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Heating and Cooling Market Share

Report ID: GMI4380
Published Date: Jul 2024
Report Format: PDF

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Heating and Cooling Market Share

Heating and Cooling Market Company Share Analysis, 2023

Daikin is a global leader in the global market, holding a significant share due to its innovative technologies and extensive product range. The company offers air conditioning, heating, ventilation, and refrigeration solutions, catering to residential, commercial, and industrial sectors worldwide. Daikin's market presence is strengthened by its focus on energy efficiency and sustainability, making it a key player in the HVAC industry.

Heating and Cooling Market Companies

Some of the key market players operating across the heating and cooling industry are:

Daikin
Danfoss
Empower
Engie
Fortum
Goodman Manufacturing Company
Haier Group
Johnson Controls
Lennox International Inc.
Mitsubishi Electric Corporation
Rheem Manufacturing Company
SNC Lavalin
Siemens
Trane
Veolia

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

Global industry size for heating and cooling was valued at USD 1.18 trillion in 2023 and is anticipated to register 5.1% CAGR between 2024 and 2032, driven by the increasing demand for energy-efficient HVAC solutions and the increasing global trends towards sustainability and regulatory compliance.

The residential segment in the heating and cooling market is projected to record 4% CAGR through 2032, driven by increasing consumer demand for energy-efficient and eco-friendly HVAC (heating, ventilation, and air conditioning) systems.

Asia Pacific is expected to reach USD 590 billion by 2032 due to advancements in energy-efficient technologies, and government initiatives promoting sustainable development.

Daikin, Danfoss, Empower, Engie, Fortum, Goodman Manufacturing Company, Haier Group, Johnson Controls, and Lennox International Inc., among others.