Selected research
Industry Research
HVAC Hardware and Software Industry Research Report 2026
Market perspective
The global HVAC Hardware and Software market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the HVAC Hardware and Software market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the HVAC Hardware and Software market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the HVAC Hardware and Software market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of HVAC Hardware and Software include Carrier Global Corporation, Daikin, Danfoss AS, Emerson, Honeywell, Johnson Controls International, Lennox International Inc, LG Electronics Inc. and Mitsubishi Electric Corporation, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global HVAC Hardware and Software market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to HVAC Hardware and Software.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
HVAC Hardware and Software Market by Company
Carrier Global Corporation
Daikin
Danfoss AS
Emerson
Honeywell
Johnson Controls International
Lennox International Inc
LG Electronics Inc.
Mitsubishi Electric Corporation
Panasonic Holdings Corporation
Samsung Electronics Co. Ltd.
Trane Technologies plc
Whirlpool Corporation
Rahim Soft
Elite Software Development
HVAC Solution,Inc
Hurst Boiler & Welding
Techstreet
Sheth Techno Consultants
Wrightsoft Corporation
Taco Comfort Solutions
Schneider Electric
AJATH
Knowify
Carrier Corporation
GoServicePro
DamVent
Nortek Air Solutions
IMI Hydronic Engineering
Excellence Alliance
HVAC Hardware and Software Segment by Type
Hardware
Software
HVAC Hardware and Software Segment by Application
Commercial
Industrial
HVAC Hardware and Software Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global HVAC Hardware and Software market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of HVAC Hardware and Software and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of HVAC Hardware and Software.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of HVAC Hardware and Software companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Hardware
- Software
Applications
- Commercial
- Industrial
Companies covered
- Carrier Global Corporation
- Daikin
- Danfoss AS
- Emerson
- Honeywell
- Johnson Controls International
- Lennox International Inc
- LG Electronics Inc.
- Mitsubishi Electric Corporation
- Panasonic Holdings Corporation
- Samsung Electronics Co. Ltd.
- Trane Technologies plc
- Whirlpool Corporation
- Rahim Soft
- Elite Software Development
- HVAC Solution,Inc
- Hurst Boiler & Welding
- Techstreet
- Sheth Techno Consultants
- Wrightsoft Corporation
- Taco Comfort Solutions
- Schneider Electric
- AJATH
- Knowify
- Carrier Corporation
- GoServicePro
- DamVent
- Nortek Air Solutions
- IMI Hydronic Engineering
- Excellence Alliance
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 HVAC Hardware and Software by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Hardware
- 2.2.3 Software
- 2.3 HVAC Hardware and Software by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Commercial
- 2.3.3 Industrial
- 2.4 Assumptions and Limitations
3 HVAC Hardware and Software Breakdown Data by Type
- 3.1 Global HVAC Hardware and Software Historic Market Size by Type (2021-2026)
- 3.2 Global HVAC Hardware and Software Forecasted Market Size by Type (2027-2032)
4 HVAC Hardware and Software Breakdown Data by Application
- 4.1 Global HVAC Hardware and Software Historic Market Size by Application (2021-2026)
- 4.2 Global HVAC Hardware and Software Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global HVAC Hardware and Software Market Perspective (2021-2032)
- 5.2 Global HVAC Hardware and Software Growth Trends by Region
- 5.2.1 Global HVAC Hardware and Software Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 HVAC Hardware and Software Historic Market Size by Region (2021-2026)
- 5.2.3 HVAC Hardware and Software Forecasted Market Size by Region (2027-2032)
- 5.3 HVAC Hardware and Software Market Dynamics
- 5.3.1 HVAC Hardware and Software Industry Trends
- 5.3.2 HVAC Hardware and Software Market Drivers
- 5.3.3 HVAC Hardware and Software Market Challenges
- 5.3.4 HVAC Hardware and Software Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top HVAC Hardware and Software Players by Revenue
- 6.1.1 Global Top HVAC Hardware and Software Players by Revenue (2021-2026)
- 6.1.2 Global HVAC Hardware and Software Revenue Market Share by Players (2021-2026)
- 6.2 Global HVAC Hardware and Software Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of HVAC Hardware and Software Head Office and Area Served
- 6.4 Global HVAC Hardware and Software Players, Product Type & Application
- 6.5 Global HVAC Hardware and Software Manufacturers Established Date
- 6.6 Global HVAC Hardware and Software Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America HVAC Hardware and Software Market Size (2021-2032)
- 7.2 North America HVAC Hardware and Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America HVAC Hardware and Software Market Size by Country (2021-2026)
- 7.4 North America HVAC Hardware and Software Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe HVAC Hardware and Software Market Size (2021-2032)
- 8.2 Europe HVAC Hardware and Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe HVAC Hardware and Software Market Size by Country (2021-2026)
- 8.4 Europe HVAC Hardware and Software Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific HVAC Hardware and Software Market Size (2021-2032)
- 9.2 Asia-Pacific HVAC Hardware and Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific HVAC Hardware and Software Market Size by Country (2021-2026)
- 9.4 Asia-Pacific HVAC Hardware and Software Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America HVAC Hardware and Software Market Size (2021-2032)
- 10.2 South America HVAC Hardware and Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America HVAC Hardware and Software Market Size by Country (2021-2026)
- 10.4 South America HVAC Hardware and Software Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa HVAC Hardware and Software Market Size (2021-2032)
- 11.2 Middle East & Africa HVAC Hardware and Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa HVAC Hardware and Software Market Size by Country (2021-2026)
- 11.4 Middle East & Africa HVAC Hardware and Software Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Carrier Global Corporation
- 12.1.1 Carrier Global Corporation Company Information
- 12.1.2 Carrier Global Corporation Business Overview
- 12.1.3 Carrier Global Corporation Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.1.4 Carrier Global Corporation HVAC Hardware and Software Product Portfolio
- 12.1.5 Carrier Global Corporation Recent Developments
- 12.2 Daikin
- 12.2.1 Daikin Company Information
- 12.2.2 Daikin Business Overview
- 12.2.3 Daikin Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.2.4 Daikin HVAC Hardware and Software Product Portfolio
- 12.2.5 Daikin Recent Developments
- 12.3 Danfoss AS
- 12.3.1 Danfoss AS Company Information
- 12.3.2 Danfoss AS Business Overview
- 12.3.3 Danfoss AS Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.3.4 Danfoss AS HVAC Hardware and Software Product Portfolio
- 12.3.5 Danfoss AS Recent Developments
- 12.4 Emerson
- 12.4.1 Emerson Company Information
- 12.4.2 Emerson Business Overview
- 12.4.3 Emerson Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.4.4 Emerson HVAC Hardware and Software Product Portfolio
- 12.4.5 Emerson Recent Developments
- 12.5 Honeywell
- 12.5.1 Honeywell Company Information
- 12.5.2 Honeywell Business Overview
- 12.5.3 Honeywell Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.5.4 Honeywell HVAC Hardware and Software Product Portfolio
- 12.5.5 Honeywell Recent Developments
- 12.6 Johnson Controls International
- 12.6.1 Johnson Controls International Company Information
- 12.6.2 Johnson Controls International Business Overview
- 12.6.3 Johnson Controls International Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.6.4 Johnson Controls International HVAC Hardware and Software Product Portfolio
- 12.6.5 Johnson Controls International Recent Developments
- 12.7 Lennox International Inc
- 12.7.1 Lennox International Inc Company Information
- 12.7.2 Lennox International Inc Business Overview
- 12.7.3 Lennox International Inc Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.7.4 Lennox International Inc HVAC Hardware and Software Product Portfolio
- 12.7.5 Lennox International Inc Recent Developments
- 12.8 LG Electronics Inc.
