GITNUX MARKETDATA REPORT 2024

Equipment For Hvac Industry Statistics

Equipment for the HVAC industry statistics provide insights into sales, market trends, and demand for heating, ventilation, and air conditioning products.

With sources from: energy.gov, polarismarketresearch.com, grandviewresearch.com, mordorintelligence.com and many more

Statistic 1

It's projected that the global HVAC systems market size will reach $241.8 billion by 2025.

Statistic 2

The demand for HVAC systems in the Asia Pacific region is projected to grow at the fastest CAGR of 5.9% from 2020 to 2027.

Statistic 3

North America's HVAC market is expected to grow at a CAGR of 3.1% between 2020 and 2027.

Statistic 4

There's an expected growth of HVAC services market reaching $32.5 billion by 2025.

Statistic 5

The incorporation of IoT in the HVAC equipment can increase energy efficiency by 10% to 25%.

Statistic 6

A 3% increase in energy efficiency could result in a 7.5% decrease in greenhouse gas emissions.

Statistic 7

New energy-efficient HVAC systems can lower energy bill up to 20%.

Statistic 8

The total market of HVACR equipment in the U.S. is valued at approximately $15 billion annually.

Statistic 9

The global HVAC equipment market size accounted for $125.22 billion in 2019, and is expected to reach $191.83 billion by 2027.

Statistic 10

The global commercial HVAC equipment market size was valued at $92.80 billion in 2020.

Statistic 11

The demand for HVAC units worldwide was 137.8 million units in 2020.

Statistic 12

The overall HVAC systems market in China accounted for nearly $20.2 billion in 2018, making China one of the largest HVAC markets worldwide.

Statistic 13

The HVAC equipment market is projected to grow over 7% between 2021 and 2028.

Statistic 14

HVAC equipment can be responsible for approximately 40% of a building's total energy consumption.

Statistic 15

Internet of Things (IoT) in HVAC systems market is predicted to grow at an annual rate of 16.1% from 2021 to 2026.

Statistic 16

The global HVAC services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.1% between 2021 and 2026.

Statistic 17

Around 9% of HVAC equipment failures are due to improper installation.

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In this post, we present an overview of key statistics shaping the HVAC industry, shedding light on the market size projections, growth trends, energy efficiency impacts, and market values of HVAC equipment and services globally and in specific regions. These statistics provide valuable insights into the current landscape and future prospects of the HVAC industry, highlighting the significant role this sector plays in building energy efficiency and environmental sustainability.

Statistic 1

"It's projected that the global HVAC systems market size will reach $241.8 billion by 2025."

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Statistic 2

"The demand for HVAC systems in the Asia Pacific region is projected to grow at the fastest CAGR of 5.9% from 2020 to 2027."

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Statistic 3

"North America's HVAC market is expected to grow at a CAGR of 3.1% between 2020 and 2027."

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Statistic 4

"There's an expected growth of HVAC services market reaching $32.5 billion by 2025."

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Statistic 5

"The incorporation of IoT in the HVAC equipment can increase energy efficiency by 10% to 25%."

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Statistic 6

"A 3% increase in energy efficiency could result in a 7.5% decrease in greenhouse gas emissions."

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Statistic 7

"New energy-efficient HVAC systems can lower energy bill up to 20%."

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Statistic 8

"The total market of HVACR equipment in the U.S. is valued at approximately $15 billion annually."

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Statistic 9

"The global HVAC equipment market size accounted for $125.22 billion in 2019, and is expected to reach $191.83 billion by 2027."

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Statistic 10

"The global commercial HVAC equipment market size was valued at $92.80 billion in 2020."

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Statistic 11

"The demand for HVAC units worldwide was 137.8 million units in 2020."

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Statistic 12

"The overall HVAC systems market in China accounted for nearly $20.2 billion in 2018, making China one of the largest HVAC markets worldwide."

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Statistic 13

"The HVAC equipment market is projected to grow over 7% between 2021 and 2028."

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Statistic 14

"HVAC equipment can be responsible for approximately 40% of a building's total energy consumption."

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Statistic 15

"Internet of Things (IoT) in HVAC systems market is predicted to grow at an annual rate of 16.1% from 2021 to 2026."

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Statistic 16

"The global HVAC services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.1% between 2021 and 2026."

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Statistic 17

"Around 9% of HVAC equipment failures are due to improper installation."

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Interpretation

The statistics indicate a significant and steady growth trend in the global HVAC industry, with a projected increase in market size, demand, and adoption of energy-efficient technologies. The Asia Pacific region is positioned as a key growth area, while North America shows a promising CAGR as well. The incorporation of IoT technology not only enhances energy efficiency but also contributes to reducing greenhouse gas emissions. With the continuous development in HVAC equipment and services markets, there is a clear opportunity for innovation and improvement in energy conservation and cost reduction for both commercial and residential buildings.

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