Market Research Reports

HVAC (Heating, Ventilation and Air Conditioning) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

83pages
Published Date: 2013-08-23
 

Description


The HVAC (Heating, Ventilation and air-conditioning) market within the report describes various HVAC equipments and applications. In efforts to provide an in-depth analysis of the global HVAC equipment market, the report adopts a multi-dimensional approach towards market size 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. 

The report includes segmentation of HVAC equipments market by equipment type, applications and geography. Further, it provides current and forecast market size by revenue for the aforementioned categories. Cross sectional analysis for product type and geography segments are also a part of the scope. Factors influencing and inhibiting growth of the market have been analyzed. 

The market overview section of the report demonstrates the market dynamics such as drivers, restraints and opportunities that influence the current status and future status of the market. Impact factors such as Porter’s five forces analysis have also been explained in the market overview section of the report, in order to give a thorough analysis of overall competitive scenario in global HVAC market. Global HVAC (Heating, Ventilation, and Air Conditioning) equipments market is driven by factors such as stringent energy and environment regulations, growing urbanization worldwide and subsequent increase in construction spending, technological and product developments, and other macro-economic factors. 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 Africa region, there has been a shift in global activities, which are now focused on these regions from the traditional focus markets of North America and Europe.

The report includes segmentation of HVAC Equipment market by equipment type, application, component and geography. Equipment type segmentation includes heating equipment, cooling equipment and ventilation equipment. Various types of heating equipment are heat pumps, furnaces, unitary heaters and boilers.  Different types of cooling equipments available in the market are room air conditioners, unitary air conditioners, coolers and others. Ventilation equipment includes ventilation fans/air pumps and humidifiers or dehumidifiers. HVAC equipments find widespread applications in residential, commercial and industrial purposes. HVAC equipment is made up of components such as fan coil unit, heating coil unit, cooling coil unit and ventilation ductwork. The market revenue and forecast for each equipment type and application has been provided for the period 2010-2018 in terms of USD billion, along with the CAGR for the forecast period 2012 to 2018.

In terms of geographical distribution, the global HVAC equipment market has been classified into four regions namely, North America, Europe, Asia-Pacific and Rest of the World (RoW).  This section includes market revenue (2010-2018) and forecast (2012-2018) for product types and product designs in each regional market, in terms of USD billion. The study further offers recommendations and highlights of the market, which would be useful for the present and new market players to sustain and grow in the global HVAC equipment market.

The report concludes with the company profile sections which include key information about the major players in the market. Some of the key players profiled in this report include United technologies Corporation – Climate, Control and Security Unit, Diakin Industries Ltd., Haier Inc., Samsung Electronics, Panasonic Corporation, Lennox International Inc., AB Electrolux and LG Corporation. This study includes the strategies adopted by these key players to sustain competition. Recent developments by the companies and barriers of the market will help emerging players design their strategies in an effective manner. The study is expected to help key players of the HVAC equipment market in formulating and developing their strategies.

The global HVAC (Heating, Ventilation and Air-conditioning) equipment market is categorized into the following segments:

HVAC Equipment Market, by Equipment 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
HVAC Equipment Market, by Application
  • Residential
  • Commercial
  • Industrial
HVAC Equipment Market, by Component
  • Fan coil unit
  • Heating unit
  • Ventilation duct work
  • Control work
HVAC Equipment Market, by Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Table of Contents



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. 

global-hvac-equipments-market-size-by-type-2012
 

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