Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market to Reach $313.4 Billion by 2030
The global market for Heating, Ventilation and Air Conditioning (HVAC) Systems estimated at US$204.8 Billion in the year 2022, is projected to reach a revised size of US$313.4 Billion by 2030, growing at a CAGR of 5.5% over the period 2022-2030. Cooling Systems, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$239.2 Billion by the end of the analysis period. Growth in the Heating Systems segment is estimated at 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $54.8 Billion, While China is Forecast to Grow at 8.3% CAGR
The Heating, Ventilation and Air Conditioning (HVAC) Systems market in the U.S. is estimated at US$54.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$70.9 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Select Competitors (Total 136 Featured)
- Blue Star Ltd.
- Baltimore Aircoil Company
- Bryant Heating & Cooling System
- BDR Thermea Group BV
- Brentwood Industries, Inc.
- AAON, Inc.
- Af Gruppen Asa
- Air International Thermal Systems
- Airedale International Air Conditioning Ltd.
- Bell Cooling Towers
- Baltec IES Pty., Ltd.
- CaptiveAire Systems
- Burnham Holdings, Inc.
- Bard Manufacturing Company