Heating, Ventilation, and Air Conditioning (HVAC) Systems - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market is accounted for $186.18 billion in 2019 and is expected to reach $357.57 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Increasing government guidelines for saving energy and rising trend of smart homes are the major factors driving the market growth. However, shortage of skilled labor is restraining the market growth.
Heating, ventilation, and air conditioning (HVAC) systems provide heating and cooling services. These systems control the indoor air quality, humidity, and temperature of buildings and vehicles. These are also responsible for air filter as well as it provides a comfortable indoor environment if properly maintained. They are used in commercial, residential, and industrial buildings. They are necessary for data centers to control the ambient environment.
Based on application, the commercial segment is likely to have a huge demand due to growth in urbanization and rise in construction spending in this sector. These units take a significant amount of space and so are located on rooftops of buildings. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence & growth of major contributors such as China, India, and Japan, rising population and increasing construction activities.
Some of the key players profiled in the Heating, Ventilation, and Air Conditioning (HVAC) Systems Market include Daikin, Danfoss, Electrolux, Emerson, Fujitsu, Gree, Honeywell, Ingersoll Rand, Johnson Controls, Lennox, LG Electronics, Mitsubishi Electric, Nortek, Samsung Electronics and United Technologies.
Implementation Types Covered:
• Retrofits
• Constructions
Types Covered:
• Multi-split Systems
• Single Split Systems
Cooling Equipments Covered:
• VRF Systems
• Room Air Conditioners
• Coolers
• Unitary Air Conditioners
• Cooling Towers
• Chillers
Heating Equipments Covered:
• Boilers
• Unitary Heaters
• Furnaces
• Heat Pumps
Ventilation Equipments Covered:
• Air Filters
• Air-Handling Units
• Dehumidifiers
• Humidifiers
• Air Purifiers
• Ventilation Fans
Applications Covered:
• Industrial
• Residential
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market, By Implementation Type
5.1 Introduction
5.2 Retrofits
5.3 Constructions
6 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market, By Type
6.1 Introduction
6.2 Multi-split Systems
6.3 Single Split Systems
7 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market, By Cooling Equipment
7.1 Introduction
7.2 VRF Systems
7.3 Room Air Conditioners
7.4 Coolers
7.4.1 Window Coolers
7.4.2 Ducted Coolers
7.5 Unitary Air Conditioners
7.5.1 Packaged Air Conditioners
7.5.2 Split Air Conditioners
7.6 Cooling Towers
7.6.1 Dry Cooling Towers
7.6.2 Evaporative Cooling Towers
7.6.3 Hybrid Cooling Towers
7.7 Chillers
7.7.1 Absorption Chillers
7.7.2 Centrifugal Chillers
7.7.3 Reciprocating Chillers
7.7.4 Screw Chillers
7.7.5 Scroll Chillers
8 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market, By Heating Equipment
8.1 Introduction
8.2 Boilers
8.2.1 Hot Water Boilers
8.2.2 Steam Boilers
8.3 Unitary Heaters
8.3.1 Electric Unit Heaters
8.3.2 Gas Unit Heaters
8.3.3 Oil-Fired Unit Heaters
8.4 Furnaces
8.4.1 Electric Furnaces
8.4.2 Gas Furnaces
8.4.3 Oil Furnaces
8.5 Heat Pumps
8.5.1 Water-To-Water Heat Pumps
8.5.2 Air-To-Water Heat Pumps
8.5.3 Air-To-Air Heat Pumps
9 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market, By Ventilation Equipment
9.1 Introduction
9.2 Air Filters
9.3 Air-Handling Units
9.4 Dehumidifiers
9.4.1 Absorption Dehumidifiers
9.4.2 Refrigeration Dehumidifiers
9.5 Humidifiers
9.5.1 Cool-Mist Humidifiers
9.5.2 Ultrasonic Humidifiers
9.5.3 Warm-Mist Humidifiers
9.6 Air Purifiers
9.6.1 Activated Carbon Air Purifiers
9.6.2 Electrostatic Air Purifiers
9.6.3 Hepa Air Purifiers
9.6.4 Ionic Air Purifiers
9.7 Ventilation Fans
9.7.1 Axial Fans
9.7.2 Centrifugal Fans
9.7.3 Crossflow Fans
9.7.4 Domestic Fans
9.7.5 Power Roof Fans
9.7.6 Range Hood Fans
10 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market, By Application
10.1 Introduction
10.2 Industrial
10.3 Residential
10.4 Commercial
10.4.1 Airport
10.4.2 Education
10.4.3 Government
10.4.4 Healthcare
10.4.5 Office
10.4.6 Retail
11 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Daikin
13.2 Danfoss
13.3 Electrolux
13.4 Emerson
13.5 Fujitsu
13.6 Gree
13.7 Honeywell
13.8 Ingersoll Rand
13.9 Johnson Controls
13.10 Lennox
13.11 LG Electronics
13.12 Mitsubishi Electric
13.13 Nortek
13.14 Samsung Electronics
13.15 United Technologies
List of Tables
1 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Region (2018-2027) ($MN)
2 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Implementation Type (2018-2027) ($MN)
3 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Retrofits (2018-2027) ($MN)
4 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Constructions (2018-2027) ($MN)
5 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Type (2018-2027) ($MN)
6 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Multi-split Systems (2018-2027) ($MN)
7 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Single Split Systems (2018-2027) ($MN)
8 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Cooling Equipment (2018-2027) ($MN)
9 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By VRF Systems (2018-2027) ($MN)
10 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Room Air Conditioners (2018-2027) ($MN)
11 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Coolers (2018-2027) ($MN)
12 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Window Coolers (2018-2027) ($MN)
13 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Ducted Coolers (2018-2027) ($MN)
