The global HVAC Systems Market size is expected to reach USD 382.66 billion by 2030, registering a CAGR of 7.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.
The growing popularity of ductless HVAC (Heating,
ventilation, and air conditioning) is also gaining traction and will create
avenues for market growth over the mid-term. Installing ACs in buildings
without ducts is an impossible task and this is where ductless systems come to
save the day. These compact units can be installed almost anywhere devoid of
ducts. Apart from new product development energy-efficient and tech-savvy
products are also carving a niche for themselves in the market. For instance,
products that work on geothermal technologies or renewable energy sources are
helping consumers cut energy costs while benefitting OEMs meet sustainability
targets.
Apart from efficiency, technology is also making
this a lucrative market. Building automation systems are popular among
contractors and architects. Therefore, the demand for Building Automation
Systems (BAS) is gaining traction, as such creating avenues for the market.
Further, ACs are no longer operated manually but can be controlled remotely
with a smartphone, PC, or tablet. This functionality and smart
feature is also emerging as a popular trend in the market creating revenue
streams for manufacturers.
List of Key Players of HVAC Systems Market
- Carrier Corporation
- Daikin Industries, Ltd.
- Fujitsu
- Haier Group
- Havells India Ltd.
- Hitachi Ltd.
- Johnson Controls
- LG Electronics
- Lennox International Inc.
- Mitsubishi Electric Corporation
- Rheem Manufacturing Company
- SAMSUNG
- Trane
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summary: HVAC Systems Market Report
HVAC Systems Market Report Highlights
- Based on equipment, the heat pump equipment segment led the market
with the largest revenue share of 38.5% in 2024. The demand for heat pumps
is experiencing a notable surge driven by a growing emphasis on energy
efficiency, environmental sustainability, and a shift toward renewable
heating solutions.
- The demand for air purifiers is witnessing a robust increase as
concerns about indoor air quality and respiratory health grow worldwide.
Driven by factors such as rising pollution levels, allergens, and the ongoing
awareness of airborne viruses, consumers and businesses are increasingly
investing in air purification technologies.
- Based on end-use, the residential segment led the market with the
largest revenue share of 39.71% in 2024. Increasing multi-family and
individual homeowners is creating avenues for the residential HVAC
segment.
- The Asia Pacific HVAC systems market accounted for the largest
revenue share of 46.8% in 2024. Factors such as improving economic
conditions, rapid industrialization, and commercialization are anticipated
to positively impact the market growth.
HVAC Systems Market Segmentation
Grand View Research has segmented the global HVAC
systems market on the basis of on equipment, end-use, and region:
HVAC Systems Equipment Outlook (Revenue, USD
Billion, 2018 - 2030)
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Air Purifier
- Dehumidifier
- Air Handling Units
- Ventilation Fans
- Air Conditioning
- Chillers
- Cooling Towers
- Others
HVAC Systems End-use Outlook (Revenue, USD Billion,
2018 - 2030)
- Residential
- Commercial
- Industrial
HVAC Systems Region Outlook (Revenue, USD Billion,
2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Latvia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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Grand View Research, Inc
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