Commercial HVAC Market Size and Forecast 2021 - 2031, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Equipment Type, Implementation, Application, and Geography

List of Tables

The commercial HVAC market size was valued at US$ 79.30 billion in 2024 and is expected to reach US$ 136.448 billion by 2031; it is estimated to register a CAGR of 8.2% during 2025-2031.

The commercial HVAC market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the commercial HVAC market in 2024. Asia Pacific is the second-largest contributor to the global commercial HVAC market, followed by Europe.

The commercial HVAC market in APAC is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The Asia Pacific commercial HVAC market growth is attributed to the rising temperatures and unpredictable weather conditions that have prompted consumers to adopt HVAC systems in APAC countries. Also, the region has the highest economic growth rate in the world. The construction industry in APAC will benefit from the expansion of the heavy construction sector due to population growth. The increase in construction operations in China, India, and several other countries in APAC will also contribute to the rising demand for HVAC systems, thereby enhancing the overall market outlook. For instance, the Yaesu 1-Chome North District Type One Urban Redevelopment project involves the construction of two commercial buildings in Japan. The construction work was started in Q4 2024 and is expected to be completed by Q4 2031. The project aims to provide better retail, office, and hospital facilities in the region. Similarly, the construction of Mandiri Financial Center project was started in Q4 2024, which involves the construction of two office complexes in Indonesia. The construction is expected to reach completion by Q2 2027.

Furthermore, the region is moving towards implementing the newest innovations and energy-efficient HVAC solutions, such as the introduction of R-32 low global warming potential refrigerants in urban and rural areas. The Asia Pacific region's many regulatory, energy, and green building standards are some of the many factors that are forcing the HVAC manufacturers to aggressively develop and implement new HVAC solutions that meet such energy standards.

Based on equipment type, the commercial HVAC market is segmented into heating equipment, cooling equipment, and ventilation equipment. The cooling equipment segment held the largest commercial HVAC market share. An HVAC system consists of many types of equipment that cool circulating air, such as unitary air conditioners, chillers, VRF systems, and coolers. The strategy for cooling can differ significantly from one commercial space to the next. For example, air conditioning equipment could be situated within the building or outside, for instance, on the roof. It can also manage temperatures with water rather than coolant. It can also help filter the air or control humidity when used in combination with the ventilation system. Data centers rely significantly on air conditioning to guarantee that their IT infrastructure runs smoothly, employing a variety of cooling and ventilation technologies.

Schneider Electric SE, Carrier Global Corp, Daikin Industries Ltd, Honeywell International Inc, Johnson Controls International Plc, Danfoss AS, Lennox International Inc, LG Electronics Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies Plc, and AAON Inc are among the key commercial HVAC market players that are profiled in this market study.

The overall commercial HVAC market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the commercial HVAC market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the commercial HVAC market.

Product Code: TIPRE00011156

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Commercial HVAC Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
4.4 Premium Insights
- 4.4.1 Pricing Analysis

5. Commercial HVAC Market - Key Market Dynamics

5.1 Commercial HVAC Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rise in Construction Projects Worldwide
- 5.2.2 Increase in Temperatures and Unpredictable Weather Patterns
- 5.2.3 Strict Government Regulations
5.3 Market Restraints
- 5.3.1 High Maintenance and Replacement Cost
5.4 Market Opportunities
- 5.4.1 Growing Number of Data Centers
- 5.4.2 Emerging Retrofitting Market
5.5 Future Trends
- 5.5.1 Growing Requirement for Smart HVAC Systems
- 5.5.2 Rising Demand for HVAC as a Service
5.6 Impact of Drivers and Restraints:

