This statistic represents the global market size for the heating, ventilation, and air conditioning (HVAC) industry in 2017. In that year, split systems accounted for approximately **** billion U.S. dollars in the HVAC industry.

The Japan HVAC Market is Segmented by HVAC Equipment (Heating Equipment, Air Conditioning, Ventilation, and IAQ Equipment), HVAC Services (Installation and Commissioning, Maintenance and Repair (AMC), and More), End-User Industry (Residential, Commercial, and Industrial), and by Region. The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Producer Price Index by Industry: HVAC and Commercial Refrigeration Equipment (PCU3334133341) from Dec 2003 to Sep 2025 about heating, appliances, equipment, commercial, PPI, industry, inflation, price index, indexes, price, and USA.

The United Kingdom Commercial HVAC Market Report is Segmented by Type of Component (HVAC Equipment [Heating Equipment, Air Conditioning/Ventilation Equipment], and HVAC Services) and End-User Industry (Hospitality, Commercial Buildings, Public Buildings, and Others). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

In 2023, the Italy HVAC Systems Market reached a value of USD 4.50 billion, and it is projected to surge to USD 6.49 billion by 2030.

United Technologies Corporation’s Carrier segment (UTC) had one of the largest shares of the North American HVAC market. In 2018, the company’s net sales totaled **** billion U.S. dollars, an increase from the previous year. UTC Climate, Controls & Security is owned by UTC and provides HVAC products as well as fire safety and security solutions. HVAC industry The heating, ventilation, and air conditioning (HVAC) industry is based on technology that is used to provide thermal comfort and improve air quality indoors. Generally, the installation and controls are integrated into an HVAC system in individual buildings, however, HVAC systems may also be part of a larger district heating/cooling networks. Residential vs Commercial market HVAC systems are used in both the residential and commercial sectors. The residential market tends to be less complex than the commercial sector due to less competitors along the supply chain and the consolidation of the manufacturing and distribution processes. On the other hand, the commercial consists of more market players, due to market support has placed more importance on the efficiency of HVAC equipment.

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India HVAC Systems Market Size 2025-2029

The india hvac systems market size is forecast to increase by USD 3.5 billion at a CAGR of 10.5% between 2024 and 2029.

Market Size & Forecast

Market Opportunities: USD 108.03 billion
Market Future Opportunities: USD 3504.70 billion 
CAGR : 10.5%

Market Summary

The market is experiencing significant evolution, with a growing focus on energy efficiency and automation. Inverter HVAC systems, which adjust their power consumption based on temperature demands, are gaining popularity due to their energy savings potential. According to a market research study, the Indian inverter AC market is projected to reach a value of INR 25,000 crore by 2025, growing at a steady pace. Smart HVAC systems, which can be controlled remotely via smartphones or voice commands, are also gaining traction in India. The Indian smart HVAC systems market is expected to grow at a compound annual growth rate (CAGR) of over 15% between 2020 and 2025. This growth is driven by increasing urbanization, rising disposable incomes, and the desire for comfort and convenience. To cater to this growing demand, HVAC companies are investing heavily in research and development. For instance, some companies are developing HVAC systems with advanced features like air purification and humidity control. Others are integrating renewable energy sources, such as solar panels, to make HVAC systems more sustainable. In conclusion, the market is undergoing transformative changes, with a shift towards energy efficiency, automation, and sustainability. The market is expected to continue growing steadily, driven by urbanization, rising disposable incomes, and increasing awareness about energy efficiency. Companies that can innovate and adapt to these changing market dynamics will be well-positioned to succeed.

What will be the size of the India HVAC Systems Market during the forecast period?

Explore in-depth regional segment analysis with market size data with forecasts 2025-2029 - in the full report.
Request Free Sample The market continues to expand, driven by increasing construction activities and growing demand for energy efficiency and indoor air quality. According to estimates, the market size is projected to reach INR 1.5 trillion by 2025, growing at a compound annual growth rate (CAGR) of 12%. This growth is attributed to various factors, including stricter ventilation rate requirements, the adoption of zoning control strategies, and operational efficiency improvements. Duct leakage testing and filtration system design are becoming essential components of HVAC systems to meet green building initiatives and renewable energy integration. Furthermore, the integration of pipe insulation thickness, fan performance curves, and air distribution patterns in HVAC system design is gaining traction to enhance system performance and reduce energy consumption. Digital twin modeling and advanced control algorithms are also being adopted to optimize HVAC systems and improve overall energy efficiency. The market is witnessing significant advancements in areas such as VAV system controls, hvac load calculation, and control valve sizing, among others. Performance monitoring dashboards and refrigerant leak detection systems are essential tools for maintaining system efficiency and ensuring regulatory compliance. The integration of smart HVAC technology, thermal comfort modeling, and HVAC system optimization is further driving market growth. System pressure drops and thermal imaging analysis are crucial aspects of HVAC system design and maintenance, ensuring optimal performance and longevity.

How is this India HVAC Systems Market segmented?

The india hvac systems market market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029,for the following segments. ApplicationNon-residentialResidentialTypeCentralizedDecentralizedInstallation SitesNew installationRetrofitEquipmentHeat PumpFurnaceUnitary HeatersBoilersAir PurifierDehumidifierAir Handling UnitsVentilation FansAir ConditioningChillersCooling TowersOthersDistribution ChannelDirect SalesDistributorsOnline RetailGeographyAPACIndia

By Application Insights

The non-residential segment is estimated to witness significant growth during the forecast period.

The non-residential segment of India's HVAC systems market is currently led by commercial and industrial applications. This sector's growth is attributed to the expanding construction industry, infrastructure development, and increasing demand for office spaces. The construction sector's growth is a significant factor, with India experiencing rapid urbanization and favorable policies supporting commercial real estate. The demand for office spaces in India is on the rise and is anticipated to persist during the forecast period. He

In the United States, there were ******* plumbing and HVAC contractor establishments in 2022, most of which had less than 500 employees. Meanwhile, the smallest segment was that of refrigeration equipment and supplies merchant wholesalers, with just ***** establishments.

Dataset

This dataset was created by Sathish Kumar Babu

Contents

ServiceExperts is a leading provider of residential and commercial HVAC services, equipment, and solutions. With a focus on quality and customer satisfaction, the company has established itself as a reputable name in the industry, serving homeowners and businesses across the United States.

As a stalwart in the heating, ventilation, and air conditioning sector, ServiceExperts' portfolio includes a wide range of services, from installation and maintenance to repair and replacement of HVAC equipment. The company's commitment to excellence is evident in its dedicated team of experts, who work tirelessly to ensure that customers receive top-notch service and support every step of the way. By catering to a diverse customer base, ServiceExperts has built a reputation for reliability, trust, and expertise in the HVAC industry.

In 2023, the Singapore HVAC Systems Market reached a value of USD 904.1 million, and it is projected to surge to USD 1620.2 million by 2030.

The New York State Energy Research and Development Authority (NYSERDA), in collaboration with the New York State Department of Public Service (DPS), conducted a statewide residential baseline study (study) from 2011 to 2014 of the single-family and multifamily residential housing segments, including new construction, and a broad range of energy uses and efficiency measures. This dataset includes data from 47 completed Heating Ventilation and Air Conditioning (HVAC) contractor surveys. The survey sample was stratified by the size of the HVAC contractor company: 28 survey completes for small companies (defined as having 1-10 employees) and 19 survey completes for large companies (defined as larger than 10 employees.) The surveys focused on employer or company information, sales of energy efficient HVAC equipment, installation practices, training, and experience with NYS energy efficiency programs.

How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.

The North America Commercial HVAC Market Report is Segmented by Type of Component (HVAC Equipment [Heating Equipment, Air Conditioning/Ventilation Equipment] and HVAC Services), End-User Industry (Hospitality, Commercial Building, Public Building, and Other End-User Industries), and Country (United States and Canada). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2023, the Japan HVAC Systems Market reached a value of USD 9.37 billion, and it is projected to surge to USD 15.68 billion by 2030.

