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Heating, Cooling and Ventilation Equipment Manufacturing in Australia Industry Data and Analysis
The Heating, Cooling and Ventilation Equipment Manufacturing industry has faced sustained challenges over the past five years. Imports, particularly from Thailand and China, have captured a growing share of domestic consumption, intensifying competition for local manufacturers. Meanwhile, exports to advanced economies like Japan and the United States have slowed, reducing incentives for manufacturers to expand export capacity. Regulatory changes on high‑GWP refrigerants and a market shift towards energy-efficient, high-value products have further shaped industry dynamics. Overall, industry revenue is expected to have declined at an annualised 3.7% over the five years through 2025-26, falling to $2.4 billion. An anticipated 5.2% contraction in 2025-26 reflects weaker construction activity, a stronger Australian dollar and reduced industry participation, limiting production output.
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What's included in this industry analysis
IBISWorld's research coverage on the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia operates under the ANZSIC industry code C2452. Companies in the industry manufacture commercial or industrial HVAC (heating, ventilation and air conditioning) equipment, including installed space heaters and refrigeration products. The industry manufactures commercial-strength air conditioning systems that range from 8 kilowatts to over 5,000 kilowatts. These exclude motor vehicle air conditioners. Firms that manufacture household and automotive air conditioning and heating units are not included in the industry. Related terms covered in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia include hcfc, hvac, eer, meps, evaporator, compressor, condenser and gwp.
What's included in this industry?
Products and services covered in Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia include Commercial air conditioning units, Commercial refrigeration equipment and Commercial heating equipment.
What companies are included in this industry?
Companies covered in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia include Daikin Australia, Rheem and Seeley International.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia.
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Frequently Asked Questions
What is the market size of the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia in 2026?
The market size of the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia is $2.4bn in 2026.
How many businesses are there in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia in 2026?
There are 358 businesses in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia, which has grown at a CAGR of 0.1 % between 2021 and 2026.
How may import tariffs affect the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia?
The Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia?
The Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia has been declining at a CAGR of 3.7 % between 2021 and 2026.
What is the forecast growth of the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia?
The biggest companies operating in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia are Daikin Australia, Rheem and Seeley International
What does the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia include?
Commercial air conditioning units and Commercial refrigeration equipment are part of the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia.
Which companies have the highest market share in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia?
The company holding the most market share in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia is Daikin Australia.
How competitive is the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia?
The level of competition is moderate and steady in the Heating, Cooling and Ventilation Equipment Manufacturing industry in Australia.
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