6. Commercial HVAC Market - Global Market Analysis

6.1 Commercial HVAC Market Revenue (US$ Million), 2021-2031
6.2 Commercial HVAC Market Forecast Analysis

7. Commercial HVAC Market Analysis - by Equipment Type

7.1 Cooling Equipment
- 7.1.1 Overview
- 7.1.2 Cooling Equipment: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.1.2.1 Unitary Air Conditioners
    - 7.1.2.1.1 Overview
    - 7.1.2.1.2 Unitary Air Conditioners: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.1.2.2 Chillers
    - 7.1.2.2.1 Overview
    - 7.1.2.2.2 Chillers: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.1.2.3 Coolers
    - 7.1.2.3.1 Overview
    - 7.1.2.3.2 Coolers: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.1.2.4 VRF Systems
    - 7.1.2.4.1 Overview
    - 7.1.2.4.2 VRF Systems: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.1.2.5 Others
    - 7.1.2.5.1 Overview
    - 7.1.2.5.2 Others: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Heating Equipment
- 7.2.1 Overview
- 7.2.2 Heating Equipment: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.2.2.1 Boilers
    - 7.2.2.1.1 Overview
    - 7.2.2.1.2 Boilers: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.2.2.2 Heat Pumps
    - 7.2.2.2.1 Overview
    - 7.2.2.2.2 Heat Pumps: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.2.2.3 Furnaces
    - 7.2.2.3.1 Overview
    - 7.2.2.3.2 Furnaces: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.2.2.4 Space Heaters
    - 7.2.2.4.1 Overview
    - 7.2.2.4.2 Space Heaters: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Ventilation Equipment
- 7.3.1 Overview
- 7.3.2 Ventilation Equipment: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.3.2.1 Ventilation Equipment, Type
    - 7.3.2.1.1 Air Handling Units (AHUs)
      - 7.3.2.1.1.1 Overview
      - 7.3.2.1.1.2 Air Handling Units (AHUs): Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
    - 7.3.2.1.2 Ventilation Fans
      - 7.3.2.1.2.1 Overview
      - 7.3.2.1.2.2 Ventilation Fans: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
    - 7.3.2.1.3 Air Filters and Air Purifiers
      - 7.3.2.1.3.1 Overview
      - 7.3.2.1.3.2 Air Filters and Air Purifiers: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
    - 7.3.2.1.4 Roof Vents
      - 7.3.2.1.4.1 Overview
      - 7.3.2.1.4.2 Roof Vents: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
    - 7.3.2.1.5 Others
      - 7.3.2.1.5.1 Overview
      - 7.3.2.1.5.2 Others: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.3.2.2 Ventilation Equipment, System Type
    - 7.3.2.2.1 Controlled Mechanical Ventilation (CMV)
      - 7.3.2.2.1.1 Overview
      - 7.3.2.2.1.2 Controlled Mechanical Ventilation (CMV): Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
    - 7.3.2.2.2 Natural Ventilation
      - 7.3.2.2.2.1 Overview
      - 7.3.2.2.2.2 Natural Ventilation: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
    - 7.3.2.2.3 Hybrid or Mixed-Mode Ventilation
      - 7.3.2.2.3.1 Overview
      - 7.3.2.2.3.2 Hybrid or Mixed-Mode Ventilation: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)

8. Commercial HVAC Market Analysis - by Implementation

8.1 New Installation
- 8.1.1 Overview
- 8.1.2 New Installation: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Retrofit
- 8.2.1 Overview
- 8.2.2 Retrofit: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)

9. Commercial HVAC Market Analysis - by Application

9.1 Office Buildings
- 9.1.1 Overview
- 9.1.2 Office Buildings: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Hotels and Restaurants
- 9.2.1 Overview
- 9.2.2 Hotels and Restaurants: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Transportation Industry
- 9.3.1 Overview
- 9.3.2 Transportation Industry: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Hospitals and Clinics
- 9.4.1 Overview
- 9.4.2 Hospitals and Clinics: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Commercial HVAC Market - Revenue and Forecast to 2031 (US$ Million)

