Global Hvac Systems Market Size & Outlook, 2025-2033
Global hvac systems market, 2021-2033 (US$M)
Related Markets
Global hvac systems market highlights
- The global hvac systems market generated a revenue of USD 241,519.7 million in 2024 and is expected to reach USD 445,734.2 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 7% by 2033.
- In terms of segment, residential accounted for a revenue of USD 107,236.2 million in 2024.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 241,519.7 million |
| Market revenue in 2033 | USD 445,734.2 million |
| Growth rate | 7% (CAGR from 2025 to 2033) |
| Largest segment | Residential |
| Fastest growing segment | Commercial |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 15.9% of the global hvac systems market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, Japan is the fastest growing regional market and is projected to reach USD 20,599.2 million by 2033.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Lennox International Inc | View profile | 12600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | https://www.lennox.com |
| Haier | View profile | 10001+ | Qingdao Shi, Shandong, China, Asia | http://haier.com/in |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
| Fujitsu Ltd | View profile | 124055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | http://www.fujitsu.com |
Global hvac systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 44.4% in 2024. Horizon Databook has segmented the Global hvac systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2021 to 2033.
- Global HVAC Systems Application Outlook (Revenue, USD million, 2021-2033)
- Residential
- Heating
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Electric Baseboards
- Heating Cables
- Others
- Ventilation
- Air Purifier
- Dehumidifier
- Air Handling Units
- Ventilation Fans
- Others
- Cooling
- Air Conditioning
- Chillers
- Cooling Towers
- Others
- Heating
- Commercial
- Heating
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Electric Baseboards
- Heating Cables
- Others
- Ventilation
- Air Purifier
- Dehumidifier
- Air Handling Units
- Ventilation Fans
- Others
- Cooling
- Air Conditioning
- Chillers
- Cooling Towers
- Others
- Heating
- Industrial
- Heating
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Electric Baseboards
- Heating Cables
- Others
- Ventilation
- Air Purifier
- Dehumidifier
- Air Handling Units
- Ventilation Fans
- Others
- Cooling
- Air Conditioning
- Chillers
- Cooling Towers
- Others
- Heating
- Residential
- Global HVAC Systems Equipment Outlook (Revenue, USD million, 2021-2033)
- Heating
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Electric Baseboards
- Heating Cables
- Others
- Ventilation
- Air Purifier
- Dehumidifier
- Air Handling Units
- Ventilation Fans
- Others
- Cooling
- Air Conditioning
- Chillers
- Cooling Towers
- Others
- Heating
- Global HVAC Systems Distribution Channel Outlook (Revenue, USD million, 2021-2033)
- Online
- Retail Stores
- Wholesale Stores
- Others
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Target buyers of Global hvac systems market databook
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Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hvac systems market , including forecasts for subscribers. This global databook contains high-level insights into Global hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
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Top 10 countries: Hvac systems market size, 2024 (US$M)
Global hvac systems market share, by equipment, 2024 & 2030 (%, US$M)
Hvac systems market: Opportunity assessment by country
Global hvac systems market, by region, 2024 (US$M)
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