2023-2031 Report on Global HVAC Systems Market by Player, Region, Type, Application and Sales Channel
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This report studies the HVAC Systems market, covering market size for segment by type (Heating, Ventilation, etc.), by application (Residential, Commercial, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Carrier Corporation, Daikin Industries, Emerson Electric, Johnson Controls, Lennox International, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for HVAC Systems from 2017-2022, and provides extensive market forecasts from 2023-2031 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the HVAC Systems market.
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
Leading players of HVAC Systems including:
Carrier Corporation
Daikin Industries
Emerson Electric
Johnson Controls
Lennox International
Trane Technologies
Hitachi
Haier Group
LG Electronics
Mitsubishi Electric
Rheem Manufacturing
Samsung Electronics
Market split by Type, can be divided into:
Heating
Ventilation
Cooling
Market split by Application, can be divided into:
Residential
Commercial
Industrial
Market split by Sales Channel, can be divided into:
Direct Channel
Distribution Channel
Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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Chapter 1 HVAC Systems Market Overview
1.1 HVAC Systems Definition
1.2 Global HVAC Systems Market Size Status and Outlook (2017-2031)
1.3 Global HVAC Systems Market Size Comparison by Region (2017-2031)
1.4 Global HVAC Systems Market Size Comparison by Type (2017-2031)
1.5 Global HVAC Systems Market Size Comparison by Application (2017-2031)
1.6 Global HVAC Systems Market Size Comparison by Sales Channel (2017-2031)
1.7 HVAC Systems Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/Expansion)
1.7.4 COVID-19 Impacts
1.7.5 Russia-Ukraine War Impacts
Chapter 2 HVAC Systems Market Segment Analysis by Player
2.1 Global HVAC Systems Sales and Market Share by Player (2020-2022)
2.2 Global HVAC Systems Revenue and Market Share by Player (2020-2022)
2.3 Global HVAC Systems Average Price by Player (2020-2022)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 HVAC Systems Market Segment Analysis by Type
3.1 Global HVAC Systems Market by Type
3.1.1 Heating
3.1.2 Ventilation
3.1.3 Cooling
3.2 Global HVAC Systems Sales and Market Share by Type (2017-2022)
3.3 Global HVAC Systems Revenue and Market Share by Type (2017-2022)
3.4 Global HVAC Systems Average Price by Type (2017-2022)
3.5 Leading Players of HVAC Systems by Type in 2022
3.6 Conclusion of Segment by Type
Chapter 4 HVAC Systems Market Segment Analysis by Application
4.1 Global HVAC Systems Market by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.2 Global HVAC Systems Revenue and Market Share by Application (2017-2022)
4.3 Leading Consumers of HVAC Systems by Application in 2022
4.4 Conclusion of Segment by Application
Chapter 5 HVAC Systems Market Segment Analysis by Sales Channel
5.1 Global HVAC Systems Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global HVAC Systems Revenue and Market Share by Sales Channel (2017-2022)
5.3 Leading Distributors/Dealers of HVAC Systems by Sales Channel in 2022
5.4 Conclusion of Segment by Sales Channel
Chapter 6 HVAC Systems Market Segment Analysis by Region
6.1 Global HVAC Systems Market Size and CAGR by Region (2017-2031)
6.2 Global HVAC Systems Sales and Market Share by Region (2017-2022)
6.3 Global HVAC Systems Revenue and Market Share by Region (2017-2022)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America HVAC Systems Market Share by Type
6.4.3 North America HVAC Systems Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe HVAC Systems Market Share by Type
6.5.3 Europe HVAC Systems Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific HVAC Systems Market Share by Type
6.6.3 Asia-Pacific HVAC Systems Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America HVAC Systems Market Share by Type
6.7.3 South America HVAC Systems Market Share by Application
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa HVAC Systems Market Share by Type
6.8.3 Middle East & Africa HVAC Systems Market Share by Application
6.8.4 UAE
6.8.5 Saudi Arabia
6.8.6 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading HVAC Systems Players
7.1 Carrier Corporation
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 Daikin Industries
7.3 Emerson Electric
7.4 Johnson Controls
7.5 Lennox International
7.6 Trane Technologies
7.7 Hitachi
7.8 Haier Group
7.9 LG Electronics
7.10 Mitsubishi Electric
7.11 Rheem Manufacturing
7.12 Samsung Electronics
Chapter 8 Upstream and Downstream Analysis of HVAC Systems
8.1 Industrial Chain of HVAC Systems
8.2 Upstream of HVAC Systems
8.3 Downstream of HVAC Systems
Chapter 9 Development Trend of HVAC Systems (2023-2031)
9.1 Global HVAC Systems Market Size (Sales and Revenue) Forecast (2023-2031)
9.2 Global HVAC Systems Market Size and CAGR Forecast by Region (2023-2031)
9.3 Global HVAC Systems Market Size and CAGR Forecast by Type (2023-2031)
9.4 Global HVAC Systems Market Size and CAGR Forecast by Application (2023-2031)
9.5 Global HVAC Systems Market Size and CAGR Forecast by Sales Channel (2023-2031)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
Tables & Figures:
List of Tables and Figures
Figure HVAC Systems Example
Figure Global HVAC Systems Revenue (Million $) Status and Outlook (2017-2031)
Figure Global HVAC Systems Revenue (Million $) Comparison by Region (2017-2031)
Figure Global HVAC Systems Revenue (Million $) Comparison by Type (2017-2031)
Figure Global HVAC Systems Revenue (Million $) Comparison by Application (2017-2031)
Figure Global HVAC Systems Revenue (Million $) Comparison by Sales Channel (2017-2031)
Table Global HVAC Systems Sales by Player (2020-2022)
Table Global HVAC Systems Sales Market Share by Player (2020-2022)
Figure Global HVAC Systems Sales Market Share by Player in 2022
Table Global HVAC Systems Revenue (Million $) by Player (2020-2022)
Table Global HVAC Systems Revenue Market Share by Player (2020-2022)
Figure Global HVAC Systems Revenue Market Share by Player in 2022
Table Global HVAC Systems Average Price by Player (2020-2022)
Figure Global HVAC Systems Average Price by Player in 2022
Figure Global HVAC Systems Players Competition Situation – Top 5 Players’ Revenue Market Share in 2020
Figure Global HVAC Systems Players Competition Trends – Top 5 Players’ Revenue Market Share in 2022
Figure Example of Heating
Figure Global Heating Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Ventilation
Figure Global Ventilation Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Cooling
Figure Global Cooling Revenue (Million $) and Growth Rate (2017-2022)
Table Global HVAC Systems Sales by Type (2017-2022)
Table Global HVAC Systems Sales Market Share by Type (2017-2022)
Figure Global HVAC Systems Sales Market Share by Type in 2022
Table Global HVAC Systems Revenue (Million $) by Type (2017-2022)
Table Global HVAC Systems Revenue Market Share by Type (2017-2022)
Figure Global HVAC Systems Revenue Market Share by Type in 2022
Table Global HVAC Systems Average Price by Type (2017-2022)
Figure Global HVAC Systems Average Price by Type in 2022
Table Leading Players of HVAC Systems by Type in 2022
Figure Example of Residential
Figure Global HVAC Systems for Residential Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Commercial
Figure Global HVAC Systems for Commercial Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Industrial
Figure Global HVAC Systems for Industrial Revenue (Million $) and Growth Rate (2017-2022)
Table Global HVAC Systems Sales by Application (2017-2022)
Table Global HVAC Systems Sales Market Share by Application (2017-2022)
Figure Global HVAC Systems Sales Market Share by Application in 2022
Table Leading Consumers of HVAC Systems by Application in 2022
Figure Example of Direct Channel
Figure Global HVAC Systems for Direct Channel Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Distribution Channel
Figure Global HVAC Systems for Distribution Channel Revenue (Million $) and Growth Rate (2017-2022)
Table Global HVAC Systems Revenue by Sales Channel (2017-2022)
Table Global HVAC Systems Revenue Market Share by Sales Channel (2017-2022)
Figure Global HVAC Systems Revenue Market Share by Sales Channel in 2022
Table Leading Distributors/Dealers of HVAC Systems by Sales Channel in 2022
Table Global HVAC Systems Market Size and CAGR by Region (2017-2031)
Table Global HVAC Systems Sales by Region (2017-2022)
Table Global HVAC Systems Sales Market Share by Region (2017-2022)
Figure Global HVAC Systems Sales Market Share by Region in 2022
Table Global HVAC Systems Revenue (Million $) by Region (2017-2022)
Table Global HVAC Systems Revenue Market Share by Region (2017-2022)
Figure Global HVAC Systems Revenue Market Share by Region in 2022
Table North America HVAC Systems Sales by Country (2017-2022)
Figure North America HVAC Systems Sales Market Share by Country (2017-2022)
Table North America HVAC Systems Revenue by Country (2017-2022)
Figure North America HVAC Systems Revenue Market Share by Country (2017-2022)
Figure North America HVAC Systems Market Share by Type in 2022
Figure North America HVAC Systems Market Share by Application in 2022
Figure United States HVAC Systems Sales and Growth Rate (2017-2022)
Figure United States HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Canada HVAC Systems Sales and Growth Rate (2017-2022)
Figure Canada HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Mexico HVAC Systems Sales and Growth Rate (2017-2022)
Figure Mexico HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Table Europe HVAC Systems Sales by Country (2017-2022)
Figure Europe HVAC Systems Sales Market Share by Country (2017-2022)
