Analysts’ Viewpoint on HVAC Equipment Market Scenario
Rapid urbanization and increase in demand for sustainable products are driving the global HVAC equipment market. New products in the market are eco-friendly and do not rely on harmful refrigerants. Rise in focus on energy conservation has led to a surge in demand for energy-efficient HVAC products. Integration of IoT systems such as sensors, remote control, and mobile apps has enabled users to easily control, monitor, and interact with HVAC systems. Leading players in the market are focusing on technological advancements to improve the efficiency and cost-effectiveness of HVAC equipment. They are also establishing new manufacturing plants to enhance their revenue streams.
Heating, ventilation, and cooling (HVAC) systems control the temperature, humidity, and purity of the air in an enclosed space. They include heating equipment such as heat pumps, furnaces, unitary pumps, and boilers; cooling equipment such as chillers, air conditioners, and water cooling towers; and air delivery equipment such as ventilation fans and humidifiers/dehumidifiers. HVAC systems are deployed in industrial, commercial, residential, and institutional buildings. Central air conditioning; ductless, mini-split air conditioners; multi-split system air conditioning; variable refrigerant volume and variable refrigerant flow systems; and chillers are various types of HVAC systems used in commercial settings. HVAC system’s working principle is based on thermodynamics, fluid mechanics, and heat transfer. It uses three basic methods of heating: conduction, convection, and radiation. The system adjusts and changes the air conditions of a building to maintain thermal comfort.
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Rapid urbanization has led to the expansion of residential and commercial infrastructure. Majority of air-handling systems such as heat pumps, furnaces, boilers, and air-cooled chillers are used in residential and commercial buildings. Many commercial structures, including retail complexes, multiplexes, hospitals, clinics, hotels, and restaurants, are built with ventilation ducts and fans to ensure optimal ventilation and sufficient airflow. The commercial sector is likely to grow significantly in the next few years. According to the Construction Products Association, the U.K.-based construction industry trade association, the commercial sector is expected to grow by 9.7% in 2022. According to the report ‘Future of Construction’ published by Oxford Economics and Marsh and GuyCarpenter, a cumulative total of US$ 135 Trn in construction output is forecast in the decade to 2030.
Implementation of laws and regulations that require commercial and residential buildings to meet safety standards and energy consumption targets has led to a surge in demand for energy-efficient HVAC equipment. Climate change is driving the traction of new technologies in the renewable energy market such as solar-powered HVAC systems and geothermal heat pumps.
HVAC equipment accounts for 40% to 60% of the total energy consumption of a building, depending on climate and other factors. This is driving the need for efficient HVAC systems, which can meet the changing climatic variations, while lowering energy consumption. Innovative HVAC technologies have changed the way of heating and cooling residential and commercial interiors. They offer significant energy savings and reduced carbon emissions. Recent developments in the HVAC equipment market include the launch of thermally-driven air conditioners and ice-powered air-conditioning to reduce energy usage and the overall environmental impact of HVAC equipment.
Increase in adoption of home automation and rise in construction of green buildings have prompted HVAC equipment manufacturers to develop sustainable products integrated with smart technologies. Recent developments in the HVAC sensors market have led to a rise in demand for products with intelligent features and functions that offer smooth operation and higher energy savings. Manufacturers are providing remote control of equipment using mobile applications, intelligent sensors, and automated control systems. They are also introducing eco-friendly equipment by phasing out chlorofluorocarbons, hydrochlorofluorocarbons, and other harmful refrigerants.
In terms of product type, the global HVAC equipment market has been segmented into heating equipment, cooling equipment, and air delivery equipment. The cooling equipment segment held major share of the global market in 2021. Improvement in standard of living in hot climates and focus on reducing food waste are expected to drive the segment during the forecast period. Chillers and air conditioning equipment significantly contribute to the rise in demand for cooling equipment. However, demand for water cooling towers has been declining due to high costs.
Asia Pacific is the fastest-growing market for HVAC equipment, followed by North America. The region accounted for 52.9% revenue of the HVAC equipment market worldwide in 2021, and is projected to retain its leading position by 2031. Growth of the market can be ascribed to robust economic development in countries such as China and India. China is one of the largest producers of HVAC equipment and a key supplier to the European market. Expansion of the air conditioning system market and rise in export of low-priced products to Africa and South America are also driving the market in Asia Pacific.
