Commercial HVAC Market Research Report and Growth Analysis 2023 by Heating Type (Heat Pump, Furnaces, Boilers and Unitary Heaters), by Ventilation Type (Humidifiers, Dehumidifiers, Air Purifiers, Ventilation Fans and Air Handling Units), by Cooling Equipment (Room Air Conditioners, Unitary Air Conditioners, Chiller, Coolers, Cooling Towers and VRF System), by Implementation Type (New Construction and Retrofit) and by Application (Large and Small Offices, Hospitals, Shopping Malls, Restaurants and others) and by Region – Forecast 2030
Commercial HVAC Market Insights
The global Commercial HVAC Market is estimated to be worth USD 221 Billion by 2030, registering a 6.8% CAGR during the forecast period (2022- 2030).
A commercial HVAC system is applied to regulate the temperature of a building’s interior. It besides add support in the filtration and cleaning of indoor air to maintain humidity levels. When assimilated into domestic HVAC systems, commercial HVAC systems are bigger. Thermostats, dampers, condenser fans, compressors, evaporators and blowers are all part of a commercial HVAC system. Commercial HVAC systems are separated into three categories single- split systems, multi-split systems and VRF and VRV systems. For buildings with small offices, server rooms, stores, and restaurants, a single split system is an affordable and suitable system. The uprising number of data centers and the rising necessity for HVAC systems to reduce energy usage and government tax and rebate programs are all thrusting the global market forward. Moreover, factors like urbanization and growing disposable per capita income are driving the worldwide market forward.
Factors like as augmenting global warming, the want for comfort, and uprising disposable income are evaluated to accelerate market growth. Also, with the technological elevations, the manufacturers of HVAC systems are enhancing the functionality of the systems that improve the comfort level of the consumer, and this attribute is anticipated to drive the growth of the HVAC Equipment Market.
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CAGR |
6.86% CAGR (2022-2030) |
Base Year |
2021 |
Forecast Period |
2022 to 2030 |
Historical Data |
2019 & 2020 |
Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Heating Type, Ventilation Type, Cooling Equipment, Implementation Type, Application |
Geographies Covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Commercial HVAC Market Regional Analysis
The global Commercial HVAC Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
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Commercial HVAC Market Segmentation
The global Commercial HVAC Market is divided into the following types;
By Heating Type
By Ventilation Type
By Cooling Equipment
By Implementation Type
By Application
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Commercial HVAC Market Key Players
The global Commercial HVAC Market’s prominent key players are,
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