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HVAC Aftermarket Market Size 2025-2029

The hvac aftermarket market size is forecast to increase by USD 45.47 billion, at a CAGR of 9% between 2024 and 2029.

Major Market Trends & Insights

APAC dominated the market and accounted for a 32% growth during the forecast period.
By the Product - Air conditioning equipment segment was valued at USD 28.87 billion in 2023
By the End-user - Non-residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 95.95 billion
Market Future Opportunities: USD 45470.10 billion 
CAGR : 9%
APAC: Largest market in 2023

Market Summary

The market is a significant and continually evolving sector, driven by the ongoing demand for energy efficiency and indoor air quality improvements in various industries. According to recent reports, the global HVAC aftermarket is projected to reach a value of USD275 billion by 2025, growing at a steady pace. This expansion is primarily attributed to the increasing adoption of smart HVAC systems and the rising focus on energy efficiency in commercial and industrial applications. Moreover, the residential sector is also witnessing a surge in demand for HVAC aftermarket services due to the growing awareness of indoor air quality and the availability of financing options for energy-efficient upgrades. In contrast, the automotive HVAC aftermarket is expected to experience a more moderate growth rate due to the saturation of the market and the increasing focus on electric and hybrid vehicles. The HVAC aftermarket encompasses a wide range of products and services, including filters, sensors, controls, and repair and maintenance services. As businesses and consumers continue to prioritize energy efficiency and indoor air quality, the market is poised for continued growth and innovation.

What will be the Size of the HVAC Aftermarket Market during the forecast period?

Explore market size, adoption trends, and growth potential for hvac aftermarket market Request Free SampleThe HVAC aftermarket experiences consistent demand, with current sales representing approximately 20% of the total HVAC industry revenue. This figure underscores the significance of aftermarket services in the sector. Looking ahead, future growth is projected to reach 15%, underscoring the market's continuous evolution. Considerable investments in energy efficiency upgrades and HVAC automation contribute to the market's expansion. Replacement filters, compressor repair kits, and sensor calibration represent substantial revenue streams. In contrast, the demand for ventilation equipment and ductwork repair accounts for a smaller, yet essential portion of the market. The HVAC aftermarket's sizeable revenue from parts distribution networks and boiler maintenance underlines its importance in maintaining the functionality and longevity of heating and cooling systems. The integration of smart thermostats and remote monitoring systems further underscores the market's adaptability and innovation.

How is this HVAC Aftermarket Industry segmented?

The hvac aftermarket industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductAir conditioning equipmentHeating equipmentVentilation equipmentEnd-userNon-residentialResidentialDistribution ChannelOnline RetailSpecialty StoresDirect SalesDistributorsApplicationReplacement Parts (Compressors, Filters)Maintenance ServicesRefrigerantsControl SystemsGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKMiddle East and AfricaUAEAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Product Insights

The air conditioning equipment segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, with the air conditioning equipment segment poised for expansion due to various factors. Rising temperature and humidity levels worldwide necessitate the use of air conditioning equipment to maintain indoor air quality. Furthermore, increasing per capita income and consumer preference for air conditioning products are fueling the segment's growth. The data center industry's promising growth is another driving factor, as it requires substantial cooling solutions that can be provided through air conditioning equipment. Additionally, the trend toward energy-efficient air conditioning systems is positively impacting the market's expansion. Building management systems, heating system components, ventilation equipment, and dehumidification systems are other essential components of the HVAC aftermarket, experiencing growth due to the need for energy efficiency, system diagnostics, and indoor air quality improvements. The market's future growth is exp

In the six years up to 2019, the United States heating, ventilation, and air conditioning (HAVC) industry witnessed a period of growth as several zones - such as VAV and VRF - grew substantially. VRF or variable refrigerant flow experienced a faster growth than the overall market, with an annual growth ** percent in 2017. The source mentions that by 2019, there ware roughly ***** VRF projects. VAV or variable air volume was quite common on the U.S. East Coast and overall mirrored the overall market developments.

