HVAC Equipment Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR43567

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The hvac equipment market size will grow up to $ 41.82 bn at a CAGR of 6.15% during 2021-2025.

This hvac equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by Product (Ventilation equipment, Heating equipment, and Air conditioning equipment), End-user (Non-residential and Residential), and Geography (APAC, Europe, North America, MEA, and South America). The hvac equipment market report also offers information on several market vendors, including Daikin Industries Ltd., Fujitsu Ltd., Haier Smart Home Co. Ltd., Ingersoll Rand Inc, Johnson Controls International Plc, LG Electronics Inc., MIDEA GROUP, Nortek Inc., Robert Bosch GmbH, and Samsung Electronics Co. Ltd. among others.

What will the HVAC Equipment Market Size be in 2021?

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HVAC Equipment Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the increasing residential and commercial construction activities are notably supporting the hvac equipment market growth. However, one of the foremost factors impeding market growth is stringent regulations. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic hvac equipment market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the hvac equipment market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major HVAC Equipment Market Vendors?

The hvac equipment market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

  • Daikin Industries Ltd.
  • Fujitsu Ltd.
  • Haier Smart Home Co. Ltd.
  • Ingersoll Rand Inc
  • Johnson Controls International Plc
  • LG Electronics Inc.
  • Nortek Inc.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.

The hvac equipment market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The hvac equipment market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the hvac equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for HVAC Equipment Market?

HVAC Equipment Market Share by Geography

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The hvac equipment market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 53% of the market’s growth will originate from APAC during the forecast period. China, US, Japan, Germany, and UK are the key markets for hvac equipment market in APAC.

APAC has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in APAC is cost advantages associated with renting hvac equipment. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the HVAC Equipment Market?

HVAC Equipment Market Share by Product

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The hvac equipment market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides thorough hvac equipment market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the hvac equipment market size.

HVAC Equipment Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 6.15%

Market growth 2021-2025

$ 41.82 billion

Market structure


YoY growth (%)


Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Daikin Industries Ltd., Fujitsu Ltd., Haier Smart Home Co. Ltd., Ingersoll Rand Inc, Johnson Controls International Plc, LG Electronics Inc., MIDEA GROUP, Nortek Inc., Robert Bosch GmbH, and Samsung Electronics Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this HVAC Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hvac equipment market growth during the next five years
  • Precise estimation of the hvac equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hvac equipment market across APAC, Europe, North America, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hvac equipment market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The hvac equipment market growth will increase by $34.91 billion during 2019-2024.
The hvac equipment market is expected to grow at a CAGR of 4.99% during 2019-2024.
Technavio has segmented the hvac equipment market by product (Air conditioning equipment, Heating equipment, and Ventilation equipment) and geographic (APAC, North America, Europe, MEA, and South America).
Daikin Industries Ltd., Fujitsu Ltd., Ingersoll-Rand Plc, Johnson Controls International Plc, LG Electronics Inc., Midea Group Co. Ltd., Nortek Global HVAC LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., United Technologies Corp. are a few of the key vendors in the hvac equipment market.
APAC will register the highest growth rate of 58.35% among the other regions. Therefore, the hvac equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • UK
  • India
The key factors driving the hvac equipment market growth are:
  • Increasing residential and commercial construction activities
  • Growing adoption of prefabricated construction solutions
The hvac equipment market vendors should focus on grabbing business opportunities from the air conditioning equipment segment as it accounted for the largest market share in the base year.
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