Market Research Reports

HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018

83pages
Published Date: 2013-08-23
 

Description


Global HVAC (Heating, Ventilation, and Air Conditioning) equipments market is driven by factors including stringent energy and environment regulations, growing urbanization and subsequent increase in construction spending, technological and product developments. The report includes analysis of the global HVAC equipments market for the period 2012 to 2018. It identifies various micro and macro economic factors affecting the market growth trends during the forecast period, and their impact on the overall market size. Acknowledging the robust development and growth of emerging economies in the Asia Pacific and Latin America, there has been a shift in global activities, which are now focused on these regions. 

In efforts to provide an in-depth analysis of the global HVAC equipment market, the report adopts a multi-dimensional approach towards market estimates and forecast. The market under consideration is divided into sub-segments based on various parameters, so as to enable stakeholders across the supply chain take advantage of the strategic analyses included in the report. Various sub segments which are identified and analyzed are:
  • Market Segmentation I (Based on product type)
    • Heating equipment
      • Heat pumps
      • Furnaces
      • Unitary heaters
      • Boilers
    • Cooling equipment
      • Room air conditioners
      • Unitary air conditioners
      • Coolers and others
    • Ventilation equipment
      • Ventilation fans/Air pumps
      • Humidifiers/Dehumidifiers
  • Market Segmentation II (Based on industry)
    • Residential
    • Industrial
    • Commercial
      • Hospitality
      • Construction
      • Others
  • Market Segmentation III (Based on components)
    • Fan Coil Unit (FCU)
    • Heating unit
    • Cooling unit
    • Ventilation/ductwork
    • Control systems
  • Market Segmentation IV (Based on geography)
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)
Apart from the above cross sectional analysis of the global HVAC market, the report includes competitive profiling of key industry participants, their market positioning, business strategies adopted by them, financial overview, and recent developments. The Porter’s five forces analysis further highlights competitive scenarios across different levels of the supply chain. In all, the report provides a strategic analysis of the global HVAC equipment market, with estimates for each of the segments mentioned above, in terms of revenue (USD billion), for all six years of the forecast period 2012 – 2018.

Table of Contents


Table of content

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary
2.1 Global HVAC equipment market, 2011 – 2018 (USD billion)
2.2 Global HVAC equipment market snapshot

Chapter 3 HVAC Equipments Market Analysis
3.1 Market overview
3.2 Market trends and future outlook
      3.2.1 Market trends
      3.2.2 Future outlook
3.3 Legal and regulatory issues
      3.3.1 Montreal Protocol
      3.3.2 Kyoto Protocol
      3.3.3 LEED certification
      3.3.4 SEER rating
3.4 Factor analysis
      3.4.1 Drivers
               3.4.1.1 Stringent government regulation
               3.4.1.2 Technological developments to meet consumer expectations
               3.4.1.3 Climate variations (shift from historical records)
               3.4.1.4 Commercial segment and Asia-Pacific region driving the growth
      3.4.2 Restraints
              3.4.2.1 Higher consumption of energy
      3.4.3 Opportunities
               3.4.3.1 Development of energy efficient systems
               3.4.3.2 Trend of smart homes
                3.4.3.3 Higher market penetration aided by green technologies
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

Chapter 4 HVAC Equipment Market, by Equipment Type
4.1 Global HVAC equipment market, by equipment type, 2012 and 2018 (%)
4.2 Heating equipments
      4.2.1 Global heating equipments market size and forecast, 2010 – 2018 (USD billion)
               4.2.1.1 Global heat pumps market size and forecast, 2010 – 2018 (USD billion)
               4.2.1.2 Global furnaces market size and forecast, 2010 – 2018 (USD billion)
               4.2.1.3 Global unitary heaters market size and forecast, 2010 – 2018 (USD billion)
               4.2.1.4 Global boilers market size and forecast, 2010 – 2018 (USD billion)
4.3 Cooling equipments
      4.3.1 Global cooling equipments market size and forecast, 2010 – 2018 (USD billion)
               4.3.1.1 Global room air conditioners market size and forecast, 2010 – 2018 (USD billion)
               4.3.1.2 Global unitary air conditioners market size and forecast, 2010 – 2018 (USD billion)
               4.3.1.3 Global other cooling equipments (coolers) market size and forecast, 2010 – 2018 (USD billion)
4.4 Ventilation equipments
      4.4.1 Global ventilation equipments market size and forecast, 2010 – 2018 (USD billion)
               4.4.1.1 Global ventilation fans market size and forecast, 2010 – 2018 (USD billion)
      4.4.2 Global humidifiers/dehumidifiers market size and forecast, 2010 – 2018 (USD billion)

