Product Code: MRFR/IA - E/6497-CR
Global Commercial HVAC Market Research Report Information by Equipment (Cooling Equipment, Heating Equipment, Ventilation Equipment) by sales channel (OEM, Aftermaths), by components ( sensors, compressors, control systems, expansion valves, evaporator coils, ventilation fan and blower units, filters, dampers, tubing/piping systems, and others), by Application (office, school & colleges, restaurants, hotels, shops, apartment, hospitals & clinics, sport centers, data center/ server hub, warehouses, factories),- Forecast Till 2030
Market Overview
The Commercial HVAC Market is expected to develop at a compound annual growth rate (CAGR) of 7.4% over the projected period. The commercial HVAC (Heating, Ventilation, and Air Conditioning) market is projected to be influenced by governments around the world. Governments are increasingly recognizing the value of environmental sustainability and energy efficiency in commercial buildings.
The commercial HVAC business has expanded significantly on a global basis in recent years. The development of intelligent HVAC systems is a key area of technical innovation. These systems can regulate the temperature, monitor, humidity, and air quality in real time, increasing efficiency and lowering costs. Furthermore, remote control of these intelligent HAVCs is feasible via smartphones or other digital devices, providing a high level of flexibility and convenience. Furthermore, the market is being fueled by rising demand for technologically sophisticated heating, ventilation, and cooling systems. As environmental consciousness grows, so does the desire for green-labelled products, leading to the creation of thermally driven air conditioners. Furthermore, Daikin Industries Ltd. is doing research and development to produce sophisticated HVAC systems that use solar energy and natural gas, resulting in increased energy efficiency. Furthermore, the HVAC sector and IoT collaborate to enable remote machine control, which improves the customer-driven service program. HVAC technicians can track activity within a facility by adding motion sensors into these smart devices.
Market Segment insights
The Commercial HVAC Market is made up of three types of equipment: cooling, heating, and ventilation.
Sensors, compressors, control systems, expansion valves, evaporator coils, ventilation fan and blower units, filters, dampers, tubing/piping systems, and others make up the market, which is divided into components.
The Commercial HVAC Market is segmented into OEM and Aftermarket groups depending on sales channels.
Office, School & Colleges, Restaurants, Hotels, Shops, Apartment, Hospitals & Clinics, Sport Centers, Data Center/Server Hub, Warehouses, and Factories are the market's application-based segments.
Regional Perspectives
In 2022, the Asia-Pacific Commercial HVAC Market had the greatest market share and is expected to grow at a significant CAGR throughout the research period. The commercial HVAC market in APAC is rapidly expanding and developing, with important countries such as China, Japan, South Korea, India, and the rest of the region actively contributing to this change. Governments and businesses around APAC recognise the importance of sophisticated HVAC systems in enhancing commercial buildings' energy efficiency, environmental sustainability, and indoor comfort.
North America, which encompasses the United States, Canada, and Mexico, is known for its thriving commercial HVAC industry. Because of its emphasis on sustainable construction standards and technical innovation, the region's use of advanced commercial HVAC systems is rapidly increasing. Government and corporate sector expenditures aim to improve indoor air quality and energy efficiency in commercial areas, driving significant demand for these systems.
Major Players
The market's major players include Panasonic, Mitsubishi Corporation, Samsung Electronics Co. Ltd., Daikin Industries Ltd., Haier Electronics Group Co. Ltd., Ingersoll Rand, Johnson Controls, AAON, Rheem Manufacturing Company, Lennox International Inc, Trane, GREE, Carrier, LG Electronics, and Midea Group.
TABLE OF CONTENTS
1. EXECUTIVE'S HANDBOOK
- 1.1. THE TOP PERFORMING SEGMENTS
- 1.2. KEY TRENDS SUMMARIZED
- 1.3. PRICING OUTLOOK
- 1.4. STRATEGIC INSIGHTS
- 1.5. WHO ARE THE KEY PLAYERS IN THE MARKET?
2. MARKET INTRODUCTION
- 2.1. DEFINITION
- 2.2. REPORT SEGMENTATION & SCOPE
- 2.3. REGIONAL & COUNTRY LEVEL COVERAGE
- 2.4. WHY YOU NEED THIS REPORT?
