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Published Date: 2014-06-24Number of Pages: 104

Commercial Air Conditioning Systems (VRF) Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

U.S. commercial air conditioning systems market was valued at USD 7,251.7 million in 2012 and is expected to see growth at 5.2% CAGR during 2013 to 2019 period. With developments in technology and growing demand across the globe, the air conditioning systems market is predicted to experience healthy growth in the coming years. The growth of the U.S. commercial air conditioning systems market is supported by stringent government regulations and development of cost effective and energy efficient products.

There are several types of air-conditioning system installed in commercial buildings ranging from split systems, individual systems, water-cooled packaged systems, variable refrigerant flow (VRF) systems, and centralized chilled water systems, among others. In 2012, by product type, the U.S. commercial air conditioning systems market was dominated by split systems due to rising usage of non-ducted systems owing to their flexibility and ease of installation. Due to improved controllability and higher efficiency, VRF systems are gaining popularity in air conditioning systems market. VRF systems provide customizable temperature comfort control for private, public and industrial applications for indoor environments. Commercial air conditioning systems market is significantly affected by developments in the construction industry, with most of the income generated from HVAC (heating, ventilation and air-conditioning) installations in newly constructed buildings. 

Countries in Asia-Pacific namely China and Japan have highly saturated HVAC market in terms of VRF technology. U.S. VRF air conditioning market, despite its low acceptance in initial years, is expected to see steady growth. Predominant installation of ducted HVAC systems in the country had made the VRF systems transition slow, and only new constructions are preferring installation of VRF HVAC systems. However, recovery in construction and standardization of VRF technology by American bodies has eased the adoption of VRF technology by commercial sector. 

Driven the growth potential, HVAC manufacturers and distributors are now focusing on VRF air conditioning systems and their applications that are entering the U.S. market. Some of the key players in this industry include United Technologies Corporation – Climate, Controls and Security Unit (Carrier), Haier Inc., Samsung Electronics, Mitsubishi Electric Corporation, Daikin Industries Ltd., Fujitsu General Pty. Ltd. AB Electrolux, and LG Corporation among others. Of these, Mitsubishi Electric Corporation, Fujitsu and Carrier Corporation, are among leading players in VRF commercial air conditioning systems market in U.S.

commercial-air-conditioning-systems-market

Chapter 1 Preface
1.1 Report description and scope
      1.1.1 Market segmentation
1.2 Research methodology

Chapter 2 Executive Summary
2.1 U.S. commercial air conditioning systems market snapshot, 2012 & 2019
2.2 U.S. commercial air conditioning systems market size and forecast, 2011 – 2019 (USD million and Million units)

Chapter 3 U.S. Commercial Air Conditioning Systems Market Overview
3.1 Introduction
3.2 Market dynamics
      3.2.1 Drivers
      3.2.2 Drivers: Impact analysis
              3.2.2.1 Changing North American landscape for VRF air conditioning systems
              3.2.2.2 Energy efficiency and cost reduction
              3.2.2.3 Stringent government regulations
              3.2.2.4 Climate variations (shift from historical records)
      3.2.3 Restraints
      3.2.4 Restraints: Impact analysis
              3.2.4.1 Low awareness and installation complexity
     3.2.5 Opportunities
              3.2.5.1 Development of energy efficient systems with green refrigerants
              3.2.5.2 New opportunities for VRF systems
3.3 Trends and future outlook
3.4 Value chain analysis
3.5 Porter’s five forces analysis
      3.5.1 Bargaining power of suppliers
      3.5.2 Bargaining power of buyers
      3.5.3 Threat of new entrants
      3.5.4 Threat of substitutes
      3.5.5 Degree of competition
3.6 Competitive analysis
      3.6.1 Summary
      3.6.2 Market share of key players in VRF commercial air conditioning, 2012 (Revenue – USD million and Revenue share – %)

Chapter 4 U.S. Commercial Air Conditioning Systems Market Analysis, by Product
4.1 U.S. commercial air conditioning systems market overview, by product, 2012 & 2019 (%)
4.2 Split systems market size and forecast, 2011 – 2019 (USD million and Million units)
      4.2.1 Ducted split systems market size and forecast, 2011 – 2019 (USD million and   Million units)
      4.2.2 Non-ducted split systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.3 Single packaged systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.4 Window systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.5 Portable systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.6 Other systems market size and forecast, 2011 – 2019 (USD million and Million units)

Chapter 5 U.S. Commercial Air Conditioning Systems Market Analysis, by Refrigeration Technology
5.1 U.S. commercial air conditioning systems market overview, by refrigeration technology, 2012 and 2019 (%)
5.2 U.S. VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (USD million and Million units)
5.3 U.S. other commercial air conditioning systems market size and forecast, 2011 – 2019 (USD million and Million units)

Chapter 6 U.S. Commercial Air Conditioning Systems Market Analysis, by Application
6.1 U.S. commercial air conditioning systems market overview, by application, 2012 & 2019 (%)
6.2 U.S. private commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
6.3 U.S. public commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
6.4 U.S. industrial commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)

