Asia Pacific Hvac Rental Services Market Size & Outlook

The hvac rental services market in Asia Pacific is expected to reach a projected revenue of US$ 1,574.7 million by 2030. A compound annual growth rate of 6.9% is expected of Asia Pacific hvac rental services market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,069.0
Forecast, 2030 (US$M)
$1,574.7
CAGR, 2025 - 2030
6.9%
Report Coverage
Asia Pacific

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Asia Pacific hvac rental services market, 2018-2030 (US$M)

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Asia Pacific hvac rental services market highlights

  • The Asia Pacific hvac rental services market generated a revenue of USD 1,069.0 million in 2024.
  • The market is expected to grow at a CAGR of 6.9% from 2025 to 2030.
  • In terms of segment, heating was the largest revenue generating product in 2024.
  • Cooling is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2025 to 2030.

Asia Pacific data book summary

Market revenue in 2024USD 1,069.0 million
Market revenue in 2030USD 1,574.7 million
Growth rate6.9% (CAGR from 2025 to 2030)
Largest segmentHeating
Fastest growing segmentCooling
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHeating, Ventilation, Cooling
Key market players worldwideCarrier Global Corp Ordinary Shares, Aggreko, Dex Media, HVAC Rentals, Andrews Sykes Group, Johnson Controls International PLC, Big Ten Rentals, Brookfield Business Partners LP, Caterpillar Inc, Trane Technologies PLC Class A, United Rentals Inc, Herc Holdings Inc

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 48.0% of the global hvac rental services market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,574.7 million by 2030.

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HVAC Rental Services Market Companies

Name Profile # Employees HQ Website
Big Ten Rentals View profile 11-50 Iowa City, Iowa, United States, North America https://bigtenrentals.com
Andrews Sykes Group View profile 101-250 Wolverhampton, Wolverhampton, United Kingdom, Europe https://www.andrews-sykes.com/
HVAC Rentals View profile 51-100 Bolton, Ontario, Canada, North America https://hvacrentals.ca
Dex Media View profile 1001-5000 Dallas, Texas, United States, North America http://www.dexmedia.com
Herc Holdings Inc View profile 7200 27500 Riverview Center Boulevard, Bonita Springs, FL, United States, 34134 https://www.hercrentals.com
Aggreko View profile 5001-10000 Glasgow, Glasgow City, United Kingdom, Europe http://www.plc.aggreko.com/
United Rentals Inc View profile 26300 100 First Stamford Place, Suite 700, Stamford, CT, United States, 06902 https://www.unitedrentals.com
Trane Technologies PLC Class A View profile 40000 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland https://www.tranetechnologies.com
Brookfield Business Partners LP View profile 72000 73 Front Street, 5th Floor, Hamilton, Bermuda, HM 12 https://www.bbu.brookfield.com
Carrier Global Corp Ordinary Shares View profile 53000 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 https://www.corporate.carrier.com
Caterpillar Inc View profile 121173 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 https://www.caterpillar.com
Johnson Controls International PLC View profile 102000 One Albert Quay, Cork, Ireland, T12 X8N6 https://www.johnsoncontrols.com

Asia Pacific hvac rental services 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 rental services market will help companies and investors design strategic landscapes.


Heating was the largest segment with a revenue share of 46.15% in 2024. Horizon Databook has segmented the Asia Pacific hvac rental services market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of hvac rental services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hvac rental services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hvac rental services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific hvac rental services market size, by country, 2018-2030 (US$M)

Asia Pacific HVAC Rental Services Market Outlook Share, 2024 & 2030 (US$M)

Asia Pacific hvac rental services market size, by country, 2018-2030 (US$M)

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