Global HVAC Market 2017-2021

  • ID: 4199025
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Bosch Thermotechnik
  • DAIKIN INDUSTRIES
  • FUJITSU
  • Haier
  • Ingersoll Rand
  • Lennox International
  • MORE
HVAC systems are used to ventilate and filter the air in residential and non-residential spaces to maintain thermal balance. Various components used in these systems are heat exchangers, pumps, and fans. These systems control and regulate the temperature and humidity levels.

The type of HVAC system required is determined by the indoor and outdoor air quality. One of the key factors that is driving the demand for HVAC systems is the rapid growth of the construction sector and real estate markets worldwide. Most of the newly constructed, modern buildings have been employing energy-efficient HVAC systems. In addition, urbanization and industrialization have been on the rise in developing countries. This has resulted in an increase in the number of factories, manufacturing units, commercial buildings, and residential complexes that have been using HVAC systems.

The analysts forecast the global HVAC market to grow at a CAGR of 5.24% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVAC market for 2017-2021. To calculate the market size, the report includes the market segmentation based on HVAC equipment and services, end-users (residential and non-residential), and geography.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global HVAC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Carrier Corporation
- DAIKIN INDUSTRIES
- Ingersoll Rand
- Johnson Controls
- LG Electronics

Other prominent vendors
- ELECTROLUX
- Bosch Thermotechnik
- FUJITSU
- Midea Group
- GREE ELECTRIC APPLIANCES
- Haier
- Hitachi
- Lennox International
- Nortek
- SAMSUNG

Market drivers
- Rising preference for condensing boilers.
- For a full, detailed list, view the full report

Market challenges
- High market competition.
- For a full, detailed list, view the full report

Market trends
- Rise in incorporation of building automation systems.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Bosch Thermotechnik
  • DAIKIN INDUSTRIES
  • FUJITSU
  • Haier
  • Ingersoll Rand
  • Lennox International
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by equipment and services
  • Market overview
  • Global HVAC market by HVAC equipment
  • Global HVAC market by HVAC services
PART 07: Market segmentation by end-user
  • Market overview
  • Global HVAC market by non-residential end-user
  • Global HVAC market by residential end-user
PART 08: Geographical segmentation
  • Market overview
  • HVAC market in APAC
  • HVAC market in EMEA
  • HVAC market in Americas
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Rise in incorporation of building automation systems
  • Increasing use of renewable energy sources for residential heating
  • Growing adoption of smartphones for controlling HVAC devices
  • Technological advancements in VRF
  • Net zero buildings in India
PART 12: Vendor landscape
  • Competitive scenario
  • Geographical presence
  • Other prominent vendors
PART 13: Key vendor analysis
  • Carrier Corporation
  • DAIKIN INDUSTRIES
  • Ingersoll Rand
  • Johnson Controls
  • LG Electronics
PART 14: Appendix
  • List of abbreviations
List of Exhibits

Exhibit 01: Benefits of HVAC systems
Exhibit 02: Global HVAC equipment market by geography 2016-2021 ($ billions)
Exhibit 03: Market overview
Exhibit 04: Global HVAC market 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global HVAC market by equipment and services 2016 and 2021 (%)
Exhibit 07: Global HVAC market by HVAC equipment 2016-2021 ($ billions)
Exhibit 08: Global HVAC market by HVAC equipment: Product segmentation 2016-2021 ($ billions)
Exhibit 09: Global HVAC market by air conditioning equipment, 2016-2021 ($ billions)
Exhibit 10: Global HVAC market by heating equipment 2016-2021 ($ billions)
Exhibit 11: Growth rate of heating pump units sold in Europe 2011-2015 (%)
Exhibit 12: Global HVAC market by ventilation equipment 2016-2021 ($ billions)
Exhibit 13: Global HVAC market by HVAC services 2016-2021 ($ billions)
Exhibit 14: Global HVAC market by end-users 2016 and 2021 (%)
Exhibit 15: Global HVAC market by non-residential end-user 2016-2021 ($ billions)
Exhibit 16: Global HVAC market by residential end-user 2016-2021 ($ billions)
Exhibit 17: US privately owned housing units under construction (thousands of units)
Exhibit 18: Global HVAC market by geography 2016 and 2021 (%)
Exhibit 19: HVAC market in APAC 2016-2021 ($ billions)
Exhibit 20: Growth rate of floor space of buildings under construction 2010-2015 (%)
Exhibit 21: HVAC market in EMEA 2016-2021 ($ billions)
Exhibit 22: HVAC market in Americas 2016-2021 ($ billions)
Exhibit 23:16 edition of ASHRAE-Standard 15
Exhibit 24:16 edition of ASHRAE-Standard 34
Exhibit 25: New single family houses built for sale, presence of air conditioning 2010-2015 (%)
Exhibit 26: Housing starts in Canada 2013-2016 (thousand units)
Exhibit 27: Global VRF system market 2016-2021 ($ billions)
Exhibit 28: Growth rate of skilled manpower in US HVAC industry 2012-2022 (%)
Exhibit 29: Annual growth rate of China’s GDP 2008-2015 (%)
Exhibit 30: Building materials used for energy conservation
Exhibit 31: Geographical presence of the key vendors
Exhibit 32: List of other prominent vendors in HVAC market
Exhibit 33: Products and services by DAIKIN INDUSTRIES
Exhibit 34: Product offerings by brands
Exhibit 35: HVAC product offerings by Trane
Exhibit 36: Product offerings by Johnson Controls
Exhibit 37: HVAC equipment offered by Johnson Controls
Exhibit 38: Product offerings by LG Electronics
Exhibit 39: HVAC systems by LG Electronics
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch Thermotechnik
  • DAIKIN INDUSTRIES
  • FUJITSU
  • Haier
  • Ingersoll Rand
  • Lennox International
  • MORE
New Report Released: - Global HVAC Market 2017-2021

