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HVAC Equipment Market - Forecast (2020 - 2025)

  • ID: 3339386
  • Report
  • March 2020
  • Region: Global
  • 111 pages
  • IndustryARC
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HVAC Equipment Market Overview:

Heating, Ventilating and Air-conditioning systems are used for providing indoor comfort by maintaining good air quality. The market for HVAC equipment was valued at $156.33 billion in the year 2017 and is estimated to reach by $242.59 billion by 2023 at an estimated CAGR of 7.6%. China is the leading industry in the global HVAC market due to its stable rise in the economy. APAC held the largest market share in the cooling equipment market generating 56% of the total revenue.

HVAC Equipment Market Outlook:

HVAC market can be broadly segmented in to heating, cooling and ventilation equipment market. There are various products in the heating equipment such as heat pumps, boilers, furnaces, space heaters and many more. The products under the cooling equipment include air-conditioners, chillers, cooling towers, coolers and many more. Ventilation equipment consists of fans, duct fans, draft inducers, air purifiers, humidifiers and dehumidifiers and many more. These equipment are being used in various commercial and residential buildings, healthcare industry, automotive and various other industries.

HVAC Equipment Market Growth drivers:

The increasing demand in the residential and commercial infrastructure have led to the rise in urbanization. This growing demand in the construction industry will drive the HVAC equipment market. The rise in the population in various regions such as Asia-Pacific and North-American regions will in turn leads to the development in residential buildings which is also a major driver for the HVAC equipment market. The other drivers include the changes in the atmospheric conditions, advancement of technologies and replacement of aging equipment and many more.

HVAC Equipment Market Challenges:

The predominant raw materials for the manufacturing of HVAC equipment are electronics, plastics, chemicals, compressors among many others. The continuous increase in the prices and availability of these raw materials has been a major challenge for the HVAC equipment market. The other major challenge in this market is the specialized equipment costs required for servicing a product.

HVAC market

HVAC Equipment Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Superabsorbent Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

HVAC Equipment Market Report: Industry Coverage

HVAC Equipment Market– By Heating Equipment: Heat pumps, air furnaces, boilers, space heaters and others.

HVAC Equipment Market– By Cooling Equipment: Cooling towers, chillers, coolers, air conditioners and others.

HVAC Equipment Market– By Ventilation Equipment: Ultrasonic humidifiers, warm-mist humidifiers, absorption dehumidifiers, air purifiers and others.

HVAC Equipment Market– By General Components: Condensers, compressors, radiators, sensors, transducers and many others.

HVAC Equipment Market– By End-User industries: Residential and commercial, healthcare industry, educational and government institutions and many others.

The Superabsorbent Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

HVAC Equipment Market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: Daikin, United Technologies, Johnson Controls, LG Electronics, Electrolux, Emerson, Honeywell and many more.

Market Research and Market Trends of HVAC Equipment Market

  • Panasonic Corporation, one of the key players in the HVAC market manufactures air to heater pumps to various countries and has now announced that it has started production of residential air to water heat pumps in Pilsen, Czech Republic in the month of October, 2018.
  • A battery powered HVAC system was developed for Cascadia trucks. It is a battery enabled system which reduces emissions and also makes drivers in maintaining a comfortable temperature in the cabs. The advantage over using these systems is that the components are serviceable and can be serviced without removing the cabinet.
  • A new regulation was introduced in the U.S that the furnaces must have 90% efficiency whereas in the southern states only 80% efficiency is required. There are also researches going in developing the software and other online tools to the HVAC systems to connect to the local customers.


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1. HVAC Equipment Market - Overview
1.1. Definitions and Scope

2. HVAC Equipment Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography

3. HVAC Equipment Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis

4. HVAC Equipment Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes

5. HVAC Equipment Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle

6. HVAC Equipment Market– By Heating equipment and components (Market Size -$Million / $Billion)
6.1. Segment type Size and Market Share Analysis
6.2. Application Revenue and Trends by type of Application
6.3. Product Segment Analysis by Type
6.3.1. Heating Pumps
6.3.1.1. Air-to-water heat pumps
6.3.1.2. Air-to-air heat pumps
6.3.1.3. Water-to-water heat pumps
6.3.1.4. Others
6.3.2. Furnaces
6.3.2.1. Oil furnaces
6.3.2.2. Gas furnaces
6.3.2.3. Electric furnaces
6.3.2.4. Others
6.3.3. Boilers
6.3.3.1. Gas condensing boilers
6.3.3.2. Oil condensing boilers
6.3.3.3. Steam boilers
6.3.3.4. Hot water boilers
6.3.3.5. Others
6.3.4. Space heaters
6.3.5. Unitary heaters
6.3.5.1. Gas unit heaters
6.3.5.2. Electric unit heaters
6.3.5.3. Oil-fired unit heaters
6.3.6. Others

