Asia-Pacific HVAC Systems Market by Equipment (Cooling Equipment, Heating Equipment, and Ventilation), by Implementation Type (New Construction and Retrofit), and by End User (Residential, Commercial, and Industrial) - Opportunity Analysis and Industry Forecast, 2024– 2030

Asia-Pacific HVAC Systems Market

Industry:  Construction & Manufacturing | Publish Date: Apr 2024 | No of Pages:  160 | No. Tables:  118 | No. Figures:  83

Market Definition

The Asia-Pacific HAVC System Market size was valued at USD 90.41 billion in 2023, and is predicted to reach USD 154.45 billion by 2030, at a CAGR of 7.4% from 2024 to 2030.

HVAC (Heating, Ventilation, and Air Conditioning) refers to the technology and systems used in buildings to regulate indoor environmental conditions such as temperature, humidity, and air quality to ensure comfort and safety for occupants. Heating systems provide warmth during colder months, ventilation systems circulate and replenish indoor air, and air conditioning systems cool and dehumidify indoor air during warmer months.

HVAC systems offer several advantages, including improved occupant comfort and health, increased energy efficiency leading to cost savings, better indoor air quality through filtration and ventilation, precise temperature control for enhanced productivity in commercial settings, and protection of building infrastructure from extreme weather conditions. Additionally, these systems can be designed to meet specific requirements, contributing to sustainability goals by reducing carbon emissions and promoting eco-friendly practices in building operations.

Increasing Energy-Saving Regulations Drives the HVAC System Market

The implementation of residential energy-saving regulations drives the HVAC system market. These regulations drive the HVAC system market by requiring more energy-efficient systems than before and prompting manufacturers to develop and produce HVAC units that comply with these standards.

Consequently, consumers are inclined to invest in more efficient HVAC systems to meet regulatory requirements and reduce energy bills. Additionally, these regulations raise awareness among homeowners about the benefits of energy-efficient HVAC systems, leading to a higher demand for such products.

This increased consumer awareness drives manufacturers to innovate and offer a wider range of efficient products to meet the growing market needs. This, in turn, further fuels the demand for energy-efficient HVAC systems.

 

Growing Demand for Improved Indoor and Outdoor Air Quality Drive the HVAC System Market

The growing demand for improved indoor and outdoor air quality drives the HVAC system market. The increasing awareness regarding the importance of air quality is compelling both residential and commercial property owners to invest in HVAC systems that can effectively filter and purify indoor air while minimizing outdoor emissions.

As a result, there is a rising demand for advanced HVAC systems equipped with modern filtration technologies, such as HEPA filters and UV-C light sterilization that can eliminate pollutants, allergens, and pathogens from indoor air. This trend is driving HVAC manufacturers to innovate and develop new solutions that prioritize air quality improvement, thereby fueling the growth of the HVAC system market.

Regulatory Compliance Associated with HVAC Systems Impede the Market Expansion

Regulatory compliance poses a significant obstacle to the growth of the HVAC industry. This involves adhering to a multitude of laws, regulations, and standards set forth by governmental bodies and industry organizations.

These regulations cover various aspects including energy efficiency, emissions, refrigerants, and building codes. Compliance with such regulations requires substantial investments in research, development, and technology to ensure that products and services meet the prescribed standards.

However, for smaller companies or those with limited resources, navigating this intricate regulatory landscape can be particularly daunting, potentially hindering their market entry or expansion. Moreover, compliance efforts often divert resources away from innovation and product development, as companies prioritize meeting regulatory requirements over investing in new technologies or enhancing existing ones.

Consequently, regulatory compliance acts as a restraint on the growth and development of the HVAC market, imposing additional costs and complexities on industry players and impeding their ability to fully capitalize on market opportunities.

Integration of Solar-Powered HVAC Systems Creates Opportunity Growth for the Market

Solar-powered HVAC systems, utilizing photovoltaic technology to harness solar energy for heating, ventilation, and air conditioning operations, offer a promising avenue for market expansion within the HVAC industry.

