Report Summary
Eternity Insights has published a new study on Global HVAC Equipment Market focusing on key segments and regions. This in-depth research report highlights the market and competitive intelligence across the key segments of the market. The report also considers the impact of COVID-19 on the global HVAC Equipment Market.
The report considers 2020-2023 as historic period, 2024 as base year, and 2025-2035 as forecast period. The report includes quantitative analysis of the market supported by the market drivers, challenges, and trends to accurately map the market scenario and competition. Moreover, key insights related to market having direct impact on the market will also be covered.
HVAC Equipment Market report is based on robust research methodology designed using blend of research ap-proaches developed using secondary/desk research and validated through primary research and expert insights. Eternity Insights also uses paid databases such as FACIVA, Hoovers, and other bench-marking and forecasting tools to provide accurate statistical analysis of supply and demand trends.
Global HVAC Equipment Market Size, 2020-2035 (USD Million)

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Global HVAC Equipment Market Segmentation:
HVAC Equipment Market, By Product
- Heating
- Ventilation
- Cooling
HVAC Equipment Market, By System Type
- Central
- All-air systems
- All-water systems
- Air-water systems
- Water-source heat pumps
- Heating and cooling panels
- Decentralized
- Local heating systems
- Local cooling systems
- Local ventilation systems
- Local air-conditioning systems
- Split systems
HVAC Equipment Market, By Business Type
- New Constructions
- Retrofits
HVAC Equipment Market, By End-User
- Residential
- Commercial
- Industrial
- Other

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Geographically, the market is categorized in to five regions as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region dominates the global HVAC Equipment market in terms of demand generation. The HVAC Equipment market in Asia Pacific region is expected to grow at significantly high growth rate. The regional market is further sub-segmented and analyzed at granular level across key countries. The report will include market size and forecast for HVAC Equipment market for below listed coun-tries across each region.
North America (U.S. and Canada), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific region); Latin America (Brazil, Mexico, and rest of the Latin America); Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa).
Global HVAC Equipment Market Taxonomy:

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Global HVAC Equipment Market Competitive Landscape
The global HVAC Equipment market analysis report covers detailed analysis of competitive scenario across globe. The report includes profiles of leading players covering below details
- Company Overview
- Financial Analysis
- Product Portfolio Analysis
- Strategic Overview
- SWOT Analysis
List of Companies Profiled in the Report:
- Daikin
- Ingersoll Rand
- Johnson Controls
- Gree
- Carrier
- Bosch
- Panasonic
- Midea
- Mitsubishi Electric
- Nortek
- Lennox International
- Samsung
- Hitachi
- LG
- Toshiba
- Schneider Electric
- Rheem
- Trane
- Dectron International
- Hisense
- Haier
- ClimateMaster
- Heinen & Hopman
- Engineered Air
- Goodman
- S&S HVAC Equipment
- Zhigao
- Other Players of Specific Interest can be added based on the requirement
Market Segmentation
Report Attributes |
Details |
The market size value in 2024 |
USD XX.XX Million |
CAGR (2025 - 2035) |
XX.XX % |
The Revenue forecast in 2035 |
USD XX.XX Million |
Base year for estimation |
2024 |
Historical data |
2020-2023 |
Forecast period |
