Commercial HVAC Market size to grow by USD 24.63 million from 2022 to 2027; Growth driven by the rising number of data centers - Technavio

NEW YORK, May 24, 2023 /PRNewswire/ -- The latest report on the commercial HVAC market, 2023-2027 estimates to register an incremental growth of by USD 24.63 million, accelerating at a CAGR of 4.43% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The establishment of data centers and the need to optimize their energy use will require efficient HVAC systems, leading to an increase in the demand for the commercial heating, ventilation, and air conditioning (HVAC) market.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request sample report 

Commercial HVAC Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Arkema Group, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu Ltd., Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MIDEA Group, Mitsubishi Electric Corp., Nortek Inc., Panasonic Holdings Corp., Rheem Manufacturing Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Trane Technologies plc, and Zhuhai Gree Electric Appliances Co. Ltd. are among some of the major market participants.

arkema.com- The company offers forane refrigerants which is designed for cooling purpose, thus mostly used in application related to automobiles, food processing, commercial refrigeration, industrial refrigeration, chillers and supermarkets.

carrier.com- The company offers weathermaker single packaged rooftop units which is designed with cooling operation to range up to 120 degrees Fahrenheit ambient and down to 35 degrees Fahrenheit ambient to meet various range of industrial applications.

daikin.com- The company offers a VRV air conditioning and heating system unit that distributes refrigerant from the outdoor unit to multiple indoor units to provide efficiency. 

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Commercial HVAC Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Commercial HVAC Market 2023-2027 Size
• Commercial HVAC Market 2023-2027 Trends
• Commercial HVAC Market 2023-2027 Industry Analysis

Market Drivers

• Rising number of data centers
• Growth in construction market
• Rising need for regulatory compliance in HVAC equipment

Market Trends

• Emerging smart and connected HVAC
• Shift toward energy-efficient buildings/green buildings
• Growing adoption of advanced refrigerants in air conditioners

Market Challenges

• High market competition
• Environmental pollution due to HVAC systems
• Stringent government regulations

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors download Sample reports

Commercial HVAC Market 2023-2027: Segmentation

Commercial HVAC Market is segmented as below:

• Application 
• Equipment
• Services
• Type 
• Heat Pump
• Furnaces
• Boilers
• Unitary Heaters
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027)  – Download a Sample Report

Commercial HVAC Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist commercial HVAC market growth during the next five years
• Estimation of the commercial HVAC market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial HVAC market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial HVAC market, vendors

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Related Reports:

Industrial HVAC Market- The industrial HVAC market is estimated to decline at a CAGR of 6.5% between 2022 and 2027. The size of the market is forecast to increase by USD 4,714.13 million. 

HVAC Sensors Market- The global HVAC sensors market size is estimated to grow at a CAGR of 5.5% between 2022 and 2027. The size of the market is forecast to increase by USD 2,498.75 million.

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global commercial HVAC market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global commercial HVAC market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Equipment - Market size and forecast 2022-2027
• Exhibit 34: Chart on Equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Equipment - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)
• Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Heat pump - Market size and forecast 2022-2027
• Exhibit 48: Chart on Heat pump - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Heat pump - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Heat pump - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Heat pump - Year-over-year growth 2022-2027 (%)

• 7.4 Furnaces - Market size and forecast 2022-2027
• Exhibit 52: Chart on Furnaces - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Furnaces - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Furnaces - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Furnaces - Year-over-year growth 2022-2027 (%)

• 7.5 Boilers - Market size and forecast 2022-2027
• Exhibit 56: Chart on Boilers - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Boilers - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Boilers - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Boilers - Year-over-year growth 2022-2027 (%)

• 7.6 Unitary heaters - Market size and forecast 2022-2027
• Exhibit 60: Chart on Unitary heaters - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Unitary heaters - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Unitary heaters - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Unitary heaters - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 64: Market opportunity by Type ($ million)
• Exhibit 65: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Arkema Group 
• Exhibit 119: Arkema Group - Overview
• Exhibit 120: Arkema Group - Business segments
• Exhibit 121: Arkema Group - Key news
• Exhibit 122: Arkema Group - Key offerings
• Exhibit 123: Arkema Group - Segment focus

• 12.4 Carrier Global Corp. 
• Exhibit 124: Carrier Global Corp. - Overview
• Exhibit 125: Carrier Global Corp. - Business segments
• Exhibit 126: Carrier Global Corp. - Key news
• Exhibit 127: Carrier Global Corp. - Key offerings
• Exhibit 128: Carrier Global Corp. - Segment focus

