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THE GLOBAL HVAC MARKET SIZE WAS VALUED AT USD 225.50 BILLION IN 2022 AND IS EXPECTED TO REACH USD 309.62 BILLION BY 2028, GROWING AT A CAGR OF 5.43%.
The Global HVAC Market Size, Share, & Trends Analysis Report by
- Heating: Heat Pump, Boiler Units, Furnaces, and Others
- Ventilation: Air Handling Units, Air filters, Humidifiers & Dehumidifiers, Fan Coil Units, and Others
- Air Conditioning: RAC, CAC, Chillers, Heat Exchangers, Others
- End-user: Residential and Commercial (Airports & Public Utility, Office Spaces, Hospitality, Hospitals, Industrial & Others)
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2028
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
GLOBAL HVAC MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Market Size (2028) | USD 309.62 Billion |
| Market Size (2022) | USD 225.50 Billion |
| CAGR (2022-2028) | 5.43% |
| Base Year | 2022 |
| Forecast Year | 2023-2028 |
| Market Segments | Heating, Ventilation, Air Conditioning, End-user, Geography |
| Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
| KEY VENDORS | Systemair, Johnson Controls, Zehnder, Ostberg, Aldes, Bosch, Daikin, Samsung, and Mitsubishi Electric |
HVAC MARKET INSIGHTS
The global HVAC market was valued at USD 225.50 billion in 2022 and is projected to reach USD 309.62 billion by 2028, growing at a CAGR of 5.43% from 2022-2028. The global market is undergoing tremendous modifications due to the increasing integration of the Internet of Things (IoT) technology with HVAC products, making them innovative and accessible. The emphasis on connecting several sensors within building ecosystems, including HVAC, has grown for achieving energy efficiency.
In 2022, the major economies in APAC, including China, Japan, and India, witnessed increasing commercial construction activities due to an expanding number of companies in various sectors setting up their offices in distinct regions to capture the target and potential customer base. In the APAC region, the increasing demand for energy-efficient HVAC systems and stringent regulations for using explosion-proof HVAC equipment is boosting the adoption across industries. It will offer enormous growth opportunities in the HVAC market. Further, Middle East countries are witnessing drastic climate changes. Rising temperatures and heat waves increased the demand for HVAC systems in commercial and residential buildings to control indoor climate conditions, further propelling the HVAC market growth. Filtering can also improve indoor air quality and provide residents with comfort. Hence, these factors propel sales growth across the Middle East & Africa region during the forecast period.
The growth of infrastructural construction is set to speed up significantly post-2021. These infrastructural projects in Europe are estimated to reach a total investment of about USD 14.8 trillion. They are expected to be completed by 2040, creating a massive demand for HVAC at these locations in Europe and contributing to the HVAC market growth. Developed economies are adopting net zero strategies recommended by the International Energy Agency. For instance, countries like the UK and France have massive regulatory frameworks with binding targets for the building and construction sectors. Together, these sectors are responsible for over 30% of global energy consumption and nearly 40% of global carbon emissions. These factors have steered European construction companies to look for energy-efficient HVAC systems or low CO2 emitting systems that meet net-zero thresholds.
HVAC systems are a high priority for buildings to ensure thermal comfort. The following are the major requirements involved in HVAC systems:
- HVAC systems generally cost over 15% of the overall building equipment cost.
- In addition to the capital cost, HVAC systems contribute to the high operational cost; hence, it is prudent to choose energy-efficient products.
- While floor and space requirements are significant, choosing the right heating, ventilation, and cooling equipment is crucial.
MARKET TRENDS & DRIVERS
Replacement of Existing Equipment with Energy Efficient Products
In 2020, the commercial sector experienced the steepest decline due to the hard-hit hotel . Energy-efficient HVAC technologies for residential and commercial buildings have the potential to provide environmental and economic benefits. They are optimizing energy-efficient HVAC technologies, and proper installation planning helps. Therefore, replacing existing equipment with energy-efficient HVAC technologies will boost the growth rate of the HVAC market in the future.
Rising Construction Industry
In the long run, the construction industry globally is expected to experience steady growth due to the HVAC market in the construction sector.
The global HVAC market is highly dependent on the construction industry for revenue through new installations, whether residential or commercial. The refurbishment of buildings provides massive revenue to the HVAC industry. The industry witnessed increased public and private investments, mainly in countries such as Spain, Cyprus, Italy, and the Netherlands. In 2022, The Construction Intelligence Center (CIC) revised the growth forecast for the European construction industry. This was because of the improved performance of some significant developed city markets and a brighter outlook for the European economy.
SEGMENTATION ANALYSIS
INSIGHTS BY EQUIPMENT TYPE
HVAC commonly refers to heating, ventilation, cooling, collective heating, and cooling technologies used at commercial, residential, industrial, and public utility buildings. The heating equipment segment in the global HVAC market was valued at USD 91.06 billion in 2022 and is expected to reach USD 123.85 billion by 2028. The heating equipment industry is characterized by intense competition. The heating equipment is generally fragmented. Hence, the industry is characterized by many local/domestic vendors.
The air conditioning industry is characterized by the presence of many domestic and multinational vendors, and the industry is seasonal and characterized by modern technology. Air-conditioners are in the fastest-growing segment and have a vast addressable industry in developed and developing economies. APAC, Europe, and North America are expected to witness rapid growth in Air-conditioners by value because of higher construction activity and the demand for renovation activities.
INSIGHTS BY END-USER
The global residential sector HVAC market was valued at USD 135.63 billion in 2022 and is growing at a CAGR of 4.99% during the forecast period. The demand from the residential sector grew by over 5.63% due to an increase in the refurbishment of houses and stable residential new construction activities. The shift in housing preferences to large homes and the low-interest rates resulted in the increased demand for home improvements and new constructions. Many construction projects in the US provide the highest revenue to HVAC systems, and the demand is expected to increase during the forecast period. In Europe, climatic variations led to high demand for all product categories of HVAC in 2022. The demand for HVAC equipment in the Nordics varies drastically from mainland Europe. Construction activities in the region are highly concentrated in Western Europe, with a high demand for replacement.
GEOGRAPHICAL ANALYSIS
The APAC region holds the most extensive global HVAC market share. It is expected to witness a CAGR of 6.44% during the forecast period, buoyed by spiking demand from the residential sector, commercial offices, and buildings. The major economies in APAC, including China, Japan, and India, are witnessing increasing commercial construction activities due to an expanding number of companies in various sectors setting up their offices in distinct regions to capture the target and potential customer base. In 2022, China accounted for the largest revenue share of 43.73% of the APAC HVAC system market. It is estimated to witness an incremental growth of USD 21.81 billion during the forecast period. The China market is witnessing a spurt in multiple real estate projects and public-private investments in various residential, industrial, and commercial development zones because of the boom in urbanization.
