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Global Heating, Ventilation and Air Conditioning (HVAC) Market: Size, Trends and Forecasts (2020-2025 Edition)

  • ID: 4871695
  • Report
  • December 2019
  • Region: Global
  • 166 Pages
  • Daedal Research
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The report titled “Global Heating, Ventilation and Air Conditioning (HVAC) Market Reports: Size, Trends and Forecasts (2020-2025)”, provides an in-depth analysis of the global heating, ventilation and air conditioning (HVAC) equipment market by value, by product type, by region, etc. The report also provides a detailed regional analysis of the HVAC equipment market, including the following regions: North America, Europe, Japan, China, Southeast Asia, India and ROW.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global heating, ventilation and air conditioning (HVAC) market has also been forecasted for the year 2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global heating, ventilation and air conditioning (HVAC) market is highly fragmented with many market players operating worldwide. Some heating, ventilation and air conditioning (HVAC) market players operate on a local level while other players operate on a regional and global level. The manufacturers of HVAC produce different types of HVAC equipment for different purpose and applications.

However, the competition in the global heating, ventilation and air conditioning (HVAC) market is dominated by few HVAC market players. Further, key players of the heating, ventilation and air conditioning (HVAC) market are United Technologies Corporation (Carrier), Ingersoll-Rand plc (Trane Inc.), Johnson Controls International plc (York International), Daikin Industries Ltd. (Goodman Global, Inc.) are also profiled with their financial information and respective business strategies.

Country Coverage

  • North America
  • Europe
  • Japan
  • China
  • Southeast Asia
  • India
  • ROW

Company Coverage

  • United Technologies Corporation (Carrier)
  • Ingersoll-Rand plc (Trane Inc.)
  • Johnson Controls International plc (York International)
  • Daikin Industries Ltd. (Goodman Global, Inc.)

Segment Coverage

  • Residential HVAC Equipment
  • Ducted
  • Ductless

Commercial HVAC Equipment

  • Ducted-Applied Systems
  • Ducted-Unitary
  • Ductless (VRF)
Note: Product cover images may vary from those shown
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1. Executive Summary

2. Introduction
2.1 HVAC: An Overview
2.1.1 Purpose of HVAC System
2.2 HVAC Segmentation: An Overview
2.2.1 HVAC Equipment Segmentation by Product Type
2.3 Residential & Commercial HVAC: An Overview
2.3.1 Difference Between Residential & Commercial HVAC Systems
2.4 Residential HVAC Segmentation: An Overview
2.4.1 Residential HVAC Segmentation by Equipment
2.4.2 Residential HVAC Equipment Segmentation by Sub Product Type
2.5 Commercial HVAC Segmentation: An Overview
2.5.1 Commercial HVAC Equipment Segmentation by Sub Product Type

3. Global Market Analysis
3.1 Global HVAC Equipment Market: An Analysis
3.1.1 Global HVAC Equipment Market by Value
3.1.2 Global HVAC Equipment Market by Region (China, North America, Japan, Europe, Southeast Asia, India, ROW)
3.1.3 Global HVAC Equipment Market by Product Type (Residential, Commercial)
3.2 Global HVAC Equipment Market: Product Type Analysis
3.2.1 Global Residential HVAC Equipment Market by Value
3.2.2 Global Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
3.2.3 Global Ductless Residential HVAC Equipment Market by Value
3.2.4 Global Ducted Residential HVAC Equipment Market by Value
3.2.5 Global Commercial HVAC Equipment Market by Value
3.2.6 Global Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
3.2.7 Global Ductless (VRF) Commercial HVAC Equipment Market by Value
3.2.8 Global Ducted-Applied Systems Commercial HVAC Equipment Market by Value
3.2.9 Global Ducted-Unitary Commercial HVAC Equipment Market by Value