10. Commercial HVAC Market - Geographical Analysis

10.1 Overview
10.2 North America
- 10.2.1 North America Commercial HVAC Market Overview
- 10.2.2 North America: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
- 10.2.3 North America: Commercial HVAC Market Breakdown, by Equipment Type
  - 10.2.3.1 North America: Commercial HVAC Market- Revenue and Forecast Analysis - by Equipment Type
- 10.2.4 North America: Commercial HVAC Market Breakdown, by Cooling Equipment Type
  - 10.2.4.1 North America: Commercial HVAC Market- Revenue and Forecast Analysis - by Cooling Equipment Type
- 10.2.5 North America: Commercial HVAC Market Breakdown, by Heating Equipment Type
  - 10.2.5.1 North America: Commercial HVAC Market- Revenue and Forecast Analysis - by Heating Equipment Type
- 10.2.6 North America: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
  - 10.2.6.1 North America: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Equipment Type
- 10.2.7 North America: Commercial HVAC Market Breakdown, by Ventilation Systems Type
  - 10.2.7.1 North America: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Systems Type
- 10.2.8 North America: Commercial HVAC Market Breakdown, by Implementation
  - 10.2.8.1 North America: Commercial HVAC Market- Revenue and Forecast Analysis - by Implementation
- 10.2.9 North America: Commercial HVAC Market Breakdown, by Application
  - 10.2.9.1 North America: Commercial HVAC Market- Revenue and Forecast Analysis - by Application
- 10.2.10 North America: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.2.10.1 North America: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.2.10.2 United States: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.2.10.2.1 United States: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.2.10.2.2 United States: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.2.10.2.3 United States: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.2.10.2.4 United States: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.2.10.2.5 United States: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.2.10.2.6 United States: Commercial HVAC Market Breakdown, by Implementation
    - 10.2.10.2.7 United States: Commercial HVAC Market Breakdown, by Application
  - 10.2.10.3 Canada: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.2.10.3.1 Canada: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.2.10.3.2 Canada: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.2.10.3.3 Canada: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.2.10.3.4 Canada: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.2.10.3.5 Canada: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.2.10.3.6 Canada: Commercial HVAC Market Breakdown, by Implementation
    - 10.2.10.3.7 Canada: Commercial HVAC Market Breakdown, by Application
  - 10.2.10.4 Mexico: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.2.10.4.1 Mexico: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.2.10.4.2 Mexico: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.2.10.4.3 Mexico: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.2.10.4.4 Mexico: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.2.10.4.5 Mexico: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.2.10.4.6 Mexico: Commercial HVAC Market Breakdown, by Implementation
    - 10.2.10.4.7 Mexico: Commercial HVAC Market Breakdown, by Application
10.3 Europe
- 10.3.1 Europe Commercial HVAC Market Overview
- 10.3.2 Europe: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
- 10.3.3 Europe: Commercial HVAC Market Breakdown, by Equipment Type
  - 10.3.3.1 Europe: Commercial HVAC Market- Revenue and Forecast Analysis - by Equipment Type
- 10.3.4 Europe: Commercial HVAC Market Breakdown, by Cooling Equipment Type
  - 10.3.4.1 Europe: Commercial HVAC Market- Revenue and Forecast Analysis - by Cooling Equipment Type
- 10.3.5 Europe: Commercial HVAC Market Breakdown, by Heating Equipment Type
  - 10.3.5.1 Europe: Commercial HVAC Market- Revenue and Forecast Analysis - by Heating Equipment Type
- 10.3.6 Europe: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
  - 10.3.6.1 Europe: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Equipment Type
- 10.3.7 Europe: Commercial HVAC Market Breakdown, by Ventilation Systems Type
  - 10.3.7.1 Europe: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Systems Type
- 10.3.8 Europe: Commercial HVAC Market Breakdown, by Implementation
  - 10.3.8.1 Europe: Commercial HVAC Market- Revenue and Forecast Analysis - by Implementation
- 10.3.9 Europe: Commercial HVAC Market Breakdown, by Application
  - 10.3.9.1 Europe: Commercial HVAC Market- Revenue and Forecast Analysis - by Application
- 10.3.10 Europe: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.3.10.1 Europe: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.3.10.2 United Kingdom: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.3.10.2.1 United Kingdom: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.3.10.2.2 United Kingdom: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.3.10.2.3 United Kingdom: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.3.10.2.4 United Kingdom: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.3.10.2.5 United Kingdom: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.3.10.2.6 United Kingdom: Commercial HVAC Market Breakdown, by Implementation
    - 10.3.10.2.7 United Kingdom: Commercial HVAC Market Breakdown, by Application
  - 10.3.10.3 Germany: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.3.10.3.1 Germany: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.3.10.3.2 Germany: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.3.10.3.3 Germany: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.3.10.3.4 Germany: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.3.10.3.5 Germany: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.3.10.3.6 Germany: Commercial HVAC Market Breakdown, by Implementation