These systems, installed with solar panels atop rooftops or designated areas, significantly reduce reliance on grid electricity, leading to substantial energy cost savings for consumers. With advancements in solar panel efficiency, energy storage, and system integration, solar-powered HVAC solutions are becoming increasingly feasible and economically viable.

Moreover, by reducing carbon emissions and promoting sustainability, these systems align with growing environmental concerns and regulatory initiatives worldwide, further driving market demand. As businesses and homeowners seek energy-efficient and environmentally friendly alternatives, the adoption of solar-powered HVAC systems presents a compelling opportunity for market growth, fostering innovation and investment in renewable energy technologies within the HVAC sector.

China Holds the Dominant Market Share in Asia-Pacific HVAC System Market

Urbanization and construction trends are pivotal drivers of growth in the HVAC industry. As urban populations swell, the demand for residential, commercial, and industrial buildings escalates, necessitating the installation of HVAC systems in diverse structures such as apartments, office complexes, shopping centers, and factories.

Concurrently, construction practices are evolving, with a marked emphasis on sustainability and energy efficiency. Green building initiatives, propelled by government mandates and environmental concerns, dictate stringent standards for HVAC systems in new constructions, fostering a market for eco-friendly solutions.

Furthermore, the trend towards renovating and retrofitting existing buildings amplifies the need for HVAC upgrades, aligning with modern energy-saving technologies. Technological integration, seen through the amalgamation of HVAC systems with building automation and smart technology, enhances overall building performance and energy efficiency. 

This synergy of urbanization, sustainable construction, and technological advancement underscores the pivotal role played by urbanization and construction trends in propelling the growth of the HVAC industry. The growing demand for improved indoor and outdoor air quality drives the HVAC system market. The increasing awareness regarding the importance of air quality is compelling both residential and commercial property owners to invest in HVAC systems that can effectively filter and purify indoor air while minimizing outdoor emissions.

As a result, there is a rising demand for advanced HVAC systems equipped with modern filtration technologies, such as HEPA filters and UV-C light sterilization that can eliminate pollutants, allergens, and pathogens from indoor air. This trend is driving HVAC manufacturers to innovate and develop new solutions that prioritize air quality improvement, thereby fueling the growth of the HVAC system market.

 

India to Witness Substantial Growth in the Asia-Pacific HVAC System Market

The implementation of residential energy-saving regulations drives the HVAC system market. These regulations drive the HVAC system market by requiring more energy-efficient systems than before and prompting manufacturers to develop and produce HVAC units that comply with these standards.

Consequently, consumers are inclined to invest in more efficient HVAC systems to meet regulatory requirements and reduce energy bills. Additionally, these regulations raise awareness among homeowners about the benefits of energy-efficient HVAC systems, leading to a higher demand for such products.

This increased consumer awareness drives manufacturers to innovate and offer a wider range of efficient products to meet the growing market needs. This, in turn, further fuels the demand for energy-efficient HVAC systems.

Environmental concerns play a pivotal role in driving growth within the HVAC systems industry. With increased awareness of issues such as climate change, air pollution, and ozone depletion, there's mounting pressure for sustainable practices and regulations. Governments worldwide enforce mandates to reduce the environmental impact of HVAC systems, leading to the development and adoption of eco-friendly technologies.

Manufacturers invest in research and development to create systems using alternative refrigerants with lower global warming potential and enhance energy efficiency. Consumer demand for energy-efficient solutions aligns with regulatory goals, stimulating the market for high-efficiency HVAC equipment.

Moreover, the emphasis on indoor air quality (IAQ) fosters innovation in filtration, ventilation, and purification technologies. This concerted effort towards sustainability not only addresses environmental concerns but also drives market growth by meeting the evolving needs of stakeholders while creating healthier indoor environments.

 

Competitive Landscape

The market players operating in the Asia-Pacific HVAC System market include Midea Group Co Ltd, Daikin Industries Ltd., Gree Electric Appliances Inc., Johnson Controls International Plc., Carrier Global Corporation, Samsung Electronics Co., Ltd., Trane Technologies Plc., LG Electronics Inc., Panasonic Holdings Corporation, Lennox International Inc. and others.

