HVAC market size to grow by USD 74.02 billion, Opportunities led by Arkema Group and Carrier Global Corp. - Technavio

NEW YORK, Dec. 6, 2022 /PRNewswire/ -- The HVAC market is fragmented due to the presence of international and regional vendors. Regional vendors are providing customized HVAC systems at lower prices than international vendors to increase their market presence. Although several new vendors are foraying into the market, they find it difficult to compete with international vendors in terms of quality, features, functionalities, and services. During the forecast period, the competitive environment in the market is likely to intensify with increasing product launches, technological innovations, and strategic mergers and acquisitions.

Technavio has announced its latest market research report titled Global HVAC Market 2023-2027
Technavio has announced its latest market research report titled Global HVAC Market 2023-2027

The HVAC market size is forecast to grow by USD 74.02 billion and grow at a CAGR of 6.5% from 2022 to 2027, according to Technavio.

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HVAC Market 2022-2026: Scope

The HVAC market report covers the following areas:

HVAC Market 2022-2026: Segmentation

  • Type

  • Geography

HVAC Market 2022-2026: Vendor Analysis

Arkema Group, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu General Ltd., Gree Electric, Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Melrose Industries Plc, MIDEA Group Co. Ltd., and Mitsubishi Electric Corp. are among some of the major market participants.

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What are the Key Data Covered in this HVAC Market Report?

  • CAGR of the market during the forecast period.

  • Detailed information on factors that will drive the growth of the HVAC market between 2023 and 2027

  • Precise estimation of the HVAC market size and its contribution to the parent market.

  • Accurate predictions about upcoming trends and changes in consumer behavior.

  • Growth of the industry across APAC, Europe, North America, Middle East and Africa, and South America.

  • Thorough analysis of the market's competitive landscape and detailed information about vendors.

  • Comprehensive analysis of factors that will challenge the growth of HVAC market vendors.

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Related Reports

  • The energy-efficient HVAC systems market size is expected to increase by USD 24.37 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.02%. The demand for reducing energy consumption and operating costs is notably driving the energy-efficient HVAC systems market growth, although factors such as the higher initial cost of energy-efficient HVAC systems may impede the market growth.

  • The HVAC terminal units market size is expected to be valued at USD 1.41 billion by 2026 with a progressing CAGR of 5.05%. The increase in construction activities is notably driving the HVAC terminal units market growth, although factors such as fluctuations in raw material prices may impede the market growth.

HVAC Market Scope

Report Coverage

Details

Page number

176

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.5%

Market growth 2023-2027

USD 74.02 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.93

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 53%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arkema Group, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu General Ltd., Gree Electric, Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Melrose Industries Plc, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Trane Technologies plc

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2022

  • 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

  • 4.1 Global HVAC market 2017 - 2021

  • 4.2 Geography Segment Analysis 2017 - 2021

  • 4.3 Type Segment Analysis 2017 - 2021

  • 4.4 End-user Segment Analysis 2017 - 2021

  • 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.2 Bargaining power of buyers

  • 5.3 Bargaining power of suppliers

  • 5.4 Threat of new entrants

  • 5.5 Threat of substitutes

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by Type

  • 6.1 Market segments

  • 6.2 Comparison by Type

  • 6.3 HVAC equipment - Market size and forecast 2022-2027

  • 6.4 HVAC services - Market size and forecast 2022-2027

  • 6.5 Market opportunity by Type

7 Market Segmentation by End-user

  • 7.1 Market segments

  • 7.2 Comparison by End-user

  • 7.3 Non-residential - Market size and forecast 2022-2027

  • 7.4 Residential - Market size and forecast 2022-2027

  • 7.5 Market opportunity by End-user

8 Customer Landscape

  • 8.1 Customer landscape overview

9 Geographic Landscape

  • 9.1 Geographic segmentation

  • 9.2 Geographic comparison

  • 9.3 APAC - Market size and forecast 2022-2027

  • 9.4 Europe - Market size and forecast 2022-2027

  • 9.5 North America - Market size and forecast 2022-2027

  • 9.6 Middle East and Africa - Market size and forecast 2022-2027

  • 9.7 South America - Market size and forecast 2022-2027

  • 9.8 China - Market size and forecast 2022-2027

  • 9.9 US - Market size and forecast 2022-2027

  • 9.10 Japan - Market size and forecast 2022-2027

  • 9.11 Germany - Market size and forecast 2022-2027

  • 9.12 UK - Market size and forecast 2022-2027

  • 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers

  • 10.2 Market challenges

  • 10.3 Impact of drivers and challenges

  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview

  • 11.2 Vendor landscape

  • 11.3 Landscape disruption

  • 11.4 Industry risks

12 Vendor Analysis

  • 12.1 Vendors covered

  • 12.2 Market positioning of vendors

  • 12.3 Arkema Group

  • 12.4 Carrier Global Corp.

  • 12.5 Daikin Industries Ltd.

  • 12.6 Danfoss AS

  • 12.7 Emerson Electric Co.

  • 12.8 Fujitsu General Ltd.

  • 12.9 Haier Smart Home Co. Ltd.

  • 12.10 Johnson Controls International Plc

  • 12.11 Lennox International Inc.

  • 12.12 LG Electronics Inc.

  • 12.13 MIDEA Group Co. Ltd.

  • 12.14 Panasonic Holdings Corp.

  • 12.15 Robert Bosch GmbH

  • 12.16 Samsung Electronics Co. Ltd.

  • 12.17 Trane Technologies plc

13 Appendix

  • 13.1 Scope of the report

  • 13.2 Inclusions and exclusions checklist

  • 13.3 Currency conversion rates for US$

  • 13.4 Research methodology

  • 13.5 List of abbreviations

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Global HVAC Market 2023-2027
Global HVAC Market 2023-2027
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