The Europe HVAC Market was valued at USD 61.2 billion in 2022 and is expected to reach USD 86.49 billion by 2028, registering a CAGR of 5.92 % during the forecast period. This growth is mainly driven by Western European, the two largest economies. France and Germany account for one-third of the market and experienced annual growth rates of 4.72% & 5.93%, respectively, in the forecast period. Major factors spiking the sales rate for HVAC equipment in Europe are rising average construction spending, increasing retail building construction projects, rising government spending on sustainable building development, industrial developments, rapid urbanization, changing climatic conditions, and growth in disposable income across European countries.
In North America, the green building strategy is one of the significant stepping stones in the HVAC market. Eco-friendly buildings are designs and structures that use minimal energy to heat or cool the property. The builders are reworking the ventilation, heating, and cooling systems. They focus on bringing more natural airflow and using a sustainable building material that provides a constant building temperature to reduce the energy intake (consumption) of HVAC systems.
COMPETITIVE LANDSCAPE
Systemair, Johnson Controls, Zehnder, Ostberg, and Aldes are some of the key players in the global HVAC market. Other players operating in the global HVAC market include LG, Panasonic, Carrier, Regal, and others. The prominent vendors focus on developing advanced HVAC and investing in R&D initiatives to enlarge their product line and gain a competitive advantage in the market.
Other attractive prospects in the form of IoT are expected to change the industry's working as they connect all components and create an environment where the device operation can be managed efficiently using smart management solutions. Moreover, because of a highly competitive industry, R&D investments in the HVAC market are limited and have substantial investments, mainly from large vendors. Moreover, the short time-to-market and narrow acceptance of new technologies add to market challenges for HVAC vendors. R&D investments are more focused on cost reduction of the production process and improvement of the existing product technology for value addition than developing new products. As a result, a lot of mergers & acquisitions are taking place to develop and enhance the offerings and attributes to survive in the global HVAC market.
Frequently Asked Questions
How big is the HVAC market?
What is the growth rate of the global HVAC market?
What are the significant trends in the global HVAC market?
Who are the key players in the global HVAC market?
Which region holds the most prominent global HVAC market share?
What is the market size of the global Residential HVAC market?
The HVAC market was valued at USD 225.50 billion in 2022 and is expected to reach USD 309.62 billion by 2028.
The following factors are likely to contribute to the growth of the HVAC market during the forecast period:
- Rising Construction Industry
- Airport Modernization
- The Growing VRF Systems
Base Year: 2022
Forecast Year: 2023-2028
The report considers the present scenario of the HVAC market and its dynamics for 2023-2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
Key Company Profiles
- Systemair
- Business Overview
- Product Offerings
- Key Strengths
- Key Strategies
- Key Opportunities
- Johnson Controls
- Zehnder
- Ostberg
- Aldes
- Bosch
- Daikin
- Samsung
- Mitsubishi Electric
Other Prominent Vendors
- LG
- Business Overview
- Product Offerings
- Panasonic
- Carrier
- Midea
- Regal
- Raytheon Technologies
- Honeywell
- Flakt Group
- Beijer Ref
- Flexit
- Grundfos
- Swegon
- VTS
- Nuaire
- Nortek
- Alfa Laval
- Hitachi
- Lu-Ve
- Vent-Axia
- Rosenberg
- S & P
- WOLF
- CIAT
- AL-KO
- DynAIR
- Danfoss
- Lennox
- Backer Springfield
- Dunham-Bush
- TCL
- TROX
- Vaillant Group
- Ingersoll Rand
- Camfil
Segmentation by Equipment
- Heating
- Heat Pump
- Boiler Units
- Furnaces
- Others
- Air Conditioning
- RAC
- CAC
- Chillers
- Heat Exchangers
- Others
- Ventilation
- Air Handling Units
- Air filters
- Humidifiers & Dehumidifiers
- Fan Coil Units
- Others
Segmentation by End-user
- Residential
- Commercial
- Office Spaces
- Airport & Public Utilities
- Hospitality
- Hospitals
- Industrial & Others
Segmentation by Geography
- APAC
- China
- India
- Japan
- Australia
- North America
- US
- Canada
- Europe
- Western Europe
- Germany
- France
- UK
- Italy
- Netherlands
- Nordic
- Norway
- Denmark
- Sweden
- Others
- Central & Eastern Europe
- Russia
- Poland & Austria
- Other CEE Countries
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Western Europe
LIST OF EXHIBITS
EXHIBIT 1 SEGMENTATION OF GLOBAL HVAC MARKET
EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022
EXHIBIT 3 QUARTERLY REVIEW OF GLOBAL HVAC MARKET MARKET 2022
EXHIBIT 4 CHANGING TRENDS IN GLOBAL HVAC MARKET
EXHIBIT 5 STRUCTURED APPROACH TO PROFITABILITY GOAL
EXHIBIT 6 POLICY FRAMEWORK FOR HVAC EQUIPMENT
EXHIBIT 7 GLOBAL HOTEL CONSTRUCTION INSIGHTS 2021
EXHIBIT 8 VALUE CHAIN ANALYSIS OF GLOBAL HVAC MARKET
EXHIBIT 9 IMPACT OF REPLACEMENT OF EXISTING HVAC EQUIPMENT WITH ENERGY-EFFICIENT PRODUCTS
EXHIBIT 10 ENVIRONMENTAL IMPACT ASSOCIATED WITH CONVENTIONAL HVAC EQUIPMENT
EXHIBIT 11 TYPES OF ADVANCED ENERGY-EFFICIENT HVAC TECHNOLOGIES
EXHIBIT 12 IMPACT OF EMERGENCE OF IOT AND PRODUCT INNOVATIONS TO AID REPLACEMENTS
EXHIBIT 13 MODERN IOT SOLUTIONS FOR HVAC SYSTEMS
EXHIBIT 14 BENEFITS OF SMART HVAC SYSTEMS
EXHIBIT 15 IMPACT OF ADVERSE CLIMATIC CONDITIONS AND HIGH DEMAND FOR HVAC SYSTEMS
EXHIBIT 16 HIGHEST TEMPERATURES IN EUROPEAN COUNTRIES 2022 (DEGREE CELSIUS)
EXHIBIT 17 IMPACT OF GROWTH OF GLOBAL CONSTRUCTION INDUSTRY
EXHIBIT 18 UPCOMING GLOBAL RAILWAY INFRASTRUCTURE PROJECTS ACROSS EUROPE BY 2023 ($ BILLION)
EXHIBIT 19 FIVE LARGEST DATA CENTER CONSTRUCTION PROJECTS INITIATED IN EUROPE Q1 2022 ($ MILLION)
EXHIBIT 20 GLOBAL CONSTRUCTION PROJECTS DATA 2022
EXHIBIT 21 IMPACT OF SURGE IN AIRPORT MODERNIZATION PROJECTS WORLDWIDE
EXHIBIT 22 GLOBAL PASSENGER TRAFFIC PROJECTIONS BY AIRPORT COUNCIL INTERNATIONAL 2020–2025
EXHIBIT 23 PASSENGER TRAFFIC GROWTH IN EUROPEAN COUNTRIES MARCH 2022 (Y-O-Y GROWTH)
EXHIBIT 24 IMPACT OF RISE IN DEMAND FOR VRF SYSTEMS
EXHIBIT 25 KEY ADVANTAGES OF VARIABLE REFRIGERANT FLOW SYSTEMS
EXHIBIT 26 KEY HIGHLIGHTS OF VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS 2022
EXHIBIT 27 IMPACT OF LOW AVAILABILITY OF SKILLED LABOR
EXHIBIT 28 MEASURES IMPLEMENTED BY VARIOUS AGENCIES AND ORGANIZATIONS TO TACKLE LABOR SHORTAGE
EXHIBIT 29 IMPACT OF STRINGENT REGULATORY ENVIRONMENTS WORLDWIDE
EXHIBIT 30 FACTS ABOUT OPERATION THERMOSTAT
EXHIBIT 31 IMPACT OF IMPLICATIONS OF COVID-19 OUTBREAK
EXHIBIT 32 GLOBAL BUILDING SECTOR ENERGY CONSUMPTION GROWTH RATE 2022
EXHIBIT 33 GLOBAL HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 34 FIVE FORCES ANALYSIS 2022
EXHIBIT 35 INCREMENTAL GROWTH BY EQUIPMENT 2022 & 2028
EXHIBIT 36 GLOBAL HEAT PUMP SALES PERCENTAGE 2021
EXHIBIT 37 GLOBAL HEATING EQUIPMENT MARKET 2022–2028 ($ BILLION)
EXHIBIT 38 KEY GROWTH DRIVERS FOR HEAT PUMPS
EXHIBIT 39 GLOBAL HEAT PUMPS MARKET 2022–2028 ($ BILLION)
EXHIBIT 40 GLOBAL BOILER UNITS MARKET 2022–2028 ($ BILLION)
EXHIBIT 41 COOLING DEGREE DAYS IN US (NUMBER OF DEGREE DAYS) 2021
EXHIBIT 42 GLOBAL FURNACES MARKET 2022–2028 ($ BILLION)
EXHIBIT 43 GLOBAL OTHER HEATING EQUIPMENT MARKET: REVENUE ($ BILLION) 2022
EXHIBIT 44 GLOBAL OTHER HEATING EQUIPMENT MARKET 2022–2028 ($ BILLION)
EXHIBIT 45 GLOBAL DEMAND FOR AIR CONDITIONERS 2022–2028
EXHIBIT 46 GLOBAL AIR CONDITIONING EQUIPMENT MARKET 2022–2028 ($ BILLION)
EXHIBIT 47 GLOBAL RAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 48 GLOBAL CAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 49 APPLICATION OF CHILLERS IN COMMERICAL SECTOR
EXHIBIT 50 GLOBAL CHILLERS MARKET 2022–2028 ($ BILLION)
EXHIBIT 51 VARIOUS TYPES OF HEAT EXCHANGERS
EXHIBIT 52 GROWTH DRIVERS FOR HEAT EXCHANGERS SEGMENT
EXHIBIT 53 GLOBAL HEAT EXCHANGERS MARKET 2022–2028 ($ BILLION)
EXHIBIT 54 GLOBAL OTHER AIR CONDITIONING EQUIPMENT MARKET: REVENUE 2022 ($ BILLION)
EXHIBIT 55 GLOBAL OTHER AIR CONDITIONING EQUIPMENT MARKET 2022–2028 ($ BILLION)
EXHIBIT 56 VENTILATION EQUIPMENT: INCREMENTAL REVENUE GROWTH FOR MAJOR REGIONS 2022–2028 ($ BILLION)
EXHIBIT 57 GLOBAL VENTILATION EQUIPMENT MARKET 2022–2028 ($ BILLION)
EXHIBIT 58 GLOBAL AIR HANDLING UNITS MARKET: INCREMENTAL REVENUE GROWTH FOR MAJOR REGIONS 2022–2028 ($ BILLION)
EXHIBIT 59 GLOBAL AIR HANDLING UNITS MARKET 2022–2028 ($ BILLION)
EXHIBIT 60 GLOBAL AIR FILTERS MARKET: INCREMENTAL REVENUE GROWTH FOR MAJOR REGIONS 2022–2028 ($ BILLION)
EXHIBIT 61 GLOBAL AIR FILTERS MARKET 2022–2028 ($ BILLION)
EXHIBIT 62 GLOBAL HUMIDIFIERS & DEHUMIDIFIERS MARKET: INCREMENTAL REVENUE OF KEY REGIONS 2022–2028 ($ BILLION)
EXHIBIT 63 GLOBAL HUMIDIFIERS & DEHUMIDIFIERS MARKET 2022–2028 ($ BILLION)
EXHIBIT 64 GLOBAL FAN COIL UNITS MARKET: REVENUE 2022 ($ BILLION)
EXHIBIT 65 GLOBAL FAN COIL UNITS MARKET 2022–2028 ($ BILLION)
EXHIBIT 66 GLOBAL OTHER VENTILATION EQUIPMENT MARKET 2022–2028 ($ BILLION)
EXHIBIT 67 INCREMENTAL GROWTH BY END-USER 2022 & 2028 (VALUE)
EXHIBIT 68 GLOBAL RESIDENTIAL HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 69 CAGR FOR GLOBAL INFRASTRUCTURE DEVELOPMENT & CONSTRUCTION PROJECTS WORLDWIDE 2020–2030
