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