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Executive Summary
Azoth Analytics has released a research report titled Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market (2023 Edition) which provides a complete analysis of the Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) industry in terms of market segmentation By Product Type (Cooling, Refrigeration, Heating, and Ventilation or Indoor Air Quality), User Type (Commercial, Residential), By Region (North America, Europe, Asia-pacific, and ROW), and By Country for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market attained a market value of USD 267.86 Billion in 2022 witnessing a growth of 3.37% during 2019-2022.
While air conditioning is ubiquitous in many warmer developed economies, emerging nations with a rising middle class are going to continue to drive unit demand. Once air conditioning is introduced, it quickly spreads from transportation hubs, commercial enterprises, and ultimately to the home, bolstering the market growth.
The emerging need to reduce volatile energy costs, and supportive government policies that are being introduced in pursuit of net zero carbon emissions will further accelerate the growth in future. The Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market is expected to grow in the forecast period and register a market value of USD 370.62 Billion in 2029 at a CAGR of 4.5% during the forecast period.
The Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) market are propelled by the ever-increasing old age population across the globe, burgeoning demand for sustainable, environmental products clubbed with growing awareness among consumers regarding the impact of these products on the environment will spur the market growth in future.
Factors such as a growing population, growing construction industry, and rising disposable incomes contribute to the market's expansion supported by increasing awareness related to the impact of bad air on the human body with an increasing number of people suffering from lung diseases will supplement the growth. Other features of the market include an increasing number of leading companies investing heftily in offering technologically advanced HVAC-R products coupled with burgeoning demand for cooling equipment including ACs and refrigerators during the summer season will infuse robust growth in the market in future.
Scope of the Report
- The report analyses the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market by Value (USD Billion)
- The report presents the analysis of the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
- The report analyses the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market By Product Type (Cooling, Refrigeration, Heating, and Ventilation or Indoor Air Quality).
- The report analyses the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market By User Type (Commercial, Residential).
- The key insights of the report have been presented through the frameworks of SWOT and Porters Five Forces Analysis.
- Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Daikin, Ingersoll Rand, Panasonic, Midea Group, Haier, Gree Electric, Voltas, LG Electronics, Envicool, Mitsubishi Electric.
Table of Contents
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Invest in Advanced Cooling Technology
2.2 Expanding product portfolio to offer products with high energy efficiency ratings
3. Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Historic and Forecast (2019-2029)
3.1 Impact Analysis of Macro Economic Factors on Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market
3.2 GDP Per Capita, By Country (2022)
3.3 Share of People Living in the Urban Areas Across the Globe
3.4 Internet Users, By Country
3.5 Cellphone Users, By Country and Top 50 Countries With the Largest Percentage of Older Adults
3.6 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Dashboard
3.7 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
3.8 Degree of Impact of COVID-19 on the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market
3.9 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By Product Type
3.9.1 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type Overview
3.9.2 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
3.9.3 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)3.9.4 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
3.9.5 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
3.10 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By User Type
3.10.1 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type Overview
3.10.2 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
3.10.3 Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
4. Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Historic and Forecast (2019-2029)
5.1 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Snapshot
5.2 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
5.3 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Key Factors
5.4 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By Product Type
5.4.1 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type Overview
5.4.2 North America HVAC-R Market Size, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
5.4.3 North America HVAC-R Market Size, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
5.4.4 North America HVAC-R Market Size, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
5.4.5 North America HVAC-R Market Size, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
5.5 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By User Type
5.5.1 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type Overview
5.5.2 North America HVAC-R Market Size, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
5.5.3 North America HVAC-R Market Size, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
5.6 North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By Country
5.6.1 United States Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)5.6.1.1 United States Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
5.6.1.2 United States Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
5.6.2 Canada Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
5.6.2.1 Canada Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
5.6.2.2 Canada Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
6. Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Historic and Forecast (2019-2029)
