Asia Pacific HVAC System Market Forecast to 2030 – Regional Analysis – by Component (Thermostat, Air Handling Units, Central ACs, Furnace, Heat Pump, Compressor, and Others), Type (Split system, Ductless system, and Packaged system), Implementation (New Installation, and Retrofit), and Application (Residential, Commercial, and Industrial)

BMIRE00026921 | Pages: 180 | Electronics and Semiconductor | Nov 2023 | Type: Regional | Status: Published

The Asia Pacific HVAC system market was valued at US$ 77,255.30 million in 2022 and is expected to reach US$ 2,00,636.44 million by 2030; it is estimated to grow at a CAGR of 12.7% from 2022 to 2030.

Integration of IoT into HVAC systems Fuels the Asia Pacific HVAC System Market.

Energy efficiency can be hard to monitor and improve with older HVAC systems. Generally, energy usage data is only discovered after it has been used, making it challenging to rectify or make up for. Additionally, if a system has a developing issue, it could struggle for days or weeks before failing entirely, wasting additional energy. IoT sensors installed on HVAC equipment can increase energy efficiency by monitoring usage trends and even considering weather predictions as they provide access to real-time data. The end effect is improved interior climate management with little electricity use. HVAC systems can be a significant component of IoT-enabled smart grid connectivity. IoT technology makes remote system monitoring possible, allowing users to identify issues from a distance by consulting a smartphone app or online portal. For Instance, some sensors track vital information, such as pressure, vibration, flow, temperature, humidity, on-off cycles, and fault tolerance for providing leak detection information. Technicians can easily access the insights they need to get into systems’ status and accordingly provide the solution to fix any malfunction. Most HVAC companies have a compulsory requirement for regulatory compliance, frequently requiring a field agent to inspect equipment regularly. It is challenging to accomplish and record such compliance with disconnected systems with no integration of IoT, which needs lots of paperwork and physical system checks to prove the adherence to compliance standards. Thus, the integration of IoT into HVAC systems is the key trend in the market, which is likely to boost the demand for HVAC systems.

Asia Pacific HVAC System Market Overview

Asia Pacific consists of several developed economies, such as Japan, Australia, and emerging economies like China, India, and others. HVAC industry growth in Asia Pacific is largely attributed to increasing urbanization, rising population growth especially in the Asia Pacific region and government regulations for creating the HVAC systems more energy efficient. The APAC region is witnessing a growth in numerous real estate projects and public-private investments in several industrial, residential, and commercial development areas due to the rise in urbanization. The need for HVAC services in the residential sector is mostly driven by new installations brough on by Asia Pacific region. Due to increased building and development projects, air conditioner penetration is rising throughout Southeast Asia nations including Vietnam, Thailand, Indonesia, Malaysia, the Philippines, and China.

Asia Pacific HVAC System Market Revenue and Forecast to 2030 (US$ Million)

       

Asia Pacific HVAC System Market Revenue and Forecast to 2030 (US$ Million)

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Asia Pacific HVAC System Market Segmentation

The Asia Pacific HVAC system market is segmented based on component, type, implementation, application, and country. Based on component, the Asia Pacific HVAC system market is segmented into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. The central ACs segment held the largest market share in 2022.

Based on type, the Asia Pacific HVAC system market is segmented into split system, ductless system, and packaged system. The split system segment held the largest market share in 2022.

Based on application, the Asia Pacific HVAC system market is segmented into residential, commercial, and industrial. The residential segment held a larger market share in 2022.

Based on implementation, the Asia Pacific HVAC system market is segmented into new installation and retrofit. The new installation segment held a larger market share in 2022.

Based on country, the Asia Pacific HVAC system market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. China dominated the Asia Pacific HVAC system market share in 2022.

Blue Star Ltd, Mitsubishi Electric Corp, Hitachi Ltd, Daikin Industries Ltd, Emerson Electric Co, Honeywell International Inc, LG Electric Inc, Carrier Global Corp, and Johnson Controls Inc are some of the leading companies operating in the Asia Pacific HVAC system market.  