EXHIBIT 70 Y-O-Y PERCENTAGE CHANGE IN CONSTRUCTION IN NETHERLANDS 2020–2022
EXHIBIT 71 GLOBAL COMMERCIAL SECTOR HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 72 US OFFICE BUILDING CONSTRUCTION PROJECTS 2022 ($ MILLION)
EXHIBIT 73 GLOBAL HVAC MARKET BY OFFICE SPACES 2022–2028 ($ BILLION)
EXHIBIT 74 FIVE LARGEST AIRPORT INFRASTRUCTURE CONSTRUCTION IN APAC 2021 ($ MILLION)
EXHIBIT 75 GLOBAL HVAC MARKET BY AIRPORTS & PUBLIC UTILITIES 2022–2028 ($ BILLION)
EXHIBIT 76 FIVE LARGEST HOTEL CONSTRUCTION PROJECTS IN APAC 2022 ($ MILLION)
EXHIBIT 77 GLOBAL HVAC MARKET BY HOSPITALITY 2022–2028 ($ BILLION)
EXHIBIT 78 FIVE LARGEST HOSPITAL CONSTRUCTION PROJECTS IN NORTH AMERICA 2022 ($ MILLION)
EXHIBIT 79 GLOBAL HVAC MARKET BY HOSPITALS 2022–2028 ($ BILLION)
EXHIBIT 80 GLOBAL HVAC MARKET BY INDUSTRIAL AND OTHER END USERS 2022–2028 ($ BILLION)
EXHIBIT 81 INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028 (VALUE)
EXHIBIT 82 GLOBAL HVAC MARKET BY GEOGRAPHY: REVENUE SHARE AND CAGR 2022
EXHIBIT 83 VALUE OF CONSTRUCTION ACTIVITIES IN EUROPE 2020 ($ BILLION)
EXHIBIT 84 ENVIRONMENTAL REGULATIONS FOR HVAC IN APAC
EXHIBIT 85 TOP COUNTRIES WITH MULTI-FAMILY HOUSING CONSTRUCTION PROJECTS ($ MILLION)
EXHIBIT 86 APAC: REVENUE INCREMENT OVERVIEW OF COMMERCIAL APPLICATIONS 2022–2028 ($ BILLION)
EXHIBIT 87 INCREMENTAL REVENUE OF KEY APAC COUNTRIES 2022–2028 ($ BILLION)
EXHIBIT 88 APAC HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 89 INCREMENTAL GROWTH BY APAC 2022 & 2028 (VALUE)
EXHIBIT 90 CHINA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 91 RESIDENTIAL & NON-RESIDENTIAL CONSTRUCTION OUTPUT IN JAPAN 2020–2022 (% CHANGE Y-O-Y)
EXHIBIT 92 FIVE LARGEST CONSTRUCTION PROJECTS IN JAPAN 2022 ($ MILLION)
EXHIBIT 93 JAPAN HVAC MARKET 202–2028 ($ BILLION)
EXHIBIT 94 LARGEST CONSTRUCTION PROJECTS INITIATED IN INDIA 2022
EXHIBIT 95 INDIA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 96 OFFICE BUILDING CONSTRUCTION PROJECTS IN AUSTRALIA 2022
EXHIBIT 97 NEW HOME BUILDING STATISTICS IN AUSTRALIA 2020–2025 (IN ‘000)
EXHIBIT 98 AUSTRALIA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 99 RETAIL BUILDING CONSTRUCTION PROJECTS IN EUROPE 2022
EXHIBIT 100 INCREMENTAL REVENUE OF KEY WEST EUROPE COUNTRIES 2022–2028 ($ BILLION)
EXHIBIT 101 DEMAND FOR AIR CONDITIONERS IN EUROPE 2021 (MILLION UNITS)
EXHIBIT 102 WESTERN EUROPE HVAC MARKET 2022–2028 ($BILLION)
EXHIBIT 103 INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028 (VALUE)
EXHIBIT 104 GERMANY HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 105 FRANCE HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 106 UK HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 107 CONSUMPTION OF HVAC EQUIPMENT IN CONSTRUCTION INDUSTRY 2019
EXHIBIT 108 ITALY HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 109 NETHERLANDS HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 110 CONSTRUCTION OF APARTMENTS & SMALL HOUSES IN SWEDEN 2016–2022 ($ BILLION)
EXHIBIT 111 NORDIC HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 112 INCREMENTAL GROWTH IN NORDIC 2022 & 20228(VALUE)
EXHIBIT 113 NORWAY HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 114 DENMARK HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 115 SWEDEN HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 116 OTHER NORDIC COUNTRIES HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 117 INCREMENTAL REVENUE OF CEE HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 118 CEE HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 119 INCREMENTAL GROWTH IN CEE 2022 & 2028
EXHIBIT 120 RUSSIA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 121 POLAND & AUSTRIA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 122 HVAC MARKET IN OTHER CEE COUNTRIES 2022–2028 ($ BILLION)
EXHIBIT 123 REVENUE SHARE OF KEY COUNTRIES IN NORTH AMERICA HVAC MARKET 2022
EXHIBIT 124 FIVE LARGEST LEISURE AND HOSPITALITY BUILDING CONSTRUCTION PROJECTS IN NORTH AMERICA 2022
EXHIBIT 125 NORTH AMERICA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 126 INCREMENTAL GROWTH IN NORTH AMERICA 2022 & 2028 (VALUE)
EXHIBIT 127 US HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 128 INVESTMENTS IN NON-RESIDENTIAL BUILDING CONSTRUCTION PROJECTS IN CANADA: JUNE 2022 ($ MILLION)
EXHIBIT 129 NUMBER OF HVAC SYSTEM CONTRACTS ESTABLISHED IN CANADA 2020
EXHIBIT 130 RESIDENTIAL & NON-RESIDENTIAL CONSTRUCTION OUTLOOK IN CANADA: JULY 2021
EXHIBIT 131 CANADA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 132 VALUE OF LATIN AMERICAN CONSTRUCTION INDUSTRY 2022 ($ BILLION)
EXHIBIT 133 INCREMENTAL REVENUE OF KEY LATIN AMERICA COUNTRIES 2022–2028 ($ BILLION)
EXHIBIT 134 LATIN AMERICA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 135 INCREMENTAL GROWTH IN LATIN AMERICA 2022 & 2028 (VALUE)
EXHIBIT 136 BRAZIL HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 137 MEXICO CONSTRUCTION OUTLOOK 2020–2022 (% CHANGE Y-O-Y)
EXHIBIT 138 MEXICO HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 139 ARGENTINA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 140 INCREMENTAL REVENUE OF KEY COUNTRIES IN MIDDLE EAST & AFRICA 2022–2028 ($ BILLION)
EXHIBIT 141 MIDDLE EAST & AFRICA HVAC MARKET 2022-2028 ($ BILLION)
EXHIBIT 142 INCREMENTAL GROWTH IN MEA 2022 & 2028 (VALUE)
EXHIBIT 143 SAUDI ARABIAN AVIATION CONSTRUCTION PROJECTS 2022
EXHIBIT 144 SAUDI ARABIA HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 145 UAE RESIDENTIAL SECTOR OUTLOOK 2021
EXHIBIT 146 UAE OFFICE SPACE OUTLOOK 2021
EXHIBIT 147 UAE HVAC MARKET 2022–2028 ($ BILLION)
EXHIBIT 148 SOUTH AFRICA HVAC MARKET 2022–2028 ($ BILLION)
LIST OF TABLES
TABLE 1 KEY CAVEATS
TABLE 2 CURRENCY CONVERSION 2015−2022
TABLE 3 HEATING DEGREE DAYS IN EUROPEAN COUNTRIES 2020–2021
TABLE 4 COOLING DEGREE DAYS IN EUROPEAN COUNTRIES 2020–2021
TABLE 5 GLOBAL HEATING EQUIPMENT MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)
TABLE 6 GLOBAL AIR CONDITIONING EQUIPMENT MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)
TABLE 7 GLOBAL VENTILATION EQUIPMENT MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)
TABLE 8 US RESIDENTIAL CONSTRUCTION DATA 2022
TABLE 9 GLOBAL RESIDENTIAL SECTOR HVAC MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)
TABLE 10 OFFICE COMPLEX BUILDING CONSTRUCTION PROJECTS INITIATED IN INDIA 2022
TABLE 11 GLOBAL COMMERCIAL SECTOR HVAC MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)
TABLE 12 FIVE LARGEST INDUSTRIAL CONSTRUCTION PROJECTS IN NORTH AMERICA 2022 ($ MILLION)
TABLE 13 UPCOMING OFFICE BUILDING CONSTRUCTION PROJECTS IN APAC 2021 ($ MILLION)
TABLE 14 APAC HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 15 APAC HVAC MARKET BY HEATING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 16 APAC HVAC MARKET BY AIR CONDITIONING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 17 APAC HVAC MARKET BY VENTILATION EQUIPMENT 2022–2028 ($ BILLION)
TABLE 18 APAC HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 19 APAC HVAC MARKET BY COMMERCIAL APPLICATION 2022–2028 ($ BILLION)
TABLE 20 FIVE LARGEST CONSTRUCTION PROJECTS INITIATED IN CHINA
TABLE 21 UPCOMING APARTMENT PROJECTS IN JAPAN 2022–2023
TABLE 22 BUILDING APPROVALS IN AUSTRALIA (IN UNITS) 2022
TABLE 23 EUROPE HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 24 EUROPE HVAC MARKET BY HEATING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 25 EUROPE HVAC MARKET BY AIR CONDITIONING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 26 EUROPE HVAC MARKET BY VENTILATION EQUIPMENT 2022–2028 ($ BILLION)
TABLE 27 EUROPE HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 28 EUROPE HVAC MARKET BY COMMERICAL APPLICATION 2022–2028 ($ BILLION)
TABLE 29 WESTERN EUROPE HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 30 WESTERN EUROPE HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 31 NORDIC HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 32 NORDIC HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 33 CEE HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 34 CEE HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 35 NORTH AMERICA HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 36 NORTH AMERICA HVAC MARKET BY HEATING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 37 NORTH AMERICA HVAC MARKET BY AIR CONDITIONING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 38 NORTH AMERICA HVAC MARKET BY VENTILATION EQUIPMENT 2022–2028 ($ BILLION)
TABLE 39 NORTH AMERICA HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 40 NORTH AMERICA HVAC MARKET BY COMMERICAL APPLICATION 2022–2028 ($ BILLION)
TABLE 41 HVAC INSTALLATION COST IN US JULY 2022
TABLE 42 HEATING DEGREE DAYS IN US REGIONS 2021
TABLE 43 COOLING DEGREE DAYS IN US REGIONS 2021
TABLE 44 PRIVATE & GOVERNMENT OFFICE BUILDING CONSTRUCTION PROJECTS IN CANADA 2021
TABLE 45 LATIN AMERICA HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 46 LATIN AMERICA HVAC MARKET BY HEATING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 47 LATIN AMERICA HVAC MARKET BY AIR CONDITIONING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 48 LATIN AMERICA HVAC MARKET BY VENTILATION EQUIPMENT 2022–2028 ($ BILLION)
TABLE 49 LATIN AMERICA HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 50 LATIN AMERICA HVAC MARKET BY COMMERCIAL APPLICATION 2022–2028 ($ BILLION)
TABLE 51 MIDDLE EAST & AFRICA HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 52 MIDDLE EAST & AFRICA HVAC MARKET BY HEATING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 53 MIDDLE EAST & AFRICA HVAC MARKET BY AIR CONDITIONING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 54 MIDDLE EAST & AFRICA HVAC MARKET BY VENTILATION EQUIPMENT 2022–2028 ($ BILLION)
TABLE 55 MIDDLE EAST & AFRICA HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 56 MIDDLE EAST & AFRICA HVAC MARKET BY COMMERCIAL APPLICATION 2022–2028 ($ BILLION)
TABLE 57 SYSTEMAIR: MAJOR PRODUCT OFFERINGS
TABLE 58 JOHNSON CONTROLS: MAJOR PRODUCT OFFERINGS
TABLE 59 ZEHNDER: MAJOR PRODUCT OFFERINGS
TABLE 60 OSTBERG: MAJOR PRODUCT OFFERINGS
TABLE 61 ALDES: MAJOR PRODUCT OFFERINGS
TABLE 62 BOSCH: MAJOR PRODUCT OFFERINGS
TABLE 63 DAIKIN: MAJOR PRODUCT OFFERINGS
TABLE 64 SAMSUNG: MAJOR PRODUCT OFFERINGS
TABLE 65 MITSUBISHI ELECTRIC: MAJOR PRODUCT OFFERINGS
TABLE 66 LG: MAJOR PRODUCT OFFERINGS
TABLE 67 PANASONIC: MAJOR PRODUCT OFFERINGS
TABLE 68 CARRIER: MAJOR PRODUCT OFFERINGS
TABLE 69 MIDEA: MAJOR PRODUCT OFFERINGS
TABLE 70 REGAL REXNORD CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 71 RAYTHEON TECHNOLOGIES CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 72 HONEYWELL: MAJOR PRODUCT OFFERINGS
TABLE 73 FLAKT GROUP: MAJOR PRODUCT OFFERINGS
TABLE 74 BEIJER REF: MAJOR PRODUCT OFFERINGS
TABLE 75 FLEXIT: MAJOR PRODUCT OFFERINGS
TABLE 76 GRUNDFOS: MAJOR PRODUCT OFFERINGS
TABLE 77 SWEGON: MAJOR PRODUCT OFFERINGS
TABLE 78 VTS: MAJOR PRODUCT OFFERINGS
TABLE 79 NUAIRE: MAJOR PRODUCT OFFERINGS
TABLE 80 NORTEK: MAJOR PRODUCT OFFERINGS
TABLE 81 ALFA LAVAL: MAJOR PRODUCT OFFERINGS
TABLE 82 HITACHI: MAJOR PRODUCT OFFERINGS
TABLE 83 LU-VE: MAJOR PRODUCT OFFERINGS
TABLE 84 VENT-AXIA: MAJOR PRODUCT OFFERINGS
TABLE 85 ROSENBERG: MAJOR PRODUCT OFFERINGS
TABLE 86 S & P: MAJOR PRODUCT OFFERINGS
TABLE 87 WOLF: MAJOR PRODUCT OFFERINGS
TABLE 88 CIAT: MAJOR PRODUCT OFFERINGS
TABLE 89 AL-KO: MAJOR PRODUCT OFFERINGS
TABLE 90 DYNAIR: MAJOR PRODUCT OFFERINGS
TABLE 91 DANFOSS: MAJOR PRODUCT OFFERINGS
TABLE 92 LENNOX: MAJOR PRODUCT OFFERINGS
TABLE 93 BACKER SPRINGFIELD: MAJOR PRODUCT OFFERINGS
TABLE 94 DUNHAMBUSH: MAJOR PRODUCT OFFERINGS
TABLE 95 TCL: MAJOR PRODUCT OFFERINGS
TABLE 96 TROX: MAJOR PRODUCT OFFERINGS
TABLE 97 VAILLANT: MAJOR PRODUCT OFFERINGS
TABLE 98 INGERSOLL RAND: MAJOR PRODUCT OFFERINGS
TABLE 99 CAMFIL: MAJOR PRODUCT OFFERINGS
TABLE 100 GLOBAL HVAC MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)
TABLE 101 GLOBAL HVAC MARKET BY EQUIPMENT 2022–2028 ($ BILLION)
TABLE 102 GLOBAL HVAC MARKET BY AIR CONDITIONING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 103 GLOBAL HVAC MARKET BY HEATING EQUIPMENT 2022–2028 ($ BILLION)
TABLE 104 GLOBAL HVAC MARKET BY VENTILATION EQUIPMENT 2022–2028 ($ BILLION)
TABLE 105 GLOBAL HVAC MARKET BY END USER 2022–2028 ($ BILLION)
TABLE 106 GLOBAL HVAC MARKET BY COMMERCIAL APPLICATION 2022−2028 ($ BILLION)
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF STUDY
4.4 MARKET SEGMENTATION
4.4.1 MARKET SEGMENTATION BY EQUIPMENT
4.4.2 MARKET SEGMENTATION BY HEATING EQUIPMENT
4.4.3 MARKET SEGMENTATION BY AIR CONDITIONING EQUIPMENT
4.4.4 MARKET SEGMENTATION BY VENTILATION EQUIPMENT
4.4.5 MARKET SEGMENTATION BY END USER
4.4.6 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
8.1.1 ADVANTAGES OF SMART HVAC SYSTEMS
8.1.2 DISADVANTAGES OF SMART HVAC SYSTEMS
8.1.3 INITIATIVES FOR BETTER RISK MANAGEMENT
8.1.4 MEASURES TO IMPROVE PROFIT MARGINS
8.1.5 CHALLENGES ASSOCIATED WITH HVAC SYSTEMS FOR RESIDENTIAL AND COMMERICAL USE
8.1.6 RECENT MERGERS & ACQUISITIONS AND PRODUCT DEVELOPMENT INITIATIVES
8.1.7 DEVELOPMENT OF ENVIRONMENT-FRIENDLY HVAC EQUIPMENT
8.1.8 IMPACT OF RESIDENTIAL CONSTRUCTION PROJECTS
8.1.9 IMPACT OF NON-RESIDENTIAL CONSTRUCTION PROJECTS
8.1.10 CHALLENGES ASSOCIATED WITH HVAC EQUIPMENT FOR RESIDENTIAL AND COMMERICAL USE
8.2 VALUE CHAIN
8.2.1 RAW MATERIAL SUPPLIERS & COMPONENTS
8.2.2 MANUFACTURERS
8.2.3 DEALERS /DISTRIBUTORS
8.2.4 RETAILERS
8.2.5 END USERS
8.3 IMPACT OF COVID-19
9 MARKET OPPORTUNITY & TRENDS
9.1 REPLACEMENT OF EXISTING HVAC EQUIPMENT WITH ENERGY-EFFICIENT PRODUCTS
9.2 EMERGENCE OF IOT AND PRODUCT INNOVATIONS TO AID REPLACEMENTS
9.3 ADVERSE CLIMATIC CONDITIONS & HIGH DEMAND FOR HVAC SYSTEMS
10 MARKET GROWTH ENABLERS
10.1 GROWTH OF GLOBAL CONSTRUCTION INDUSTRY
10.2 SURGE IN AIRPORT MODERNIZATION PROJECTS WORLDWIDE
10.3 RISE IN DEMAND FOR VRF SYSTEMS
11 MARKET RESTRAINTS
11.1 LOW AVAILABILITY OF SKILLED LABOR
11.2 STRINGENT REGULATORY ENVIRONMENTS WORLDWIDE
11.3 IMPLICATIONS OF COVID-19 OUTBREAK
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.1.1 HIGHLIGHTS
12.2 MARKET SIZE & FORECAST