2025-2035 |
Quantitative units |
- Revenue in USD Million
- CAGR from 2025 to 2035
|
Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments Covered |
By Product Outlook, End-User Outlook, Regional Outlook |
By Product Outlook |
Heating, Ventilation, Cooling |
By End-User Outlook |
Residential, Commercial, Industrial, Other |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Country scope |
U.S., Canada, U.K., Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, Turkey |
Key companies profiled |
Daikin, Ingersoll Rand, Johnson Controls, Gree, Carrier, Bosch, Panasonic, Midea, Mitsubishi Electric, Nortek, Lennox International, Samsung, Hitachi, LG, Toshiba, Schneider Electric, Rheem, Trane, Dectron International, Hisense, Haier, ClimateMaster, Heinen & Hopman, Engineered Air, Goodman, S&S HVAC Equipment, Zhigao |
Customization Available |
Yes, the report can be tailored to meet your specific requirements. |
Key Benefits to the Stakeholders
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) and volume (Tons) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
Table Of Contents
Table of Contents
Global HVAC Equipment Market by Manufacturers, Regions, Type and Application, Forecast to 2026
1 Report Overview
1.1 Definition and Specification
1.2 Report Overview
1.2.1 Manufacturers Overview
1.2.2 Regions Overview
1.2.3 Type Overview
1.2.4 Application Overview
1.3 Industrial Chain
1.3.1 HVAC Equipment Overall Industrial Chain
1.3.2 Upstream
1.3.3 Downstream
1.4 Industry Situation
1.4.1 Industrial Policy
1.4.2 Product Preference
1.4.3 Economic/Political Environment
1.5 SWOT Analysis
2 Market Assessment by Type
2.1 Air Conditioner Sales (K Units), Revenue (M USD) and Growth Rate 2014-2020
2.2 Chiller Sales (K Units), Revenue (M USD) and Growth Rate 2014-2020
2.3 Heating Pumps Sales (K Units), Revenue (M USD) and Growth Rate 2014-2020
2.4 Radiator Sales (K Units), Revenue (M USD) and Growth Rate 2014-2020
2.5 Ventilation Sales (K Units), Revenue (M USD) and Growth Rate 2014-2020
2.6 Stoves Sales (K Units), Revenue (M USD) and Growth Rate 2014-2020
2.7 Other Sales (K Units), Revenue (M USD) and Growth Rate 2014-2020
3 Asia Pacific HVAC Equipment Market Assessment by Type
3.1 Asia Pacific Market Performance (Sales, Revenue)
3.2 Key Players in Asia Pacific
4 North America HVAC Equipment Market Assessment by Type
4.1 North America Market Performance (Sales, Revenue)
4.2 Key Players in North America
5 Europe HVAC Equipment Market Assessment by Type
4.1 Europe Market Performance (Sales, Revenue)
4.2 Key Players in Europe
6 South America HVAC Equipment Market Assessment by Type
4.1 South America Market Performance (Sales, Revenue)
4.2 Key Players in South America
7 Middle Easr and Africa HVAC Equipment Market Assessment by Type
4.1 Middle Easr and Africa Market Performance (Sales, Revenue)
4.2 Key Players in Middle Easr and Africa
8 World HVAC Equipment Market Assessment by Type
8.1 Asia Pacific HVAC Equipment Market Assessment by Application (Consumption and Market Share)
8.2 North America HVAC Equipment Market Assessment by Application (Consumption and Market Share)
8.3 Europe HVAC Equipment Market Assessment by Application (Consumption and Market Share)
8.4 South America HVAC Equipment Market Assessment by Application (Consumption and Market Share)
8.5 Middle East and Africa HVAC Equipment Market Assessment by Application (Consumption and Market Share)
9 Company Profiles/Analysis
9.1 Daikin
9.1.1 Daikin Profiles
9.1.2 Daikin Product Portfolio
9.1.3 Daikin HVAC Equipment Business Performance
9.1.4 Daikin HVAC Equipment Business Development and Market Status
9.2 Ingersoll Rand
9.2.1 Ingersoll Rand Profiles
9.2.2 Ingersoll Rand Product Portfolio
9.2.3 Ingersoll Rand HVAC Equipment Business Performance
