Global Hvac Equipment Market 2024

Hvac Equipment Market Size

In 2022, the global HVAC equipment market increased by X% to $X, rising for the second year in a row after two years of decline. 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 only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hvac Equipment Production

In value terms, HVAC equipment production amounted 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 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Hvac Equipment Exports

Exports

In 2022, the amount of HVAC equipment exported worldwide was estimated at X units, with an increase of X% on the year before. In general, total exports indicated noticeable growth 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, HVAC equipment exports expanded significantly to $X in 2022. The total export 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 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the key exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Hong Kong SAR (X units), creating an X% share of total exports. The following exporters - Thailand (X units), Cambodia (X units), Germany (X units), Italy (X units), the United States (X units), Mexico (X units) and Kyrgyzstan (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Kyrgyzstan (X%), Thailand (X%), Mexico (X%), Italy (X%), Germany (X%) and the United States (X%) displayed positive paces of growth. Moreover, Cambodia 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. While the share of Cambodia (X p.p.), Thailand (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, HVAC equipment exports expanded at an average annual rate of X% over the period from 2012-2022. 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 recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. The global export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

Global HVAC equipment imports stood at X units in 2022, with an increase of X% compared with the year before. Overall, total imports indicated a measured 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 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, HVAC equipment imports amounted to $X in 2022. The total import 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 pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) and Hong Kong SAR (X units) represented the largest importers of HVAC equipmentaround the world, together reaching approx. X% of total imports. China (X units) ranks next in terms of the total imports with a X% share, followed by Mexico (X%). The following importers - Italy (X units), the Netherlands (X units), Thailand (X units), Turkey (X units), Germany (X units), Russia (X units), Brazil (X units), Poland (X units) and Spain (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (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 Italy, with a X% share.

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

Import Prices by Country

In 2022, the average HVAC equipment import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Global import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Hong Kong SAR ($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