6.1 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Snapshot
6.2 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.3 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Key Factors
6.4 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By Product Type
6.4.1 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type Overview
6.4.2 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
6.4.3 Europe HVAC-R Market Size, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
6.4.4 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
6.4.5 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
6.5 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By User Type
6.5.1 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type Overview
6.5.2 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
6.5.3 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
6.6 Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By Country
6.6.1 United Kingdom HVAC-R Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.6.1.1 United Kingdom HVAC-R Market, By Product Type
6.6.1.2 United Kingdom HVAC-R Market, By User Type
6.6.2 France Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.6.2.1 France Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
6.6.2.2 France Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
6.6.3 Germany Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.6.3.1 Germany Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
6.6.3.2 Germany Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
6.6.4 Italy Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.6.4.1 Italy Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
6.6.4.2 Italy Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
6.6.5 Rest of Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.6.5.1 Rest of Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
6.6.5.2 Rest of Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
7. Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Historic and Forecast (2019-2029)
7.1 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Snapshot
7.2 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.3 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Key Factors
7.4 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By Product Type
7.4.1 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type Overview
7.4.2 Asia Pacific HVAC-R Market Size, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
7.4.3 Asia Pacific HVAC-R Market Size, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
7.4.4 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
7.4.5 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
7.5 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By User Type
7.5.1 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type Overview
7.5.2 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
7.5.3 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
7.6 Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By Country
7.6.1 China Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.6.1.1 China Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
7.6.1.2 China Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
7.6.2 Japan Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.7.2.1 Japan Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
7.7.2.2 Japan Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
7.6.3 India Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.6.3.1 India Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
7.6.3.2 India Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
7.6.4 South Korea Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.6.4.1 South Korea Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
7.6.4.2 South Korea Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
7.6.5 Rest of Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.6.5.1 Rest of Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type
7.6.5.2 Rest of Asia Pacific Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type
8. Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Historic and Forecast (2019-2029)
8.1 Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Snapshot
8.2 Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
8.3 Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market: Key Factors
8.4 Rest of the World HVAC-R Market Segmentation: By Product Type
8.4.1 Rest of the World HVAC-R Market, By Product Type Overview
8.4.2 Rest of the World HVAC-R Market Size, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
8.4.3 Rest of the World HVAC-R Market Size, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
8.4.4 Rest of the World HVAC-R Market Size, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
8.4.5 Rest of the World HVAC-R Market Size, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
8.5 Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Segmentation: By User Type
8.5.1 Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type Overview
8.5.2 Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
8.5.3 Rest of the World Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
9. Market Dynamics
9.1 Impact Assessment of Market Dynamics on Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Macro-Economic Factor Assessment
10.2 Porter Analysis
11. Competitive Landscape
11.1 Competitive Positioning
11.2 Prominent Companies Market Share
11.3 Company Profiles
11.3.1 Daikin
11.3.2 Ingersoll Rand
11.3.3 Panasonic
11.3.4 Midea Group
11.3.5 Haier
11.3.6 Gree Electric
11.3.7 Voltas
11.3.8 LG Electronics
11.3.9 Envicool
11.3.10 Mitsubishi Electric
List of Figures
Figure 1: GDP Per Capita, By Countries, 2022 (In USD)
Figure 2: Global Energy Consumption, By Countries (In Mtoe), 2022
Figure 3: Global Energy Consumption Trend, By Region (In Mtoe), 1990-2022
Figure 4: Share of People Living in Urban Area, 2021
Figure 5: Internet Users, By Country, 2022
Figure 6: Cellphone Users, By Country, 2022
Figure 7: Top 50 Countries With the Largest Percentage of Older Adults, 2022
Figure 8: Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Value, 2019-2022 (USD Billion)
Figure 9: Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Value, 2023-2029 (USD Billion)
Figure 10: Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, 2022 (%)
Figure 11: Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 12: Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Absolute Opportunity, By Cooling, 2019H-2029F (USD Billion)
