The North America HVAC Systems Market would witness market growth of 5.2% CAGR during the forecast period (2021-2027).
HVAC refers to Heating, Ventilation, and Air Conditioning. HVAC is defined as those systems that are utilized for moving air between indoor and outdoor areas, combined with heating and cooling both residential as well as commercial buildings. These systems help in keeping the body warm and comfortable in the winter and feeling cool & fresh in the summer. These systems can also filter and clean indoor air to keep one’s health and maintain humidity levels at ideal comfort levels.
The United States and Canada rank among the top 10 energy-consuming countries in the world, with the United States taking second place, only behind China. The growing number of activities inside the industrial domain, consisting of manufacturing units (particularly the food sector), data centers, hospitals, and other institutional & industrial units, has been propelling the demand of the market for HVAC equipment.
The existence of key makers in the region, with tailored solutions to industrial issues, has been acting as a driver for the growth of the market. For example, Daikin’s 160-ton Daikin WGS water-cooled screw compressor offered Camoplat Inc. with an 80,000-sq-ft automotive component injection molding facility with a decreased annual electricity utilization of 30%. The chiller of the company substituted eight small chillers, during the upgradation project to cool water for industrial processes.
The US market dominated the North America HVAC Systems Heating Market by Country 2020, thereby, achieving a market value of $11,993.5 million by 2027. The Canada market is expected to showcase 8.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global HVAC Systems Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America HVAC Systems Market, by Product
1.4.2 North America HVAC Systems Market, by End User
1.4.3 North America 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. North America HVAC Systems Market by Product
4.1 North America HVAC Systems Cooling Market by Country
4.2 North America HVAC Systems Heating Market by Country
4.3 North America HVAC Systems Ventilation Market by Country
Chapter 5. North America HVAC Systems Market by End User
5.1 North America Residential HVAC Systems Market by Country
5.2 North America Commercial HVAC Systems Market by Country
5.3 North America Industrial HVAC Systems Market by Country
Chapter 6. North America HVAC Systems Market by Country
6.1 US HVAC Systems Market
6.1.1 US HVAC Systems Market by Product
6.1.2 US HVAC Systems Market by End User
6.2 Canada HVAC Systems Market
6.2.1 Canada HVAC Systems Market by Product
6.2.2 Canada HVAC Systems Market by End User
6.3 Mexico HVAC Systems Market
6.3.1 Mexico HVAC Systems Market by Product
6.3.2 Mexico HVAC Systems Market by End User
6.4 Rest of North America HVAC Systems Market
6.4.1 Rest of North America HVAC Systems Market by Product
6.4.2 Rest of North America 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 North America HVAC Systems Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 7 North America HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 8 North America HVAC Systems Cooling Market by Country, 2017 - 2020, USD Million
TABLE 9 North America HVAC Systems Cooling Market by Country, 2021 - 2027, USD Million
TABLE 10 North America HVAC Systems Heating Market by Country, 2017 - 2020, USD Million
TABLE 11 North America HVAC Systems Heating Market by Country, 2021 - 2027, USD Million
TABLE 12 North America HVAC Systems Ventilation Market by Country, 2017 - 2020, USD Million
TABLE 13 North America HVAC Systems Ventilation Market by Country, 2021 - 2027, USD Million
TABLE 14 North America HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 15 North America HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 16 North America Residential HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Residential HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Commercial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Commercial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Industrial HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Industrial HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 22 North America HVAC Systems Market by Country, 2017 - 2020, USD Million
TABLE 23 North America HVAC Systems Market by Country, 2021 - 2027, USD Million
TABLE 24 US HVAC Systems Market, 2017 - 2020, USD Million
TABLE 25 US HVAC Systems Market, 2021 - 2027, USD Million
TABLE 26 US HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 27 US HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 28 US HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 29 US HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 30 Canada HVAC Systems Market, 2017 - 2020, USD Million
TABLE 31 Canada HVAC Systems Market, 2021 - 2027, USD Million
TABLE 32 Canada HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 33 Canada HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 34 Canada HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 35 Canada HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 36 Mexico HVAC Systems Market, 2017 - 2020, USD Million
TABLE 37 Mexico HVAC Systems Market, 2021 - 2027, USD Million
TABLE 38 Mexico HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 39 Mexico HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 40 Mexico HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 41 Mexico HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 42 Rest of North America HVAC Systems Market, 2017 - 2020, USD Million
TABLE 43 Rest of North America HVAC Systems Market, 2021 - 2027, USD Million
TABLE 44 Rest of North America HVAC Systems Market by Product, 2017 - 2020, USD Million
TABLE 45 Rest of North America HVAC Systems Market by Product, 2021 - 2027, USD Million
TABLE 46 Rest of North America HVAC Systems Market by End User, 2017 - 2020, USD Million
TABLE 47 Rest of North America HVAC Systems Market by End User, 2021 - 2027, USD Million
TABLE 48 Key Information – Carrier Global Corporation
TABLE 49 Key Information – Johnson Controls International PLC
TABLE 50 Key Information – Hitachi, Ltd.
TABLE 51 Key Information – Emerson Electric Co.
TABLE 52 key information – Mitsubishi Electric Corporation
TABLE 53 Key Information – Trane Technologies PLC
TABLE 54 Key Information –Samsung Electronics Co., Ltd.
TABLE 55 Key information – Daikin Industries, Ltd.
TABLE 56 Key information – LG Electronics, Inc.
TABLE 57 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.