14 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Unitary Air Conditioners (2018-2027) ($MN)
15 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Packaged Air Conditioners (2018-2027) ($MN)
16 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Split Air Conditioners (2018-2027) ($MN)
17 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Cooling Towers (2018-2027) ($MN)
18 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Dry Cooling Towers (2018-2027) ($MN)
19 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Evaporative Cooling Towers (2018-2027) ($MN)
20 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Hybrid Cooling Towers (2018-2027) ($MN)
21 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Chillers (2018-2027) ($MN)
22 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Absorption Chillers (2018-2027) ($MN)
23 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Centrifugal Chillers (2018-2027) ($MN)
24 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Reciprocating Chillers (2018-2027) ($MN)
25 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Screw Chillers (2018-2027) ($MN)
26 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Scroll Chillers (2018-2027) ($MN)
27 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Heating Equipment (2018-2027) ($MN)
28 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Boilers (2018-2027) ($MN)
29 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Hot Water Boilers (2018-2027) ($MN)
30 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Steam Boilers (2018-2027) ($MN)
31 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Unitary Heaters (2018-2027) ($MN)
32 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Electric Unit Heaters (2018-2027) ($MN)
33 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Gas Unit Heaters (2018-2027) ($MN)
34 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Oil-Fired Unit Heaters (2018-2027) ($MN)
35 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Furnaces (2018-2027) ($MN)
36 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Electric Furnaces (2018-2027) ($MN)
37 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Gas Furnaces (2018-2027) ($MN)
38 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Oil Furnaces (2018-2027) ($MN)
39 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Heat Pumps (2018-2027) ($MN)
40 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Water-To-Water Heat Pumps (2018-2027) ($MN)
41 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Air-To-Water Heat Pumps (2018-2027) ($MN)
42 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Air-To-Air Heat Pumps (2018-2027) ($MN)
43 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Ventilation Equipment (2018-2027) ($MN)
44 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Air Filters (2018-2027) ($MN)
45 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Air-Handling Units (2018-2027) ($MN)
46 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Dehumidifiers (2018-2027) ($MN)
47 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Absorption Dehumidifiers (2018-2027) ($MN)
48 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Refrigeration Dehumidifiers (2018-2027) ($MN)
49 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Humidifiers (2018-2027) ($MN)
50 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Cool-Mist Humidifiers (2018-2027) ($MN)
51 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Ultrasonic Humidifiers (2018-2027) ($MN)
52 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Warm-Mist Humidifiers (2018-2027) ($MN)
53 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Air Purifiers (2018-2027) ($MN)
54 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Activated Carbon Air Purifiers (2018-2027) ($MN)
55 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Electrostatic Air Purifiers (2018-2027) ($MN)
56 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Hepa Air Purifiers (2018-2027) ($MN)
57 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Ionic Air Purifiers (2018-2027) ($MN)
58 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Ventilation Fans (2018-2027) ($MN)
59 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Axial Fans (2018-2027) ($MN)
60 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Centrifugal Fans (2018-2027) ($MN)
61 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Crossflow Fans (2018-2027) ($MN)
62 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Domestic Fans (2018-2027) ($MN)
63 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Power Roof Fans (2018-2027) ($MN)
64 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Range Hood Fans (2018-2027) ($MN)
65 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Application (2018-2027) ($MN)
66 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Industrial (2018-2027) ($MN)
67 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Residential (2018-2027) ($MN)
68 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Commercial (2018-2027) ($MN)
69 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Airport (2018-2027) ($MN)
70 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Education (2018-2027) ($MN)
71 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Government (2018-2027) ($MN)
72 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Healthcare (2018-2027) ($MN)
73 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Office (2018-2027) ($MN)
74 Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market Outlook, By Retail (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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