HVAC Systems Industry Data Book Covers U.S. HVAC Systems, U.S. HVAC Controls Systems, Heating Equipment, Heat Pump, Chillers, Cooling Towers, Dehumidifier, Air Purifiers Markets.
The economic value generated by the HVAC systems markets was estimated at approximately USD 136 billion in 2021.
Grand View Research’s HVAC Systems data book is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.
U.S. HVAC Systems Market Insights
The U.S. HVAC systems market size was valued at USD 17.15 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.
On the basis of products, the overall market has been further divided into three main types, namely, heating, ventilation, and cooling. The cooling product segment dominated the market in 2022. The segment accounted for the largest share of 57.8% of the total revenue in the same year. The cooling segment is further projected to retain its dominant market position expanding at the fastest growth rate during the forecast period. This product category largely comprises unitary ACs, split packaged systems, portable ACs, and cooling towers.
On the basis of end uses, the overall market has been further segmented into residential, commercial, and industrial. HVAC products are used in residential, commercial, and industrial buildings. The demand for HVAC systems in the commercial end-use sector is anticipated to witness the fastest growth rate of more than 7.0% from 2023 to 2030.
Heat Pump Market Insights
The global heat pump market size was estimated at USD 67.7 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 8.1% from 2022 to 2030.
The air source technology segment led the heat pump market and accounted for a revenue share of 81.1% in 2021. Air source technology is an efficient source of hot water, along with spacing heating and cooling applications by ensuring low carbon footprint, low maintenance, easy installation process, and cost-effective.
The residential application segment has led in the year 2021 by accounting for 80.5% of global heat pump revenue. Residential applications for hot water along with space heating and cooling have witnessed a rise in demand due to the increasing population which in turn leads to the growth in demand for cost-effective and convenient air conditioning techniques.
The industrial application segment is likely to register a CAGR of 7.8% over the forecast period. Heat pumps find application in such as paper pulp, food beverage, chemical, automotive, and other prominent industries due to the rising focus to reduce the costs of energy, maintenance costs, and environmental effects amid emission of large amounts of greenhouse gases into the environment from the industries.
Access the Global HVAC Systems Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Dehumidifier Market Insights
The global dehumidifier market size was estimated at USD 3,030.8 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.8% from 2023 to 2030.
The global dehumidifier market is dominated by the desiccant dehumidifier in 2022, accounting for 56.3% of the market share. A desiccant dehumidifier is used in a wide variety of industries to remove excess moisture and improve the efficiency of the process and the quality of the product. It can be employed in industries where low RH values are required, such as food, pharmaceutical, and electronic industries.
The fixed segment dominated the global market accounting for a 57.2% share in 2022. Fixed or mounted dehumidifier is preferred widely in various application in the commercial, industrial as well as residential sector. Such fixed dehumidifiers continuously operate and offer drying solutions for rooms with high relative humidity.
The industrial segment dominated the market accounting for a 45.5% share in 2022. A dehumidifier is used in the industrial sector for various applications such as drying products, controlling relative humidity, and removing excess moisture. The growth in the manufacturing industry, warehousing, and water treatment plants is likely to drive segment growth.
Air Purifier Market Insights
The global air purifier market size was estimated at USD 13.97 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030.
The HEPA segment led the industry in 2022 and accounted for the maximum share of 40.3% of the global revenue. Smoke, dust, bio-contaminants, and pollen are examples of airborne particles that HEPA filters are very effective at capturing. The worldwide air purifier industry is projected to see increased product penetration due to the high caliber and dependability of HEPA filters to remove airborne particles.
The commercial segment led the industry in 2022 and accounted for the largest share of 57.0% of the global revenue. Air purifiers are used in schools, malls, conference centers workplaces, hospitals, hotels, theatres, and other business locations like recreation centers and amusement areas. Restaurants and hotels use air purifiers with activated carbon and HEPA to eliminate airborne, odor, and smoke particles from the air, improving the quality of the air in the spaces.
