HVAC Equipment Market

HVAC Equipment Market (Product Type: Heating Equipment, Cooling Equipment, and Air Delivery Equipment; and Application: Residential, Commercial, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

HVAC Equipment Market Outlook 2031

  • The global HVAC equipment market was valued at US$ 114.7 Bn in 2021
  • It is estimated to grow at a CAGR of 5.8% from 2022 to 2031
  • The global HVAC equipment market is expected to reach US$ 199.2 Bn by the end of 2031

Analysts’ Viewpoint on HVAC Equipment Market Scenario

Rapid urbanization and increase in demand for sustainable products are driving the global HVAC equipment market. New products in the market are eco-friendly and do not rely on harmful refrigerants. Rise in focus on energy conservation has led to a surge in demand for energy-efficient HVAC products. Integration of IoT systems such as sensors, remote control, and mobile apps has enabled users to easily control, monitor, and interact with HVAC systems. Leading players in the market are focusing on technological advancements to improve the efficiency and cost-effectiveness of HVAC equipment. They are also establishing new manufacturing plants to enhance their revenue streams.

Hvac Equipment Market

HVAC Equipment Market Introduction

Heating, ventilation, and cooling (HVAC) systems control the temperature, humidity, and purity of the air in an enclosed space. They include heating equipment such as heat pumps, furnaces, unitary pumps, and boilers; cooling equipment such as chillers, air conditioners, and water cooling towers; and air delivery equipment such as ventilation fans and humidifiers/dehumidifiers. HVAC systems are deployed in industrial, commercial, residential, and institutional buildings. Central air conditioning; ductless, mini-split air conditioners; multi-split system air conditioning; variable refrigerant volume and variable refrigerant flow systems; and chillers are various types of HVAC systems used in commercial settings. HVAC system’s working principle is based on thermodynamics, fluid mechanics, and heat transfer. It uses three basic methods of heating: conduction, convection, and radiation. The system adjusts and changes the air conditions of a building to maintain thermal comfort.

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Expansion of Construction Sector Augmenting Global HVAC Equipment Market

Rapid urbanization has led to the expansion of residential and commercial infrastructure. Majority of air-handling systems such as heat pumps, furnaces, boilers, and air-cooled chillers are used in residential and commercial buildings. Many commercial structures, including retail complexes, multiplexes, hospitals, clinics, hotels, and restaurants, are built with ventilation ducts and fans to ensure optimal ventilation and sufficient airflow. The commercial sector is likely to grow significantly in the next few years. According to the Construction Products Association, the U.K.-based construction industry trade association, the commercial sector is expected to grow by 9.7% in 2022. According to the report ‘Future of Construction’ published by Oxford Economics and Marsh and GuyCarpenter, a cumulative total of US$ 135 Trn in construction output is forecast in the decade to 2030.

Rise in Demand for Energy-efficient HVAC Equipment Across Globe

Implementation of laws and regulations that require commercial and residential buildings to meet safety standards and energy consumption targets has led to a surge in demand for energy-efficient HVAC equipment. Climate change is driving the traction of new technologies in the renewable energy market such as solar-powered HVAC systems and geothermal heat pumps.

HVAC equipment accounts for 40% to 60% of the total energy consumption of a building, depending on climate and other factors. This is driving the need for efficient HVAC systems, which can meet the changing climatic variations, while lowering energy consumption. Innovative HVAC technologies have changed the way of heating and cooling residential and commercial interiors. They offer significant energy savings and reduced carbon emissions. Recent developments in the HVAC equipment market include the launch of thermally-driven air conditioners and ice-powered air-conditioning to reduce energy usage and the overall environmental impact of HVAC equipment.

