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 Equipment Market: Overview

Equipment that are used for heating, ventilation, and air conditioning (HVAC) have been in high demand since long in a number of developed countries but in the recent past, rapid urbanization in a number of emerging economies has further multiplied the demand. These equipment go a long way in providing a workable infrastructure to small and medium enterprises pertaining to commercial building as well as for residential and commercial buildings. These equipment also help in removing interior airborne contaminants such as odors from interior furniture and other cleaning chemicals besides providing fresh surrounding. According to this report, the demand in the global HVAC equipment market will expand at a notable CAGR of 6.20% during the forecast period of 2014 to 2022.

If the evaluations provided by the analysts of this report are to be believed, the opportunities in the HVAC equipment market, worldwide, will translate into a revenue of US$155.1 bn by 2022. Besides providing exclusive and essential data on how the demand for HVAC equipment has evolved in the recent past and what progressions can be expected over the course of the forecast period, the report also provides in-depth analysis of market dynamics such as trends, drivers, barriers, and opportunities as well as explores the quantity of demand that can be expected from various important regions and countries. To complete a comprehensive study that acts a decision-making tool for its targeted audiences such as component manufacturers, maintenance and service providers, technology investors, software and service providers, and system integrators, the report has included a featured chapter on the existing competitive landscape of the global HVAC equipment market.

Global HVAC Equipment Market: Trends and Opportunities

Rapidly incrementing activities of building and construction in a number of emerging economies, allowance of government incentives via tax credit programs as well as regulations to implement procedures that are in accordance to energy saving, and growing investments for smart homes are some of the key factors augmenting the demand in the global HVAC equipment market. In addition to that, growing trends such as rise in incorporation of building automation systems, rise in adoption of smartphones for controlling HVAC devices, development of low global warming refrigeration devices, and inclination on renewable energy sources for residential heating are expected to open new opportunities for the vendors of this market.

On the other hand, the stockholders connected to the value chain of the global HVAC equipment market must overcome challenges such as high cost of skilled labor, processes of integration and installation, and the lack of awareness regarding the benefits of HVAC systems to extract maximum profit out of the market.

Global HVAC Equipment Market: Segmentations

Based on equipment type, the market has been segmented into heating including heat pumps, furnaces, unitary heaters, and boilers, air conditioning including room air conditioners, coolers, unitary air conditioners, and others, and ventilation including air pumps or ventilation fans, and humidifier or dehumidifiers. End-use bifurcation of the market has been done into commercial, industrial, and residential. Geographically, the report analyzes the demand that can be expected out of the regions and countries of North America including the U.S., Europe including CIS, EU7, and rest of Europe, Asia Pacific including Japan, China, Indian subcontinent, and Australasia, the Middle East and Africa including GCC countries, and Latin America including Brazil.

Global HVAC Equipment Market: Competitive Landscape

Carrier Corporation, AB Electrolux, Haier Ltd., Lennox International Inc., Panasonic Corporation, LG Corporation, Samsung Electronics, and Daikin Industries Ltd. are some of the notable companies currently operating in the global HVAC equipment market.