Detailed profiles of players in the HVAC equipment market are provided in the report to evaluate their financials, key product offerings, recent developments, and strategies. Majority of companies are investing significantly in comprehensive R&D activities, primarily to launch eco-friendly products. Expansion of product portfolios and mergers & acquisitions are key strategies adopted by manufacturers.
Key players operating in the global HVAC equipment market include Daikin Industries, Ltd., Fujitsu General Ltd., Gree Electric Appliances, Inc. of Zhuhai, Hitachi Ltd., Hubei Donper Electromechanical Group Co., Ltd., Ingersoll-Rand, Mitsubishi Electric Corporation, Moon Environment Technology Co., Ltd., Panasonic Corporation, and Sanden Holdings Corp.
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Each of these players has been profiled in the HVAC equipment market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
Attribute | Detail |
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Market Size Value in 2021 (Base Year) | US$ 114.7 Bn |
Market Forecast Value in 2031 | US$ 199.2 Bn |
Growth Rate (CAGR) | 5.8% |
Forecast Period | 2022-2031 |
Quantitative Units | US$ Bn for Value and Thousand Units for Volume |
Market Analysis | Global qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis. |
Competition Landscape | Market Player – Competition Dashboard and Revenue Share Analysis 2021 Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, Strategy & Business Overview) |
Regions Covered |
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Market Segmentation |
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Companies Profile |
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Customization Scope | Available upon Request |
Pricing | Available upon Request |
The HVAC equipment market was valued at US$ 114.7 Bn in 2021.
The HVAC equipment market is expected to reach US$ 199.2 Bn by 2031.
Expansion of construction sector and rise in demand for energy-efficient HVAC equipment.
The cooling equipment segment held the largest share of the market in 2021.
Asia Pacific accounted for 52.9% share of the global HVAC equipment market in 2021.
Daikin Industries, Ltd., Fujitsu General Ltd., Gree Electric Appliances, Inc. of Zhuhai, Hitachi Ltd., Hubei Donper Electromechanical Group Co., Ltd., Ingersoll-Rand, Mitsubishi Electric Corporation, Moon Environment Technology Co., Ltd., Panasonic Corporation, and Sanden Holdings Corp.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Demand Side Analysis
