Taiwan HVAC Systems Market by Equipment (Room‐Level Air Conditioners, and Others), by System Type (Centralized Systems, and Others), by Implementation Type (New Construction Buildings, and Retrofit Buildings), by Technology (Inverter Technology, and Others), by Energy Efficiency (1 Star, and Others), by Capacity (Up to 1.5 Ton, and Others), by Installation/Mounting (Wall-mounted, and Others), by End User (Commercial, and Others) - Opportunity Analysis and Industry Forecast, 2024– 2030.
Industry: Construction & Manufacturing | Publish Date: 15-Oct-2025 | No of Pages: 119 | No. of Tables: 163 | No. of Figures: 108 | Format: PDF | Report Code : CM1949
Market Definition
The Taiwan HVAC System Market size was valued at USD 1.65 billion in 2023, and is predicted to reach USD 2.65 billion by 2030, at a CAGR of 6.4% 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.
Growing Demand for Improved Indoor and Outdoor Air Quality Drive the HVAC System Market
The escalating need for enhanced indoor and outdoor air quality is driving the growth of the HVAC system market. Increasing awareness regarding the significance of air quality is prompting residential and commercial property owners alike to invest in HVAC systems capable of efficiently filtering and purifying indoor air while minimizing outdoor emissions.
Consequently, there is a growing demand for advanced HVAC systems equipped with modern filtration technologies such as HEPA filters and UV-C light sterilization, designed to eliminate pollutants, allergens, and pathogens from indoor air. This trend is compelling HVAC manufacturers to innovate and develop new solutions prioritizing air quality improvement, thereby stimulating the growth of the HVAC system market.
Increasing Energy-Saving Regulations Drives the HVAC System Market
The introduction of residential energy-saving regulations serves as a catalyst for growth in the HVAC system market. These regulations propel market expansion by mandating the adoption of more energy-efficient systems, compelling manufacturers to develop compliant HVAC units.
Consequently, consumers are motivated to invest in energy-efficient HVAC systems to fulfill regulatory obligations and minimize energy expenses. Additionally, these regulations enhance homeowners' awareness of the advantages of energy-efficient HVAC systems, resulting in heightened demand for such products.
This heightened demand stimulates manufacturers to innovate and broaden their product offerings to cater to the burgeoning market demands, thereby intensifying the demand for energy-efficient HVAC systems.
Regulatory Compliance Associated with HVAC Systems Impede the Market Expansion
The growth potential of the HVAC industry encounters a significant barrier in regulatory compliance. This entails adhering to a multitude of laws, regulations, and standards stipulated by governmental bodies and industry organizations, covering various aspects including energy efficiency, emissions, refrigerants, and building codes.
Compliance with such regulations necessitates substantial investments in research, development, and technology to ensure alignment with prescribed standards. However, for smaller enterprises or those with limited resources, navigating this intricate regulatory landscape can be particularly daunting, potentially impeding their market entry or expansion.
Furthermore, 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 hindrance to the growth and development of the HVAC market, imposing additional costs and complexities on industry players and limiting their ability to fully exploit market opportunities.
IoT Integration Creates Ample Opportunities for the HVAC System Market
The integration of Internet of Things (IoT) technology represents a significant market opportunity for the HVAC industry. This integration leads to remote control functionalities, enhanced energy efficiency, and predictive maintenance solutions. By incorporating IoT devices and sensors into HVAC systems, users gain the ability to remotely monitor and adjust settings, optimize energy consumption, and proactively address maintenance issues before they escalate.
This advancement improves user experience and comfort, lowers energy costs, and extends the lifespan of HVAC equipment. As the demand surges for smarter and more efficient buildings, surpassing the capabilities of current infrastructure, the implementation of IoT integration is poised to create ample opportunities within the HVAC system market.
Competitive Landscape
The market players operating in the Taiwan HVAC System market include Carrier Global Corporation, Trane Technologies, Mitsubishi Electric, LG Electronics, Fujitsu General, Taikisha Globa, Mayekawa, Johnson Controls (York), Panasonic, Halton Group, Daikin, Carrier Global Corporation, Bing Dion, Haier Group, Heran Co., Ltd., and others.
Taiwan HVAC System Market Key Segments
By Equipment
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Room‐Level Air Conditioners
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Window
-
Portable
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Cassette (ceiling-mounted)
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Floor-standing console
-
-
Split Air Conditioners
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Single-split (1 indoor + 1 outdoor)
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Multi-split (≥2 indoors + 1 outdoor)
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VRF/VRV
-
-
Packaged & Central AC Units
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Rooftop packaged units
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Self-contained packaged units
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Central chiller and AHU systems
-
-
Chillers
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Air-cooled
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Water-cooled
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Absorption
-
-
Heating Equipment
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Heat Pumps
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Furnaces
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Boilers
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Unit Heaters
-
-
Ventilation Equipment
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Air Handling Units (AHUs)
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Fans & Blowers
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Air Filtration Systems
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Air Purification Systems
-
-
Humidity Control
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Humidifiers
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Dehumidifiers
-
-
Cooling Towers
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Controls & Thermostats
By System Type
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Centralized Systems
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Decentralized Systems
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Hybrid Systems
By Implementation Type
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New Construction Buildings
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Retrofit Buildings
By Technology
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Inverter Technology
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Non-Inverter Technology
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Smart/IoT-enabled
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Conventional
By Energy Efficiency
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1 Star
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2 Star
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3 Star
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4 Star
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5 Star
By Capacity
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Up to 1.5 Ton
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1.5-3 Ton
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3-5 Ton
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Above 5 Ton
By Installation/Mounting
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Wall-mounted
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Ceiling-mounted
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Floor-standing
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Ducted
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Window-mounted
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Portable
By End User
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Commercial
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Offices
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Hospitality (Hotels, Restaurants)
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Healthcare
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Education
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Retail
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Airports
-
-
Residential
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Industrial
Key Players
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Carrier Global Corporation
-
Trane Technologies
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Mitsubishi Electric
-
LG Electronics
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Fujitsu General
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Taikisha Globa
-
Mayekawa
-
Johnson Controls (York)
-
Panasonic
-
Halton Group
-
Daikin
-
Carrier Global Corporation
-
Bing Dion
-
Haier Group
-
Heran Co., Ltd.
Report Scope and Segmentation
|
Parameters |
Details |
|
Market Size in 2023 |
USD 1.65 Billion |
|
Revenue Forecast in 2030 |
USD 2.65 Billion |
|
Growth Rate |
CAGR of 6.4% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
15 |
|
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. |
About the Author
Sikha Haritwal is a researcher with more than 5 years of experience. She has been keeping a close eye on several industry verticals, including construction & manufacturing, personal care products, and consumer electronics. She has avid interest in writing news articles and hopes to use blog as a platform to share her knowledge with others.
About the Reviewer
Supradip Baul is an accomplished business consultant and strategist with over a decade of rich experience in market intelligence, strategy, technology and business transformation. His work has included rigorous qualitative and quantitative analysis across multiple industries, helping clients shape investment decisions and long-term roadmaps. Earlier in his career, he was associated with Gartner, where he contributed to industry-leading reports and market share analyses. He has worked with leading global companies and holds an MBA with a dual specialization in Marketing and Finance.
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