HVAC Packaged Unit Market Report 2025 (Global Edition)

Global HVAC Packaged Unit Market Report 2025 Market Size Split by Installation Type Outlook: (Ground/Floor Mounted, Ceiling Mounted/Ducted, Rooftop Mounted), by Condenser Type Outlook: (Air Condenser,...

HVAC Packaged Unit Market Report Description

We have various report editions of HVAC Packaged Unit Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Imapct of Trumph Tariff on Electronics and Electrical Industry

In 2025, global trade has entered a period of renewed volatility as the U.S., under President Donald Trump, introduced sweeping tariffs known as the Liberation Day Tariffs. Aimed at addressing trade imbalances and foreign supply chain dominance, the tariffs range from 10% on allies like Australia and the UK to 46% on Vietnamese goods and 34% on Chinese imports. A 25% universal tariff on steel, aluminum, and auto parts has further strained global trade ties. The electronics sector is among the hardest hit, particularly due to the escalating U.S.China trade war. Tariffs on Chinese goods now reach up to 145% in sectors like semiconductors and consumer electronics, while China has retaliated with up to 125% duties and restrictions on critical mineral exports. This has disrupted just-in-time supply chains and increased component costs.

Specific tariffs include 25% on semiconductors, 20% on lithium-ion batteries, and 10–15% on consumer electronics like laptops and tablets, leading to higher retail prices and reduced consumer demand. Sub-sectors such as home automation, computer hardware, communication electronics, medical devices, and industrial electronics are all under pressure due to rising input costs and supply chain delays. Companies are revisiting suppliers, shifting sourcing to countries like India, Mexico, and Vietnam, and redesigning products to avoid high-tariff components.

China remains a key player, contributing USD 119 billion in electronics exports to the U.S. in 2023. Even components routed through countries like Malaysia and Vietnam often rely on Chinese subparts, making the ripple effect of tariffs widespread. U.S. electronics firms operating on thin margins are seeing input costs rise 18–25%, with contract manufacturers in alternative regions facing capacity constraints.

Market research is now critical. It helps companies identify new suppliers, analyze cost trends, optimize product design, forecast demand shifts, and track regulatory changes. Tools like supplier mapping, BOM optimization, and scenario planning support strategic responses to ongoing disruptions. Leading firms like Apple and Dell are expanding production outside China, while others invest in digital supply chain tools and redesign products for cost resilience. In this evolving trade environment, firms that leverage research-driven strategies are better positioned to adapt and thrive.

HVAC Packaged Unit Market Insights Video

Competitive Landscape of the HVAC Packaged Unit Market

The HVAC packaged unit market is highly competitive, with a mix of established global players and regional manufacturers vying for market share. Key companies in the market include industry giants such as Carrier Global Corporation, Trane Technologies, Daikin Industries, Lennox International, and Johnson Controls.

In January 2024, LG Electronics launched R32 air-to-water heat pump and furnace which utilizes the environmentally friendly refrigerant R32, meeting the latest standards and ensuring reliable heating performance even at low temperatures. (Source: https://www.lg.com/za/about-lg/press-and-media/lg-unveils-latest-hvac-solutions-at-ahr-expo-2024/) In September 2023, Johnson Controls launched YMAE Air-to-Water Inverter Scroll Modular Heat Pump, designed for the North American market, offers high efficiency and sustainability for offices and schools seeking to reduce environmental impact and transition to electric heating and cooling. Utilizing R-454B refrigerant, it slashes climate impact by nearly 80% compared to R-410A and will be available in both single and packaged-module configurations. (Source: https://www.johnsoncontrols.com/media-center/news/press-releases/2023/09/21/johnson-controls-launches-energy-efficient-air-to-water-heat-pump-in-north-america)

Top Companies Market Share in HVAC Packaged Unit Industry: (In no particular order of Rank)

• Sumsung
• Robert Bosch
• Daikin corporation
• Lennox international
• AbsolutAire
• Johnson controls
• Haier
• Magic Aire
• Midea
• Mitsubishi Electric
• Carrier Corporation
• Eco-Products
• Inc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the HVAC Packaged Unit Market

Which Region Dominates the HVAC Packaged Unit Market in 2024?

According to Cognitive Market Research, North America dominates the HVAC packaged unit market due to several key factors. The region experiences extreme climate conditions, creating a high demand for reliable heating, ventilation, and air conditioning systems. Additionally, the growing construction industry, particularly in commercial and residential sectors, drives the need for efficient HVAC solutions. The region's focus on energy efficiency, environmental sustainability, and technological advancements also contributes to the demand for high-performance packaged units.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest growing region in the HVAC packaged unit market due to rapid urbanization, industrialization, and increasing infrastructure development. The region's growing middle class and rising disposable incomes have led to higher demand for comfort and energy-efficient HVAC systems in both residential and commercial spaces. Additionally, extreme weather conditions in countries like India, China, and Southeast Asia create a strong need for reliable heating and cooling solutions.

The current report Scope analyzes HVAC Packaged Unit Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America HVAC Packaged Unit Market Analysis

According to Cognitive Market Research, the global HVAC Packaged Unit market size was estimated at USD 52154.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 20861.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the HVAC Packaged Unit market with a market size of USD 16459.96million in 2024 and is projected to grow at a CAGR of 4.5%during the forecast period. The U.S. market's increasing demand for energy-efficient solutions and the ongoing construction boom in both residential and commercial sectors.
• The Canada HVAC Packaged Unit market had a market share of USD 2503.42million in 2024 and is projected to grow at a CAGR of 5.5%during the forecast period. Canada’s increasing demand for energy-efficient solutions and the ongoing construction boom in both residential and commercial sectors.
• The Mexico HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.2%during the forecast period, with a market size of USD 1898.42million in 2024.

Europe HVAC Packaged Unit Market Analysis

According to Cognitive Market Research, the global HVAC Packaged Unit market size was estimated at USD 52154.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 15646.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom HVAC Packaged Unit market had a market share of USD 2628.59million in 2024 and is projected to grow at a CAGR of 5.8%during the forecast period. In the UK, HVAC Packaged Unit sales witness an upswing due to the stringent energy efficiency regulations, a rising demand for sustainable building solutions, and increasing renovation projects.
• The France HVAC Packaged Unit market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 1439.46million in 2024.
• According to Cognitive Market Research, the German HVAC Packaged Unit market size was valued at USD 3097.98million in 2024 and is projected to grow at a CAGR of 5.2%during the forecast period. In Germany, HVAC Packaged Unit surged due to the stringent energy efficiency regulations, a rising demand for sustainable building solutions, and increasing renovation projects.
• The Italy HVAC Packaged Unit market is projected to witness growth at a CAGR of 4.4%during the forecast period, with a market size of USD 1345.59million in 2024.
• The Russia HVAC Packaged Unit market is projected to witness growth at a CAGR of 4.0%during the forecast period, with a market size of USD 2425.18million in 2024.
• The Spain HVAC Packaged Unit market is projected to witness growth at a CAGR of 4.1%during the forecast period with a market size of USD 1283.00million in 2024
• The Luxembourg HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 485.04million in 2024.
• The Portugal HVAC Packaged Unit market is projected to witness growth at a CAGR of 4.8%during the forecast period, with a market size of USD 328.57million in 2024.
• The Greece HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.3%during the forecast period, with a market size of USD 187.76million in 2024.
• The Rest of Europe's HVAC Packaged Unit market is projected to witness growth at a CAGR of 3.7%during the forecast period, with a market size of USD 2425.18million in 2024.

Asia Pacific HVAC Packaged Unit Market Analysis

According to Cognitive Market Research, the global HVAC Packaged Unit market size was estimated at USD 52154.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 11995.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China HVAC Packaged Unit market size was valued at USD 5397.99million in 2024 and is projected to grow at a CAGR of 8.0%during the forecast period. HVAC Packaged Unit surged in China due to urbanization, industrialization, and increasing construction activities.
• The Japan HVAC Packaged Unit market is projected to witness growth at a CAGR of 7.0%during the forecast period, with a market size of USD 1655.38million in 2024.
• The India HVAC Packaged Unit market had a market share of USD 1439.46million in 2024 and is projected to grow at a CAGR of 10.3%during the forecast period. India's urbanization, industrialization, and increasing construction activities.
• The South Korean HVAC Packaged Unit market is projected to witness growth at a CAGR of 7.6%during the forecast period, with a market size of USD 1199.55million in 2024.
• The Australian HVAC Packaged Unit market is projected to witness growth at a CAGR of 8.2%during the forecast period, with a market size of USD 623.77million in 2024.
• The South East Asia HVAC Packaged Unit market is projected to witness growth at a CAGR of 9.5%during the forecast period, with a market size of USD 827.69million in 2024.
• The Rest of Asia Pacific HVAC Packaged Unit market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 851.68million in 2024.

South America HVAC Packaged Unit Market Analysis

According to Cognitive Market Research, the global HVAC Packaged Unit market size was estimated at USD 52154.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 2607.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil HVAC Packaged Unit market size was valued at USD 1116.11million in 2024 and is projected to grow at a CAGR of 6.5%during the forecast period. HVAC Packaged Units flourished in Brazil due to increasing infrastructure development, rising urbanization.
• Argentina's HVAC Packaged Unit market had a market share of USD 438.10million in 2024 and is projected to grow at a CAGR of 6.8%during the forecast period. Argentina's increasing infrastructure development, rising urbanization.
• Colombia HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 232.09million in 2024.
• Peru HVAC Packaged Unit market is projected to witness growth at a CAGR of 6.1%during the forecast period, with a market size of USD 213.83million in 2024.
• Chile HVAC Packaged Unit market is projected to witness growth at a CAGR of 6.2%during the forecast period, with a market size of USD 187.76million in 2024.
• The Rest of Latin America's HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.0%during the forecast period, with a market size of USD 419.84million in 2024.

