HVAC Equipment Market, By End-use (Residential, Commercial, Industrial), By Product Type (Heating, Air Conditioning, Ventilation), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Description

HVAC Equipment Market is estimated to be valued at USD 236.2 Mn in 2025 and is expected to reach USD 369.5 Mn by 2032, growing at a compound annual growth rate (CAGR) of 6.6% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 236.2 Mn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	6.60%	2032 Value Projection:	USD 369.5 Mn

A hybrid HVAC system includes appliances that are designed to perform at least one critical function. Unitary HVAC systems can supply both heating and cooling, with the primary heating process being conducted using electricity. A similar situation can occur with ventilation, whereby one vent system supplies air conditioning, and the other provides heating. However, unitary systems also sometimes provide heating and cooling along with ventilation. These appliances generally employ forced air systems. Inside most HVAC appliances, ductwork and evaporator coil pipes are connected through piping. These pipes are typically constructed of PVC, but other materials, such as copper, may be used if proper care is taken to protect the pipes from the elements. If plumbing is not installed properly, condensation will form on the inside of the pipes and this can lead to damage to the heating and cooling unit. Another potential problem is the formation of rust on pipes that pass through refrigerant lines. In this case, the refrigerant must be drained and refilled with fresh refrigerant, which must then be routed through piping again.

Market Dynamics:

Increasing demand for energy-efficient devices is expected to boost the global HVAC equipment market growth during the forecast period. HVAC systems offer various advantages including energy efficiency as it is one of the biggest requirements in the technology sector. These systems have a very low environmental impact as it uses up to one-third less fuel than older models. Besides, high-efficiency HVAC systems have variable speed motors to ensure perfect airflow passes through the home or commercial setting. Better airflow means more comfortable temperatures, which keeps air healthier for individuals.

Moreover, the increasing trend of smart homes is expected to accelerate the growth of the global HVAC equipment market in the near future.

Key features of the study:

This report provides in-depth analysis of the global HVAC equipment market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global HVAC equipment market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include United Technologies Corporation (Carrier), LG Corporation, Daikin Industries. Ltd., AB Electrolux, Haier Inc., Lennox International Inc., Samsung Electronics, and Panasonic Corporation, Hitachi Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global HVAC equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global HVAC equipment market

Detailed Segmentation:

Global HVAC Equipment Market, By Product Type
- Heating
- Air Conditioning
- Ventilation
Global HVAC Equipment Market, By End-use
- Residential
- Commercial
- Industrial
Global HVAC Equipment Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- United Technologies Corporation (Carrier)
- LG Corporation
- Daikin Industries. Ltd.
- AB Electrolux
- Haier Inc.
- Lennox International Inc.
- Samsung Electronics
- Panasonic Corporation

Product Code: CMI4772

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By End-use
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
The rising need for an interactive view of data
Increase in investment by companies for development of more interactive data visualization tool
- Restraints
Lack of skilled professionals
- Opportunities
Technological advancement in data visualization tools
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global HVAC Equipment Market- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global HVAC Equipment Market, By Product Type, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Heating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Air Conditioning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Ventilation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)

6. Global HVAC Equipment Market, By End-use, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)

7. Global HVAC Equipment Market, By Region, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021-2032
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Drive Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Voltage Range, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, Application Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Application, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Industry, 2020-2032,(US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Drive Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Voltage Range, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, Application Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Application, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Industry, 2020-2032,(US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Drive Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Voltage Range, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, Application Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Application, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Industry, 2020-2032,(US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Drive Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Voltage Range, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, Application Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Application, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Industry, 2020-2032,(US$ Mn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Drive Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Voltage Range, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, Application Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Application, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, End-use Industry, 2020-2032,(US$ Mn)

8. Competitive Landscape

United Technologies Corporation (Carrier)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
LG Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Daikin Industries. Ltd.,
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
AB Electrolux
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Haier Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Lennox International Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Samsung Electronics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Panasonic Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views

9. Section

Research Methodology
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