Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market to Reach $286.8 Billion by 2026

Abstract: Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market to Reach $286. 8 Billion by 2026 . Heating, ventilation, and air conditioning (HVAC) systems are important and indispensable with omnipresent applications in virtually all buildings and factories.

New York, July 16, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Heating, Ventilation and Air Conditioning (HVAC) Systems Industry” – https://www.reportlinker.com/p05842190/?utm_source=GNW
HVAC systems are extensively employed in residential and commercial buildings across various sectors, including education, healthcare, retail, office, government and airport. Growth in the market is anticipated to be propelled by increasing demand for energy-efficient HVAC systems for reducing energy consumption and carbon emissions. Rising concerns over climate change, increasing energy prices and carbon emissions continue to push the adoption of HVAC systems in commercial spaces. The market is also set to gain from the increasing demand for energy saving products. Rebates for energy-efficient systems such as air conditioning and HVAC are encouraging commercial building users to implement and upgrade HVAC systems.

Amid the COVID-19 crisis, the global market for Heating, Ventilation and Air Conditioning (HVAC) Systems estimated at US$201 Billion in the year 2020, is projected to reach a revised size of US$286.8 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Cooling Systems, one of the segments analyzed in the report, is projected to grow at a 6.2% CAGR to reach US$204 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heating Systems segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 20.8% share of the global Heating, Ventilation and Air Conditioning (HVAC) Systems market. Demand for heat pumps is attributed to availability of systems with advanced functions that allow space heating and cooling while also heating water. The ability of heat pumps to offer higher efficiency as compared to other space heating and cooling unit is expected to further increase their adoption in the coming years. The climate change and gradually increasing average temperature are driving the adoption of cooling equipment during summers.

The U.S. Market is Estimated at $58.1 Billion in 2021, While China is Forecast to Reach $59.3 Billion by 2026

The Heating, Ventilation and Air Conditioning (HVAC) Systems market in the U.S. is estimated at US$58.1 Billion in the year 2021. The country currently accounts for a 27.1% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$59.3 Billion in the year 2026 trailing a CAGR of 9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$63.8 Billion by the end of the analysis period. The demand for air conditioners in developing regions such as Asia-Pacific is very high with some households owning more than one appliance, whereas the demand for air conditioners from the developed regions remains comparatively low. The market in Asia-Pacific is anticipated to also benefit from technological advancements and increasing investment in the consumer electronics sector across the region. The market in developed regions is propelled by rising consumer awareness about star-labeled HVAC products, increasing use of VRV and adoption of inverter-based air conditioning systems.

Ventilation Systems Segment to Reach $34 Billion by 2026

In the global Ventilation Systems segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$19.4 Billion in the year 2020 will reach a projected size of US$25.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.5 Billion by the year 2026, while Latin America will expand at a 5.6% CAGR through the analysis period.
Select Competitors (Total 82 Featured)

Story continues

  • Daikin Industries Ltd.

  • Danfoss A/S

  • Electrolux AB

  • Emerson Electric Company

  • Fujitsu Ltd.

  • GREE, Inc.

  • Hitachi Ltd.

  • Honeywell International, Inc.

  • Ingersoll-Rand PLC

  • Johnson Controls International PLC

  • Lennox International Inc.

  • LG Electronics Inc.

  • Midea Group Co., Ltd.

  • Mitsubishi Electric Corporation

  • Nortek Global HVAC LLC

  • Panasonic Corporation

  • Qingdao Haier Co., Ltd.

  • Samsung Electronics Co., Ltd.

  • United Technologies Corporation (UTC)

  • Whirlpool Corporation

Read the full report: https://www.reportlinker.com/p05842190/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
HVAC Market Analysis and Outlook
Asia-Pacific Continues to Dominate Global Market
Changing Economic Scenario Influence Market Dynamics
Global Economic Outlook: Real GDP Growth Rates in % by Country/
Region for the Years 2017 through 2020
Climate Change: An Important Driving Factor for Energy-
efficient HVAC Systems
EXHIBIT 1: HVAC Energy Use by End-Use (in %)
Millennial Generation: To Play an Important Role

2. FOCUS ON SELECT PLAYERS
Carrier Corporation (USA)
Daikin Industries Ltd. (Japan)
Danfoss (Denmark)
Emerson Electric Co. (USA)
Fujitsu General Limited (Japan)
Gree Electric Appliances, Inc. (China)
Havells India Limited (India)
Hitachi Ltd. (Japan)
Honeywell International, Inc. (USA)
Johnson Controls, Inc. (USA)
Johnson Controls-Hitachi Air Conditioning (Japan)
Lennox International, Inc. (USA)
LG Electronics, Inc. (South Korea)
Midea Group (China)
Mitsubishi Electric Trane HVAC US LLC (USA)
Panasonic Corporation of North America (USA)
Rheem Manufacturing Company (USA)
Samsung HVAC (USA)
Trane Inc. (USA)
Whirlpool Corp. (USA)