• 12.5 Daikin Industries Ltd. 
• Exhibit 129: Daikin Industries Ltd. - Overview
• Exhibit 130: Daikin Industries Ltd. - Business segments
• Exhibit 131: Daikin Industries Ltd. - Key news
• Exhibit 132: Daikin Industries Ltd. - Key offerings
• Exhibit 133: Daikin Industries Ltd. - Segment focus

• 12.6 Danfoss AS 
• Exhibit 134: Danfoss AS - Overview
• Exhibit 135: Danfoss AS - Business segments
• Exhibit 136: Danfoss AS - Key news
• Exhibit 137: Danfoss AS - Key offerings
• Exhibit 138: Danfoss AS - Segment focus

• 12.7 Emerson Electric Co. 
• Exhibit 139: Emerson Electric Co. - Overview
• Exhibit 140: Emerson Electric Co. - Business segments
• Exhibit 141: Emerson Electric Co. - Key news
• Exhibit 142: Emerson Electric Co. - Key offerings
• Exhibit 143: Emerson Electric Co. - Segment focus

• 12.8 Fujitsu Ltd. 
• Exhibit 144: Fujitsu Ltd. - Overview
• Exhibit 145: Fujitsu Ltd. - Business segments
• Exhibit 146: Fujitsu Ltd. - Key news
• Exhibit 147: Fujitsu Ltd. - Key offerings
• Exhibit 148: Fujitsu Ltd. - Segment focus

• 12.9 Haier Smart Home Co. Ltd. 
• Exhibit 149: Haier Smart Home Co. Ltd. - Overview
• Exhibit 150: Haier Smart Home Co. Ltd. - Business segments
• Exhibit 151: Haier Smart Home Co. Ltd. - Key offerings
• Exhibit 152: Haier Smart Home Co. Ltd. - Segment focus

• 12.10 Johnson Controls International Plc.
• Exhibit 153: Johnson Controls International Plc. - Overview
• Exhibit 154: Johnson Controls International Plc. - Business segments
• Exhibit 155: Johnson Controls International Plc. - Key news
• Exhibit 156: Johnson Controls International Plc. - Key offerings
• Exhibit 157: Johnson Controls International Plc. - Segment focus

• 12.11 Lennox International Inc. 
• Exhibit 158: Lennox International Inc. - Overview
• Exhibit 159: Lennox International Inc. - Business segments
• Exhibit 160: Lennox International Inc. - Key news
• Exhibit 161: Lennox International Inc. - Key offerings
• Exhibit 162: Lennox International Inc. - Segment focus

• 12.12 LG Electronics Inc. 
• Exhibit 163: LG Electronics Inc. - Overview
• Exhibit 164: LG Electronics Inc. - Product / Service
• Exhibit 165: LG Electronics Inc. - Key offerings

• 12.13 MIDEA Group 
• Exhibit 166: MIDEA Group - Overview
• Exhibit 167: MIDEA Group - Business segments
• Exhibit 168: MIDEA Group - Key offerings
• Exhibit 169: MIDEA Group - Segment focus

• 12.14 Panasonic Holdings Corp. 
• Exhibit 170: Panasonic Holdings Corp. - Overview
• Exhibit 171: Panasonic Holdings Corp. - Business segments
• Exhibit 172: Panasonic Holdings Corp. - Key news
• Exhibit 173: Panasonic Holdings Corp. - Key offerings
• Exhibit 174: Panasonic Holdings Corp. - Segment focus

• 12.15 Robert Bosch GmbH 
• Exhibit 175: Robert Bosch GmbH - Overview
• Exhibit 176: Robert Bosch GmbH - Business segments
• Exhibit 177: Robert Bosch GmbH - Key news
• Exhibit 178: Robert Bosch GmbH - Key offerings
• Exhibit 179: Robert Bosch GmbH - Segment focus

• 12.16 Samsung Electronics Co. Ltd. 
• Exhibit 180: Samsung Electronics Co. Ltd. - Overview
• Exhibit 181: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 182: Samsung Electronics Co. Ltd. - Key news
• Exhibit 183: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 184: Samsung Electronics Co. Ltd. - Segment focus

• 12.17 Trane Technologies plc 
• Exhibit 185: Trane Technologies plc - Overview
• Exhibit 186: Trane Technologies plc - Business segments
• Exhibit 187: Trane Technologies plc - Key offerings
• Exhibit 188: Trane Technologies plc - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 189: Inclusions checklist
• Exhibit 190: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 191: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 192: Research methodology
• Exhibit 193: Validation techniques employed for market sizing
• Exhibit 194: Information sources

• 13.5 List of abbreviations 
• Exhibit 195: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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