Table of Content

1. Executive Summary


2. Introduction

2.1 Heating, Ventilation and Air Conditioning (HVAC): An Overview
2.1.1 Types of HVAC Appliances
2.1.2 Components of HVAC

2.2 HVAC Segmentation: An Overview
2.2.1 Heating, Ventilation and Air Conditioning (HVAC) Segmentation


3. Global Market Analysis

3.1 Global Heating, Ventilation and Air Conditioning (HVAC) Market: An Analysis

3.1.1 Global HVAC Market: An Overview
3.1.2 Global HVAC Market by Value
3.1.3 Global HVAC Market by Type (Equipment and Aftermarket & Services)
3.1.4 Global HVAC Market by Region (Asia Pacific, North America, Europe, and rest of the World (ROW))

3.2 Global HVAC Market: Type Analysis

3.2.1 Global HVAC Market by Type: An Overview
3.2.2 Global HVAC Equipment Market by Value
3.2.3 Global HVAC Equipment Market by End User (Commercial and Residential)
3.2.4 Global HVAC Aftermarket & Services Market by Value

3.3 Global HVAC Equipment Market: End User Analysis

3.3.1 Global HVAC Equipment Market by End User: An Overview
3.3.2 Global Commercial HVAC Equipment Market by Value
3.3.3 Global Commercial HVAC Equipment Market by Product Type (Ductless, Applied and Ducted/Unitary)
3.3.4 Global Commercial HVAC Equipment Market by Product Type: An Overview
3.3.5 Global Commercial Ductless HVAC Equipment Market by Value
3.3.6 Global Commercial Applied HVAC Equipment Market by Value
3.3.7 Global Commercial Ducted/Unitary HVAC Equipment Market by Value
3.3.8 Global Residential HVAC Equipment Market by Value
3.3.9 Global Residential HVAC Equipment Market by Product Type (Ductless/Window and Ducted/Unitary)
3.3.10 Global Residential HVAC Equipment Market by Product Type: An Overview
3.3.11 Global Residential Ductless/Window HVAC Equipment Market by Value
3.3.12 Global Residential Ducted/Unitary HVAC Equipment Market by Value


4. Regional Market Analysis

4.1 Asia Pacific HVAC Market: An Analysis

4.1.1 Asia Pacific HVAC Market: An Overview
4.1.2 Asia Pacific HVAC Market by Value
4.1.3 Asia Pacific HVAC Market by Region (China, Japan, India, and Rest of the Asia Pacific)
4.1.4 China HVAC Market by Value
4.1.5 Japan HVAC Market by Value
4.1.6 India HVAC Market by Value
4.1.7 Rest of Asia Pacific HVAC Market by Value

4.2 North America HVAC Market: An Analysis

4.2.1 North America HVAC Market: An Overview
4.2.2 North America HVAC Market by Value
4.2.3 North America HVAC Market by Type (Equipment and Aftermarket & Services)
4.2.4 North America HVAC Market by Type: An Overview
4.2.5 North America HVAC Equipment Market by Value
4.2.6 North America HVAC Equipment Market by End User (Commercial and Residential)
4.2.7 North America Residential HVAC Equipment Market by Value
4.2.8 North America Commercial HVAC Equipment Market by Value
4.2.9 North America HVAC Aftermarket & Services Market by Value
4.2.10 North America HVAC Market by Region (The US, Canada, and Mexico)
4.2.11 The US HVAC Market by Value
4.2.12 The US HVAC Market by Type (Equipment and Aftermarket & Services)
4.2.13 The US HVAC Equipment Market by Value
4.2.14 The US HVAC Equipment Market by End User (Commercial and Residential)
4.2.15 The US Residential HVAC Equipment Market by Value
4.2.16 The US Commercial HVAC Equipment Market by Value
4.2.17 The US HVAC Aftermarket & Services Market by Value
4.2.18 Canada HVAC Market by Value
4.2.19 Mexico HVAC Market by Value

4.3 Europe HVAC Market: An Analysis

4.3.1 Europe HVAC Market: An Overview
4.3.2 Europe HVAC Market by Value
4.3.3 Europe HVAC Market by Region (Germany, UK, and Rest of the Europe)
4.3.4 Germany HVAC Market by Value
4.3.5 The UK HVAC Market by Value
4.3.6 Rest of Europe HVAC Market by Value

