HVAC System Market Size to Worth USD 403.06 Billion By 2034

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on HVAC System Market

5.1. COVID-19 Landscape: HVAC System Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global HVAC System Market, By Cooling Equipment

8.1. HVAC System Market Revenue and Volume, by Cooling Equipment

8.1.1. Unitary Air Conditioners

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Variable Refrigerant Flow Systems (VRF)

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Chillers

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Room Air Conditioners

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Coolers

8.1.5.1. Market Revenue and Volume Forecast

8.1.6. Cooling Towers

8.1.6.1. Market Revenue and Volume Forecast

Chapter 9. Global HVAC System Market, By Heating Equipment

9.1. HVAC System Market Revenue and Volume, by Heating Equipment

9.1.1. Heat Pumps

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Furnaces

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Unitary Heaters

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Boilers

9.1.4.1. Market Revenue and Volume Forecast

Chapter 10. Global HVAC System Market, By Ventilation Type

10.1. HVAC System Market Revenue and Volume, by Ventilation Type

10.1.1. Air-handling Units (AHUs)

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Air Filters

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Dehumidifiers

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Ventilation Fans

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Humidifiers

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Air Purifiers

10.1.6.1. Market Revenue and Volume Forecast

Chapter 11. Global HVAC System Market, By Implementation Type

11.1. HVAC System Market Revenue and Volume, by Implementation Type

11.1.1. New Construction

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Retrofit

11.1.2.1. Market Revenue and Volume Forecast

Chapter 12. Global HVAC System Market, By Application

12.1. HVAC System Market Revenue and Volume, by Application

12.1.1. Residential

12.1.1.1. Market Revenue and Volume Forecast

12.1.2. Commercial

12.1.2.1. Market Revenue and Volume Forecast

12.1.3. Industrial

12.1.3.1. Market Revenue and Volume Forecast

Chapter 13. Global HVAC System Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.1.2. Market Revenue and Volume Forecast, by Heating Equipment

13.1.3. Market Revenue and Volume Forecast, by Ventilation Type

13.1.4. Market Revenue and Volume Forecast, by Implementation Type

13.1.5. Market Revenue and Volume Forecast, by Application

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.1.6.2. Market Revenue and Volume Forecast, by Heating Equipment

13.1.6.3. Market Revenue and Volume Forecast, by Ventilation Type

13.1.6.4. Market Revenue and Volume Forecast, by Implementation Type

13.1.6.5. Market Revenue and Volume Forecast, by Application

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.1.7.2. Market Revenue and Volume Forecast, by Heating Equipment

13.1.7.3. Market Revenue and Volume Forecast, by Ventilation Type

13.1.7.4. Market Revenue and Volume Forecast, by Implementation Type

13.1.7.5. Market Revenue and Volume Forecast, by Application

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.2.2. Market Revenue and Volume Forecast, by Heating Equipment

13.2.3. Market Revenue and Volume Forecast, by Ventilation Type

13.2.4. Market Revenue and Volume Forecast, by Implementation Type

13.2.5. Market Revenue and Volume Forecast, by Application

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.2.6.2. Market Revenue and Volume Forecast, by Heating Equipment

13.2.6.3. Market Revenue and Volume Forecast, by Ventilation Type

13.2.7. Market Revenue and Volume Forecast, by Implementation Type

13.2.8. Market Revenue and Volume Forecast, by Application

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.2.9.2. Market Revenue and Volume Forecast, by Heating Equipment

13.2.9.3. Market Revenue and Volume Forecast, by Ventilation Type

13.2.10. Market Revenue and Volume Forecast, by Implementation Type

13.2.11. Market Revenue and Volume Forecast, by Application

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.2.12.2. Market Revenue and Volume Forecast, by Heating Equipment

13.2.12.3. Market Revenue and Volume Forecast, by Ventilation Type

13.2.12.4. Market Revenue and Volume Forecast, by Implementation Type

13.2.13. Market Revenue and Volume Forecast, by Application

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.2.14.2. Market Revenue and Volume Forecast, by Heating Equipment

13.2.14.3. Market Revenue and Volume Forecast, by Ventilation Type

13.2.14.4. Market Revenue and Volume Forecast, by Implementation Type

13.2.15. Market Revenue and Volume Forecast, by Application

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.3.2. Market Revenue and Volume Forecast, by Heating Equipment

13.3.3. Market Revenue and Volume Forecast, by Ventilation Type

13.3.4. Market Revenue and Volume Forecast, by Implementation Type

13.3.5. Market Revenue and Volume Forecast, by Application

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.3.6.2. Market Revenue and Volume Forecast, by Heating Equipment

