HVAC System Market Overview: Growth & Strategy

Published: 2025-07-14
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Author: lizeldesouza
Published in: Arts & Entertainment

MarkNtel Advisors recently published a detailed industry analysis of the Global HVAC System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global HVAC System Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The HVAC System Market size is valued at around USD 321 billion in 2024 and is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30.

Key Findings in Global HVAC System Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- Daikin Industries, Ltd., Carrier Global Corporation, LG Electronics Inc., Lennox International Inc., Mitsubishi Electric Corporation, Johnson Controls International plc, Samsung Electronics Co. Ltd., Rheem Manufacturing, Trane, Emerson Electric Co., Haier Smart Home, Nortek Air Managment, Hitachi, Fujitsu, Whirlpool

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global HVAC System industry?

Additional Features & Technological Advancements with Supportive Government Policies - The product is integrated with added features such as green-labeled, environmentally friendly, solar energy run, efficiency, etc., driving the market. Besides, the additional features and benefits such as low maintenance, independent control, device monitoring, automatic adjustments according to the surrounding weather and temperature, improved life, and lessened costs add to the market value. Additionally, the government of numerous countries introducing regulatory policies to facilitate the adoption of heating, ventilation, and cooling systems by providing benefits to the vendors and encouraging the consumer to shift to HVAC is also adding to industrial expansion. 

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What segments define the Global HVAC System Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Type

• • Single Split Systems- Market Size & Forecast 2019-2030, USD Million
  • Variable Refrigerant Flow (VRF) Systems- Market Size & Forecast 2019-2030, USD Million
  • Chillers- Market Size & Forecast 2019-2030, USD Million
  • Others (Multi-split Systems, and others) - Market Size & Forecast 2019-2030, USD Million

By Application

• • Commercial- Market Size & Forecast 2019-2030, USD Million
  • Residential- Market Size & Forecast 2019-2030, USD Million
  • Industrial- Market Size & Forecast 2019-2030, USD Million

According to report, Among the three, Commercial applications are projected to garner the most outstanding market share during the forthcoming years.

By Equipment Type

• • Cooling Equipment - Market Size & Forecast 2019-2030, USD Million
    • Unitary Air Conditioners- Market Size & Forecast 2019-2030, USD Million
    • Vrf Systems- Market Size & Forecast 2019-2030, USD Million
    • Chillers- Market Size & Forecast 2019-2030, USD Million
    • Room Air Conditioners- Market Size & Forecast 2019-2030, USD Million
    • Coolers- Market Size & Forecast 2019-2030, USD Million
    • Cooling Towers- Market Size & Forecast 2019-2030, USD Million
  • Heating Equipment- Market Size & Forecast 2019-2030, USD Million
    • Heat Pumps- Market Size & Forecast 2019-2030, USD Million
    • Furnaces- Market Size & Forecast 2019-2030, USD Million
    • Unitary Heaters- Market Size & Forecast 2019-2030, USD Million
    • Boilers- Market Size & Forecast 2019-2030, USD Million
  • Ventilation Equipment- Market Size & Forecast 2019-2030, USD Million
    • Air-Handling Units- Market Size & Forecast 2019-2030, USD Million
    • Air Filters- Market Size & Forecast 2019-2030, USD Million
    • Dehumidifiers- Market Size & Forecast 2019-2030, USD Million
    • Ventilation Fans- Market Size & Forecast 2019-2030, USD Million
    • Humidifiers- Market Size & Forecast 2019-2030, USD Million
    • Air Purifiers- Market Size & Forecast 2019-2030, USD Million

According to report, Among all, Unitary Air Conditioners are expected to experience the largest market acceleration in the forecast period owing to the vast requirement of such air-conditioners in different occasions such as events, conferences, and exhibitions.

By Implementation Type

• • Construction- Market Size & Forecast 2019-2030, USD Million
  • Retrofit- Market Size & Forecast 2019-2030, USD Million

Explore the Complete Global HVAC System Market Analysis Report – https://www.marknteladvisors.com/research-library/hvac-system-market.html

Geographical Analysis: Global HVAC System Market

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global HVAC System Market Recent Development:

• In December 2022, Siemens collaborated with Qualcomm to work on 5G smart buildings to improve energy efficiency.
• In July 2022, Carrier completed the acquisition of Toshiba’s global residential and light commercial HVAC business.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the HVAC System Market?
• How is the HVAC System Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/hvac-system-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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