- 12.8.1 LG Electronics Inc. Company Information
- 12.8.2 LG Electronics Inc. Business Overview
- 12.8.3 LG Electronics Inc. Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.8.4 LG Electronics Inc. HVAC Hardware and Software Product Portfolio
- 12.8.5 LG Electronics Inc. Recent Developments
- 12.9 Mitsubishi Electric Corporation
- 12.9.1 Mitsubishi Electric Corporation Company Information
- 12.9.2 Mitsubishi Electric Corporation Business Overview
- 12.9.3 Mitsubishi Electric Corporation Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.9.4 Mitsubishi Electric Corporation HVAC Hardware and Software Product Portfolio
- 12.9.5 Mitsubishi Electric Corporation Recent Developments
- 12.10 Panasonic Holdings Corporation
- 12.10.1 Panasonic Holdings Corporation Company Information
- 12.10.2 Panasonic Holdings Corporation Business Overview
- 12.10.3 Panasonic Holdings Corporation Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.10.4 Panasonic Holdings Corporation HVAC Hardware and Software Product Portfolio
- 12.10.5 Panasonic Holdings Corporation Recent Developments
- 12.11 Samsung Electronics Co. Ltd.
- 12.11.1 Samsung Electronics Co. Ltd. Company Information
- 12.11.2 Samsung Electronics Co. Ltd. Business Overview
- 12.11.3 Samsung Electronics Co. Ltd. Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.11.4 Samsung Electronics Co. Ltd. HVAC Hardware and Software Product Portfolio
- 12.11.5 Samsung Electronics Co. Ltd. Recent Developments
- 12.12 Trane Technologies plc
- 12.12.1 Trane Technologies plc Company Information
- 12.12.2 Trane Technologies plc Business Overview
- 12.12.3 Trane Technologies plc Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.12.4 Trane Technologies plc HVAC Hardware and Software Product Portfolio
- 12.12.5 Trane Technologies plc Recent Developments
- 12.13 Whirlpool Corporation
- 12.13.1 Whirlpool Corporation Company Information
- 12.13.2 Whirlpool Corporation Business Overview
- 12.13.3 Whirlpool Corporation Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.13.4 Whirlpool Corporation HVAC Hardware and Software Product Portfolio
- 12.13.5 Whirlpool Corporation Recent Developments
- 12.14 Rahim Soft
- 12.14.1 Rahim Soft Company Information
- 12.14.2 Rahim Soft Business Overview
- 12.14.3 Rahim Soft Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.14.4 Rahim Soft HVAC Hardware and Software Product Portfolio
- 12.14.5 Rahim Soft Recent Developments
- 12.15 Elite Software Development
- 12.15.1 Elite Software Development Company Information
- 12.15.2 Elite Software Development Business Overview
- 12.15.3 Elite Software Development Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.15.4 Elite Software Development HVAC Hardware and Software Product Portfolio
- 12.15.5 Elite Software Development Recent Developments
- 12.16 HVAC Solution,Inc
- 12.16.1 HVAC Solution,Inc Company Information
- 12.16.2 HVAC Solution,Inc Business Overview
- 12.16.3 HVAC Solution,Inc Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.16.4 HVAC Solution,Inc HVAC Hardware and Software Product Portfolio
- 12.16.5 HVAC Solution,Inc Recent Developments
- 12.17 Hurst Boiler & Welding
- 12.17.1 Hurst Boiler & Welding Company Information
- 12.17.2 Hurst Boiler & Welding Business Overview
- 12.17.3 Hurst Boiler & Welding Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.17.4 Hurst Boiler & Welding HVAC Hardware and Software Product Portfolio
- 12.17.5 Hurst Boiler & Welding Recent Developments
- 12.18 Techstreet
- 12.18.1 Techstreet Company Information
- 12.18.2 Techstreet Business Overview
- 12.18.3 Techstreet Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.18.4 Techstreet HVAC Hardware and Software Product Portfolio
- 12.18.5 Techstreet Recent Developments
- 12.19 Sheth Techno Consultants
- 12.19.1 Sheth Techno Consultants Company Information
