Reports
Sale
Asia Pacific HVAC Market Size, Share, Trends, Analysis: By Equipment: Heating, Ventilation, Cooling; By Implementation Type: New Constructions, Retrofits; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Asia Pacific HVAC Market Size
The Asia Pacific HVAC market is projected to grow at a CAGR of 7.2% between 2024 and 2032. The market is being driven by the growing demand for energy-efficient HVAC systems.
Asia Pacific HVAC Market Outlook
- The installation of HVAC systems in new constructions is expected to become increasingly popular.
- India is expected to become one of the leading countries in the market over the forecast period.
- Energy-efficient HVAC systems are expected to witness a surge in demand in the coming years.
Asia Pacific HVAC Market Growth
According to the International Energy Agency, merely 15% of all Southeast Asian households own an air conditioner. Countries like Singapore and Malaysia report an installation rate of 80%, while in Vietnam and Indonesia, the rate is only 10%. With the increasing need for protecting children and the elderly from extreme weather conditions, it is expected that the total number of AC installations in Southeast Asia could reach 300 million by 2040.
Eco-friendly HVAC systems that rely on geothermal energy to heat/cool commercial and residential spaces are becoming increasingly popular. This is because they enable significant cost savings for consumers and organisations while driving the transition towards the usage of clean energy. Over the forecast period, solar power and wind energy are expected to become increasingly popular sources of powering these systems.
HVAC as a Service is expected to emerge as a lucrative business opportunity for major market players in the region. This can facilitate regular maintenance and repairs of heat pumps and other HVAC systems installed within buildings, thereby ensuring their effective functioning. Businesses can significantly benefit from the stable source of revenue generated from the subscription-based business service. This is expected to drive the Asia Pacific HVAC market growth.
Asia Pacific HVAC Industry Segmentation
Asia Pacific HVAC Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Equipment
- Heating
- Heat Pumps
- Furnaces
- Unitary Heaters
- Ventilation
- Air-Handling Units
- Air Filters and Purifiers
- Ventilation Fans
- Dehumidifiers and Humidifiers
- Others
- Cooling
- Unitary Air Conditioners
- VRF Systems
- Chillers
- Coolers
- Cooling Towers
- Others
Market Breakup by Implementation Type
- New Constructions
- Retrofits
Market Breakup by End Use
- Residential
- Commercial
- Industrial
Market Breakup by Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
Asia Pacific HVAC Market Share
Based on country, the market is divided into China, Japan, India, ASEAN, and Australia, among others. Over the forecast period, India is expected to lead the demand for HVAC systems, as rising temperatures necessitate the demand for energy-efficient cooling systems among India’s middle-class households.
Leading Companies in the Asia Pacific HVAC Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- LG Corp.
- Robert Bosch GmbH
- Hitachi Ltd.
- Samsung Electronics Co. Ltd.
- Haier Smart Home Co. Ltd.
- Mitsubishi Electric Corporation
- Panasonic Holdings Corp.
- Daikin Industries Ltd.
- Lennox International Inc.
- Carrier Global Corp.
- Danfoss A/S
- Others
Major market players are manufacturing HVAC systems equipped with remote control features and smart sensors that reduce electricity bills and ensure high performance.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Equipment |
|
| Breakup by Implementation Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global HVAC Market Overview
8.1 Key Industry Highlights
8.2 Global HVAC Historical Market (2018-2023)
8.3 Global HVAC Market Forecast (2024-2032)
8.4 Global HVAC Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific HVAC Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific HVAC Historical Market (2018-2023)
9.3 Asia Pacific HVAC Market Forecast (2024-2032)
10 Asia Pacific HVAC Market by Equipment
10.1 Heating
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Heat Pumps
10.1.3.2 Furnaces
10.1.3.3 Unitary Heaters
10.2 Ventilation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Market by Type
10.2.3.1 Air-Handling Units
10.2.3.2 Air Filters and Purifiers
10.2.3.3 Ventilation Fans
10.2.3.4 Dehumidifiers and Humidifiers
10.2.3.5 Others
10.3 Cooling
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Unitary Air Conditioners
10.3.3.2 VRF Systems
10.3.3.3 Chillers
10.3.3.4 Coolers
10.3.3.5 Cooling Towers
10.3.3.6 Others
11 Asia Pacific HVAC Market by Implementation Type
11.1 New Constructions
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Retrofits
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Asia Pacific HVAC Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Industrial
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Asia Pacific HVAC Market by Country
13.1 China
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Japan
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 ASEAN
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 8415, 841861)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 LG Corp.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Robert Bosch GmbH
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Hitachi Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Samsung Electronics Co. Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Haier Smart Home Co. Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Mitsubishi Electric Corporation
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Panasonic Holdings Corp.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Daikin Industries Ltd.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Lennox International Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Carrier Global Corp.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Danfoss A/S
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global HVAC Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific HVAC Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific HVAC Historical Market: Breakup by Equipment (USD Million), 2018-2023
4. Asia Pacific HVAC Market Forecast: Breakup by Equipment (USD Million), 2024-2032
5. Asia Pacific HVAC Historical Market: Breakup by Implementation Type (USD Million), 2018-2023
6. Asia Pacific HVAC Market Forecast: Breakup by Implementation Type (USD Million), 2024-2032
7. Asia Pacific HVAC Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Asia Pacific HVAC Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Asia Pacific HVAC Historical Market: Breakup by Country (USD Million), 2018-2023
10. Asia Pacific HVAC Market Forecast: Breakup by Country (USD Million), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. Asia Pacific HVAC Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The different end uses of HVAC in the market include residential, commercial, and industrial.
The different implementation types of HVAC include new constructions and retrofits.
The different HVAC types considered in the market report are heating, ventilation, and cooling.
The major countries in the market include China, Japan, India, ASEAN, and Australia, among others.
The key market players are LG Corp., Robert Bosch GmbH, Hitachi Ltd., Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Mitsubishi Electric Corporation, Panasonic Holdings Corp., Daikin Industries Ltd., Lennox International Inc., Carrier Global Corp., and Danfoss A/S, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER