Hvac Packaged Unit Market

HVAC Packaged Unit Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The HVAC packaged unit market was estimated to be US$ 25.2 Billion in 2022.

The HVAC packaged unit Market is driven by several major factors, including increasing demand for energy-efficient HVAC systems, growing construction industry in emerging economies, and rising awareness about indoor air quality.

The HVAC packaged unit market is expected to grow at a CAGR of 7.3% between 2023 to 2032.

The commercial segment is the largest application segment of the Global HVAC Packaged Unit Market. This is due to the large number of commercial buildings such as office buildings, retail spaces, and industrial facilities that require heating and cooling systems.

North America is one of the largest markets for HVAC packaged units due to the large number of commercial and residential buildings and the high demand for energy-efficient and smart HVAC systems.

The major growth strategies adopted by these companies are also engaging in strategic acquisitions and partnerships to expand their product portfolio and reach new customers. For instance, Johnson Controls acquired Air Distribution Technologies, a leading manufacturer of HVAC systems in the US, to expand its presence in the North American market.

Blue Star Limited, Carrier Global Corporation, Daikin Industries, Ltd., Emerson Electric Co., Fujitsu Limited, Gree Electric Appliances Inc., Hitachi, Ltd., Honeywell International Inc., Johnson Controls International plc, Lennox International Inc., LG Electronics Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Rheem Manufacturing Company and Trane Technologies plc are the winners in the HVAC packaged unit market.