The Asia Pacific HVAC Systems Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).
The constant upsurge in the adoption of heating & cooling equipment is due to climate change. Numerous customers are adopting HVAC equipment as a useful investment because of the unpredictable climatic conditions and increasing temperatures. In addition, HVAC systems increase the aesthetic value of commercial as well as residential places. Organizations offer products that are attractive and providing options of choosing from various designs. The demand for the product is expected to be fueled by the emergence of advanced designs and the shifting preferences of customers.
The growth of this region would be fueled by the existence of companies in providing low-cost equipment in China and neighbouring nations. The fast urbanization in emerging countries like India, Japan, and China is encouraging the consumers towards adopting more lavish lifestyles, hence augmenting the demand for HVAC systems in these countries. The surge in the number of partnerships between regulatory bodies and companies in the market in order to increase awareness regarding the star-labeled HVAC units would create new growth avenues for the regional HVAC systems market during the forecast period.
Moreover, several governments across this region introduced supportive initiatives and programs in order to support the usage of sophisticated energy-efficient units in new building structures, hence will boost the growth of the market. Therefore, these aspects are expected to create a positive outlook for the growth of the regional HVAC systems market in the upcoming years.
The Cooling market dominated the Malaysia HVAC Systems Market by Product 2020, thereby, achieving a market value of $2,617.2 million by 2027. The Heating market is showcasing a CAGR of 9.8% during (2021 - 2027). Additionally, The Ventilation market is estimated to grow at the highest CAGR of 10.8% during (2021 - 2027).
Based on Product, the market is segmented into Cooling, Heating and Ventilation. Based on End User, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide HVAC Systems Market is Projected to reach USD 191.1 Billion by 2027, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Johnson Controls International PLC, Hitachi, Ltd., Emerson Electric Co., Mitsubishi Electric Corporation, Trane Technologies PLC, Samsung Electronics Co., Ltd., Daikin Industries, Ltd., LG Electronics, Inc. and Lennox International, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Cooling
- Heating
- Ventilation
By End User
- Residential
- Commercial
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Carrier Global Corporation,
- Johnson Controls International PLC,
- Hitachi, Ltd.,
- Emerson Electric Co.,
- Mitsubishi Electric Corporation,
- Trane Technologies PLC,
- Samsung Electronics Co., Ltd.,
- Daikin Industries, Ltd.,
- LG Electronics, Inc.
- Lennox International, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific HVAC Systems Market, by Product
1.4.2 Asia Pacific HVAC Systems Market, by End User
1.4.3 Asia Pacific HVAC Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Feb – 2021, Aug) Leading Players
Chapter 4. Asia Pacific HVAC Systems Market by Product
4.1 Asia Pacific HVAC Systems Cooling Market by Country
4.2 Asia Pacific HVAC Systems Heating Market by Country
4.3 Asia Pacific HVAC Systems Ventilation Market by Country
Chapter 5. Asia Pacific HVAC Systems Market by End User
5.1 Asia Pacific Residential HVAC Systems Market by Country
5.2 Asia Pacific Commercial HVAC Systems Market by Country
5.3 Asia Pacific Industrial HVAC Systems Market by Country
Chapter 6. Asia Pacific HVAC Systems Market by Country
6.1 China HVAC Systems Market
6.1.1 China HVAC Systems Market by Product
6.1.2 China HVAC Systems Market by End User
6.2 Japan HVAC Systems Market
6.2.1 Japan HVAC Systems Market by Product
6.2.2 Japan HVAC Systems Market by End User
6.3 India HVAC Systems Market
6.3.1 India HVAC Systems Market by Product
6.3.2 India HVAC Systems Market by End User
6.4 South Korea HVAC Systems Market
6.4.1 South Korea HVAC Systems Market by Product
6.4.2 South Korea HVAC Systems Market by End User
6.5 Singapore HVAC Systems Market
6.5.1 Singapore HVAC Systems Market by Product
6.5.2 Singapore HVAC Systems Market by End User
6.6 Malaysia HVAC Systems Market
6.6.1 Malaysia HVAC Systems Market by Product
6.6.2 Malaysia HVAC Systems Market by End User
6.7 Rest of Asia Pacific HVAC Systems Market
6.7.1 Rest of Asia Pacific HVAC Systems Market by Product
6.7.2 Rest of Asia Pacific HVAC Systems Market by End User
Chapter 7. Company Profiles
7.1 Carrier Global Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisitions and Mergers:
7.1.5.3 Product Launches and Product Expansions:
7.2 Johnson Controls International PLC
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent Strategies and Developments:
7.2.5.1 Acquisitions and Mergers:
7.3 Hitachi, Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent Strategies and Developments:
7.3.5.1 Product Launches and Product Expansions:
7.4 Emerson Electric Co.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent Strategies and Developments:
7.4.5.1 Acquisitions and Mergers:
7.4.5.2 Product Launches and Product Expansions:
7.5 Mitsubishi Electric Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent Strategies and Developments:
7.5.5.1 Acquisitions and Mergers:
7.5.6 SWOT Analysis
7.6 Trane Technologies PLC
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent Strategies and Developments:
7.6.5.1 Product Launches and Product Expansions:
7.7 Samsung Electronics Co., Ltd. (Samsung Group)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent Strategies and Developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.7.6 SWOT Analysis
7.8 Daikin Industries, Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional & Segmental Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent Strategies and Developments:
7.8.5.1 Acquisitions and Mergers:
