Global HVAC Rooftop Units Market Size To Exceed USD 84.25 Billion By 2035 | CAGR of 5.44%
Category: Advanced MaterialsGlobal HVAC Rooftop Units Market Size To Exceed USD 84.25 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global HVAC Rooftop Units Market Size is expected to grow from USD 47.05 Billion in 2024 to USD 84.25 Billion by 2035, at a CAGR of 5.44% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 117 Market data tables and figures & charts from the report on the "Global HVAC Rooftop Units Market Size, Share, and COVID-19 Impact Analysis, By Capacity (Upto 3 Tons, 3 to 7 Tons, 7 to 15 Tons, 15 to 25 Tons, 25 to 45 Tons, and Above 45 Tons), By Application (Commercial, Industrial, and Residential), By Distribution Channel (New Installation and Replacement), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/hvac-rooftop-units-market
The HVAC rooftop units market refers to the market emphasizing the design, manufacturing, and selling of HVAC units that are installed on the roofs of buildings, primarily commercial buildings. HVAC rooftop units, or RTUs, are packaged HVAC systems that provide heating, cooling, and ventilation to a building in a self-contained, space-efficient manner. The growing demand for energy-efficient heating solutions and preference for sustainable & energy-efficient buildings, along with the increasing investment in construction and replacement needs for HVAC rooftop units, is bolstering the market growth opportunities. An increasing demand for cooling and heating systems for commercial use due to factors including urbanization, consumer awareness about energy-efficient solutions, and the need for comfort & productivity in commercial space is driving the HVAC rooftop units market. On the contrary, the high installation & maintenance costs, as well as the availability of skilled labor & alternative cooling solutions, are challenging the market growth.
The 3 to 7 tons segment dominated the market with the largest market share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the capacity, the HVAC rooftop units market is divided into upto 3 tons, 3 to 7 tons, 7 to 15 tons, 15 to 25 tons, 25 to 45 tons, and above 45 tons. Among these, the 3 to 7 tons segment dominated the market with the largest market share in 2024 and is projected to grow at a substantial CAGR during the forecast period. 3 to 7 tons of rooftop units are used among medium-sized commercial spaces, including larger retail stores, restaurants, and small offices that are measured as between 1500 and 3500 square feet.
The commercial segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the HVAC rooftop units market is divided into commercial, industrial, and residential. Among these, the commercial segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. An increasing investment in advanced HVAC systems to cater to the demand for improved air quality in commercial spaces is propelling the market.
The replacement segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the HVAC rooftop units market is divided into new installation and replacement. Among these, the replacement segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Several benefits offered by HVAC rooftop units replacements along with an aging infrastructure of existing buildings are propelling the market.
Asia Pacific is expected to hold the majority share of the global HVAC rooftop units market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global HVAC rooftop units market during the forecast period. An increasing demand for commercial spaces, with the region’s strong economic growth that drives the demand for innovative and high quality HVAC equipment and services is driving the market demand. Further, an increasing number of construction projects driven by urban infrastructure and commercial buildings are contribution to propel the market.
North America is anticipated to grow at the fastest pace in the global HVAC rooftop units market during the forecast period. The emergence of smart HVAC systems that are increasingly being connected to the internet that enables data sharing, efficient monitoring, and predictive maintenance are driving the market. The increasing demand for HVAC rooftop systems across commercial, industrial, and residential sectors is propelling the market.
Europe is anticipated to hold a substantial share of the HVAC rooftop units market during the predicted timeframe. The technological advancements, including the IoT integration are significantly contributing to propel the market growth. Further, the growing focus on energy efficiency, environmental regulations, and smart building technologies contributing to propel the market.
Major vendors in the global HVAC rooftop units market are Carrier, DAIKIN INDUSTRIES, Ltd., Johnson Controls, LG Electronics., Danfoss, Lennox International, Inc., Rheem Manufacturing Company, Trane, SAMSUNG, Mitsubishi Electric Corporation, Fujitsu, AAON, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In May 2024, Johnson Controls, the global leader for smart, healthy, and sustainable buildings, announced the expansion of the award-winning YORK Sun Premier commercial rooftop unit (RTU) portfolio with new 90-150-ton units.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the HVAC rooftop units market based on the below-mentioned segments:
Global HVAC Rooftop Units Market, By Capacity
- Upto 3 Tons
- 3 to 7 Tons
- 7 to 15 Tons
- 15 to 25 Tons
- 25 to 45 Tons
- Above 45 Tons
Global HVAC Rooftop Units Market, By Application
- Commercial
- Industrial
- Residential
Global HVAC Rooftop Units Market, By Distribution Channel
- New Installation
- Replacement
Global HVAC Rooftop Units Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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