4.4 Rest of World HVAC Market: An Analysis

4.4.1 Rest of World HVAC Market: An Overview
4.4.2 Rest of World HVAC Market by Value


5. Impact of Covid-19

5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on HVAC Market
5.1.2 Impact on AC Industry
5.1.3 Impact on Heating Industry


6. Market Dynamics

6.1 Growth Drivers
6.1.1 Growing Global Population
6.1.2 Increasing Construction Activities
6.1.3 Growing Smart Thermostat Market
6.1.4 Intensifying Annual Mean Temperature
6.1.5 Escalating E-Commerce Retail Sales
6.1.6 Adoption of Sustainable Building Designs

6.2 Challenges
6.2.1 Increasing Raw Materials Prices
6.2.2 Growing Government Regulations
6.2.3 Data Infrastructure System Security
6.2.4 Retail Consolidations

6.3 Market Trends
6.3.1 Emerging Home Automation Market
6.3.2 Surging Demand for Invertor Air Conditioner (AC)
6.3.3 Technological Advancements


7. Competitive Landscape

7.1 Global HVAC Equipment Players by Market Share
7.2 Global Residential Unitary HVAC Equipment Players by Market Share
7.3 Global Commercial Unitary HVAC Equipment Players by Market Share
7.4 Global Commercial Applied HVAC Equipment Players by Market Share
7.5 Global HVAC Aftermarket & Services Players by Market Share
7.6 North America HVAC Equipment Players by Market Share


