HVAC Packaged Unit Market Trends and Forecast
The future of the global HVAC packaged unit market looks promising with opportunities in the commercial and residential markets. The global HVAC packaged unit market is expected to grow with a CAGR of 32.2% from 2024 to 2030. The major drivers for this market are global trend of urbanization, coupled with increasing construction activity in both residential and commercial sectors, stringent energy efficiency regulations and environmental concerns, and rising focus on building automation and smart technologies.
• Lucintel forecasts that air condenser is expected to witness the higher growth over the forecast period.
• Within this market, commercial is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States – Leading HVAC manufacturers announced initiatives to develop energy-efficient packaged units with advanced controls for residential and commercial applications. Government targets aim to incentivize the adoption of high-efficiency HVAC systems to reduce energy consumption and carbon emissions.
India – HVAC companies collaborated with government initiatives to promote the adoption of packaged units in affordable housing projects, aiming to improve indoor air quality and thermal comfort. Manufacturers set targets to increase production capacity to meet growing demand from residential and commercial sectors.
Germany – Utility companies partnered with HVAC manufacturers to deploy packaged units integrated with renewable energy systems, supporting government targets for carbon reduction and energy transition. Manufacturers focused on developing innovative heat pump solutions to enhance energy efficiency and reduce environmental impact.
China – State-owned enterprises announced investments in research and development to enhance the performance and reliability of packaged HVAC units for residential and commercial buildings. Government targets aim to accelerate the adoption of energy-efficient HVAC systems to improve air quality and reduce carbon emissions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
HVAC Packaged Unit by Segment
The study includes a forecast for the global HVAC packaged unit by type, application, and region.
HVAC Packaged Unit Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Air Condenser
• Water Condenser
HVAC Packaged Unit Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Residential
HVAC Packaged Unit Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of HVAC Packaged Unit Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies HVAC packaged unit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the HVAC packaged unit companies profiled in this report include-
• Robert Bosch
• Daikin Corporation
• Lennox International
• Absolutaire
• Johnson Controls
• Haier
• Magic Aire
Recent Development in the HVAC Packaged Unit Market
Carrier Corporation: Introduced a new line of HVAC packaged units featuring advanced variable-speed compressors and smart controls for improved energy efficiency and comfort in residential and commercial buildings.
Daikin Industries Ltd.: Collaborated with leading building automation companies to integrate HVAC packaged units with smart building systems, enabling remote monitoring and optimization of indoor climate conditions for enhanced energy savings and occupant comfort.
Trane Technologies plc: Launched innovative HVAC packaged units with built-in air purification technologies, addressing growing concerns about indoor air quality and health by providing clean and filtered air in residential and commercial spaces.
Johnson Controls International plc: Implemented cloud-based predictive maintenance solutions for HVAC packaged units, leveraging IoT sensors and data analytics to optimize equipment performance, reduce downtime, and extend the lifespan of HVAC systems.
Features of the Global HVAC Packaged Unit Market
Market Size Estimates: HVAC packaged unit market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: HVAC packaged unit market size by type, application, and region in terms of value ($B).
Regional Analysis: HVAC packaged unit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the HVAC packaged unit market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the HVAC packaged unit market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for HVAC packaged unit market?
Answer: The global HVAC packaged unit market is expected to grow with a CAGR of 32.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the HVAC packaged unit market?
Answer: The major drivers for this market are global trend of urbanization, coupled with increasing construction activity in both residential and commercial sectors, stringent energy efficiency regulations and environmental concerns, and rising focus on building automation and smart technologies.
Q3. What are the major segments for HVAC packaged unit market?
Answer: The future of the global HVAC packaged unit market looks promising with opportunities in the commercial and residential markets.
Q4. Who are the key HVAC packaged unit market companies?
Answer: Some of the key HVAC packaged unit companies are as follows:
• Robert Bosch
• Daikin Corporation
• Lennox International
• Absolutaire
• Johnson Controls
• Haier
• Magic Aire
Q5. Which HVAC packaged unit market segment will be the largest in future?
Answer: Lucintel forecasts that air condenser is expected to witness the higher growth over the forecast period.
Q6. In HVAC packaged unit market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the HVAC packaged unit market by type (air condenser and water condenser), application (commercial and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to HVAC Packaged Unit Market Market, HVAC Packaged Unit Market Market Size, HVAC Packaged Unit Market Market Growth, HVAC Packaged Unit Market Market Analysis, HVAC Packaged Unit Market Market Report, HVAC Packaged Unit Market Market Share, HVAC Packaged Unit Market Market Trends, HVAC Packaged Unit Market Market Forecast, HVAC Packaged Unit Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.