3. MARKET TRENDS & DRIVERS
Pressing Need to Cut Energy Consumption and Operational Costs
Impels Energy Efficient HVAC Systems Market
Other Important Innovations Enabling Efficient and High-
Performance HVAC Systems
Use of Multi-Enzyme Solutions
Sustainable Retrofit
Air Conditioning with Ice Power
Digital Ceilings
Smart Glasses
Sustainable HVAC Ductwork
Major Market Restraints
Smart HVAC Systems Hold Immense Potential
Smart Thermotats: An Important Development
Integration of HVAC Systems and IoT Offers New Opportunities
AI for Reduced Building Heating & Cooling Expenses
Cloud-Connected HVAC Systems Enable Creation of Smart and
Efficient Facilities
Automated Control Systems for HVAC Equipment Gain Traction in
Buildings
Alternative Energy Sources Garner Attention
Solar Powered HVAC Systems Gain Traction
Global Solar Power Market: Solar PV Capacity (in GW) and PV
Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
Heat Pumps Dominate the HVAC Market
Geothermal Cooling & Heating Presents Viable Option to Improve
Building Efficiency
Closed- and Open-Loop Systems
Demand for Ductless ACs on Rise
Strong Growth in Demand for Ductless Multi-Zone Systems
Global VRF System Market to Gain Pace
Outdoor Units Lead the Market
HVACs with Air Quality Systems: High in Demand
Air Conditioning Systems: Climate Change and Rising
Temperatures Drive Market Growth
EXHIBIT 2: % Penetration of Air Conditioning in Households
Deployment of Environment-Friendly Refrigerants Increases in ACs
EXHIBIT 3: List of Various Refrigerants Types
Green Refrigerants to Replace Hydro Fluorocarbons
Rise in Adoption of DeVAP systems
Rising Interest in Indoor Growth Facilities: An Emerging Market
Driver
Huge Investments in Construction Sector Boosts HVAC Systems
Market Prospects
EXHIBIT 4: Projected Increase in Construction Investments
Augurs Well for HVAC Systems Market: World Construction
Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
EXHIBIT 5: Construction Industry Worldwide: Percentage CAGR of
Construction Output by Region for the Period 2013-2017 and
2018-2023
Growing Replacement and Refurbishment Demand for HVAC Systems
Growing Urbanization to Increase the Need for HVAC Systems
World Urban Population in Thousands: 1950-2050P
Degree of Urbanization Worldwide: Urban Population as a % of
Total Population by Geographic Region for the Years 2000, 2020&
2050
Affluent Middle Class Opens Up Asia into a Major Market
Growing Middle Class Population in Asia Pacific Drives Demand
for New HVAC Systems: Global Middle Class Population (In
Million) by Region for the Years 2020, 2025 and 2030
Expanding Base of Middle Class in the Asian Region Provides the
Perfect Platform for HVAC Systems: Global Middle Class
Spending (US$ Trillion) by Region for the Years 2020, 2025,
2030

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2020 through 2027 and
% CAGR

Table 2: World Historic Review for Heating, Ventilation and Air
Conditioning (HVAC) Systems by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Billion for Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Geographic Region –
Percentage Breakdown of Value Sales for USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets for Years 2012, 2020 & 2027

Table 4: World Current & Future Analysis for Cooling Systems by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Cooling Systems by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Cooling Systems by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 7: World Current & Future Analysis for Heating Systems by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Heating Systems by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Heating Systems by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 10: World Current & Future Analysis for Ventilation
Systems by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Ventilation Systems by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Ventilation Systems by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 13: World Current & Future Analysis for New Construction
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for New Construction by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for New Construction by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 16: World Current & Future Analysis for Retrofit by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Retrofit by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019 and
% CAGR

Table 18: World 15-Year Perspective for Retrofit by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 19: World Current & Future Analysis for Commercial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027 and % CAGR

Table 20: World Historic Review for Commercial by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019 and
% CAGR

Table 21: World 15-Year Perspective for Commercial by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 22: World Current & Future Analysis for Residential by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027 and % CAGR

Table 23: World Historic Review for Residential by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019 and
% CAGR

Table 24: World 15-Year Perspective for Residential by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 25: World Current & Future Analysis for Industrial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027 and % CAGR

Table 26: World Historic Review for Industrial by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019 and
% CAGR