4. Regional Market Analysis
4.1 North America HVAC Equipment Market: An Analysis
4.1.1 North America HVAC Equipment Market by Value
4.1.2 North America HVAC Equipment Market by Product Type (Residential, Commercial)
4.1.3 North America Residential HVAC Equipment Market by Value
4.1.4 North America Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.1.5 North America Ductless Residential HVAC Equipment Market by Value
4.1.6 North America Ducted Residential HVAC Equipment Market by Value
4.1.7 North America Commercial HVAC Equipment Market by Value
4.1.8 North America Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.1.9 North America Ductless (VRF) Commercial HVAC Equipment Market by Value
4.1.10 North America Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.1.11 North America Ducted-Unitary Commercial HVAC Equipment Market by Value
4.2 Europe HVAC Equipment Market: An Analysis
4.2.1 Europe HVAC Equipment Market by Value
4.2.2 Europe HVAC Equipment Market by Product Type (Commercial, Residential)
4.2.3 Europe Residential HVAC Equipment Market by Value
4.2.4 Europe Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.2.5 Europe Ductless Residential HVAC Equipment Market by Value
4.2.6 Europe Ducted Residential HVAC Equipment Market by Value
4.2.7 Europe Commercial HVAC Equipment Market by Value
4.2.8 Europe Commercial HVAC Equipment Market by Sub Product Type (Ducted-Applied Systems, Ducted-Unitary, Ductless (VRF))
4.2.9 Europe Ductless (VRF) Commercial HVAC Equipment Market by Value
4.2.10 Europe Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.2.11 Europe Ducted-Unitary Commercial HVAC Equipment Market by Value
4.3 Japan HVAC Equipment Market: An Analysis
4.3.1 Japan HVAC Equipment Market by Value
4.3.2 Japan HVAC Equipment Market by Product Type (Residential, Commercial)
4.3.3 Japan Residential HVAC Equipment Market by Value
4.3.4 Japan Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.3.5 Japan Ductless Residential HVAC Equipment Market by Value
4.3.6 Japan Ducted Residential HVAC Equipment Market by Value
4.3.7 Japan Commercial HVAC Equipment Market by Value
4.3.8 Japan Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.3.9 Japan Ductless (VRF) Commercial HVAC Equipment Market by Value
4.3.10 Japan Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.3.11 Japan Ducted-Unitary Commercial HVAC Equipment Market by Value
4.4 China HVAC Equipment Market: An Analysis
4.4.1 China HVAC Equipment Market by Value
4.4.2 China HVAC Equipment Market by Product Type (Residential, Commercial)
4.4.3 China Residential HVAC Equipment Market by Value
4.4.4 China Residential HVAC Equipment Market by Sub Product Type (Ducted, Ductless)
4.4.5 China Ductless Residential HVAC Equipment Market by Value
4.4.6 China Ducted Residential HVAC Equipment Market by Value
4.4.7 China Commercial HVAC Equipment Market by Value
4.4.8 China Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.4.9 China Ductless (VRF) Commercial HVAC Equipment Market by Value
4.4.10 China Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.4.11 China Ducted-Unitary Commercial HVAC Equipment Market by Value
4.5 Southeast Asia HVAC Equipment Market: An Analysis
4.5.1 Southeast Asia HVAC Equipment Market by Value
4.5.2 Southeast Asia HVAC Equipment Market by Product Type (Residential, Commercial)
4.5.3 Southeast Asia Residential HVAC Equipment Market by Value
4.5.4 Southeast Asia Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.5.5 Southeast Asia Ductless Residential HVAC Equipment Market by Value
4.5.6 Southeast Asia Ducted Residential HVAC Equipment Market by Value
4.5.7 Southeast Asia Commercial HVAC Equipment Market by Value
4.5.8 Southeast Asia Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.5.9 Southeast Asia Ductless (VRF) Commercial HVAC Equipment Market by Value
4.5.10 Southeast Asia Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.5.11 Southeast Asia Ducted-Unitary Commercial HVAC Equipment Market by Value
4.6 India HVAC Equipment Market: An Analysis
4.6.1 India HVAC Equipment Market by Value
4.6.2 India HVAC Equipment Market by Product Type (Residential, Commercial)
4.6.3 India Residential HVAC Equipment Market by Value
4.6.4 India Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.6.5 India Ductless Residential HVAC Equipment Market by Value
4.6.6 India Ducted Residential HVAC Equipment Market by Value
4.6.7 India Commercial HVAC Equipment Market by Value
4.6.8 India Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.6.9 India Ductless (VRF) Commercial HVAC Equipment Market by Value
4.6.10 India Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.6.11 India Ducted-Unitary Commercial HVAC Equipment Market by Value
4.7 ROW HVAC Equipment Market: An Analysis
4.7.1 ROW HVAC Equipment Market by Value
4.7.2 ROW HVAC Equipment Market by Product Type (Residential, Commercial)
4.7.3 ROW Residential HVAC Equipment Market by Value
4.7.4 ROW Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.7.5 ROW Ductless Residential HVAC Equipment Market by Value
4.7.6 ROW Ducted Residential HVAC Equipment Market by Value
4.7.7 ROW Commercial HVAC Equipment Market by Value
4.7.8 ROW Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.7.9 ROW Ductless (VRF) Commercial HVAC Equipment Market by Value
4.7.10 ROW Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.7.11 ROW Ducted-Unitary Commercial HVAC Equipment Market by Value

