Global Heating Ventilation and Air Conditioning Market: Focus on Products (Window and Portable, Mini-splits, Single Packaged, Chillers, VRFs, AHUs and FCUs) , and 37 Countries- Analysis and Forecast (2018-2024)

  • ID: 4555825
  • Report
  • Region: Global
  • 316 pages
  • BIS Research
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Global Heating Ventilation and Air Conditioning Market to Grow at a CAGR of 4.5% in Volume by 2024

FEATURED COMPANIES

  • Carrier
  • Fujitsu Limited
  • Hitachi, Ltd.
  • LG Electronics
  • Panasonic Corporation
  • Toshiba Corporation
  • MORE

Evolving from rapid growth, the global HVAC market witnessed stagnation, and has subsequently gained momentum again. The dynamic nature of the industry can largely be attributed to factors, such as increasing urbanization, unprecedented population growth, and frequently modifying governmental regulations for making the HVAC products more energy efficient. Furthermore, increasing urban population worldwide which has led to an increase in the demand for HVAC products has acted as a major driver for the HVAC market. The regions having the fastest rate of increasing urban population have been the major target for HVAC system providers.

The global HVAC market is expected to grow at a decent rate during the forecast period. This is due to rapid growth in the construction sector. The VRF technology is expected to grow at the highest rate of 9.0% CAGR in terms of volume during the forecast period. The growth of VRF technology is majorly driven by the increased demand from the commercial and industrial sectors as VRF is more energy efficient. The global HVAC market is estimated to witness growth at a CAGR of 4.5% and 2.6% over the period 2018-2024 in terms of volume and value, respectively. The rising temperature due to global warming have led to an increased demand for HVAC products and its market is expected to grow at a decent rate in the coming years. Furthermore, the boom in the construction sector in regions such as the Middle East and Americas are driving the growth for this market. Also, the presence of industry leaders such as Carrier Corporation, Johnson Controls, and Daikin Industries, among others, has significantly contributed to the growth of the HVAC market.

The most often used strategy for securing stronger presence in the market has been the product launch, followed by partnerships, joint ventures, and collaborations. Moreover, the Company Profiles section of the study includes highlights of significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years. Some of the key players involved in this market are Daikin Industries Ltd., Trane, Johnson Controls, Carrier, Samsung Electronics Co., Ltd., LG Electronics, Fujitsu Limited, and Zamil Industrial.

Key questions answered in the report:

  • What will be the global HVAC market value by 2024 along with the estimated CAGR?
  • What are the major drivers for the global HVAC market in the period 2017-2024?
  • Which factors are impending the growth of the global HVAC market?
  • What are the recent trends and developments in the global HVAC industry?
  • Who are the leading players in the HVAC market and what are the products offered by these leading players?
  • Which HVAC product type will lead the global HVAC market by 2024?
  • What will be the revenue generated by HVAC products across different countries during the forecast period?
  • Which application will dominate the global HVAC application market by 2024?
  • Which region will lead the global HVAC market by 2024?
  • Which country will lead the global HVAC market by 2024?

Enterprisewide customers will receive an Excel spreadsheet containing data in the report such as tables/market numbers.
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FEATURED COMPANIES

  • Carrier
  • Fujitsu Limited
  • Hitachi, Ltd.
  • LG Electronics
  • Panasonic Corporation
  • Toshiba Corporation
  • MORE

Executive Summary

1 Report Scope & Methodology
1.1 Scope of the Report
1.2 HVAC Market Research Methodology

2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Extreme Weather Conditions
2.2.2 Growing Construction Sector Driving the Growth of HVAC Industry
2.2.3 Increasing Population and Rapid Urbanization
2.3 Market Restraints
2.3.1 Adherence to Stringent Regulations to Maintain Energy Efficiency Standards
2.3.2 Increasing Demand for Energy Worldwide
2.3.3 Alarming issue of Global Warming
2.4 Market Opportunities
2.4.1 Gradual Shift Towards Renewable Source of Energy
2.4.2 Adoption of Environment Friendly Refrigerants
2.4.3 Development of Green Buildings and Smart Cities

3 Competitive Insights
3.1 Key Strategies and Developments
3.1.1 New Product Launches
3.1.2 Partnerships and Collaborations
3.1.3 Mergers and Acquisitions
3.1.4 Others
3.2 Industry Attractiveness

4 Industry Analysis
4.1 Patent Analysis
4.2 Consortiums, Associations and Regulatory Bodies
4.3 Value Chain Analysis

5 Global Heating, Ventilation, and Air Conditioning Market, By Product Type
5.1 Assumptions and Limitations
5.2 Market Overview
5.2.1 Window and Portable Air Conditioners
5.2.2 Mini Split Air Conditioners
5.2.3 Packaged Air Conditioners
5.2.4 Chillers
5.2.5 Air Handling Units & Fan Coil Units (AHUs & FCUs)
5.2.6 Variable Refrigerant Flow (VRF) Systems