Table 27: World 15-Year Perspective for Industrial by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Market Overview
Government Initiatives Prop Up Demand for Energy Efficient Models
Positive Signs of Revival in Construction Market Augurs Well
for HVAC Systems
Total Construction Starts (in US$ Billion) in the US for the
Years 2015 through 2020
Market Analytics
Table 28: USA Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 29: USA Historic Review for Heating, Ventilation and Air
Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 30: USA 15-Year Perspective for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 31: USA Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 32: USA Historic Review for Heating, Ventilation and Air
Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 33: USA 15-Year Perspective for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – Percentage
Breakdown of Value Sales for New Construction and Retrofit for
the Years 2012, 2020 & 2027

Table 34: USA Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 35: USA Historic Review for Heating, Ventilation and Air
Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 36: USA 15-Year Perspective for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

CANADA
Table 37: Canada Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 38: Canada Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 39: Canada 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 40: Canada Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 41: Canada Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 42: Canada 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Implementation –
Percentage Breakdown of Value Sales for New Construction and
Retrofit for the Years 2012, 2020 & 2027

Table 43: Canada Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 44: Canada Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 45: Canada 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

JAPAN
Market Overview
Efforts toward Energy Conservation Impact Japanese HVAC Industry
Competitive Scenario
Market Analytics
Table 46: Japan Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 47: Japan Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 48: Japan 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 49: Japan Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 50: Japan Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 51: Japan 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Implementation –
Percentage Breakdown of Value Sales for New Construction and
Retrofit for the Years 2012, 2020 & 2027

Table 52: Japan Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 53: Japan Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 54: Japan 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

CHINA
Market Overview
China Evolves into Core Market for HVAC Systems
Market Analytics
Table 55: China Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 56: China Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 57: China 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 58: China Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 59: China Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 60: China 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Implementation –
Percentage Breakdown of Value Sales for New Construction and
Retrofit for the Years 2012, 2020 & 2027

Table 61: China Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 62: China Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 63: China 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

EUROPE
Table 64: Europe Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Geographic
Region – France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2020 through 2027 and % CAGR

Table 65: Europe Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Geographic Region – France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019 and % CAGR

Table 66: Europe 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Geographic Region –
Percentage Breakdown of Value Sales for France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets for Years 2012,
2020 & 2027

Table 67: Europe Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 68: Europe Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 69: Europe 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 70: Europe Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 71: Europe Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 72: Europe 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Implementation –
Percentage Breakdown of Value Sales for New Construction and
Retrofit for the Years 2012, 2020 & 2027

Table 73: Europe Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 74: Europe Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 75: Europe 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

FRANCE
Table 76: France Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 77: France Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 78: France 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 79: France Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 80: France Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 81: France 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Implementation –
Percentage Breakdown of Value Sales for New Construction and
Retrofit for the Years 2012, 2020 & 2027

Table 82: France Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 83: France Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 84: France 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

GERMANY
Table 85: Germany Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 86: Germany Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 87: Germany 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 88: Germany Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 89: Germany Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 90: Germany 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Implementation –
Percentage Breakdown of Value Sales for New Construction and
Retrofit for the Years 2012, 2020 & 2027

Table 91: Germany Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 92: Germany Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 93: Germany 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

ITALY
Table 94: Italy Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 95: Italy Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 96: Italy 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 97: Italy Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 98: Italy Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 99: Italy 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Implementation –
Percentage Breakdown of Value Sales for New Construction and
Retrofit for the Years 2012, 2020 & 2027

Table 100: Italy Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Application –
Commercial, Residential and Industrial – Independent Analysis
of Annual Sales in US$ Billion for the Years 2020 through 2027
and % CAGR

Table 101: Italy Historic Review for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Application – Commercial,
Residential and Industrial Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 102: Italy 15-Year Perspective for Heating, Ventilation
and Air Conditioning (HVAC) Systems by Application – Percentage
Breakdown of Value Sales for Commercial, Residential and
Industrial for the Years 2012, 2020 & 2027

UNITED KINGDOM
Table 103: UK Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by Segment –
Cooling Systems, Heating Systems and Ventilation Systems –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027 and % CAGR

Table 104: UK Historic Review for Heating, Ventilation and Air
Conditioning (HVAC) Systems by Segment – Cooling Systems,
Heating Systems and Ventilation Systems Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019 and % CAGR

Table 105: UK 15-Year Perspective for Heating, Ventilation and
Air Conditioning (HVAC) Systems by Segment – Percentage
Breakdown of Value Sales for Cooling Systems, Heating Systems
and Ventilation Systems for the Years 2012, 2020 & 2027

Table 106: UK Current & Future Analysis for Heating,
Ventilation and Air Conditioning (HVAC) Systems by
Implementation – New Construction and Retrofit – Independent
Analysis of Annual Sales in US$ Billion for the Years 2020
through 2027 and % CAGR

Table 107: UK Historic Review for Heating, Ventilation and Air
Conditioning (HVAC) Systems by Implementation – New
Construction and Retrofit Markets – Independent Analysis of
Annual Sales in US$ Billion for Years 2012 through 2019 and %
CAGR

Table 108: UK 15-Year Perspective for Heating, Ventilation and

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