The first four months of 2026 have witnessed significant developments in the global and Vietnamese HVACR industry. Against a backdrop of rising cooling demand, tightening environmental regulations, and accelerating technological transformation, the HVACR market is entering a more pronounced restructuring phase across both residential and commercial segments.
Global HVACR Market: Growth amid strong segmentation
According to Fortune Business Insights, the global HVAC market in 2026 is projected to reach approximately USD 183.9 billion, maintaining long-term growth momentum. The Asia-Pacific region currently accounts for nearly 50% of global market share, driven by rapid urbanization, increasing cooling demand, and digital infrastructure expansion.
Data from ACHR News indicates clear segmentation within the global HVACR market. While residential demand in the US and Europe is experiencing slower growth due to cost pressures and weakening real estate markets, the commercial and industrial segments are recovering positively thanks to investments in data centers, hospitals, and high-tech manufacturing facilities.
Simultaneously, the transition to next-generation refrigerants continues to accelerate. According to Future Market Insights, low-GWP refrigerants are becoming the dominant trend in major markets to meet emission reduction and energy efficiency targets.
Vietnam market: Multiple new developments in early 2026
During the first four months of 2026, Vietnam’s HVACR market has experienced notable changes in policy, technology, and demand structure. According to Mordor Intelligence, Vietnam’s HVAC market currently stands at approximately USD 3.9 billion, remaining among the high-potential growth markets in Southeast Asia.
One of the most significant developments is the implementation of a 10% special consumption tax on air conditioners with capacities between 24,001 – 90,000 BTU, effective January 1, 2026, under Special Consumption Tax Law No. 66/2025/QH15. This policy is directly impacting the commercial air conditioning segment and driving a shift toward higher-efficiency, energy-saving solutions.
Concurrently, the market is witnessing increased investment in sectors requiring specialized HVAC systems such as data centers, cleanrooms, and high-tech manufacturing facilities. According to Expert Market Research, Vietnam’s data center cooling segment is forecast to maintain a growth rate of approximately 15.5% in coming years, driven by AI development and digital infrastructure expansion.
Beyond market factors, technological transformation continues to accelerate as businesses and consumers prioritize inverter air conditioners, energy-efficient models, and next generation refrigerants such as R-32 to meet increasingly stringent energy performance standards.
HVACR market outlook for the coming period
According to the ASEAN Specialized Meteorological Center (ASMC), Southeast Asia is likely to continue experiencing prolonged heat waves in the second half of 2026 due to El Niño effects. This is expected to further drive residential air conditioning demand, system maintenance, and energy-saving solutions.
Additionally, FDI inflows into high-tech and electronics manufacturing sectors are anticipated to continue expanding commercial and industrial HVACR demand in Vietnam in the near term.
According to IEA analysis, cooling demand is becoming one of the factors directly impacting global electricity consumption, accelerating the market’s shift toward high-efficiency and environmentally friendly HVAC solutions.
Reference:
- Mordor Intelligence (2026). Vietnam HVAC Market Size & Share Outlook to 2031.
- Fortune Business Insights (2026). HVAC System Market Size, Demand & Growth Forecast.
- ACHR News (2025–2026). HVACR Industry Trends & Market Analysis.
- Expert Market Research (2026). Vietnam Data Centre Cooling Market Report.
- Future Market Insights (2026). Low-GWP Refrigerant Market Trends.
HVACR Vietnam 2026: Seizing opportunities during the HVACR technology transition
Developments in the first four months of 2026 demonstrate that the HVACR industry is entering a more dynamic transition phase, influenced by energy efficiency trends, policy changes, and investment demand in high-tech infrastructure. The market is no longer focused solely on cooling capacity but increasingly prioritizes operational efficiency, energy optimization, and long-term sustainable HVAC solutions.
In this context, HVACR Vietnam 2026 will serve as a critical connection platform for businesses, experts, and investors in the industry to:
- Connect with partners and stakeholders across the entire HVACR value chain
- Stay updated on technology trends, refrigerants, and energy-saving solutions
- Expand collaboration opportunities and develop international markets
- Enhance competitive advantage in a rapidly transforming HVACR landscape
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