South & Central America HVAC System Market Forecast to 2030

South & Central America 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)

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Description

The South & Central America HVAC system market was valued at US$ 12,344.61 million in 2022 and is expected to reach US$ 21,233.65 million by 2030; it is estimated to grow at a CAGR of 7.0% from 2022 to 2030.

Growth in Government Regulatory Policies for Energy Saving and Conservation Fuels the South & Central America HVAC System Market

Governments across the world are using a variety of strategies to encourage energy saving and conservation. They are including sizable line items for energy costs in their yearly operational budgets. In addition, they are saving a lot of money on energy costs incurred in public buildings and are exhibiting energy and environmental leadership by investing in energy efficiency.

Other than the increase in the efficiency of both new and existing facilities, many governments are including energy efficiency standards in their decisions of product purchases. The main energy consumers in municipal level operations are often the water and wastewater treatment facilities. High-quality HVAC systems can be employed at water and wastewater facilities to decrease energy costs and greenhouse gas emissions. Through energy data management and evaluation, energy efficiency standards for public buildings, uptake of retrofit programs for already-existing public buildings, acquisition of energy-efficient appliances and equipment, and establishment of energy-efficient operations and maintenance procedures, state and local governments are promoting energy efficiency programs and policies for public facilities, equipment, and government operations.

South & Central America HVAC System Market Overview

Based on country, the South & Central America (SAM) South America HVAC system market is segmented into Brazil, Argentina, and the Rest of SAM. The HVAC sector of the South American region is steadily growing owing to various government initiatives to promote and develop the regional construction infrastructure. Countries such as Brazil and Columbia across the region has the presence of large number of international HVAC manufacturers. For these reasons, it is vital to boost energy savings and customer flexibility. Hence, there is growing demand for HVAC systems across countries like Brazil, Argentina, Colombia, and others. Digital technologies and smart policies can be implemented to translate immediate energy savings into structural improvements, and long-term, that supports consumers and electricity systems while maintaining, and controlling low carbon intensity in the region.

South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)

South & Central America HVAC System Market Segmentation

The South & Central America HVAC system market is segmented based on component, type, implementation, application, and country. Based on component, the South & Central America 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 South & Central America 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 implementation, the South & Central America HVAC system market is segmented into new installation and retrofit. The new installation segment held a larger market share in 2022.

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

Based on country, the South & Central America HVAC system market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America HVAC system market share in 2022.

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 the leading companies operating in the South & Central America HVAC system market.

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At 7.0% CAGR, the South America HVAC System Market is speculated to be worth US$ 21,233.65 million by 2030, saysthe research team.

According tothe research team’ research, the South America HVAC system market was valued at US$ 12,344.61 million in 2022 and is expected to reach US$ 21,233.65 million by 2030, registering a CAGR of 7.0% from 2022 to 2030. Rise in demand for energy-efficient solutions is the critical factors attributed to the South America HVAC system market expansion.

Greenhouse gases are the primary sources of global warming and climate change. These gases absorb the infrared energy and re-emit it back into the space, half of which returns to the Earth as heat, consequently adding to the warmth emanating from the Earth’s surface. Small businesses and large industries emit various carbon compounds, such as carbon dioxide, because of using fossil fuels, which are known as “carbon footprint.” Since energy-efficient solutions emit fewer harmful greenhouse gas emissions into the environment, they can contribute to lowering the carbon footprint and controlling the adverse effects of global warming. To improve the quality-of-life usage of energy-efficient appliances has been growing in recent times. The reason behind the increase in energy-efficient solutions is not only because they save energy but also because they need less maintenance and have lesser replacement costs. These solutions contribute to a positive impact on the environment. Energy efficiency can offer long-term benefits by reducing overall electricity demand by lessening the need to invest in new infrastructure for electricity generation and transmission. It also contributes to the diversification of utility resource portfolios and can act as a buffer against the risk of volatile energy procurement costs. So, to achieve energy efficiency, many manufacturing industries and commercial manufacturing players are investing in high-efficiency HVAC systems. A highly efficient HVAC system uses less energy and performs more effectively than ordinary systems, lowering the carbon footprint on the environment. The seasonal energy efficiency ratio assesses how effectively air conditioning and heat pumps cool in an HVAC system. Thus, the high demand for energy-efficient solutions is driving the market for HVAC systems.

On the contrary, lack of skilled technical workforce hurdles the growth South America HVAC system market.

Based on component, the South America HVAC system market is segmented into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. The central ACs segment held 29.1% market share in 2022, amassing US$ 3,587.91 million. It is projected to garner US$ 6,528.07 million by 2030 to expand at 7.8% CAGR during 2022-2030.

based on type, the South America HVAC system market is categorized into split system, ductless system, and packaged system. the split system segment held 45.8% share of the South America HVAC system market in 2022, amassing US$ 5,647.94 million. It is projected to garner US$ 9,876.65 million by 2030 to expand at 7.2% CAGR during 2022–2030.

based on implementation, the South America HVAC system market is bifurcated into new installation and retrofit. the new installation segment held 58.8% share of South America HVAC system market in 2022, amassing US$ 7,262.05 million. It is projected to garner US$ 11,363.23 million by 2030 to expand at 5.8% CAGR during 2022–2030.

based on application, the South America HVAC system market is segmented into residential, commercial, and industrial. The residential segment held 43.4% share of South America HVAC system market in 2022, amassing US$ 5,351.68 million. It is projected to garner US$ 8,939.40 million by 2030 to expand at 6.6% CAGR during 2022–2030.

Based on country, the South America HVAC system market is segmented into Brazil, Argentina, Rest of South America. The Brazil segment held 76.2% share of South America HVAC system market in 2022, amassing US$ 9,404.88 million. It is projected to garner US$ 15,971.72 million by 2030 to expand at 6.8% CAGR during 2022–2030.

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

In Nov 2021, Honeywell announced its collaboration with DunAn Environment for the HVAC industry transition to Solstice® N41 (R-466A) by developing their product line of HVAC components as compatible.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America HVAC System Market Landscape
4.1 Market Overview
4.1.1 South & Central America
4.2 Ecosystem Analysis
4.3 Expert Opinions
5. South & Central America HVAC System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Energy-efficient Solutions
5.1.2 Growth in Government Regulatory Policies for Energy Saving and Conservation
5.1.3 Development of Smart HVAC System Promoting Demand
5.2 Key Market Restraints
5.2.1 Lack of Skilled Technical Workforce
5.2.2 Higher Upfront Cost of Installation, Repair, and Maintenance of HVAC System
5.3 Key Market Opportunities
5.3.1 Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems
5.3.2 Growing Adoption of Low Global Warming Potential Refrigerant
5.4 Future Trends
5.4.1 Integration of IoT into HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC System Market – South & Central America Market Analysis
6.1 South & Central America HVAC System Market Revenue Forecast and Analysis
7. South & Central America HVAC System Market Analysis – By Component
7.1 Overview
7.2 South & Central America HVAC System Market, by Component (2022 and 2030)
7.3 Thermostat
7.3.1 Overview
7.3.2 Thermostat: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Air Handling Units
7.4.1 Overview
7.4.2 Air Handling Units: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Central ACs
7.5.1 Overview
7.5.2 Central ACs: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Furnace
7.6.1 Overview
7.6.2 Furnace: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.1 Heat Pump
7.1.1 Overview
7.1.2 Heat Pump: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Compressor
7.2.1 Overview
7.2.2 Compressor: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America HVAC System Market Analysis – By Type
8.1 Overview
8.2 South & Central America HVAC System Market, By Type (2022 and 2030)
8.3 Split System
8.3.1 Overview
8.3.2 Split System: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.4 Ductless System
8.4.1 Overview
8.4.2 Ductless System: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.5 Packaged System
8.5.1 Overview
8.5.2 Packaged System: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America HVAC System Market Analysis – By Implementation
9.1 Overview
9.2 South & Central America HVAC System Market, By Implementation (2022 and 2030)
9.3 New Installation
9.3.1 Overview
9.3.2 New Installation: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
9.4 Retrofit
9.4.1 Overview
9.4.2 Retrofit: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10. South & Central America HVAC System Market Analysis – By Application
10.1 Overview
10.2 South & Central America HVAC System Market, By Application (2022 and 2030)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.4 Commercial
10.4.1 Overview
10.4.2 Commercial: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
11. South & Central America HVAC System Market
11.1.1 Overview
11.1.2 South & Central America HVAC System Market Breakdown, by Country
11.1.2.1 Brazil HVAC System Market, Revenue and Forecast to 2030
11.1.2.1.1 Brazil HVAC System Market Breakdown, by Application
11.1.2.1.2 Brazil HVAC System Market Breakdown, by Type
11.1.2.1.3 Brazil HVAC System Market Breakdown, by Component
11.1.2.1.4 Brazil HVAC System Market Breakdown, by Implementation
11.1.2.2 Argentina HVAC System Market, Revenue and Forecast to 2030
11.1.2.2.1 Argentina HVAC System Market Breakdown, by Application
11.1.2.2.2 Argentina HVAC System Market Breakdown, by Type
11.1.2.2.3 Argentina HVAC System Market Breakdown, by Component
11.1.2.2.4 Argentina HVAC System Market Breakdown, by Implementation
11.1.2.3 Rest of South & Central America HVAC System Market, Revenue and Forecast to 2030
11.1.2.3.1 Rest of South & Central America HVAC System Market Breakdown, by Application
11.1.2.3.2 Rest of South & Central America HVAC System Market Breakdown, by Type
11.1.2.3.3 Rest of South & Central America HVAC System Market Breakdown, by Component
11.1.2.3.4 Rest of South & Central America HVAC System Market Breakdown, by Implementation
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Mitsubishi Electric Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hitachi Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Daikin Industries Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Emerson Electric Co
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Honeywell International Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 LG Electronics Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Carrier Global Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Johnson Controls Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About
14.2 Word Index