Chapter 7 U.S. VRF Commercial Air Conditioning Systems Market Analysis, by Application
7.1 U.S. VRF commercial air conditioning systems market overview, by application, 2012 & 2019 (%)
7.2 U.S. private VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
7.3 U.S. public VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
7.4 U.S. industrial VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)

Chapter 8 U.S. VRF Commercial Air Conditioning Systems Market Analysis, by Components
8.1 U.S. VRF commercial air conditioning systems market overview, by components, 2012 & 2019 (%)
8.2 U.S. VRF indoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
8.3 U.S. VRF outdoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)

Chapter 9 Competitive Landscape
9.1 Competitive strategies by key players
9.2 Market share of key air conditioning systems vendors, 2013 (Revenue – USD billion and Revenue share – %)

Chapter 10 Company Profiles
10.1 Diakin Industries Ltd.
       10.1.1 Company overview
       10.1.2 Financial overview
       10.1.3 Business strategy
       10.1.4 SWOT Analysis.
       10.1.5 Recent developments
10.2 Fujitsu General Limited.
       10.2.1 Company overview
       10.2.2 Financial overview
       10.2.3 Business strategy
       10.2.4 SWOT Analysis.
       10.2.5 Recent developments
10.3 Mitsubishi Electric Corporation
       10.3.1 Company overview
       10.3.2 Financial overview
       10.3.3 Business strategy
       10.3.4 SWOT Analysis
       10.3.5 Recent developments
10.4 Toshiba Corporation
       10.4.1 Company overview
       10.4.2 Financial overview
       10.4.3 Business strategy
       10.4.4 SWOT analysis
       10.4.5 Recent developments
10.5 United Technologies Corp. (Carrier Corporation)
       10.5.1 Company overview
       10.5.2 Financial overview
       10.5.3 Business strategy
       10.5.4 SWOT Analysis.
       10.5.5 Recent developments
10.6 Samsung Electronics Co., Ltd.
       10.6.1 Company overview
       10.6.2 Financial overview
       10.6.3 Business strategy
       10.6.4 SWOT analysis
       10.6.5 Recent Developments
10.7 Haier Electronics Group Co. Ltd.
       10.7.1 Company overview
       10.7.2 Financial overview
       10.7.3 Business strategy
       10.7.4 SWOT analysis
       10.7.5 Recent developments
10.8 Lennox International Inc.
       10.8.1 Company overview
       10.8.2 Financial overview
       10.8.3 Business strategy
       10.8.4 SWOT analysis
       10.8.5 Recent developments
10.9 LG Electronics
       10.9.1 Company overview
       10.9.2 Financial overview
       10.9.3 Business strategy
       10.9.4 SWOT analysis
       10.9.5 Recent developments
10.10 AB Electrolux
       10.10.1 Company overview
       10.10.2 Financial overview
       10.10.3 Business strategy
       10.10.4 SWOT analysis
       10.10.5 Recent developments
10.11 Panasonic Corporation
       10.11.1 Company overview
       10.11.2 Financial overview
       10.11.3 Business strategy
       10.11.4 SWOT analysis
       10.11.5 Recent developments
10.12 Ingersoll-Rand Plc.
       10.12.1 Company overview
       10.12.2 Financial overview
       10.12.3 Business strategy
       10.12.4 SWOT analysis
       10.12.5 Recent developments
10.13 Hitachi Ltd.
       10.13.1 Company overview
       10.13.2 Financial overview
       10.13.3 Business strategy
       10.13.4 SWOT analysis
       10.13.5 Recent developments