1.           Introduction

1.1       The Insight Partners Research Report Guidance

1.2       Market Segmentation

2.           Executive Summary

2.1       Key Insights

2.2       Market Attractiveness

3.           Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.           Asia Pacific HVAC Controls Market Landscape

4.1       Overview

4.2       Ecosystem Analysis

4.2.1         List of Vendors in The Value Chain

5.           Asia Pacific HVAC Controls Market - Key Industry Dynamics

5.1       Asia Pacific HVAC Controls Market - Key Industry Dynamics

5.2       Market Drivers

5.2.1         Growth in Construction Sector

5.2.2         Implementation of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems

5.3       Market Restraints

5.3.1         High Cost and Technical complexities

5.4       Market Opportunities

5.4.1         Rising Adoption of Cloud Computing in HVAC

5.4.2         Development of Smart Cities

5.5       Future Trends

5.5.1         Advancement in Green Technology

5.6       Impact of Drivers and Restraints:

6.           HVAC Controls Market – Asia Pacific Market Analysis

6.1       Asia Pacific HVAC Controls Market Revenue (US$ Million), 2022 – 2030

6.2       Asia Pacific HVAC Controls Market Forecast and Analysis

7.           Asia Pacific HVAC Controls Market Analysis - Component

7.1       Hardware

7.1.1         Overview

7.1.2         Hardware Market, Revenue and Forecast to 2030 (US$ Million)

7.1.3         Sensor

7.1.3.1            Overview

7.1.3.2            Sensor Market, Revenue and Forecast to 2030 (US$ Million)

7.1.4         Controllers

7.1.4.1            Overview

7.1.4.2            Controllers Market, Revenue and Forecast to 2030 (US$ Million)

7.1.5         Smart Vents

7.1.5.1            Overview

7.1.5.2            Smart Vents Market, Revenue and Forecast to 2030 (US$ Million)

7.1.6         Others

7.1.6.1            Overview

7.1.6.2            Others Market, Revenue and Forecast to 2030 (US$ Million)

7.2       Software & Services

7.2.1         Overview

7.2.2         Software & Services Market, Revenue and Forecast to 2030 (US$ Million)

8.           Asia Pacific HVAC Controls Market Analysis - Installation Type

8.1       Retrofit

8.1.1         Overview

8.1.2         Retrofit Market Revenue, and Forecast to 2030 (US$ Million)

8.2       New Installation

8.2.1         Overview

8.2.2         New Installation Market Revenue, and Forecast to 2030 (US$ Million)

9.           Asia Pacific HVAC Controls Market Analysis - System

9.1       Temperature Control System

9.1.1         Overview

9.1.2         Temperature Control System Market Revenue, and Forecast to 2030 (US$ Million)

9.2       Integrated Control System

9.2.1         Overview

9.2.2         Integrated Control System Market Revenue, and Forecast to 2030 (US$ Million)

9.3       Ventilation Control System

9.3.1         Overview

9.3.2         Ventilation Control System Market Revenue, and Forecast to 2030 (US$ Million)

9.4       Humidity Control System

9.4.1         Overview

9.4.2         Humidity Control System Market Revenue, and Forecast to 2030 (US$ Million)

10.        Asia Pacific HVAC Controls Market Analysis – End User

10.1     Commercial

10.1.1       Overview

10.1.2       Commercial Market Revenue, and Forecast to 2030 (US$ Million)

10.2     Industrial

10.2.1       Overview

10.2.2       Industrial Market Revenue, and Forecast to 2030 (US$ Million)

10.3     Residential

10.3.1       Overview

10.3.2       Residential Market Revenue, and Forecast to 2030 (US$ Million)

11.        Asia Pacific HVAC Controls Market - Country Analysis

11.1     Overview

11.1.1       Asia Pacific HVAC Controls Market Revenue and Forecasts and Analysis - By Country

11.1.1.1          Asia Pacific HVAC Controls Market Revenue and Forecasts and Analysis - By Country

11.1.1.2          China HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)

11.1.1.2.1        China HVAC Controls Market Breakdown by Component

11.1.1.2.1.1      China HVAC Controls Market Breakdown by Hardware

11.1.1.2.2        China HVAC Controls Market Breakdown by Installation Type

11.1.1.2.3        China HVAC Controls Market Breakdown by System

11.1.1.2.4        China HVAC Controls Market Breakdown by End User

11.1.1.3          Japan HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)

11.1.1.3.1        Japan HVAC Controls Market Breakdown by Component

11.1.1.3.1.1      Japan HVAC Controls Market Breakdown by Hardware

11.1.1.3.2        Japan HVAC Controls Market Breakdown by Installation Type

