From GlobeNewswire: 2025-06-06 09:30:00

The HVAC Systems Market was valued at USD 265.54 billion in 2024, projected to reach USD 459.55 billion by 2032, growing at a CAGR of 7.10%. The shift is driven by smart technologies and sustainability demands, with the U.S. market expected to reach USD 49.09 billion by 2032, growing at a CAGR of 7.33%.

Heat pumps and residential use lead the market, with air purifiers and industrial demand rising fastest in 2024. The heat pump segment held the largest share in 2024 due to its energy efficiency. Air purifiers are the fastest-growing segment, driven by awareness of indoor air pollution.

The residential segment dominates the market with a 42% share as of 2024, driven by urbanization and energy-efficient climate control. The industrial segment is witnessing the fastest growth due to climate control needs in key industries. Asia Pacific commands 47% share in the global market in 2024, driven by urban growth and sustainability push.

North America remains a key contributor to the market, supported by strict environmental regulations and emphasis on energy-efficient solutions. IoT and smart technologies are growing trends enabling precise climate control and improved energy consumption. SNS Insider is a leading market research agency providing current, accurate market data and consumer insights globally.



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