7.8.5.2 Product Launches and Product Expansions:
7.8.6 SWOT Analysis
7.9 LG Electronics, Inc. (LG Corporation)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional & Segmental Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent Strategies and Developments:
7.9.5.1 Product Launches and Product Expansions:
7.10. Lennox International, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent Strategies and Developments:
7.10.5.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific HVAC Systems Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific HVAC Systems Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– HVAC Systems Market
TABLE 4 Product Launches And Product Expansions– HVAC Systems Market
TABLE 5 Acquisition and Mergers– HVAC Systems Market
TABLE 6 Asia Pacific HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 7 Asia Pacific HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 8 Asia Pacific HVAC Systems Cooling Market by Country, 2017 - 2020, USD Million
TABLE 9 Asia Pacific HVAC Systems Cooling Market by Country, 2021 - 2027, USD Million
TABLE 10 Asia Pacific HVAC Systems Heating Market by Country, 2017 - 2020, USD Million
TABLE 11 Asia Pacific HVAC Systems Heating Market by Country, 2021 - 2027, USD Million
TABLE 12 Asia Pacific HVAC Systems Ventilation Market by Country, 2017 - 2020, USD Million
TABLE 13 Asia Pacific HVAC Systems Ventilation Market by Country, 2021 - 2027, USD Million
TABLE 14 Asia Pacific HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 15 Asia Pacific HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 16 Asia Pacific Residential HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 17 Asia Pacific Residential HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 18 Asia Pacific Commercial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 19 Asia Pacific Commercial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 20 Asia Pacific Industrial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 21 Asia Pacific Industrial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 22 Asia Pacific HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 23 Asia Pacific HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 24 China HVAC Systems Market, 2017 - 2020, USD Million
TABLE 25 China HVAC Systems Market, 2021 - 2027, USD Million
TABLE 26 China HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 27 China HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 28 China HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 29 China HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 30 Japan HVAC Systems Market, 2017 - 2020, USD Million
TABLE 31 Japan HVAC Systems Market, 2021 - 2027, USD Million
TABLE 32 Japan HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 33 Japan HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 34 Japan HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 35 Japan HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 36 India HVAC Systems Market, 2017 - 2020, USD Million
TABLE 37 India HVAC Systems Market, 2021 - 2027, USD Million
TABLE 38 India HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 39 India HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 40 India HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 41 India HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 42 South Korea HVAC Systems Market, 2017 - 2020, USD Million
TABLE 43 South Korea HVAC Systems Market, 2021 - 2027, USD Million
TABLE 44 South Korea HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 45 South Korea HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 46 South Korea HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 47 South Korea HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 48 Singapore HVAC Systems Market, 2017 - 2020, USD Million
TABLE 49 Singapore HVAC Systems Market, 2021 - 2027, USD Million
TABLE 50 Singapore HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 51 Singapore HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 52 Singapore HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 53 Singapore HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 54 Malaysia HVAC Systems Market, 2017 - 2020, USD Million
TABLE 55 Malaysia HVAC Systems Market, 2021 - 2027, USD Million
TABLE 56 Malaysia HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 57 Malaysia HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 58 Malaysia HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 59 Malaysia HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 60 Rest of Asia Pacific HVAC Systems Market, 2017 - 2020, USD Million
TABLE 61 Rest of Asia Pacific HVAC Systems Market, 2021 - 2027, USD Million
TABLE 62 Rest of Asia Pacific HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 63 Rest of Asia Pacific HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 64 Rest of Asia Pacific HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 65 Rest of Asia Pacific HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 66 Key Information – Carrier Global Corporation
TABLE 67 Key Information – Johnson Controls International PLC
TABLE 68 Key Information – Hitachi, Ltd.
TABLE 69 Key Information – Emerson Electric Co.
TABLE 70 key information – Mitsubishi Electric Corporation
TABLE 71 Key Information – Trane Technologies PLC
TABLE 72 Key Information –Samsung Electronics Co., Ltd.
TABLE 73 Key information – Daikin Industries, Ltd.
TABLE 74 Key information – LG Electronics, Inc.
TABLE 75 Key information – Lennox International, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Feb – 2021, Aug) Leading Players
FIG 5 Recent Strategies and Developments: Carrier Global Corporation
FIG 6 SWOT Analysis: Mitsubishi Electric Corporation
FIG 7 Recent Strategies and Developments: Samsung Electronics Co., Ltd.
FIG 8 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 9 Recent Strategies and Developments: Daikin Industries Ltd.
FIG 10 SWOT Analysis: Daikin Industries Ltd.