Home / Automation & Process Control / HVAC (Heating, Ventilation And Air Conditioning) Equipment Market By Product Type (Heating Equipment, Ventilation Equipment, Air Conditioning Equipment, Unitary Air Conditioners), By End-Use Application (Non-Residential, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

HVAC (Heating, Ventilation And Air Conditioning) Equipment Market By Product Type (Heating Equipment, Ventilation Equipment, Air Conditioning Equipment, Unitary Air Conditioners), By End-Use Application (Non-Residential, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Published: Apr 2016 | Report Code: 57785-04-16

Stringent government regulations promoting energy efficient solutions coupled with the varying environmental conditions is expected to drive the demand for new HVAC equipment installations in the coming years. In addition, infrastructural development and increased discretionary household expenditure is expected to have positive impact on the market growth. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 5.6% during the forecast period 2015 – 2022. The HVAC (Heating, Ventilation, and Air Conditioning) equipment market  is expected to exceed US$ 125.0 Bn by 2022.

HVAC (Heating, Ventilation And Air Conditioning) Equipment Market

1.1    Market Scope and Segmentation

This report analyzes the global HVAC (Heating, Ventilation, and Air Conditioning) equipment market in terms of product type, end-use applications, and geographical distribution. On the basis of product type, the market is segmented into heating equipment (heat pumps, furnaces, boilers, unitary heaters), ventilation equipment (ventilation fans and humidifiers/dehumidifiers) and air conditioning equipment (unitary air conditioners, room air conditioners, and coolers). Similarly, on the basis of end-use, the HVAC (Heating, Ventilation, and Air Conditioning) equipment market is further classified into residential and non residential (commercial and industrial) segment. The geographical distribution of the global HVAC (Heating, Ventilation, and Air Conditioning) equipment market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

1.2    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global HVAC (Heating, Ventilation, and Air Conditioning) Equipment Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global HVAC (Heating, Ventilation, and Air Conditioning) industry.

Target Audience

  • Industry Investors
  • HVAC System Manufacturers
  • Integrators and Assemblers
  • End-users

USP and Key Offerings

The report titled “Global HVAC (Heating, Ventilation, and Air Conditioning) Equipment Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global HVAC (Heating, Ventilation, and Air Conditioning) industry along with the market size and estimates for the duration 2013 to 2022. The said research study covers in-depth analysis of multiple market segments based on product type, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading HVAC equipment manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the HVAC (Heating, Ventilation, and Air Conditioning) market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Value Chain Analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global HVAC (Heating, Ventilation, and Air Conditioning) Equipment market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

1. Preface
1.1. Report Description
1.2. Report Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase II-Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. HVAC Equipment Market Industry Snapshot

3. Global HVAC Equipment Market Analysis
3.1. HVAC Equipment Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Restraints
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key HVAC Equipment Manufacturers

4. Global HVAC Equipment Market, By Product Type, 2013 – 2022, (US$ Bn)
4.1. Tornado Analysis
4.2. Heating Equipment
4.2.1. Unitary Heaters
4.2.2. Heat Pumps
4.2.3. Furnace
4.2.4. Boilers
4.3. Ventilation Equipment
4.3.1. Ventilation Fans
4.3.2. Humidifiers/Dehumidifiers
4.4. Air Conditioning Equipment
4.4.1. Unitary Air Conditioners
4.4.2. Room Air Conditioners
4.4.3. Coolers and Others

5. Global HVAC Equipment Market, By End-use Application, 2013 – 2022, (US$ Bn)
5.1. Pac-Man Analysis
5.2. Non-residential
5.2.1. Commercial
5.2.2. Industrial
5.3. Residential

6. Global HVAC Equipment Market, By Geography, 2013 – 2022, (US$ Bn)
6.1. Tornado Analysis
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Rest of World

7. North America HVAC Equipment Market, 2013 – 2022 (US$ Bn)
7.1. Overview
7.2. North America HVAC Equipment Market, By Product Type, 2013 – 2022 (US$ Bn)
7.2.1. Tornado Analysis
7.2.2. Heating Equipment
7.2.2.1. Unitary Heaters
7.2.2.2. Heat Pumps
7.2.2.3. Furnace
7.2.2.4. Boilers
7.2.3. Ventilation Equipment
7.2.3.1. Ventilation Fans
7.2.3.2. Humidifiers/Dehumidifiers
7.2.4. Air Conditioning Equipment
7.2.4.1. Unitary Air Conditioners
7.2.4.2. Room Air Conditioners
7.2.4.3. Coolers and Others
7.3. North America HVAC Equipment Market, By End-use Appliction, 2013 – 2022 (US$ Bn)
7.3.1. Pac-Man Analysis
7.3.2. Non-residential
7.3.2.1. Commercial
7.3.2.2. Industrial
7.3.3. Residential
7.4. North America HVAC Equipment Market, By Country 2013 – 2022 (US$ Bn)
7.4.1. U.S.
7.4.2. Rest of North America