3. RESEARCH METHODOLOGY
- 3.1. RESEARCH PROCESS
- 3.2. SECONDARY RESEARCH
- 3.2.1. DATA MINING & CONDENSATION
- 3.2.2. SOURCES (ASSOCIATIONS, ORGANIZATIONS, MAGAZINES, PAID DATABASES)
- 3.3. PRIMARY RESEARCH
- 3.3.1. SAMPLE SIZE (DEMAND-SUPPLY, COMPANY TYPE, DESIGNATIONS, REGION)
- 3.3.2. SOURCES
- 3.4. FACTORIAL ANALYSIS & APPROACH SETTING
- 3.5. ESTIMATION & FORECAST MODELS
- 3.6. PRICING BASKETS
- 3.7. ANALYST HOURS & TEAM
4. MARKET DYNAMICS
- 4.1. INTRODUCTION
- 4.2. GROWTH PARAMETERS MAPPED - DRIVERS
- 4.2.1. DRIVERS
- 4.2.2. DRIVERS
- 4.3. WHAT ARE THE CHALLENGES FACED BY INDUSTRY PARTICIPANTS?
- 4.4. OPPORTUNITIES
- 4.4.1. OPPORTUNITY
- 4.4.2. OPPORTUNITY
- 4.5. IMPACT ANALYSIS OF COVID-19
- 4.5.1. IMPACT ON OVERALL INDUSTRY
- 4.5.2. IMPACT ON GLOBAL COMMERCIAL HVAC MARKET
- 4.5.3. IMPACT ON SUPPLY CHAIN OF COMMERCIAL HVAC
- 4.5.3.1. PRICE VARIATION OF KEY RAW MATERIALS
- 4.5.3.2. PRODUCTION SHUTDOWN
- 4.5.3.3. CASH FLOW CONSTRAINTS
- 4.5.3.4. IMPACT ON IMPORT/EXPORT
- 4.5.4. IMPACT ON MARKET DEMAND OF COMMERCIAL HVAC
- 4.5.4.1. IMPACT DUE TO RESTRICTIONS/LOCKDOWN
- 4.5.4.2. CONSUMER SENTIMENTS
- 4.5.5. IMPACT ON PRICING OF COMMERCIAL HVAC
5. MARKET FACTOR ANALYSIS
- 5.1. SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1. PARTICIPANTS
- 5.1.2. VALUE PERCOLATION ACROSS THE CHAIN
- 5.1.3. INTEGRATION LEVELS
- 5.1.4. KEY ISSUES ADDRESSED
- 5.2. PORTER'S FIVE FORCES MODEL
- 5.2.1. BARGAINING POWER OF SUPPLIERS
- 5.2.2. BARGAINING POWER OF BUYERS
- 5.2.3. THREAT OF NEW ENTRANTS
- 5.2.4. THREAT OF SUBSTITUTES
- 5.2.5. INTENSITY OF RIVALRY
6. GLOBAL COMMERCIAL HVAC MARKET, BY EQUIPMENT (VALUE)
- 6.1. INTRODUCTION
- 6.2. COOLING EQUIPMENT
- 6.3. HEATING EQUIPMENT
- 6.4. VENTILATION EQUIPMENT
7. GLOBAL COMMERCIAL HVAC MARKET, BY COMPONENT (VALUE)
- 7.1. INTRODUCTION
- 7.2. SENSOR
- 7.3. COMPRESSOR
- 7.4. CONTROL SYSTEMS
- 7.5. EXPANSION VALVE
- 7.6. EVAPORATOR COILS
- 7.7. VENTILATION FAN AND BLOWER UNIT
- 7.8. FILTERS, DAMPERS
- 7.9. TUBING/PIPING SYSTEMS
- 7.10. OTHERS
8. GLOBAL COMMERCIAL HVAC MARKET, BY SALES CHANNEL (VALUE)
- 8.1. INTRODUCTION
- 8.2. OEM
- 8.3. AFTERMARKET
9. GLOBAL COMMERCIAL HVAC MARKET, BY APPLICATION (VALUE)
- 9.1. INTRODUCTION
- 9.2. OFFICE
- 9.3. SCHOOL & COLLEGES
- 9.4. RESTAURANTS
- 9.5. HOTELS
- 9.6. SHOPS
- 9.7. APARTMENT
- 9.8. HOSPITALS & CLINICS
- 9.9. SPORT CENTERS
- 9.10. DATA CENTER/ SERVER HUB
- 9.11. WAREHOUSES
- 9.12. FACTORIES
10. GLOBAL COMMERCIAL HVAC MARKET, BY REGION (VALUE)
- 10.1. INTRODUCTION
- 10.2. NORTH AMERICA
- 10.2.1. US
- 10.2.2. CANADA
- 10.2.3. MEXICO
- 10.3. EUROPE
- 10.3.1. GERMANY
- 10.3.2. FRANCE
- 10.3.3. UK
- 10.3.4. SPAIN