6 Global Heating Ventilation and Air Conditioning Market, by Region
6.1 Market Overview
6.2 North America
6.2.1 North America HVAC Market Overview
6.2.2 The U.S.
6.2.3 Canada
6.2.4 Mexico
6.3 Europe
6.3.1 Europe HVAC Market Overview
6.3.2 Germany
6.3.3 The U.K.
6.3.4 Spain
6.3.5 Russia
6.3.6 Italy
6.3.7 Turkey
6.3.8 Rest of Europe
6.4 Asia
6.4.1 Asia HVAC Market Overview
6.4.2 China
6.4.3 Japan
6.4.4 India
6.4.5 South Korea
6.4.6 Indonesia
6.4.7 Vietnam
6.4.8 Thailand
6.4.9 Malaysia
6.4.10 Rest of Asia
6.5 Oceania
6.5.1 Oceania HVAC Market Overview
6.5.2 Australia
6.5.3 New Zealand
6.6 Middle East
6.6.1 Middle East Market Overview
6.6.2 Key Developments Middle East Market Overview
6.6.3 Kingdom of Saudi Arabia
6.6.4 The United Arab Emirates (U.A.E.)
6.6.5 Iran
6.6.6 Oman
6.6.7 Qatar
6.6.8 Kuwait
6.6.9 Bahrain
6.6.10 Rest of Middle East
6.7 Africa
6.7.1 Africa HVAC Market Overview
6.7.2 Egypt
6.7.3 Morocco
6.7.4 Tunisia
6.7.5 South Africa
6.7.6 Rest of Africa
6.8 Latin America
6.8.1 Latin America HVAC Market Overview
6.8.2 Brazil
6.8.3 Argentina
6.8.4 Rest of Latin America

7 Company Profiles
7.1 Samsung Electronics Co., Ltd.
7.1.1 Company Overview
7.1.2 Financials
7.1.2.1 Financial Summary
7.1.3 SWOT Analysis
7.2 Carrier
7.2.1 Company Overview
7.2.1.1 Corporate Summary
7.2.2 SWOT Analysis
7.3 Johnson Controls International plc
7.3.1 Company Overview
7.3.2 Financials
7.3.2.1 Financial Summary
7.3.3 SWOT Analysis
7.4 Lennox International Inc.
7.4.1 Company Overview
7.4.2 Financials
7.4.2.1 Financial Summary
7.4.3 SWOT Analysis
7.5 Daikin Industries, Ltd.
7.5.1 Company Overview
7.5.2 Financials
7.5.2.1 Financial Summary
7.5.3 SWOT Analysis
7.6 Trane
7.6.1 Company Overview
7.6.1.1 Corporate Summary
7.6.2 SWOT Analysis
7.7 LG Electronics
7.7.1 Company Overview
7.7.2 Financials
7.7.2.1 Financial Summary
7.7.3 SWOT Analysis
7.8 Zamil Industrial
7.8.1 Company Overview
7.8.2 Financials
7.8.2.1 Financial Summary
7.8.3 SWOT Analysis
7.9 Hitachi, Ltd.
7.9.1 Company Overview
7.9.2 Financials
7.9.2.1 Financial Summary
7.9.3 SWOT Analysis
7.1 Mitsubishi Electric Corporation
7.10.1 Company Overview
7.10.2 Financials
7.10.2.1 Financial Summary
7.10.3 SWOT Analysis
7.11 Panasonic Corporation
7.11.1 Company Overview
7.11.2 Financials
7.11.2.1 Financial Summary
7.11.3 SWOT Analysis
7.12 Fujitsu Limited
7.12.1 Company Overview
7.12.2 Financials
7.12.2.1 Financial Summary
7.12.3 SWOT Analysis
7.13 Toshiba Corporation
7.13.1 Company Overview
7.13.2 Financials
7.13.2.1 Financial Summary
7.13.3 SWOT Analysis
7.14 Midea Group Co., Ltd.
7.14.1 Company Overview
7.14.2 Financials
7.14.2.1 Financial Summary
7.14.3 SWOT Analysis
7.15 Gree Electric Appliances Inc.
7.15.1 Company Overview
7.15.2 Financials
7.15.2.1 Financial Summary
7.15.3 SWOT Analysis
7.16 Haier
7.16.1 Company Overview
7.16.2 Financials
7.16.2.1 Financial Summary
7.16.3 SWOT Analysis

