Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Report 2026

Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Overview

• Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment market size has reached to $597.12 billion in 2025

• Expected to grow to $788.4 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%

• Growth Driver: Global Construction Industry Expansion Fueling Growth In Hvac And Commercial Refrigeration Equipment Market

• Market Trend: Wind-Free Technology Revolutionizes Air Conditioning For Enhanced Comfort And Energy Efficiency

• Asia-Pacific was the largest region in 2025.

What Is Covered Under Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market?

The ventilation, heating, air-conditioning, and commercial refrigeration equipment refers to equipment used for ventilating, heating, and cooling of commercial buildings. This equipment includes both a central heating unit and a central cooling system. This equipment is used to operate complex environmental systems efficiently.

The main types of ventilation, heating, air-conditioning, and commercial refrigeration equipment are HVAC and commercial and industrial refrigeration equipment, commercial fan, and air purification equipment, and heating equipment (except warm air furnaces). The commercial fan and air purification equipment refer to the equipment that is used for the purification of air. The various capacities include small, medium, and large. The various end-users are residential, commercial, and industrial.

What Is The Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Size and Share 2026?

The ventilation, heating, air-conditioning, and commercial refrigeration equipment market size has grown steadily in recent years. It will grow from $597.12 billion in 2025 to $626.31 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to commercial construction growth, expansion of retail refrigeration, demand for thermal comfort, industrial cooling needs, urban infrastructure development.

Tariff Impact On Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market

Tariffs have impacted the ventilation heating air conditioning and commercial refrigeration equipment market by raising costs

Global Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Segmentation

1) By Type: HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (Except Warm Air Furnaces)

2) By Capacity: Small, Medium, Large

3) By End-Use: Commercial, Industrial

Subsegments:

1) By HVAC And Commercial And Industrial Refrigeration Equipment: Heating, Ventilation, And Air Conditioning (HVAC) Systems, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment, Chillers, Refrigeration Condensing Units

2) By Commercial Fan And Air Purification Equipment: Commercial Fans, Air Purification Systems

3) By Heating Equipment (Except Warm Air Furnaces): Boilers, Heat Pumps, Radiators, Underfloor Heating Systems

What Is The Driver Of The Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market?

The expansion of the construction industry globally is expected to propel the growth of the ventilation, heating, air-conditioning, and commercial refrigeration equipment markets in the forecast period. The construction industry refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructure. The construction of new commercial spaces necessitates HVAC systems to maintain indoor comfort, while the residential construction sector drives demand for efficient heating and cooling systems favored by homebuyers and renters for comfort and energy efficiency. For instance, in August 2023, according to a report published by the U.S. Census Bureau, a US-based Federal Statistical System, construction expenditure accounted for $1,938.4 billion in June 2023, indicating a 3.5% percent increase from the estimated expenditure of $1,873.2 billion in June 2022. Therefore, expanding the construction industry will drive the growth of the ventilation, heating, air-conditioning, and commercial refrigeration equipment markets going forward.

What Is The Driver Of The Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market?

The expansion of the construction industry globally is expected to propel the growth of the ventilation, heating, air-conditioning, and commercial refrigeration equipment markets in the forecast period. The construction industry refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructure. The construction of new commercial spaces necessitates HVAC systems to maintain indoor comfort, while the residential construction sector drives demand for efficient heating and cooling systems favored by homebuyers and renters for comfort and energy efficiency. For instance, in August 2023, according to a report published by the U.S. Census Bureau, a US-based Federal Statistical System, construction expenditure accounted for $1,938.4 billion in June 2023, indicating a 3.5% percent increase from the estimated expenditure of $1,873.2 billion in June 2022. Therefore, expanding the construction industry will drive the growth of the ventilation, heating, air-conditioning, and commercial refrigeration equipment markets going forward.

Global Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Trends and Insights

Major manufacturers operating in the market focus on incorporating wind-free technology into air conditioners to strengthen and enhance their product offerings. Wind-Free technology is an innovative feature in air conditioning systems that aims to provide a more comfortable cooling experience while minimizing direct airflow and enabling market players to provide consumers with a quieter, more comfortable, and more energy-efficient cooling experience. For instance, in February 2023, Samsung Electronics Co. Ltd., a South Korea-based electronics manufacturer specializing in consumer electronics, telecommunications, and home appliances, launched its latest generation of Wind-Free air conditioners in the Indian market. The new lineup includes Wi-Fi-enabled models featuring advanced functionalities such as AI auto-cooling, welcome cooling, motion detection sensors, and voice control. Notably, the wind-free technology incorporated in the air conditioners can deliver energy savings of up to 77%. In comparison, the convertible 5-in-1 ACs equipped with digital inverter technology can help achieve energy savings of up to 41%.

What Are Latest Mergers And Acquisitions In The Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market?

In August 2025, Robert Bosch GmbH, a Germany-based multinational engineering and technology company, completed the acquisition of the residential and light commercial HVAC business from Johnson Controls and Hitachi for $8 billion. With this acquisition, Bosch aims to expand its presence in the HVAC market, strengthen its product portfolio across residential and light commercial segments, enhance operational synergies, and drive long-term growth in global heating, ventilation, and air conditioning solutions. Johnson Controls and Hitachi, a Japan-based commercial company that offers a ventilation, heating, air-conditioning, and commercial refrigeration equipment.

Regional Outlook

Asia-Pacific was the largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market in 2025. North America was the second-largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

What Defines the Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market?

The ventilation, heating, air-conditioning, and commercial refrigeration equipment market consists of sales of ventilation, heating, air-conditioning, and commercial refrigeration equipment, including heating equipment (except warm air furnaces), air-conditioning, and warm air heating equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Report 2026?

The ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the ventilation, heating, air-conditioning, and commercial refrigeration equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.