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

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Most Exhaustive Report

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339 Pages

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106 Tables

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149 Charts

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5 Regions

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24 Countries

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43 Companies

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5 Market Segment

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

The global HVAC market size crossed USD 225.50 billion in 2022 and is expected 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 the use of 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. Along with providing residents with comfort, filtering can also improve indoor air quality. 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 requirement involved in HVAC systems:

  • HVAC systems generally cost over 15% of the overall building equipment cost.
  • Apart from 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 are 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 & motel industry and sports & convention centers. The commercial sector has witnessed constant growth since 2021, with the recovering economy. 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 help to reach energy-saving potential by up to 40%. 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 low-interest rates in a few European countries and stable economic growth. The construction of hotels, amusement parks, private & government offices, and sports & convention centers is growing, thereby supporting 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 an increased inflow of 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?

The global HVAC market size crossed USD 225.50 billion in 2022 and is expected to reach USD 309.62 billion by 2028.

What is the growth rate of the global HVAC market?

The global HVAC market share will grow at a CAGR of 5.43% from 2022-2028.

What are the significant trends in the global HVAC market?

The replacement of existing equipment with energy-efficient products, the emergence of IoT and product innovations to aid replacements, and Europe's climatic conditions and heatwave propelling the demand for HVAC systems are some significant trends in the global HVAC market.

Who are the key players in the global HVAC market?

Systemair, Johnson Controls, Zehnder, Ostberg, Aldes, Bosch, Daikin, Samsung, and Mitsubishi Electric are the key players in the global HVAC market.

Which region holds the most prominent global HVAC market share?

The APAC region held the most prominent global HVAC market share and was valued at USD 102.17 billion in 2022.

What is the market size of the global Residential HVAC market?

The residential sector in the global HVAC market crossed USD 135.63 billion in 2022.

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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

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

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)

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