Global Hvac Equipment Market 2024

Hvac Equipment Market Size

The global HVAC equipment market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Hvac Equipment Production

In value terms, HVAC equipment production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports

In 2022, the amount of HVAC equipment exported worldwide totaled X units, approximately equating the year before. In general, exports posted measured growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, HVAC equipment exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Hong Kong SAR (X units) and Germany (X units), together achieving a X% share of total exports. Thailand (X units), Taiwan (Chinese) (X units), the United States (X units), Kyrgyzstan (X units), Mexico (X units), the Netherlands (X units) and Italy (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to HVAC equipment exports from China stood at X%. At the same time, Kyrgyzstan (X%), the Netherlands (X%), Thailand (X%), Mexico (X%), the United States (X%), Italy (X%), Taiwan (Chinese) (X%) and Germany (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Kyrgyzstan (X p.p.), China (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest HVAC equipment supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Thailand ($X), with a X% share of global exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Hvac Equipment Imports

Imports

For the third year in a row, the global market recorded growth in supplies from abroad of HVAC equipment, which increased by X% to X units in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, HVAC equipment imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units), Hong Kong SAR (X units) and China (X units) represented the major importer of HVAC equipment in the world, making up X% of total import. Germany (X units) took the next position in the ranking, followed by Mexico (X units). All these countries together held approx. X% share of total imports. Thailand (X units), Taiwan (Chinese) (X units), the Netherlands (X units), Italy (X units), Poland (X units), Turkey (X units), Brazil (X units) and Japan (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported HVAC equipment worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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