List of Tables
Table 1 Some Mega Ongoing Projects Worldwide
Table 2.1 Some Mega Ongoing Projects Worldwide
Table 2.3 Refrigerants and their Respective ODP & GWP
Table 2.4 Refrigerants and their respective ODP & GWP
Table 2.6 IoT Developments in HVAC Industry
Table 3.1 New Product Launches
Table 3.2 Partnerships and Collaborations
Table 3.3 Key Mergers and Acquisitions
Table 3.4 Others
Table 3.5 Buyers and Suppliers in HVAC Market
Table 3.6 Key factors in Determining “Threat from New Entrants” in HVAC Market
Table 3.7 Key Factors in Determining “Bargaining Power of Buyers” in HVAC Market
Table 3.8 Key Factors in Determining “Bargaining Power of Suppliers” in HVAC Market
Table 3.9 Key Factors in Determining “Threat of Substitute Products or Services” in HVAC Market
Table 3.10 Key Factors in Determining “Rivalry Among Existing Firms” in HVAC Market
Table 4.1 Example of Some Recent Patents
Table 4.2 Examples of Some Associations, Consortia & Regulatory Bodies
Table 5.1 Global HVAC Market (Volume), 2017-2024
Table 5.2 Global HVAC Market (Value), 2017-2024
Table 5.3 Global HVAC Market, by Product (Volume), 2017-2024
Table 5.4 Global HVAC Market, by Product (Value), 2017-2024
Table 5.5 Global Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 5.6 Global Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 5.7 Global Split Air Conditioners Market (Volume), 2017-2024
Table 5.8 Global Split Air Conditioners Market (Value), 2017-2024
Table 5.9 Global Single Packaged Market (Volume), 2017-2024
Table 5.10 Global Single Packaged Market (Value), 2017-2024
Table 5.11 Global Chillers Market (Volume), 2017-2024
Table 5.12 Global Chillers Market (Value), 2017-2024
Table 5.13 Global FCU & AHU Market (Volume), 2017-2024
Table 5.14 Global FCU & AHU Market (Value), 2017-2024
Table 5.15 Window Air Conditioners v/s Portable Air Conditioners
Table 5.16 Air Cooled Chillers v/s Water Cooled Chillers
Table 5.17 VRFs vs Mini Splits
Table 6.1 Global HVAC Market, by Region (Volume), 2017-2024
Table 6.2 Global HVAC Market, by Region (Value), 2017-2024
Table 6.3 North America HVAC Market (Volume), 2017-2024
Table 6.4 North America HVAC Market (Value), 2018-2024
Table 6.5 North America HVAC Market, by Product (Volume), 2018-2024
Table 6.6 North America HVAC Market, by Product (Value), 2017-2024
Table 6.7 North America HVAC Market, by Country (Volume), 2017-2024
Table 6.8 North America HVAC Market, by Country (Value), 2017-2024
Table 6.9 North America Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 6.10 North America Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 6.11 North America Split Air Conditioners Market (Volume), 2017-2024
Table 6.12 North America Split Air Conditioners Market(Value), 2017-2024
Table 6.13 North America Single Packaged Market(Volume), 2017-2024
Table 6.14 North America Single Packaged Market (Value), 2017-2024
Table 6.15 North America Chillers Market (Volume), 2017-2024
Table 6.16 North America Chillers Market (Value), 2017-2024
Table 6.17 North America FCU & AHU Market (Volume), 2017-2024
Table 6.18 North America FCU & AHU Market (Value), 2017-2024
Table 6.19 U.S. HVAC Market, by Product (Volume), 2017-2024
Table 6.20 U.S. HVAC Market, by Product (Value), 2017-2024
Table 6.21 Canada HVAC Market, by Product (Volume), 2017-2024
Table 6.22 Canada HVAC Market, by Product (Value), 2017-2024
Table 6.23 Mexico HVAC Market, by Product (Volume), 2017-2024
Table 6.24 Mexico HVAC Market, by Product (Value), 2017-2024
Table 6.26 Some of the Major Construction Projects in the U.S. (2014-2017)
Table 6.27 Europe HVAC Market (Volume), 2017-2024
Table 6.28 Europe HVAC Market (Value), 2017-2024
Table 6.29 Europe HVAC Market, by Product (Volume), 2017-2024
Table 6.30 Europe HVAC Market, by Product (Value), 2017-2024
Table 6.31 Europe HVAC Market, by Country (Volume), 2017-2024
Table 6.32 Europe HVAC Market, by Country (Value), 2017-2024
Table 6.33 Europe Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 6.34 Europe Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 6.35 Europe Split Air Conditioners Market (Volume), 2017-2024
Table 6.36 Europe Split Air Conditioners Market (Volume), 2017-2024
Table 6.37 Europe Single Packaged Market (Volume), 2017-2024
Table 6.38 Europe Single Packaged Market (Value), 2017-2024
Table 6.39 Europe Chillers Market (Volume), 2017-2024
Table 6.40 Europe Chillers Market (Value), 2017-2024
Table 6.41 Europe FCU & AHU Market (Volume), 2017-2024
Table 6.42 Europe FCU & AHU Market (Value), 2017-2024
Table 6.43 Germany HVAC Market, by Product (Volume), 2017-2024
Table 6.44 Germany HVAC Market, by Product (Value), 2017-2024