    - 10.3.10.3.7 Germany: Commercial HVAC Market Breakdown, by Application
  - 10.3.10.4 France: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.3.10.4.1 France: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.3.10.4.2 France: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.3.10.4.3 France: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.3.10.4.4 France: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.3.10.4.5 France: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.3.10.4.6 France: Commercial HVAC Market Breakdown, by Implementation
    - 10.3.10.4.7 France: Commercial HVAC Market Breakdown, by Application
  - 10.3.10.5 Italy: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.3.10.5.1 Italy: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.3.10.5.2 Italy: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.3.10.5.3 Italy: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.3.10.5.4 Italy: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.3.10.5.5 Italy: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.3.10.5.6 Italy: Commercial HVAC Market Breakdown, by Implementation
    - 10.3.10.5.7 Italy: Commercial HVAC Market Breakdown, by Application
  - 10.3.10.6 Russia: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.3.10.6.1 Russia: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.3.10.6.2 Russia: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.3.10.6.3 Russia: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.3.10.6.4 Russia: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.3.10.6.5 Russia: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.3.10.6.6 Russia: Commercial HVAC Market Breakdown, by Implementation
    - 10.3.10.6.7 Russia: Commercial HVAC Market Breakdown, by Application
  - 10.3.10.7 Rest of Europe: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.3.10.7.1 Rest of Europe: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.3.10.7.2 Rest of Europe: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.3.10.7.3 Rest of Europe: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.3.10.7.4 Rest of Europe: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.3.10.7.5 Rest of Europe: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.3.10.7.6 Rest of Europe: Commercial HVAC Market Breakdown, by Implementation
    - 10.3.10.7.7 Rest of Europe: Commercial HVAC Market Breakdown, by Application
10.4 Asia Pacific
- 10.4.1 Asia Pacific Commercial HVAC Market Overview
- 10.4.2 Asia Pacific: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
- 10.4.3 Asia Pacific: Commercial HVAC Market Breakdown, by Equipment Type
  - 10.4.3.1 Asia Pacific: Commercial HVAC Market- Revenue and Forecast Analysis - by Equipment Type
- 10.4.4 Asia Pacific: Commercial HVAC Market Breakdown, by Cooling Equipment Type
  - 10.4.4.1 Asia Pacific: Commercial HVAC Market- Revenue and Forecast Analysis - by Cooling Equipment Type
- 10.4.5 Asia Pacific: Commercial HVAC Market Breakdown, by Heating Equipment Type
  - 10.4.5.1 Asia Pacific: Commercial HVAC Market- Revenue and Forecast Analysis - by Heating Equipment Type
- 10.4.6 Asia Pacific: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
  - 10.4.6.1 Asia Pacific: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Equipment Type
- 10.4.7 Asia Pacific: Commercial HVAC Market Breakdown, by Ventilation Systems Type
  - 10.4.7.1 Asia Pacific: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Systems Type
- 10.4.8 Asia Pacific: Commercial HVAC Market Breakdown, by Implementation
  - 10.4.8.1 Asia Pacific: Commercial HVAC Market- Revenue and Forecast Analysis - by Implementation
- 10.4.9 Asia Pacific: Commercial HVAC Market Breakdown, by Application
  - 10.4.9.1 Asia Pacific: Commercial HVAC Market- Revenue and Forecast Analysis - by Application
- 10.4.10 Asia Pacific: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.4.10.1 Asia Pacific: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.4.10.2 China: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.4.10.2.1 China: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.4.10.2.2 China: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.4.10.2.3 China: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.4.10.2.4 China: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.4.10.2.5 China: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.4.10.2.6 China: Commercial HVAC Market Breakdown, by Implementation
    - 10.4.10.2.7 China: Commercial HVAC Market Breakdown, by Application
  - 10.4.10.3 Japan: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.4.10.3.1 Japan: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.4.10.3.2 Japan: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.4.10.3.3 Japan: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.4.10.3.4 Japan: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.4.10.3.5 Japan: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.4.10.3.6 Japan: Commercial HVAC Market Breakdown, by Implementation
    - 10.4.10.3.7 Japan: Commercial HVAC Market Breakdown, by Application
  - 10.4.10.4 India: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.4.10.4.1 India: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.4.10.4.2 India: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.4.10.4.3 India: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.4.10.4.4 India: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.4.10.4.5 India: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.4.10.4.6 India: Commercial HVAC Market Breakdown, by Implementation
