Market Research Logo

Global Commercial HVAC Market 2016

About Commercial HVAC

HVAC systems enhance air quality in commercial establishments through ventilation and filtration, thereby ensuring thermal balance in the environment. These systems use heat exchangers, pumps, and fans to control and regulate humidity and temperature levels. Parameters such as heating and cooling, along with the air quality of the outdoor or indoor environment determine the type of HVAC system required.

Traditional HVAC systems that are used in commercial applications consume a large amount of electricity. However, in developing countries such as India, which is a highly price-sensitive market, customers prefer affordable energy-efficient solutions. This has led to increased popularity of energy-efficient and sustainable HVAC systems such as chillers, variable refrigerant flow (VRF) systems, and air handling units (AHUs). Radiant and geothermal cooling systems are the other advanced HVAC systems available in the market. These systems function on vapor-absorption chiller-machine technology.

Technavio’s analysts forecast the global commercial HVAC market to grow at a CAGR of 6.48% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial HVAC market for 2016-2020. The market size has been calculated based on demand for HVAC equipment and services offered by market vendors.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Commercial HVAC Market 2016-2020, 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
  • Daikin Industries
  • Ingersoll-Rand
  • Johnson Controls
  • LG
Other prominent vendors
  • AB Electrolux
  • Bosch Thermotechnik
  • Fujitsu
  • GD Midea
  • Gree Electric Appliances
  • Haier
  • Hitachi
  • Lennox International
  • Nortek
  • Paloma Industries
  • Samsung
  • Siemens
  • Vaillant Group
Market driver
  • Increased construction activities
  • For a full, detailed list, view our report
Market challenge
  • High market competition
  • For a full, detailed list, view our report
Market trend
  • Building automation systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial HVAC Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Commercial HVAC Market: Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, and LG.

Other Prominent Vendors in the market are: AB Electrolux, Bosch Thermotechnik, Fujitsu, GD Midea, Gree Electric Appliances, Haier, Hitachi, Lennox International, Nortek, Paloma Industries, Samsung, Siemens, and Vaillant Group.

Commenting on the report, an analyst from Technavio’s team said: “Advances in building automation systems (BAS) and highly efficient maintenance and support services for HVAC systems will have a positive impact on the market during the forecast period. Building automation systems (BAS) control and monitor HVAC and other facilities of a building. These systems are improved by embedding with computing and digital communication tools that allow them to enhance energy efficiency. The number of integrated BAS installations has increased due to rise in the number of construction projects and building retrofits”

According to the report, increase in construction activities worldwide, especially in developing countries such as India and China, will propel growth of the global commercial HVAC market. New constructions in the commercial sector have increased the demand for HVAC systems to improve building efficiencies, thus generating high market revenue.

Further, the report states that the commercial HVAC market is highly competitive due to the presence of many regional and international vendors. The low-cost HVAC systems offered by regional vendors negatively impact the market share of international players.

Companies Mentioned

Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, LG, AB Electrolux, Bosch Thermotechnik, Fujitsu, GD Midea, Gree Electric Appliances, Haier, Hitachi, Lennox International, Nortek, Paloma Industries, Samsung, Siemens, Vaillant Group.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global commercial HVAC market
      • Table Global commercial HVAC market by equipment
      • Table Basic components of HVAC systems
      • Table Technological advances in HVAC controls
      • Table Global commercial HVAC market 2015-2020 ($ billions)
      • Table Milestones and targets of EPBD 2002-2020
      • Table US states listed under three regions for implementing efficiency standards
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global commercial HVAC market by equipment and services
      • Table Global commercial HVAC market by equipment and services 2015
      • Table Global commercial HVAC market by equipment and services 2020
      • Table Global commercial HVAC market by equipment and services 2015-2020
      • Table Global commercial HVAC market by equipment 2015-2020 ($ billions)
      • Table Global commercial HVAC equipment market overview 2015-2020
    • Global commercial HVAC market by heating equipment
      • Table Global commercial HVAC market by heating equipment 2015-2020 ($ billions)
    • Global commercial HVAC market by air conditioning equipment
      • Table Global commercial HVAC market by air conditioning equipment 2015-2020 ($ billions)
    • Global commercial HVAC market by ventilation equipment
      • Table Global commercial HVAC market by ventilation equipment 2015-2020 ($ billions)
    • Global commercial HVAC market by services
      • Table Global commercial HVAC market by services 2015-2020 ($ billions)
      • Table Key HVAC software solutions
  • Geographical segmentation
    • Global commercial HVAC market by geography
      • Table Global commercial HVAC market by geography 2015
      • Table Global commercial HVAC market by geography 2020
    • Commercial HVAC market in APAC
      • Table Commercial HVAC market in APAC 2015-2020 ($ billions)
    • Commercial HVAC market in EMEA
      • Table Commercial HVAC market in EMEA 2015-2020 ($ billions)
      • Table GDP of leading countries in Europe 2012-2015
    • Commercial HVAC market in the Americas
      • Table Commercial HVAC market in Americas 2015-2020 ($ billions)
  • Market drivers
    • Increased construction activities
    • Growing replacement demand in developed countries
    • Need for energy-efficient HVAC systems
    • Development of infrastructure in emerging countries
    • Rapid growth in VRF application
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Environmental regulations and guidelines
    • High market competition
    • Capital-intensiveness
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Building automation systems
    • Use of integrated control applications
    • Financial initiatives like PACE
    • Advanced monitoring systems and intelligent technologies
    • Efficient maintenance services for HVAC systems
    • Growth of smart cities and buildings
    • Rise in adoption of smartphones for controlling HVAC devices
      • Table Smartphone penetration in major countries 2014-2015
    • Implementation of zero-energy systems
    • Increased use of DEVap systems
    • Shift to green technology
    • Emergence of smart thermostats
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent players
  • Key vendor analysis
    • Carrier
      • Table Carrier: Product segmentation
    • Daikin Industries
      • Table Daikin Industries: Business segmentation by revenue 2015
    • Ingersoll-Rand
      • Table Ingersoll-Rand: Business segmentation by revenue 2014
    • Johnson Controls
      • Table Johnson Controls: Business segmentation by revenue 2014
    • LG Electronics
      • Table LG Electronics: Business segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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