Press release
Segmentation, Major Trends, and Competitive Analysis of the HVAC System Market
HVAC System
Projected Growth and Market Size of the HVAC System Market by 2029
The HVAC system market is anticipated to grow robustly, reaching a valuation of $244.28 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. This expansion is supported by factors such as the globalization of markets, increasing emphasis on net-zero buildings, progress in refrigerant technologies, and the integration of renewable energy sources. Additionally, building codes are evolving to address climate resilience, further propelling market demand. Key trends influencing this growth include the rise of smart HVAC technologies, incorporation of artificial intelligence (AI), adoption of variable refrigerant flow (VRF) systems, hybrid and integrated HVAC solutions, remote monitoring capabilities, and a growing shift towards electrification and heat pump usage.
Download a free sample of the hvac system market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8044&type=smp
Leading Companies Driving the HVAC System Industry Forward
Several prominent organizations dominate the HVAC system landscape, including Daikin Industries Ltd., Johnson Controls International, Carrier Global Corporation, Trane Technologies PLC, LG Electronics, and AAON Heating and Cooling Products. Other influential players include Addison HVAC, Allied Commercial, Danfoss AS, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corporation, Nortek Air Management, Samsung Group, Midea Group, Electrolux AB, Toshiba Corporation, York International Corporation, Nortek Global HVAC, Rheem Manufacturing Company, Goodman Manufacturing Company, Lennox International Inc., SPX Corporation, Standex International Corporation, CSW Industrials Inc., EMCOR Group Inc., Ingersoll-Rand plc (Ireland), and Watts Water Technologies Inc.
Strategic Moves Expanding Market Reach
In May 2023, Daikin Applied, a US-based HVAC solutions provider, acquired Carroll Air Systems in an undisclosed deal. This acquisition is expected to broaden Daikin Applied's product portfolio and enhance its position in the HVAC market. Carroll Air Systems specializes in delivering heating, ventilation, and air conditioning services primarily for commercial, industrial, and institutional clients across the United States.
View the full hvac system market report:
https://www.thebusinessresearchcompany.com/report/hvac-system-global-market-report
Green Technologies and Smart HVAC Innovations Shaping the Market
Sustainable and intelligent technologies are becoming increasingly important in the HVAC system market. Leading companies are focusing heavily on incorporating Internet of Things (IoT) capabilities and machine learning to develop innovative HVAC solutions. These advancements promote healthier living environments while supporting eco-friendly construction, renovation, and operation of buildings.
For example, in February 2024, India-based multinational Voltas Limited introduced a new line of commercial air conditioning products at ACREX India 2024. Featuring inverter scroll chillers with cooling capacities ranging from 12 to 72 TR, these units are built with advanced refrigerants, IoT connectivity, building management system (BMS) compatibility, and mobile app control. Designed for silent operation and energy efficiency, this product suite emphasizes the company's dedication to blending cutting-edge technology with sustainable solutions in commercial HVAC applications.
Key Segments Covered in the HVAC System Market Report
This report provides detailed segmentation of the electric vehicle charger market, which ties into the HVAC industry's broader focus on electrification and smart infrastructure. The segments include:
1) Vehicle Type-Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV).
2) Charging Type-On-Board Chargers and Off-Board Chargers.
3) End-User-Residential and Commercial applications.
Further subcategories break down as follows:
- For Battery Electric Vehicles (BEV): Residential Charging Stations, Public Fast Charging Stations, and Ultra-Fast Charging Stations.
- For Plug-in Hybrid Electric Vehicles (PHEV): Level 1 Chargers, Level 2 Chargers, and Fast Chargers.
- For Hybrid Electric Vehicles (HEV): Level 1 Chargers and Specialized Charging Stations designed specifically for HEVs.
This segmentation highlights the diverse and evolving landscape of charging infrastructure, which is closely linked to the HVAC market's ongoing transformation toward smarter, cleaner technologies.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Segmentation, Major Trends, and Competitive Analysis of the HVAC System Market here
News-ID: 4323677 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for HVAC
New Era Plumbing & HVAC Puts Comfort First with Expert HVAC Installations
Image: https://www.globalnewslines.com/uploads/2026/02/1770808158.jpg
Dracut, MA - New Era Plumbing & HVAC continues to set the standard for HVAC services in Dracut, MA, and surrounding areas by delivering top-quality HVAC installation services designed for long-term comfort and energy efficiency. With a focus on both residential and light commercial projects, the company has become a trusted choice for property owners seeking reliable, professional HVAC solutions.
Tailored Solutions for Every Home and Business
Specializing in central air…
HVAC Expert Kelsey Neff Shares Seasonal HVAC Preparation Advice
Image: https://www.abnewswire.com/upload/2025/11/06e8cc2e263424bdef2b5fa1c383d242.jpg
Milwaukee, WI - TopFurnaceGuide.com, a leading online resource for homeowners seeking trusted heating and furnace information, today announced the release of new seasonal HVAC preparation tips from longtime HVAC professional and author Kelsey Neff.
Neff, who has more than 20 years of experience in gas furnace sales, service, and residential HVAC troubleshooting, is the primary writer behind Top Furnace Guide's rapidly growing library of expert how-to guides, maintenance checklists, furnace…
HVAC Repair Near Me: A Comprehensive Guide to Quality HVAC Services
Having a reliable HVAC system is essential for maintaining comfort in your home, especially during extreme weather. From routine maintenance to emergency repairs, knowing where to find HVAC repair near me ensures your system operates efficiently year-round. In this guide, we'll explore various HVAC services near me [http://fosterpandh.com/], their importance, and how Foster Plumbing & Heating can address your needs.
Why HVAC Systems Are CrucialThe Role of HVAC in Your Home
HVAC…
The HVAC Pump Market: Unlocking Efficiency of The Heart of HVAC Systems
When it comes to maintaining comfortable temperatures in our homes, offices, and industrial spaces, we often take it for granted that our heating, ventilation, and air conditioning (HVAC) systems work seamlessly in the background. But behind the scenes, there's a critical component that plays a pivotal role in ensuring our spaces are cool in the summer, warm in the winter, and well-ventilated year-round - the HVAC pump.
The Workhorse of HVAC…
"Driving the HVAC Industry: Exploring the Growing Market of HVAC Actuators"
HVAC actuators are crucial components of heating, ventilation, and air conditioning (HVAC) systems. They control the movement and position of various HVAC components, such as dampers, valves, and diffusers, to maintain the desired temperature and air quality in a building.
The global hvac actuators market size was valued at $3.9 billion in 2021, and is projected to reach $6.2 billion by 2031, growing at a CAGR of 4.6% from…
EDS's All-New HVAC Software Puts a Twist in the HVAC Industry
It's an expensive deal to keep a home warm, cool, and power rightly all the time. And it is a tedious job for the HVAC equipment providers to provide the right-sized HVAC solution without accurate heat or cooling load calculation. To address the challenges of the HVAC service providers, today, Energy Design Systems (EDS), a pioneered HVAC engineering solutions provider, has introduced EDS - a powerful HVAC software.
Today, Energy…