12.2.1 VALUE
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 EQUIPMENT
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.2.1 KEY INSIGHTS
13.3 HEATING
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.3.4 HEAT PUMPS: MARKET SIZE & FORECAST
13.3.5 BOILER UNITS: MARKET SIZE & FORECAST
13.3.6 FURNACES: MARKET SIZE & FORECAST
13.3.7 OTHER HEATING EQUIPMENT: MARKET SIZE & FORECAST
13.4 AIR CONDITIONING
13.4.1 MARKET OVERVIEW
13.4.2 KEY TAKEAWAYS
13.4.3 MARKET BY GEOGRAPHY
13.4.4 RAC: MARKET SIZE & FORECAST
13.4.5 CAC: MARKET SIZE & FORECAST
13.4.6 CHILLERS: MARKET SIZE & FORECAST
13.4.7 HEAT EXCHANGER: MARKET SIZE & FORECAST (INCLUDES COOLING TOWERS)
13.4.8 OTHER AIR CONDITIONING EQUIPMENT: MARKET SIZE & FORECAST
13.5 VENTILATION
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.5.4 AIR HANDLING UNITS: MARKET SIZE & FORECAST
13.5.5 AIR FILTERS: MARKET SIZE & FORECAST
13.5.6 HUMIDIFIERS & DEHUMIDIFIERS: MARKET SIZE & FORECAST
13.5.7 FAN COIL UNITS: MARKET SIZE & FORECAST
13.5.8 OTHER VENTILATION EQUIPMENT: MARKET SIZE & FORECAST
14 END USER
14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
14.2 MARKET OVERVIEW
14.3 RESIDENTIAL
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 COMMERCIAL
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.4.4 OFFICE SPACES: MARKET SIZE & FORECAST
14.4.5 AIRPORTS & PUBLIC UTILITIES: MARKET SIZE & FORECAST
14.4.6 HOSPITALITY: MARKET SIZE & FORECAST
14.4.7 HOSPITALS: MARKET SIZE & FORECAST
14.4.8 INDUSTRIAL AND OTHERS: MARKET SIZE & FORECAST
15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
15.2 GEOGRAPHY OVERVIEW
16 APAC
16.1 MARKET OVERVIEW
16.1.1 GROWTH FACTORS:
16.2 MARKET SIZE & FORECAST
16.3 EQUIPMENT
16.3.1 MARKET SIZE & FORECAST
16.4 HEATING
16.4.1 MARKET SIZE & FORECAST
16.5 AIR CONDITIONING
16.5.1 MARKET SIZE & FORECAST
16.6 VENTILATION
16.6.1 MARKET SIZE & FORECAST
16.7 END USER
16.7.1 MARKET SIZE & FORECAST
16.8 COMMERCIAL APPLICATION
16.8.1 MARKET SIZE & FORECAST
16.9 KEY COUNTRIES
16.9.1 CHINA: MARKET SIZE & FORECAST
16.9.2 JAPAN: MARKET SIZE & FORECAST
16.9.3 INDIA: MARKET SIZE & FORECAST
16.9.4 AUSTRALIA: MARKET SIZE & FORECAST
17 EUROPE
17.1 MARKET OVERVIEW
17.2 EQUIPMENT
17.2.1 MARKET SIZE & FORECAST
17.3 HEATING
17.3.1 MARKET SIZE & FORECAST
17.4 AIR CONDITIONING
17.4.1 MARKET SIZE & FORECAST
17.5 VENTILATION
17.5.1 MARKET SIZE & FORECAST
17.6 END USER
17.6.1 MARKET SIZE & FORECAST
17.7 COMMERCIAL APPLICATION
17.7.1 MARKET SIZE & FORECAST
18 WESTERN EUROPE
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 EQUIPMENT
18.3.1 MARKET SIZE & FORECAST
18.4 END USER
18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.5.1 GERMANY: MARKET SIZE & FORECAST
18.5.2 FRANCE: MARKET SIZE & FORECAST
18.5.3 UK: MARKET SIZE & FORECAST
18.5.4 ITALY: MARKET SIZE & FORECAST
18.5.5 NETHERLANDS: MARKET SIZE & FORECAST
19 NORDIC
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 EQUIPMENT
19.3.1 MARKET SIZE & FORECAST
19.4 END USER
19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.5.1 NORWAY: MARKET SIZE & FORECAST
19.5.2 DENMARK: MARKET SIZE & FORECAST
19.5.3 SWEDEN: MARKET SIZE & FORECAST
19.5.4 OTHER NORDIC COUNTRIES: MARKET SIZE & FORECAST
20 CENTRAL & EASTERN EUROPE (CEE)
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 EQUIPMENT
20.3.1 MARKET SIZE & FORECAST
20.4 END USER
20.4.1 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.5.1 RUSSIA: MARKET SIZE & FORECAST
20.5.2 POLAND & AUSTRIA: MARKET SIZE & FORECAST
20.5.3 OTHER CEE COUNTRIES: MARKET SIZE & FORECAST
21 NORTH AMERICA
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 EQUIPMENT
21.3.1 MARKET SIZE & FORECAST
21.4 HEATING
21.4.1 MARKET SIZE & FORECAST
21.5 AIR CONDITIONING
21.5.1 MARKET SIZE & FORECAST
21.6 VENTILATION
21.6.1 MARKET SIZE & FORECAST
21.7 END USER
21.7.1 MARKET SIZE & FORECAST
21.8 COMMERCIAL APPLICATION
21.8.1 MARKET SIZE & FORECAST
21.9 KEY COUNTRIES
21.10 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
21.10.1 US: MARKET SIZE & FORECAST
21.10.2 CANADA: MARKET SIZE & FORECAST
22 LATIN AMERICA
22.1 MARKET OVERVIEW
22.2 MARKET SIZE & FORECAST
22.3 EQUIPMENT
22.3.1 MARKET SIZE & FORECAST
22.4 HEATING
22.4.1 MARKET SIZE & FORECAST
22.5 AIR CONDITIONING
22.5.1 MARKET SIZE & FORECAST
22.6 VENTILATION
22.6.1 MARKET SIZE & FORECAST
22.7 END USER
22.7.1 MARKET SIZE & FORECAST
22.8 COMMERCIAL APPLICATION
22.8.1 MARKET SIZE & FORECAST
22.9 KEY COUNTRIES
22.10 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
22.10.1 BRAZIL: MARKET SIZE & FORECAST
22.10.2 MEXICO: MARKET SIZE & FORECAST
22.10.3 ARGENTINA: MARKET SIZE & FORECAST
23 MIDDLE EAST & AFRICA
23.1 MARKET OVERVIEW
23.2 MARKET SIZE & FORECAST
23.3 EQUIPMENT
23.3.1 MARKET SIZE & FORECAST
23.4 HEATING
23.4.1 MARKET SIZE & FORECAST
23.5 AIR CONDITIONING
23.5.1 MARKET SIZE & FORECAST
23.6 VENTILATION
23.6.1 MARKET SIZE & FORECAST
23.7 END USER
23.7.1 MARKET SIZE & FORECAST
23.8 COMMERCIAL APPLICATION
23.8.1 MARKET SIZE & FORECAST
23.9 KEY COUNTRIES
23.10 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
23.10.1 SAUDI ARABIA: MARKET SIZE & FORECAST
23.10.2 UAE: MARKET SIZE & FORECAST
23.10.3 SOUTH AFRICA: MARKET SIZE & FORECAST
24 COMPETITIVE LANDSCAPE
24.1 COMPETITION OVERVIEW
25 KEY COMPANY PROFILES
25.1 SYSTEMAIR
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.1.3 KEY STRATEGIES
25.1.4 KEY STRENGTHS
25.1.5 KEY OPPORTUNITIES
25.2 JOHNSON CONTROLS
25.2.1 BUSINESS OVERVIEW
25.2.2 PRODUCT OFFERINGS
25.2.3 KEY STRATEGIES
25.2.4 KEY STRENGTHS
25.2.5 KEY OPPORTUNITIES
25.3 ZEHNDER
25.3.1 BUSINESS OVERVIEW
25.3.2 PRODUCT OFFERINGS
25.3.3 KEY STRATEGIES
25.3.4 KEY STRENGTHS
25.3.5 KEY OPPORTUNITIES
25.4 OSTBERG
25.4.1 BUSINESS OVERVIEW
25.4.2 PRODUCT OFFERINGS
25.4.3 KEY STRATEGIES
25.4.4 KEY STRENGTHS
25.4.5 KEY OPPORTUNITIES
25.5 ALDES
25.5.1 BUSINESS OVERVIEW
25.5.2 PRODUCT OFFERINGS
25.5.3 KEY STRATEGIES
25.5.4 KEY STRENGTHS
25.5.5 KEY OPPORTUNITIES
25.6 BOSCH
25.6.1 BUSINESS OVERVIEW
25.6.2 PRODUCT OFFERINGS
25.6.3 KEY STRATEGIES
25.6.4 KEY STRENGTHS
25.6.5 KEY OPPORTUNITIES
25.7 DAIKIN
25.7.1 BUSINESS OVERVIEW
25.7.2 PRODUCT OFFERINGS
25.7.3 KEY STRATEGIES
25.7.4 KEY STRENGTHS
25.7.5 KEY OPPORTUNITIES
25.8 SAMSUNG
25.8.1 BUSINESS OVERVIEW
25.8.2 PRODUCT OFFERINGS
25.8.3 KEY STRATEGIES
25.8.4 KEY STRENGTHS
25.8.5 KEY OPPORTUNITIES
25.9 MITSUBISHI ELECTRIC
25.9.1 BUSINESS OVERVIEW
25.9.2 PRODUCT OFFERINGS
25.9.3 KEY STRATEGIES
25.9.4 KEY STRENGTHS
25.9.5 KEY OPPORTUNITIES
26 OTHER PROMINENT VENDORS
26.1 LG
26.1.1 BUSINESS OVERVIEW
26.1.2 PRODUCT OFFERINGS
26.2 PANASONIC
26.2.1 BUSINESS OVERVIEW
26.2.2 PRODUCT OFFERINGS
26.3 CARRIER
26.3.1 BUSINESS OVERVIEW
26.3.2 PRODUCT OFFERINGS
26.4 MIDEA
26.4.1 BUSINESS OVERVIEW
26.4.2 PRODUCT OFFERINGS
26.5 REGAL REXNORD CORPORATION
26.5.1 BUSINESS OVERVIEW
26.5.2 PRODUCT OFFERINGS
26.6 RAYTHEON TECHNOLOGIES CORPORATION
26.6.1 BUSINESS OVERVIEW
26.6.2 PRODUCT OFFERINGS
26.7 HONEYWELL
26.7.1 BUSINESS OVERVIEW
26.7.2 PRODUCT OFFERINGS
26.8 FLAKT GROUP
26.8.1 BUSINESS OVERVIEW
26.8.2 PRODUCT OFFERINGS
26.9 BEIJER REF
26.9.1 BUSINESS OVERVIEW
26.9.2 PRODUCT OFFERINGS
26.10 FLEXIT
26.10.1 BUSINESS OVERVIEW
26.10.2 PRODUCT OFFERINGS
26.11 GRUNDFOS
26.11.1 BUSINESS OVERVIEW
26.11.2 PRODUCT OFFERINGS
26.12 SWEGON
26.12.1 BUSINESS OVERVIEW
26.12.2 PRODUCT OFFERINGS
26.13 VTS
26.13.1 BUSINESS OVERVIEW
26.13.2 PRODUCT OFFERINGS
26.14 NUAIRE
26.14.1 BUSINESS OVERVIEW
26.14.2 PRODUCT OFFERINGS
26.15 NORTEK
26.15.1 BUSINESS OVERVIEW
26.15.2 PRODUCT OFFERINGS
26.16 ALFA LAVAL
26.16.1 BUSINESS OVERVIEW
26.16.2 PRODUCT OFFERINGS
26.17 HITACHI
26.17.1 BUSINESS OVERVIEW
26.17.2 PRODUCT OFFERINGS
26.18 LU-VE
26.18.1 BUSINESS OVERVIEW
26.18.2 PRODUCT OFFERINGS
26.19 VENT-AXIA
26.19.1 BUSINESS OVERVIEW
26.19.2 PRODUCT OFFERINGS
26.20 ROSENBERG
26.20.1 BUSINESS OVERVIEW
26.20.2 PRODUCT OFFERINGS
26.21 S & P
26.21.1 BUSINESS OVERVIEW
26.21.2 PRODUCT OFFERINGS
26.22 WOLF
26.22.1 BUSINESS OVERVIEW
26.22.2 PRODUCT OFFERINGS
26.23 CIAT
26.23.1 BUSINESS OVERVIEW
26.23.2 PRODUCT OFFERINGS
26.24 AL-KO
26.24.1 BUSINESS OVERVIEW
26.24.2 PRODUCT OFFERINGS
26.25 DYNAIR
26.25.1 BUSINESS OVERVIEW
26.25.2 PRODUCT OFFERINGS
26.26 DANFOSS
26.26.1 BUSINESS OVERVIEW
26.26.2 PRODUCT OFFERINGS
26.27 LENNOX
26.27.1 BUSINESS OVERVIEW
26.27.2 PRODUCT OFFERINGS
26.28 BACKER SPRINGFIELD
26.28.1 BUSINESS OVERVIEW
26.28.2 PRODUCT OFFERINGS
26.29 DUNHAM BUSH
26.29.1 BUSINESS OVERVIEW
26.29.2 PRODUCT OFFERINGS
26.30 TCL
26.30.1 BUSINESS OVERVIEW
26.30.2 PRODUCT OFFERINGS
26.31 TROX
26.31.1 BUSINESS OVERVIEW
26.31.2 PRODUCT OFFERINGS
26.32 VAILLANT GROUP
26.32.1 BUSINESS OVERVIEW
26.32.2 PRODUCT OFFERINGS
26.33 INGERSOLL RAND
26.33.1 BUSINESS OVERVIEW
26.33.2 PRODUCT OFFERINGS
26.34 CAMFIL
26.34.1 BUSINESS OVERVIEW
26.34.2 PRODUCT OFFERINGS
27 REPORT SUMMARY
27.1 KEY TAKEAWAYS
27.2 STRATEGIC RECOMMENDATIONS
28 QUANTITATIVE SUMMARY
28.1 MARKET BY GEOGRAPHY
28.1.1 MARKET SIZE & FORECAST
28.2 MARKET BY EQUIPMENT
28.2.1 MARKET SIZE & FORECAST
28.3 MARKET BY AIR CONDITIONING EQUIPMENT
28.3.1 MARKET SIZE & FORECAST
28.4 MARKET BY HEATING EQUIPMENT
28.4.1 MARKET SIZE & FORECAST
28.5 MARKET BY VENTILATION EQUIPMENT
28.5.1 MARKET SIZE & FORECAST
28.6 MARKET BY END USER
28.6.1 MARKET SIZE & FORECAST
28.7 MARKET BY COMMERCIAL APPLICATION
28.7.1 MARKET SIZE & FORECAST
29 APPENDIX
29.1 ABBREVIATIONS
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Published : August 2022
