Watch Demo

Global Heating, Ventilation and Air Conditioning (HVAC) Systems Industry

Global Heating, Ventilation and Air Conditioning (HVAC) Systems Industry
  • Publish Date:September 2023

  • Number of Pages:745

  • Report ID:5842190

  • Format:PDF

  • Publisher:Global Industry Analysts

$ 5450


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
- Aprilaire
- 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

Table of contents



Impact of COVID-19 Pandemic and Looming Global Recession: 2020
Marked as a Year of Disruption & Transformation
As the Race between the...


Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.