    - 10.4.10.4.7 India: Commercial HVAC Market Breakdown, by Application
  - 10.4.10.5 South Korea: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.4.10.5.1 South Korea: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.4.10.5.2 South Korea: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.4.10.5.3 South Korea: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.4.10.5.4 South Korea: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.4.10.5.5 South Korea: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.4.10.5.6 South Korea: Commercial HVAC Market Breakdown, by Implementation
    - 10.4.10.5.7 South Korea: Commercial HVAC Market Breakdown, by Application
  - 10.4.10.6 Australia: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.4.10.6.1 Australia: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.4.10.6.2 Australia: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.4.10.6.3 Australia: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.4.10.6.4 Australia: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.4.10.6.5 Australia: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.4.10.6.6 Australia: Commercial HVAC Market Breakdown, by Implementation
    - 10.4.10.6.7 Australia: Commercial HVAC Market Breakdown, by Application
  - 10.4.10.7 Rest of APAC: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.4.10.7.1 Rest of APAC: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.4.10.7.2 Rest of APAC: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.4.10.7.3 Rest of APAC: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.4.10.7.4 Rest of APAC: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.4.10.7.5 Rest of APAC: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.4.10.7.6 Rest of APAC: Commercial HVAC Market Breakdown, by Implementation
    - 10.4.10.7.7 Rest of APAC: Commercial HVAC Market Breakdown, by Application
10.5 Middle East and Africa
- 10.5.1 Middle East and Africa Commercial HVAC Market Overview
- 10.5.2 Middle East and Africa: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
- 10.5.3 Middle East and Africa: Commercial HVAC Market Breakdown, by Equipment Type
  - 10.5.3.1 Middle East and Africa: Commercial HVAC Market- Revenue and Forecast Analysis - by Equipment Type
- 10.5.4 Middle East and Africa: Commercial HVAC Market Breakdown, by Cooling Equipment Type
  - 10.5.4.1 Middle East and Africa: Commercial HVAC Market- Revenue and Forecast Analysis - by Cooling Equipment Type
- 10.5.5 Middle East and Africa: Commercial HVAC Market Breakdown, by Heating Equipment Type
  - 10.5.5.1 Middle East and Africa: Commercial HVAC Market- Revenue and Forecast Analysis - by Heating Equipment Type
- 10.5.6 Middle East and Africa: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
  - 10.5.6.1 Middle East and Africa: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Equipment Type
- 10.5.7 Middle East and Africa: Commercial HVAC Market Breakdown, by Ventilation Systems Type
  - 10.5.7.1 Middle East and Africa: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Systems Type
- 10.5.8 Middle East and Africa: Commercial HVAC Market Breakdown, by Implementation
  - 10.5.8.1 Middle East and Africa: Commercial HVAC Market- Revenue and Forecast Analysis - by Implementation
- 10.5.9 Middle East and Africa: Commercial HVAC Market Breakdown, by Application
  - 10.5.9.1 Middle East and Africa: Commercial HVAC Market- Revenue and Forecast Analysis - by Application
- 10.5.10 Middle East and Africa: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.5.10.1 Middle East and Africa: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.5.10.2 United Arab Emirates: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.5.10.2.1 United Arab Emirates: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.5.10.2.2 United Arab Emirates: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.5.10.2.3 United Arab Emirates: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.5.10.2.4 United Arab Emirates: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.5.10.2.5 United Arab Emirates: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.5.10.2.6 United Arab Emirates: Commercial HVAC Market Breakdown, by Implementation
    - 10.5.10.2.7 United Arab Emirates: Commercial HVAC Market Breakdown, by Application
  - 10.5.10.3 Saudi Arabia: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.5.10.3.1 Saudi Arabia: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.5.10.3.2 Saudi Arabia: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.5.10.3.3 Saudi Arabia: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.5.10.3.4 Saudi Arabia: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.5.10.3.5 Saudi Arabia: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.5.10.3.6 Saudi Arabia: Commercial HVAC Market Breakdown, by Implementation
    - 10.5.10.3.7 Saudi Arabia: Commercial HVAC Market Breakdown, by Application
  - 10.5.10.4 South Africa: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.5.10.4.1 South Africa: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.5.10.4.2 South Africa: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.5.10.4.3 South Africa: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.5.10.4.4 South Africa: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.5.10.4.5 South Africa: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.5.10.4.6 South Africa: Commercial HVAC Market Breakdown, by Implementation
    - 10.5.10.4.7 South Africa: Commercial HVAC Market Breakdown, by Application