Asia-Pacific HVAC System Market Key Segments

By Equipment

  • Cooling Equipment

    • Unitary Air Conditioners 

    • Variable Refrigerant Flow Systems (VRF)

    • Chillers

    • Room Air Conditioners 

    • Coolers

    • Cooling Towers

  • Heating Equipment

    • Heat Pumps

    • Furnaces

    • Unitary Heaters

    • Boilers

  • Ventilation 

    • Air-handling Units (AHUs)

    • Air Filtration Systems

    • Ventilation Fans

    • HRVs & ERVs

    • Air Purification Systems

    • Others

By Implementation Type

  • New Construction

  • Retrofit

By End User

  • Residential

  • Commercial

  • Industrial

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 90.41 Billion

Revenue Forecast in 2030

USD 154.45 Billion

Growth Rate

CAGR of 7.4% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • Increasing energy-saving regulations

  • Growing demand for improved indoor and outdoor air quality

Countries Covered

10

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Test

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      ASIA-PACIFIC HVAC SYSTEM MARKET – EXECUTIVE SUMMARY

           2.1.      MARKET SNAPSHOT, 2023 - 2030, MILLION USD

3      PORTER’S FIVE FORCE MODEL ANALYSIS

           3.1      BARGAINING POWER OF SUPPLIERS

           3.2      BARGAINING POWER OF BUYERS

           3.3      DEGREE OF COMPETITION

           3.4      THREAT OF SUBSTITUTE

           3.5      THREAT OF NEW ENTRANTS

4      MARKET SHARE ANALYSIS

           4.1      MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

5      MARKET DYNAMICS

           5.1      GROWTH DRIVERS

                         5.1.1      DRIVER 1

                         5.1.2      DRIVER 2

                         5.1.3      DRIVER 3

                         5.1.4      DRIVER 4

           5.2      CHALLENGES

                         5.2.1      CHALLENGE 1

                         5.2.2      CHALLENGE 2

                         5.2.3      CHALLENGE 3

                         5.2.4      CHALLENGE 4

           5.3      OPPORTUNITIES

                         5.3.1      OPPORTUNITY 1

                         5.3.2      OPPORTUNITY 2

6      ASIA-PACIFIC HVAC SYSTEM MARKET BY EQUIPMENT

           6.1      OVERVIEW

           6.2      COOLING EQUIPMENT

                         6.2.1      COOLING EQUIPMENT MARKET, BY EQUIPMENT

                                          6.2.1.1      UNITARY AIR CONDITIONERS MARKET, BY COUNTRY

                                          6.2.1.2       VARIABLE REFRIGERANT FLOW SYSTEMS (VRF) MARKET, BY COUNTRY

                                          6.2.1.3       CHILLERS MARKET, BY COUNTRY

                                          6.2.1.4       ROOM AIR CONDITIONERS MARKET, BY COUNTRY

                                          6.2.1.5       COOLERS MARKET, BY COUNTRY

                                          6.2.1.6       COOLING TOWERS MARKET, BY COUNTRY

                         6.2.2      COOLING EQUIPMENT MARKET, BY COUNTRY

           6.3      HEATING EQUIPMENT

                         6.3.1      HEATING EQUIPMENT MARKET, BY EQUIPMENT

                                          6.3.1.1      HEAT PUMPS MARKET, BY COUNTRY

                                          6.3.1.2       FURNACES MARKET, BY COUNTRY

                                          6.3.1.3       UNITARY HEATERS MARKET, BY COUNTRY

                                          6.3.1.4       BOILERS MARKET, BY COUNTRY

                         6.3.2      HEATING EQUIPMENT MARKET, BY COUNTRY

           6.4      VENTILATION

                         6.4.1      VENTILATION MARKET, BY EQUIPMENT

                                          6.4.1.1      AIR-HANDLING UNITS (AHUS) MARKET, BY COUNTRY

                                          6.4.1.2       AIR FILTRATION SYSTEMS MARKET, BY COUNTRY

                                          6.4.1.3       VENTILATION FANS MARKET, BY COUNTRY

                                          6.4.1.4       HRVS AND ERVS MARKET, BY COUNTRY

                                          6.4.1.5       AIR PURIFICATION SYSTEMS MARKET, BY COUNTRY

                                          6.4.1.6       OTHERS MARKET, BY COUNTRY

                         6.4.2      VENTILATION MARKET, BY COUNTRY

7      ASIA-PACIFIC HVAC SYSTEM MARKET BY IMPLEMENTATION TYPE

           7.1      OVERVIEW

           7.2      NEW CONSTRUCTION

                         7.2.1      NEW CONSTRUCTION MARKET, BY COUNTRY