8. Company Profiles

8.1 Honeywell International Inc.
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy

8.2 Johnson Controls International PLC
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy

8.3 Mitsubishi Electric Corporation
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy

8.4 Schneider Electric SE
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy

8.5 Emerson Electric Co.
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy

8.6 Daikin Industries, Ltd.
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy

8.7 Lennox International Inc.
8.7.1 Business Overview
8.7.2 Operating Segments

8.8 Trane Technologies Plc
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy

8.9 Raytheon Technologies Corporation
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy

8.10 Samsung Electronics Co., Ltd.
8.10.1 Business Overview
8.10.2 Operating Segments
8.10.3 Business Strategy

8.11 Nortek Inc.
8.11.1 Business Overview
8.11.2 Business Strategy

8.12 Danfoss AS
8.12.1 Business Overview
8.12.2 Business Strategy

8.13 Jackson Systems
8.13.1 Business Overview

List of Figures

Figure 1: Types of HVAC Appliances
Figure 2: Components of HVAC
Figure 3: Heating, Ventilation and Air Conditioning (HVAC) Segmentation
Figure 4: Global HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 5: Global HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 6: Global HVAC Market by Type; 2021 (Percentage, %)
Figure 7: Global HVAC Market by Region; 2021 (Percentage, %)
Figure 8: Global HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 9: Global HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 10: Global HVAC Equipment Market by End User; 2021 (Percentage, %)
Figure 11: Global HVAC Aftermarket & Services Market by Value; 2017-2021 (US$ Billion)
Figure 12: Global HVAC Aftermarket & Services Market by Value; 2022-2027 (US$ Billion)
Figure 13: Global Commercial HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 14: Global Commercial HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 15: Global Commercial HVAC Equipment Market by Product Type; 2021 (Percentage, %)
Figure 16: Global Commercial Ductless HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 17: Global Commercial Ductless HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 18: Global Commercial Applied HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 19: Global Commercial Applied HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 20: Global Commercial Ducted/Unitary HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 21: Global Commercial Ducted/Unitary HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 22: Global Residential HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 23: Global Residential HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 24: Global Residential HVAC Equipment Market by Product Type; 2021 (Percentage, %)
Figure 25: Global Residential Ductless/Window HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 26: Global Residential Ductless/Window HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 27: Global Residential Ducted/Unitary HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 28: Global Residential Ducted/Unitary HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 29: Asia Pacific HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 30: Asia Pacific HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 31: Asia Pacific HVAC Market by Region; 2021 (Percentage, %)
Figure 32: China HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 33: China HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 34: Japan HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 35: Japan HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 36: India HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 37: India HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 38: Rest of Asia Pacific HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 39: Rest of Asia Pacific HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 40: North America HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 41: North America HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 42: North America HVAC Market by Type; 2021 (Percentage, %)
Figure 43: North America HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 44: North America HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 45: North America HVAC Equipment Market by End User; 2021 (Percentage, %)
Figure 46: North America Residential HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 47: North America Residential HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 48: North America Commercial HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 49: North America Commercial HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 50: North America HVAC Aftermarket & Services Market by Value; 2017-2021 (US$ Billion)
Figure 51: North America HVAC Aftermarket & Services Market by Value; 2022-2027 (US$ Billion)
Figure 52: North America HVAC Market by Region; 2021 (Percentage, %)
Figure 53: The US HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 54: The US HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 55: The US HVAC Market by Type; 2021 (Percentage, %)
Figure 56: The US HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 57: The US HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 58: The US HVAC Equipment Market by End User; 2021 (Percentage, %)
Figure 59: The US Residential HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 60: The US Residential HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 61: The US Commercial HVAC Equipment Market by Value; 2017-2021 (US$ Billion)
Figure 62: The US Commercial HVAC Equipment Market by Value; 2022-2027 (US$ Billion)
Figure 63: The US HVAC Aftermarket & Services Market by Value; 2017-2021 (US$ Billion)
Figure 64: The US HVAC Aftermarket & Services Market by Value; 2022-2027 (US$ Billion)
Figure 65: Canada HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 66: Canada HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 67: Mexico HVAC Market by Value; 2017-2021 (US$ Million)
Figure 68: Mexico HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 69: Europe HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 70: Europe HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 71: Europe HVAC Market by Region; 2021 (Percentage, %)
Figure 72: Germany HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 73: Germany HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 74: The UK HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 75: The UK HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 76: Rest of Europe HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 77: Rest of Europe HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 78: Rest of World HVAC Market by Value; 2017-2021 (US$ Billion)
Figure 79: Rest of World HVAC Market by Value; 2022-2027 (US$ Billion)
Figure 80: Global AC Market Growth Rate, 2019 & 2020 (Percentage, %)
Figure 81: Global Population; 2016-2021 (Billion)
Figure 82: Global Construction Expenditure; 2016-2020 (US$ Trillion)
Figure 83: Global Smart Thermostat Market by Volume; 2016-2020 (Million)
Figure 84: Global E-Commerce Retail Sales; 2019-2025 (US$ Trillion)
Figure 85: Global Average Copper Prices; 2017-2021 (US$ per Metric Ton)
Figure 86: Global Average Iron Ore Prices; 2017-2021 (US$ per Dry Metric Ton)
Figure 87: Global Smart Home Market; 2019-2025 (US$ Billion)
Figure 88: China Air Conditioner (AC) Market; 2016-2020 (Percentage, %)
Figure 89: Global HVAC Equipment Players by Market Share; 2021 (Percentage, %)
Figure 90: Global Residential Unitary HVAC Equipment Players by Market Share; 2021 (Percentage, %)
Figure 91: Global Commercial Unitary HVAC Equipment Players by Market Share; 2021 (Percentage, %)
Figure 92: Global Commercial Applied HVAC Equipment Players by Market Share; 2021 (Percentage, %)
Figure 93: Global HVAC Aftermarket & Services Players by Market Share; 2021 (Percentage, %)
Figure 94: North America HVAC Equipment Players by Market Share; 2021 (Percentage, %)
Figure 95: Honeywell International Inc. Net Sales by Segment; 2021 (Percentage, %)
Figure 96: Johnson Controls International PLC Net Sales by Segment; 2021 (Percentage, %)
Figure 97: Mitsubishi Electric Corporation Revenue by Business Segments; 2021 (Percentage, %)
Figure 98: Schneider Electric SE Revenue by Segment; 2021 (Percentage, %)
Figure 99: Emerson Electric Co. Net Sales by Segment; 2021 (Percentage, %)
Figure 100: Daikin Industries Net Sales by Segment; 2021 (Percentage, %)
Figure 101: Lennox International Net Sales by Segments; 2021 (Percentage, %)
Figure 102: Trane Technologies Net Revenues by Segments; 2021 (Percentage, %)
Figure 103: Raytheon Technologies Corporation Net Sales by Segments; 2021 (Percentage, %)
Figure 104: Samsung Electronics Co., Ltd. Net Revenue by Segments; 2021 (Percentage, %)
Table 1: Global Annual Mean Temperatures (2016-2020)