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HVAC Systems Market size worth $ 328.26 Billion, Globally, by 2030 at 6.6% CAGR: Verified Market Research®

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Verified Market Research

24 May, 2022, 14:15 GMT

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Increasing demand for the energy-efficient HVAC system, the growing trend of smart homes, and government initiatives coupled with the increasing investment in the Construction industry is fueling the growth of the HVAC Systems Market.

JERSEY CITY, N.J., May 24, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "HVAC Systems Market" By Ventilation Equipment (Air Filter, Ventilation Fan), By Heating Equipment (Heat pumps, Furnaces), By Cooling Equipment (Chiller, Cooler), By Applications (Commercial, Residential), and By Geography. According to Verified Market Research, HVAC Systems Market size was valued at USD 186.35 Billion in 2021 and is projected to reach USD 328.26 Billion by 2030, growing at a CAGR of 6.6% from 2022 to 2030.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=3450

Browse in-depth TOC on "HVAC Systems Market"

202 - Pages
126 – Tables
37 – Figures

Global HVAC Systems Market Overview

Global heating ventilation and air conditioning are principally driven by rising temperatures due to global warming and growth in the construction sector, majorly in the Asia Pacific region. Critical levels of climatic change and global warming are other major factors driving the deployment rate of various indoor temperature control systems including heating, ventilation, and air conditioning. These systems are more popular in nations that undergo frequent climatic fluctuations.

Heating, Ventilation, and Air Conditioning systems, otherwise known as HVAC systems are systems wherein the temperature of the environment in which the system is placed can be manipulated according to the user's need. The HVAC system functions through the manipulation of temperature through cooling and heating. Some systems can also manipulate the humidity in a certain environment by controlling the movement of air within the area. HVAC systems are also known to be able to purify the air due to their constant air circulation the system is used in various types of building such as commercial, residential, institutional buildings, and industrial. Increasing demand for the energy-efficient HVAC system, the growing trend of smart homes, and government initiatives coupled with the increasing investment in the Construction industry is fueling the growth of the market over the forecast period.

Key Developments

  • In September 2021, Carrier Transicold an American multinational home appliances corporation launched two new products in the Citimax unit line, Citimax 1000 and Citimax 1100 units. These new products were developed to support heavy-duty refrigerated trucks with high-roof cabs.In
  • August 2021, Johnson Controls and Apollo Global Management, Inc. entered into a strategic partnership to offer sustainability and energy efficiency services to help their customers address decarbonization and operating cost goals for their buildings.

Key Players

The major players in the market are Daikin Industries Ltd., Ingersoll Rand PLC, Johnson Controls, Inc., Nortek, Inc., United Technologies Corp., Electrolux AB, Dixell- Emerson, Honeywell International Inc., Lennox International Inc., and LG Electronics.

Verified Market Research has segmented the Global HVAC Systems Market On the basis of Ventilation Equipment, Heating Equipment, Cooling Equipment, Applications, and Geography.

  • HVAC Systems Market, By Ventilation Equipment
    • Air Filter
    • Ventilation Fan
    • Humidifier
    • Air Purifier
    • Others
  • HVAC Systems Market, By Heating Equipment
    • Heat pumps
    • Furnaces
    • Unitary Heaters
    • Boilers
  • HVAC Systems Market, By Cooling Equipment
    • Room Air-Conditioner
    • Unitary Air-Conditioner
    • Chiller
    • Cooler
    • Cooling Tower
    • Others
  • HVAC Systems Market, By Applications
    • Commercial
    • Residential
    • Industrial
  • HVAC Systems Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Smart Home Market By Technologies (Cellular Network Technologies, Protocols And Standards), By Product (Lighting Control, Security And Access Control, HVAC Control), By Geography, Forecast, 2021-2028

HVAC Controls Market By System (Temperature Control System, Ventilation Control System), By Implementation Type (New Construction, Retrofit), By End User (Residential, Commercial, Industrial), By Geography, Forecast, 2021-2028

HVAC Packaged Unit Market By Product (Air Condenser HVAC Packaged Unit and Water Condenser HVAC Packaged Unit), By Application (Commercial and Residential), By Geography, Forecast, 2021-2028

HVAC Service Management Software Market By Product (Cloud Based, Web Based), By Application (SMEs, Large Enterprises), By Geography, Forecast, 2021-2028

Top 5 Exhaust Heat Recovery Systems maintaining temperature and reduce CO2

Visualize HVAC Systems Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
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