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Hvac Equipment Market

HVAC Equipment Market by Heating Equipment (Heat Pumps, Furnaces, Unitary Heaters, and Boilers), Ventilation Equipment (Air Handling Units, Dehumidified, Ventilation Fans, and Humidifiers), Cooling Equipment (Chillers, Cooling Towers, and Coolers), and Application (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Sep 2021 | 305 Views
Author(s) : Onkar Sumant
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Pandemic disrupted the entire world and affected many industries.

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 Heating, ventilation, and air conditioner (HVAC) systems are being increasingly used in a variety of buildings, such as commercial, industrial, and residential buildings. The major task of the ventilation and air-conditioner system is to reassure the comfort of the people by providing desired conditions in the occupied buildings. Depending on the air conditions, the air in the building is heated or cooled before it is divided up into occupied parts, and then it is released into the air from   the environment or re-used in the system. The choice of the ventilation-and-air-conditioning system in a building, depends on the weather, the age of the building, to the personal preferences of the owner of the building, and the project's design, with the completion of the project, the architectural design of the buildings. Other processes such as humidification and dehumidification process can be added.

Market Scope and Structure Analysis

Heating, Ventilation and Air Conditioner (HVAC) units can add to the creative value of residential and commercial space. Companies are investing heavily in R&D to make affordable, energy-efficient, and creative products such as a combination of HVAC equipment that use multiple energy sources to heat and cool applications. Factors such as increase in climate temperature, rise in population, population change, rapid urbanization, and surge in waste disposal accelerate the growth of the HVAC equipment market.

However, installation and repair costs, high power consumption, and other operational challenges are expected to hinder the growth of the HVAC equipment market. Climatic conditions in various regions can have a detrimental effect on the life cycle of these systems. Regular climatic zones often contribute to the reduction of heat, ventilation, and air conditioning systems due to their adverse effects, which are expected to affect the market growth.

Report Metric


  Market size available for years

2020 - 2030

  Base Year Considered


  Forecast Period


  Forecast Unit

Value (USD)

  Segments Covered

Heating Equipment, Ventilation Equipment, Cooling Equipment, Application, and Implementation Type


  Regions Covered


North America, Asia Pacific, Europe, LAMEA

  Companies covered.Daikin, Ingersoll Rand, Johnson Controls, LG Electronics, United Technologies, Electrolux, Emerson, Honeywell, Lennox, Mitsubishi Electric, Nortek, and Samsung Electronics


COVID-19 Impact analysis.

  • The global supply chain has been badly affected due to the COVID-19 pandemic. This has restricted the sale and purchase of components of HVAC systems.
  • The HVAC industry has been impacted by the current situation. Main spare parts of the HVAC system, such as HVAC controlled equipment and sensors are produced in the Asia -Pacific region, where the situation of COVID-19 is worst.Thus, the HVAC equipment market is anticipated to experience decrease in growth during the pandemic.

Top Impacting Factors

  • There is an increase in the need for proper ventilation, heating and cooling systems with the rise in modernization in housing society, commercial buildings, and Government infrastructure. This factor is thus anticipated to boost the growth of the HVAC equipment market.
  • Rebate and Incentive scheme provided by the government and increase in expenditure in the construction sector all over the world boost up the demand for HVAC systems, which in turn fosters the market growth
  • Rise in temperature due to global warming has been the very cause of increased demand within the consumers for products of HVAC industry.
  • The rise in the construction sector in areas such as the Americas and Middle East is also reason behind the boom in the HVAC industry.
  • Along with this, the existence of industry leaders such as Johnson Controls, Carrier Corporation and Daikin Industries, among others, has specifically enhanced the market growth.

Market Trends

  • In July 2020, J2 Innovations, siemens, a manufacturer of automation software, and much more software, together with Clivet SpA, developed new heating, ventilation, and air installation systems, as well as building improvement solutions.  
  • In June 2020, Honeywell and SAP Se worked together to improve the efficiency of building an integrated business center and operating technology that guarantees companies and property owners, as well as construction providers integrated financial stability.

Key Segments Covered

By Heating Equipment

  • Heat Pumps Furnace Unitary Heaters Boilers

By Ventilation Equipment

  • Air-handling
  • Units Air Filters
  • Dehumidifiers
  • Ventilation Fans
  • Humidifiers
  • Air Purifiers

By Cooling Equipment

  • Unitary Air Conditioners
  • VRF System
  • Chillers
  • Room Air Conditioners Coolers
  • Cooling Towers

By Implementation Type

  • New Constructions Retrofits

By Application

  • Residential Commercial Industrial

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the HVAC Equipment Market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the HVAC Equipment Market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the HVAC Equipment Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed HVAC Equipment Market analysis based on competitive intensity and how the competition will take shape in coming years.


With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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