| Product Code: ETC10423393 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The residential HVAC import shipments in the Philippines continue to see significant growth, with China, Thailand, Malaysia, South Korea, and the USA being the top exporting countries in 2024. The industry experienced a high concentration in 2023, which intensified even further in 2024. With a remarkable compound annual growth rate (CAGR) of 41.09% from 2020 to 2024, coupled with a staggering growth rate of 116.99% from 2023 to 2024, the market shows a strong upward trajectory and increased reliance on key exporting nations for residential HVAC products.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Residential HVAC Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Residential HVAC Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Residential HVAC Market - Industry Life Cycle |
3.4 Philippines Residential HVAC Market - Porter's Five Forces |
3.5 Philippines Residential HVAC Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Residential HVAC Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Philippines Residential HVAC Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Philippines Residential HVAC Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Philippines Residential HVAC Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Residential HVAC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Residential HVAC Market Trends |
6 Philippines Residential HVAC Market, By Types |
6.1 Philippines Residential HVAC Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Residential HVAC Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Residential HVAC Market Revenues & Volume, By Central AC, 2021 - 2031F |
6.1.4 Philippines Residential HVAC Market Revenues & Volume, By Ductless, 2021 - 2031F |
6.1.5 Philippines Residential HVAC Market Revenues & Volume, By Window Unit, 2021 - 2031F |
6.2 Philippines Residential HVAC Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Residential HVAC Market Revenues & Volume, By Split System, 2021 - 2031F |
6.2.3 Philippines Residential HVAC Market Revenues & Volume, By Heat Pump, 2021 - 2031F |
6.2.4 Philippines Residential HVAC Market Revenues & Volume, By VRF System, 2021 - 2031F |
6.3 Philippines Residential HVAC Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Residential HVAC Market Revenues & Volume, By Indoor/Outdoor, 2021 - 2031F |
6.3.3 Philippines Residential HVAC Market Revenues & Volume, By Wall-Mounted, 2021 - 2031F |
6.3.4 Philippines Residential HVAC Market Revenues & Volume, By Window-Fixed, 2021 - 2031F |
6.4 Philippines Residential HVAC Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Residential HVAC Market Revenues & Volume, By Houses, 2021 - 2031F |
6.4.3 Philippines Residential HVAC Market Revenues & Volume, By Apartments, 2021 - 2031F |
6.4.4 Philippines Residential HVAC Market Revenues & Volume, By Villas, 2021 - 2031F |
6.5 Philippines Residential HVAC Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Philippines Residential HVAC Market Revenues & Volume, By Online, 2021 - 2031F |
6.5.3 Philippines Residential HVAC Market Revenues & Volume, By Offline, 2021 - 2031F |
6.5.4 Philippines Residential HVAC Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
7 Philippines Residential HVAC Market Import-Export Trade Statistics |
7.1 Philippines Residential HVAC Market Export to Major Countries |
7.2 Philippines Residential HVAC Market Imports from Major Countries |
8 Philippines Residential HVAC Market Key Performance Indicators |
9 Philippines Residential HVAC Market - Opportunity Assessment |
9.1 Philippines Residential HVAC Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Residential HVAC Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Philippines Residential HVAC Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Philippines Residential HVAC Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Philippines Residential HVAC Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Residential HVAC Market - Competitive Landscape |
10.1 Philippines Residential HVAC Market Revenue Share, By Companies, 2024 |
10.2 Philippines Residential HVAC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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