Chapter 5 HVAC Equipments Market, by Applications
5.1 Global HVAC equipment market, by application 2012 and 2018 (%)
5.2 Global residential HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
5.3 Global industrial HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
5.4 Global commercial HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
      5.4.1 Global HVAC equipments in tourism sector, market size and forecast, 2010 – 2018 (USD billion)
      5.4.2 Global HVAC equipments in construction industry, market size and forecast, 2010 – 2018 (USD billion)
      5.4.3 Global HVAC equipments in other industries, market size and forecast, 2010 – 2018 (USD billion)

Chapter 6 Global HVAC Equipment Market, by Components
6.1 Global HVAC equipment market, by components 2012 and 2018 (%)
      6.1.1 Global fan coil unit (FCU) market size and forecast, 2010 – 2018 (USD billion)
      6.1.2 Global heating unit market size and forecast, 2010 – 2018 (USD billion)
      6.1.3 Global cooling unit market size and forecast, 2010 – 2018 (USD billion)
      6.1.4 Global ventilation ductwork market size and forecast, 2010 – 2018 (USD billion)
      6.1.5 Global control systems market size and forecast, 2010 – 2018 (USD billion)

Chapter 7 Global HVAC Equipment Market, by Geography
7.1 Global HVAC equipment market, by geography 2012 and 2018 (%)
      7.1.1 North America HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
      7.1.2 Europe HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
      7.1.3 Asia Pacific HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
      7.1.4 Rest of the World (RoW) HVAC equipments market size and forecast, 2010 – 2018 (USD billion)

Chapter 8 Competitive Landscape
8.1 Summary
8.2 Market share by key players

Chapter 9 Company Profiles
9.1 United Technologies Corporation – Climate, Controls and Security Unit (Carrier)
      9.1.1 Company overview
      9.1.2 Financial overview
      9.1.3 Business strategies
      9.1.4 Recent developments
9.2 Daikin Industries Ltd.
      9.2.1 Company overview
      9.2.2 Financial overview
      9.2.3 Business strategies
      9.2.4 Recent developments
9.3 Haier Inc.
      9.3.1 Company overview
      9.3.2 Financial overview
      9.3.3 Business strategies
      9.3.4 Recent developments
9.4 Samsung Electronics
      9.4.1 Company overview
      9.4.2 Financial overview
      9.4.3 Business strategies
      9.4.4 Recent developments
9.5 Panasonic Corporation
      9.5.1 Company overview
      9.5.2 Financial overview
      9.5.3 Business strategies
      9.5.4 Recent developments
9.6 Lennox International Inc.
      9.6.1 Company overview
      9.6.2 Financial overview
      9.6.3 Business strategies
      9.6.4 Recent developments
9.7 AB Electrolux
      9.7.1 Company overview
      9.7.2 Financial overview
      9.7.3 Business strategies
      9.7.4 Recent developments
9.8 LG Corporation
      9.8.1 Company overview
      9.8.2 Financial overview
      9.8.3 Business strategies
      9.8.4 Recent developments 

List of Figures 

FIG. 1 Global HVAC equipment market, 2011 – 2018 (USD billion)
FIG. 2 Montreal Protocol and EPA schedule: HCFC refrigerant phase-out timeline
FIG. 3 Porter’s five forces analysis
FIG. 4 Global HVAC equipment market, by equipment type 2012 and 2018 (%)
FIG. 5 Global heating equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 6 Global heat pumps market size and forecast, 2010 – 2018 (USD billion)
FIG. 7 Global furnaces market size and forecast, 2010 – 2018 (USD billion)
FIG. 8 Global unitary heaters market size and forecast, 2010 – 2018 (USD billion)
FIG. 9 Global boilers market size and forecast, 2010 – 2018 (USD billion)
FIG. 10 Global cooling equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 11 Global room air conditioners market size and forecast, 2010 – 2018 (USD billion)
FIG. 12 Global unitary air conditioners market size and forecast, 2010 – 2018 (USD billion)
FIG. 13 Global other cooling equipments (coolers) market size and forecast, 2010 – 2018 (USD billion)
FIG. 14 Global ventilation equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 15 Global ventilation fans market size and forecast, 2010 – 2018 (USD billion)
FIG. 16 Global humidifiers/dehumidifiers market size and forecast, 2010 – 2018 (USD billion)
FIG. 17 Global HVAC equipments market, by application 2012 and 2018 (%)
FIG. 18 Global residential HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 19 Global industrial HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 20 Global commercial HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 21 Global HVAC equipments in tourism sector, market size and forecast, 2010 – 2018 (USD billion)
FIG. 22 Global HVAC equipments in construction industry, market size and forecast, 2010 – 2018 (USD billion)
FIG. 23 Global HVAC equipments in other industries, market size and forecast, 2010 – 2018 (USD billion)
FIG. 24 Global HVAC equipment market, by components, 2012 and 2018 (%)
FIG. 25 Global fan coil unit (FCU) market size and forecast, 2010 – 2018 (USD billion)
FIG. 26 Global heating unit market size and forecast, 2010 – 2018 (USD billion)
FIG. 27 Global cooling unit market size and forecast, 2010 – 2018 (USD billion)
FIG. 28 Global ventilation ductwork market size and forecast, 2010 – 2018 (USD billion)
FIG. 29 Global control systems market size and forecast, 2010 – 2018 (USD billion)
FIG. 30 Global HVAC equipment market, by geography 2012 and 2018 (%)
FIG. 31 North America HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 32 Europe HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 33 Asia Pacific HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 34 RoW HVAC equipments market size and forecast, 2010 – 2018 (USD billion)
FIG. 35 Market shares of key players, 2012 (%)
FIG. 36 United Technologies Corporation – sales revenue 2011 and 2012 (USD million)
FIG. 37 Daikin Corporation net sales (HVAC) – 2011 and 2012 (USD billion)
FIG. 38 Haier Inc. net sales – 2011 and 2012 (USD billion)
FIG. 39 Samsung Electronics net revenue 2011 and 2012 (USD million)
FIG. 40 Philips Corporation net revenue 2011 and 2012 (USD million)
FIG. 41 Lennox International Inc. annual revenue 2011 and 2012 (USD million)
FIG. 42 AB Electrolux net sales 2011 and 2012 (USD million)
FIG. 43 LG Group annual sales 2011 and 2012 (USD billion)