5.3.2. Supply Side Analysis
5.4. Key Market Indicators
5.4.1. Overall HVAC Industry Overview
5.5. Porter’s Five Forces Analysis
5.6. Value Chain Analysis
5.7. Industry SWOT Analysis
5.8. Technological Overview
5.9. Regulatory Framework Analysis
5.10. HVAC Equipment Market Analysis and Forecast, 2017-2031
5.10.1. Market Revenue Projections (US$ Bn)
5.10.2. Market Revenue Projections (Thousand Units)
6. Global HVAC Equipment Market Analysis and Forecast, By Product Type
6.1. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017-2031
6.1.1. Heating Equipment
6.1.1.1. Heat Pumps
6.1.1.2. Furnaces
6.1.1.3. Unitary Pumps
6.1.1.4. Boilers
6.1.1.5. Others
6.1.2. Cooling Equipment
6.1.2.1. Chillers
6.1.2.2. Air Conditioners
6.1.2.3. Water Cooling Towers
6.1.2.4. Others
6.1.3. Air Delivery Equipment
6.1.3.1. Ventilation Fans
6.1.3.2. Humidifiers/Dehumidifiers
6.1.3.3. Others
6.2. Incremental Opportunity, by Product Type
7. Global HVAC Equipment Market Analysis and Forecast, By Application
7.1. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017-2031
7.1.1. Residential
7.1.2. Commercial
7.1.3. Industrial
7.2. Incremental Opportunity, By Application
8. HVAC Equipment Market Analysis and Forecast, by Region
8.1. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Region, 2017-2031
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
8.2. Global Incremental Opportunity, by Region
9. North America HVAC Equipment Market Analysis and Forecast
9.1. Regional Snapshot
9.2. Key Trend Analysis
9.3. Price Trend Analysis
9.3.1. Weighted Average Selling Price
9.4. Key Supplier Analysis
9.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017-2031
9.5.1. Heating Equipment
9.5.1.1. Heat Pumps
9.5.1.2. Furnaces
9.5.1.3. Unitary Pumps
9.5.1.4. Boilers
9.5.1.5. Others
9.5.2. Cooling Equipment
9.5.2.1. Chillers
9.5.2.2. Air Conditioners
9.5.2.3. Water Cooling Towers
9.5.2.4. Others
9.5.3. Air Delivery Equipment
9.5.3.1. Ventilation Fans
9.5.3.2. Humidifiers/Dehumidifiers
9.5.3.3. Others
9.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017-2031
9.6.1. Residential
9.6.2. Commercial
9.6.3. Industrial
9.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017-2031
9.7.1. U.S.
9.7.2. Mexico
9.7.3. Rest of North America
9.8. Incremental Opportunity Analysis
10. Europe HVAC Equipment Market Analysis and Forecast
10.1. Regional Snapshot
10.2. Key Trend Analysis
10.3. Price Trend Analysis
10.3.1. Weighted Average Selling Price
10.4. Key Supplier Analysis
10.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017-2031
10.5.1. Heating Equipment
10.5.1.1. Heat Pumps
10.5.1.2. Furnaces
10.5.1.3. Unitary Pumps
10.5.1.4. Boilers
10.5.1.5. Others
10.5.2. Cooling Equipment
10.5.2.1. Chillers
10.5.2.2. Air Conditioners
10.5.2.3. Water Cooling Towers
10.5.2.4. Others
10.5.3. Air Delivery Equipment
10.5.3.1. Ventilation Fans
10.5.3.2. Humidifiers/Dehumidifiers
10.5.3.3. Others
10.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017-2031
10.6.1. Residential
10.6.2. Commercial
10.6.3. Industrial
10.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017-2031
10.7.1. U.K.
10.7.2. Germany
10.7.3. France
10.7.4. Rest of Europe
10.8. Incremental Opportunity Analysis
11. Asia Pacific HVAC Equipment Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Key Trend Analysis
11.3. Price Trend Analysis
11.3.1. Weighted Average Selling Price
11.4. Key Supplier Analysis
11.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017-2031
11.5.1. Heating Equipment
11.5.1.1. Heat Pumps
11.5.1.2. Furnaces
11.5.1.3. Unitary Pumps
11.5.1.4. Boilers
11.5.1.5. Others
11.5.2. Cooling Equipment
11.5.2.1. Chillers
11.5.2.2. Air Conditioners
11.5.2.3. Water Cooling Towers
11.5.2.4. Others
11.5.3. Air Delivery Equipment
11.5.3.1. Ventilation Fans
11.5.3.2. Humidifiers/Dehumidifiers
11.5.3.3. Others
11.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017-2031
11.6.1. Residential
11.6.2. Commercial
11.6.3. Industrial
11.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017-2031
11.7.1. China
11.7.2. India
11.7.3. Japan
11.7.4. Rest of Asia Pacific
11.8. Incremental Opportunity Analysis
12. Middle East & Africa HVAC Equipment Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Key Trend Analysis
12.3. Price Trend Analysis
12.3.1. Weighted Average Selling Price
12.4. Key Supplier Analysis
12.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017-2031
12.5.1. Heating Equipment
12.5.1.1. Heat Pumps
12.5.1.2. Furnaces
12.5.1.3. Unitary Pumps
12.5.1.4. Boilers
12.5.1.5. Others
12.5.2. Cooling Equipment
12.5.2.1. Chillers
12.5.2.2. Air Conditioners
12.5.2.3. Water Cooling Towers
12.5.2.4. Others
12.5.3. Air Delivery Equipment
12.5.3.1. Ventilation Fans
12.5.3.2. Humidifiers/Dehumidifiers
12.5.3.3. Others
12.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017-2031
12.6.1. Residential
12.6.2. Commercial
12.6.3. Industrial
12.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017-2031
12.7.1. GCC
12.7.2. South Africa
12.7.3. Rest of Middle East & Africa
12.8. Incremental Opportunity Analysis
