Steam and Air-Conditioning Supply Market size was valued at USD 85.3 Billion in 2024 and is forecasted to grow at a CAGR of 4.5% from 2026 to 2033, reaching USD 120.5 Billion by 2033.
The global steam and air conditioning supply market was valued at approximately $96.09 billion in 2022 and is projected to reach $101.59 billion in 2023, reflecting a compound annual growth rate (CAGR) of 5.7%. This growth trajectory is expected to continue, with the market anticipated to attain $123.22 billion by 2027 at a CAGR of 4.9%. In the United States, the market is estimated at $36.7 billion in 2023, while Chinas market is forecasted to grow at a robust 7.7% CAGR, reaching $35.2 billion by 2030. Other significant markets include Japan and Canada, with expected CAGRs of 3.0% and 3.9%, respectively, over the analysis period. Germanys market is projected to grow at approximately 3.6% CAGR. The Asia Pacific region is poised to dominate the market share during the forecast period, driven by rapid industrialization and urbanization in countries like China and India, leading to increased demand for residential and commercial building projects. North America and Europe also represent significant markets, propelled by the need for energy efficient and sustainable solutions, supported by stringent regulatory frameworks promoting advanced HVAC technologies. Meanwhile, Latin America and the Middle East & Africa are expected to experience moderate growth, fueled by ongoing infrastructure developments and a growing emphasis on energy efficiency in these regions.
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Carrier
Trane
Daikin Applied
Goodman Manufacturing
Rheem Manufacturing
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Steam and Air-Conditioning Supply Market
Steam Boilers
Steam Traps
Air Conditioning Units
Chillers
Heat Exchangers
Commercial
Industrial
Residential
Institutional
Healthcare Facilities
Manufacturing Plants
Retail Stores
Hospitality (Hotels and Restaurants)
Educational Institutions
Residential Buildings
Direct Sales
Distributors
Online Retailers
Wholesale Suppliers
Showrooms
Traditional Systems
Smart Systems
Energy-Efficient Technologies
Renewable Technologies (e.g., solar-assisted air-conditioning)
Integrated Control Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Steam and Air-Conditioning Supply Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Steam and Air-Conditioning Supply Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steam and Air-Conditioning Supply Market, By Type
6. Global Steam and Air-Conditioning Supply Market, By Application
7. Global Steam and Air-Conditioning Supply Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Steam and Air-Conditioning Supply Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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