Global Hvac Systems Market Size & Outlook, 2023-2030
Global hvac systems market, 2018-2030 (US$M)
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Global hvac systems market highlights
- The global hvac systems market generated a revenue of USD 233,554.1 million in 2023 and is expected to reach USD 382,656.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.3% by 2030.
- In terms of segment, heat pump accounted for a revenue of USD 88,228.2 million in 2023.
- Heat Pump is the most lucrative equipment segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Chile is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 233,554.1 million |
| Market revenue in 2030 | USD 382,656.4 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump, Furnace, Unitary Heaters, Boilers, Air Purifier, Dehumidifier, Air Handling Units, Ventilation Fans, Air Conditioning, Chillers, Cooling Towers |
Other key industry trends
- In terms of revenue, the North America accounted for 15.9% of the global hvac systems market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Chile is the fastest growing regional market and is projected to reach USD 1,841.1 million by 2030.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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.
Heat pump was the largest segment with a revenue share of 37.78% in 2023. Horizon Databook has segmented the Global hvac systems market based on heat pump, furnace, unitary heaters, boilers, air purifier, dehumidifier, air handling units, ventilation fans, air conditioning, chillers, cooling towers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global HVAC Systems Equipment Outlook (Revenue, USD million, 2018-2030)
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Air Purifier
- Dehumidifier
- Air Handling Units
- Ventilation Fans
- Air Conditioning
- Chillers
- Cooling Towers
- Others
- Global HVAC Systems End Use Outlook (Revenue, USD million, 2018-2030)
- Resisdential
- Commercial
- Industrial
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hvac systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hvac systems market size, 2023 (US$M)
Global hvac systems market share, by equipment, 2023 & 2030 (%, US$M)
Hvac systems market: Opportunity assessment by country
Global hvac systems market, by region, 2023 (US$M)
| Equipment | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 28,688.2 | 30,193.7 | 29,776.6 | 32,447.4 | 34,988.5 | 37,214.5 | 39,629.8 | 42,024.5 | 45,017.8 | 48,252.6 | 51,853.1 | 55,820.6 | 60,149.8 | 7.1% |
| Europe | 43,023.9 | 45,698.1 | 45,703.5 | 48,374.4 | 52,061.8 | 55,267.6 | 58,742.7 | 62,530.2 | 66,773.0 | 71,192.0 | 76,031.0 | 81,429.1 | 87,459.6 | 6.8% |
| Asia Pacific | 80,652.0 | 85,525.3 | 84,982.5 | 93,308.0 | 101,381.5 | 108,654.9 | 116,593.3 | 125,433.6 | 135,542.0 | 146,387.5 | 158,137.3 | 171,125.1 | 185,553.2 | 8.0% |
| Latin America | 10,240.4 | 10,714.3 | 10,503.7 | 11,377.6 | 12,194.9 | 12,892.3 | 13,645.4 | 14,463.3 | 15,520.9 | 16,675.2 | 17,928.4 | 19,333.1 | 19,147.4 | 5.8% |
| MEA | 15,180.1 | 15,444.0 | 14,479.8 | 17,083.1 | 18,389.2 | 19,524.8 | 20,755.0 | 22,201.5 | 23,195.4 | 24,138.5 | 25,623.2 | 26,906.7 | 30,346.4 | 6.5% |
| Overall | 177,784.5 | 187,575.4 | 185,446.1 | 202,590.5 | 219,015.9 | 233,554.1 | 249,366.2 | 266,653.1 | 286,049.1 | 306,645.6 | 329,572.9 | 354,614.6 | 382,656.4 | 7.3% |
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