- 10.3.5. REST OF EUROPE
- 10.4. ASIA-PACIFIC
- 10.4.1. CHINA
- 10.4.2. INDIA
- 10.4.3. JAPAN
- 10.4.4. SOUTH KOREA
- 10.4.5. REST OF ASIA-PACIFIC
- 10.5. MIDDLE EAST & AFRICA
- 10.5.1. SAUDI ARABIA
- 10.5.2. UAE
- 10.5.3. SOUTH AFRICA
- 10.5.4. REST OF MIDDLE EAST & AFRICA
- 10.6. SOUTH AMERICA
- 10.6.1. ARGENTINA
- 10.6.2. BRAZIL
- 10.6.3. REST OF SOUTH AMERICA
11. COMPETITIVE LANDSCAPE
- 11.1. INTRODUCTION
- 11.2. COMPETITION DASHBOARD
- 11.3. COMPANY MARKET SHARE ANALYSIS,
- 11.4. WHO ARE THE MARKET DISRUPTORS & INNOVATORS?
- 11.5. WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS?
- 11.6. COMPETITIVE BENCHMARKING
- 11.7. THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN THE GLOBAL COMMERCIAL HVAC MARKET
- 11.8. LIST OF KEY PLAYERS, BY REGION
- 11.9. PUBLIC PLAYERS STOCK SUMMARY
- 11.10. COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
- 11.11. KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.11.1. NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
- 11.11.2. MERGER & ACQUISITION
- 11.11.3. JOINT VENTURES
12. COMPANY PROFILES
- 12.1. PANASONIC CORPORATION
- 12.1.1. COMPANY OVERVIEW
- 12.1.2. FINANCIAL OVERVIEW
- 12.1.3. PRODUCT OFFERED
- 12.1.4. KEY DEVELOPMENTS
- 12.1.5. SWOT ANALYSIS
- 12.1.6. KEY STRATEGIES
- 12.2. DAIKIN INDUSTRIES LTD
- 12.2.1. COMPANY OVERVIEW
- 12.2.2. FINANCIAL OVERVIEW
- 12.2.3. PRODUCT OFFERED
- 12.2.4. KEY DEVELOPMENTS
- 12.2.5. SWOT ANALYSIS
- 12.2.6. KEY STRATEGIES
- 12.3. SAMSUNG ELECTRONICS CO. LTD
- 12.3.1. COMPANY OVERVIEW
- 12.3.2. FINANCIAL OVERVIEW
- 12.3.3. PRODUCT OFFERED
- 12.3.4. KEY DEVELOPMENTS
- 12.3.5. SWOT ANALYSIS
- 12.3.6. KEY STRATEGIES
- 12.4. MITSUBISHI ELECTRIC CORPORATION
- 12.4.1. COMPANY OVERVIEW
- 12.4.2. FINANCIAL OVERVIEW
- 12.4.3. PRODUCT OFFERED
- 12.4.4. KEY DEVELOPMENTS
- 12.4.5. SWOT ANALYSIS
- 12.4.6. KEY STRATEGIES
- 12.5. HAIER ELECTRONICS GROUP CO. LTD
- 12.5.1. COMPANY OVERVIEW
- 12.5.2. FINANCIAL OVERVIEW
- 12.5.3. PRODUCT OFFERED
- 12.5.4. KEY DEVELOPMENTS
- 12.5.5. SWOT ANALYSIS
- 12.5.6. KEY STRATEGIES
- 12.6. INGERSOLL RAND
- 12.6.1. COMPANY OVERVIEW
- 12.6.2. FINANCIAL OVERVIEW
- 12.6.3. PRODUCT OFFERED
- 12.6.4. KEY DEVELOPMENTS
- 12.6.5. SWOT ANALYSIS
- 12.6.6. KEY STRATEGIES
- 12.7. JOHNSON CONTROLS INTERNATIONAL PLC
- 12.7.1. COMPANY OVERVIEW
- 12.7.2. FINANCIAL OVERVIEW
- 12.7.3. PRODUCT OFFERED
- 12.7.4. KEY DEVELOPMENTS
- 12.7.5. SWOT ANALYSIS
- 12.7.6. KEY STRATEGIES
- 12.8. AAON
- 12.8.1. COMPANY OVERVIEW
- 12.8.2. FINANCIAL OVERVIEW
- 12.8.3. PRODUCT OFFERED
- 12.8.4. KEY DEVELOPMENTS
- 12.8.5. SWOT ANALYSIS
- 12.8.6. KEY STRATEGIES
- 12.9. LENNOX INTERNATIONAL INC.
