Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020

Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020

Frost & Sullivan estimated HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion. Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save money are in the spotlight. The COVID-19 pandemic has intensified the focus on buildings’ ventilation systems and their role in reducing the risk of airborne virus transmission in workplaces and commercial establishments. Software-enabled services are in wide use to monitor usage trends and system performance, and perform predictive and preventive maintenance in order to reduce downtime and unexpected breakdowns.

COVID-19-related construction activity suspension, supply chain disruption, manufacturing facility shutdowns wreaked havoc on the industry; this is expected to affect market growth in short and medium terms. The high upfront cost for large installations also is proving to be a challenge. New business models that address the high capital expenditure barrier and support system operation and maintenance will be beneficial to the market.

RESEARCH SCOPE

Frost & Sullivan examines market performance in 4 key regions (North America, Europe, Asia-Pacific, and Rest of World [consisting of the Middle East, Africa, Latin America, and the Commonwealth of Independent States]), and by product type: heating equipment (heat pumps, boilers, furnaces, unitary heaters); ventilation equipment (ventilation fans, air handling units and fan coil units, humidifiers/dehumidifiers, air cleaners); and cooling equipment (ducted split/packaged unit, split units, room ACs, chillers, variable refrigerant flow) for residential, industrial (warehouses, factories, manufacturing plants) and commercial (offices, malls, schools, universities/colleges, healthcare facilities, hospitality businesses, data centers, and transportation and government building) use.

KEY ISSUES ADDRESSED

What will affect market growth through 2026?
What factors influence market dynamics, including drivers and challenges?
How do various end-user industries and applications boost HVAC equipment revenue?
Who are the key market participants and what are their competitive strengths?
How do technological advancements enable market growth?


  • Executive Dashboard
    • Key Findings
  • Strategic Imperatives
    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top Three Strategic Imperatives 8 on the HVAC Equipment Market
    • Growth Opportunities Fuel the Growth Pipeline Engine
  • Growth Opportunity Analysis, HVAC Equipment Market
    • HVAC Equipment Market, Scope of Analysis
    • HVAC Equipment Market, Segmentation
    • Key Competitors in the HVAC Equipment Market
    • Key Growth Metrics in the HVAC Equipment Market
    • HVAC Equipment Market Distribution Channels
    • HVAC Equipment Market Distribution Channel Analysis
    • Growth Drivers in the HVAC Equipment Market
    • Growth Restraints in the HVAC Equipment Market
    • Revenue Forecast
      • Table HVAC Equipment Market: Revenue Forecast, Global, 2016-2026
    • Revenue Forecast Analysis
    • Revenue Forecast by Region
      • Table HVAC Equipment Market: Revenue Forecast by Region, Global, 2016-2026
    • Revenue Forecast Analysis by Region
    • Revenue Forecast by Vertical Market
      • Table HVAC Equipment Market: Revenue Forecast by Vertical Market, Global, 2016-2026
    • Revenue Forecast by Product Type
      • Table HVAC Equipment Market: Revenue Forecast by Product Type, Global, 2016-2026
    • Revenue Forecast Analysis by Product Type
    • Pricing Trends and Forecast Analysis
    • Competitive Environment
    • Market Share Analysis
  • Growth Opportunity Analysis, HVAC Equipment Market, North America
    • Key Growth Metrics
    • Key Findings
    • Revenue Forecast
      • Table HVAC Equipment Market: Revenue Forecast, North America, 2016-2026
    • Revenue Forecast Analysis
    • Revenue Forecast by Product Type
      • Table HVAC Equipment Market: Revenue Forecast by Product Type, North America, 2016-2026
    • Revenue Forecast Analysis by Product Type
    • Revenue Forecast by Vertical Market
      • Table HVAC Equipment Market: Revenue Forecast by Vertical Market, North America, 2016-2026
    • Revenue Forecast Analysis by Vertical Market
  • Growth Opportunity Analysis, HVAC Equipment Market, Europe
    • Key Growth Metrics
    • Key Findings
    • Revenue Forecast
      • Table HVAC Equipment Market: Revenue Forecast, Europe, 2016-2026
    • Revenue Forecast Analysis
    • Revenue Forecast by Product Type
      • Table HVAC Equipment Market: Revenue Forecast by Product Type, Europe, 2016-2026
    • Revenue Forecast Analysis by Product Type
    • Revenue Forecast by Vertical Market
      • Table HVAC Equipment Market: Revenue Forecast by Vertical Market, Europe, 2016-2026
    • Revenue Forecast Analysis by Vertical Market
  • Growth Opportunity Analysis, HVAC Equipment Market, Asia-Pacific
    • Key Growth Metrics
    • Key Findings
    • Revenue Forecast
      • Table HVAC Equipment Market: Revenue Forecast, Asia-Pacific, 2016-2026
    • Revenue Forecast Analysis
    • Revenue Forecast by Product Type
      • Table HVAC Equipment Market: Revenue Forecast by Product Type, Asia-Pacific, 2016-2026
    • Revenue Forecast Analysis by Product Type
    • Revenue Forecast by Vertical Market
      • Table HVAC Equipment Market: Revenue Forecast by Vertical Market, Asia Pacific, 2016-2026
    • Revenue Forecast Analysis by Vertical Market
  • Growth Opportunity Analysis, HVAC Equipment Market, Rest of the World
    • Key Growth Metrics
    • Key Findings
    • Revenue Forecast
      • Table HVAC Equipment Market: Revenue Forecast, Rest of the World, 2016-2026
    • Revenue Forecast Analysis
    • Revenue Forecast by Product Type
      • Table HVAC Equipment Market: Revenue Forecast by Product Type, Rest of the World, 2016-2026
    • Revenue Forecast Analysis by Product Type
    • Revenue Forecast by Vertical Market
      • Table Equipment Market: Revenue Forecast by Vertical Market, Rest of the World, 2016-2026
    • Revenue Forecast Analysis by Vertical Market
  • Growth Opportunities
    • Growth Opportunity 1: Sustainability in the HVAC Equipment Market
    • Growth Opportunity 2: Optimizing HVAC Equipment for Demand Response Programs
    • Growth Opportunity 3: HVACaaS
  • Next Steps
    • Your Next Steps
    • Why Frost, Why Now?

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