Heating Air flow and Air Conditioning (HVAC) Market Forecast Report 2021: USD 68.8 Billion Market Progress Alternative by 2025

NEW YORK, June 14, 2022 /PRNewswire/ — The heating ventilation and air conditioning (HVAC) market size is expected to grow by USD 68.8 billion, progressing at a CAGR of 6.57% from 2020 to 2025 according to the latest market report by Technavio. The growing construction sector is notably driving the heating ventilation and air conditioning market growth. The construction sector plays a major role in driving the demand for HVAC systems. With the increase in the construction of commercial and residential buildings, the demand for HVAC equipment and services has been increasing, thereby driving the growth of the global Heating, Ventilation, and Air Conditioning (HVAC) market. The construction industry is expanding significantly across the globe. There are a lot of factors leading to the expansion of the construction industry. APAC is the major market for construction and is expected to grow at the highest rate during the forecast period. The primary reason for the growth is the ongoing developments in the infrastructure and real estate sectors in the region. The commercial building sector has seen an upswing in office construction activities, particularly for the technology and finance firms. This is due to an increase in private investments. Similarly, hotel and hospital construction activities will propel the demand for HVAC systems.

Technavio has announced its latest market research report titled HVAC Market by End-user, Type, and Geography – Forecast and Analysis 2021-2025

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Heating Ventilation And Air Conditioning Market: Segmentation Analysis

Technavio report extensively covers heating ventilation and air conditioning market segmentation by end-user (non-residential and residential), type (HVAC equipment and HVAC services), and geography (APAC, NorthAmerica, EuropeMEA, and South America)

End user landscape

  • By end-user, they are classified as non-residential and residential.

  • The heating ventilation and air conditioning market share growth by the non-residential segment will be significant for revenue generation.

  • An increase in the construction of these end-users will drive the growth of the global heating, ventilation and air conditioning (HVAC) market. Owing to the adoption of green technology, the demand for HVAC units has increased simultaneously as they help in energy savings. The rise in the number of net-zero buildings is the major trend in the construction business.

Story continues

Geographic Landscape

  • By Geography, they are classified into APAC, NorthAmerica, EuropeMEA, and South America.

  • 58% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the heating ventilation and air conditioning market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

  • The growing population, climatic conditions, increasing urbanization, and demographic changes will facilitate the heating ventilation, and air conditioning market growth in APAC over the forecast period.

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Vendor Analysis:

The heating ventilation and air conditioning market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

  • Carrier Global Corp.

  • Daikin Industries Ltd.

  • Danfoss AS

  • Haier Smart Home Co.Ltd.

  • Johnson Controls International Plc

  • Lennox International Inc.

  • LG Electronics Inc.

  • Midea Group Co.Ltd.

  • Samsung Electronics Co.Ltd.

  • Trane Technologies Plc

  • For vendor offerings -Click to Download a sample!

Get ready to achieve excellent business outcomes from this exclusive Heating Ventilation And Air Conditioning (HVAC) Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?|

  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Heating Ventilation And Air Conditioning (HVAC) Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, make a strategic approach & boost your business goals with our Heating Ventilation And Air Conditioning (HVAC) Market Forecast Report – Buy Now!

Related Reports:

  • The energy-efficient HVAC systems market share is expected to increase by USD 24.37 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.02%. Download a sample now!

  • The HVAC terminal units market size is expected to be valued at USD 1.41 billion by 2026 with a progressive CAGR of 5.05%. Download a sample now!

Heating Ventilation And Air Conditioning Market Scope

report coverage


Page number


base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 6.57%

Market growth 2021-2025

USD 68.8 billion

Market structure


YoY growth (%)


Performing market contribution

APAC at 58%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Haier Smart Home Co. Ltd., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Midea Group Co. Ltd., Samsung Electronics Co. Ltd., and Trane Technologies Plc

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Table of Content

1 executive summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market segmentation by end user

6 Market segmentation by type

7 customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor analysis

12 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
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Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)



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