Asia Pacific HVAC System Market Forecast to 2030

According to The Insght Partners’ research, the Asia Pacific HVAC system market was valued at US$ 77,255.30 in 2022 and is expected to reach US$ 2,00,636.44 million by 2030, registering a CAGR of 12.7% from 2022 to 2030. The need for replacement of traditional HVAC systems with newer HVAC systems is the critical factors attributed to the Asia Pacific HVAC system market expansion.

A traditional HVAC system is a split system with units both inside and outside the premises. The furnace is often located in a basement or garage. The air conditioner’s condenser unit cools off the refrigerant gas that cools down the air in the evaporator within the furnace unit outside the premise. Outside units produce a lot of noise, while indoor units are mostly low on noise. These older systems have less energy efficiency, and they generate and contribute to the emission of greenhouse gases due to the use of components with old standards in the system. They also need frequent maintenance, increasing the overhead costs. Modern ductless HVAC systems, also known as mini splits, are built to function without ducts. They are made up of an exterior unit connected to an air conditioner or heat pump with a tiny fan coil. These systems are typically more expensive to install initially, but as they are usually more energy-efficient, they compensate for initial high installation costs in very less time. As a result of these systems’ zone-based functionality, individual units are deployed in various parts of the premise and used to regulate the temperature. These newer systems save and conserve energy by heating and cooling only the areas of premises that are in use. There is much less possibility of air pollution with ductless HVAC systems than with traditional ones. There is ductwork in traditional HVAC systems to hold a build-up of impurities that spread throughout the building. Since there is no ductwork in newer ones, there is no potential for leaks that could lead to energy loss. Such benefits provided by newer HVAC systems are creating the need for replacing traditional ones, eventually creating opportunities for the Asia Pacific HVAC system market.

On the contrary, lack of skilled technical workforce hurdles the growth Asia Pacific HVAC system market.

Based on component, the Asia Pacific HVAC system market is categorized into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. The central ACs segment held 24.5% market share in 2022, amassing US$ 18,906.7 million. It is projected to garner US$ 54,121.4 million by 2030 to expand at 14.0% CAGR during 2022-2030.

Based on type, the Asia Pacific HVAC system market is categorized into split system, ductless system, and packaged system. the split system segment held 44.0% share of the Asia Pacific HVAC system market in 2022, amassing US$ 33,962.5 million. It is projected to garner US$ 89,840.7 million by 2030 to expand at 12.9% CAGR during 2022–2030.

Based on implementation, the Asia Pacific HVAC system market is bifurcated into new installation and retrofit. The new installation segment held 64.3% share of Asia Pacific HVAC system market in 2022, amassing US$ 49,708.7 million. It is projected to garner US$ 1,20,501.8 million by 2030 to expand at 11.7% CAGR during 2022–2030.

Based on application, the Asia Pacific HVAC system market is segmented into residential, commercial, and industrial. The residential segment held 44.8% share of Asia Pacific HVAC system market in 2022, amassing US$ 34,599.6 million. It is projected to garner US$ 88,308.3 million by 2030 to expand at 12.4% CAGR during 2022–2030.

Based on country, the Asia Pacific HVAC system market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 32.6% share of Asia Pacific HVAC system market in 2022, amassing US$ 25,194.96 million. It is projected to garner US$ 69,700.44 million by 2030 to expand at 13.6% CAGR during 2022–2030.

Key players operating in the Asia Pacific HVAC system market are Mitsubishi Electric Corp, Blue Star Ltd, Hitachi Ltd, Daikin Industries Ltd, Emerson Electric Co, Honeywell International Inc, LG Electric Inc, Carrier Global Corp, and Johnson Controls Inc, among others.

1. Introduction
1.1 The Research Team 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 Research Team
15.2 Word Index

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

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