Brazil Hvac Systems Market Size & Outlook, 2023-2030
Brazil hvac systems market, 2018-2030 (US$M)
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Brazil hvac systems market highlights
- The Brazil hvac systems market generated a revenue of USD 4,630.9 million in 2023 and is expected to reach USD 7,161.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.4% 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 4,630.9 million |
| Market revenue in 2030 | USD 7,161.4 million |
| Growth rate | 6.4% (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, Brazil accounted for 2.0% 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 |
|---|
Brazil 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 51.36% in 2023. Horizon Databook has segmented the Brazil 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.
In the healthcare industry, HVAC systems are used to maintain indoor air quality by filtering hazardous allergens and particulate matter and providing thermal comfort to patients. According to a report published by the International Trade Administration in December 2023, Brazil has one of the largest healthcare markets in Central & South America, spending approximately 9.47% of its GDP on the healthcare sector, which amounts to USD 161 billion.
Simultaneously, the rising population in Brazil is expected to drive the demand for healthcare facilities such as hospitals. To cater to this rising healthcare infrastructure demand, the Brazilian government has been working to improve healthcare facilities.
For instance, the Inter-American Development Bank approved a loan of USD 40 million to improve the health infrastructure in Ourinhos, Brazil. Due to these developments, the demand for hospitals and local care centers is expected to rise in the country which driving the HVAC systems in Brazil.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Brazil hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil hvac systems market size, by equipment, 2018-2030 (US$M)
Brazil HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
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