The SAM HVAC system market is expected to grow from US$ 12,344.61 million in 2022 to US$ 18,345.59 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2022 to 2028.

Growing Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems

A traditional HVAC system is a split system with units both inside and outside the premises. The furnace is often located in a basement or garage. The air conditioner’s condenser unit cools off the refrigerant gas that cools down the air in the evaporator within the furnace unit outside the premise. Outside units produce a lot of noise, while indoor units are mostly low on noise. These older systems have less energy efficiency, and they generate and contribute to the emission of greenhouse gases due to the use of components with old standards in the system. They also need frequent maintenance, increasing the overhead costs. Modern ductless HVAC systems, also known as mini splits, are built to function without ducts. They are made up of an exterior unit connected to an air conditioner or heat pump with a tiny fan coil. These systems are typically more expensive to install initially, but as they are usually more energy-efficient, they compensate for initial high installation costs in very less time. As a result of these systems’ zone-based functionality, individual units are deployed in various parts of the premise and used to regulate the temperature. These newer systems save and conserve energy by heating and cooling only the areas of premises that are in use. There is much less possibility of air pollution with ductless HVAC systems than with traditional ones. There is ductwork in traditional HVAC systems to hold a build-up of impurities that spread throughout the building. Since there is no ductwork in newer ones, there is no potential for leaks that could lead to energy loss. Such benefits provided by newer HVAC systems are creating the need for replacing traditional ones, eventually creating opportunities for the HVAC system market players.

Market Overview

Based on geography, the South America (SAM) HVAC system market is segmented into Brazil, Argentina, and the Rest of SAM. The HVAC sector of the South American region is steadily growing owing to various government initiatives to promote and develop the regional construction infrastructure. Countries such as Brazil and Columbia across the region has the presence of large number of international HVAC manufacturers. For these reasons, it is vital to boost energy savings and customer flexibility. Hence, there is growing demand for HVAC systems across countries like Brazil, Argentina, Colombia, and others. Digital technologies and smart policies can be implemented to translate immediate energy savings into structural improvements, and long-term, that supports consumers and electricity systems while maintaining, and controlling low carbon intensity in the region. According to the International Energy Agency (IEA), by 2050, two-thirds of the world’s households is projected to have some of the HVAC systems such as Central ACs, compressors, Thermostats, etc. Further, several initiatives like The Super-Efficient Equipment and Appliance Deployment Initiative SEAD that promotes the manufacture, purchase, and use of energy-efficient appliances, lighting, and equipment worldwide which includes HVAC systems, and the Power System Flexibility Campaign are new inclusive platforms to exchange finest practices and develop solutions in HVAC industry are projected to encourage market players.

SAM HVAC System Market Revenue and Forecast to 2028 (US$ Million)

SAM HVAC System Market Segmentation

The SAM HVAC system market is segmented based on component, type, implementation, application, and country.

Based on component, the SAM HVAC system market is segmented into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. Central ACs segment held a largest market share in 2022.

Based on type, the SAM HVAC system market is segmented into split system, ductless system, and packaged system. Split system segment dominated the market in 2022.

Based on implementation, the SAM HVAC system market is bifurcated into new installation and retrofit. New installation segment held a larger market share in 2022.

Based on application, the SAM HVAC system market is segmented into residential, commercial, and industrial. Residential segment dominated the market in 2022.

Based on country, the SAM HVAC system market is segmented into Brazil, Argentina, and rest of SAM. Brazil dominated the market in 2022.