Table Europe HVAC Systems Revenue by Country (2017-2022)
Figure Europe HVAC Systems Revenue Market Share by Country (2017-2022)
Figure Europe HVAC Systems Market Share by Type in 2022
Figure Europe HVAC Systems Market Share by Application in 2022
Figure Germany HVAC Systems Sales and Growth Rate (2017-2022)
Figure Germany HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure UK HVAC Systems Sales and Growth Rate (2017-2022)
Figure UK HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure France HVAC Systems Sales and Growth Rate (2017-2022)
Figure France HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Italy HVAC Systems Sales and Growth Rate (2017-2022)
Figure Italy HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Russia HVAC Systems Sales and Growth Rate (2017-2022)
Figure Russia HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Spain HVAC Systems Sales and Growth Rate (2017-2022)
Figure Spain HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Table Asia-Pacific HVAC Systems Sales by Country (2017-2022)
Figure Asia-Pacific HVAC Systems Sales Market Share by Country (2017-2022)
Table Asia-Pacific HVAC Systems Revenue by Country (2017-2022)
Figure Asia-Pacific HVAC Systems Revenue Market Share by Country (2017-2022)
Figure Asia-Pacific HVAC Systems Market Share by Type in 2022
Figure Asia-Pacific HVAC Systems Market Share by Application in 2022
Figure China HVAC Systems Sales and Growth Rate (2017-2022)
Figure China HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Japan HVAC Systems Sales and Growth Rate (2017-2022)
Figure Japan HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Korea HVAC Systems Sales and Growth Rate (2017-2022)
Figure Korea HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure India HVAC Systems Sales and Growth Rate (2017-2022)
Figure India HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Southeast Asia HVAC Systems Sales and Growth Rate (2017-2022)
Figure Southeast Asia HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Australia HVAC Systems Sales and Growth Rate (2017-2022)
Figure Australia HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Table South America HVAC Systems Sales by Country (2017-2022)
Figure South America HVAC Systems Sales Market Share by Country (2017-2022)
Table South America HVAC Systems Revenue by Country (2017-2022)
Figure South America HVAC Systems Revenue Market Share by Country (2017-2022)
Figure South America HVAC Systems Market Share by Type in 2022
Figure South America HVAC Systems Market Share by Application in 2022
Figure Brazil HVAC Systems Sales and Growth Rate (2017-2022)
Figure Brazil HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Argentina HVAC Systems Sales and Growth Rate (2017-2022)
Figure Argentina HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Colombia HVAC Systems Sales and Growth Rate (2017-2022)
Figure Colombia HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Table Middle East & Africa HVAC Systems Sales by Country (2017-2022)
Figure Middle East & Africa HVAC Systems Sales Market Share by Country (2017-2022)
Table Middle East & Africa HVAC Systems Revenue by Country (2017-2022)
Figure Middle East & Africa HVAC Systems Revenue Market Share by Country (2017-2022)
Figure Middle East & Africa HVAC Systems Market Share by Type in 2022
Figure Middle East & Africa HVAC Systems Market Share by Application in 2022
Figure UAE HVAC Systems Sales and Growth Rate (2017-2022)
Figure UAE HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure Saudi Arabia HVAC Systems Sales and Growth Rate (2017-2022)
Figure Saudi Arabia HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Figure South Africa HVAC Systems Sales and Growth Rate (2017-2022)
Figure South Africa HVAC Systems Revenue (Million $) and Growth Rate (2017-2022)
Table Company Snapshot of Carrier Corporation
Table HVAC Systems Introduction of Carrier Corporation
Table HVAC Systems Sales, Price, Revenue, Gross Margin and Market Share of Carrier Corporation (2020-2022)
Table Industrial Chain of HVAC Systems
Table Manufacturing Cost Structure of HVAC Systems
Table General Manufacturing Process of HVAC Systems
Table Leading Distributors/Dealers of HVAC Systems
Table Leading Consumers of HVAC Systems
Figure Global HVAC Systems Sales and Growth Rate Forecast (2023-2031)
Figure Global HVAC Systems Revenue and Growth Rate Forecast (2023-2031)
Table Global HVAC Systems Market Size and CAGR Forecast by Region (2023-2031)
Table Global HVAC Systems Market Size and CAGR Forecast by Type (2023-2031)
Table Global HVAC Systems Market Size and CAGR Forecast by Application (2023-2031)
Table Global HVAC Systems Market Size and CAGR Forecast by Sales Channel (2023-2031)
Research Methodology:
HVAC Systems Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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