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Global HVAC Equipment Market 2017-2021

Global HVAC Equipment Market 2017-2021

About HVAC Equipment

HVAC (heating, ventilation, and air conditioning) systems offer ventilation and filtration of air to maintain the thermal balance in residential and non-residential buildings. HVAC systems offer ventilation and filtration of air to maintain the thermal balance in residential and non-residential buildings. The various components used in these systems are heat exchangers, pumps, and fans that control and regulate the temperature and humidity levels. The type of HVAC systems required is determined by the air quality of indoor and outdoor environment.

Technavio’s analysts forecast the global HVAC equipment market to grow at a CAGR of 4.9% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVAC equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated by the sale of HVAC equipment offered by market vendors.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global HVAC Equipment 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
  • DAIKIN INDUSTRIES
  • Ingersoll Rand
  • Johnson Controls
  • LG Electronics
Other prominent vendors
  • Bosch Thermotechnik
  • Electrolux
  • FUJITSU
  • GREE ELECTRIC APPLIANCES
  • Haier
  • Hitachi
  • Lennox International
  • Midea Group
  • Nortek
  • Samsung
Market driver
  • Growing construction sector
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global HVAC Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global HVAC equipment market: Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls, and LG Electronics.

Other Prominent Vendors in the market are: Bosch Thermotechnik, Electrolux, FUJITSU, GREE ELECTRIC APPLIANCES, Haier, Hitachi, Lennox International, Midea Group, Nortek, and Samsung.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rise in incorporation of building automation systems. BAS control and monitor HVAC systems that are incorporated in buildings. BAS are embedded with digital communication tools that allow to enhance energy efficiency in these systems. Due to the rise in construction of building and retrofit projects, the number of BAS installations has increased significantly.”

According to the report, one of the major drivers for this market is growing construction sector. The construction sector plays a major role in driving the demand for HVAC equipment. With increasing construction of commercial and residential buildings, the demand for HVAC systems will increase, thereby driving the HVAC equipment market. The construction industry is expanding at large across the globe. There are a lot of factors that lead to the expansion of the construction industry. APAC is a major market for construction activities and is expected to grow at the highest rate during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is high market competition. Competition has increased in the HVAC equipment market due to the presence of many regional and international players. Due to lower cost offerings of HVAC components by regional vendors, many international players are unable to retain their grip in the HVAC equipment market. In APAC, vendors even sell these components at a subsidized rate, which in turn affects the sales of high-quality premium products provided by international vendors. This also has a significant impact on the brand image, R&D investments, and the pricing strategy of global players.

Companies Mentioned

Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls, and LG Electronics. Other Prominent Vendors in the market are: Bosch Thermotechnik, Electrolux, FUJITSU, GREE ELECTRIC APPLIANCES, Haier, Hitachi, Lennox International, Midea Group, Nortek, and Samsung.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Benefits of HVAC systems
      • Table Global HVAC equipment market based on geography 2016-2021
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global HVAC equipment market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global HVAC equipment product segmentation 2016 and 2021 (%)
    • Global HVAC market by air conditioning equipment
      • Table Global HVAC market by air conditioning equipment 2016-2021 ($ billions)
    • Global HVAC market by heating equipment
      • Table Global HVAC market by heating equipment 2016-2021 ($ billions)
      • Table Growth rate of heating pump units sold in Europe 2011-2015 (%)
    • Global HVAC market by ventilation equipment
      • Table Global HVAC market by ventilation equipment 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global HVAC equipment end-user segmentation 2016 and 2021 (%)
    • Global HVAC equipment market by nonresidential segment
      • Table Global HVAC equipment market by non-residential segment 2016-2021 ($ billions)
    • Global HVAC equipment market by residential segment
      • Table Global HVAC equipment market by residential segment 2016-2021 ($ billions)
      • Table US privately owned housing units under construction 2010-2016 (thousands of units)
  • Geographical segmentation
    • Market overview
      • Table Global HVAC equipment market by geography 2016 and 2021 (%)
    • HVAC equipment market in APAC
      • Table HVAC equipment market in APAC 2016-2021 ($ billions)
      • Table Growth rate of floor space of buildings under construction 2010-2015 (%)
    • HVAC equipment market in EMEA
      • Table HVAC equipment market in EMEA 2016-2021 ($ billions)
    • HVAC equipment market in the Americas
      • Table HVAC equipment market in the Americas 2016-2021 ($ billions)
      • Table New single-family houses built for sale with and without AC 2010-2015 (% share)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Growth rate of skilled manpower in the US HVAC industry 2012-2022 (%)
      • Table Annual growth rate of China's GDP 2008-2015 (%)
  • Market trends
    • Rise in incorporation of building automation systems
    • Renewable energy sources for residential heating hinders the gas boiler demand
    • Rise in adoption of smartphones for controlling HVAC devices
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table List of other prominent vendors in HVAC equipment market
  • Key vendor analysis
    • Carrier
    • DAIKIN INDUSTRIES
      • Table Products and services by DAIKIN INDUSTRIES
    • Ingersoll Rand
      • Table Product offerings by brands
      • Table HVAC product offerings by Trane
    • Johnson Controls
      • Table Product offerings by Johnson Controls
      • Table HVAC equipment offered by Johnson Controls
    • LG Electronics
      • Table Product offerings by LG Electronics
      • Table HVAC systems by LG Electronics
  • Appendix
    • List of abbreviations
  • Explore Technavio

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