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Heat Recovery Systems Markets in Hong Kong
Frost & Sullivan, August 2007, Pages: 19
The Frost & Sullivan research service titled Heat Recovery Systems Markets in Hong Kong provides an overall market overview, along with key competitive and product trends. It also discusses the latest developments in building construction and health markets, energy conservation, imports, and regulations.
Heated Growth: Energy-efficient Heat Recovery Systems Witness Substantial Growth
The market for heat recovery systems in Hong Kong is largely import driven, as there are no local manufacturing facilities in the region. Heat recovery systems account for approximately 8.0 to 10.0 percent of the heating, ventilation, and air conditioning (HVAC) market and are used predominantly in hospitals, government buildings, shopping arcades, and public swimming pools. While heat wheels and heat recovery chillers are more popular at present, emerging trends suggest an increase in demand for heat pipes in the foreseeable future.
Interestingly, the industry is witnessing a gradual shift toward water-cooled heat recovery devices as the government has eased the rules regulating the use of water-cooled systems. "What is more, water-cooled chillers save 30.0 percent more electricity than air-cooled chillers and have an output ratio nine times that of air-cooled chillers," notes the analyst of this research service. "Hence, water-cooled systems help address much of the energy and space constraints common in Hong Kong."
Increasing Health and Energy Consciousness Aiding Demand
Recent incidences of illnesses such as severe acute respiratory syndrome (SARS) have caused the Hong Kong population to pay greater attention to physical well being, spurring the demand for fitness center, spas, and saunas. Besides, beauty and weight loss treatments are also gaining popularity in the country and these trends are expected to fuel the growth of mid-sized heat pumps for fitness facilities such as spas and health centers that use significant volumes of hot water. Additionally, the trend toward energy conservation is also likely to be a powerful driver for heat recovery systems. The electrical and mechanical services department’s energy efficiency office (EEO) aggressively promotes energy efficiency in buildings and in 2003, introduced a new performance-based building energy code that resembles the American society of heating, refrigerating, and air conditioning engineers (ASHRAE) 90.1 and focuses on the building’s total energy consumption, as compared to the energy budget of a hypothetical building.
Overall, price is considered the most important factor for the use of heat recovery devices in the air-conditioning systems." End users are also concerned about the life cycle costs of adopting the devices and prefer the investment return period to be within two years," says the analyst. "After-sales service is also important as indicated by the fact that all air-conditioning manufacturers maintain technical teams and repair facilities in Hong Kong."
1. Introduction
-1. Country Background
--1. Socio-economic Analysis
--2. Political Environment
--3. Building Construction Trends
2. Heat Recovery Systems Markets in Hong Kong
-1. Market Overview and Key Market Trends
--1. Introduction
--2. Building Construction and Health Market Trends
--3. Energy Conservation Trends
--4. Product and Import Trends
--5. Regulatory Trends
--6. Competitive Trends
--7. End-user Trends
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