Table 6.45  U.K. HVAC Market, by Product (Volume), 2017-2024
Table 6.46 U.K. HVAC Market, by Product (Value), 2017-2024
Table 6.47 Spain HVAC Market, by Product (Volume), 2017-2024
Table 6.48 Spain HVAC Market, by Product (Value), 2017-2024
Table 6.49 Russia HVAC Market, by Product (Volume), 2017-2024
Table 6.50 Russia HVAC Market, by Product (Value), 2017-2024
Table 6.51 Italy HVAC Market, by Product (Volume), 2017-2024
Table 6.52 Italy HVAC Market, by Product (Value), 2017-2024
Table 6.53 Turkey HVAC Market, by Product (Volume), 2017-2024
Table 6.54 Turkey HVAC Market, by Product (Value), 2017-2024
Table 6.55 Rest of Europe HVAC Market, by Product (Volume), 2017-2024
Table 6.56 Rest of Europe HVAC Market, by Product (Value), 2017-2024
Table 6.58 Asia HVAC Market (Volume), 2017-2024
Table 6.59 Asia HVAC Market (Value), 2017-2024
Table 6.60 Asia HVAC Market, by Product (Volume), 2017-2024
Table 6.61 Asia HVAC Market, by Product (Value), 2017-2024
Table 6.62 Asia HVAC Market, by Country (Volume), 2017-2024
Table 6.63 Asia HVAC Market, by Country (Value), 2017-2024
Table 6.64 Asia Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 6.65 Asia Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 6.66 Asia Split Air Conditioners Market (Volume), 2017-2024
Table 6.67 Asia Split Air Conditioners Market (Value), 2017-2024
Table 6.68 Asia Single Packaged Market (Volume), 2017-2024
Table 6.69 Asia Single Packaged Market (Value), 2017-2024
Table 6.70 Asia Chillers Market (Volume), 2017-2024
Table 6.71 Asia Chillers Market (Value), 2017-2024
Table 6.72 Asia FCU & AHU Market (Volume), 2017-2024
Table 6.73 Asia FCU & AHU Market (Value), 2017-2024
Table 6.74 China HVAC Market, by Product (Volume), 2017-2024
Table 6.75 China HVAC Market, by Product (Value), 2017-2024
Table 6.76 Japan HVAC Market, by Product (Volume), 2017-2024
Table 6.77 Japan HVAC Market, by Product (Value), 2017-2024
Table 6.78  India HVAC Market, by Product (Volume), 2017-2024
Table 6.79 India HVAC Market, by Product (Value), 2017-2024
Table 6.80 South Korea HVAC Market, by Product (Volume), 2017-2024
Table 6.81 South Korea HVAC Market, by Product (Value), 2017-2024
Table 6.82 Indonesia HVAC Market, by Product (Volume), 2017-2024
Table 6.83 Indonesia HVAC Market, by Product (Value), 2017-2024
Table 6.84 Vietnam HVAC Market, by Product (Volume), 2017-2024
Table 6.85 Vietnam HVAC Market, by Product (Value), 2017-2024
Table 6.86 Thailand HVAC Market, by Product (Volume), 2017-2024
Table 6.87 Thailand HVAC Market, by Product (Value), 2017-2024
Table 6.88 Malaysia HVAC Market, by Product (Volume), 2017-2024
Table 6.89 Malaysia HVAC Market, by Product (Value), 2017-2024
Table 6.90 Rest of Asia HVAC Market, by Product (Volume), 2017-2024
Table 6.91 Rest of Asia HVAC Market, by Product (Value), 2017-2024
Table 6.94 Oceania HVAC Market (Volume), 2017-2024
Table 6.95 Oceania HVAC Market (Value), 2017-2024
Table 6.96 Oceania HVAC Market, by Product (Volume), 2017-2024
Table 6.97 Oceania HVAC Market, by Product (Value), 2017-2024
Table 6.98 Oceania HVAC Market, by Country (Volume), 2017-2024
Table 6.99 Oceania HVAC Market, by Country (Value), 2017-2024
Table 6.100 Oceania Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 6.101 Oceania Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 6.102 Oceania Split Air Conditioners (Volume), 2017-2024
Table 6.103 Oceania Split Air Conditioners Market (Volume), 2017-2024
Table 6.104 Oceania Single Packaged Market (Volume), 2017-2024
Table 6.105 Oceania Single Packaged Market (Value), 2017-2024
Table 6.106 Oceania Chillers Market (Volume), 2017-2024
Table 6.107 Oceania Chillers Market (Value), 2017-2024
Table 6.108 Oceania FCU & AHU Market (Volume), 2017-2024
Table 6.109 Oceania FCU & AHU Market (Value), 2017-2024
Table 6.110 Australia HVAC Market, by Product (Volume), 2017-2024
Table 6.111 Australia HVAC Market, by Product (Value), 2017-2024
Table 6.112 New Zealand HVAC Market, by Product (Volume), 2017-2024
Table 6.113 New Zealand HVAC Market, by Product (Value), 2017-2024
Table 6.115 Middle East HVAC Market (Volume), 2018-2024
Table 6.116 Middle East HVAC Market (Value), 2018-2024
Table 6.117 Middle East HVAC Market, by Product (Volume), 2017-2024
Table 6.118 Middle East HVAC Market, by Product (Value), 2017-2024
Table 6.11 Middle East HVAC Market, by Country (Volume), 2017-2024
Table 6.120 Middle East HVAC Market, by Country (Value), 2017-2024
Table 6.121 Middle East Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 6.122 Middle East Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 6.123 Middle East Split Air Conditioners Market (Volume), 2017-2024