11.1.1.3.3        Japan HVAC Controls Market Breakdown by System

11.1.1.3.4        Japan HVAC Controls Market Breakdown by End User

11.1.1.4          South Korea HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)

11.1.1.4.1        South Korea HVAC Controls Market Breakdown by Component

11.1.1.4.1.1      South Korea HVAC Controls Market Breakdown by Hardware

11.1.1.4.2        South Korea HVAC Controls Market Breakdown by Installation Type

11.1.1.4.3        South Korea HVAC Controls Market Breakdown by System

11.1.1.4.4        South Korea HVAC Controls Market Breakdown by End User

11.1.1.5          India HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)

11.1.1.5.1        India HVAC Controls Market Breakdown by Component

11.1.1.5.1.1      India HVAC Controls Market Breakdown by Hardware

11.1.1.5.2        India HVAC Controls Market Breakdown by Installation Type

11.1.1.5.3        India HVAC Controls Market Breakdown by System

11.1.1.5.4        India HVAC Controls Market Breakdown by End User

11.1.1.6          Australia HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)

11.1.1.6.1        Australia HVAC Controls Market Breakdown by Component

11.1.1.6.1.1      Australia HVAC Controls Market Breakdown by Hardware

11.1.1.6.2        Australia HVAC Controls Market Breakdown by Installation Type

11.1.1.6.3        Australia HVAC Controls Market Breakdown by System

11.1.1.6.4        Australia HVAC Controls Market Breakdown by End User

11.1.1.7          Rest of Asia Pacific HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)

11.1.1.7.1        Rest of Asia Pacific HVAC Controls Market Breakdown by Component

11.1.1.7.1.1      Rest of Asia Pacific HVAC Controls Market Breakdown by Hardware

11.1.1.7.2        Rest of Asia Pacific HVAC Controls Market Breakdown by Installation Type

11.1.1.7.3        Rest of Asia Pacific HVAC Controls Market Breakdown by System

11.1.1.7.4        Rest of Asia Pacific HVAC Controls Market Breakdown by End User

12.        Competitive Landscape

12.1     Heat Map Analysis by Key Players

12.2     Company Positioning & Concentration

13.        Industry Landscape

13.1     Overview

13.2     Market Initiatives

13.3     New Product Development

13.4     Merger and Acquisition

14.        Company Profiles

14.1     Carrier Global Corporation

14.1.1       Key Facts

14.1.2       Business Description

14.1.3       Products and Services

14.1.4       Financial Overview

14.1.5       SWOT Analysis

14.1.6       Key Developments

14.2     DAIKIN INDUSTRIES, Ltd.

14.2.1       Key Facts

14.2.2       Business Description

14.2.3       Products and Services

14.2.4       Financial Overview

14.2.5       SWOT Analysis

14.2.6       Key Developments

14.3     Delta Controls

14.3.1       Key Facts

14.3.2       Business Description

14.3.3       Products and Services

14.3.4       Financial Overview

14.3.5       SWOT Analysis

14.3.6       Key Developments

14.4     Acuity Brands, Inc.

14.4.1       Key Facts

14.4.2       Business Description

14.4.3       Products and Services

14.4.4       Financial Overview

14.4.5       SWOT Analysis

14.4.6       Key Developments

14.5     Emerson Electric Co.

14.5.1       Key Facts

14.5.2       Business Description

14.5.3       Products and Services

14.5.4       Financial Overview

14.5.5       SWOT Analysis

14.5.6       Key Developments

14.6     Honeywell International Inc.

14.6.1       Key Facts

14.6.2       Business Description

14.6.3       Products and Services

14.6.4       Financial Overview

14.6.5       SWOT Analysis

14.6.6       Key Developments

14.7     Johnson Controls, Inc.

14.7.1       Key Facts

14.7.2       Business Description

14.7.3       Products and Services

14.7.4       Financial Overview

14.7.5       SWOT Analysis

14.7.6       Key Developments

14.8     Schneider Electric SE

14.8.1       Key Facts

14.8.2       Business Description

14.8.3       Products and Services

14.8.4       Financial Overview

14.8.5       SWOT Analysis

14.8.6       Key Developments

14.9     Siemens AG

14.9.1       Key Facts

14.9.2       Business Description

14.9.3       Products and Services

14.9.4       Financial Overview

14.9.5       SWOT Analysis

14.9.6       Key Developments

14.10  Lennox International Inc.

14.10.1    Key Facts

14.10.2    Business Description

14.10.3    Products and Services

14.10.4    Financial Overview

14.10.5    SWOT Analysis

14.10.6    Key Developments

15.        Appendix

15.1     About the Insight Partners

15.2     Word Index

 

