HVAC 장비 시장 : 점유율 분석, 산업 동향, 통계, 성장 예측(2025-2030년)

The HVAC equipment market is currently valued at USD 100.33 billion, and forecasts show it climbing to USD 148.1 billion by 2030 on an 8.1% CAGR.

Growth momentum rests on tightening energy-efficiency rules, the pivot to low-GWP refrigerants and digital-control upgrades that lift both operating performance and end-user value. Demand is broad-based: heat-pump incentives in Europe and North America are reshaping heating portfolios, data-center build-outs are straining traditional cooling designs and urbanization in Asia keeps room-air-conditioner volumes rising. Consolidation among tier-one vendors is accelerating as OEMs race to lock in software talent and cold-climate heat-pump IP, while regional specialists are moving into unserved niches such as solar-hybrid systems for remote sites. Short-term supply frictions tied to the January 2025 refrigerant deadline are likely to ease by 2027, setting a clearer runway for premium electrification solutions.

Global HVAC Equipment Market Trends and Insights

Stringent Building-Energy Codes in Europe Accelerating Heat-Pump Adoption

Europe's near-zero-energy-building mandate moved heat-pump installations 38% higher in 2024 versus 2022, pushing penetration in new builds to half of all units sold across the bloc. Nordic countries now deploy heat pumps in more than 60% of new homes, and large-capacity variants are entering commercial retrofits, creating a durable pull for cold-climate technology providers

Surge in Data-Center Construction in Nordics and FLAP-D Elevating Precision-Cooling Demand

Rack densities topping 30 kW, a 35% annual leap in cooling capacity and 65% growth in Swedish-Norwegian build-starts are fuelling liquid-cooling adoption. Johnson Controls notes that data-center projects now generate 18% of its commercial HVAC revenue, up from 12% a year earlier.

Talent Shortage of Certified HVAC Technicians in Mature Markets

Industrywide redesign outlays now exceed USD 10 billion and have lifted average system prices 8-12%, a short-lived drag until economies of scale improve after 2026

Other drivers and restraints analyzed in the detailed report include:

1. Rapid Uptake of VRF Systems in High-Rise Asian Residential Complexes
2. Inflation Reduction Act Tax Credits Catalyzing Early Furnace-Replacement Cycles
3. High Up-Front Cost of Low-GWP Refrigerant Transition for OEMs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Air-conditioning units contributed 46.1% to the HVAC equipment market in 2024 as rising temperatures and urban middle-class growth kept demand resilient. Residential room air conditioners in China reached 73% penetration that year [cheaa.org]. Ductless mini-splits advanced 18% annually in North America, where homeowners want zonal comfort without duct retrofits.

VRF remains the fastest-growing sub-segment, expanding at a 12.7% CAGR through 2030. Hospitals, hotels and mixed-use towers prize its simultaneous heating-cooling flexibility. Mitsubishi Electric recorded a 32% jump in global VRF installations in 2024

Retrofit and replacement activity represented 63.4% of the HVAC equipment market size in 2024, largely because systems commissioned during the 2005-2010 boom have reached end of life. Harvard research shows U.S. household HVAC replacements rose 14% in 2024 as owners chased lower utility bills.

New construction, although smaller, is forecast to climb 9.4% annually. Stricter 2023 U.S. energy-code updates lifted minimum efficiency thresholds 15%, prompting builders to specify premium packages. Performance-based retrofits continue to gain ground, with Johnson Controls indicating such contracts account for 32% of its retrofit backlog

HVAC Equipment Market Report Segments the Industry by Equipment Type (Boilers and Furnaces, Heat Pumps and More), Installation Type (New Construction, Retrofit / Replacement and More), End User (Residential, Commercial and More), Building Type (Office Buildings, Healthcare Facilities and More), and Geography (United States, China and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Geography Analysis

Asia-Pacific controlled 34.9% of the HVAC equipment market in 2024, driven by urban construction and middle-income expansion. China alone made up 42% of regional value, though its annual growth cooled to 6.8% as real-estate activity stabilized [daikin.com]. Japan and Korea favor high-spec VRF and air-purification models, while Vietnam and Indonesia post double-digit gains on commercial builds.

North America accounted for 28.6%, buoyed by robust replacement demand and a 32% surge in U.S. heat-pump sales following Inflation Reduction Act incentives [carrier.com]. Data-center and healthcare projects lifted commercial revenue 22%.

Europe held 24.3%; heat-pump shipments climbed 17% in 2024 despite macro headwinds. HVAC upgrades made up 38% of EU renovation-wave spending as member states schedule fossil-fuel phaseouts.

The Middle East is the fastest-growing pocket, forecast at a 10.6% CAGR, with Saudi Arabia's Vision 2030 adding large-scale district-cooling capacity and UAE developers adopting VRF at speed.