8. Europe HVAC Equipment Market, 2013 – 2022 (US$ Bn)
8.1. Overview
8.2. Europe HVAC Equipment Market, By Product Type, 2013 – 2022 (US$ Bn)
8.2.1. Tornado Analysis
8.2.2. Heating Equipment
8.2.2.1. Unitary Heaters
8.2.2.2. Heat Pumps
8.2.2.3. Furnace
8.2.2.4. Boilers
8.2.3. Ventilation Equipment
8.2.3.1. Ventilation Fans
8.2.3.2. Humidifiers/Dehumidifiers
8.2.4. Air Conditioning Equipment
8.2.4.1. Unitary Air Conditioners
8.2.4.2. Room Air Conditioners
8.2.4.3. Coolers and Others
8.3. Europe HVAC Equipment Market, By End-use Appliction, 2013 – 2022 (US$ Bn)
8.3.1. Pac-Man Analysis
8.3.2. Non-residential
8.3.2.1. Commercial
8.3.2.2. Industrial
8.3.3. Residential
8.4. Europe HVAC Equipment Market, By Region 2013 – 2022 (US$ Bn)
8.4.1. EU7 (U.K., France Germany, Spain, Italy, Netherlands, Belgium)
8.4.2. CIS
8.4.3. Rest of Europe

9. Asia Pacific HVAC Equipment Market, 2013 – 2022 (US$ Bn)
9.1. Overview
9.2. Asia Pacific HVAC Equipment Market, By Product Type, 2013 – 2022 (US$ Bn)
9.2.1. Tornado Analysis
9.2.2. Heating Equipment
9.2.2.1. Unitary Heaters
9.2.2.2. Heat Pumps
9.2.2.3. Furnace
9.2.2.4. Boilers
9.2.3. Ventilation Equipment
9.2.3.1. Ventilation Fans
9.2.3.2. Humidifiers/Dehumidifiers
9.2.4. Air Conditioning Equipment
9.2.4.1. Unitary Air Conditioners
9.2.4.2. Room Air Conditioners
9.2.4.3. Coolers and Others
9.3. Asia Pacific HVAC Equipment Market, By End-use Appliction, 2013 – 2022 (US$ Bn)
9.3.1. Pac-Man Analysis
9.3.2. Non-residential
9.3.2.1. Commercial
9.3.2.2. Industrial
9.3.3. Residential
9.4. Asia Pacific HVAC Equipment Market, By Country 2013 – 2022 (US$ Bn)
9.4.1. China
9.4.2. Japan
9.4.3. India Subcontinent
9.4.4. Rest of Asia Pacific

10. Rest of World HVAC Equipment Market, 2013 – 2022 (US$ Bn)
10.1.1. Overview
10.2. Rest of World HVAC Equipment Market, By Product Type, 2013 – 2022 (US$ Bn)
10.2.1. Tornado Analysis
10.2.2. Heating Equipment
10.2.2.1. Unitary Heaters
10.2.2.2. Heat Pumps
10.2.2.3. Furnace
10.2.2.4. Boilers
10.2.3. Ventilation Equipment
10.2.3.1. Ventilation Fans
10.2.3.2. Humidifiers/Dehumidifiers
10.2.4. Air Conditioning Equipment
10.2.4.1. Unitary Air Conditioners
10.2.4.2. Room Air Conditioners
10.2.4.3. Coolers and Others
10.3. Rest of World HVAC Equipment Market, By End-use Appliction, 2013 – 2022 (US$ Bn)
10.3.1. Pac-Man Analysis
10.3.2. Non-residential
10.3.2.1. Commercial
10.3.2.2. Industrial
10.3.3. Residential
10.4. Rest of World HVAC Equipment Market, By Region 2013 – 2022 (US$ Bn)
10.4.1. Latin America
10.4.2. Middle East and Africa

11. Profiles
11.1. Panasonic Corporation
11.2. United Technologies Corporation (Carrier)
11.3. Daikin Industries. Ltd.
11.4. LG Corporation
11.5. AB Electrolux
11.6. Samsung Electronics Co., Ltd.
11.7. Haier Inc.
11.8. Lennox International Inc.
11.9. Ingersoll-Rand Inc.

