From GlobeNewswire: 2025-05-07 04:06:00

The HVAC Linset Market was valued at USD 9.28 billion in 2023 and is projected to reach USD 18.12 billion by 2032, with a CAGR of 7.79% from 2024-2032. Demand for energy-efficient HVAC systems in residential and commercial buildings is driving market growth, supported by government incentives and smart technology integration.

In the U.S., the Industrial Boilers Market reached USD 1.27 billion in 2023 and is forecasted to hit USD 2.79 billion by 2032, growing at a CAGR of 9.22%. This growth is attributed to the rising demand for energy-efficient HVAC systems and sustainable building solutions, fueled by government incentives.

The HVAC Linset Market is dominated by key players like Klima Industries, Icool USA, Mandev Tubes, and more. Copper material held a 72.18% market share in 2023 due to its thermal conductivity and corrosion resistance, while new construction accounted for 56.48% of the market, driven by increasing construction activities globally.

Asia Pacific led the HVAC Linset Market in 2023 with a 29.59% revenue share, driven by urbanization, residential construction, and demand for energy-efficient HVAC systems. North America is expected to have the fastest growth rate at 9.51% due to retrofitting older infrastructure with new HVAC systems and green building initiatives.

Recent developments include Daikin Industries’ plan to manufacture 2 million AC units in India during FY25 to establish India as a manufacturing hub for exports. This expansion includes increasing compressor manufacturing capacity and enhancing local research and development efforts.

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