1. Home
  2. > Construction
  3. > Building Products
  4. > HVAC Market Trends
HVAC Equipment Market by System Type, Business Type, and End user : Global Opportunity Analysis and Industry Forecast, 2021–2030

HVAC Equipment Market by System Type, Business Type, and End user : Global Opportunity Analysis and Industry Forecast, 2021–2030

  • October 2021
  • 292 pages
  • ID: 6193476
  • Format: PDF
  • Allied Market Research


Table of Contents

HVAC Equipment Market by System Type (Central, and Decentralized), Business Type (New Construction, and Retrofits), and End user (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

The global HVAC equipment market size was valued at $171.8 billion in 2020, and is projected to reach $290.8 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030. The purpose of an HVAC system is to manage the environment in which it operates. It achieves this by using heating and cooling to regulate the indoor temperature. By controlling the movement and distribution of air inside the room, it also regulates the humidity level in that environment. There are three main types of HVAC systems that include split AC, package heating & air conditioning system and central air conditioning. Unlike split systems, which have separate cold and hot units, package air conditioners include all the components in one unit. A centrifugal fan or blower is used in these elements to assist disperse air throughout the building.
Construction activity has risen as a result of ongoing infrastructure development, urbanization, and industrialization across the world. HVAC equipment are increasingly being used by construction project owners to offer a safe and healthy working environment for their workers. One of the major reasons encouraging the increased usage of heating and cooling technology is climate change. Because of the unpredictability of weather and rising temperatures, many consumers see HVAC equipment as a good investment. Furthermore, HVAC systems enhance the aesthetic value of both residential and business spaces. Companies create goods that are appealing to the eye and provide a variety of design alternatives.
Various key players are improving their product portfolio by launching latest and most advanced technology HVAC equipment and also strengthening market position by implementing various strategic moves such as partnership, acquisition, expanding business and product launch. For instance, in August 2021, Emerson introduced a new Copeland 110cc speed scroll variable compressor with a 36 kW inverter drive. These new solutions are designed to conserve energy and enhance the environment in a variety of commercial air-conditioning applications, including chillers, data centers, and package air conditioners. Such strategic moves are expected to provide lucrative growth in the market during the forecast period.
The HVAC equipment market is segmented on the basis of system type, business type, end-user, and region. By system type, the market is divided into central and decentralized. By business type, it is divided into new construction and retrofits. By end user, it is divided into residential, commercial and industrial. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key companies profiled in the HVAC equipment market report include Daikin Industries, Ltd., Johnson Controls, Hitachi Air Conditioning Company, LG Electronics Inc., Raytheon Technologies Corporation (United Technologies), Emerson Electric Co., Honeywell International, Inc., Mitsubishi Electric Trane HVAC US LLC, Nortek Global HVAC, Danfoss AS.

- The report provides an extensive analysis of the current and emerging HVAC equipment market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2028.
- Extensive analysis of the HVAC equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global HVAC equipment market forecast analysis from 2021 to 2028 is included in the report.
- The key market players within HVAC equipment market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the HVAC equipment industry.


• Central
• Decentralized

• New construction
• Retrofits

• Residential
• Commercial
• Industrial

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific

o Latin America
o Middle East
o Africa

• Daikin Industries, Ltd.
• Johnson Controls
• Hitachi Air Conditioning Company
• LG Electronics Inc.
• Raytheon Technologies Corporation (United Technologies)
• Emerson Electric Co.
• Honeywell International, Inc.
• Mitsubishi Electric Trane HVAC US LLC
• Nortek Global HVAC
• Danfoss AS

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Chillers Market Research Report by Type, Product Type, Power Range, Compressor Type, End-User, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

  • $ 3949
  • January 2023
  • 227 pages

Chillers Market Research Report by Type (Centrifugal Chiller, Screw Chiller, and Scroll Chiller), Product Type, Power Range, Compressor Type, End-User, Region - Cumulative Impact of COVID-19, Russia Ukraine ...

  • World
  • Cooling System
  • Marketing Research
  • Industry analysis


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on