Heating Ventilation Air Conditioning Market

Global Heating Ventilation and Air Conditioning Market Information, by Systems (Heating, Ventilation, Humidity, Integrated Controls), by Components (Sensors, Control & Control Devices), by Revenue Source (HVAC Controls, Building Energy Management Systems (BEMS), by region (Europe, Americas, Asia Pacific & MEA) - Forecast to 2027

Market Synopsis

The global market for heating, ventilation & air conditioning (HVAC) is expected to increase at a steady compound annual growth rate over the next nine years. The arrival of leading-edge heating, ventilation and air conditioning technology has reflected favorably on the global market. Increased investment in product innovation has led to development of advanced ventilation and air conditioning solutions. Manufacturers are also focusing on product customization and development of application-specific products, which is identified as a key industry trend.

Severe levels of atmospheric change and global warming is a major factor driving the deployment rate of various indoor temperature control systems including heating, ventilation and air conditioning systems. These systems are more popular in countries that experience frequent climatic fluctuations.  Moreover, continued urbanization and growth of human population is playing an important role in boosting the popularity of the indoor temperature control systems in various parts of the world. Factors as such as likely to support the growth of the global market for heating, ventilation and air conditioning.

Key Findings

• As per the research findings, the HVAC market in the Middle East is expected to witness a relatively faster growth during the assessment period (2015-2027). Shipment of HVAC units has continued to grow in a number Middle Eastern countries including United Arab Emirates (UAE), Saudi Arabia and Qatar. 

• The findings in the reports also suggest that demand for air conditioning systems is expected to remain robust Sub-Saharan region. This is mainly attributable to the extremely warm temperatures frequently recorded in this part of the world. Air conditioners remain an attractive product segment in the Middle East and Africa HVAC market.

Study Objectives

• To provide a comprehensive breakdown of the market structure for heating, ventilation and air conditioning along with projection on furture growth prospects of various market segments and sub-segments.


• To deliver information on the key macro and micro-economic factors influencing the market growth.


• To provide analysis on product supply chain and product pricing using various triangulation methods.


• To analyze data pertaining to market performance in recent past and revenue projections during the forecast period for the market segments and sub-segments covering four regions – Europe, North America, Asia Pacific (APAC) and Rest of the World (RoW).


• To deliver cross-sectional country level examination of the market with regard to current market size and future potential


• To deliver comprehensive analysis of the leading companies operating in the market, identifying their core competencies and determining the current competitive scenario in the market.


• To deliver information on latest company developments such as strategic alliances, new product developments, R&D, joint ventures, mergers and acquisitions.

Competitive Dashboard

Some of the leading players profiled in this report include Zamil Air Conditioners, Daikin, Lennox International, Ingersoll Rand, Samsung Electronics, Siemens Building Technologies, Johnson Controls, Gree Electric Appliances Inc, Honeywell International, and Fujitsu General.

Global Heating Ventilation and Air Conditioning Market: Segmental Analysis

For the detailed analysis of the market, the report includes an examination of relevant market segments that are based on product type and application. On the basis of product type, the market has been segmented into central air conditioning, window or through the wall air conditioners, split residential air conditioners, and packaged air conditioners. On the basis of application, the market has been segmented into institutional, residential, commercial, hospitality and others.

Regional Analysis

Middle East and Africa (MEA) is expected to remain a highly lucrative market for HVAC units during the forecast period. The ongoing government efforts to bring up the infrastructure standards in the MEA countries is creating significant market opportunities. The region’s market is projected to exhibit an above-average CAGR during the review period. Meanwhile, Europe and North America are the other two regions that will remain important for HVAC manufacturers over the next couple of years. Change in climate and increased temperature levels in these regions owing to global warming has resulted in increased installation of HVAC units.

Regions Covered

• Americas - North America (US and Canada) and Latin America


• Europe(Western Europe, Germany, France, Italy, Spain, U.K, Rest of Western Europe, Eastern Europe)


• Asia Pacific - Asia (China, India, Japan, South Korea, Rest of Asia) and the Pacific region


• The Middle East& Africa