Report cover image

APAC HVAC Market - Focused Insights 2023-2028

Publisher Arizton Advisory and Intelligence
Published Jul 12, 2023
Length 108 Pages
SKU # ARZ18052533

Description

APAC HVAC Market - Focused Insights 2023-2028


REPORT OVERVIEW

The APAC HVAC market will be valued at around $102.17 BN in 2022. This report provides complete information regarding consumer purchasing behavior and the adoption of the HVAC in APAC. Over the years, HVAC systems have been increasingly adopted across several end-user applications. Increasing applications among sectors with a high expectancy of standards and manufacturing in the HVAC market must meet regulatory standards and provide robust solutions. The residential sector dominates the HVAC market. The demand is characterized by different climatic conditions, necessitating several types of HVAC equipment. Most vendors in the APAC HVAC market dedicate their maximum operations to catering to the commercial sector. Further, the choice of equipment varies depending on the structure and purpose of commercial buildings. Furthermore, major players focus on strategic agreements, acquisitions, and collaboration with emerging players to enter the APAC HVAC market to gain access to commercially launched products.

KEY HIGHLIGHTS:
  • The APAC region has constantly been the largest market for HVAC systems owing to its population, rising urbanization, climatic conditions, and demographic changes. Major economies in the APAC region, including China, Japan, and India, are witnessing increasing commercial construction activities due to an expanding number of companies in varioAPACsectors setting up their offices in distinct regions to capture the potential customer base.
  • Switching from disintegrating fluorinated system equipment to natural refrigerants in energy-efficient systems is encouraged by the regulatory authorities of HVAC manufacturers. This measure helps to propel the growth rate of HVAC systems in the APAC region.
  • The growing consumer awareness of energy efficiency, climate change challenges, and rising energy bills is a major growth driver for the energy-efficient HVAC market. The two economic giants of APAC are China and India, which experience significant demand for HVAC systems. Construction activities, rapid urbanization, and industrialization are propelling the sale growth for HVAC systems in the APAC region.
  • Environmental agencies and governments are initiating the formulation of policies for AC refrigerant and HVAC system manufacturers, suppliers, and service providers. This will facilitate the introduction of modern HVAC systems with low GWP. Key HVAC manufacturers are developing the R-717 refrigerant, which has the lowest GWP (Global Warming Potential). This effort aims to address the growing concerns of global warming and the depletion of the ozone layer.
  • Due to spiking urbanization, the APAC market construction industry projected significant growth in 2022. Demand for residential construction remains strong in developing economies, with multiple real estate projects underway in varioAPACindustrial, residential, and commercial development zones. The current trend is expected to gain further momentum, making the new construction sector a crucial growth factor for APAC HVAC players.
List of Vendors

Key Vendors
  • Daikin
  • Carrier
  • Johnson Controls
  • Mitsubishi Electric
  • Samsung
  • LG
Other Prominent Vendors
  • Panasonic
  • Rheem Manufacturing
  • Lennox International
  • Ingersoll Rand
  • Systemair
  • Ostberg
  • Honeywell
  • Danfoss
  • Alfa Laval
  • Zehnder
  • S & P
  • Hitachi
  • TCL Electronics
  • Camfil
  • Dunham Bush
  • Backer Springfield
  • Fujitsu
  • Midea
  • Grundfos
  • VTS
  • Nuaire
  • LU-VE
  • Wolf
  • Vaillant Group
REPORT HIGHLIGHTS

SEGMENTATION & FORECAST
  • Equipment (Revenue)
  • Heating
  • Heat Pumps
  • Boiler Units
  • Furnaces
  • Others
  • Air Conditioning
  • RACs
  • CACs
  • Chillers
  • Heat Exchangers
  • Others
  • Ventilation
  • Air Handling Units
  • Air Filters
  • Humidifiers & Dehumidifiers
  • Fan Coil Units
  • Others
  • End-User (Revenue)
  • Residential
  • Commercial
  • Office Space
  • Airport & Public Utilities
  • Hospitality
  • Hospitals
  • Industrial & Others
MARKET STRUCTURE
  • Market Dynamics
  • Competitive Landscape of APAC HVAC
  • Key Vendors
  • Other Prominent Vendors
APPENDIX
  • Research Methodology
  • Abbreviations
  • About Arizton

Table of Contents

108 Pages
CHAPTER – 1: APAC HVAC Market Overview
Executive Summary
Introduction
Key Findings
CHAPTER – 2: APAC HVAC Market Projected Revenue
APAC: Projected Revenue of HVAC (2022-2028; $Billions)
CHAPTER – 3: APAC HVAC Market Segmentation Data
APAC: Projected Revenue by Equipment (2022-2028); (Revenue $BN)
Heating
Product Snapshot
Heat Pumps
Boiler Units
Furnaces
Others
Air Conditioning
Product Snapshot
RACs
CACs
Chillers
Heat Exchangers
Others
Ventilation
Product Snapshot
Air Handling Units
Air Filters
Humidifiers & Dehumidifiers
Fan Coil Units
Others
APAC: Projected Revenue by End-User (2022-2028); (Revenue $BN)
Residential
Commercial
End-user Snapshot
Office Space
Airport & Public Utilities
Hospitality
Hospitals
Industrial & Others
CHAPTER – 4: APAC HVAC Market Prospects & Opportunities
APAC HVAC Market Trends
APAC HVAC Market Drivers
APAC HVAC Market Constraints
CHAPTER – 5: APAC HVAC Market Industry Overview
APAC HVAC Market - Competitive Landscape
APAC HVAC Market - Key Players
APAC HVAC Market – Other Prominent Vendors
CHAPTER – 6: Appendix
Research Methodology
Abbreviations
About Arizton

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us