Table 6.124 Middle East Split Air Conditioners Market (Volume), 2017-2024
Table 6.125 Middle East Single Packaged Market (Volume), 2017-2024
Table 6.126 Middle East Single Packaged Market (Value), 2017-2024
Table 6.127 Middle East Chillers Market (Volume), 2017-2024
Table 6.128 Middle East Chillers Market (Value), 2017-2024
Table 6.129 Middle East FCU & AHU Market (Volume), 2017-2024
Table 6.130 Middle East FCU & AHU Market (Value), 2017-2024
Table 6.131 Saudi Arabia HVAC Market, by Product (Volume), 2017-2024
Table 6.132 Saudi Arabia HVAC Market, by Product (Value), 2017-2024
Table 6.133 U.A.E. HVAC Market, by Product (Volume), 2017-2024
Table 6.134 U.A.E. HVAC Market, by Product (Value), 2017-2024
Table 6.135 Iran HVAC Market, by Product (Volume), 2017-2024
Table 6.136 Iran HVAC Market, by Product (Value), 2017-2024
Table 6.137 Oman HVAC Market, by Product (Volume), 2017-2024
Table 6.138 Oman HVAC Market, by Product (Value), 2017-2024
Table 6.139 Qatar HVAC Market, by Product (Volume), 2017-2024
Table 6.140 Qatar HVAC Market, by Product (Value), 2017-2024
Table 6.141 Kuwait HVAC Market, by Product (Volume), 2017-2024
Table 6.142 Kuwait HVAC Market, by Product (Value), 2017-2024
Table 6.143 Bahrain HVAC Market, by Product (Volume), 2017-2024
Table 6.144 Bahrain HVAC Market, by Product (Value), 2017-2024
Table 6.145 Rest of Middle East HVAC Market, by Product (Volume), 2017-2024
Table 6.146 Rest of Middle East HVAC Market, by Product (Value), 2017-2024
Table 6.148 Africa HVAC Market (Volume), 2017-2024
Table 6.149 Africa HVAC Market (Value), 2017-2024
Table 6.150 Africa HVAC Market, by Product (Volume), 2017-2024
Table 6.151 Africa HVAC Market, by Product (Value), 2017-2024
Table 6.152 Africa HVAC Market, by Country (Volume), 2017-2024
Table 6.153 Africa HVAC Market, by Country (Value), 2017-2024
Table 6.154 Africa Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 6.155 Africa Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 6.156 Africa Split Air Conditioners (Volume), 2017-2024
Table 6.157 Africa Split Air Conditioners (Value), 2017-2024
Table 6.158 Africa Single Packaged Market (Volume), 2017-2024
Table 6.159 Africa Single Packaged Market (Value), 2017-2024
Table 6.160 Africa Chillers Market (Volume), 2017-2024
Table 6.161 Africa Chillers Market (Value), 2017-2024
Table 6.162 Africa FCU & AHU Market (Volume), 2017-2024
Table 6.163 Africa FCU & AHU Market (Value), 2017-2024
Table 6.164 Egypt HVAC Market, by Product (Volume), 2017-2024
Table 6.165 Egypt HVAC Market, by Product (Value), 2017-2024
Table 6.166 Morocco HVAC Market, by Product (Volume), 2017-2024
Table 6.167 Morocco HVAC Market, by Product (Value), 2017-2024
Table 6.168 Tunisia HVAC Market, by Product (Volume), 2017-2024
Table 6.169 Tunisia HVAC Market, by Product (Value), 2017-2024
Table 6.170 South Africa HVAC Market, by Product (Volume), 2017-2024
Table 6.171 South Africa HVAC Market, by Product (Value), 2017-2024
Table 6.172 Rest of Africa HVAC Market, by Product (Volume), 2017-2024
Table 6.173 Rest of Africa HVAC Market, by Product (Value), 2017-2024
Table 6.175 Latin America HVAC Market (Volume), 2017-2024
Table 6.176 Latin America HVAC Market (Value), 2017-2024
Table 6.177 Latin America HVAC Market, by Product (Volume), 2017-2024
Table 6.178 Latin America HVAC Market, by Product (Value), 2017-2024
Table 6.179 Latin America HVAC Market, by Country (Volume), 2017-2024
Table 6.180 Latin America HVAC Market, by Country (Value), 2017-2024
Table 6.181 Latin America Window & Portable HVAC Market, by Product (Volume), 2017-2024
Table 6.182 Latin America Window & Portable HVAC Market, by Product (Value), 2017-2024
Table 6.183 Latin America Split Air Conditioners Market (Volume), 2017-2024
Table 6.184 Latin America Split Air Conditioners Market (Value), 2017-2024
Table 6.185 Latin America Single Packaged Market (Volume), 2017-2024
Table 6.186 Latin America Single Packaged Market (Value), 2017-2024
Table 6.187 Latin America Chillers Market (Volume), 2017-2024
Table 6.188 Latin America Chillers Market (Value), 2017-2024
Table 6.189 Latin America FCU & AHU Market (Volume), 2017-2024
Table 6.190 Latin America FCU & AHU Market (Value), 2017-2024
Table 6.191 Argentina HVAC Market, by Product (Volume), 2017-2024
Table 6.192 Argentina HVAC Market, by Product (Value), 2017-2024
Table 6.193 Brazil HVAC Market, by Product (Volume), 2017-2024
Table 6.194 Brazil HVAC Market, by Product (Value), 2017-2024
Table 6.195 Rest of Latin America HVAC Market, by Product (Volume), 2017-2024
Table 6.196 Rest of Latin America HVAC Market, by Product (Value), 2017-2024

