Summary

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),–Market Forecast Till 2030
Market Overview
Compound annual growth rate (CAGR) of 7.4% is anticipated for the Commercial HVAC Market industry during the forecast period. The commercial HVAC (Heating, Ventilation, and Air Conditioning) market worldwide is expected to be influenced by governments throughout the global region. Governments are progressively acknowledging the importance of environmental sustainability and energy efficiency in commercial buildings.
The commercial HVAC industry has experienced substantial growth on a global scale in recent years. The development of intelligent HVAC systems is one of the primary areas of technological advancement. These systems are capable of adjusting the temperature, monitor, humidity, and air quality in real time, resulting in increased efficiency and cost savings. Additionally, the remote control of these intelligent HAVCs is possible through smartphones or other intelligent devices, which offers a high degree of flexibility and convenience. Furthermore, the market is being driven by the growing demand for technologically advanced heating, ventilation, and cooling systems. As environmental awareness continues to increase, the demand for green-labelled products is also on the rise, resulting in the emergence of thermally driven air conditioners. Furthermore, Daikin Industries Ltd. is conducting research and development to introduce advanced HVAC systems that utilize solar energy and natural gas, thereby enhancing energy efficiency. Additionally, the HVAC industry and IoT combine to facilitate remote machine control, thereby enhancing the customer-driven service program. HVAC personnel can monitor the movement within a building by incorporating motion sensors into these smart devices. Nevertheless, the system may recommend that heating or ventilation be reduced to reduce energy consumption when there is a prolonged period of inactivity, as indicated by an app notification. Additionally, HVAC manufacturers are endeavoring to enhance their market share by offering consumers intelligent HVAC systems.

Market segment insights
Cooling Equipment, Heating Equipment, and Ventilation Equipment comprise the Commercial HVAC Market.
Sensors, compressors, control systems, expansion valves, evaporator coils, ventilation fan and blower units, filters, dampers, tubing/piping systems, and others comprise the market, which is segmented by component.
The Commercial HVAC Market has been divided into OEM and Aftermarket segments based on sales channels.
The Market has been segmented into the following categories: Office, School & Colleges, Restaurants, Hotels, Shops, Apartment, Hospitals & Clinics, Sport Centers, Data Center/Server Hub, Warehouses, and Factories, all of which are based on applications.
Regional Perspectives
In 2022, the Asia-Pacific Commercial HVAC Market held the largest market share and is anticipated to experience a substantial CAGR growth during the research period. The Commercial HVAC market in the APAC region is undergoing significant growth and development, with key countries such as China, Japan, South Korea, India, and the rest of APAC actively contributing to this transformation. The significance of advanced HVAC systems in improving the energy efficiency, environmental sustainability, and indoor comfort of commercial buildings is being acknowledged by governments and businesses throughout APAC.
North America, which includes the United States, Canada, and Mexico, is recognized for its robust commercial HVAC market. The region is experiencing substantial growth in the adoption of sophisticated commercial HVAC systems, as a result of its emphasis on sustainable building practices and technological innovation. These systems are in high demand due to government initiatives and private sector investments that are designed to enhance the quality of indoor air and energy efficiency in commercial spaces.
Federal, state, and local governments in the United States have implemented a variety of regulations and incentive programs to promote the implementation of energy-efficient HVAC systems in commercial structures. These initiatives encourage businesses to adopt sustainable practices and invest in contemporary HVAC technologies. For example, the Federal Energy Management Program (FEMP) offers acquisition guidance for commercial central air conditioners with cooling capacities that are equal to or greater than a specific threshold.

Major Players
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 are among the major players in the market.

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Table of Contents

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 1
4.2.2. DRIVERS 2
4.3. WHAT ARE THE CHALLENGES FACED BY INDUSTRY PARTICIPANTS?
4.3.1. RESTRAINTS
4.4. OPPORTUNITIES
4.4.1. OPPORTUNITY 1
4.4.2. OPPORTUNITY 2
4.5. IMPACT ANALYSIS OF COVID-19
4.5.1. IMPACT ON OVERALL INDUSTRY
4.5.1.1. ECONOMIC IMPACT
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, 2023
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