List of Tables

TABLE 1 Global HVAC equipment market snapshot, 2012 & 2018 
TABLE 2 New hotels opened and in pipeline, 2012 and 2013 
TABLE 3 Growth in industrial output, through first quarter of 2013 (%)

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Free Market Analysis


The global HVAC equipments market is forecast to record moderate growth rate for the period 2012 - 2018. The market is expected to be dominated by cooling systems, which are estimated to account for more than eight deciles of the overall industry growth. Of the different macroeconomic and microeconomic factors influencing the growth trends worldwide, rise in the number of new households, increase in disposable income, surge in demand for energy efficient and environment friendly products, and need of product upgrade or replacement demand are seen as key determinants. However, the latter is more prominent in North America and Europe while the other factors are driving the demand across Asia Pacific and Rest of the World (RoW) regions.

The different HVAC equipments are broadly segmented into three types: heating equipments, cooling equipments, and ventilation equipments. Heat pumps among the heating equipments and room air conditioners among the cooling equipments are the fastest growing product types, and are collectively expected to account for more than fifty percent of the global market. This is due to enhanced energy efficiency provided by room air conditioners and multiple uses of heat pumps (for both heating and cooling). Moreover, the energy efficiency issues related with other heating equipments, such as furnaces, unitary heaters and boilers, is restricting their growth. These systems, except for unitary heaters, are widely used in district heating systems.

Unitary air-conditioners are the second fastest growing product segment in the cooling equipments category. Despite the global rise of cooling equipments, coolers are witnessing a gradual declining trend, with demand coming from Third World countries and low income segments of emerging economies of the Asia Pacific region. 

The market by industry type is dominated by the non-residential sector, with commercial sector demand alone accounting for more than one third of the global market share. However, the residential sector is experiencing healthy growth, and marginally lags behind the commercial sector. Industrial sector is still recovering slowly, and is expected to lose market share to residential and commercial sectors. Tourism alone accounts for around fifty percent of the demand for commercial sector, followed by the construction segment. However, a large share of this commercial demand comes from cooling and ventilation equipments. 

Cross sectional analysis of the HVAC equipments by components signifies the importance of cooling units in a HVAC system. Issues related to environment and energy efficiency are key challenges faced by industry players with stakes in the segment. Cooling units are valued to account for the largest share of the market, and is the fastest growing component type. Different control systems used in HVAC equipments/systems too are seeing rising demand and increased preference, due to shift in preference for smart devices with advanced features. This trend is more evident in the developed markets of North America and Europe. As a result, the two regions are growing at a close rate, with Europe marginally lagging behind. However, Asia Pacific, on account of its large scale and fast adoption, is expected to remain the largest geographic market throughout the forecast period. 

Amidst intense competition, industry players are adopting rigorous strategies to ensure their competitive advantage over competitors. Mergers and acquisitions are seen as mitigating strategies for competition from small players. Recent acquisition of Goodman by Daikin is seen as an effort by Daikin to gain a strong foothold in North America. This move is expected to see Daikin taking over Carrier as the leading global brand. The other market participants are Haier, Electrolux, LG, Samsung, and many other regional and small players. 

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