Integration of Smart Technologies in HVAC Systems

Increase in adoption of home automation and rise in construction of green buildings have prompted HVAC equipment manufacturers to develop sustainable products integrated with smart technologies. Recent developments in the HVAC sensors market have led to a rise in demand for products with intelligent features and functions that offer smooth operation and higher energy savings. Manufacturers are providing remote control of equipment using mobile applications, intelligent sensors, and automated control systems. They are also introducing eco-friendly equipment by phasing out chlorofluorocarbons, hydrochlorofluorocarbons, and other harmful refrigerants.

Increase in Standard of Living Fueling Cooling Equipment Segment

In terms of product type, the global HVAC equipment market has been segmented into heating equipment, cooling equipment, and air delivery equipment. The cooling equipment segment held major share of the global market in 2021. Improvement in standard of living in hot climates and focus on reducing food waste are expected to drive the segment during the forecast period. Chillers and air conditioning equipment significantly contribute to the rise in demand for cooling equipment. However, demand for water cooling towers has been declining due to high costs.

Regional Outlook of HVAC Equipment Market

Asia Pacific is the fastest-growing market for HVAC equipment, followed by North America. The region accounted for 52.9% revenue of the HVAC equipment market worldwide in 2021, and is projected to retain its leading position by 2031. Growth of the market can be ascribed to robust economic development in countries such as China and India. China is one of the largest producers of HVAC equipment and a key supplier to the European market. Expansion of the air conditioning system market and rise in export of low-priced products to Africa and South America are also driving the market in Asia Pacific.

Analysis of Key Players in Global HVAC Equipment Market

Detailed profiles of players in the HVAC equipment market are provided in the report to evaluate their financials, key product offerings, recent developments, and strategies. Majority of companies are investing significantly in comprehensive R&D activities, primarily to launch eco-friendly products. Expansion of product portfolios and mergers & acquisitions are key strategies adopted by manufacturers.

Key players operating in the global HVAC equipment market include Daikin Industries, Ltd., Fujitsu General Ltd., Gree Electric Appliances, Inc. of Zhuhai, Hitachi Ltd., Hubei Donper Electromechanical Group Co., Ltd., Ingersoll-Rand, Mitsubishi Electric Corporation, Moon Environment Technology Co., Ltd., Panasonic Corporation, and Sanden Holdings Corp.

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Key Developments in Global HVAC Equipment Market

  • In August 2022, Therma-HEXX launched ThermaPANEL modular hydronic radiant heating and cooling systems for new and refurbished residential, commercial and industrial applications
  • In July 2022, Daikin Industries, Ltd. announced plans to invest around US$ 290 Mn to establish a new factory for heat pump units at the Ksawerów Industrial Park in Lodz Province, Poland
  • In May 2022, Johnson Controls Hitachi AC Limited introduced a new wall-mount indoor mini-split unit as the newest addition to its PRIMAIRY P300 line of high-efficiency, single-zone commercial mini-split systems

Each of these players has been profiled in the HVAC equipment market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global HVAC Equipment Market Snapshot

Attribute

Detail

Market Size Value in 2021 (Base Year)

US$ 114.7 Bn

Market Forecast Value in 2031

US$ 199.2 Bn

Growth Rate (CAGR)

5.8%

Forecast Period

2022-2031

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis.

Competition Landscape

Market Player – Competition Dashboard and Revenue Share Analysis 2021

Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, Strategy & Business Overview)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Market Segmentation

  • Product Type
    • Heating Equipment
      • Heat Pumps
      • Furnaces
      • Unitary Pumps
      • Boilers
      • Others
    • Cooling Equipment
      • Chillers
      • Air Conditioners
      • Water Cooling Towers
      • Others
    • Air Delivery Equipment
      • Ventilation Fans
      • Humidifiers/Dehumidifiers
      • Others
  • Application
    • Residential
    • Commercial
    • Industrial

Companies Profile

  • Daikin Industries, Ltd.
  • Fujitsu General Ltd.
  • Gree Electric Appliances, Inc. of Zhuhai
  • Hitachi Ltd.
  • Hubei Donper Electromechanical Group Co. Ltd.
  • Ingersoll-Rand
  • Mitsubishi Electric Corporation
  • Moon Environment Technology Co., Ltd.
  • Panasonic Corporation
  • Sanden Holdings Corp.

