Argentina Hvac Systems Market Size & Outlook, 2023-2030
Argentina hvac systems market, 2018-2030 (US$M)
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Argentina hvac systems market highlights
- The Argentina hvac systems market generated a revenue of USD 2,372.5 million in 2023 and is expected to reach USD 3,560.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, air conditioning was the largest revenue generating equipment in 2023.
- Air Conditioning is the most lucrative equipment segment registering the fastest growth during the forecast period.
Hvac systems market data book summary
| Market revenue in 2023 | USD 2,372.5 million |
| Market revenue in 2030 | USD 3,560.1 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Air conditioning |
| Fastest growing segment | Air Conditioning |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global hvac systems market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hvac systems market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 7,161.4 million by 2030.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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.
Air conditioning was the largest segment with a revenue share of 56.75% in 2023. Horizon Databook has segmented the Argentina 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.
HVAC systems are used in residential and commercial buildings to maintain the supply of quality air and provide adequate ventilation. According to the World Bank, Argentina is considered an important economy in Central & South America, which expanded by 5% in 2022.
In 2023, the population of Argentina increased by 0.58% compared to 2022. Since 94.3% of its population resides in urban areas, there is a high demand for social infrastructure in the urban sector such as accommodation, medical, and education facilities.
To strengthen and develop these facilities, the government had taken a loan of USD 125 million from IDB to facilitate urbanization. Therefore, with the rising investment in social infrastructure, the demand for HVAC systems is anticipated to increase in the coming months
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Argentina hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina hvac systems market size, by equipment, 2018-2030 (US$M)
Argentina HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
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