Figure 13: Global Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 14: Global HVAC-R Market Absolute Opportunity, By Refrigeration, 2019H-2029F (USD Billion)
Figure 15: Global HVAC-R Market Size, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 16: Global HVAC-R Market Absolute Opportunity, By Heating, 2019H-2029F (USD Billion)
Figure 17: Global HVAC-R Market Size, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 18: Global HVAC-R Market Absolute Opportunity, By Ventilation or Indoor Air Quality, 2019H-2029F (USD Billion)
Figure 19: Global HVAC-R Market Size, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 20: Global HVAC-R Market Absolute Opportunity, By Commercial, 2019H-2029F (USD Billion)
Figure 21: Global HVAC-R Market Size, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 22: Global HVAC-R Market Absolute Opportunity, By Residential, 2019H-2029F (USD Billion)
Figure 23: North America HVAC-R Market Size, By Value, 2019H-2029F (USD Billion)
Figure 24: North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, 2022 (%)
Figure 25: North America HVAC-R Market, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 26: North America Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 27: North America HVAC-R Market, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 28: North America HVAC-R Market, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 29: North America HVAC-R Market, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 30: North America HVAC-R Market, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 31: United States HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 32: United States HVAC-R Market Value, By Product Type, 2022 (USD Billion)
Figure 33: United States HVAC-R Market Share, By Product Type, By Value, 2022 (%)
Figure 34: United States HVAC-R Market Share, By User Type, By Value, 2022 (%)
Figure 35: Canada HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 36: Canada HVAC-R Market Value, By Product Type, 2022 (USD Billion)
Figure 37: Canada HVAC-R Market Share, By Product Type, By Value, 2022 (%)
Figure 38: Canada Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By User Type, By Value, 2022 (%)
Figure 39: Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Size, By Value, 2019H-2029F (USD Billion)
Figure 40: Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, 2022 (%)
Figure 41: Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 42: Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 43: Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 44: Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 45: Europe Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 46: Europe HVAC-R Market, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 47: United Kingdom HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 48: United Kingdom HVAC-R Market Value, By Product Type, 2022 (USD Billion)
Figure 49: United Kingdom HVAC-R Market Share, By Product Type, By Value, 2022 (%)
Figure 50: United Kingdom HVAC-R Market Share, By User Type, By Value, 2022 (%)
Figure 51: France HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 52: France Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Value, By Product Type, 2022 (USD Billion)
Figure 53: France Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, By Value, 2022 (%)
Figure 54: France Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By User Type, By Value, 2022 (%)
Figure 55: Germany HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 56: Germany HVAC-R Market Value, By Product Type, 2022 (USD Billion)
Figure 57: Germany HVAC-R Market Share, By Product Type, By Value, 2022 (%)
Figure 58: Germany Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By User Type, By Value, 2022 (%)
Figure 59: Italy Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 60: Italy Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Value, By Product Type, 2022 (USD Billion)
Figure 61: Italy Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, By Value, 2022 (%)
Figure 62: Italy Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By User Type, By Value, 2022 (%)
Figure 63: Rest of Europe HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 64: Rest of Europe HVAC-R Market Value, By Product Type, 2022 (USD Billion)
Figure 65: Rest of Europe HVAC-R Market Share, By Product Type, By Value, 2022 (%)
Figure 66: Rest of Europe HVAC-R Market Share, By User Type, By Value, 2022 (%)
Figure 67: Asia Pacific HVAC-R Market Size, By Value, 2019H-2029F (USD Billion)
Figure 68: Asia Pacific HVAC-R Market Share, By Product Type, 2022 (%)
Figure 69: Asia Pacific HVAC-R Market, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 70: Asia Pacific HVAC-R Market, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 71: Asia Pacific HVAC-R Market, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 72: Asia Pacific HVAC-R Market, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 73: Asia Pacific HVAC-R Market, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 74: Asia Pacific HVAC-R Market, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 75: China Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 76: China Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Value, By Product Type, 2022 (USD Billion)
Figure 77: China Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, By Value, 2022 (%)
Figure 78: China Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By User Type, By Value, 2022 (%)
Figure 79: Japan Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 80: Japan Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Value, By Product Type, 2022 (USD Billion)
Figure 81: Japan Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, By Value, 2022 (%)
Figure 82: Japan Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By User Type, By Value, 2022 (%)
Figure 83: India Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 84: India Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Value, By Product Type, 2022 (USD Billion)
Figure 85: India Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By Product Type, By Value, 2022 (%)
Figure 86: India Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market Share, By User Type, By Value, 2022 (%)
Figure 87: South Korea HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 88: South Korea HVAC-R Market Value, By Product Type, 2022 (USD Billion)
Figure 89: South Korea HVAC-R Market Share, By Product Type, By Value, 2022 (%)
