ABSTRACT
About HVAC
HVAC systems are used to ventilate and filter the air in residential and non-residential spaces to maintain thermal balance. Various components used in these systems are heat exchangers, pumps, and fans. These systems control and regulate the temperature and humidity levels. The type of HVAC system required is determined by the indoor and outdoor air quality. One of the key factors that is driving the demand for HVAC systems is the rapid growth of the construction sector and real estate markets worldwide. Most of the newly constructed, modern buildings have been employing energy-efficient HVAC systems. In addition, urbanization and industrialization have been on the rise in developing countries. This has resulted in an increase in the number of factories, manufacturing units, commercial buildings, and residential complexes that have been using HVAC systems.
Technavio’s analysts forecast the global HVAC market to grow at a CAGR of 5.24% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global HVAC market for 2017-2021. To calculate the market size, the report includes the market segmentation based on HVAC equipment and services, end-users (residential and non-residential), and geography.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global HVAC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Carrier Corporation
• DAIKIN INDUSTRIES
• Ingersoll Rand
• Johnson Controls
• LG Electronics
Other prominent vendors
• ELECTROLUX
• Bosch Thermotechnik
• FUJITSU
• Midea Group
• GREE ELECTRIC APPLIANCES
• Haier
• Hitachi
• Lennox International
• Nortek
• SAMSUNG
Market driver
• Rising preference for condensing boilers.
• For a full, detailed list, view our report
Market challenge
• High market competition.
• For a full, detailed list, view our report
Market trend
• Rise in incorporation of building automation systems.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by equipment and services
• Market overview
• Global HVAC market by HVAC equipment
• Global HVAC market by HVAC services
PART 07: Market segmentation by end-user
• Market overview
• Global HVAC market by non-residential end-user
• Global HVAC market by residential end-user
PART 08: Geographical segmentation
• Market overview
• HVAC market in APAC
• HVAC market in EMEA
• HVAC market in Americas
PART 09: Decision framework
PART 10: Drivers and challenges
• Market drivers
• Market challenges
PART 11: Market trends
• Rise in incorporation of building automation systems
• Increasing use of renewable energy sources for residential heating
• Growing adoption of smartphones for controlling HVAC devices
• Technological advancements in VRF
• Net zero buildings in India
PART 12: Vendor landscape
• Competitive scenario
• Geographical presence
• Other prominent vendors
PART 13: Key vendor analysis
• Carrier Corporation
• DAIKIN INDUSTRIES
• Ingersoll Rand
• Johnson Controls
• LG Electronics
PART 14: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Benefits of HVAC systems
Exhibit 02: Global HVAC equipment market by geography 2016-2021 ($ billions)
Exhibit 03: Market overview
Exhibit 04: Global HVAC market 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global HVAC market by equipment and services 2016 and 2021 (%)
Exhibit 07: Global HVAC market by HVAC equipment 2016-2021 ($ billions)
Exhibit 08: Global HVAC market by HVAC equipment: Product segmentation 2016-2021 ($ billions)
Exhibit 09: Global HVAC market by air conditioning equipment, 2016-2021 ($ billions)
Exhibit 10: Global HVAC market by heating equipment 2016-2021 ($ billions)
Exhibit 11: Growth rate of heating pump units sold in Europe 2011-2015 (%)
Exhibit 12: Global HVAC market by ventilation equipment 2016-2021 ($ billions)
Exhibit 13: Global HVAC market by HVAC services 2016-2021 ($ billions)
Exhibit 14: Global HVAC market by end-users 2016 and 2021 (%)
Exhibit 15: Global HVAC market by non-residential end-user 2016-2021 ($ billions)
Exhibit 16: Global HVAC market by residential end-user 2016-2021 ($ billions)
Exhibit 17: US privately owned housing units under construction (thousands of units)
Exhibit 18: Global HVAC market by geography 2016 and 2021 (%)
Exhibit 19: HVAC market in APAC 2016-2021 ($ billions)
Exhibit 20: Growth rate of floor space of buildings under construction 2010-2015 (%)
Exhibit 21: HVAC market in EMEA 2016-2021 ($ billions)
Exhibit 22: HVAC market in Americas 2016-2021 ($ billions)
Exhibit 23:16 edition of ASHRAE-Standard 15
Exhibit 24:16 edition of ASHRAE-Standard 34
Exhibit 25: New single family houses built for sale, presence of air conditioning 2010-2015 (%)
Exhibit 26: Housing starts in Canada 2013-2016 (thousand units)
Exhibit 27: Global VRF system market 2016-2021 ($ billions)
Exhibit 28: Growth rate of skilled manpower in US HVAC industry 2012-2022 (%)
Exhibit 29: Annual growth rate of China’s GDP 2008-2015 (%)
Exhibit 30: Building materials used for energy conservation
Exhibit 31: Geographical presence of the key vendors
Exhibit 32: List of other prominent vendors in HVAC market
Exhibit 33: Products and services by DAIKIN INDUSTRIES
Exhibit 34: Product offerings by brands
Exhibit 35: HVAC product offerings by Trane
Exhibit 36: Product offerings by Johnson Controls
Exhibit 37: HVAC equipment offered by Johnson Controls
Exhibit 38: Product offerings by LG Electronics
Exhibit 39: HVAC systems by LG Electronics