1. Daikin Industries Ltd.
2. Carrier Global Corp.
3. Trane Technologies PLC
4. Johnson Controls International PLC
5. Mitsubishi Electric Corp.
6. Lennox International Inc.
7. Rheem Manufacturing Co.
8. Midea Group
9. Gree Electric Appliances Inc.
10. NIBE Group
11. Panasonic Corp.
12. Samsung Electronics (HVAC Division)
13. LG Electronics (Air-Solution)
14. Bosch Thermotechnology
15. Vaillant Group
16. Alfa Laval AB
17. Stiebel Eltron GmbH and Co. KG
18. Systemair AB
19. Greenheck Fan Corporation
20. FlaktGroup
21. TROX GmbH
22. Swegon Group AB
23. Hitachi-Johnson Controls Air Conditioning
24. Danfoss A/S (Commercial Compressors)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Stringent Building Energy Codes in Europe Accelerating Heat-Pump Adoption
  • 4.2.2 Surge in Data-Center Construction in Nordics and FLAP-D Region Elevating Precision Cooling Demand
  • 4.2.3 Rapid Uptake of Variable-Refrigerant-Flow (VRF) Systems in High-Rise Asian Residential Complexes
  • 4.2.4 Inflation Reduction Act (U.S.) Tax Credits Catalyzing Early Furnace Replacement Cycles
  • 4.2.5 District-Heating Expansion in Eastern Europe Spurring Large-capacity Boiler Retrofits
  • 4.2.6 Solar-Hybrid HVAC Packages Gaining Traction in Off-Grid African Mining Camps
• 4.3 Market Restraints
  • 4.3.1 High Up-front Cost of Low-GWP Refrigerant Transition for OEMs
  • 4.3.2 Talent Shortage of Certified HVAC Technicians in Mature Markets
  • 4.3.3 Semiconductor Supply-Chain Volatility Constraining VRF Inverter Availability
  • 4.3.4 Stringent F-Gas Quotas in EU Increasing Compliance Burden for Importers
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory Outlook
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Key Performance Indicators

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Equipment Type
  • 5.1.1 Heating Equipment
    • 5.1.1.1 Boilers and Furnaces
    • 5.1.1.2 Heat Pumps
    • 5.1.1.3 Unitary Heaters
  • 5.1.2 Ventilation Equipment
    • 5.1.2.1 Air Handling Units
    • 5.1.2.2 Humidifiers and Dehumidifiers
    • 5.1.2.3 Air Filters
    • 5.1.2.4 Fan Coil Units
  • 5.1.3 Air-Conditioning Equipment
    • 5.1.3.1 Unitary Air Conditioners
    • 5.1.3.1.1 Ducted Splits
    • 5.1.3.1.2 Ductless Mini-Splits
    • 5.1.3.1.3 Packaged Rooftops
    • 5.1.3.1.4 Variable Refrigerant Flow (VRF) Systems
    • 5.1.3.2 Room Air Conditioners
    • 5.1.3.3 Packaged Terminal Air Conditioners
    • 5.1.3.4 Chillers
• 5.2 By Installation Type
  • 5.2.1 New Construction
  • 5.2.2 Retrofit / Replacement
• 5.3 By End User
  • 5.3.1 Residential
  • 5.3.2 Commercial
  • 5.3.3 Industrial
• 5.4 By Building Type (Commercial)
  • 5.4.1 Office Buildings
  • 5.4.2 Healthcare Facilities
  • 5.4.3 Hospitality and Leisure
  • 5.4.4 Retail Stores and Malls
  • 5.4.5 Educational Institutions
  • 5.4.6 Data Centers
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Chile
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
  • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 India
    • 5.5.4.3 Japan
    • 5.5.4.4 South Korea
    • 5.5.4.5 ASEAN
  • 5.5.5 Middle East
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 Turkey
    • 5.5.5.4 Qatar
  • 5.5.6 Africa
    • 5.5.6.1 South Africa
    • 5.5.6.2 Nigeria
    • 5.5.6.3 Egypt

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Daikin Industries Ltd.
  • 6.4.2 Carrier Global Corp.
  • 6.4.3 Trane Technologies PLC
  • 6.4.4 Johnson Controls International PLC
  • 6.4.5 Mitsubishi Electric Corp.
  • 6.4.6 Lennox International Inc.
  • 6.4.7 Rheem Manufacturing Co.
  • 6.4.8 Midea Group
  • 6.4.9 Gree Electric Appliances Inc.
  • 6.4.10 NIBE Group
  • 6.4.11 Panasonic Corp.
  • 6.4.12 Samsung Electronics (HVAC Division)
  • 6.4.13 LG Electronics (Air-Solution)
  • 6.4.14 Bosch Thermotechnology
  • 6.4.15 Vaillant Group
  • 6.4.16 Alfa Laval AB
  • 6.4.17 Stiebel Eltron GmbH and Co. KG
  • 6.4.18 Systemair AB
  • 6.4.19 Greenheck Fan Corporation
  • 6.4.20 FlaktGroup
  • 6.4.21 TROX GmbH
  • 6.4.22 Swegon Group AB
  • 6.4.23 Hitachi-Johnson Controls Air Conditioning
  • 6.4.24 Danfoss A/S (Commercial Compressors)

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-space and Unmet-Need Assessment