5. Market Dynamics
5.1 Growth Driver
5.1.1 Surging Urban Population
5.1.2 Rising Number of New Housing Units
5.1.3 Growing Replacement Demand of HVAC Systems
5.1.4 Escalating Demand for AC/Heat Pumps for New Residential Construction
5.1.5 Increasing Demand for Smart Thermostats
5.1.6 Surging Non-Residential Construction Spending
5.2 Challenges
5.2.1 Uncertainty in the Demand for HVAC systems due to Climate Change
5.2.2 High Cost Involved
5.3 Market Trends
5.3.1 Emerging Trend of Smart Home
5.3.2 Growing Data Center
5.3.3 Increasing Government Regulations
5.3.4 Growing Popularity of Variable Refrigerant Flow (VRF)

6. Competitive Landscape
6.1 Global HVAC Equipment Players by Market Share
6.2 Global HVAC Equipment Market Players by Residential HVAC Growth Rates
6.3 Global HVAC Equipment Market Players by Commercial HVAC Growth Rates
6.4 Global Residential and Commercial HVAC Market Players
6.5 Global Residential and Commercial HVAC Market Players by New Product Launch
6.6 Global Residential and Commercial HVAC Market Players by Distribution Breakdown
6.7 Global Residential HVAC Players by Market Share
6.8 North America Residential HVAC Players by Market Share
6.9 North America Commercial Ducted-Unitary HVAC Players by Market Share

7. Company Profiles
7.1 United Technologies Corporation (Carrier)
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategy
7.2 Ingersoll-Rand plc (Trane Inc.)
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategy
7.3 Johnson Controls International plc (York International)
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategy
7.4 Daikin Industries, Ltd. (Goodman Global, Inc.)
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategy

List of Figures
Figure 1: Purpose of HVAC System
Figure 2: HVAC Equipment Segmentation by Product Type
Figure 3: Residential HVAC Segmentation by Equipment
Figure 4: Residential HVAC Equipment Segmentation by Sub product Type
Figure 5: Commercial HVAC Equipment Segmentation by Sub Product type
Figure 6: Global HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 7: Global HVAC Equipment Market by Region; 2019 (Percentage, %)
Figure 8: Global HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 9: Global Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 10: Global Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 11: Global Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 12: Global Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 13: Global Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 14: Global Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 15: Global Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 16: Global Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 17: Global Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 18: North America HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 19: North America HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 20: North America Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 21: North America Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 22: North America Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 23: North America Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 24: North America Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 25: North America Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 26: North America Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 27: North America Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 28: North America Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 29: Europe HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 30: Europe HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 31: Europe Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 32: Europe Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 33: Europe Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 34: Europe Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 35: Europe Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 36: Europe Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 37: Europe Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 38: Europe Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 39: Europe Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 40: Japan HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 41: Japan HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 42: Japan Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 43: Japan Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 44: Japan Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 45: Japan Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 46: Japan Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 47: Japan Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 48: Japan Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 49: Japan Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 50: Japan Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 51: China HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 52: China HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 53: China Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 54: China Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 55: China Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 56: China Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 57: China Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 58: China Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 59: China Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 60: China Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 61: China Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 62: Southeast Asia HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 63: Southeast Asia HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 64: Southeast Asia Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 65: Southeast Asia Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 66: Southeast Asia Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 67: Southeast Asia Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 68: Southeast Asia Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 69: Southeast Asia Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 70: Southeast Asia Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 71: Southeast Asia Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 72: Southeast Asia Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 73: India HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 74: India HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 75: India Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 76: India Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 77: India Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 78: India Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 79: India Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 80: India Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 81: India Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 82: India Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 83: India Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 84: ROW HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 85: ROW HVAC Equipment Market by Product Type; 2019 (Percentage, %)
Figure 86: ROW Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 87: ROW Residential HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 88: ROW Ductless Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 89: ROW Ducted Residential HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 90: ROW Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 91: ROW Commercial HVAC Equipment Market by Sub Product Type; 2019 (Percentage, %)
Figure 92: ROW Ductless (VRF) Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 93: ROW Ducted-Applied Systems Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Billion)
Figure 94: ROW Ducted-Unitary Commercial HVAC Equipment Market by Value; 2014-2025P (US$ Million)
Figure 95: Global Urbanization Rates by Region; 2010-2040 (Percentage, %)
Figure 96: Global Number of New Housing Units; 2013-2019 (Thousand)
Figure 97: Global Replacement Rate of HVAC Systems; 2013-2019 (Percentage, %)
Figure 98: Global AC/Heat Pumps Units for New Residential Construction; 2014-2019 (Thousand Units)
Figure 99: Global Smart Thermostat Market by Volume; 2013-2018 (Million Units)
Figure 100: The US Monthly Non-Residential Construction Spending; 2013-2018 (US$ Billion)
Figure 101: Global Smart Home Market; 2017-2022 (US$ Billion)
Figure 102: Global Data Center Market; 2018-2023 (US$ Billion)
Figure 103: Global HVAC Equipment Players by Market Share; 2018 (Percentage, %)
Figure 104: Global HVAC Equipment Market Players by Residential HVAC Growth Rates; 1Q18-1Q19 (Percentage, %)
Figure 105: Global HVAC Equipment Market Players by Commercial HVAC Growth Rates; 1Q18-1Q19 (Percentage, %)
Figure 106: Global Residential HVAC Players by Market Share; 2018 (Percentage, %)
Figure 107: North America Residential HVAC Players by Market Share; 2018 (Percentage, %)
Figure 108: North America Commercial Ducted-Unitary HVAC Players by Market Share; 2018 (Percentage, %)
Figure 109: United Technologies Corporation (Carrier) Net Sales; 2014-2018 (US$ Billion)
Figure 110: United Technologies Corporation (Carrier) Net Sales by Segments; 2018 (Percentage, %)
Figure 111: United Technologies Corporation (Carrier) Net Sales by Region; 2018 (Percentage, %)
Figure 112: Ingersoll-Rand plc (Trane Inc.) Net Revenues; 2014-2018 (US$ Billion)
Figure 113: Ingersoll-Rand plc (Trane Inc.) Net Revenues by Segments; 2018 (Percentage, %)
Figure 114: Ingersoll-Rand plc (Trane Inc.) Net Revenues by Region; 2018 (Percentage, %)
Figure 115: Johnson Controls International plc (York International) Net Sales; 2014-2018 (US$ Billion)
Figure 116: Johnson Controls International plc (York International) Net Sales by Segments; 2018 (Percentage, %)
Figure 117: Johnson Controls International plc (York International) Net Sales by Region; 2018 (Percentage, %)
Figure 118: Daikin Industries, Ltd. (Goodman Global, Inc.) Net Sales; 2014-2018 (US$ Billion)
Figure 119: Daikin Industries, Ltd. (Goodman Global, Inc.) Net Sales by Segments; 2018 (Percentage, %)
Figure 120: Daikin Industries, Ltd. (Goodman Global, Inc.) Net Sales by Region; 2018 (Percentage, %)