List of Figures
Figure 1 Increasing Urban Population Worldwide
Figure 2 Global HVAC Market
Figure 3 Global HVAC Market, by Product type
Figure 4 Global HVAC Market, by Product type
Figure 5 Global Window and Portable Air Conditioner Market, by Product type
Figure 6 Global Split Air Conditioner Market, by Product type
Figure 7 Global Chiller Market, by Product type
Figure 8 Global AHU and FCU Market, by Product type
Figure 9 Global HVAC Market, by Region
Figure 1.1 Scope of the Report
Figure 1.2 Report Design
Figure 1.3 Secondary Data Sources
Figure 1.4 Top Down and Bottom Up Approach
Figure 1.5 HVAC Market Influencing Factors
Figure 1.6 Assumptions and Limitations
Figure 2.1 Market Dynamics
Figure 2.2 Increasing Urban Population Worldwide
Figure 2.3 Energy Consumption (Mtoe) by Different Countries (2016)
Figure 2.4 CO2 Emission Parts Per Million (PPM) in the Atmosphere
Figure 3.1 Key Strategies and Developments
Figure 3.2 Porter’s Five Forces Analysis for HVAC Market
Figure 4.1 Industry Analysis
Figure 4.2 Some key HVAC Players across Value Chain
Figure 4.3 Value Chain Analysis
Figure 5.1 Global HVAC Market, 2017-2024
Figure 5.2 Global HVAC Market, by Product Type
Figure 5.3 Global HVAC Market, by Product Type (2017)
Figure 5.4 Global Window and Portable HVAC Market, by Product Type (2017)
Figure 5.5 Global Chiller HVAC Market, by Product Type (2017)
Figure 5.6 Global AHU and FCU HVAC Market, by Product Type (2017)
Figure 5.7 Global Mini Split Air Conditioners Type
Figure 5.8 Global Chillers Type
Figure 6.1 Global HVAC Market, by Region
Figure 6.2 North America HVAC Market, 2017-2024
Figure 6.3 Europe HVAC Market, 2017-2024
Figure 6.4 Asia HVAC Market, 2017-2024
Figure 6.5 Oceania HVAC Market, 2017-2024
Figure 6.6 Middle East HVAC Market, 2017-2024
Figure 6.7 Africa HVAC Market, 2017-2024
Figure 6.8 Latin America HVAC Market, 2017-2024
Figure 7.1 Samsung Electronics Co., Ltd.: Overall Financials, 2015-17 ($Billion)
Figure 7.2 Samsung Electronics Co., Ltd.: Net Revenue by Region, 2015-17 ($Billion)
Figure 7.3 Samsung Electronics Co., Ltd.: Revenue by Business Segment, 2015-2016 ($Billion)
Figure 7.4 Samsung Electronics Co., Ltd.: SWOT Analysis
Figure 7.5 Carrier: SWOT Analysis
Figure 7.6 Johnson Controls International plc: Overall Financials, 2015-17 ($Billion)
Figure 7.7 Johnson Controls International plc: Net Revenue by Region, 2015-17 ($Billion)
Figure 7.8 Johnson Controls International plc: Revenue by Business Segment, 2015-2017 ($Billion)
Figure 7.9 Johnson Controls International plc: SWOT Analysis
Figure 7.10 Lennox International Inc.: Overall Financials, 2015-17 ($Million)
Figure 7.11 Lennox International Inc.: Net Revenue by Region, 2015-17 ($Million)
Figure 7.12 Lennox International Inc.: Revenue by Business Segment, 2015-2017 ($Million)
Figure 7.13 Lennox International Inc.: SWOT Analysis
Figure 7.14 Daikin Industries, Ltd.: Overall Financials, 2015-17 ($Million)
Figure 7.15 Daikin Industries, Ltd.: Net Revenue by Region, 2015-17 ($Million)
Figure 7.16 Daikin Industries, Ltd.: Revenue by Business Segment, 2015-2017 ($Million)
Figure 7.17 Daikin Industries, Ltd.: SWOT Analysis
Figure 7.18 Trane: SWOT Analysis
Figure 7.19 LG Electronics: Overall Financials, 2015-17 ($Billion)
Figure 7.20 LG Electronics: Net Revenue by Region, 2015-16 ($Billion)
Figure 7.21 LG Electronics: Revenue by Business Segment, 2015-2017 ($Billion)
Figure 7.22 LG Electronics: SWOT Analysis
Figure 7.23 Zamil Industrial: Overall Financials, 2015-17 ($Million)
Figure 7.24 Zamil Industrial: Net Revenue by Region, 2015-17 ($Million)
Figure 7.25 Zamil Industrial: Revenue by Business Segment, 2015-2017 ($Million)
Figure 7.26 Zamil Industrial: SWOT Analysis
Figure 7.27 Hitachi, Ltd.: Overall Financials, 2015-17 ($Billion)
Figure 7.28 Hitachi, Ltd.: Net Revenue by Region, 2015-17 ($Billion)
Figure 7.29 Hitachi, Ltd.: Revenue by Business Segment, 2015-2017 ($Billion)
Figure 7.30 Hitachi, Ltd.: SWOT Analysis
Figure 7.31 Mitsubishi Electric Corporation: Overall Financials, 2015-17 ($Billion)
Figure 7.32 Mitsubishi Electric Corporation: Net Revenue by Region, 2015-17 ($Billion)
Figure 7.33 Mitsubishi Electric Corporation: Revenue by Business Segment, 2015-2017 ($Billion)
Figure 7.34 Mitsubishi Electric Corporation: SWOT Analysis
Figure 7.35 Panasonic Corporation: Overall Financials, 2015-17 ($Billion)
Figure 7.36 Panasonic Corporation: Net Revenue by Region, 2015-17 ($Billion)
Figure 7.37 Panasonic Corporation: Revenue by Business Segment, 2015-2017 ($Billion)
Figure 7.38 Panasonic Corporation: SWOT Analysis
Figure 7.39 Fujitsu Limited: Overall Financials, 2015-17 ($Billion)
Figure 7.40 Fujitsu Limited: Net Revenue by Region, 2015-17 ($Billion)
Figure 7.41 Fujitsu Limited: Revenue by Business Segment, 2015-2017 ($Billion)
Figure 7.42 Fujitsu Limited: SWOT Analysis
Figure 7.43 Toshiba Corporation: Overall Financials, 2015-17 ($Billion)
Figure 7.44 Toshiba Corporation: Net Revenue by Region, 2015-17 ($Billion)
Figure 7.45 Toshiba Corporation: Revenue by Business Segment, 2016-2017 ($Billion)
Figure 7.46 Toshiba Corporation: SWOT Analysis
Figure 7.47 Midea Group Co., Ltd.: Overall Financials, 2014-16 ($Billion)
Figure 7.48 Midea Group Co., Ltd.: Net Revenue by Region, 2014-16 ($Billion)
Figure 7.49 Midea Group Co., Ltd.: Revenue by Business Segment, 2014-2016 ($Billion)
Figure 7.50 Midea Group Co., Ltd.: SWOT Analysis
Figure 7.51 Gree Electric Appliances Inc.: Overall Financials, 2014-16 ($Billion)
Figure 7.52 Gree Electric Appliances Inc.: Net Revenue by Region, 2014-16 ($Billion)
Figure 7.53 Gree Electric Appliances Inc.: Revenue by Business Segment, 2014-2016 ($Billion)
Figure 7.54 Gree Electric Appliances Inc.: SWOT Analysis
Figure 7.55 Haier: Overall Financials, 2014-16 ($Billion)
Figure 7.56 Haier: Net Revenue by Region, 2014-16 ($Billion)
Figure 7.57 Haier: Revenue by Business Segment, 2014-2016 ($Billion)
Figure 7.58 Haier: SWOT Analysis