9.2.4 Ingersoll Rand HVAC Equipment Business Development and Market Status
9.3 Johnson Controls
9.3.1 Johnson Controls Profiles
9.3.2 Johnson Controls Product Portfolio
9.3.3 Johnson Controls HVAC Equipment Business Performance
9.3.4 Johnson Controls HVAC Equipment Business Development and Market Status
9.4 Gree
9.4.1 Gree Profiles
9.4.2 Gree Product Portfolio
9.4.3 Gree HVAC Equipment Business Performance
9.4.4 Gree HVAC Equipment Business Development and Market Status
9.5 Carrier
9.5.1 Carrier Profiles
9.5.2 Carrier Product Portfolio
9.5.3 Carrier HVAC Equipment Business Performance
9.5.4 Carrier HVAC Equipment Business Development and Market Status
9.6 Bosch
9.6.1 Bosch Profiles
9.6.2 Bosch Product Portfolio
9.6.3 Bosch HVAC Equipment Business Performance
9.6.4 Bosch HVAC Equipment Business Development and Market Status
9.7 Panasonic
9.7.1 Panasonic Profiles
9.7.2 Panasonic Product Portfolio
9.7.3 Panasonic HVAC Equipment Business Performance
9.7.4 Panasonic HVAC Equipment Business Development and Market Status
9.8 Midea
9.8.1 Midea Profiles
9.8.2 Midea Product Portfolio
9.8.3 Midea HVAC Equipment Business Performance
9.8.4 Midea HVAC Equipment Business Development and Market Status
9.9 Mitsubishi Electric
9.9.1 Mitsubishi Electric Profiles
9.9.2 Mitsubishi Electric Product Portfolio
9.9.3 Mitsubishi Electric HVAC Equipment Business Performance
9.9.4 Mitsubishi Electric HVAC Equipment Business Development and Market Status
9.10 Nortek
9.10.1 Nortek Profiles
9.10.2 Nortek Product Portfolio
9.10.3 Nortek HVAC Equipment Business Performance
9.10.4 Nortek HVAC Equipment Business Development and Market Status
9.11 Lennox International
9.12 Samsung
9.13 Hitachi
9.14 LG
9.15 Toshiba
9.16 Schneider Electric
9.17 Rheem
9.18 Trane
9.19 Dectron International
9.20 Hisense
9.21 Haier
9.22 ClimateMaster
9.23 Heinen & Hopman
9.24 Engineered Air
9.25 Goodman
9.26 S&S HVAC Equipment
9.27 Zhigao
10 World HVAC Equipment Market Assessment by Players
10.1 Global HVAC Equipment Sales (K Units) and Market Share by Players 2014-2020
10.2 Global HVAC Equipment Revenue (M USD) and Market Share by Players 2014-2020
10.3 Global HVAC Equipment Price (USD/Unit) of Players 2014-2020
10.4 Global HVAC Equipment Gross Margin of Players 2014-2020
10.5 Market Concentration
11 Regional Market Performance by Segment of Players
11.1 North America
11.1.1 North America HVAC Equipment Sales Assessment of Players 2014-2020
11.1.2 North America HVAC Equipment Revenue Assessment of Players 2014-2020
11.1.3 North America HVAC Equipment Price Assessment of Players 2014-2020
11.1.4 North America HVAC Equipment Gross Margin Assessment of Players 2014-2020
11.1.5 Market Concentration
11.2 Europe
11.2.1 Europe HVAC Equipment Sales Assessment of Players 2014-2020
11.2.2 Europe HVAC Equipment Revenue Assessment of Players of Manufacturers 2014-2020
11.2.3 Europe HVAC Equipment Price Assessment of Players 2014-2020
11.2.4 Europe HVAC Equipment Gross Margin Assessment of Players 2014-2020
11.2.5 Market Concentration
11.3 Asia-Pacific Market Performance for Manufacturers
11.3.1 Asia-Pacific HVAC Equipment Sales Assessment of Players 2014-2020
11.3.2 Asia-Pacific HVAC Equipment Revenue Assessment of Players 2014-2020
11.3.3 Asia-Pacific HVAC Equipment Price Assessment of Players 2014-2020
11.3.4 Asia-Pacific HVAC Equipment Gross Margin Assessment of Players 2014-2020
11.3.5 Market Concentration
11.4 South America Market Performance for Players
11.4.1 South America HVAC Equipment Sales Assessment of Players 2014-2020
11.4.2 South America HVAC Equipment Revenue Assessment of Players 2014-2020
11.4.3 South America HVAC Equipment Price Assessment of Players 2014-2020