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

How big was the HVAC equipment market in 2021?

The HVAC equipment market was valued at US$ 114.7 Bn in 2021.

How is the HVAC equipment market expected to grow by 2031?

The HVAC equipment market is expected to reach US$ 199.2 Bn by 2031.

What are the key factors driving the HVAC equipment market?

Expansion of construction sector and rise in demand for energy-efficient HVAC equipment.

Which product type segment contributes the largest share of the HVAC equipment market?

The cooling equipment segment held the largest share of the market in 2021.

How big was Asia Pacific in the HVAC equipment market in 2021?

Asia Pacific accounted for 52.9% share of the global HVAC equipment market in 2021.

Who are the key players in the HVAC equipment market?

Daikin Industries, Ltd., Fujitsu General Ltd., Gree Electric Appliances, Inc. of Zhuhai, Hitachi Ltd., Hubei Donper Electromechanical Group Co., Ltd., Ingersoll-Rand, Mitsubishi Electric Corporation, Moon Environment Technology Co., Ltd., Panasonic Corporation, and Sanden Holdings Corp.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Key Market Indicators

            5.4.1. Overall HVAC Industry Overview

        5.5. Porter’s Five Forces Analysis

        5.6. Value Chain Analysis

        5.7. Industry SWOT Analysis

        5.8. Technological Overview

        5.9. Regulatory Framework Analysis

        5.10. HVAC Equipment Market Analysis and Forecast, 2017 - 2031

            5.10.1. Market Revenue Projections (US$ Bn)

            5.10.2. Market Revenue Projections (Thousand Units)

    6. Global HVAC Equipment Market Analysis and Forecast, By Product Type

        6.1. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            6.1.1. Heating Equipment

                6.1.1.1. Heat Pumps

                6.1.1.2. Furnaces

                6.1.1.3. Unitary Pumps

                6.1.1.4. Boilers

                6.1.1.5. Others

            6.1.2. Cooling Equipment

                6.1.2.1. Chillers

                6.1.2.2. Air Conditioners

                6.1.2.3. Water Cooling Towers

                6.1.2.4. Others

            6.1.3. Air Delivery Equipment

                6.1.3.1. Ventilation Fans

                6.1.3.2. Humidifiers/Dehumidifiers

                6.1.3.3. Others

        6.2. Incremental Opportunity, by Product Type

    7. Global HVAC Equipment Market Analysis and Forecast, By Application

        7.1. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            7.1.1. Residential

            7.1.2. Commercial

            7.1.3. Industrial

        7.2. Incremental Opportunity, By Application

    8. HVAC Equipment Market Analysis and Forecast, by Region

        8.1. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031

            8.1.1. North America

            8.1.2. Europe

            8.1.3. Asia Pacific

            8.1.4. Middle East & Africa

            8.1.5. South America

        8.2. Global Incremental Opportunity, by Region

    9. North America HVAC Equipment Market Analysis and Forecast

        9.1. Regional Snapshot

        9.2. Key Trend Analysis

        9.3. Price Trend Analysis

            9.3.1. Weighted Average Selling Price

        9.4. Key Supplier Analysis

        9.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            9.5.1. Heating Equipment

                9.5.1.1. Heat Pumps

                9.5.1.2. Furnaces

                9.5.1.3. Unitary Pumps

                9.5.1.4. Boilers

                9.5.1.5. Others

            9.5.2. Cooling Equipment

                9.5.2.1. Chillers

                9.5.2.2. Air Conditioners

                9.5.2.3. Water Cooling Towers

                9.5.2.4. Others

            9.5.3. Air Delivery Equipment

                9.5.3.1. Ventilation Fans

                9.5.3.2. Humidifiers/Dehumidifiers

                9.5.3.3. Others

        9.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            9.6.1. Residential