HVAC Systems Market – Global Industry Segmentation
HVAC Control Systems Market: Product Movement Analysis, 2021 2030
- Sensors
- Controllers
- Controlled Devices
U.S. HVAC Control Systems Market: End Use Movement Analysis, 2021 2030
- Temperature Humidity Control
- Ventilation Control System
- Integrated Control System
U.S. HVAC Control Systems Market: End Use Movement Analysis, 2021 2030
- Residential
- Commercial
- Industrial
Heating Equipment : Product Movement Analysis, 2021 2030
- Heat Pumps
- Furnaces
- Boilers
- Unitary Heaters
- Others
Heating Equipment Market: End Use Movement Analysis, 2021 2030
- Residential
- Commercial
- Industrial Others
Heat Pump Market: Product Movement Analysis, 2021 2030
- Air Source
- Water Source
- Ground Source
Heat Pump Market: End Use Movement Analysis, 2021 2030
- Commercial
- Residential
Chillers Market: Product Movement Analysis, 2021 2030
- Water-Cooled
- 50kW
- 51-100kW
- 101-200kW
- 201-300kW
- 301kW
- Air-Cooled
- 50kW
- 51-100kW
- 101-200kW
- 201-300kW
- 301kW Cooling
Chillers Market: Compressor Type Movement Analysis, 2021 2030
- Screw Chillers
- Centrifugal Chillers
- Absorption Chillers
- Scroll Chillers
- Reciprocating Chillers
Chillers Market: Compressor Type Movement Analysis, 2021 2030
- Commercial
- Corporate Offices
- Data Centers
- Public Buildings
- Mercantile Service
- Healthcare
- Others
- Residential
- Industrial
- Chemical
- Food Beverage
- Metal Manufacturing Machining
- Medical Pharmaceutical
- Plastics
- Others
Cooling Tower Market: Product Movement Analysis, 2021 2030
- Open-circuit
- Closed-circuit
- Hybrid
Cooling Tower Market: Material Movement Analysis, 2021 2030
- Fiber Reinforced Plastic (FRP)
- Steel
- Concrete
- Wood
- High-Density Polyethylene (HDPE)
Cooling Tower Market: End-Use Movement Analysis, 2021 2030
- HVAC
- Power Generation
- Oil Gas
- Industrial
Dehumidifier Market: Technology Movement Analysis, 2021 2030
- Refrigerative Dehumidifier
- Desiccant Dehumidifier
- Electronic/Heat Pump Dehumidifier
Dehumidifier Market: Product Movement Analysis, 2021 2030
- Portable Dehumidifier
- Fixed Dehumidifier
Dehumidifier Market: Application Movement Analysis, 2021 2030
- Residential
- Commercial
- Fitness Centers Swimming Pool
- HoReCa
- Other
- Industrial
- Warehouse Storage
- Manufacturing
- Other
Air Purifier: Estimates Trend Analysis
- Air Purifier Market: Technology Movement Analysis, 2021 2030
- High Efficiency Particulate Air (HEPA)
- Activated Carbon
- Ionic Filters
- Others
- Air Purifier Market: Application Movement Analysis, 2021 2030
- Commercial
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools Educational Institutions
- Laboratories
- Transport
- Others
Order your copy of the Free Sample of “HVAC Systems Industry Data Book - U.S. HVAC Systems, U.S. HVAC Controls Systems, Heating Equipment, Heat Pump, Chillers, Cooling Towers, Dehumidifier, Air Purifiers Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
HVAC Systems Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Central South America
- Brazil
- Argentina
- Middle East Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
HVAC Systems Industry Data Book Competitive Landscape
The HVAC systems market is characterized by intense competition owing to the presence of international players.
Key players operating in the HVAC systems industry are –
- Carrier
- Daikin Industries, Ltd.
- Emerson Electric Co
- Haier Group
- Johnson Controls
- LG Electronics
- Lennox International
- Mitsubishi Electric Corporation
- Rheem Manufacturing Company
- Trane Technologies plc.
Go through the table of content of HVAC Systems Industry Data Book to get a better understanding of the Coverage Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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