- 12.19.2 Sheth Techno Consultants Business Overview
- 12.19.3 Sheth Techno Consultants Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.19.4 Sheth Techno Consultants HVAC Hardware and Software Product Portfolio
- 12.19.5 Sheth Techno Consultants Recent Developments
- 12.20 Wrightsoft Corporation
- 12.20.1 Wrightsoft Corporation Company Information
- 12.20.2 Wrightsoft Corporation Business Overview
- 12.20.3 Wrightsoft Corporation Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.20.4 Wrightsoft Corporation HVAC Hardware and Software Product Portfolio
- 12.20.5 Wrightsoft Corporation Recent Developments
- 12.21 Taco Comfort Solutions
- 12.21.1 Taco Comfort Solutions Company Information
- 12.21.2 Taco Comfort Solutions Business Overview
- 12.21.3 Taco Comfort Solutions Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.21.4 Taco Comfort Solutions HVAC Hardware and Software Product Portfolio
- 12.21.5 Taco Comfort Solutions Recent Developments
- 12.22 Schneider Electric
- 12.22.1 Schneider Electric Company Information
- 12.22.2 Schneider Electric Business Overview
- 12.22.3 Schneider Electric Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.22.4 Schneider Electric HVAC Hardware and Software Product Portfolio
- 12.22.5 Schneider Electric Recent Developments
- 12.23 AJATH
- 12.23.1 AJATH Company Information
- 12.23.2 AJATH Business Overview
- 12.23.3 AJATH Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.23.4 AJATH HVAC Hardware and Software Product Portfolio
- 12.23.5 AJATH Recent Developments
- 12.24 Knowify
- 12.24.1 Knowify Company Information
- 12.24.2 Knowify Business Overview
- 12.24.3 Knowify Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.24.4 Knowify HVAC Hardware and Software Product Portfolio
- 12.24.5 Knowify Recent Developments
- 12.25 Carrier Corporation
- 12.25.1 Carrier Corporation Company Information
- 12.25.2 Carrier Corporation Business Overview
- 12.25.3 Carrier Corporation Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.25.4 Carrier Corporation HVAC Hardware and Software Product Portfolio
- 12.25.5 Carrier Corporation Recent Developments
- 12.26 GoServicePro
- 12.26.1 GoServicePro Company Information
- 12.26.2 GoServicePro Business Overview
- 12.26.3 GoServicePro Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.26.4 GoServicePro HVAC Hardware and Software Product Portfolio
- 12.26.5 GoServicePro Recent Developments
- 12.27 DamVent
- 12.27.1 DamVent Company Information
- 12.27.2 DamVent Business Overview
- 12.27.3 DamVent Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.27.4 DamVent HVAC Hardware and Software Product Portfolio
- 12.27.5 DamVent Recent Developments
- 12.28 Nortek Air Solutions
- 12.28.1 Nortek Air Solutions Company Information
- 12.28.2 Nortek Air Solutions Business Overview
- 12.28.3 Nortek Air Solutions Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.28.4 Nortek Air Solutions HVAC Hardware and Software Product Portfolio
- 12.28.5 Nortek Air Solutions Recent Developments
- 12.29 IMI Hydronic Engineering
- 12.29.1 IMI Hydronic Engineering Company Information
- 12.29.2 IMI Hydronic Engineering Business Overview
- 12.29.3 IMI Hydronic Engineering Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.29.4 IMI Hydronic Engineering HVAC Hardware and Software Product Portfolio
- 12.29.5 IMI Hydronic Engineering Recent Developments
- 12.30 Excellence Alliance
- 12.30.1 Excellence Alliance Company Information
- 12.30.2 Excellence Alliance Business Overview
- 12.30.3 Excellence Alliance Revenue in HVAC Hardware and Software Business (2021-2026)
- 12.30.4 Excellence Alliance HVAC Hardware and Software Product Portfolio
- 12.30.5 Excellence Alliance Recent Developments
13 Report Conclusion
14 Disclaimer
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