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FEATURED COMPANIES

  • Carrier
  • Fujitsu Limited
  • Hitachi, Ltd.
  • LG Electronics
  • Panasonic Corporation
  • Toshiba Corporation
  • MORE

The need for Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC) systems surfaced when the Industrial Revolution began changing the outlook of industries across the globe. During the transition from orthodox industrial practices to the new manufacturing processes, it was realized that industries lacked the innovation to control temperatures during the seasons’ extreme climate change. This necessity paved the way for the widespread adoption of HVAC systems in application areas such as residential, commercial, and industrial, among others. Earlier, installing air conditioners were cited as an act of prosperity; however, HVAC systems have evolved as an integral part of various residential and commercial sectors such as food and hospitality and large institutional buildings, among others. Evolving from rapid growth, the global HVAC market witnessed stagnation, and has subsequently gained momentum again. The dynamic nature of the industry can be largely attributed to factors, such as increasing urbanization, unprecedented population growth, and frequently modifying governmental regulations for making the HVAC products more energy efficient. Furthermore, increasing urban population worldwide has led to an increase in the demand for HVAC products and has acted as a major driver for the HVAC market.

One of the major driving factors for the HVAC industry over the years has been the rise of construction sector worldwide. Increased construction activity in residential, commercial, and industrial sector has increased the demand for HVAC products in the recent years. Government funded as well as private construction projects are on a rise due to rapid urbanization and increased private investments. Similarly, significant projects for housing societies, hospitals, and commercial sectors, among others, are under construction and in planning phase. Some of these projects such as the Ho Chi Minh City’s skyline (Vietnam), World Trade Centre (Doha), and Palm Towers (U.A.E.), among others, have considerable contributed significantly to the growth of the HVAC market. However, certain factors such as stringent governmental regulations, increasing demand for energy, and the threat of global warming, have impended the growth of the HVAC industry. In order to overpower these challenges, companies have started to gradually shift towards renewable sources of energy, such as solar energy and geothermal energy. Also, the introduction of environment friendly refrigerants such as R-134a, R-32, and R-410A, among others, and the development of green buildings and smart cities, provide innumerable opportunities for the growing HVAC market.

The global HVAC market is expected to grow at a CAGR of 4.5% and 2.6% in terms of volume and value during the forecast period. The primary driving factor for this increase in growth is the continued growth in the revenue from the construction sector including government as well private funded projects worldwide.

The global HVAC market can be categorized into windows and portables, mini-splits, packaged units, chillers, Air Handling Units (AHUs) and Fan Coil Units (FCUs), and Variable Refrigerant Flow (VRF) systems, based on product type. Mini split air conditioners generated the maximum sales revenue in 2017, acquiring 56.7% of the total HVAC market. This which can be attributed to its early existence and widespread adoption in the residential sector. The market for split air conditioners is expected to grow at a CAGR of 1.95% during the forecast period (2018-2024). However, the market for packaged air conditioners is expected to grow at the fastest rate having a CAGR of 4.8% during the forecast period owing to the increasing deployment of packaged air conditioners in commercial facilities.

Geographically, Asia dominated the global HVAC market in terms of value in 2017. The Asian HVAC market is expected to grow at a CAGR of 1.91% in terms of value during the forecast period. This dominance can be attributed to the rapid developments in the Chinese HVAC industry. The Asian HVAC market is followed by the North American HVAC market in terms of sales revenue which is expected to grow at a CAGR 3.28%. The growth of the North American market can be attributed to the increased construction activities, rapid urbanization and infrastructural reforms, and HVAC unit replacements, among others.

However, the HVAC market in Oceania is estimated to have the highest CAGR of 5.7% during the forecast period. The HVAC market in this region is witnessing an increase in multiple real estate projects including public and private investments in various residential, commercial, and industrial developments. Also, the economic growth and increasing disposable income of the region has acted as a significant driver for the HVAC market in this region. Other market drivers include hot, humid, and extreme weather conditions, availability of low-cost HVAC products and equipment, and increasing consumer demand for technically innovative HVAC product and equipment, among others.

The global HVAC market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to strengthen their position in this market. With product launches such as Haier’s Internet of Things (IoT) Central Air Conditioner, Trane’s IntelliPak, and Fujitsu Limited’s AIRSTAGE Series, among others, the industry is witnessing significant developments which are contributing to the growth of the HVAC market. Also, companies such as Daikin Industries, Ltd., Gree Electric Appliances Inc., Hitachi Ltd., Johnson Controls, and Trane, among others, have several patents related to the HVAC industry. Moreover, consortiums and associations such as American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) standards, Air Conditioning, Heating, and Refrigeration Institute (AHRI), and International District Energy Association (IDEA), among others, have become pivotal in shaping the future trajectory of the market. Some of the key players in the HVAC industry include Daikin Industries Ltd., Trane, Johnson Controls, Carrier, Samsung Electronics Co., Ltd., LG Electronics, Fujitsu Limited, and Zamil Industrial.

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  • Carrier
  • Daikin Industries, Ltd.
  • Fujitsu Limited
  • Gree Electric Appliances Inc.
  • Haier
  • Hitachi, Ltd.
  • Johnson Controls International plc
  • LG Electronics
  • Lennox International Inc.
  • Midea Group Co., Ltd.
  • Mitsubishi Electric Corporation
  • Panasonic Corporation
  • SWOT Analysis
  • Samsung Electronics Co., Ltd.
  • Toshiba Corporation
  • Trane
  • Zamil Industrial
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The methodology is available for download below.
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