HVAC Equipment Market Report 2025 | Demand, Trends and Forecast by 2033

The global HVAC equipment market size reached USD 231.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 356.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.66%

𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐕𝐀𝐂 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: 𝐊𝐞𝐲 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝟐𝟎𝟐𝟓-𝟐𝟎𝟑𝟑 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: ● The global HVAC equipment market size reached USD 231.9 Billion in 2024. ● The market is expected to reach USD 356.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.66% during 2025-2033. ● North America leads the market, accounting for the largest HVAC equipment market share. ● Air conditioning accounts for the majority of the market share in the type segment because of the increasing need for climate control in diverse environments. ● Central holds the largest share in the HVAC equipment industry. ● Commercial remain a dominant segment in the market due to the rising focus on enhanced comfort in various settings. ● The rising demand for energy efficiency activities is a primary driver of the HVAC equipment market. ● Urbanization and infrastructure development and climate change and extreme weather conditions are reshaping the HVAC equipment market. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: ● 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲:

The demand for energy-efficient HVAC systems is increasing. This surge is due to higher energy costs and environmental concerns. Both consumers and businesses seek to reduce energy use and costs. Countries are promoting these systems through regulations and energy ratings. Choosing high-efficiency systems lowers bills and cuts greenhouse gas emissions. Meanwhile, smart HVAC systems are becoming feasible. These systems adjust based on real-time data, enhancing efficiency. This trend improves the environment, indoor comfort, and air quality.

● 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

The demand for HVAC equipment is rising due to more construction worldwide. As people move to cities, the need for efficient systems grows. These systems are vital for comfort in tall buildings, malls, and factories. Furthermore, governments are investing in projects to support this growth, especially in developing countries. There, rapid urbanization is evident. As cities expand, the need for reliable HVAC systems becomes crucial.

● 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐂𝐡𝐚𝐧𝐠𝐞 𝐚𝐧𝐝 𝐄𝐱𝐭𝐫𝐞𝐦𝐞 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬: Climate change and extreme weather are fueling the HVAC market. These changes have increased the need for efficient heating and cooling. Warmer regions now require better air conditioning for safety and comfort, especially for vulnerable people. Meanwhile, colder regions need reliable heating to cope with harsh winters. These climate changes are making people understand the importance of robust HVAC systems. Additionally, the push for climate resilience is fueling innovation. Manufacturers are now creating systems that adapt to extreme weather while remaining efficient.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/hvac-equipment-market/requestsample 𝐇𝐕𝐀𝐂 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐓𝐲𝐩𝐞: ● Heating ● Air Conditioning ● Ventilation ● Others Air conditioning accounts for the majority of shares because of the increasing need for climate control in diverse environments. 𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐒𝐲𝐬𝐭𝐞𝐦 𝐓𝐲𝐩𝐞: ● Central ● All-Air Systems ● All-Water Systems ● Air-Water Systems ● Water-Source Heat Pumps ● Heating and Cooling Panels ● Decentralized ● Local Heating Systems ● Local Cooling Systems ● Local Ventilation Systems ● Local Air-Conditioning Systems ● Split Systems Central dominates the market as it is cost-effective over the long term. 𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

● Residential ● Commercial ● Industrial Commercial represents the majority of shares due to the rising focus on enhanced comfort in various settings. 𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧: ● North America (United States, Canada) ● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) ● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) ● Latin America (Brazil, Mexico, Others) ● Middle East and Africa North America enjoys the leading position owing to a large market for HVAC equipment driven by the thriving construction sector. 𝐓𝐨𝐩 𝐇𝐕𝐀𝐂 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬: The HVAC equipment market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● Carrier Global Corporation ● Daikin Industries Ltd. ● Danfoss AS ● Emerson Electric Co. ● Honeywell International Inc. ● Johnson Controls International ● Lennox International Inc ● LG Electronics Inc. ● Mitsubishi Electric Corporation ● Panasonic Holdings Corporation ● Samsung Electronics Co. Ltd. ● Trane Technologies plc ● Whirlpool Corporation 𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐚𝐧𝐲 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US

IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: [e-mail] Tel No:(D) [phone] United States: [phone]