Market Research Logo

Analysis of the Global HVAC Equipment Market

Analysis of the Global HVAC Equipment Market

As the world economy slowly rebuilds, the heating, ventilation, and air-conditioning (HVAC) equipment industry will continue to grow among both residential and business establishments.

The total HVAC equipment market was $􂀀 billion in 2014 and will continue to grow through the forecast period generating revenue of $􂀀 billion by 2020.

The initial downtrend witnessed as an aftermath of the recession in North America between 2008 and 2010 gradually gave way to a buoyant upward trend as a result of steady economic recovery and revival of the construction market.

Increased concern over performance, energy optimization, and end-user awareness has provided the necessary boost to demand for high efficiency HVAC equipment in an otherwise cost-conscious and mature market.

Overall, the market exhibits a moderate degree of technical change, and its highly competitive structure will continue to exert significant pressure on price, with customers gravitating towards low priced options more often than desired.

The majority of demand is expected to come from the commercial sector. Additionally, the Asia-Pacific (APAC) regions is expected to drive growth in the industry for at least 􂀀 years to come.

The unitary market segment is the largest market; however, it is expected to lose share to the ductless systems segment over the forecast period. The ductless systems segment in a growing market in APAC and Europe, but is picking up in North America.

Tier I companies are rationalizing their portfolios by acquiring profitable segments of other companies. Hence, strategic acquisitions and growing interest of the buyers will be reflected over the forecast period.

About this report

As the global economy slowly rebuilds, the heating, ventilation, and air-conditioning (HVAC) equipment market will continue to grow among both residential and business establishments. This research service presents analysis of the global HVAC equipment market by dividing it into 5 segments: unitary equipment, applied equipment, chiller equipment, heat pumps, and ductless systems. Globally, unitary equipment is the largest segment, and Asia-Pacific regions depict the largest regional growth. Included in this research are discussions of market drivers and restraints, the competitive landscape, regional dynamics, and market trends. The base year used for analysis is 2014 and the forecast period is from 2015 to 2020.


