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In 2022, the Commercial HVAC Market Size was estimated to be worth USD 87.4 billion. According to projections, the Commercial HVAC market industry would expand from USD 96.6 billion in 2022 to USD 170.2 billion by 2030, with a compound annual growth rate (CAGR) of 8.34% from 2023 to 2030.
To control the interior temperature of a building, employ a commercial HVAC system. Additionally, it helps to filter and clean indoor air so that humidity levels are kept at a certain level. Commercial HVAC systems are bigger than household HVAC systems. A commercial HVAC system includes thermostats, dampers, condenser fans, compressors, evaporators, and blowers. The market is being driven ahead by an increase in data centres, a rise in the demand for HVAC systems that use less energy, and government tax and rebate programmes. The global market is also growing as a result of factors including urbanisation and increased per capita disposable income.
The growth of the commercial HVAC business is a result of the rise in data centre construction. In order to prevent the breakdown of critical gear, data centres' temperature, humidity, ventilation, and cleanliness must be periodically inspected. These components are highly sensitive electrical components. HVAC systems are an essential part of a data centre, and cooling systems make up a sizeable portion of overall running costs. The significant amount of heat produced by the machinery and equipment in data centres has also led to an increase in data centre construction around the globe. Additionally, by using strong HVAC systems, data centre operators can ensure that server rooms are kept at the right temperature and humidity.
Heat pumps, Furnaces, Boilers, and Unitary Heaters are included in the market segmentation based on Heating Type. In 2021, the Heat Pump category held the lion's share. The increasing demand for environmentally friendly and energy-efficient HVAC systems is credited with driving the segment's expansion. An other significant driver boosting the expansion of the heat pump market is the expanding building sector. Humidifiers, Dehumidifiers, Air Purifiers, Ventilation Fans, and Air Handling Units are among the products included in the market segmentation based on ventilation type. During the forecast period, 2022-2030, it is anticipated that the Air Handling Units segment will grow more quickly than other segments. The requirement for HVAC solutions that are both economical and energy-efficient is what is driving the increase in demand for air handling units. Compared to other types of HVAC systems, air handling units have various benefits, including increased indoor air quality, lower running costs, and better energy efficiency.
Report Coverage
Global Commercial HVAC research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Commercial HVAC report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Commercial HVAC competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Commercial HVAC market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Commercial HVAC market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Commercial HVAC market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Panasonic, Mitsubishi Corporation, Samsung Electronics Co. Ltd, Daikin Industries Ltd, Haier Electronics Group Co. Ltd, Ingersoll Rand, Johnson Controls, Farina Corporation, Edison Heating and Cooling, Lennox International Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Commercial HVAC market based on the below-mentioned segments:
Global Commercial HVAC Market, By Heating Type
Heat Pump
Furnaces
Boilers
Unitary Heaters
Global Commercial HVAC market, By Application
Large and Small Offices
Hospitals
Shopping Malls
Restaurants
Others
Global Commercial HVAC Market, By Ventilation Type
Humidifiers
Dehumidifiers
Air Purifiers
Ventilation Fans
Air Handling Units
Global Commercial HVAC market, Regional Analysis
To control the interior temperature of a building, employ a commercial HVAC system. Additionally, it helps to filter and clean indoor air so that humidity levels are kept at a certain level. Commercial HVAC systems are bigger than household HVAC systems. A commercial HVAC system includes thermostats, dampers, condenser fans, compressors, evaporators, and blowers. The market is being driven ahead by an increase in data centres, a rise in the demand for HVAC systems that use less energy, and government tax and rebate programmes. The global market is also growing as a result of factors including urbanisation and increased per capita disposable income.
The growth of the commercial HVAC business is a result of the rise in data centre construction. In order to prevent the breakdown of critical gear, data centres' temperature, humidity, ventilation, and cleanliness must be periodically inspected. These components are highly sensitive electrical components. HVAC systems are an essential part of a data centre, and cooling systems make up a sizeable portion of overall running costs. The significant amount of heat produced by the machinery and equipment in data centres has also led to an increase in data centre construction around the globe. Additionally, by using strong HVAC systems, data centre operators can ensure that server rooms are kept at the right temperature and humidity.
Heat pumps, Furnaces, Boilers, and Unitary Heaters are included in the market segmentation based on Heating Type. In 2021, the Heat Pump category held the lion's share. The increasing demand for environmentally friendly and energy-efficient HVAC systems is credited with driving the segment's expansion. An other significant driver boosting the expansion of the heat pump market is the expanding building sector. Humidifiers, Dehumidifiers, Air Purifiers, Ventilation Fans, and Air Handling Units are among the products included in the market segmentation based on ventilation type. During the forecast period, 2022-2030, it is anticipated that the Air Handling Units segment will grow more quickly than other segments. The requirement for HVAC solutions that are both economical and energy-efficient is what is driving the increase in demand for air handling units. Compared to other types of HVAC systems, air handling units have various benefits, including increased indoor air quality, lower running costs, and better energy efficiency.
Report Coverage
Global Commercial HVAC research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Commercial HVAC report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Commercial HVAC competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Commercial HVAC market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Panasonic, Mitsubishi Corporation, Samsung Electronics Co. Ltd, Daikin Industries Ltd, Haier Electronics Group Co. Ltd, Ingersoll Rand, Johnson Controls, Farina Corporation, Edison Heating and Cooling, Lennox International Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Commercial HVAC Market from 2021 to 2030.
- Market Forecast for Commercial HVAC Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Commercial HVAC competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Commercial HVAC
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Commercial HVAC market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Commercial HVAC market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Panasonic, Mitsubishi Corporation, Samsung Electronics Co. Ltd, Daikin Industries Ltd, Haier Electronics Group Co. Ltd, Ingersoll Rand, Johnson Controls, Farina Corporation, Edison Heating and Cooling, Lennox International Inc.
Primary Target Market
- Market Players of Commercial HVAC
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Commercial HVAC market based on the below-mentioned segments:
Global Commercial HVAC Market, By Heating Type
Heat Pump
Furnaces
Boilers
Unitary Heaters
Global Commercial HVAC market, By Application
Large and Small Offices
Hospitals
Shopping Malls
Restaurants
Others
Global Commercial HVAC Market, By Ventilation Type
Humidifiers
Dehumidifiers
Air Purifiers
Ventilation Fans
Air Handling Units
Global Commercial HVAC market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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