Australia HVAC Systems Market Report 2023: Forecasts, Revenue, Size, Companies & Growth 2019-2029

DUBLIN, Nov. 22, 2023 /PRNewswire/ -- The "Australia HVAC Systems Market (2023-2029) | Share, Value, Outlook, Analysis, Trends, COVID-19 IMPACT, Industry, Forecast, Revenue, Size, Companies & Growth: Market Forecast By Product Type, By Applications and Competitive Landscape" report has been added to  ResearchAndMarkets.com's offering.

The Australia HVAC System Market experienced an 8.52% increase in value shipments in 2022 compared to 2021, with a -8.19% CAGR between 2017 and 2022.

The market's competitiveness, as measured by the Herfindahl Index (HHI), increased from 1836 in 2017 to 1989 in 2022. Higher HHI indicates fewer players or exporting countries in the market.

Australia relied more on imports in the HVAC System Market, with an import factor of 15.14 in 2022 compared to 16.21 in 2017. China, New Zealand, Malaysia, Thailand, and Italy were prominent players in 2022, with China holding the largest market share at 37.56% and offering products below the average market price.

During the COVID-19 pandemic in 2020, Australia's HVAC system market faced challenges, but government infrastructure spending and programs like the homebuilder initiative supported construction, maintaining market momentum. The market is projected to grow at a CAGR of 7.2% from 2023 to 2029, driven by construction, transportation, and infrastructure sectors.

The cooling segment dominated the market, driven by demand in the commercial and residential sectors, with modern and energy-efficient HVAC systems playing a significant role. Commercial applications led market revenues in 2022, driven by the adoption of HVAC systems in various commercial spaces, including offices, hotels, restaurants, and transportation hubs.

The HVAC system market in Australia is expected to thrive, thanks to government infrastructure investments and the growth of commercial spaces, fostering new HVAC system installations.

Key Highlights of the Report

• Australia HVAC Systems Market Overview
• Australia HVAC Systems Market Outlook
• Australia HVAC Systems Market Forecast
• Historical Data and Forecast of Australia HVAC Systems Market Revenues for the Period 2019-2029F
• Historical Data and Forecast of Market Revenues, By Product Types, for the Period 2019-2029F
• Historical Data and Forecast of Market Revenues, By Applications, for the Period 2019-2029F
• Market Drivers and Restraints
• Australia HVAC System Market Trends
• Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Australia HVAC Systems Revenue Ranking, By Companies
• Competitive Benchmarking

Company Profiles

• Carrier Corporation
• Fujitsu Ltd.
• Daikin Industries Ltd.
• Johnson Controls Inc.
• LG Electronics Inc.
• Midea Group Co Ltd.
• Mitsubishi Electric Corporation
• Panasonic Corporation
• Samsung Electronics Co Ltd
• Trane Inc.

Market Scope and Segmentation

By Product Type

• Heating
• Ventilation
• Cooling

By Applications

• Residential
• Commercial
• Industrial

For more information about this report visit https://www.researchandmarkets.com/r/ns9aw0

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