Note:

  • The list of company profiles included in this ToC is tentative. Profiles of specific players, if required, shall be added to the report upon request

Product Segmentation Analysis

On the basis of product type, the global HVAC (Heating, Ventilation, and Air Conditioning) equipment market is categorized into following segments:

  • Heating Equipment
    • Unitary Heater
    • Heat Pumps
    • Furnaces
    • Boilers
  • Air conditioning Equipment
    • Unitary Air Conditioners
    • Room Air Conditioners
    • Coolers and Others
  • Ventilation Equipment
    • Ventilation Fans
    • Humidifiers/Dehumidifiers

The contribution of these product segments to the global HVAC (Heating, Ventilation, and Air Conditioning) equipment market in 2014 and 2022 is as shown in the figure below

HVAC (Heating, Ventilation And Air Conditioning) Equipment Market

In the base year of 2014, the air conditioning segment comprising unitary air conditioners, coolers, and room air conditioners was the largest product segment, accounting for over two-third of the global HVAC equipment market revenue. The trend is expected to prolong over the forecast period 2015 – 2022. This can be attributed to the anticipated recovery in both residential and non residential construction expenditures post economic recession. In addition, financial stability post economic recession is expected to trigger the demand for air conditioning systems in both end-use segments. Over the forecast period 2015 – 2022, the heating equipment segment, especially heat pumps and furnaces are poised to exhibit robust growth. Heat pumps having both cooling and heating capabilities are anticipated to witness rising demand from industrial space, while the growth of warm air furnaces is expected to be maximum in the residential segment.

End-use Application Segmentation Analysis

On the basis of end-use application, the global HVAC (Heating, Ventilation, and Air Conditioning) equipment market is categorized into following segments:

  • Non-residential
    • Commercial
    • Industrial
  • Residential

The contribution of these end-use application segments to the global HVAC (Heating, Ventilation, and Air Conditioning) equipment market in 2014 and 2022 is as shown in the figure below

HVAC (Heating, Ventilation And Air Conditioning) Equipment Market

  • In the base year of 2014, the non-residential (including commercial and industrial) segment accounted for the majority of the global HVAC equipment market revenue share.  The commercial segment was the largest contributor to the non-residential HVAC equipment market, accounting for over 60 percent of the non-residential market in 2014.  The demand for HVAC systems in the non-residential market can be majorly attributed to the need for large, high cost air conditioning and ventilation systems. Although the segment is expected to retain its leading position, the growth in the residential market is anticipated to be greater than both commercial and industrial markets during the forecast period 2015 – 2022. With the rising population and urbanization, the count of housing units, especially in the emerging economies is anticipated to increase considerably, triggering fresh demand for HVAC equipment installations. However, in both non-residential (commercial and industrial) and residential market, the replacement demand is expected to be higher than the fresh demand, especially in the developed economies.

Geography Segmentation Analysis

On the basis of geography, the global HVAC (Heating, Ventilation, and Air Conditioning) equipment market is segmented into following regions and countries.

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Indian Subcontinent
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global HVAC (Heating, Ventilation, and Air Conditioning) Equipment market in 2014 is as shown in the figure below.

HVAC (Heating, Ventilation And Air Conditioning) Equipment Market

In the base year of 2014, Asia Pacific was the largest HVAC (Heating, Ventilation, and Air Conditioning) equipment market. The region accounted for around 52 percent of the global HVAC equipment market revenue in 2014. The trend is expected to continue over the forecast period 2015 – 2022, with the region retaining its leading position. The growth in the region can be attributed to the economic development resulting in infrastructural growth in both consumer and commercial space. China is by far the largest HVAC equipment market in Asia Pacific and is a key exporter to the European and African markets. Furthermore, ever rising population, growing urbanization, varying environmental conditions, and government regulations promoting green energy solutions are further fueling market momentum in the region. With the developed economies such as North America and Europe recovering from the economic recession, the residential and commercial construction expenditure in the region is expected to regain its growth levels, supporting the market demand.

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