           7.3      RETROFIT

                         7.3.1      RETROFIT MARKET, BY COUNTRY

8      ASIA-PACIFIC HVAC SYSTEM MARKET BY END USER

           8.1      OVERVIEW

           8.2      RESIDENTIAL

                         8.2.1      RESIDENTIAL MARKET, BY COUNTRY

           8.3      COMMERCIAL

                         8.3.1      COMMERCIAL MARKET, BY COUNTRY

           8.4      INDUSTRIAL

                         8.4.1      INDUSTRIAL MARKET, BY COUNTRY

9     ASIA-PACIFIC HVAC SYSTEM MARKET, BY COUNTRY

           9.1     OVERVIEW

           9.2     AUSTRALIA

                         9.2.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.2.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.2.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.3     CHINA

                         9.3.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.3.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.3.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.4     INDIA

                         9.4.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.4.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.4.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.5     JAPAN

                         9.5.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.5.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.5.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.6     SOUTH KOREA

                         9.6.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.6.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.6.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.7     INDONESIA

                         9.7.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.7.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.7.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.8     SINGAPORE

                         9.8.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.8.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.8.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.9     TAIWAN

                         9.9.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.9.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.9.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.10     THAILAND

                         9.10.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.10.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.10.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

           9.11     REST OF ASIA-PACIFIC

                         9.11.1     ASIA-PACIFIC HVAC SYSTEM MARKET, BY EQUIPMENT

                         9.11.2     ASIA-PACIFIC HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE

                         9.11.3     ASIA-PACIFIC HVAC SYSTEM MARKET, BY END USER

10   COMPANY PROFILES

           10.1   MIDEA GROUP CO LTD.

                         10.1.1   COMPANY OVERVIEW

                         10.1.2   COMPANY SNAPSHOT

                         10.1.3   OPERATING BUSINESS SEGMENTS

                         10.1.4   PRODUCT PORTFOLIO

                         10.1.5   BUSINESS PERFORMANCE

                         10.1.6   BUSINESS SEGMENTS

                         10.1.7   GEOGRAPHIC SEGMENTS

                         10.1.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.1.9   PRIMARY MARKET COMPETITORS

           10.2   DAIKIN INDUSTRIES LTD.

                         10.2.1   COMPANY OVERVIEW

                         10.2.2   COMPANY SNAPSHOT

                         10.2.3   OPERATING BUSINESS SEGMENTS

                         10.2.4   PRODUCT PORTFOLIO

                         10.2.5   BUSINESS PERFORMANCE

                         10.2.6   BUSINESS SEGMENTS

                         10.2.7   GEOGRAPHIC SEGMENTS

                         10.2.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.2.9   PRIMARY MARKET COMPETITORS

           10.3   GREE ELECTRIC APPLIANCES INC.

                         10.3.1   COMPANY OVERVIEW

                         10.3.2   COMPANY SNAPSHOT

                         10.3.3   OPERATING BUSINESS SEGMENTS

                         10.3.4   PRODUCT PORTFOLIO

                         10.3.5   BUSINESS PERFORMANCE

                         10.3.6   BUSINESS SEGMENTS

                         10.3.7   GEOGRAPHIC SEGMENTS

                         10.3.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.3.9   PRIMARY MARKET COMPETITORS

           10.4   JOHNSON CONTROLS INTERNATIONAL PLC.

                         10.4.1   COMPANY OVERVIEW

                         10.4.2   COMPANY SNAPSHOT

                         10.4.3   OPERATING BUSINESS SEGMENTS

                         10.4.4   PRODUCT PORTFOLIO

                         10.4.5   BUSINESS PERFORMANCE

                         10.4.6   BUSINESS SEGMENTS

                         10.4.7   GEOGRAPHIC SEGMENTS

                         10.4.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.4.9   PRIMARY MARKET COMPETITORS

           10.5   CARRIER GLOBAL CORPORATION

                         10.5.1   COMPANY OVERVIEW

                         10.5.2   COMPANY SNAPSHOT

                         10.5.3   OPERATING BUSINESS SEGMENTS

                         10.5.4   PRODUCT PORTFOLIO

                         10.5.5   BUSINESS PERFORMANCE

                         10.5.6   BUSINESS SEGMENTS

                         10.5.7   GEOGRAPHIC SEGMENTS

                         10.5.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.5.9   PRIMARY MARKET COMPETITORS

           10.6   SAMSUNG ELECTRONICS CO., LTD.

                         10.6.1   COMPANY OVERVIEW

                         10.6.2   COMPANY SNAPSHOT

                         10.6.3   OPERATING BUSINESS SEGMENTS

                         10.6.4   PRODUCT PORTFOLIO

                         10.6.5   BUSINESS PERFORMANCE

                         10.6.6   BUSINESS SEGMENTS

                         10.6.7   GEOGRAPHIC SEGMENTS

                         10.6.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.6.9   PRIMARY MARKET COMPETITORS

           10.7   TRANE TECHNOLOGIES PLC.

                         10.7.1   COMPANY OVERVIEW

                         10.7.2   COMPANY SNAPSHOT

                         10.7.3   OPERATING BUSINESS SEGMENTS

                         10.7.4   PRODUCT PORTFOLIO

                         10.7.5   BUSINESS PERFORMANCE

                         10.7.6   BUSINESS SEGMENTS

                         10.7.7   GEOGRAPHIC SEGMENTS

                         10.7.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.7.9   PRIMARY MARKET COMPETITORS

           10.8   LG ELECTRONICS INC.

                         10.8.1   COMPANY OVERVIEW

                         10.8.2   COMPANY SNAPSHOT

                         10.8.3   OPERATING BUSINESS SEGMENTS

                         10.8.4   PRODUCT PORTFOLIO

                         10.8.5   BUSINESS PERFORMANCE

                         10.8.6   BUSINESS SEGMENTS

                         10.8.7   GEOGRAPHIC SEGMENTS

                         10.8.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.8.9   PRIMARY MARKET COMPETITORS

           10.9   PANASONIC HOLDINGS CORPORATION

                         10.9.1   COMPANY OVERVIEW

                         10.9.2   COMPANY SNAPSHOT

                         10.9.3   OPERATING BUSINESS SEGMENTS

                         10.9.4   PRODUCT PORTFOLIO

                         10.9.5   BUSINESS PERFORMANCE

                         10.9.6   BUSINESS SEGMENTS

                         10.9.7   GEOGRAPHIC SEGMENTS

                         10.9.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.9.9   PRIMARY MARKET COMPETITORS

