Japan Hvac Systems Market Size & Outlook, 2023-2030
Japan hvac systems market, 2018-2030 (US$M)
Related Markets
Japan hvac systems market highlights
- The Japan hvac systems market generated a revenue of USD 25,949.3 million in 2023 and is expected to reach USD 43,962.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, heat pump was the largest revenue generating equipment in 2023.
- Heat Pump 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 25,949.3 million |
| Market revenue in 2030 | USD 43,962.0 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| 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, Japan accounted for 11.1% 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 Asia Pacific, China hvac systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 14,371.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 61.6% in 2023. Horizon Databook has segmented the Japan 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.
Japan is one of the most highly developed countries in the world. According to the World Bank, the country’s GDP stood at USD 4.23 trillion in 2022. Some of the key industries contributing to the country’s economy include automotive, electronics, metals, machine tools, and textiles.
The Japanese government has its geopolitical strategy in place to reduce dependence on fossil fuels and promote energy-efficient equipment. The government has also decided to promote the use of energy-efficient products including HVAC systems. The Japanese government introduced two policies in 2018—New Energy and Energy Conservation—to promote the use of heat pumps.
These policies offer numerous benefits to consumers including rebates, incentives, and tax credits. Heat pumps in the country are extensively utilized for domestic water heating, space heating, and space cooling. Increasing demand for heat pumps in the commercial sector, including office buildings, medical facilities, schools, and malls, is expected to drive the market over the forecast period.
Reasons to subscribe to Japan hvac systems market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Japan hvac systems market databook
-
Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Japan hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan hvac systems market size, by equipment, 2018-2030 (US$M)
Japan HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
