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Abstract: Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market to Reach US$252. 7 Billion by the Year 2026 . Heating, ventilation, and air conditioning (HVAC) systems are important and indispensable with omnipresent applications in virtually all buildings and factories.

New York, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Heating, Ventilation and Air Conditioning (HVAC) Systems Industry" - https://www.reportlinker.com/p05842190/?utm_source=GNW

HVAC systems are extensively employed in residential and commercial buildings across various sectors, including education, healthcare, retail, office, government and airport. Growth in the market is anticipated to be propelled by increasing demand for energy-efficient HVAC systems for reducing energy consumption and carbon emissions. Rising concerns over climate change, increasing energy prices and carbon emissions continue to push the adoption of HVAC systems in commercial spaces. The market is also set to gain from the increasing demand for energy saving products. Rebates for energy-efficient systems such as air conditioning and HVAC are encouraging commercial building users to implement and upgrade HVAC systems. In recent years the industry witnessed a sea of change in the technology employed largely as a result of consumers` desire to have advanced micro controls integrated into their systems, and also due to a spurt in demand for eco-friendly refrigerants. Therefore, technology improvements in the recent past have been geared towards meeting energy efficiency levels mandated by Governments across the world and convenience expected by average consumers.

Amid the COVID-19 crisis, the global market for Heating, Ventilation and Air Conditioning (HVAC) Systems estimated at US$175.9 Billion in the year 2020, is projected to reach a revised size of US$252.7 Billion by 2026, growing at a CAGR of 6.3% over the analysis period. Cooling Systems, one of the segments analyzed in the report, is projected to grow at a 6.6% CAGR to reach US$198.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heating Systems segment is readjusted to a revised 5.6% CAGR for the next 7-year period. This segment currently accounts for a 17.8% share of the global Heating, Ventilation and Air Conditioning (HVAC) Systems market. Demand for heat pumps is attributed to availability of systems with advanced functions that allow space heating and cooling while also heating water. The ability of heat pumps to offer higher efficiency as compared to other space heating and cooling unit is expected to further increase their adoption in the coming years. The climate change and gradually increasing average temperature are driving the adoption of cooling equipment during summers.

The U.S. Market is Estimated at $31 Billion in 2021, While China is Forecast to Reach $53.3 Billion by 2026

The Heating, Ventilation and Air Conditioning (HVAC) Systems market in the U.S. is estimated at US$31 Billion in the year 2021. The country currently accounts for a 16.9% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$53.3 Billion in the year 2026 trailing a CAGR of 7.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR while Rest of European market (as defined in the study) will reach US$10.6 Billion by the end of the analysis period. The demand for air conditioners in developing regions such as Asia-Pacific is very high with some households owning more than one appliance, whereas the demand for air conditioners from the developed regions remains comparatively low. The market in Asia-Pacific is anticipated to also benefit from technological advancements and increasing investment in the consumer electronics sector across the region. The market in developed regions is propelled by rising consumer awareness about star-labeled HVAC products, increasing use of VRV and adoption of inverter-based air conditioning systems.

Ventilation Systems Segment to Reach $22.9 Billion by 2026

In the global Ventilation Systems segment, USA, Canada, Japan, China and Europe will drive the 4.26% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12 Billion in the year 2020 will reach a projected size of US$16.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5 Billion by the year 2026, while Latin America will expand at a 5.5% CAGR through the analysis period.

Select Competitors (Total 136 Featured)

  • Daikin Industries Ltd.

  • Danfoss A/S

  • Electrolux AB

  • Emerson Electric Company

  • Fujitsu Ltd.

  • GREE, Inc.

  • Hitachi Ltd.

  • Honeywell International, Inc.

  • Ingersoll-Rand PLC

  • Johnson Controls International PLC

  • Lennox International Inc.

  • LG Electronics Inc.

  • Midea Group Co., Ltd.

  • Mitsubishi Electric Corporation

  • Nortek Global HVAC LLC

  • Panasonic Corporation

  • Qingdao Haier Co., Ltd.

  • Samsung Electronics Co., Ltd.

  • United Technologies Corporation (UTC)

  • Whirlpool Corporation

Read the full report: https://www.reportlinker.com/p05842190/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and Looming Global Recession: 2020

Marked as a Year of Disruption & Transformation

As the Race between the Virus & Vaccines Intensifies, Where is

the World Economy Headed in 2021?

EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual

% Change) for 2020 through 2022

Pandemic-Led Challenges Leave Commercial HVAC Industry Out in

the Cold

COVID-19-Led Bright Points

Pandemic-Hit HVAC Manufacturers Find Solace in Changing

Customer Needs

COVID-19 Disruptions Lead to Spike in Unit Prices for HVAC Systems

Role of HVAC Systems in Increasing or Mitigating the Risk of

COVID-19 Transmission

Key Recommendations and Tools for Improving Building Ventilation

HVAC Systems with Filtration: Relevant Answer to Tough COVID-19

Test

Global Market Prospects & Outlook

Prominent Challenges Daring Expansion of HVAC Market

HVAC Industry Deep Dive Reveals Upcoming, Game-Changing Trends

Sustainability & Technology: Elements Central to Latest Trends

in HVAC Industry

Climate Change: An Important Driving Factor for Energy-

efficient HVAC Systems

EXHIBIT 2: HVAC Energy Use by End-Use (in %)

Millennial Generation Plays an Important Role

Asia-Pacific Continues to Dominate Global Market

Competitive Scenario

HVAC Companies Adapt Strategies to Navigate Unsettling Phase of

COVID-19

EXHIBIT 3: Global HVAC Systems Competitor Market Share Scenario

(in %): 2021E

Recent Market Activity

Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Pressing Need to Cut Energy Consumption and Operational Costs

Impels Energy Efficient HVAC Systems Market

Select Innovations Enabling Efficient and High-Performance HVAC

Systems

Use of Multi-Enzyme Solutions

Sustainable Retrofit

Air Conditioning with Ice Power

Digital Ceilings

Smart Glasses

Sustainable HVAC Ductwork

Major Market Restraints

Trends in HVAC Industry Taking Energy Efficiency to Next Level

Smart HVAC Systems Hold Immense Potential

Smart Thermostats: An Important Development

Integration of HVAC Systems and IoT Offers New Opportunities

AI for Reduced Building Heating & Cooling Expenses

Importance of Improving the Efficiency of HVAC Systems in US

School Buildings

Cloud-Connected HVAC Systems Enable Creation of Smart and

Efficient Facilities

Automated Control Systems for HVAC Equipment Gain Traction in

Buildings

Alternative Energy Sources Garner Attention

Solar Powered HVAC Systems Gain Traction

EXHIBIT 4: Global Solar Power Market: Solar PV Capacity (in GW)

and PV Generation (in TWh) for the Years 2017, 2019, 2021 and

2023

Heat Pumps Dominate the HVAC Market

Geothermal Cooling & Heating Presents Viable Option to Improve

Building Efficiency

Closed- and Open-Loop Systems

Demand for Ductless ACs on the Rise

Strong Growth in Demand for Ductless Multi-Zone Systems

Global VRF System Market to Gain Pace

Outdoor Units Lead the Market

HVACs with Air Quality Systems: High in Demand

Air Conditioning Systems: Climate Change and Rising

Temperatures Drive Market Growth

EXHIBIT 5: Adoption (in %) of Air Conditioning in Households

Deployment of Environment-Friendly Refrigerants Increases in ACs

List of Various Refrigerants Types

Green Refrigerants to Replace Hydro Fluorocarbons

Next-generation Factory Assembled Cooling Towers to Positively

Impact Bottom Line of HVAC and Industrial Processes

Rise in Adoption of DeVAP systems

Rising Interest in Indoor Growth Facilities: An Emerging Market

Driver

Construction Sector Investments Strongly Influence Market

Prospects

EXHIBIT 6: Global Construction Industry Growth Outlook (in %)

for years 2019 through 2025

EXHIBIT 7: Global Construction Market: Annual % Growth by Major

Geographies for 2019-2025

Replacement and Refurbishment Demand for HVAC Systems

Urbanization Remains a Key Growth Driver

EXHIBIT 8: World Urban Population in Thousands: 1950-2050

EXHIBIT 9: Degree of Urbanization Worldwide: Urban Population

as a % of Total Population by Geographic Region for the Years

1950, 1970, 1990, 2018, 2030 and 2050

Affluent Middle Class Opens Up Asia into a Major Market

EXHIBIT 10: Growing Middle Class Population in Asia Pacific

Drives Demand for New HVAC Systems: Global Middle Class

Population (In Million) by Region for the Years 2020, 2025

and 2030

EXHIBIT 11: Expanding Base of Middle Class in the Asian Region

Provides the Perfect Platform for HVAC Systems: Global Middle

Class Spending (US$ Trillion) by Region for the Years 2020,

2025, and 2030

Impact of COVID-19 on the Operation and Energy Consumption of

Future HVAC Systems: Challenges Associated with Designing of

HVAC Systems

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Geographic

Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin

America, Middle East and Africa Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2020 through 2027 and