13. South America HVAC Equipment Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Key Trend Analysis
13.3. Price Trend Analysis
13.3.1. Weighted Average Selling Price
13.4. Key Supplier Analysis
13.5. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017-2031
13.5.1. Heating Equipment
13.5.1.1. Heat Pumps
13.5.1.2. Furnaces
13.5.1.3. Unitary Pumps
13.5.1.4. Boilers
13.5.1.5. Others
13.5.2. Cooling Equipment
13.5.2.1. Chillers
13.5.2.2. Air Conditioners
13.5.2.3. Water Cooling Towers
13.5.2.4. Others
13.5.3. Air Delivery Equipment
13.5.3.1. Ventilation Fans
13.5.3.2. Humidifiers/Dehumidifiers
13.5.3.3. Others
13.6. HVAC Equipment Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017-2031
13.6.1. Residential
13.6.2. Commercial
13.6.3. Industrial
13.7. HVAC Equipment Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017-2031
13.7.1. Brazil
13.7.2. Rest of South America
13.8. Incremental Opportunity Analysis
14. Competition Landscape
14.1. Market Player – Competition Dashboard
14.2. Market Revenue Share Analysis (%), (2021)
14.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
14.3.1. Daikin Industries, Ltd.
14.3.1.1. Company Overview
14.3.1.2. Sales Area/Geographical Presence
14.3.1.3. Revenue
14.3.1.4. Strategy & Business Overview
14.3.2. Fujitsu General Ltd.
14.3.2.1. Company Overview
14.3.2.2. Sales Area/Geographical Presence
14.3.2.3. Revenue
14.3.2.4. Strategy & Business Overview
14.3.3. Gree Electric Appliances, Inc. of Zhuhai
14.3.3.1. Company Overview
14.3.3.2. Sales Area/Geographical Presence
14.3.3.3. Revenue
14.3.3.4. Strategy & Business Overview
14.3.4. Hitachi Ltd.
14.3.4.1. Company Overview
14.3.4.2. Sales Area/Geographical Presence
14.3.4.3. Revenue
14.3.4.4. Strategy & Business Overview
14.3.5. Hubei Donper Electromechanical Group Co. Ltd.
14.3.5.1. Company Overview
14.3.5.2. Sales Area/Geographical Presence
14.3.5.3. Revenue
14.3.5.4. Strategy & Business Overview
14.3.6. Ingersoll-Rand
14.3.6.1. Company Overview
14.3.6.2. Sales Area/Geographical Presence
14.3.6.3. Revenue
14.3.6.4. Strategy & Business Overview
14.3.7. Mitsubishi Electric Corporation
14.3.7.1. Company Overview
14.3.7.2. Sales Area/Geographical Presence
14.3.7.3. Revenue
14.3.7.4. Strategy & Business Overview
14.3.8. Moon Environment Technology Co., Ltd.
14.3.8.1. Company Overview
14.3.8.2. Sales Area/Geographical Presence
14.3.8.3. Revenue
14.3.8.4. Strategy & Business Overview
14.3.9. Panasonic Corporation
14.3.9.1. Company Overview
14.3.9.2. Sales Area/Geographical Presence
14.3.9.3. Revenue
14.3.9.4. Strategy & Business Overview
14.3.10. Sanden Holdings Corp.
14.3.10.1. Company Overview
14.3.10.2. Sales Area/Geographical Presence
14.3.10.3. Revenue
14.3.10.4. Strategy & Business Overview
15. Key Takeaways
15.1. Identification of Potential Market Spaces
15.1.1. By Type
15.1.2. By Application
15.1.3. By Region
15.2. Understanding the Buying Process of Customers
15.3. Preferred Sales & Marketing Strategy
15.4. Prevailing Market Risk
List of Tables
Table 1: Global HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031
Table 2: Global HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Table 3: Global HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031
Table 4: Global HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Table 5: Global HVAC Equipment Market Value, by Region, US$ Bn, 2017-2031
Table 6: Global HVAC Equipment Market Volume, by Region, Thousand Units,2017-2031
Table 7: North America HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031
Table 8: North America HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Table 9: North America HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031
Table 10: North America HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Table 11: North America HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031
Table 12: North America HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031
Table 13: Europe HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031
Table 14: Europe HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Table 15: Europe HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031
Table 16: Europe HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Table 17: Europe HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031
Table 18: Europe HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031
Table 19: Asia Pacific HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031
Table 20: Asia Pacific HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Table 21: Asia Pacific HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031
Table 22: Asia Pacific HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Table 23: Asia Pacific HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031
Table 24: Asia Pacific HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031
Table 25: Middle East & Africa HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031
