Product Code: ETC005861 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The China HVAC System Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Starting high at 2.04% in 2025, the market steadily declines to 1.77% by 2029.
The HVAC system market in China is anticipated to expand at a CAGR of 8.2% from 2020 to 2026, driven by the increasing government initiatives to promote energy efficient systems and growing industrialization in this country. The Chinese government has been taking up various measures for promoting power efficiency and reducing energy consumption, which will further propel the growth of the HVAC market in China over the forecast period. Additionally, rising construction activities across commercial as well as residential sectors are expected to boost demand for air conditioning systems during the forecast period
Companies such as Daikin Industries Ltd., Gree Electric Appliances Inc., Midea Group Co., Ltd., Johnson Controls International plc, LG Electronics Inc., United Technologies Corporation (Carrier), Fujitsu General Limited, Ingersoll Rand plc and Panasonic Corporation are some of key players operating in HVAC system market in China
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China HVAC System Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China HVAC System Market Revenues & Volume, 2019 & 2026F |
3.3 China HVAC System Market - Industry Life Cycle |
3.4 China HVAC System Market - Porter's Five Forces |
3.5 China HVAC System Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 China HVAC System Market Revenues & Volume Share, By End-User, 2019 & 2026F |
4 China HVAC System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and industrialization in China leading to higher demand for HVAC systems. |
4.2.2 Government initiatives promoting energy efficiency and sustainability in buildings, driving the adoption of advanced HVAC technologies. |
4.2.3 Growth in construction activities, particularly in the commercial and residential sectors, boosting the demand for HVAC systems. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting manufacturing costs of HVAC systems. |
4.3.2 Stringent regulations and compliance requirements related to environmental standards and refrigerants, posing challenges for HVAC system manufacturers. |
4.3.3 Intense market competition leading to pricing pressures for HVAC system providers. |
5 China HVAC System Market Trends |
6 China HVAC System Market, By Types |
6.1 China HVAC System Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 China HVAC System Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 China HVAC System Market Revenues & Volume, By Heating, 2016 - 2026F |
6.1.4 China HVAC System Market Revenues & Volume, By Cooling, 2016 - 2026F |
6.1.5 China HVAC System Market Revenues & Volume, By Ventilation, 2016 - 2026F |
6.2 China HVAC System Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 China HVAC System Market Revenues & Volume, By Residential, 2016 - 2026F |
6.2.3 China HVAC System Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.2.4 China HVAC System Market Revenues & Volume, By Industrial, 2016 - 2026F |
7 China HVAC System Market Import-Export Trade Statistics |
7.1 China HVAC System Market Export to Major Countries |
7.2 China HVAC System Market Imports from Major Countries |
8 China HVAC System Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC systems being adopted in China. |
8.2 Adoption rate of smart HVAC technologies in buildings and homes. |
8.3 Number of new construction projects integrating advanced HVAC systems with energy-saving features. |
8.4 Rate of adoption of renewable energy sources in HVAC systems. |
8.5 Customer satisfaction ratings for HVAC system providers in terms of service quality and performance. |
9 China HVAC System Market - Opportunity Assessment |
9.1 China HVAC System Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 China HVAC System Market Opportunity Assessment, By End-User, 2019 & 2026F |
10 China HVAC System Market - Competitive Landscape |
10.1 China HVAC System Market Revenue Share, By Companies, 2019 |
10.2 China HVAC System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |