rates; 1Q18-1Q19 (Percentage, %)
Figure 106: Global Residential HVAC Players by Market Share; 2018 (Percentage, %)
Figure 107: North America Residential HVAC Players by Market Share; 2018 (Percentage, %)
Figure 108: North America Commercial Ducted-Unitary HVAC Players by Market Share; 2018 (Percentage, %)
Figure 109: United Technologies Corporation (Carrier) Net Sales; 2014-2018 (US$ Billion)
Figure 110: United Technologies Corporation (Carrier) Net Sales by Segments; 2018 (Percentage, %)
Figure 111: United Technologies Corporation (Carrier) Net Sales by Region; 2018 (Percentage, %)
Figure 112: Ingersoll-Rand plc (Trane Inc.) Net Revenues; 2014-2018 (US$ Billion)
Figure 113: Ingersoll-Rand plc (Trane Inc.) Net Revenues by Segments; 2018 (Percentage, %)
Figure 114: Ingersoll-Rand plc (Trane Inc.) Net Revenues by Region; 2018 (Percentage, %)
Figure 115: Johnson Controls International plc (York International) Net Sales; 2014-2018 (US$ Billion)
Figure 116: Johnson Controls International plc (York International) Net Sales by Segments; 2018 (Percentage, %)
Figure 117: Johnson Controls International plc (York International) Net Sales by Region; 2018 (Percentage, %)
Figure 118: Daikin Industries, Ltd. (Goodman Global, Inc.) Net Sales; 2014-2018 (US$ Billion)
Figure 119: Daikin Industries, Ltd. (Goodman Global, Inc.) Net Sales by Segments; 2018 (Percentage, %)
Figure 120: Daikin Industries, Ltd. (Goodman Global, Inc.) Net Sales by Region; 2018 (Percentage, %)
Table 1: Difference Between Residential & Commercial HVAC Systems
Table 2: Global Residential and Commercial HVAC Market Players
Table 3: Global Residential and Commercial HVAC Market Players by New Product Launch
Table 4: Residential and Commercial HVAC Market Players by Distribution Breakdown