The Latin America, Middle East and Africa HVAC Systems Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027).
Factors like the high requirement for comfort, surge in disposable income, and the growing global warming are expected to fuel the demand for HVAC systems across sectors like commercial, real estate, and service industries. One of the major consumers of HVAC systems is the real estate industry. Retail, hospitality, and commercial are the four subcategories of this sector. The development of the real estate sector is rising due to the surge in demand for office space, urban & sub-urban accommodations, and the development of the corporate sector, eventually boosting the demand for the HVAC systems market.
The region is home to many underdeveloped as well as developing countries. Population in these countries usually has low disposable income due to which they are less inclined towards the adoption of HVAC systems. However, the region is witnessing a rising trend of electric vehicles which is expected to boost the demand for these systems in the upcoming years.
Moreover, demand for zero-emission vehicles is boosting with an aim to address the issue of a deteriorating environment, thereby creating a positive outlook for the growth of the HVAC systems market in the upcoming years. Therefore, the demand for HVAC systems is expected to grow in this region on the basis of the above-mentioned factors in the upcoming years.
The Residential market dominated the Saudi Arabia HVAC Systems Market by End User 2020, thereby, achieving a market value of $812.6 million by 2027. The Commercial market is estimated to grow at a CAGR of 7.6% during (2021 - 2027). The Industrial market is expected to witness a CAGR of 9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global HVAC Systems Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA HVAC Systems Market, by Product
1.4.2 LAMEA HVAC Systems Market, by End User
1.4.3 LAMEA 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. LAMEA HVAC Systems Market by Product
4.1 LAMEA HVAC Systems Cooling Market by Country
4.2 LAMEA HVAC Systems Heating Market by Country
4.3 LAMEA HVAC Systems Ventilation Market by Country
Chapter 5. LAMEA HVAC Systems Market by End User
5.1 LAMEA Residential HVAC Systems Market by Country
5.2 LAMEA Commercial HVAC Systems Market by Country
5.3 LAMEA Industrial HVAC Systems Market by Country
Chapter 6. LAMEA HVAC Systems Market by Country
6.1 Brazil HVAC Systems Market
6.1.1 Brazil HVAC Systems Market by Product
6.1.2 Brazil HVAC Systems Market by End User
6.2 Argentina HVAC Systems Market
6.2.1 Argentina HVAC Systems Market by Product
6.2.2 Argentina HVAC Systems Market by End User
6.3 UAE HVAC Systems Market
6.3.1 UAE HVAC Systems Market by Product
6.3.2 UAE HVAC Systems Market by End User
6.4 Saudi Arabia HVAC Systems Market
6.4.1 Saudi Arabia HVAC Systems Market by Product
6.4.2 Saudi Arabia HVAC Systems Market by End User
6.5 South Africa HVAC Systems Market
6.5.1 South Africa HVAC Systems Market by Product
6.5.2 South Africa HVAC Systems Market by End User
6.6 Nigeria HVAC Systems Market
6.6.1 Nigeria HVAC Systems Market by Product
6.6.2 Nigeria HVAC Systems Market by End User
6.7 Rest of LAMEA HVAC Systems Market
6.7.1 Rest of LAMEA HVAC Systems Market by Product
6.7.2 Rest of LAMEA 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 LAMEA HVAC Systems Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 7 LAMEA HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 8 LAMEA HVAC Systems Cooling Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA HVAC Systems Cooling Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA HVAC Systems Heating Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA HVAC Systems Heating Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA HVAC Systems Ventilation Market by Country, 2017 - 2020, USD Million
TABLE 13 LAMEA HVAC Systems Ventilation Market by Country, 2021 - 2027, USD Million
TABLE 14 LAMEA HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 15 LAMEA HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 16 LAMEA Residential HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Residential HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Commercial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Commercial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Industrial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Industrial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 24 Brazil HVAC Systems Market, 2017 - 2020, USD Million
TABLE 25 Brazil HVAC Systems Market, 2021 - 2027, USD Million
TABLE 26 Brazil HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 27 Brazil HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 28 Brazil HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 29 Brazil HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 30 Argentina HVAC Systems Market, 2017 - 2020, USD Million
TABLE 31 Argentina HVAC Systems Market, 2021 - 2027, USD Million
TABLE 32 Argentina HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 33 Argentina HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 34 Argentina HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 35 Argentina HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 36 UAE HVAC Systems Market, 2017 - 2020, USD Million
TABLE 37 UAE HVAC Systems Market, 2021 - 2027, USD Million
TABLE 38 UAE HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 39 UAE HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 40 UAE HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 41 UAE HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 42 Saudi Arabia HVAC Systems Market, 2017 - 2020, USD Million
TABLE 43 Saudi Arabia HVAC Systems Market, 2021 - 2027, USD Million
TABLE 44 Saudi Arabia HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 45 Saudi Arabia HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 46 Saudi Arabia HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 47 Saudi Arabia HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 48 South Africa HVAC Systems Market, 2017 - 2020, USD Million
TABLE 49 South Africa HVAC Systems Market, 2021 - 2027, USD Million
TABLE 50 South Africa HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 51 South Africa HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 52 South Africa HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 53 South Africa HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 54 Nigeria HVAC Systems Market, 2017 - 2020, USD Million
TABLE 55 Nigeria HVAC Systems Market, 2021 - 2027, USD Million
TABLE 56 Nigeria HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 57 Nigeria HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 58 Nigeria HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 59 Nigeria HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 60 Rest of LAMEA HVAC Systems Market, 2017 - 2020, USD Million
TABLE 61 Rest of LAMEA HVAC Systems Market, 2021 - 2027, USD Million
TABLE 62 Rest of LAMEA HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 63 Rest of LAMEA HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 64 Rest of LAMEA HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 65 Rest of LAMEA 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.