Figure 90: South Korea HVAC-R Market Share, By User Type, By Value, 2022 (%)
Figure 91: Rest of Asia Pacific HVAC-R Market, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 92: Rest of Asia Pacific HVAC-R Market Value, By Product Type, 2022 (USD Billion)
Figure 93: Rest of Asia Pacific HVAC-R Market Share, By Product Type, By Value, 2022 (%)
Figure 94: Rest of Asia Pacific HVAC-R Market Share, By User Type, By Value, 2022 (%)
Figure 95: Rest of the World HVAC-R Market Size, By Value, 2019H-2029F (USD Billion)
Figure 96: Rest of the World HVAC-R Market Share, By Product Type, 2022 (%)
Figure 97: Rest of the World HVAC-R Market, By Cooling, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 98: Rest of the World HVAC-R Market, By Refrigeration, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 99: Rest of the World HVAC-R Market, By Heating, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 100: Rest of the World HVAC-R Market, By Ventilation or Indoor Air Quality, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 101: Rest of the World HVAC-R Market, By Commercial, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 102: Rest of the World HVAC-R Market, By Residential, By Value, 2019H-2029F (USD Billion & CAGR)
Figure 103: Market Share of Prominent Companies in HVAC-R Electronics, 2022 (%)
Figure 104: Daikin Revenue, 2020-2022 (USD Billion)
Figure 105: Daikin Revenue, By Business Segments, 2022 (%)
Figure 106: Daikin Revenue, By Geographical Segment, 2022 (%)
Figure 107: Ingersoll Rand Revenue, 2020-2022 (USD Billion)
Figure 108: Ingersoll Rand Revenue, By Business Segments, 2022 (%)
Figure 109: Ingersoll Rand Revenue, By Geographical Segment, 2022 (%)
Figure 110: Panasonic Revenues, 2020-2022 (USD Billion)
Figure 111: Panasonic Revenues, By Business Segments, 2022 (%)
Figure 112: Panasonic Revenue, By Geographical Segments, 2022 (%)
Figure 113: Midea Group Revenues, 2020-2022 (USD Billion)
Figure 114: Midea Group Revenues, By Business Segments, 2022 (%)
Figure 115: Haier Revenues, 2020-2021 (USD Billion)
Figure 116: Haier Revenues, By Business Segments, 2021 (%)
Figure 117: Haier Revenues, By Geographical Segments, 2021 (%)
Figure 118: Voltas Revenues, 2020-2021 (USD Million)
Figure 119: Voltas Revenues, By Business Segments, 2021 (%)
Figure 120: Voltas Revenues, By Geographical Segments, 2021 (%)
Figure 121: LG Electronics Revenues, 2020-2021 (USD Billion)
Figure 122: LG Electronics Revenues, By Business Segments, 2021 (%)
Figure 123: Mitsubishi Electric Revenues, 2020-2021 (USD Million)
Figure 124: Mitsubishi Electric Revenues, By Business Segments, 2021 (%)
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A3: United States Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A4: United States Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A5: United States Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A6: Canada HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A7: Canada HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A8: Canada HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A9: Canada HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A10: United Kingdom HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A11: United Kingdom HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A12: United Kingdom HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A13: United Kingdom HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A14: France HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A15: France HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A16: France HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A17: France HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A18: Germany HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A19: Germany HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A20: Germany HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A21: Germany HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A22: Italy HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A23: Italy HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A24: Italy HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A25: Italy HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A26: Rest of Europe HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A27: Rest of Europe HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A28: Rest of Europe HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A29: Rest of Europe HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A30: China HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A31: China HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A32: China HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A33: China HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A34: Japan HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A35: Japan HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A36: Japan HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A37: Japan HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A38: India HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A39: India HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A40: India HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A41: India HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A42: South Korea HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A43: South Korea HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A44: South Korea HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A45: South Korea HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A46: Rest of Asia Pacific HVAC-R Market, By Product Type, By Value, 2019-2022 (USD Billion)
Table A47: Rest of Asia Pacific HVAC-R Market, By Product Type, By Value, 2023-2029 (USD Billion)
Table A48: Rest of Asia Pacific HVAC-R Market, By User Type, By Value, 2019-2022 (USD Billion)
Table A49: Rest of Asia Pacific HVAC-R Market, By User Type, By Value, 2023-2029 (USD Billion)
Table A50: Companies Product Positioning
Table A51: Daikin Key Company Financials, 2020-2022
Table A52: Ingersoll Rand Key Company Financials, 2020-2022
Table A53: Panasonic Key Financials, 2020-2022
Table A54: Midea Group Key Financials, 2020-2022
Table A55: Haier Key Financials, 2020-2021
Table A56: Voltas Key Financials, 2020-2022
Table A57: LG Electronics Key Financials, 2020-2022
Table A58: Mitsubishi Electric Key Financials, 2020-2022
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