Market Overview
The Mexico HVAC market size was valued at USD 5,304.55 Million in 2024 and is projected to reach USD 20,440.62 Million by 2033, exhibiting a CAGR of 16.17% during the forecast period 2025-2033. The market growth is driven by expanding commercial infrastructure, rising demand for energy-efficient systems, growing industrial manufacturing, and adoption of precision-controlled HVACs. Climate variability across regions and government support for energy efficiency further bolster the market.
Study Assumption Years
● Base Year: 2024
● Historical Years: 2019-2024
● Forecast Period: 2025-2033
Mexico HVAC Market Key Takeaways
● Current Market Size: USD 5,304.55 Million in 2024
● CAGR: 16.17% during 2025-2033
● Forecast Period: 2025-2033
● The market is fueled by rapid urbanization and increasing construction activities that boost demand for advanced air conditioning and ventilation systems.
● Strong industrial growth, particularly in automotive and electronics sectors supported by nearshoring trends, is elevating HVAC system requirements.
● Government initiatives, including regulations and incentives for energy-efficient HVAC systems, create lucrative opportunities for market expansion.
● Growing consumer preference for smart HVAC systems integrating IoT and automation technologies shapes market trends.
● Investors focus on green building projects and sustainable HVAC solutions to meet environmental standards.
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Market Growth Factors
The Mexico HVAC market growth is mainly driven by the energy efficiency requirements of the residential, commercial and industrial HVAC markets. In March 2025, Mabe invested USD 668 Million to upgrade and expand the production capacity of its 15 plants. This will indirectly impact HVAC segment of home appliances. Consumers continue to explore green HVAC technologies as cost-effective heating and cooling alternatives because they become more aware of environmental sustainability and energy efficiency.
Mexico urbanizes swiftly and builds more. This generates a need for advanced air conditioning and ventilation systems in Mexico. Supportive government policies and initiatives, in addition, are expected to provide profitable growth opportunities for the HVAC market in Mexico. The growing adoption of smart HVAC control systems with IoT and automation is anticipated to shape the HVAC industry as end-users prefer HVAC systems with better air quality and comfort.
The growth of manufacturing and export in Mexico, particularly fueled by nearshoring, increases the demand for HVAC in various sectors such as automotive, electronics, food processing, and pharmaceuticals. The automotive industry represents around 4.7% of Mexico's GDP in 2024 and often requires specialized climate-control HVAC systems for their operations. Trane, Carrier, and Johnson Controls, three U.S.-based manufacturers, hold 40% of the commercial HVAC system market in Mexico, which is protected through the USMCA. Government policy and industrial modernization is driving demand for more strong and energy-efficient commercial HVAC systems that can provide greater flexibility.
Market Segmentation
Analysis by Product Type:
● Direct Expansion Systems: Widely used in residential and small commercial settings for their efficient cooling and easy installation; favored for quick and space-saving solutions.
● Central Air Conditioning Systems: Dominant in larger commercial and high-end residential buildings; provide consistent and energy-efficient large-area cooling with advanced zoning features.
Analysis by End User:
● Residential: Growing due to rising temperatures and middle-class expansion; increased investments in energy-efficient AC systems for urban residences.
● Commercial: Expanding rapidly fueled by commercial infrastructure growth; demand for centralized, energy-efficient and sustainable HVAC solutions in offices, malls, and hotels.
Regional Segmentation:
● Northern Mexico: Largest regional market due to proximity to the U.S., robust industrial and commercial development, and rising temperature-driven demand.
● Central Mexico: Surge in HVAC demand from urbanization and industrial growth; expanding middle class driving residential and commercial HVAC adoption.
● Southern Mexico: Growing market supported by warmer climate and infrastructure development; increased residential and small commercial HVAC applications.
● Others
Regional Insights
Northern Mexico is the dominant region in the Mexico HVAC market, benefiting from its proximity to the U.S. and strong industrial-commercial sectors. This region experiences significant demand driven by higher temperatures and new building construction. Its integration with the U.S. economy and high urbanization rate support increasing adoption of advanced HVAC systems, positioning Northern Mexico as a key growth market within the country.
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Recent Developments & News
In September 2025, COMSA secured three new railway contracts in Mexico City worth EUR 35 million, involving upgrades including HVAC system installations, reinforcing its presence in sustainable urban mobility. LG Electronics Mexico delivered a customized HVAC solution for the Cittadela Residential Project featuring 1,414 climate control units with energy-efficient and low-noise systems. March 2024 marked Blue Ridge's entry into Mexican and Latin American markets through an alliance with HARDI LATAM, strengthening HVAC distribution networks. In January 2024, LG Electronics inaugurated a new scroll compressor production line in Monterrey to support low-GWP refrigerant manufacturing aligned with 2025 environmental regulations.
Key Players
● Mabe
● Webasto Americas
● PLC Marine World S.A.
● COMSA
● LG Electronics Mexico
● Blue Ridge
● HARDI LATAM
● Daikin Applied (Alliance Air)
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