            9.6.2. Commercial

            9.6.3. Industrial

        9.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

            9.7.1. U.S.

            9.7.2. Mexico

            9.7.3. Rest of North America

        9.8. Incremental Opportunity Analysis

    10. Europe HVAC Equipment Market Analysis and Forecast

        10.1. Regional Snapshot

        10.2. Key Trend Analysis

        10.3. Price Trend Analysis

            10.3.1. Weighted Average Selling Price

        10.4. Key Supplier Analysis

        10.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            10.5.1. Heating Equipment

                10.5.1.1. Heat Pumps

                10.5.1.2. Furnaces

                10.5.1.3. Unitary Pumps

                10.5.1.4. Boilers

                10.5.1.5. Others

            10.5.2. Cooling Equipment

                10.5.2.1. Chillers

                10.5.2.2. Air Conditioners

                10.5.2.3. Water Cooling Towers

                10.5.2.4. Others

            10.5.3. Air Delivery Equipment

                10.5.3.1. Ventilation Fans

                10.5.3.2. Humidifiers/Dehumidifiers

                10.5.3.3. Others

        10.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            10.6.1. Residential

            10.6.2. Commercial

            10.6.3. Industrial

        10.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

            10.7.1. U.K.

            10.7.2. Germany

            10.7.3. France

            10.7.4. Rest of Europe

        10.8. Incremental Opportunity Analysis

    11. Asia Pacific HVAC Equipment Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Key Trend Analysis

        11.3. Price Trend Analysis

            11.3.1. Weighted Average Selling Price

        11.4. Key Supplier Analysis

        11.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            11.5.1. Heating Equipment

                11.5.1.1. Heat Pumps

                11.5.1.2. Furnaces

                11.5.1.3. Unitary Pumps

                11.5.1.4. Boilers

                11.5.1.5. Others

            11.5.2. Cooling Equipment

                11.5.2.1. Chillers

                11.5.2.2. Air Conditioners

                11.5.2.3. Water Cooling Towers

                11.5.2.4. Others

            11.5.3. Air Delivery Equipment

                11.5.3.1. Ventilation Fans

                11.5.3.2. Humidifiers/Dehumidifiers

                11.5.3.3. Others

        11.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            11.6.1. Residential

            11.6.2. Commercial

            11.6.3. Industrial

        11.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

            11.7.1. China

            11.7.2. India

            11.7.3. Japan

            11.7.4. Rest of Asia Pacific

        11.8. Incremental Opportunity Analysis

    12. Middle East & Africa HVAC Equipment Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Key Trend Analysis

        12.3. Price Trend Analysis

            12.3.1. Weighted Average Selling Price

        12.4. Key Supplier Analysis

        12.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            12.5.1. Heating Equipment

                12.5.1.1. Heat Pumps

                12.5.1.2. Furnaces

                12.5.1.3. Unitary Pumps

                12.5.1.4. Boilers

                12.5.1.5. Others

            12.5.2. Cooling Equipment

                12.5.2.1. Chillers

                12.5.2.2. Air Conditioners

                12.5.2.3. Water Cooling Towers

                12.5.2.4. Others

            12.5.3. Air Delivery Equipment

                12.5.3.1. Ventilation Fans

                12.5.3.2. Humidifiers/Dehumidifiers

                12.5.3.3. Others

        12.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            12.6.1. Residential

            12.6.2. Commercial

            12.6.3. Industrial

        12.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

            12.7.1. GCC

            12.7.2. South Africa

            12.7.3. Rest of Middle East & Africa

        12.8. Incremental Opportunity Analysis

    13. South America HVAC Equipment Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Key Trend Analysis

        13.3. Price Trend Analysis

            13.3.1. Weighted Average Selling Price

        13.4. Key Supplier Analysis

        13.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            13.5.1. Heating Equipment

