Heating, Ventilation, and Air Conditioning (HVAC)
Equipment
Market
Heating, Ventilation, and Air Conditioning (HVAC)
Equipment Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Heating, Ventilation, and Air Conditioning (HVAC)
Equipment Market Size and Growth
The HVAC equipment market is projected to grow significantly, driven by rising demand for energy-efficient solutions and climate control. Valued at approximately $150 billion in 2022, it is expected to expand at a CAGR of over 5% through 2030. Key factors include urbanization, rising disposable incomes, and regulatory standards for sustainability.
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Companies Covered
(Covid 19 Impact Covered)
◍ Samsung
◍ Mitsubishi
◍ Toshiba
◍ Johnson Controls
◍ LG Electronics
◍ Carrier
◍ York
◍ Panasonic
◍ Ingersoll Rand （ Trane ）
◍ ICP
◍ Whirlpool
◍ Daikin
◍ Honeywell
◍ Rheem
◍ Grainger
◍ Lennox
◍ Goodman
◍ Nortek Global
The HVAC equipment market features key players like Samsung, Mitsubishi, and Carrier, leveraging innovative technologies to enhance efficiency. Companies like Daikin and Honeywell drive market growth through product diversification and smart solutions. Notable sales revenue figures include Carrier ($20 billion), Daikin ($21.5 billion), and Johnson Controls ($26 billion).
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Market Segmentation
By Application
By Product
◍ Split HVAC Systems ◍ Hybrid Split HVAC Systems ◍ Duct-Free HVAC Systems
Packaged Heating and Air HVAC Systems ◍ Residential Buildings ◍ Commercial Buildings ◍ Industrial Facilities
Others
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Market Growth
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$ X Billion USD
