Grand View Research Forecasts $382.66 Billion Revenue Opportunity in HVAC Systems Market by 2030

SAN FRANCISCO, May 14, 2025 /PRNewswire/ -- 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.

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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.

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.

Read full market research report on HVAC Systems Market with TOC - HVAC Systems Market Size, Share & Trends Analysis Report Share & Trends Analysis Report By Equipment (Heat Pump, Air Conditioning, Air Purifier), By End-use (Residential, Commercial), By Region, And Segment Forecasts, 2025 - 2030

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 Market - 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 Market - End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
• Industrial

HVAC Systems Market - 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

List of Key Players in the 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

Check out more related studies published by Grand View Research:

• Hydronic HVAC Systems Market - The global hydronic HVAC systems market size is anticipated to reach USD 26.96 billion by 2030, registering a CAGR of 6.3% during the forecast period, according to a new report by Grand View Research, Inc. The hydronic HVAC systems industry has been experiencing significant growth in recent years, driven by increasing demand for energy-efficient and sustainable heating and cooling solutions.
• Hospital HVAC Systems Market - The global hospital HVAC systems market size is expected to reach USD 16.69 billion by 2030, registering a CAGR of 7.2% from 2023 to 2030, according to a study conducted by Grand View Research, Inc. Hospitals have specific requirements in terms of air quality and aseptic conditions owing to critical health condition of patients.
• HVAC Control Systems Market - The global HVAC control systems market size is expected to reach USD 29.2 billion by 2025, expanding at a CAGR of 12.2%, according to a study conducted by Grand View Research, Inc. The rise in demand for HVAC equipment and advent of smart controllers are some factors anticipated to positively affect market growth.
• HVAC Rooftop Units Market - The global HVAC rooftop units market size is anticipated to reach USD 64.87 billion by 2030, growing at a CAGR of 5.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The HVAC industry has been evolving rapidly, especially in terms of rooftop units (RTUs). One prominent trend is the integration of smart technology.

Browse Horizon Databook on HVAC Systems Market – Global HVAC Systems Market Size & Outlook

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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