                13.5.1.1. Heat Pumps

                13.5.1.2. Furnaces

                13.5.1.3. Unitary Pumps

                13.5.1.4. Boilers

                13.5.1.5. Others

            13.5.2. Cooling Equipment

                13.5.2.1. Chillers

                13.5.2.2. Air Conditioners

                13.5.2.3. Water Cooling Towers

                13.5.2.4. Others

            13.5.3. Air Delivery Equipment

                13.5.3.1. Ventilation Fans

                13.5.3.2. Humidifiers/Dehumidifiers

                13.5.3.3. Others

        13.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            13.6.1. Residential

            13.6.2. Commercial

            13.6.3. Industrial

        13.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

            13.7.1. Brazil

            13.7.2. Rest of South America

        13.8. Incremental Opportunity Analysis

    14. Competition Landscape

        14.1. Market Player – Competition Dashboard

        14.2. Market Revenue Share Analysis (%), (2021)

        14.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

            14.3.1. Daikin Industries, Ltd.

                14.3.1.1. Company Overview

                14.3.1.2. Sales Area/Geographical Presence

                14.3.1.3. Revenue

                14.3.1.4. Strategy & Business Overview

            14.3.2. Fujitsu General Ltd.

                14.3.2.1. Company Overview

                14.3.2.2. Sales Area/Geographical Presence

                14.3.2.3. Revenue

                14.3.2.4. Strategy & Business Overview

            14.3.3. Gree Electric Appliances, Inc. of Zhuhai

                14.3.3.1. Company Overview

                14.3.3.2. Sales Area/Geographical Presence

                14.3.3.3. Revenue

                14.3.3.4. Strategy & Business Overview

            14.3.4. Hitachi Ltd.

                14.3.4.1. Company Overview

                14.3.4.2. Sales Area/Geographical Presence

                14.3.4.3. Revenue

                14.3.4.4. Strategy & Business Overview

            14.3.5. Hubei Donper Electromechanical Group Co. Ltd.

                14.3.5.1. Company Overview

                14.3.5.2. Sales Area/Geographical Presence

                14.3.5.3. Revenue

                14.3.5.4. Strategy & Business Overview

            14.3.6. Ingersoll-Rand

                14.3.6.1. Company Overview

                14.3.6.2. Sales Area/Geographical Presence

                14.3.6.3. Revenue

                14.3.6.4. Strategy & Business Overview

            14.3.7. Mitsubishi Electric Corporation

                14.3.7.1. Company Overview

                14.3.7.2. Sales Area/Geographical Presence

                14.3.7.3. Revenue

                14.3.7.4. Strategy & Business Overview

            14.3.8. Moon Environment Technology Co., Ltd.

                14.3.8.1. Company Overview

                14.3.8.2. Sales Area/Geographical Presence

                14.3.8.3. Revenue

                14.3.8.4. Strategy & Business Overview

            14.3.9. Panasonic Corporation

                14.3.9.1. Company Overview

                14.3.9.2. Sales Area/Geographical Presence

                14.3.9.3. Revenue

                14.3.9.4. Strategy & Business Overview

            14.3.10. Sanden Holdings Corp.

                14.3.10.1. Company Overview

                14.3.10.2. Sales Area/Geographical Presence

                14.3.10.3. Revenue

                14.3.10.4. Strategy & Business Overview

    15. Key Takeaways

        15.1. Identification of Potential Market Spaces

            15.1.1. By Type

            15.1.2. By Application

            15.1.3. By Region

        15.2. Understanding the Buying Process of Customers

        15.3. Preferred Sales & Marketing Strategy

        15.4. Prevailing Market Risk

    List of Tables

    Table 1: Global HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031

    Table 2: Global HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Table 3: Global HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031

    Table 4: Global HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Table 5: Global HVAC Equipment Market Value, by Region, US$ Bn, 2017-2031

    Table 6: Global HVAC Equipment Market Volume, by Region, Thousand Units,2017-2031

    Table 7: North America HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031

    Table 8: North America HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Table 9: North America HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031

    Table 10: North America HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Table 11: North America HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031