  - 10.5.10.5 Rest of Middle East and Africa: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.5.10.5.1 Rest of Middle East and Africa: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.5.10.5.2 Rest of Middle East and Africa: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.5.10.5.3 Rest of Middle East and Africa: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.5.10.5.4 Rest of Middle East and Africa: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.5.10.5.5 Rest of Middle East and Africa: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.5.10.5.6 Rest of Middle East and Africa: Commercial HVAC Market Breakdown, by Implementation
    - 10.5.10.5.7 Rest of Middle East and Africa: Commercial HVAC Market Breakdown, by Application
10.6 South and Central America
- 10.6.1 South and Central America Commercial HVAC Market Overview
- 10.6.2 South and Central America: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
- 10.6.3 South and Central America: Commercial HVAC Market Breakdown, by Equipment Type
  - 10.6.3.1 South and Central America: Commercial HVAC Market- Revenue and Forecast Analysis - by Equipment Type
- 10.6.4 South and Central America: Commercial HVAC Market Breakdown, by Cooling Equipment Type
  - 10.6.4.1 South and Central America: Commercial HVAC Market- Revenue and Forecast Analysis - by Cooling Equipment Type
- 10.6.5 South and Central America: Commercial HVAC Market Breakdown, by Heating Equipment Type
  - 10.6.5.1 South and Central America: Commercial HVAC Market- Revenue and Forecast Analysis - by Heating Equipment Type
- 10.6.6 South and Central America: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
  - 10.6.6.1 South and Central America: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Equipment Type
- 10.6.7 South and Central America: Commercial HVAC Market Breakdown, by Ventilation Systems Type
  - 10.6.7.1 South and Central America: Commercial HVAC Market- Revenue and Forecast Analysis - by Ventilation Systems Type
- 10.6.8 South and Central America: Commercial HVAC Market Breakdown, by Implementation
  - 10.6.8.1 South and Central America: Commercial HVAC Market- Revenue and Forecast Analysis - by Implementation
- 10.6.9 South and Central America: Commercial HVAC Market Breakdown, by Application
  - 10.6.9.1 South and Central America: Commercial HVAC Market- Revenue and Forecast Analysis - by Application
- 10.6.10 South and Central America: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.6.10.1 South and Central America: Commercial HVAC Market - Revenue and Forecast Analysis - by Country
  - 10.6.10.2 Brazil: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.6.10.2.1 Brazil: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.6.10.2.2 Brazil: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.6.10.2.3 Brazil: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.6.10.2.4 Brazil: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.6.10.2.5 Brazil: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.6.10.2.6 Brazil: Commercial HVAC Market Breakdown, by Implementation
    - 10.6.10.2.7 Brazil: Commercial HVAC Market Breakdown, by Application
  - 10.6.10.3 Argentina: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.6.10.3.1 Argentina: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.6.10.3.2 Argentina: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.6.10.3.3 Argentina: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.6.10.3.4 Argentina: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.6.10.3.5 Argentina: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.6.10.3.6 Argentina: Commercial HVAC Market Breakdown, by Implementation
    - 10.6.10.3.7 Argentina: Commercial HVAC Market Breakdown, by Application
  - 10.6.10.4 Rest of South and Central America: Commercial HVAC Market - Revenue, 2021 - 2031 (US$ Million)
    - 10.6.10.4.1 Rest of South and Central America: Commercial HVAC Market Breakdown, by Equipment Type
    - 10.6.10.4.2 Rest of South and Central America: Commercial HVAC Market Breakdown, by Cooling Equipment Type
    - 10.6.10.4.3 Rest of South and Central America: Commercial HVAC Market Breakdown, by Heating Equipment Type
    - 10.6.10.4.4 Rest of South and Central America: Commercial HVAC Market Breakdown, by Ventilation Equipment Type
    - 10.6.10.4.5 Rest of South and Central America: Commercial HVAC Market Breakdown, by Ventilation Systems Type
    - 10.6.10.4.6 Rest of South and Central America: Commercial HVAC Market Breakdown, by Implementation
    - 10.6.10.4.7 Rest of South and Central America: Commercial HVAC Market Breakdown, by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Market Share Analysis, 2024

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.2 Mergers and Acquisitions

13. Company Profiles

13.1 Schneider Electric SE
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Carrier Global Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Daikin Industries Ltd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Honeywell International Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Johnson Controls International Plc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Danfoss AS
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Lennox International Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 LG Electronics Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Mitsubishi Electric Corp
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Samsung Electronics Co Ltd
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
13.11 Trane Technologies Plc
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
13.12 AAON Inc
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments

14. Appendix

14.1 Word Index
14.2 About the Insight Partners