The United Kingdom HVAC Market is Segmented by Type of Component (HVAC Equipment, HVAC Services), End-User Industry (Residential, Commercial, Industrial), Installation Type (New Construction, Retrofit / Replacement), Capacity Range (Up To 5 KW, 5 – 20 KW, 20 – 50 KW, and More). The Market Forecasts are Provided in Terms of Value (USD).

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Residential HVAC Market Size 2025-2029

The residential HVAC market size is forecast to increase by USD 48.82 billion, at a CAGR of 8.8% between 2024 and 2029. The market is experiencing significant growth, driven primarily by the increasing demand for energy-efficient heating and cooling systems in the construction industry.

Major Market Trends & Insights

APAC dominated the market and accounted for a 49% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Type, the HVAC euipment segment led the market and was valued at USD 58.79 billion of the global revenue in 2023.
Based on the Product, the air conditioning system segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

2024 Market Size: USD 92.84 Billion
Future Opportunities: USD 48.82 Billion
CAGR (2024-2029): 8.8%
APAC: Largest market in 2023

The market is experiencing significant advancements, driven by the integration of smart grids and HVAC automation. Data analytics plays a crucial role in optimizing HVAC systems, enabling energy savings and improved customer satisfaction. HVAC innovation continues to evolve, with sustainable design and LEED certification gaining prominence in the industry. HVAC troubleshooting and repair techniques are being enhanced through remote monitoring and predictive maintenance. Building codes and regulations mandate higher energy efficiency standards, driving the demand for HVAC optimization software and commissioning services.

What will be the Size of the Residential HVAC Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, driven by advancements in technology and shifting consumer preferences. System commissioning, a critical process ensuring HVAC systems operate at peak efficiency, is increasingly prioritized. Refrigerant leak detection, for instance, has gained significance due to the environmental implications of refrigerant loss. Indoor air quality (IAQ) is another major focus, with EER and SEER ratings becoming essential considerations. Heat exchanger design and evaporator coil cleaning are key elements in maintaining optimal IAQ and energy efficiency. Air quality monitoring and duct sealing techniques further enhance system performance and user comfort. Energy Star certification, ventilation system design, and smart home integration are trends shaping the market.

Air balancing services, variable refrigerant flow, and HVAC system maintenance are essential components of modern systems. Humidifier installation, dehumidifier operation, and evaporative cooling systems cater to diverse climate requirements. Airflow measurement, cooling load calculation, and air handler selection are crucial aspects of system design. Variable speed drives, HVAC system zoning, pressure drop calculation, and energy efficiency ratings are essential for optimizing performance and reducing energy consumption. Blower motor efficiency, condenser coil cleaning, thermostat programming, heat pump efficiency, and HVAC system zoning are some areas where improvements can lead to substantial energy savings. Air filtration systems, dehumidifier operation, and evaporative cooling systems contribute to enhanced comfort and improved health.

According to industry reports, the market is expected to grow by over 5% annually, driven by increasing demand for energy-efficient systems and advanced technologies. For instance, a leading HVAC manufacturer reported a 15% increase in sales of smart thermostats in the last quarter.

How is this Residential HVAC Industry segmented?

The residential hvac industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.TypeHVAC equipmentHVAC servicesProductAir conditioning systemHeating systemVentilating systemInstallation TypeNew ConstructionRetrofit/ReplacementDistribution ChannelOnlineOfflineGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

By Type Insights

The HVAC equipment segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 58.79 billion in 2023. It continued to the largest segment at a CAGR of 7.02%.

HVAC market trends reflect a growing emphasis on energy efficiency and indoor air quality in both residential and commercial sectors. System commissioning ensures optimal performance of HVAC systems, reducing energy waste and improving comfort. Refrigerant leak detection is crucial for maintaining system efficiency and preventing environmental harm. Indoor a

Dataset

This dataset was created by Khaleel Ahamed

Released under CC0: Public Domain

Contents

HVAC Sample BOQ & Cost sheet

The HVAC Solutions market, encompassing heating, ventilation, and air conditioning systems, plays a crucial role in maintaining comfortable indoor environments across residential, commercial, and industrial sectors. With an ever-growing focus on energy efficiency and sustainability, HVAC systems are not just essenti