 

 

 

LIST OF TABLES

Table 1.             Asia Pacific HVAC Controls Market Segmentation

Table 2.             Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million)

Table 3.             Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – Component

Table 4.             Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – Installation Type

Table 5.             Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – System

Table 6.             Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – End User

Table 7.             Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 8.             China HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component

Table 9.             China HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware

Table 10.          China HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type

Table 11.          China HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System

Table 12.          China HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User

Table 13.          Japan HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component

Table 14.          Japan HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware

Table 15.          Japan HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type

Table 16.          Japan HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System

Table 17.          Japan HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User

Table 18.          South Korea HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component

Table 19.          South Korea HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware

Table 20.          South Korea HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type

Table 21.          South Korea HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System

Table 22.          South Korea HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User

Table 23.          India HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component

Table 24.          India HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware

Table 25.          India HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type

Table 26.          India HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System

Table 27.          India HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User

Table 28.          Australia HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component

Table 29.          Australia HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware

Table 30.          Australia HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type

Table 31.          Australia HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System

Table 32.          Australia HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User

Table 33.          Rest of Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component

Table 34.          Rest of Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware

Table 35.          Rest of Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type

Table 36.          Rest of Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System

Table 37.          Rest of Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User

Table 38.          Heat Map Analysis by Key Players

Table 39.          List of Abbreviation

 

 

 

LIST OF FIGURES

Figure 1.           Asia Pacific HVAC Controls Market Segmentation, By Country

Figure 2.           Ecosystem: Asia Pacific HVAC Controls Market

Figure 3.           Impact Analysis of Drivers and Restraints

Figure 4.           Asia Pacific HVAC Controls Market Revenue (US$ Million), 2022 – 2030

Figure 5.           Asia Pacific HVAC Controls Market Share (%) – Component, 2022 and 2030

Figure 6.           Hardware Market Revenue and Forecasts To 2030 (US$ Million)

Figure 7.           Sensor Market Revenue and Forecasts To 2030 (US$ Million)

Figure 8.           Controllers Market Revenue and Forecasts To 2030 (US$ Million)

Figure 9.           Smart Vents Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10.        Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11.        Software & Services Market Revenue and Forecasts To 2030 (US$ Million)

Figure 12.        Asia Pacific HVAC Controls Market Share (%) – Installation Type, 2022 and 2030

Figure 13.        Retrofit Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14.        New Installation Market Revenue and Forecasts To 2030 (US$ Million)

Figure 15.        Asia Pacific HVAC Controls Market Share (%) – System, 2022 and 2030

Figure 16.        Temperature Control System Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17.        Integrated Control System Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18.        Ventilation Control System Market Revenue and Forecasts To 2030 (US$ Million)

Figure 19.        Humidity Control System Market Revenue and Forecasts To 2030 (US$ Million)

Figure 20.        Asia Pacific HVAC Controls Market Share (%) – End User, 2022 and 2030

Figure 21.        Commercial Market Revenue and Forecasts To 2030 (US$ Million)

Figure 22.        Industrial Market Revenue and Forecasts To 2030 (US$ Million)

Figure 23.        Residential Market Revenue and Forecasts To 2030 (US$ Million)

Figure 24.        HVAC Controls Market by Key Countries – Revenue (2022) (US$ Million)

Figure 25.        HVAC Controls Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 26.        China HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 27.        Japan HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 28.        South Korea HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 29.        India HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 30.        Australia HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 31.        Rest of Asia Pacific HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 32.        Company Positioning & Concentration

  1. Mitsubishi Electric Corp
  2. Blue Star Ltd
  3. Hitachi Ltd
  4. Daikin Industries Ltd
  5. Emerson Electric Co
  6. Honeywell International Inc
  7. LG Electric Inc
  8. Carrier Global Corp
  9. Johnson Controls Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific HVAC system market.    
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific HVAC system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific HVAC system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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