List of Tables
Table 1: Difference Between Residential & Commercial HVAC Systems
Table 2: Global Residential and Commercial HVAC Market Players
Table 3: Global Residential and Commercial HVAC Market Players by New Product Launch
Table 4: Residential and Commercial HVAC Market Players by Distribution Breakdown

Note: Product cover images may vary from those shown
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HVAC stands for Heating, Ventilation and Air-conditioning. HVAC refers to the different systems used for moving air between indoor and outdoor areas, along with providing acceptable indoor air quality. These systems are also used to provide thermal comfort and maintain humidity at the optimum level.

HVAC equipment is placed in buildings to achieve heating, ventilation and cooling. HVAC equipment can be broadly categorized into two product types: Residential HVAC and Commercial HVAC. Residential HVAC equipment are used in houses, whereas commercial HVAC equipment are used in commercial buildings, such as office buildings, large retail stores, warehouses and other large buildings.

HVAC equipment installed in the residential and commercial sectors are responsible for the same functions of heating, cooling and ventilation. But, there are few differences exist in the installation of HVAC systems in both the sectors. These differences are explained on the basis of structure, location, heating or cooling capacity, exhaust ventilation and maintenance cost.

The residential HVAC market can be segmented on the basis of equipment (Split Systems, Furnaces and Indoor Components) and sub-product types (Ducted and Ductless). The commercial HVAC equipment market can be segmented on the basis of sub-product types (Ducted-Applied Systems, Ducted-Unitary and Ductless (VRF)).

The global heating, ventilation and air conditioning (HVAC) market Reports have increased at a significant CAGR during the years 2014-2019 and projections are made that the market would rise in the next five years i.e. 2020-2025 tremendously. The heating, ventilation and air conditioning (HVAC) market is expected to increase due to surging urban population, rising number of new housing units, growing replacement demand of HVAC systems, escalating demand for AC/heat pumps for new residential construction, etc. Yet the market faces some challenges such as uncertainty in the demand for HVAC systems due to climate change, high cost involved, etc.

Note: Product cover images may vary from those shown
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  • Daikin Industries, Ltd. (Goodman Global, Inc.)
  • Ingersoll-Rand plc (Trane Inc.)
  • Johnson Controls International plc (York International)
  • United Technologies Corporation (Carrier)
Note: Product cover images may vary from those shown
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The author's core strengths include a seasoned management team, a highly demonstrable track record of seamless process integration and consistent delivery position. The research team uses its extensive knowledge of the various industries to analyze the market trends from both a vendor and an end-user perspective.

The research strategy is focused on high-quality secondary data combined with elaborate use of primary data. The team of research analysts provides a 360-degree overview of available data.

The analysts begin by searching industry reports, surveys, trade publications, company reports and press releases. They also include information gained by extensive interviews with major players and industry participants.

The background information, related to industry statistics, is provided by the author's proprietary databases.

The information is then analyzed and synthesized into a report - with market forecast, industry trends, and competitive strategies. The team of research analysts use both qualitative tools and quantitative techniques to get an insight into the industry.

The author's core expertise lies in researching, compiling and analyzing vast amounts of publicly available information and premier databases, into widely read reports.

 

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