    Table 12: North America HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031

    Table 13: Europe HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031

    Table 14: Europe HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Table 15: Europe HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031

    Table 16: Europe HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Table 17: Europe HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031

    Table 18: Europe HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031

    Table 19: Asia Pacific HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031

    Table 20: Asia Pacific HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Table 21: Asia Pacific HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031

    Table 22: Asia Pacific HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Table 23: Asia Pacific HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031

    Table 24: Asia Pacific HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031

    Table 25: Middle East & Africa HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031

    Table 26: Middle East & Africa HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Table 27: Middle East & Africa HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031

    Table 28: Middle East & Africa HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Table 29: Middle East & Africa HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031

    Table 30: Middle East & Africa HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031

    Table 31: South America HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031

    Table 32: South America HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Table 33: South America HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031

    Table 34: South America HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Table 35: South America HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031

    Table 36: South America HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031

    List of Figures

    Figure 1: Global HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031

    Figure 2: Global HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Figure 3: Global HVAC Equipment Market Incremental Opportunity, by Product Type, 2021-2031

    Figure 4: Global HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031

    Figure 5: Global HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Figure 6: Global HVAC Equipment Market Incremental Opportunity, by Application, 2021-2031

    Figure 7: Global HVAC Equipment Market Value, by Region, US$ Bn, 2017-2031

    Figure 8: Global HVAC Equipment Market Volume, by Region, Thousand Units,2017-2031

    Figure 9: North America HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031

    Figure 10: North America HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031

    Figure 11: North America HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Figure 12: North America HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031

    Figure 13: North America HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031

    Figure 14: North America HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Figure 15: North America HVAC Equipment Market Incremental Opportunity, by Country, 2017-2031

    Figure 16: North America HVAC Equipment Market Value, by Country, US$ Bn, 2017-2031

    Figure 17: Europe HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Figure 18: Europe HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031

    Figure 19: Europe HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031

    Figure 20: Europe HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031

    Figure 21: Europe HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031

    Figure 22: Europe HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031

    Figure 23: Europe HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031

    Figure 24: Europe HVAC Equipment Market Incremental Opportunity, by Country, 2017-2031

    Figure 25: Asia Pacific HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031

    Figure 26: Asia Pacific HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031

    Figure 27: Asia Pacific HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031

    Figure 28: Asia Pacific HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031

    Figure 29: Asia Pacific HVAC Equipment Market Volume, by Application, Thousand Units,2017-2031

    Figure 30: Asia Pacific HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031

    Figure 31: Asia Pacific HVAC Equipment Market Value, by Country, US$ Bn, 2017-2031

    Figure 32: Asia Pacific HVAC Equipment Market Volume, by Country, Thousand Units,2017-2031

    Figure 33: Middle East & Africa HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031

    Figure 34: Middle East & Africa HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031

    Figure 35: Middle East & Africa HVAC Equipment Market Volume, by Product Type, Thousand Units,2017-2031

    Figure 36: Middle East & Africa HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031

    Figure 37: Middle East & Africa HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031

    Figure 38: Middle East & Africa HVAC Equipment Market Volume, by Application, Thousand Units,2017-2031

    Figure 39: Middle East & Africa HVAC Equipment Market Incremental Opportunity, by Country,2017-2031

    Figure 40: Middle East & Africa HVAC Equipment Market Value, by Country, US$ Bn, 2017-2031

    Figure 41: South America HVAC Equipment Market Volume, by Product Type, Thousand Units,2017-2031

    Figure 42: South America HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031

    Figure 43: South America HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031

    Figure 44: South America HVAC Equipment Market Volume, by Application, Thousand Units,2017-2031

    Figure 45: South America HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031

    Figure 46: South America HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031

    Figure 47: South America HVAC Equipment Market Volume, by Country ,Thousand Units,2017-2031

    Figure 48: South America HVAC Equipment Market Incremental Opportunity, by Country,2017-2031

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