% CAGR

Table 2: World Historic Review for Heating, Ventilation and Air

Conditioning (HVAC) Systems by Geographic Region - USA, Canada,

Japan, China, Europe, Asia-Pacific, Latin America, Middle East

and Africa Markets - Independent Analysis of Annual Sales in

US$ Million for Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Geographic Region -

Percentage Breakdown of Value Sales for USA, Canada, Japan,

China, Europe, Asia-Pacific, Latin America, Middle East and

Africa Markets for Years 2012, 2021 & 2027

Table 4: World Current & Future Analysis for Cooling Systems by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2020 through 2027 and % CAGR

Table 5: World Historic Review for Cooling Systems by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Cooling Systems by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for Heating Systems by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2020 through 2027 and % CAGR

Table 8: World Historic Review for Heating Systems by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Heating Systems by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Ventilation

Systems by Geographic Region - USA, Canada, Japan, China,

Europe, Asia-Pacific, Latin America, Middle East and Africa

Markets - Independent Analysis of Annual Sales in US$ Million

for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Ventilation Systems by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Ventilation Systems by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for New Construction

by Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2020 through 2027 and % CAGR

Table 14: World Historic Review for New Construction by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for New Construction by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa for Years 2012, 2021 & 2027

Table 16: World Current & Future Analysis for Retrofit by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2020 through 2027 and % CAGR

Table 17: World Historic Review for Retrofit by Geographic

Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin

America, Middle East and Africa Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2012 through 2019 and

% CAGR

Table 18: World 15-Year Perspective for Retrofit by Geographic

Region - Percentage Breakdown of Value Sales for USA, Canada,

Japan, China, Europe, Asia-Pacific, Latin America, Middle East

and Africa for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Commercial by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2020 through 2027 and % CAGR

Table 20: World Historic Review for Commercial by Geographic

Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin

America, Middle East and Africa Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2012 through 2019 and

% CAGR

Table 21: World 15-Year Perspective for Commercial by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa for Years 2012, 2021 & 2027

Table 22: World Current & Future Analysis for Residential by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2020 through 2027 and % CAGR

Table 23: World Historic Review for Residential by Geographic

Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin

America, Middle East and Africa Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2012 through 2019 and

% CAGR

Table 24: World 15-Year Perspective for Residential by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa for Years 2012, 2021 & 2027

Table 25: World Current & Future Analysis for Industrial by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2020 through 2027 and % CAGR

Table 26: World Historic Review for Industrial by Geographic

Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin

America, Middle East and Africa Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2012 through 2019 and

% CAGR

Table 27: World 15-Year Perspective for Industrial by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES

Government Initiatives Prop Up Demand for Energy Efficient Models

Positive Signs of Revival in Construction Market Augurs Well

for HVAC Systems

After Facing a Severe Blow, Recovery in Construction Sector to

Spur Growth

EXHIBIT 12: US Monthly Construction Spending in US$ Billion:

Dec 2020-July 2021

US Commercial Construction Rebounds with Anticipated Spending

on Infrastructure Projects

EXHIBIT 13: Total Construction Starts % Change in the US (Jan-

July): 2019 Vs 2020

EXHIBIT 14: US Non-Residential Spending Trends (% YoY) Growth

by Sector: 2021 and 2022

EXHIBIT 15: US New Construction Starts in US$ Billion by

Sector: 2020

Rise in Home Buying Activity Benefits Demand

EXHIBIT 16: Housing Starts in US in Thousands: 2015-2020

EXHIBIT 17: Number of Housing Starts in Thousand Units by Type

for Single-Family Units and Multi-Family Units (Jan 2021-Aug

2021)

Market Analytics

Table 28: USA Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Segment -

Cooling Systems, Heating Systems and Ventilation Systems -

Independent Analysis of Annual Sales in US$ Million for the

Years 2020 through 2027 and % CAGR

Table 29: USA Historic Review for Heating, Ventilation and Air

Conditioning (HVAC) Systems by Segment - Cooling Systems,

Heating Systems and Ventilation Systems Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2012 through

2019 and % CAGR

Table 30: USA 15-Year Perspective for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Segment - Percentage

Breakdown of Value Sales for Cooling Systems, Heating Systems

and Ventilation Systems for the Years 2012, 2021 & 2027

Table 31: USA Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by

Implementation - New Construction and Retrofit - Independent

Analysis of Annual Sales in US$ Million for the Years 2020

through 2027 and % CAGR

Table 32: USA Historic Review for Heating, Ventilation and Air

Conditioning (HVAC) Systems by Implementation - New

Construction and Retrofit Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 33: USA 15-Year Perspective for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Implementation - Percentage

Breakdown of Value Sales for New Construction and Retrofit for

the Years 2012, 2021 & 2027

Table 34: USA Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Application -

Commercial, Residential and Industrial - Independent Analysis

of Annual Sales in US$ Million for the Years 2020 through 2027

and % CAGR

Table 35: USA Historic Review for Heating, Ventilation and Air

Conditioning (HVAC) Systems by Application - Commercial,

Residential and Industrial Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 36: USA 15-Year Perspective for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Application - Percentage

Breakdown of Value Sales for Commercial, Residential and

Industrial for the Years 2012, 2021 & 2027

CANADA

Table 37: Canada Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Segment -

Cooling Systems, Heating Systems and Ventilation Systems -

Independent Analysis of Annual Sales in US$ Million for the

Years 2020 through 2027 and % CAGR

Table 38: Canada Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Segment - Cooling Systems,

Heating Systems and Ventilation Systems Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2012 through

2019 and % CAGR

Table 39: Canada 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Segment - Percentage

Breakdown of Value Sales for Cooling Systems, Heating Systems

and Ventilation Systems for the Years 2012, 2021 & 2027

Table 40: Canada Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by

Implementation - New Construction and Retrofit - Independent

Analysis of Annual Sales in US$ Million for the Years 2020

through 2027 and % CAGR

Table 41: Canada Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Implementation - New

Construction and Retrofit Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 42: Canada 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Implementation -

Percentage Breakdown of Value Sales for New Construction and

Retrofit for the Years 2012, 2021 & 2027

Table 43: Canada Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Application -

Commercial, Residential and Industrial - Independent Analysis

of Annual Sales in US$ Million for the Years 2020 through 2027

and % CAGR

Table 44: Canada Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Application - Commercial,

Residential and Industrial Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 45: Canada 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Application - Percentage

Breakdown of Value Sales for Commercial, Residential and

Industrial for the Years 2012, 2021 & 2027

JAPAN

Market Overview

Efforts toward Energy Conservation Impact Japanese HVAC Industry

Competitive Scenario

Market Analytics

Table 46: Japan Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Segment -

Cooling Systems, Heating Systems and Ventilation Systems -

Independent Analysis of Annual Sales in US$ Million for the

Years 2020 through 2027 and % CAGR

Table 47: Japan Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Segment - Cooling Systems,

Heating Systems and Ventilation Systems Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2012 through

2019 and % CAGR

Table 48: Japan 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Segment - Percentage

Breakdown of Value Sales for Cooling Systems, Heating Systems

and Ventilation Systems for the Years 2012, 2021 & 2027

Table 49: Japan Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by

Implementation - New Construction and Retrofit - Independent

Analysis of Annual Sales in US$ Million for the Years 2020

through 2027 and % CAGR

Table 50: Japan Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Implementation - New

Construction and Retrofit Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 51: Japan 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Implementation -

Percentage Breakdown of Value Sales for New Construction and

Retrofit for the Years 2012, 2021 & 2027

Table 52: Japan Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Application -

Commercial, Residential and Industrial - Independent Analysis

of Annual Sales in US$ Million for the Years 2020 through 2027

and % CAGR

Table 53: Japan Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Application - Commercial,

Residential and Industrial Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 54: Japan 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Application - Percentage

Breakdown of Value Sales for Commercial, Residential and

Industrial for the Years 2012, 2021 & 2027

CHINA

China Evolves into Core Market for HVAC Systems

China to Remain a Dominant Market for HVAC Systems in the Long

Term

EXHIBIT 18: China?s Current Dominant Hold on Global

Manufacturing Output & Its Central Role in World Trade Makes

the Country a Major Market for HVAC Systems in Asia:

Percentage Breakdown of Global Manufacturing Output by

Region for the Years 1990, 2013, 2017 & 2025

Market Analytics

Table 55: China Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Segment -

Cooling Systems, Heating Systems and Ventilation Systems -

Independent Analysis of Annual Sales in US$ Million for the

Years 2020 through 2027 and % CAGR

Table 56: China Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Segment - Cooling Systems,

Heating Systems and Ventilation Systems Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2012 through

2019 and % CAGR

Table 57: China 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Segment - Percentage

Breakdown of Value Sales for Cooling Systems, Heating Systems

and Ventilation Systems for the Years 2012, 2021 & 2027

Table 58: China Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by

Implementation - New Construction and Retrofit - Independent

Analysis of Annual Sales in US$ Million for the Years 2020

through 2027 and % CAGR

Table 59: China Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Implementation - New

Construction and Retrofit Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 60: China 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Implementation -

Percentage Breakdown of Value Sales for New Construction and

Retrofit for the Years 2012, 2021 & 2027

Table 61: China Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Application -

Commercial, Residential and Industrial - Independent Analysis

of Annual Sales in US$ Million for the Years 2020 through 2027

and % CAGR

Table 62: China Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Application - Commercial,

Residential and Industrial Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 63: China 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Application - Percentage

Breakdown of Value Sales for Commercial, Residential and

Industrial for the Years 2012, 2021 & 2027

EUROPE

Table 64: Europe Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Geographic

Region - France, Germany, Italy, UK, Spain, Russia and Rest of

Europe Markets - Independent Analysis of Annual Sales in US$

Million for Years 2020 through 2027 and % CAGR

Table 65: Europe Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Geographic Region - France,

Germany, Italy, UK, Spain, Russia and Rest of Europe Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2012 through 2019 and % CAGR

Table 66: Europe 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Geographic Region -

Percentage Breakdown of Value Sales for France, Germany, Italy,

UK, Spain, Russia and Rest of Europe Markets for Years 2012,

2021 & 2027

Table 67: Europe Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Segment -

Cooling Systems, Heating Systems and Ventilation Systems -

Independent Analysis of Annual Sales in US$ Million for the

Years 2020 through 2027 and % CAGR

Table 68: Europe Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Segment - Cooling Systems,

Heating Systems and Ventilation Systems Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2012 through

2019 and % CAGR

Table 69: Europe 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Segment - Percentage

Breakdown of Value Sales for Cooling Systems, Heating Systems

and Ventilation Systems for the Years 2012, 2021 & 2027

Table 70: Europe Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by

Implementation - New Construction and Retrofit - Independent

Analysis of Annual Sales in US$ Million for the Years 2020

through 2027 and % CAGR

Table 71: Europe Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Implementation - New

Construction and Retrofit Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 72: Europe 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Implementation -

Percentage Breakdown of Value Sales for New Construction and

Retrofit for the Years 2012, 2021 & 2027

Table 73: Europe Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Application -

Commercial, Residential and Industrial - Independent Analysis

of Annual Sales in US$ Million for the Years 2020 through 2027

and % CAGR

Table 74: Europe Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Application - Commercial,

Residential and Industrial Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 75: Europe 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Application - Percentage

Breakdown of Value Sales for Commercial, Residential and

Industrial for the Years 2012, 2021 & 2027

FRANCE

Table 76: France Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Segment -

Cooling Systems, Heating Systems and Ventilation Systems -

Independent Analysis of Annual Sales in US$ Million for the

Years 2020 through 2027 and % CAGR

Table 77: France Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Segment - Cooling Systems,

Heating Systems and Ventilation Systems Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2012 through

2019 and % CAGR

Table 78: France 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Segment - Percentage

Breakdown of Value Sales for Cooling Systems, Heating Systems

and Ventilation Systems for the Years 2012, 2021 & 2027

Table 79: France Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by

Implementation - New Construction and Retrofit - Independent

Analysis of Annual Sales in US$ Million for the Years 2020

through 2027 and % CAGR

Table 80: France Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Implementation - New

Construction and Retrofit Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 81: France 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Implementation -

Percentage Breakdown of Value Sales for New Construction and

Retrofit for the Years 2012, 2021 & 2027

Table 82: France Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Application -

Commercial, Residential and Industrial - Independent Analysis

of Annual Sales in US$ Million for the Years 2020 through 2027

and % CAGR

Table 83: France Historic Review for Heating, Ventilation and

Air Conditioning (HVAC) Systems by Application - Commercial,

Residential and Industrial Markets - Independent Analysis of

Annual Sales in US$ Million for Years 2012 through 2019 and %

CAGR

Table 84: France 15-Year Perspective for Heating, Ventilation

and Air Conditioning (HVAC) Systems by Application - Percentage

Breakdown of Value Sales for Commercial, Residential and

Industrial for the Years 2012, 2021 & 2027

GERMANY

Table 85: Germany Current & Future Analysis for Heating,

Ventilation and Air Conditioning (HVAC) Systems by Segment -

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Source : https://finance.yahoo.com/news/global-heating-ventilation-air-conditioning-130200046.html

6101
Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market to Reach US$252.7 Billion by the Year 2026

Source:Yahoo Finance

Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market to Reach US$252.7 Billion by the Year 2026