PUBLISHER: The Business Research Company | PRODUCT CODE: 1931805
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931805
Ventilation, heating, air-conditioning, and commercial refrigeration equipment encompass the apparatus employed for the ventilation, heating, and cooling of commercial structures. This category comprises both central heating units and central cooling systems, serving the purpose of efficiently managing intricate environmental control systems.
The primary categories of ventilation, heating, air-conditioning, and commercial refrigeration equipment consist of HVAC systems, commercial and industrial refrigeration equipment, commercial fans, air purification equipment, and heating equipment (excluding warm air furnaces). Commercial fan and air purification equipment are designed for the purification of air, and they come in various capacities, including small, medium, and large. The equipment caters to a range of end-users, including residential, commercial, and industrial settings.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the ventilation heating air conditioning and commercial refrigeration equipment market by raising costs of compressors, heat exchangers, control electronics, and refrigeration components. Large capacity HVAC and commercial refrigeration systems are most affected, particularly in asia pacific and north america. Increased costs have influenced capital investments in commercial buildings. At the same time, tariffs are driving local manufacturing expansion and innovation in cost efficient environmental systems.
The ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides ventilation, heating, air-conditioning, and commercial refrigeration equipment market statistics, including ventilation, heating, air-conditioning, and commercial refrigeration equipment industry global market size, regional shares, competitors with ventilation, heating, air-conditioning, and commercial refrigeration equipment market share, detailed ventilation, heating, air-conditioning, and commercial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the ventilation, heating, air-conditioning, and commercial refrigeration equipment industry. This ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ventilation, heating, air-conditioning, and commercial refrigeration equipment market size has grown steadily in recent years. It will grow from $597.12 billion in 2025 to $626.31 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to commercial construction growth, expansion of retail refrigeration, demand for thermal comfort, industrial cooling needs, urban infrastructure development.
The ventilation, heating, air-conditioning, and commercial refrigeration equipment market size is expected to see strong growth in the next few years. It will grow to $788.4 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to growth in green commercial buildings, rising cold chain infrastructure, stricter energy efficiency regulations, expansion of smart cities, demand for climate resilient systems. Major trends in the forecast period include rising adoption of energy efficient hvac systems, growing integration of smart building technologies, expansion of commercial refrigeration demand, shift toward low emission heating solutions, increased use of predictive maintenance systems.
The global growth of the construction industry is anticipated to boost the ventilation, heating, air-conditioning, and commercial refrigeration equipment markets during the forecast period. The construction industry encompasses the sector involved in building, repairing, renovating, and maintaining infrastructure. New commercial construction requires HVAC systems to ensure indoor comfort, while residential construction increases demand for efficient heating and cooling solutions that appeal to homebuyers and renters seeking comfort and energy efficiency. For example, in August 2023, a report by the U.S. Census Bureau, a U.S.-based Federal Statistical System, stated that construction expenditure reached $1,938.4 billion in June 2023, reflecting a 3.5% rise from $1,873.2 billion in June 2022. Consequently, the growth of the construction industry is expected to drive the expansion of the ventilation, heating, air-conditioning, and commercial refrigeration equipment markets.
Leading manufacturers in the market are emphasizing the integration of wind-free technology into air conditioners to enhance and diversify their product offerings. Wind-Free technology is an innovative air conditioning feature designed to provide a comfortable cooling experience by reducing direct airflow, resulting in a quieter, more energy-efficient, and pleasant environment for users. For instance, in February 2023, Samsung Electronics Co. Ltd., a South Korea-based manufacturer specializing in consumer electronics, telecommunications, and home appliances, introduced its latest generation of Wind-Free air conditioners in the Indian market. This new range includes Wi-Fi-enabled models equipped with advanced features such as AI auto-cooling, welcome cooling, motion detection sensors, and voice control, highlighting the benefits of wind-free technology.
In August 2025, Robert Bosch GmbH, a Germany-based multinational engineering and technology company, finalized the acquisition of the residential and light commercial HVAC business from Johnson Controls and Hitachi for $8 billion. Through this acquisition, Bosch aims to strengthen its presence in the HVAC market, expand its product portfolio across residential and light commercial segments, enhance operational synergies, and support long-term growth in global heating, ventilation, and air conditioning solutions. Johnson Controls and Hitachi, a Japan-based commercial company, provide ventilation, heating, air-conditioning, and commercial refrigeration equipment.
Major companies operating in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market are Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co ltd, Hitachi Ltd., Ingersoll-Rand Plc, Honeywell International Inc., Carrier Corporation, Danfoss GmbH, Panasonic Corporation., Daikin Industries Ltd., Mitsubishi Electric Corporation, LG Electronics Inc., Fujitsu General Limited, Trane Technologies plc, Samsung Electronics Co. Ltd., Lennox International Inc., Rheem Manufacturing Company, Haier Group Corporation, Nortek Global HVAC LLC, Zamil Air Conditioners, Viessmann Werke GmbH & Co. KG, Bosch Thermotechnik GmbH, Emerson Electric Co., Toshiba Corporation, Airedale International Air Conditioning Ltd., Blue Star Limited, Mitsubishi Heavy Industries Ltd., S.K.M Air Conditioning LLC, Systemair AB
Asia-Pacific was the largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market in 2025. North America was the second-largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market. The regions covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The ventilation, heating, air-conditioning, and commercial refrigeration equipment market consists of sales of ventilation, heating, air-conditioning, and commercial refrigeration equipment, including heating equipment (except warm air furnaces), air-conditioning, and warm air heating equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses ventilation, heating, air-conditioning, and commercial refrigeration equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ventilation, heating, air-conditioning, and commercial refrigeration equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The ventilation, heating, air-conditioning, and commercial refrigeration equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.