Middle East HVAC Packaged Unit Market Analysis

According to Cognitive Market Research, the global HVAC Packaged Unit market size was estimated at USD 52154.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1043.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..

• The GCC Countries HVAC Packaged Unit market is projected to witness growth at a CAGR of 7.0%during the forecast period, with a market size of USD 446.44million in 2024. HVAC Packaged Unit sales flourish due to the rapid urban development, increasing commercial infrastructure.
• The Egypt HVAC Packaged Unit market is projected to witness growth at a CAGR of 6.5%during the forecast period, with a market size of USD 109.52million in 2024.
• The South Africa HVAC Packaged Unit market is projected to witness growth at a CAGR of 4.7%during the forecast period, with a market size of USD 164.81million in 2024. HVAC Packaged Unit sales flourished in South Africa due to rapid urban development, increasing commercial infrastructure.
• The Turkey HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 89.71million in 2024.
• The Nigeria HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.3%during the forecast period, with a market size of USD 109.52million in 2024.
• The Rest of the MEA HVAC Packaged Unit market is projected to witness growth at a CAGR of 5.2%during the forecast period, with a market size of USD 123.08million in 2024.

HVAC Packaged Unit Market Analysis

How are Segments Performing in the Global HVAC Packaged Unit Market?

HVAC Packaged Unit Market Installation Type Segment Analysis

According to Cognitive Market Research, the ground/floor mounted segment is dominant due to its widespread application in both residential and commercial settings. This installation type is preferred for its ease of installation, maintenance, and cost-effectiveness. It is particularly suitable for larger systems, offering stable performance and enhanced durability. Ground-mounted units also provide better accessibility for repairs and upgrades, making them the preferred choice in regions with significant heating and cooling demands.

The rooftop mounted segment is the fastest-growing in the HVAC packaged unit market, driven by the increasing need for space optimization in urban areas. These units are ideal for commercial buildings and large complexes where rooftop space can be efficiently utilized. The growing trend of green building practices and energy efficiency is further accelerating the demand for rooftop-mounted units, as they are designed to save valuable ground space while offering high performance.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of HVAC Packaged Unit Industry. Request a Free Sample PDF!

HVAC Packaged Unit Market Condenser Type Segment Analysis

According to Cognitive Market Research, the air condenser segment is the dominant category due to its widespread use in residential and commercial applications. Air-cooled condensers are preferred for their simplicity, cost-effectiveness, and ease of installation. These systems require less maintenance compared to water-cooled condensers, making them ideal for regions with limited water resources or where water availability is a concern. The lower initial cost and versatility across various environments further solidify air condensers as the dominant choice in the HVAC industry.

The water condenser segment is the fastest-growing in the HVAC packaged unit market, driven by increasing energy efficiency demands and sustainability goals. Water-cooled condensers are more efficient in heat rejection, especially in large-scale commercial and industrial applications. As regulations become stricter on energy use and environmental impact, water-cooled systems are gaining popularity due to their superior cooling capabilities and lower energy consumption.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

HVAC Packaged Unit End Use Outlook: Segment Analysis

HVAC Packaged Unit Market End Use Segment Analysis

According to Cognitive Market Research, The commercial segment dominates the HVAC packaged unit market due to the high demand from various industries such as retail, hospitality, healthcare, and data centers. Commercial buildings require efficient heating, ventilation, and air conditioning systems to maintain comfortable environments for employees, customers, and visitors. The growing urbanization and expansion of commercial infrastructure, particularly in developing regions, are key factors driving the demand for HVAC systems.

The industrial segment is the fastest-growing category in the HVAC packaged unit market, driven by the rapid expansion of industries like food & beverages, automotive, and electronics. As industries face stricter regulations on air quality and energy consumption, there is a heightened need for advanced HVAC systems to maintain optimal working conditions and prevent machinery malfunctions. Furthermore, industries such as semiconductor and logistics require precise temperature control, contributing to the accelerated demand for HVAC systems in industrial applications.

• Residential
• * Apartment Buildings
• * Individual Residences
• Commercial
• * Retail
• * Hospitality
• Leisure & Entertainment
• * Offices
• * Healthcare
• * Transportation Hubs
• * Academia & Education
• * Data Centers
• Industrial
• * Food & Beverages
• * Chemicals
• * Automotive
• * Aviation
• * Semiconductor & Electronics
• * Logistics & Warehouses
• * Other Industrial

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion