Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

HVAC Systems Market size to reach by USD 235 billion from 2023 to 2030; Massive demand for energy conservation to boost the global market trends - Facts & Factor

This image opens in the lightbox

News provided by

FnF Research

09 Jun, 2023, 15:00 GMT

Share this article

Share toX

Share this article

Share toX

NEW YORK, June 9, 2023 /PRNewswire/ -- As per Facts and Factors study, the global HVAC systems market size was nearly $137 billion in 2022 and is anticipated to surge to approximately $235 billion by 2030 along with recording the highest growth rate of nearly 6.4% from 2023 to 2030.

Report Link with All Related Graphs & Charts: https://www.fnfresearch.com/hvac-systems-market

HVAC Systems Market: Overview

HVAC systems are referred to as heating, ventilation, and air conditioning tools that make use of a slew of technologies for regulating humidity, temperature, and purity of air in a closed space. These systems are the pivotal components of residential structures including hotels, single family households, apartments, and senior living units. Furthermore, the design of the HVAC system is based on thermodynamics principles, heat transfer principles, and principles of fluid mechanics.

Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.fnfresearch.com/sample/hvac-systems-market

Key Insights:

  • As per the analysis shared by our research analyst, the global HVAC systems market is projected to expand annually at the annual growth rate of around 6.4% over the forecast timespan (2023-2030)
  • In terms of revenue, the global HVAC systems market was evaluated at nearly $137 billion in 2022 and is expected to reach $235 billion by 2030.
  • The global HVAC systems market is anticipated to record massive growth over the forecast period owing to changing climatic conditions and the necessity of maintaining ambient environments in various buildings.
  • Based on the product, the cooling segment is predicted to contribute majorly towards the global market share over the forecast timeline.
  • In terms of end-use, the residential segment is projected to account for a major share of the global market in 2023-2030.
  • Region-wise, the North American HVAC Systems market is projected to register the highest CAGR during the assessment period.

Facts and Factors published the latest report titled "HVAC Systems Market Size, Share, Growth Analysis Report By Product (Heating, Ventilation, and Cooling), By End-Use (Residential, Industrial, and Commercial), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030" into their research database.

Industry Dynamics:

Global HVAC Systems Market: Growth Drivers

  • Massive demand for energy conservation to boost the global market trends.

Changing climatic conditions and the necessity of maintaining ambient environments in various buildings will steer the global HVAC systems market demand. Furthermore, the growing demand for power conservation will boost global market trends. In addition to this, escalating demand for sustainable constructions will impel the expansion of the market across the globe. Large-scale preference for smart households and the popularity of eco-friendly HVAC systems for reducing GHG emissions will proliferate the growth of the global market. Furthermore, the massive penetration of smart HVAC systems in building automation will embellish the scope of growth for the global market.

In addition to this, a surge in the construction activities in the industrial as well as residential sectors will protrude the growth of the global HVAC systems market in the upcoming years. Swift urbanization and industrialization will contribute majorly towards the market proceeds in the years ahead. Surge in demand for ventilation, hybrid heating, and cooling systems will spur the growth of the market across the globe.

Global HVAC Systems Market: Restraints

  • Huge maintenance charges can decimate the global industry trends over 2023-2030.

Huge maintenance and deployment costs as well as a rise in the repairing charges can put brakes on the expansion of the global HVAC systems industry. Less availability of skilled personnel can further impede global industry growth.

Directly Purchase a Copy of the Report @ https://www.fnfresearch.com/buynow/su/hvac-systems-market

HVAC Systems Market: Opportunities

  • Surging inclination towards use of software-based HVAC systems to generate new horizons of growth for the global market.

Growing preference for software-driven HVAC systems will open new opportunities for growth for the global HVAC systems market. Massive demand for commercial HVAC will generate new facades of growth for the global market.

HVAC Systems Market: Challenges

  • Less know-how about advantages derived through use of HVAC systems can be a challenge to the industry growth globally.

Low awareness about benefits accrued due to HVAC system installation in emerging economies can be a big challenge for the global HVAC systems industry expansion. Less allocation of funds to HVAC infrastructure & training programs can be a challenging task for the global industry.

Global HVAC Systems Market: Segmentation

  • The global HVAC systems market is sectored into product, end-use, and region.         

In terms of product, the global HVAC systems market is sectored into heating, ventilation, and cooling segments. Furthermore, the cooling segment, which accounted for more than 55% of the global market share in 2022, is set to retain its segmental domination in the anticipated timeline. The segmental surge in the coming eight years can be a result of a rise in population & disposable income leading to the purchase of air-conditioners. As per IEA, cooling contributes to nearly 11% of the global power consumption leading to huge demand for HVAC systems in the cooling segment.

Based on the end-use, the HVAC systems industry across the globe is divided into residential, industrial, and commercial segments. Moreover, the residential segment, which accumulated nearly 40% of the global industry share in 2022, is slated to dominate the global industry surge even in the forecasting years. The growth of the segment in the coming years can be due to the humungous demand for HVAC systems in the residential segment. Surging population in developing countries will further accentuate the demand for HVAC systems in the residential segment.

Get More Insight before Buying@: https://www.fnfresearch.com/inquiry/hvac-systems-market

List of Key Players in HVAC Systems Market:

  • Hitachi Ltd.
  • Carrier Corporation
  • Lennox International Inc.
  • Emerson Electric Co.
  • Daikin Industries Ltd.
  • Johnson Controls International plc
  • Trane Technologies
  • Others

Key questions answered in this report:

  • What are the growth rate forecast and market size for HVAC Systems Market?
  • What are the key driving factors propelling the HVAC Systems Market forward?
  • What are the most important companies in the HVAC Systems Market Industry?
  • What segments does the HVAC Systems Market cover?
  • How can I receive a free copy of the HVAC Systems Market sample report and company profiles?

Report Scope:

Report Attribute

Details

Market size value in 2022

USD 137 Billion

Revenue forecast in 2030

USD 235 Billion

Growth Rate

CAGR of almost 6.4% 2023-2030

Base Year

2022

Historic Years

2016 – 2021

Forecast Years

2023-2030

Segments Covered

By Product, End-User, and Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2030

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Companies Covered

Hitachi Ltd., Carrier Corporation, Lennox International Inc., Emerson Electric Co., Daikin Industries Ltd., Johnson Controls International plc, Trane Technologies, and others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization Scope

Avail of customized purchase options to meet your exact research needs.  

https://www.fnfresearch.com/customization/hvac-systems-market

 Free Brochure: https://www.fnfresearch.com/ask-to-analyst/hvac-systems-market

Regional Dominance:

  • Asia-Pacific to contribute majorly towards the global HVAC systems market share over the forecast timeline.

Asia-Pacific, which accounted for more than 42% of the global HVAC systems market revenue in 2022, is anticipated to dominate the global market proceeds even during the assessment timeline. The regional market expansion over 2023-2030 can be due to surging population, rise in per capita spending capacity of consumers, and urbanization. Apart from this, the rise in the use of HVAC systems in the commercial sector of the region will steer the regional market trends.

Furthermore, the North American HVAC systems industry is set to record the fastest CAGR in the forecasting timeframe. The factors that are likely to determine the growth of the regional market include new revenue streams created by OEMs in the region and the presence of giant players in the countries such as the U.S. Apart from this, renovation of old infrastructure in countries such as Canada and the U.S. will contribute notably towards the regional industry revenue share in the coming years.

Global HVAC Systems Market is segmented as follows:

HVAC Systems Market: By Product Outlook (2023-2030)

  • Heating
  • Ventilation
  • Cooling           

HVAC Systems Market: By End-User Outlook (2023-2030)

  • Residential
  • Industrial
  • Commercial   

HVAC Systems Market: By Region Outlook (2023-2030)

North America

  • The U.S.
  • Canada

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Press Release: https://www.fnfresearch.com/news/global-hvac-systems-market

Browse Other Related Research Reports from Facts and Factors

  • Testing, Inspection and Certification (TIC) Market: According to the report published by Facts and Factors, The global testing, inspection, and certification (TIC) market size was worth around USD 233.21 billion in 2022 and is predicted to grow to around USD 304.52 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.51% between 2023 and 2030.
  • Air Starter Market: According to the report published by Facts and Factors, the global air starter market size was worth around USD 421.6 million in 2022 and is predicted to grow to around USD 581.4 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.1% between 2023 and 2030.
  • Air Compressor Market: According to the report published by Facts and Factors, the global air compressor market size was worth around USD 20.9 billion in 2022 and is predicted to grow to around USD 27.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.5% between 2023 and 2030.
  • ISO Tank Container Market: According to the report published by Facts and Factors, the global ISO tank container market size was worth around USD 210.2 million in 2021 and is predicted to grow to around USD 325.32 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.1% between 2022 and 2030.
  • C-Clamp Market: According to the report published by Facts Factors, the global C-clamp market size was worth USD 814.2 million in 2021 and is estimated to grow to USD 989.3 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.3% over the forecast period.

Browse through Facts and Factors's coverage of the Global Heavy Industry Industry

Follow Us on: LinkedIn | Twitter | Facebook

About Us

Facts and Factors is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, and company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Facts and Factors 
Tel: +1 347 690-0211
USA/Canada Toll-Free No. +44 2032 894158
Email: sales@fnfresearch.com  
Website: https://www.fnfresearch.com/

Logo: https://mma.prnewswire.com/media/1981423/FnF_Research_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.