What is the Commercial HVAC Market Size?
According to 6Wresearch internal database and industry insights,
Global Commercial HVAC Market was valued at approximately USD 85.7 billion in 2024 and is projected to exceed USD 112.3 billion by 2031. The market is registering a steady CAGR of 3.9% during the coming years.
This growth is driven by rapid urbanization, stringent energy efficiency regulations, and increasing demand for advanced climate control systems in commercial buildings such as offices, hospitals, shopping malls and data centers.
Key Growth Factors
- Rising investments in smart and energy-efficient buildings
- Strict government norms on indoor air quality and carbon emissions
- Integration of IoT and smart controls in HVAC systems
- Expansion of commercial construction activities globally
- Growing need for retrofit and replacement of old HVAC units
- Increasing demand for HVAC maintenance and energy management services
Market Trends
The commercial HVAC market is expected to expand steadily from 2025 to 2031, supported by technological advancements trends like smart thermostats, sensor-based ventilation, and AI-enabled predictive maintenance. Adoption of eco-friendly refrigerants and renewable energy-based heating and cooling solutions will further shape the market. Demand for modular HVAC systems and hybrid solutions is also on the rise, especially in urban commercial hubs.
Major Companies
- Carrier Global Corporation
- Daikin Industries, Ltd.
- Johnson Controls International plc
- Trane Technologies plc
- Lennox International Inc.
Commercial HVAC Market Size 2025
Increasing focus on energy savings and remote monitoring is boosting the adoption of smart thermostats and IoT-enabled HVAC controls in commercial buildings.
Manufacturers are adopting eco-friendly refrigerants and energy-efficient technologies to comply with global emission standards and green building certifications.
Heating and ventilation units for office complexes, shopping centers, and healthcare facilities account for a major market share due to consistent demand.
Challenges include fluctuating raw material prices, high initial costs for advanced systems, and the need for skilled technicians for installation and maintenance.
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