The author of the report recognizes the following companies as the key players in the global HVAC market: Carrier Corporation, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls, and LG Electronics.

Other Prominent Vendors in the market are: ELECTROLUX, Bosch Thermotechnik, FUJITSU, Midea Group, GREE ELECTRIC APPLIANCES, Haier, Hitachi, Lennox International, Nortek, and SAMSUNG.

Commenting on the report, an analyst from the research team said: “One trend in market is rise in incorporation of building automation systems. BASs, which control and monitor HVAC and other facilities of a given building, are embedded with computing and digital communication tools that allow these systems to enhance energy efficiency. The number of integrated BAS installations has increased owing to the rise in the number of construction projects and building retrofits.

The BAS technology has advanced features owing to improvements in the sensor technology, availability of cheaper and faster communication systems, and improved user interfaces. Manufacturers are implementing open protocols, including the Internet protocol, to provide improved control solutions. BAS is becoming a common technology for enhancing the interaction and operability among HVAC, lighting, fire, and security control units of a building. The energy efficiency ensured by the ever-improving BAS technology enables building owners to enhance facility management with integrated user-friendly HVAC solutions. The integration of HVAC controls with access control technologies is one such example.”

According to the report, one driver in market is growing construction sector. The construction sector plays a major role in driving the demand for HVAC systems. With the increase in construction of commercial and residential buildings, the demand for HVAC equipment and services has been increasing, thereby, driving the growth of the global HVAC market. The construction industry is expanding significantly across the globe. There are a lot of factors leading to the expansion of the construction industry.

APAC is the major market for construction and is expected to grow at the highest rate during the forecast period. The primary reason for the growth is the ongoing developments in the infrastructure and real estate sectors in the region. An increase in the trend of green buildings owing to the growing environmental concerns will drive the demand for HVAC systems. Office buildings and high-rise buildings adopt HVAC systems for maintaining the temperature within the building premises. Similarly, residential use of HVAC systems is on the rise, particularly in hot regions such as APAC and the Middle East. Design enhancements in housing constructions and increase in the number of building permits are fueling the increase in demand for ACs.

Further, the report states that one challenge in market is high market competition. The presence of many regional and international players has increased market competitiveness. Many international players are unable to retain their foothold in the market owing to lower cost offerings of HVAC components and parts by regional vendors. Some HVAC vendors in APAC sell components and parts at subsidized rates, reducing sales of high-quality premium products provided by international players.

This affects the pricing strategy, R&D investments, and brand image of established international players. The competition in the market has increased due to joint ventures and strategic alliances to enhance energy management and automation. In 2015, Hitachi signed an agreement to form a global appliances joint venture with Johnson Controls, which gave the former a majority stake in the HVAC market. As air conditioning systems are key components of building solutions, this partnership helped both companies innovate and deliver high-quality HVAC solutions to their consumers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Carrier Corporation
  • DAIKIN INDUSTRIES
  • Ingersoll Rand
  • Johnson Controls
  • LG Electronics
  • ELECTROLUX
  • Bosch Thermotechnik
  • FUJITSU
  • Midea Group
  • GREE ELECTRIC APPLIANCES
  • Haier
  • Hitachi
  • Lennox International
  • Nortek
  • SAMSUNG
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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