7. HVAC Equipment Market– By Cooling equipment and components (Market Size -$Million / $Billion)
7.1. Cooling towers
7.1.1. Evaporative cooling towers
7.1.2. Hybrid cooling towers
7.1.3. Others
7.2. Air Conditioners
7.2.1. Window Air Conditioners
7.2.2. Split Air Conditioners
7.2.3. Central Air Conditioners
7.2.4. Others
7.3. Chillers
7.3.1. Centrifugal chillers
7.3.2. Absorption chillers
7.3.3. Screw chillers
7.3.4. Water cooled chillers
7.3.5. Others
7.4. Coolers
7.4.1. Ducted coolers
7.4.2. Window coolers
7.5. Others

8. HVAC Equipment Market– By Ventilation equipment (Market Size -$Million / $Billion)
8.1. Duct Fans
8.2. Draft inducers
8.3. Air purifiers
8.4. Air filtration
8.5. Humidifiers
8.5.1. Cool-mist humidifiers
8.5.1.1. Ultrasonic humidifiers
8.5.1.2. Impellers
8.5.1.3. Others
8.5.2. Warm-mist humidifiers
8.6. Dehumidifiers
8.6.1. Refrigeration dehumidifiers
8.6.2. Absorption dehumidifiers
8.7. Air purifiers
8.7.1. Electrostatic air purifiers
8.7.2. Ionic air purifiers
8.7.3. Activated carbon air purifiers
8.7.4. Others
8.8. Air filters
8.9. Ventilation fans
8.9.1. Cross flow fans
8.9.2. Centrifugal fans
8.9.3. Power roof fans
8.9.4. Others

9. HVAC Equipment Market– By Components (Market Size -$Million / $Billion)
9.1. Compressor
9.2. Condenser
9.3. Radiators
9.4. Actuators
9.5. Transducers
9.6. Coils
9.7. Others

10. HVAC Equipment Market– By End-user industry (Market Size -$Million / $Billion)
10.1. Market Size and Market Share Analysis
10.2. Application Revenue and Trend Research
10.3. Product Segment Analysis
10.3.1. Commercial
10.3.1.1. Office
10.3.1.2. Lodging
10.3.1.3. Healthcare
10.3.1.4. Warehouse
10.3.1.5. Educational and government institutions
10.3.1.6. Others
10.3.2. Residential
10.3.3. Automotive
10.3.4. Others

11. HVAC Equipment Market- By Geography (Market Size -$Million / $Billion)
11.1. HVAC Equipment Market - North America Segment Research
11.2. North America Market Research (Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size
11.2.5.1. U.S.
11.2.5.2. Canada
11.2.5.3. Mexico
11.2.5.4. Rest of North America
11.3. HVAC Equipment Market- South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size
11.4.5.1. Brazil
11.4.5.2. Venezuela
11.4.5.3. Argentina
11.4.5.4. Ecuador
11.4.5.5. Peru
11.4.5.6. Colombia
11.4.5.7. Costa Rica
11.4.5.8. Rest of South America
11.5. HVAC Equipment Market- Europe Segment Research
11.6. Europe Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment Product type and Application Market Size
11.6.5.1. U.K
11.6.5.2. Germany
11.6.5.3. Italy
11.6.5.4. France
11.6.5.5. Netherlands
11.6.5.6. Belgium
11.6.5.7. Spain
11.6.5.8. Denmark
11.6.5.9. Rest of Europe
11.7. HVAC Equipment Market– APAC Segment Research
11.8. APAC Market Research (Market Size -$Million / $Billion)
11.8.1. Segment type Size and Market Size Analysis
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment – Product type and Application Market Size
11.8.5.1. China
11.8.5.2. Australia
11.8.5.3. Japan
11.8.5.4. South Korea
11.8.5.5. India
11.8.5.6. Taiwan
11.8.5.7. Malaysia
11.8.5.8. Hong Kong
11.8.5.9. Rest of APAC
11.9. HVAC Equipment Market– Middle East Segment and Africa Segment Research
11.10. Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1. Segment type Size and Market Size Analysis
11.10.2. Revenue and Trend Analysis
11.10.3. Application Revenue and Trends by type of Application
11.10.4. Company Revenue and Product Analysis
11.10.5. Middle East Segment Product type and Application Market Size
11.10.5.1. Israel
11.10.5.2. Saudi Arabia
11.10.5.3. UAE
11.10.6. Africa Segment Analysis
11.10.6.1. South Africa
11.10.6.2. Rest of Middle East & Africa

12. HVAC Equipment Market - Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships

13. HVAC Equipment Market Company Analysis
13.1. Market Share, Company Revenue, Products, M&A, Developments
13.2. Daikin
13.3. United Technologies
13.4. Johnson Controls
13.5. LG Electronics
13.6. Electrolux
13.7. Emerson
13.8. Honeywell

14. HVAC Equipment Market -Appendix
14.1. Abbreviations
14.2. Sources
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