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • CEO's Perspective
  • Market Overview
    • Market Segmentation
    • Market Definitions
    • Key Questions This Study Will Answer
    • Market Segmentation
    • Market Distribution Channels
  • Drivers and Restraints-Total HVAC Equipment Market
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • Forecasts and Trends-Total HVAC Equipment Market
    • Market Engineering Measurements
      • Table Total HVAC Equipment Market: Market Engineering Measurements, Global, 2014
    • Forecast Assumptions
    • Revenue Forecast
      • Table Total HVAC Equipment Market: Revenue Forecast, Global, 2011-2020
    • Revenue Forecast Discussion
    • Market Trends-Pricing Analysis
    • Percent Revenue Forecast by Region
      • Table Total HVAC Equipment Market: Percent Revenue Forecast by Region, Global 2011-2020
    • Revenue Forecast by Region
      • Table Total HVAC Equipment Market: Revenue Forecast by Region, Global, 2011-2020
    • Revenue Forecast Discussion by Region
    • Revenue Forecast by Vertical Market
      • Table Total HVAC Equipment Market: Revenue Forecast by Vertical Market, Global, 2011-2020
    • Revenue Forecast Discussion by Vertical Market
    • Percent Revenue Forecast by Distribution Channel
      • Table Total HVAC Equipment Market: Percent Revenue Forecast by Distribution Channel, Global, 2011-2020
    • Percent Revenue Forecast by Distribution Channel Discussion
    • Emerging Technological Trends Discussion
  • Market Share and Competitive Analysis-Total HVAC Equipment Market
    • Market Share
    • Market Share Evolution
      • Table Total HVAC Equipment Market: Absolute Market Share Trend, Global, 2011 and 2014
      • Table Total HVAC Equipment Market: Percent Market Share Trend, Global, 2011 and 2014
    • Market Share Analysis
      • Table Total HVAC Equipment Market: Company Market Share Analysis of Top 4 Participants, Global, 2014
    • Competitive Environment
    • Top Competitors
    • Competitive Factors and Assessment
  • Unitary Equipment Segment Analysis
    • Unitary Equipment Segment-Key Findings
    • Market Engineering Measurements
      • Table Unitary Equipment Segment: Market Engineering Measurements, Global, 2014
    • Revenue Forecast
      • Table Unitary Equipment Segment: Revenue Forecast, Global, 2011-2020
    • Revenue Forecast Discussion
    • Revenue Forecast by Vertical Market
      • Table Unitary Equipment Segment: Revenue Forecast by Vertical Market, Global, 2011-2020
    • Percent Revenue Forecast Discussion by Vertical Market
    • Percent Revenue by Product Type
    • Percent Revenue Forecast by Region
      • Table Unitary Equipment Segment: Percent Revenue Forecast by Region, Global 2011-2020
    • Revenue Forecast by Region
      • Table Unitary Equipment Segment: Revenue Forecast by Region, Global, 2011-2020
    • Revenue Forecast by Region Discussion
    • Market Share
    • Market Share Analysis
      • Table Unitary Equipment Segment: Company Market Share Analysis of Top 4 Participants, Global, 2014
    • Competitive Environment
  • Applied Equipment Segment Analysis
    • Applied Equipment Segment-Key Findings
    • Market Engineering Measurements
      • Table Applied Equipment Segment: Market Engineering Measurements, Global, 2014
    • Revenue Forecast
      • Table Applied Equipment Segment: Revenue Forecast, Global, 2011-2020
    • Revenue Forecast Discussion
    • Revenue Forecast by Vertical Market
      • Table Applied Equipment Segment: Revenue Forecast by Vertical Market, Global, 2011-2020
    • Percent Revenue Forecast Discussion by Vertical Market
    • Percent Revenue by Product Type
    • Percent Revenue Forecast by Region
      • Table Applied Equipment Segment: Percent Revenue Forecast by Region, Global 2011-2020
    • Revenue Forecast by Region
      • Table Applied Equipment Segment: Revenue Forecast by Region, Global, 2011-2020
    • Revenue Forecast by Region Discussion
    • Market Share
    • Market Share Analysis
      • Table Applied Equipment Segment: Company Market Share Analysis of Top 4 Participants, Global, 2014
    • Competitive Environment
  • Chiller Equipment Segment Analysis
    • Chiller Equipment Segment Key Findings
    • Market Engineering Measurements
      • Table Chiller Equipment Segment: Market Engineering Measurements, Global, 2014
    • Revenue Forecast
      • Table Chiller Equipment Segment: Revenue Forecast, Global, 2011-2020
    • Revenue Forecast Discussion
    • Revenue Forecast by Vertical Market
      • Table Chiller Equipment Segment: Revenue Forecast by Vertical Market, Global, 2011-2020
    • Revenue Forecast by Vertical Market Discussion
    • Percent Revenue by Product Type
    • Percent Revenue Forecast by Region
      • Table Chiller Equipment Segment: Percent Revenue Forecast by Region, Global 2011-2020
    • Revenue Forecast by Region
      • Table Chiller Equipment Segment: Revenue Forecast by Region, Global, 2011-2020
    • Revenue Forecast by Region Discussion
    • Market Share
    • Market Share Analysis
      • Table Chiller Equipment Segment: Company Market Share Analysis of Top 4 Participants, Global, 2014
    • Competitive Environment
  • Heat Pumps Segment Analysis
    • Heat Pumps Segment-Key Findings
    • Percent Revenue by Product Type
    • Market Engineering Measurements
      • Table Heat Pumps Segment: Market Engineering Measurements, Global, 2014
    • Revenue Forecast
      • Table Heat Pumps Segment: Revenue Forecast, Global, 2011-2020
    • Revenue Forecast Discussion
    • Revenue Forecast by Vertical Market
      • Table Heat Pumps Segment: Revenue Forecast by Vertical Market, Global, 2011-2020
    • Percent Revenue Forecast Discussion by Vertical Market
    • Percent Revenue Forecast by Region
      • Table Heat Pumps Segment: Percent Revenue Forecast by Region, Global 2011-2020
    • Revenue Forecast by Region
      • Table Heat Pumps Segment: Revenue Forecast by Region, Global, 2011-2020
    • Revenue Forecast by Region Discussion
    • Market Share
    • Market Share Analysis
      • Table Heat Pumps Segment: Company Market Share Analysis of Top 3 Participants, Global, 2014
    • Competitive Environment
  • Ductless Systems Segment Analysis
    • Ductless Segment-Key Findings
    • Revenue Forecast
      • Table Ductless Systems Segment: Growth Rate and Revenue Forecast, Global, 2011-2020
    • Revenue Forecast Discussion
    • Revenue Forecast by Vertical Market
      • Table Ductless Systems Segment: Revenue Forecast by Vertical Market, Global, 2011-2020
    • Percent Revenue Forecast Discussion by Vertical Market
    • Percent Revenue Forecast by Region
      • Table Ductless Systems Segment: Percent Revenue Forecast by Region, Global 2011-2020
    • Revenue Forecast by Region
      • Table Ductless Systems Segment: Revenue Forecast by Region, Global, 2011-2020
    • Revenue Forecast by Region Discussion
  • The Last Word
    • The Last Word-3 Big Predictions
  • Appendix
    • Market Engineering Methodology
    • Additional Sources of Information
    • Partial List of Companies Interviewed

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report