List of Figures

FIG. 1 U.S. commercial air conditioning market size and forecast, 2011 – 2019 (USD million and Million units)
FIG. 2 Value chain analysis
FIG. 3 Porter’s five forces analysis
FIG. 4 Market share of key players in VRF commercial air conditioning, 2012 (Revenue – USD million and Revenue share – %)
FIG. 5 U.S. commercial air conditioning systems market overview, by product, 2012 & 2019 (volume – %)
FIG. 6 U.S. commercial air conditioning systems market overview, by product, 2012 & 2019 (revenue – %)
FIG. 7 Split systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 8 Ducted split systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 9 Non-ducted split systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 10 Single packaged systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 11 Window systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 12 Portable systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 13 Other systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 14 U.S. commercial air conditioning systems market overview, by refrigeration technology, 2012 & 2019 (volume – %)
FIG. 15 U.S. commercial air conditioning systems market overview, by refrigeration technology, 2012 & 2019 (revenue – %)
FIG. 16 U.S. VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 17 U.S. others commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 18 U.S. commercial air conditioning systems market overview, by application, 2012 & 2019 (volume %)
FIG. 19 U.S. commercial air conditioning systems market overview, by application, 2012 & 2019 (revenue %)
FIG. 20 U.S. private commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 21 U.S. public commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 22 U.S. industrial commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 23 U.S. VRF commercial air conditioning systems market overview, by application, 2012 & 2019 (volume %)
FIG. 24 U.S. VRF commercial air conditioning systems market overview, by application, 2012 & 2019 (revenue %)
FIG. 25 U.S. private VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 26 U.S. public VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 27 U.S. industrial VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 28 U.S. VRF Commercial air conditioning systems market overview, by components, 2012 & 2019 (volume %)
FIG. 29 U.S. VRF commercial air conditioning systems market overview, by components, 2012 & 2019 (revenue %)
FIG. 30 U.S. VRF indoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 31 U.S. VRF outdoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 32 Market share of key air conditioning systems vendors, 2013 (Revenue – USD billion and Revenue share – %)
FIG. 33 Daikin Industries Ltd. annual revenues, 2010 – 2012, (USD million)
FIG. 34 Fujitsu General Limited annual revenues, 2010 – 2012, (USD million)
FIG. 35 Mitsubishi Electric Corporation annual revenues, 2010 – 2012, (USD million)
FIG. 36 Toshiba Corporation annual revenues, 2010 – 2012, (USD billion)
FIG. 37 United Technologies Corp. annual revenues, 2010 – 2012, (USD billion)
FIG. 38 Samsung Electronics Co., Ltd., annual revenues, 2010 – 2012, (USD billion)
FIG. 39 Haier Electronics Group Co. Ltd., annual revenues, 2010 – 2012, (USD million)
FIG. 40 Lennox International Inc., annual revenues, 2010 – 2012, (USD million)
FIG. 41 LG Electronics, annual revenues, 2010 – 2012, (USD billion)
FIG. 42 AB Electrolux, annual revenues, 2010 – 2012, (USD million)
FIG. 43 Panasonic Corporation, annual revenues, 2010 – 2012, (USD million)
FIG. 44 Ingersoll-Rand Plc. annual revenues 2010 – 2012 (USD million)
FIG. 45 Hitachi Ltd. annual revenues 2010 – 2012 (USD million)

List of Tables

TABLE 1 Commercial air conditioning market segmentation
TABLE 2 U.S. commercial air conditioning market snapshot, 2012 & 2019
TABLE 3 Impact analysis of drivers
TABLE 4 Impact analysis of restraints
TABLE 5 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (volume – Million units) 
TABLE 6 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (revenue – USD million) 
TABLE 7 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (volume – Million units) 
TABLE 8 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (revenue – USD million) 

The commercial air conditioning market worldwide has witnessed considerable growth over the past two years. After going through a phase of sluggish growth during recession and in early years post recession, the industry has entered a new phase of growth. One major reason which contributes to its growth is revival in construction activities and enhanced focus on energy efficiency technologies and products. In addition, shirt in focus on VRF (Variable Refrigerant Flow) technology and its quick adoption by both consumers and suppliers/manufacturers in the region is helping the air conditioning market to predict positive growth trends during the forecast period. The trend has been similar in United States too, which accounts for a large share of global air conditioning market. However, its late adoption of VRF systems has created a new market for existing players, which have been quick to adapt to the change in demand for energy efficient systems and development of VRF as an alternate solution.

This report provides strategic analysis of the U.S. air conditioning market, and forecasts its growth for the period 2013 – 2019. The scope of the report includes in detail cross sectional scrutiny and competitive analysis of the market across different public, private and industrial applications.

The market share analysis of the leading players of U.S. VRF air conditioning market mentioned in the report exemplifies the scrupulous understanding of their market shares. The report includes a detailed analysis of the prevalent market situation, company profiles and industry trends for VRF Commercial air conditioning. The report identifies factors driving and restraining growth, and future business opportunities in the VRF commercial air conditioning market. Further, the report analyzes and provides the growth forecasts of the U.S. VRF commercial air conditioning market in terms of revenue and volume by application, and components. The segmentation has been done to provide strategic insight for each category, enabling stakeholders across the value chain to gain considerable business intelligence. The application segment includes the forecast and comprehensive analysis of public, private and industrial application of U.S. VRF commercial air conditioning market. This market by component includes in-depth analysis and forecast of VRF indoor units and VRF outdoor units. The detailed value chain analysis and porter’s five forces analysis helps the market competitors to formulate their business strategies at every stage of their business. Moreover, the market estimates have been analyzed by keeping in mind the several factors which affect the market including but not limited to technological, economical, social, legal and environmental.

This report includes company profiles of the key market players along with their business strategies, financial overview and addresses recent developments. Some of the major companies that are included in this report are United Technologies Corporation – Climate, Controls and Security Unit (Carrier), Daikin Industries Ltd., Haier Inc., Samsung Electronics, Panasonic Corporation, Lennox International Inc., AB Electrolux, and LG Corporation among others.

U.S. Commercial Air Conditioning Market Segmentation:

U.S. Commercial Air Conditioning Systems Market, by Product
  • Split Systems
    • Ducted
    • Non-ducted
  • Single packaged systems
  • Window systems
  • Portable systems
  • Others
U.S. Commercial Air Conditioning Systems Market, By Applications
  • Private
  • Public
  • Industrial
U.S. Commercial Air Conditioning Systems Market, By Refrigeration Technology
  • VRF (variable refrigerant flow)
    • By application
      • Private
      • Public
      • Industrial
    • By Components
      • Indoor units
      • Outdoor units
  • Others


 
 
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