The residential HVAC business is a mature market segment unaccustomed to much change. However, growing pressures will shape the market in new ways in coming years. Those pressures, or drivers, come from several sources including regulators and standards bodies that set building codes and performance criteria for heating and cooling systems installed in homes. There is steady market movement toward greater energy efficiency.

Global manufacturers are competing for market share and developing advanced systems to differentiate their products from their rivals. Consumers who have a growing awareness about advanced technologies in HVAC systems and a willingness to explore their options for more efficiently heating and cooling their homes have power in this evolving market. Customers are motivated by the basic desire to live comfortably and affordably. HVAC vendors are aware of this and are innovating a variety of options to answer consumer demand.

This Navigant Research report analyzes the global market for residential HVAC systems, with a focus on innovations in the equipment, like ductless heat pumps and the efficiency of mini-split systems. The study provides regional overviews of the forces influencing the residential HVAC market in different global regions such as Europe, Asia Pacific, Latin America, and the Middle East & Africa. Global market forecasts for revenue and unit shipments extend through 2028. The report also analyzes product alternatives such as geothermal systems and micro combined heat and power.