           10.10   LENNOX INTERNATIONAL INC.

                         10.10.1   COMPANY OVERVIEW

                         10.10.2   COMPANY SNAPSHOT

                         10.10.3   OPERATING BUSINESS SEGMENTS

                         10.10.4   PRODUCT PORTFOLIO

                         10.10.5   BUSINESS PERFORMANCE

                         10.10.6   BUSINESS SEGMENTS

                         10.10.7   GEOGRAPHIC SEGMENTS

                         10.10.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.10.9   PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 2. UNITARY AIR CONDITIONERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 3. VARIABLE REFRIGERANT FLOW SYSTEMS (VRF), MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 4. CHILLERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 5. ROOM AIR CONDITIONERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 6. COOLERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 7. COOLING TOWERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 8. COOLING EQUIPMENT, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 9. HEAT PUMPS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 10. FURNACES, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 11. UNITARY HEATERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 12. BOILERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 13. HEATING EQUIPMENT, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 14. AIR-HANDLING UNITS (AHUS), MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 15. AIR FILTRATION SYSTEMS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 16. VENTILATION FANS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 17. HRVS AND ERVS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 18. AIR PURIFICATION SYSTEMS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 19. OTHERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 20. VENTILATION, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 21. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 22. NEW CONSTRUCTION, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 23. RETROFIT, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 24. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 25. RESIDENTIAL, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 26. COMMERCIAL, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 27. INDUSTRIAL, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 28. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 29. AUSTRALIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 30. AUSTRALIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 31. AUSTRALIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 32. CHINA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 33. CHINA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 34. CHINA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 35. INDIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 36. INDIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 37. INDIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 38. JAPAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 39. JAPAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 40. JAPAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 41. SOUTH KOREA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 42. SOUTH KOREA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 43. SOUTH KOREA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 44. INDONESIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 45. INDONESIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 46. INDONESIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 47. SINGAPORE ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 48. SINGAPORE ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 49. SINGAPORE ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 50. TAIWAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 51. TAIWAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 52. TAIWAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 53. THAILAND ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 54. THAILAND ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 55. THAILAND ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 56. REST OF ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

TABLE 57. REST OF ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

TABLE 58. REST OF ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 59. MIDEA GROUP CO LTD.: COMPANY SNAPSHOT

TABLE 60. MIDEA GROUP CO LTD.: OPERATING BUSINESS SEGMENTS

TABLE 61. MIDEA GROUP CO LTD.: PRODUCT PORTFOLIO

TABLE 62. MIDEA GROUP CO LTD.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 63. MIDEA GROUP CO LTD.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 64. MIDEA GROUP CO LTD.: KEY STRATERGY

TABLE 65. DAIKIN INDUSTRIES LTD.: COMPANY SNAPSHOT

TABLE 66. DAIKIN INDUSTRIES LTD.: OPERATING BUSINESS SEGMENTS

TABLE 67. DAIKIN INDUSTRIES LTD.: PRODUCT PORTFOLIO

TABLE 68. DAIKIN INDUSTRIES LTD.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 69. DAIKIN INDUSTRIES LTD.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 70. DAIKIN INDUSTRIES LTD.: KEY STRATERGY

TABLE 71. GREE ELECTRIC APPLIANCES INC.: COMPANY SNAPSHOT

TABLE 72. GREE ELECTRIC APPLIANCES INC.: OPERATING BUSINESS SEGMENTS

TABLE 73. GREE ELECTRIC APPLIANCES INC.: PRODUCT PORTFOLIO

TABLE 74. GREE ELECTRIC APPLIANCES INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 75. GREE ELECTRIC APPLIANCES INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 76. GREE ELECTRIC APPLIANCES INC.: KEY STRATERGY

TABLE 77. JOHNSON CONTROLS INTERNATIONAL PLC.: COMPANY SNAPSHOT

TABLE 78. JOHNSON CONTROLS INTERNATIONAL PLC.: OPERATING BUSINESS SEGMENTS

TABLE 79. JOHNSON CONTROLS INTERNATIONAL PLC.: PRODUCT PORTFOLIO

TABLE 80. JOHNSON CONTROLS INTERNATIONAL PLC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 81. JOHNSON CONTROLS INTERNATIONAL PLC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 82. JOHNSON CONTROLS INTERNATIONAL PLC.: KEY STRATERGY

TABLE 83. CARRIER GLOBAL CORPORATION: COMPANY SNAPSHOT

TABLE 84. CARRIER GLOBAL CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 85. CARRIER GLOBAL CORPORATION: PRODUCT PORTFOLIO

TABLE 86. CARRIER GLOBAL CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 87. CARRIER GLOBAL CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 88. CARRIER GLOBAL CORPORATION: KEY STRATERGY

TABLE 89. SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT

TABLE 90. SAMSUNG ELECTRONICS CO., LTD.: OPERATING BUSINESS SEGMENTS

TABLE 91. SAMSUNG ELECTRONICS CO., LTD.: PRODUCT PORTFOLIO

TABLE 92. SAMSUNG ELECTRONICS CO., LTD.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 93. SAMSUNG ELECTRONICS CO., LTD.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 94. SAMSUNG ELECTRONICS CO., LTD.: KEY STRATERGY

TABLE 95. TRANE TECHNOLOGIES PLC.: COMPANY SNAPSHOT

TABLE 96. TRANE TECHNOLOGIES PLC.: OPERATING BUSINESS SEGMENTS

TABLE 97. TRANE TECHNOLOGIES PLC.: PRODUCT PORTFOLIO

TABLE 98. TRANE TECHNOLOGIES PLC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 99. TRANE TECHNOLOGIES PLC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 100. TRANE TECHNOLOGIES PLC.: KEY STRATERGY

TABLE 101. LG ELECTRONICS INC.: COMPANY SNAPSHOT

TABLE 102. LG ELECTRONICS INC.: OPERATING BUSINESS SEGMENTS

TABLE 103. LG ELECTRONICS INC.: PRODUCT PORTFOLIO

TABLE 104. LG ELECTRONICS INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 105. LG ELECTRONICS INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 106. LG ELECTRONICS INC.: KEY STRATERGY

TABLE 107. PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT

TABLE 108. PANASONIC HOLDINGS CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 109. PANASONIC HOLDINGS CORPORATION: PRODUCT PORTFOLIO

TABLE 110. PANASONIC HOLDINGS CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 111. PANASONIC HOLDINGS CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 112. PANASONIC HOLDINGS CORPORATION: KEY STRATERGY

TABLE 113. LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT

TABLE 114. LENNOX INTERNATIONAL INC.: OPERATING BUSINESS SEGMENTS

TABLE 115. LENNOX INTERNATIONAL INC.: PRODUCT PORTFOLIO

TABLE 116. LENNOX INTERNATIONAL INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 117. LENNOX INTERNATIONAL INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 118. LENNOX INTERNATIONAL INC.: KEY STRATERGY

LIST OF FIGURES

FIGURE 1. BARGAINING POWER OF SUPPLIERS

FIGURE 2. BARGAINING POWER OF BUYERS

FIGURE 3. DEGREE OF COMPETITION

FIGURE 4. THREAT OF SUBSTITUTE

FIGURE 5. THREAT OF NEW ENTRANTS

FIGURE 6. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT, 2023-2030, (MILLION USD)

FIGURE 7. UNITARY AIR CONDITIONERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 8. VARIABLE REFRIGERANT FLOW SYSTEMS (VRF), MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 9. CHILLERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 10. ROOM AIR CONDITIONERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 11. COOLERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 12. COOLING TOWERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 13. COOLING EQUIPMENT, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 14. HEAT PUMPS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 15. FURNACES, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 16. UNITARY HEATERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 17. BOILERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 18. HEATING EQUIPMENT, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 19. AIR-HANDLING UNITS (AHUS), MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 20. AIR FILTRATION SYSTEMS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 21. VENTILATION FANS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 22. HRVS AND ERVS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 23. AIR PURIFICATION SYSTEMS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 24. OTHERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 25. VENTILATION, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 26. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE, 2023-2030, (MILLION USD)

FIGURE 27. NEW CONSTRUCTION, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 28. RETROFIT, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 29. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

FIGURE 30. RESIDENTIAL, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 31. COMMERCIAL, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 32. INDUSTRIAL, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 33. ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY REGION 2023-2030, (MILLION USD)

FIGURE 34. AUSTRALIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 35. AUSTRALIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 36. AUSTRALIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 37. CHINA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 38. CHINA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 39. CHINA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 40. INDIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 41. INDIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 42. INDIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 43. JAPAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 44. JAPAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 45. JAPAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 46. SOUTH KOREA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 47. SOUTH KOREA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 48. SOUTH KOREA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 49. INDONESIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 50. INDONESIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 51. INDONESIA ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 52. SINGAPORE ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 53. SINGAPORE ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 54. SINGAPORE ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 55. TAIWAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 56. TAIWAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 57. TAIWAN ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 58. THAILAND ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 59. THAILAND ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 60. THAILAND ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 61. REST OF ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY EQUIPMENT 2023-2030, (MILLION USD)