LIST OF TABLES

Table 1. South & Central America HVAC System Market, Revenue and Forecast, 2020–2030 (US$ Million)
Table 2. Brazil HVAC System Market, Revenue and Forecast to 2030 – by Application (US$ million)
Table 3. Brazil HVAC System Market, Revenue and Forecast to 2030 – by Type (US$ million)
Table 4. Brazil HVAC System Market, Revenue and Forecast to 2030 – by Component (US$ million)
Table 5. Brazil HVAC System Market, Revenue and Forecast to 2030 – by Implementation (US$ million)
Table 6. Argentina HVAC System Market, Revenue and Forecast to 2030 – by Application (US$ million)
Table 7. Argentina HVAC System Market, Revenue and Forecast to 2030 – by Type (US$ million)
Table 8. Argentina HVAC System Market, Revenue and Forecast to 2030 – by Component (US$ million)
Table 9. Argentina HVAC System Market, Revenue and Forecast to 2030 – by Implementation (US$ million)
Table 10. Rest of South & Central America HVAC System Market, Revenue and Forecast to 2030 – by Application (US$ million)
Table 11. Rest of South & Central America HVAC System Market, Revenue and Forecast to 2030 – by Type (US$ million)
Table 12. Rest of South & Central America HVAC System Market, Revenue and Forecast to 2030 – by Component (US$ million)
Table 13. Rest of South & Central America HVAC System Market, Revenue and Forecast to 2030 – by Implementation (US$ million)
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. South & Central America HVAC System Market Segmentation
Figure 2. South & Central America HVAC System Market Segmentation – By Country
Figure 3. South & Central America HVAC System Market Overview
Figure 4. South & Central America HVAC System Market, by Component
Figure 5. South & Central America HVAC System Market, by Type
Figure 6. South & Central America HVAC System Market, by Implementation
Figure 7. South & Central America HVAC System Market, by Application
Figure 8. South & Central America HVAC System Market, by Country
Figure 9. South & Central America – PEST Analysis
Figure 10. South & Central America HVAC System Market- Ecosystem Analysis
Figure 11. South & Central America HVAC System Market: Impact Analysis of Drivers and Restraints
Figure 12. South & Central America HVAC System Market Revenue Forecast and Analysis (US$ Million)
Figure 13. South & Central America HVAC System Market Revenue Share, by Component (2022 and 2030)
Figure 14. Thermostat: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Air Handling Units: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Central ACs: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Furnace: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Heat Pump: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Compressor: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Others: South & Central America HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. South & Central America HVAC System Market, By Type (2022 and 2030)
Figure 22. Split System: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Ductless System: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. Packaged System: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. South & Central America HVAC System Market, By Implementation (2022 and 2030)
Figure 26. New Installation: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 27. Retrofit: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. South & Central America HVAC System Market, By Application (2022 and 2030)
Figure 29. Residential: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 30. Commercial: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 31. Industrial: South & Central America HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Figure 32. South & Central America HVAC System Market Breakdown, by Country, 2022 & 2030 (%)
Figure 33. Brazil HVAC System Market, Revenue and Forecast to 2030 (US$ million)
Figure 34. Argentina HVAC System Market, Revenue and Forecast to 2030 (US$ million)
Figure 35. Rest of South & Central America HVAC System Market, Revenue and Forecast to 2030 (US$ million)

The List of Companies – South & Central America HVAC System Market

– Mitsubishi Electric Corp
– Hitachi Ltd
– Daikin Industries Ltd
– Emerson Electric Co
– Honeywell International Inc
– LG Electric Inc
– Carrier Global Corp
– Johnson Controls Inc

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