1Q 2021

Commercial and Residential HVAC

Regulations, Market Trends, and Technologies for Sustainable Cooling and Heating: Global HVAC Market Analysis and Forecasts

HVAC has changed civilization, bringing wealth and education to Earth’s hottest regions. However, its operation is one of the key causes of climate change. The detrimental environmental impact of running HVAC is leading the industry and governments to seek a sustainable cooling and heating solution.

Although the HVAC industry has a long history, technology and policy are never stagnant. The industry has been transforming toward sustainability, showing higher efficiency and environmental friendliness. Local governments are regulating system efficiency and high global warming potential (GWP) refrigerants while innovative market players are developing highly efficient advanced products. Notable technology examples include heat pump water heaters, heat pumps, and variable speed compressors. Heat pump water heaters can efficiently heat water at higher temperatures, heat pumps drive electrification in the market, and variable speed HVAC systems allow flexible operation of cooling and heating.

This Guidehouse Insights report analyzes the global HVAC market, taking into consideration sustainable heating and cooling, the impact of geographic differences on the market, decarbonization policies, and emerging market trends. The report addresses market issues, including notable business cases and emerging business opportunities associated with commercial and residential segments. Global market forecasts for revenue and shipments by segment and region extend through 2030.

Pages 46
Tables | Charts | Figures 59
  • What are the current drivers and barriers for the growth of the HVAC market?
  • What are the geographical and policy trends driving the HVAC market?
  • How are the demands of conditioning space expected to shape the market in the coming years?
  • What are the key technology trends shaping the HVAC market?
  • What is the HVAC market forecast?
  • What approach should stakeholders take to exploit the opportunities in the HVAC market?
  • Regulators and policymakers
  • Global energy engineering firms
  • HVAC equipment manufacturers
  • Utilities
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Market Drivers and Barriers

1.3   Market Forecast

2. Market Trends

2.1   Introduction

2.2   Growing Air Conditioner Demand

2.3   Market Drivers

2.3.1   Policy

2.3.1.1   Building Efficiency

2.3.1.2   Retrofits

2.3.1.3   High GWP Refrigerant Regulation

2.3.1.4   Electrification

2.3.1.5   Energy Efficiency Labeling

2.3.2   Non-Policy Market Drivers

2.3.2.1   Cooling Demand in Hot Climates

2.3.2.2   Heat Island Effect

2.3.2.3   HVAC Technical Advancements

2.3.2.4   User-Friendly Functions

2.3.2.5   DHC

2.3.2.6   New Business Models

2.3.2.7   New Construction Demand

2.4   Market Barriers

2.4.1   Cost

2.4.2   Fossil Fuel-Powered HVAC

2.4.3   Electrification Limits and Grid Burden

2.4.4   Insufficient Grid Infrastructure

2.4.5   Siloed Products

2.4.6   Lack of System Design Knowledge and Experts

2.4.7   Passive Cooling Advancement

2.5   COVID-19 Impacts

2.6   Commercial and Residential Market Differences

2.6.1   Retrofits

2.6.2   Refrigerant Transformation

2.7   Regional Trends

2.7.1   Ductless Split and Heat Pumps - US

2.7.2   Individual Conditioning Market Opportunity in Russia

2.7.3   Residential Heat Pumps – Korea and Japan

2.7.4   Heating and Cooling - China

3. Market Forecasts

3.1   Forecast Scope

3.2   Residential Market Overview

3.3   Commercial Market Overview

3.4   North America

3.5   Europe

3.6   Asia Pacific

3.7   Latin America

3.8   Middle East & Africa

3.9   Efficient HVAC Equipment

4. Conclusion and Recommendations

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study, Sources and Methodology, Notes

  • Residential HVAC Equipment Revenue by Region, World Markets: 2021-2030
  • Residential HVAC Equipment Shipments by Region, World Markets: 2021-2030
  • Commercial HVAC Equipment Revenue by Region, World Markets: 2021-2030
  • Commercial HVAC Equipment Shipments by Region, World Markets: 2021-2030
  • Residential HVAC Equipment Revenue by Type, North America: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, North America: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Europe: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Europe: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Asia Pacific: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Asia Pacific: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Latin America: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Latin America: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Middle East & Africa: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Middle East & Africa: 2021-2030
  • Residential HVAC Equipment Revenue by Efficiency, World Markets: 2021-2030
  • Commercial HVAC Equipment Revenue by Efficiency, World Markets: 2021-2030
  • CDD in the Contiguous 48 States, Reference at 65°F (18.3°C)
  • Floor Standing RAC in Chinese Household Appliance Store
  • Central AC Types
  • HVAC Equipment Shipments by Region, World Markets: 2021-2030
  • HVAC Equipment Revenue by Region, World Markets: 2021-2030
  • Residential HVAC Equipment Shipments by Region, World Markets: 2021-2030
  • Residential HVAC Equipment Shipments by Type, North America: 2021-2030
  • Residential HVAC Equipment Shipments by Type, Europe: 2021-2030
  • Residential HVAC Equipment Shipments by Type, Asia Pacific: 2021-2030
  • Residential HVAC Equipment Shipments by Type, Latin America: 2021-2030
  • Residential HVAC Equipment Shipments by Type, Middle East & Africa: 2021-2030
  • Residential HVAC Equipment Revenue by Region, World Markets: 2021-2030
  • Residential HVAC Equipment Revenue by Type, North America: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Europe: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Asia Pacific: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Latin America: 2021-2030
  • Residential HVAC Equipment Revenue by Type, Middle East & Africa: 2021-2030
  • Commercial HVAC Equipment Shipments by Region, World Markets: 2021-2030
  • Commercial HVAC Equipment Shipments by Type, North America: 2021-2030
  • Commercial HVAC Equipment Shipments by Type, Europe: 2021-2030
  • Commercial HVAC Equipment Shipments by Type, Asia Pacific: 2021-2030
  • Commercial HVAC Equipment Shipments by Type, Latin America: 2021-2030
  • Commercial HVAC Equipment Shipments by Type, Middle East & Africa: 2021-2030
  • Commercial HVAC Equipment Revenue by Region, World Markets: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, North America: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Europe: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Asia Pacific: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Latin America: 2021-2030
  • Commercial HVAC Equipment Revenue by Type, Middle East & Africa: 2021-2030
  • Residential HVAC Equipment Revenue by Efficiency, World Markets: 2021-2030
  • Residential HVAC Equipment Revenue by Efficiency, North America: 2021-2030
  • Residential HVAC Equipment Revenue by Efficiency, Europe: 2021-2030
  • Residential HVAC Equipment Revenue by Efficiency, Asia Pacific: 2021-2030
  • Residential HVAC Equipment Revenue by Efficiency, Latin America: 2021-2030
  • Residential HVAC Equipment Revenue by Efficiency, Middle East & Africa: 2021-2030
  • Commercial HVAC Equipment Revenue by Efficiency, World Markets: 2021-2030
  • Commercial HVAC Equipment Revenue by Efficiency, North America: 2021-2030
  • Commercial HVAC Equipment Revenue by Efficiency, Europe: 2021-2030
  • Commercial HVAC Equipment Revenue by Efficiency, Asia Pacific: 2021-2030
  • Commercial HVAC Equipment Revenue by Efficiency, Latin America: 2021-2030
  • Commercial HVAC Equipment Revenue by Efficiency, Middle East & Africa: 2021-2030
  • Refrigerant Characteristic
  • Mandatory Energy Efficiency Labeling for Appliances
Choose a License Type
$3,950 USD
$5,925 USD