세계의 HVAC 장비 시장 규모는 2022년에 1,383억 2,000만 달러로 평가되었고, 2023년 1,471억 7,000만 달러에서 2031년에는 2,417억 5,000만 달러로 성장할 전망이며, 예측 기간(2024-2031년) CAGR은 6.40%로 성장할 전망입니다.
세계의 HVAC 장비 시장은 다양한 산업 및 거주 공간의 난방, 환기 및 에어컨 요구 사항을 충족하는 중요하고 확장되는 분야입니다. 특히 신흥경제권에 있어서의 건설활동의 활성화가 신축주택이나 상업빌딩에 있어서의 HVAC 시스템 수요를 견인하고 있습니다. 에너지 효율에 대한 의식이 높아지고 이산화탄소 배출량 감축의 추진으로 에너지 효율적인 HVAC 솔루션의 채용이 가속화되고 있습니다. 도시화, 기후조건의 변화, 생활수준의 향상은 시장의 성장에 더욱 기여하고 있습니다. 그러나 몇 가지 과제가 시장 확대에 영향을 미칠 수 있습니다. 특히 고급 시스템의 경우 설치 비용과 유지 보수 비용이 높으면 일부 구매 의욕을 깎을 수 있습니다. 또한 복잡한 규제 환경 및 지역에 따라 다른 에너지 효율 기준도 제조업체와 소비자에게 장애가 됩니다. 게다가 COVID-19의 대유행은 공급망 문제와 건설 지연으로 인해 시장을 일시적으로 혼란시켰습니다. HVAC 시장의 현재 동향에는 자동화, 에너지 관리 및 원격 모니터링을 강화하는 스마트 기술과 사물 인터넷(IoT)의 통합이 포함됩니다. 또한 HVAC 시스템이 환경에 미치는 영향을 줄이기 위해 지속 가능한 냉매 및 친환경 솔루션을 사용하는 방향으로 이동하고 있습니다. 실내 공기의 질에 대한 우려로 호흡기의 건강과 알레르기에 대처하기 위한 고급 여과 시스템과 공기 청정기에 대한 관심이 높아지고 있습니다. 이러한 과제에도 불구하고 시장에는 큰 기회가 있습니다. 기존의 HVAC 시스템을 에너지 효율적인 스마트 기술로 리노베이션하는 수요 증가는 주목할 만한 시장 잠재력을 보여줍니다. 개발도상국의 건설 업계의 급성장과 환경친화적인 건물과 지속가능한 인프라에 대한 관심 증가는 혁신적이고 환경친화적인 HVAC 솔루션의 필요성을 더욱 높여주고 있습니다.
Global HVAC Equipment Market size was valued at USD 138.32 billion in 2022 and is poised to grow from USD 147.17 billion in 2023 to USD 241.75 billion by 2031, growing at a CAGR of 6.40% during the forecast period (2024-2031).
The global HVAC equipment market is a vital and expanding sector that addresses the heating, ventilation, and air conditioning requirements of various industries and residential spaces. Growing construction activities, especially in emerging economies, are driving the demand for HVAC systems in new residential and commercial buildings. Increased awareness of energy efficiency and the push to lower carbon emissions are accelerating the adoption of energy-efficient HVAC solutions. Urbanization, changing climate conditions, and improved living standards further contribute to the market's growth. However, several challenges can impact market expansion. High installation and maintenance costs, particularly for advanced systems, may deter some buyers. The complex regulatory environment and differing energy efficiency standards across regions also present obstacles for manufacturers and consumers. Additionally, the COVID-19 pandemic has temporarily disrupted the market due to supply chain issues and construction delays. Current trends in the HVAC market include the integration of smart technologies and the Internet of Things (IoT), which enhance automation, energy management, and remote monitoring. There is also a shift towards using sustainable refrigerants and eco-friendly solutions to reduce the environmental impact of HVAC systems. Concerns about indoor air quality have led to increased focus on advanced filtration systems and air purifiers to address respiratory health and allergies. Despite these challenges, the market offers significant opportunities. The growing demand for retrofitting existing HVAC systems with energy-efficient and smart technologies presents a notable market potential. The rapid growth of the construction industry in developing nations, along with rising interest in green buildings and sustainable infrastructure, further drives the need for innovative and eco-friendly HVAC solutions.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global HVAC Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global HVAC Equipment Market Segmental Analysis
Global HVAC equipment market is segmented by cooling equipment self-regulating, heating equipment, ventilation equipment, implementation type, service type, application and region. Based on cooling equipment self-regulating, the market is segmented into Unitary Air Conditioners [Low Costs and Simple Installation (Split Air Conditioners, Packaged Air conditioners)], VRF Systems, Chillers [Scroll chillers, Screw chillers, Centrifugal chillers, Reciprocating chillers, Absorption chillers], Room Air Conditioners, Coolers [Ducted coolers, Window coolers], Cooling Towers [Evaporative cooling towers, Dry cooling towers, Hybrid cooling towers]. Based on heating equipment, the market is segmented into Heat Pumps [Air-to-air heat pumps, Air-to-water heat pumps, Water-to-water heat pumps], Furnaces [Oil furnaces, Gas furnaces, Electric furnaces], Boilers [Steam boilers, Hot water boilers], Unitary Heaters [Gas unit heaters, Oil-fired unit heaters, Electric unit heaters]. Based on ventilation equipment, the market is segmented into Air-handling Units, Air Filters, Dehumidifiers [Crossflow fans, Axial fans, Centrifugal fans, Domestic fans, Range hood fans, Power roof fans], Ventilation Fans, Humidifiers [Warm-mist humidifiers, Ultrasonic humidifiers, Cool-mist humidifiers], Air Purifiers [HEPA air purifiers, Activated carbon air purifiers, Electrostatic air purifiers, Ionic air purifiers]. Based on implementation type, the market is segmented into new construction buildings and retrofit buildings. Based on service type, the market is segmented into installation services, maintenance & repair services, upgradation/replacement services and consulting services. Based on application, the market is segmented into Commercial [Offices, Governments, Healthcare, Education, Retail, Airports], Residential, and Industrial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Global HVAC Equipment Market
The growing emphasis on energy efficiency is boosting the demand for HVAC equipment designed to minimize energy use while delivering optimal comfort. Energy-efficient systems not only cut operational costs but also lessen environmental impact. For instance, inverter-based air conditioning systems, which adjust the compressor speed according to cooling needs, greatly enhance energy efficiency and lower electricity consumption.
Restraints in the Global HVAC Equipment Market
The HVAC equipment market is heavily influenced by strict environmental regulations designed to cut greenhouse gas emissions and encourage the use of eco-friendly refrigerants. Adhering to these regulations can pose challenges for manufacturers, often necessitating substantial investments in research and development to create and bring compliant products to market. For example, the phase-out of ozone-depleting refrigerants like hydrochlorofluorocarbons (HCFCs) has prompted the shift towards more sustainable alternatives such as hydrofluorocarbons (HFCs) or natural refrigerants.
Market Trends of the Global HVAC Equipment Market
The incorporation of smart technologies and the Internet of Things (IoT) is transforming the HVAC industry. Modern HVAC systems now offer remote control and monitoring capabilities, which enhance energy optimization, enable predictive maintenance, and provide customized comfort settings. For instance, smart thermostats allow users to adjust temperature settings via mobile apps and adapt to their preferences over time, ensuring more efficient energy use and personalized comfort. This advancement reflects a broader trend towards increased automation and smarter management in HVAC systems.