11.4.4 South America HVAC Equipment Gross Margin Assessment of Players 2014-2020
11.4.5 Market Concentration
11.5 Middle East and Africa Market Performance for Players
11.5.1 Middle East and Africa HVAC Equipment Sales Assessment of Players 2014-2020
11.5.2 Middle East and Africa HVAC Equipment Revenue Assessment of Players 2014-2020
11.5.3 Middle East and Africa HVAC Equipment Price Assessment of Players 2014-2020
11.5.4 Middle East and Africa HVAC Equipment Gross Margin Assessment of Players 2014-2020
11.5.5 Market Concentration
12 Regional Market Performance by Segment of Countries
12.1 Asia Pacific
12.1.1 Asia Pacific HVAC Equipment Sales by Countries/Regions 2014-2020
12.1.2 Asia Pacific HVAC Equipment Revenue by Countries/Regions 2014-2020
12.1.3 Asia Pacific HVAC Equipment Average Price by Countries/Regions 2014-2020
12.2 North America
12.2.1 North America HVAC Equipment Sales by Countries/Regions 2014-2020
12.2.2 North America HVAC Equipment Revenue by Countries/Regions 2014-2020
12.2.3 North America HVAC Equipment Average Price by Countries/Regions 2014-2020
12.3 Europe
12.3.1 Europe HVAC Equipment Sales by Countries/Regions 2014-2020
12.3.2 Europe HVAC Equipment Revenue by Countries/Regions 2014-2020
12.3.3 Europe HVAC Equipment Average Price by Countries/Regions 2014-2020
12.4 South America
12.4.1 South America HVAC Equipment Sales by Countries/Regions 2014-2020
12.4.2 South America HVAC Equipment Revenue by Countries/Regions 2014-2020
12.4.3 South America HVAC Equipment Average Price by Countries/Regions 2014-2020
12.5 Middle East and Africa
12.5.1 Middle East and Africa HVAC Equipment Sales by Countries/Regions 2014-2020
12.5.2 Middle East and Africa HVAC Equipment Revenue by Countries/Regions 2014-2020
12.5.3 Middle East and Africa HVAC Equipment Average Price by Countries/Regions 2014-2020
13 Technology and Opportunity
13.1 Technology
13.2 Market Opportunity
14 World HVAC Equipment Sales & Revenue Forecast 2021-2026
14.1 World HVAC Equipment Sales and Revenue Forecast by Regions 2021-2026
14.1.1 World HVAC EquipmentSales and Market Share by Regions
14.1.2 World HVAC EquipmentRevenue and Market Share by Regions
15 Asia HVAC Equipment Market Forecast 2021-2026
15.1 Sales and Revenue (M USD) Forecast by Type, 2021-2026
15.1.1 Air Conditioner
15.1.2 Chiller
15.1.3 Heating Pumps
15.1.4 Radiator
15.1.5 Ventilation
15.1.6 Stoves
15.1.7 Other
15.2 Consumption Forecast by Application, 2021-2026
16 North America HVAC Equipment Market Forecast 2021-2026
16.1 Sales and Revenue (M USD) Forecast by Type, 2021-2026
16.1.1 Air Conditioner
16.1.2 Chiller
16.1.3 Heating Pumps
16.1.4 Radiator
16.1.5 Ventilation
16.1.6 Stoves
16.1.7 Other
16.2 Consumption Forecast by Application, 2021-2026
17 Europe HVAC Equipment Market Forecast 2021-2026
17.1 Sales and Revenue (M USD) Forecast by Type, 2021-2026
17.1.1 Air Conditioner
17.1.2 Chiller
17.1.3 Heating Pumps
17.1.4 Radiator
17.1.5 Ventilation
17.1.6 Stoves
17.1.7 Other
17.2 Consumption Forecast by Application, 2021-2026
18 South America HVAC Equipment Market Forecast 2021-2026
18.1 Sales and Revenue (M USD) Forecast by Type, 2021-2026
18.1.1 Air Conditioner
18.1.2 Chiller
18.1.3 Heating Pumps
18.1.4 Radiator
18.1.5 Ventilation
18.1.6 Stoves
18.1.7 Other
18.2 Consumption Forecast by Application, 2021-2026
19 Middle East and Africa HVAC Equipment Market Forecast 2021-2026
19.1 Sales and Revenue (M USD) Forecast by Type, 2021-2026
19.1.1 Air Conditioner
19.1.2 Chiller
19.1.3 Heating Pumps
19.1.4 Radiator
19.1.5 Ventilation
19.1.6 Stoves
19.1.7 Other
19.2 Consumption Forecast by Application, 2021-2026
20 Price (USD/Unit) and Gross Profit Forecast
20.1 Global HVAC Equipment Price (USD/Unit) Trend 2021-2026
20.2 Global HVAC Equipment Gross Profit Trend 2021-2026
21 Conclusion