FIGURE 62. REST OF ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY IMPLEMENTATION TYPE 2023-2030, (MILLION USD)

FIGURE 63. REST OF ASIA-PACIFIC HVAC SYSTEM MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 64. MIDEA GROUP CO LTD.: NET SALES, (2021-2023)

FIGURE 65. MIDEA GROUP CO LTD.: PRIMARY MARKET COMPETITORS

FIGURE 66. DAIKIN INDUSTRIES LTD.: NET SALES, (2021-2023)

FIGURE 67. DAIKIN INDUSTRIES LTD.: PRIMARY MARKET COMPETITORS

FIGURE 68. GREE ELECTRIC APPLIANCES INC.: NET SALES, (2021-2023)

FIGURE 69. GREE ELECTRIC APPLIANCES INC.: PRIMARY MARKET COMPETITORS

FIGURE 70. JOHNSON CONTROLS INTERNATIONAL PLC.: NET SALES, (2021-2023)

FIGURE 71. JOHNSON CONTROLS INTERNATIONAL PLC.: PRIMARY MARKET COMPETITORS

FIGURE 72. CARRIER GLOBAL CORPORATION: NET SALES, (2021-2023)

FIGURE 73. CARRIER GLOBAL CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 74. SAMSUNG ELECTRONICS CO., LTD.: NET SALES, (2021-2023)

FIGURE 75. SAMSUNG ELECTRONICS CO., LTD.: PRIMARY MARKET COMPETITORS

FIGURE 76. TRANE TECHNOLOGIES PLC.: NET SALES, (2021-2023)

FIGURE 77. TRANE TECHNOLOGIES PLC.: PRIMARY MARKET COMPETITORS

FIGURE 78. LG ELECTRONICS INC.: NET SALES, (2021-2023)

FIGURE 79. LG ELECTRONICS INC.: PRIMARY MARKET COMPETITORS

FIGURE 80. PANASONIC HOLDINGS CORPORATION: NET SALES, (2021-2023)

FIGURE 81. PANASONIC HOLDINGS CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 82. LENNOX INTERNATIONAL INC.: NET SALES, (2021-2023)

FIGURE 83. LENNOX INTERNATIONAL INC.: PRIMARY MARKET COMPETITORS

KEY PLAYERS

  • Midea Group Co Ltd.

  • Daikin Industries Ltd.

  • Gree Electric Appliances Inc.

  • Johnson Controls International Plc.

  • Carrier Global Corporation

  • Samsung Electronics Co., Ltd.

  • Trane Technologies Plc.

  • LG Electronics Inc.

  • Panasonic Holdings Corporation

  • Lennox International Inc.


Frequently Asked Questions
Which are the key players operating in the Asia-Pacific HVAC system market?

The key market players operating in the Asia-Pacific HVAC system market are Midea Group Co Ltd, Daikin Industries Ltd., Gree Electric Appliances Inc., Johnson Controls International Plc., Carrier Global Corporation, Samsung Electronics Co., Ltd., Trane Technologies Plc., LG Electronics Inc., Panasonic Holdings Corporation, Lennox International Inc. and others.

What will be the size of the Asia-Pacific HVAC system market in 2030?

According to the Next Move Strategy Consulting, the size of the Asia-Pacific HVAC system market is estimated to be at USD 154.45 Billion in 2030.

What are the benefits of upgrading to a more energy-efficient HVAC system?

Upgrading to an energy-efficient HVAC system can lead to lower energy bills, reduced environmental impact, improved indoor comfort, enhanced indoor air quality, and potentially qualify you for incentives from utility companies or government programs.

What challenges are related to the HVAC system industry?

Key challenges are the high raw materials costs & regulatory compliances associated with HVAC systems.

What is the size of the Asia-Pacific HVAC system market in 2023?

According to the Next Move Strategy Consulting, the size of the Asia-Pacific HVAC system market is estimated at USD 90.41 Billion in 2023.