Table 26: Middle East & Africa HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Table 27: Middle East & Africa HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031
Table 28: Middle East & Africa HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Table 29: Middle East & Africa HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031
Table 30: Middle East & Africa HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031
Table 31: South America HVAC Equipment Market Volume, by Product Type, US$ Bn, 2017-2031
Table 32: South America HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Table 33: South America HVAC Equipment Market Volume, by Application, US$ Bn, 2017-2031
Table 34: South America HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Table 35: South America HVAC Equipment Market Volume, by Country, US$ Bn, 2017-2031
Table 36: South America HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031
List of Figures
Figure 1: Global HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031
Figure 2: Global HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Figure 3: Global HVAC Equipment Market Incremental Opportunity, by Product Type, 2021-2031
Figure 4: Global HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031
Figure 5: Global HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Figure 6: Global HVAC Equipment Market Incremental Opportunity, by Application, 2021-2031
Figure 7: Global HVAC Equipment Market Value, by Region, US$ Bn, 2017-2031
Figure 8: Global HVAC Equipment Market Volume, by Region, Thousand Units,2017-2031
Figure 9: North America HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031
Figure 10: North America HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031
Figure 11: North America HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Figure 12: North America HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031
Figure 13: North America HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031
Figure 14: North America HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Figure 15: North America HVAC Equipment Market Incremental Opportunity, by Country, 2017-2031
Figure 16: North America HVAC Equipment Market Value, by Country, US$ Bn, 2017-2031
Figure 17: Europe HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Figure 18: Europe HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031
Figure 19: Europe HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031
Figure 20: Europe HVAC Equipment Market Volume, by Application, Thousand Units, 2017-2031
Figure 21: Europe HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031
Figure 22: Europe HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031
Figure 23: Europe HVAC Equipment Market Volume, by Country, Thousand Units, 2017-2031
Figure 24: Europe HVAC Equipment Market Incremental Opportunity, by Country, 2017-2031
Figure 25: Asia Pacific HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031
Figure 26: Asia Pacific HVAC Equipment Market Volume, by Product Type, Thousand Units, 2017-2031
Figure 27: Asia Pacific HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031
Figure 28: Asia Pacific HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031
Figure 29: Asia Pacific HVAC Equipment Market Volume, by Application, Thousand Units,2017-2031
Figure 30: Asia Pacific HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031
Figure 31: Asia Pacific HVAC Equipment Market Value, by Country, US$ Bn, 2017-2031
Figure 32: Asia Pacific HVAC Equipment Market Volume, by Country, Thousand Units,2017-2031
Figure 33: Middle East & Africa HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031
Figure 34: Middle East & Africa HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031
Figure 35: Middle East & Africa HVAC Equipment Market Volume, by Product Type, Thousand Units,2017-2031
Figure 36: Middle East & Africa HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031
Figure 37: Middle East & Africa HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031
Figure 38: Middle East & Africa HVAC Equipment Market Volume, by Application, Thousand Units,2017-2031
Figure 39: Middle East & Africa HVAC Equipment Market Incremental Opportunity, by Country,2017-2031
Figure 40: Middle East & Africa HVAC Equipment Market Value, by Country, US$ Bn, 2017-2031
Figure 41: South America HVAC Equipment Market Volume, by Product Type, Thousand Units,2017-2031
Figure 42: South America HVAC Equipment Market Incremental Opportunity, by Product Type, 2017-2031
Figure 43: South America HVAC Equipment Market Value, by Product Type, US$ Bn, 2017-2031
Figure 44: South America HVAC Equipment Market Volume, by Application, Thousand Units,2017-2031
Figure 45: South America HVAC Equipment Market Incremental Opportunity, by Application, 2017-2031
Figure 46: South America HVAC Equipment Market Value, by Application, US$ Bn, 2017-2031
Figure 47: South America HVAC Equipment Market Volume, by Country ,Thousand Units,2017-2031
Figure 48: South America HVAC Equipment Market Incremental Opportunity, by Country,2017-2031