- 12.9.1. COMPANY OVERVIEW
- 12.9.2. FINANCIAL OVERVIEW
- 12.9.3. PRODUCT OFFERED
- 12.9.4. KEY DEVELOPMENTS
- 12.9.5. SWOT ANALYSIS
- 12.9.6. KEY STRATEGIES
- 12.10. RHEEM MANUFACTURING COMPANY
- 12.10.1. COMPANY OVERVIEW
- 12.10.2. FINANCIAL OVERVIEW
- 12.10.3. PRODUCT OFFERED
- 12.10.4. KEY DEVELOPMENTS
- 12.10.5. SWOT ANALYSIS
- 12.10.6. KEY STRATEGIES
- 12.11. TRANE
- 12.11.1. COMPANY OVERVIEW
- 12.11.2. FINANCIAL OVERVIEW
- 12.11.3. PRODUCT OFFERED
- 12.11.4. KEY DEVELOPMENTS
- 12.11.5. SWOT ANALYSIS
- 12.11.6. KEY STRATEGIES
- 12.12. GREE CORPORATION
- 12.12.1. COMPANY OVERVIEW
- 12.12.2. FINANCIAL OVERVIEW
- 12.12.3. PRODUCT OFFERED
- 12.12.4. KEY DEVELOPMENTS
- 12.12.5. SWOT ANALYSIS
- 12.12.6. KEY STRATEGIES
- 12.13. MIDEA GROUP
- 12.13.1. COMPANY OVERVIEW
- 12.13.2. FINANCIAL OVERVIEW
- 12.13.3. PRODUCT OFFERED
- 12.13.4. KEY DEVELOPMENTS
- 12.13.5. SWOT ANALYSIS
- 12.13.6. KEY STRATEGIES
- 12.14. LG ELECTRONICS
- 12.14.1. COMPANY OVERVIEW
- 12.14.2. FINANCIAL OVERVIEW
- 12.14.3. PRODUCT OFFERED
- 12.14.4. KEY DEVELOPMENTS
- 12.14.5. SWOT ANALYSIS
- 12.14.6. KEY STRATEGIES
- 12.15. CARRIER CORPORATION
- 12.15.1. COMPANY OVERVIEW
- 12.15.2. FINANCIAL OVERVIEW
- 12.15.3. PRODUCT OFFERED
- 12.15.4. KEY DEVELOPMENTS
- 12.15.5. SWOT ANALYSIS
- 12.15.6. KEY STRATEGIES
13. RECOMMENDATIONS & EXPERT INSIGHTS
- 13.1. WHAT IS THE SHORT-TERM VS LONG-TERM OUTLOOK FOR THE MARKET?
- 13.2. WHO ARE THE PLAYERS TO LOOK OUT FOR?
- 13.3. WHAT WILL THE PRODUCT MIX LOOK IN COMING YEARS?
14. MRFR OFFERINGS & TEAM
- 14.1. CITATIONS & MEDIA
- 14.2. OUR REGIONAL REPRESENTATIVES
- 14.3. RELATED REPORTS
- 14.4. OUR DOMAIN COVERAGE