Carrier Global Corporation; Daikin Industries, Ltd.; Emerson Electric Co.; EVAPCO, Inc.; Honeywell International Inc.; Johnson Controls, Inc.; Lennox International Inc.; LG Electronics; Rheem Manufacturing Company; and Trane are among the leading companies in the SAM HVAC system market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM HVAC System Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM HVAC System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Energy-efficient Solutions
5.1.2 Development of Smart HVAC System
5.2 Key Market Restraints
5.2.1 Lack of Skilled Technical Workforce
5.3 Key Market Opportunities
5.3.1 Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems
5.4 Future Trends
5.4.1 Integration of IoT into HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC System Market – SAM Analysis
6.1 SAM HVAC System Market Overview
6.2 SAM HVAC System Market Revenue Forecast and Analysis
6.3 SAM HVAC System Market Volume Forecast and Analysis
7. SAM HVAC System Market Analysis – By Component
7.1 Overview
7.2 SAM HVAC System Market, by Component (2021 and 2028)
7.3 Thermostat
7.3.1 Overview
7.3.2 Thermostat: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Air Handling Units
7.4.1 Overview
7.4.2 Air Handling Units: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Central ACs
7.5.1 Overview
7.5.2 Central ACs: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Furnace
7.6.1 Overview
7.6.2 Furnace: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Heat Pump
7.7.1 Overview
7.7.2 Heat Pump: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Compressor
7.8.1 Overview
7.8.2 Compressor: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM HVAC System Market Analysis – By Type
8.1 Overview
8.2 SAM HVAC System Market, By Type (2021 and 2028)
8.3 Split System
8.3.1 Overview
8.3.2 Split System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Ductless System
8.4.1 Overview
8.4.2 Ductless System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
8.5 Packaged System
8.5.1 Overview
8.5.2 Packaged System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
9. SAM HVAC System Market Analysis – By Implementation
9.1 Overview
9.2 SAM HVAC System Market, By Implementation (2021 and 2028)
9.3 New Installation
9.3.1 Overview
9.3.2 New Installation: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
9.4 Retrofit
9.4.1 Overview
9.4.2 Retrofit: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10. SAM HVAC System Market Analysis – By Application
10.1 Overview
10.2 SAM HVAC System Market, By Application (2021 and 2028)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10.3.3 Residential: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
10.4 Commercial
10.4.1 Overview
10.4.2 Commercial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10.4.3 Commercial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10.5.3 Industrial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
11. SAM HVAC System Market – Country Analysis
11.1 Overview
11.1.1 SAM HVAC System Market Breakdown, by Country
11.1.1.1 Brazil HVAC System Market, Revenue and Forecast to 2028
11.1.1.1.1 Brazil HVAC System Market Breakdown, by Component
11.1.1.1.2 Brazil HVAC System Market Breakdown, by Type
11.1.1.1.3 Brazil HVAC System Market Breakdown, by Implementation
11.1.1.1.4 Brazil HVAC System Market Breakdown, by Application
11.1.1.1.5 Brazil HVAC System Market Breakdown, by Application (Volume)
11.1.1.2 Argentina HVAC System Market, Revenue and Forecast to 2028
11.1.1.2.1 Argentina HVAC System Market Breakdown, by Component
11.1.1.2.2 Argentina HVAC System Market Breakdown, by Type
11.1.1.2.3 Argentina HVAC System Market Breakdown, by Implementation
11.1.1.2.4 Argentina HVAC System Market Breakdown, by Application
11.1.1.2.5 Argentina HVAC System Market Breakdown, by Application (Volume)
11.1.1.3 Rest of SAM HVAC System Market, Revenue and Forecast to 2028
11.1.1.3.1 Rest of SAM HVAC System Market Breakdown, by Component
11.1.1.3.2 Rest of SAM HVAC System Market Breakdown, by Type
11.1.1.3.3 Rest of SAM HVAC System Market Breakdown, by Implementation
11.1.1.3.4 Rest of SAM HVAC System Market Breakdown, by Application
11.1.1.3.5 Rest of SAM HVAC System Market Breakdown, by Application (Volume)
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Daikin Industries, Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Emerson Electric Co.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Honeywell International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Johnson Controls, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 LG Electronics
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Carrier Global Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Lennox International Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Service
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Trane
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 EVAPCO, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Rheem Manufacturing Company
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES

Table 1.             SAM HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Table 2.             SAM HVAC System Market Revenue and Forecast to 2028 (Thousand Units)
Table 3.             Brazil HVAC System Market, Revenue and Forecast to 2028 – by Component (US$ million)
Table 4.             Brazil HVAC System Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 5.             Brazil HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 6.             Brazil HVAC System Market, Revenue and Forecast to 2028 – by Application (US$ million)
Table 7.             Brazil HVAC System Market, Revenue and Forecast to 2028 – by Application (Volume) (Thousand Units)
Table 8.             Argentina HVAC System Market, Revenue and Forecast to 2028 – by Component (US$ million)
Table 9.             Argentina HVAC System Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 10.          Argentina HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 11.          Argentina HVAC System Market, Revenue and Forecast to 2028 – by Application (US$ million)
Table 12.          Argentina HVAC System Market, Revenue and Forecast to 2028 – by Application (Volume) (Thousand Units)
Table 13.          Rest of SAM HVAC System Market, Revenue and Forecast to 2028 – by Component (US$ million)
Table 14.          Rest of SAM HVAC System Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 15.          Rest of SAM HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 16.          Rest of SAM HVAC System Market, Revenue and Forecast to 2028 – by Application (US$ million)
Table 17.          Rest of SAM HVAC System Market, Revenue and Forecast to 2028 – by Application (Volume) (Thousand Units)
Table 18.          List of Abbreviation
 
 

LIST OF FIGURES

Figure 1.           SAM HVAC System Market Segmentation
Figure 2.           SAM HVAC System Market Segmentation – By Country
Figure 3.           SAM HVAC System Market Overview
Figure 4.           SAM HVAC System Market, by Application
Figure 5.           SAM HVAC System Market, by Country
Figure 6.           SAM – PEST Analysis
Figure 7.           SAM HVAC System Market- Ecosystem Analysis
Figure 8.           SAM HVAC System Market: Impact Analysis of Drivers and Restraints
Figure 9.           SAM HVAC System Market Revenue Forecast and Analysis (US$ Million)
Figure 10.        SAM HVAC System Market Revenue Forecast and Analysis (Thousand Units)
Figure 11.        SAM HVAC System Market Revenue Share, by Component (2021 and 2028)
Figure 12.        SAM Thermostat: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13.        SAM Air Handling Units: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14.        SAM Central ACs: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15.        SAM Furnace: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16.        SAM Heat Pump: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17.        SAM Compressor: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18.        SAM Others: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19.        SAM HVAC System Market, By Type (2021 and 2028)
Figure 20.        SAM Split System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 21.        SAM Ductless System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 22.        SAM Packaged System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 23.        SAM HVAC System Market, By Implementation (2021 and 2028)
Figure 24.        SAM New Installation: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 25.        SAM Retrofit: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 26.        SAM HVAC System Market, By Application (2021 and 2028)
Figure 27.        SAM Residential: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 28.        SAM Residential: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
Figure 29.        SAM Commercial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 30.        SAM Commercial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
Figure 31.        SAM Industrial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 32.        SAM Industrial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
Figure 33.        SAM HVAC System Market, by Key Country – Revenue (2021) (US$ Million)
Figure 34.        SAM HVAC System Market Breakdown, by Country, 2021 & 2028 (%)
Figure 35.        Brazil HVAC System Market, Revenue and Forecast to 2028 (US$ million)
Figure 36.        Brazil: HVAC System Market – Volume and Forecast to 2028 (Thousand Units)
Figure 37.        Argentina HVAC System Market, Revenue and Forecast to 2028 (US$ million)
Figure 38.        Argentina: HVAC System Market – Volume and Forecast to 2028 (Thousand Units)
Figure 39.        Rest of SAM HVAC System Market, Revenue and Forecast to 2028 (US$ million)
Figure 40.        Rest of SAM: HVAC System Market – Volume and Forecast to 2028 (Thousand Units)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM HVAC system market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the SAM HVAC system market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the HVAC system market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – South America HVAC System Market

● Carrier Global Corporation
● Daikin Industries, Ltd.
● Emerson Electric Co.
● EVAPCO, Inc.
● Honeywell International Inc.
● Johnson Controls, Inc.    
● Lennox International Inc.   
● LG Electronics     
● Rheem Manufacturing Company
● Trane