13.3.6.3. Market Revenue and Volume Forecast, by Ventilation Type

13.3.6.4. Market Revenue and Volume Forecast, by Implementation Type

13.3.7. Market Revenue and Volume Forecast, by Application

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.3.8.2. Market Revenue and Volume Forecast, by Heating Equipment

13.3.8.3. Market Revenue and Volume Forecast, by Ventilation Type

13.3.8.4. Market Revenue and Volume Forecast, by Implementation Type

13.3.9. Market Revenue and Volume Forecast, by Application

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.3.10.2. Market Revenue and Volume Forecast, by Heating Equipment

13.3.10.3. Market Revenue and Volume Forecast, by Ventilation Type

13.3.10.4. Market Revenue and Volume Forecast, by Implementation Type

13.3.10.5. Market Revenue and Volume Forecast, by Application

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.3.11.2. Market Revenue and Volume Forecast, by Heating Equipment

13.3.11.3. Market Revenue and Volume Forecast, by Ventilation Type

13.3.11.4. Market Revenue and Volume Forecast, by Implementation Type

13.3.11.5. Market Revenue and Volume Forecast, by Application

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.4.2. Market Revenue and Volume Forecast, by Heating Equipment

13.4.3. Market Revenue and Volume Forecast, by Ventilation Type

13.4.4. Market Revenue and Volume Forecast, by Implementation Type

13.4.5. Market Revenue and Volume Forecast, by Application

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.4.6.2. Market Revenue and Volume Forecast, by Heating Equipment

13.4.6.3. Market Revenue and Volume Forecast, by Ventilation Type

13.4.6.4. Market Revenue and Volume Forecast, by Implementation Type

13.4.7. Market Revenue and Volume Forecast, by Application

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.4.8.2. Market Revenue and Volume Forecast, by Heating Equipment

13.4.8.3. Market Revenue and Volume Forecast, by Ventilation Type

13.4.8.4. Market Revenue and Volume Forecast, by Implementation Type

13.4.9. Market Revenue and Volume Forecast, by Application

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.4.10.2. Market Revenue and Volume Forecast, by Heating Equipment

13.4.10.3. Market Revenue and Volume Forecast, by Ventilation Type

13.4.10.4. Market Revenue and Volume Forecast, by Implementation Type

13.4.10.5. Market Revenue and Volume Forecast, by Application

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.4.11.2. Market Revenue and Volume Forecast, by Heating Equipment

13.4.11.3. Market Revenue and Volume Forecast, by Ventilation Type

13.4.11.4. Market Revenue and Volume Forecast, by Implementation Type

13.4.11.5. Market Revenue and Volume Forecast, by Application

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.5.2. Market Revenue and Volume Forecast, by Heating Equipment

13.5.3. Market Revenue and Volume Forecast, by Ventilation Type

13.5.4. Market Revenue and Volume Forecast, by Implementation Type

13.5.5. Market Revenue and Volume Forecast, by Application

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.5.6.2. Market Revenue and Volume Forecast, by Heating Equipment

13.5.6.3. Market Revenue and Volume Forecast, by Ventilation Type

13.5.6.4. Market Revenue and Volume Forecast, by Implementation Type

13.5.7. Market Revenue and Volume Forecast, by Application

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Cooling Equipment

13.5.8.2. Market Revenue and Volume Forecast, by Heating Equipment

13.5.8.3. Market Revenue and Volume Forecast, by Ventilation Type

13.5.8.4. Market Revenue and Volume Forecast, by Implementation Type

13.5.8.5. Market Revenue and Volume Forecast, by Application

Chapter 14. Company Profiles

14.1. Carrier Corporation

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Daikin Industries, Ltd.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Fujitsu

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Haier Group

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Havells India Ltd.

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Hitachi Ltd.

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Johnson Controls

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. LG Electronics

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Lennox International Inc.

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Mitsubishi Electric Corporation

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global HVAC system market size is expected to increase USD 403.06 billion by 2034 from USD 219.44 billion in 2024.

The global HVAC system market will register a growth rate of 6.27% between 2025 and 2034.

The major players operating in the HVAC system market are Carrier Corporation, Daikin Industries, Ltd., Fujitsu, Haier Group, Havells India Ltd., Hitachi Ltd., Johnson Controls, LG Electronics, Lennox International Inc., Mitsubishi Electric Corporation, Rheem Manufacturing Company, SAMSUNG, Trane and Others.

The driving factors of the HVAC system market are the rise in the construction industry and demand for temperature control in commercial buildings.

Asia Pacific region will lead the global HVAC system market during the forecast period 2025 to 2034.