Global Residential HVAC Market 2015-2019
About Residential HVAC
After the recession of 2009, there has been an incredible increase in the construction of residential buildings, especially in APAC countries like India and China, which is driving the market for residential HVAC.
HVAC is a vital part of the consumer goods segment. In APAC and the Americas, the segment is seeing exponential growth in terms of total household spending on consumer goods.
Technavio’s analysts forecast the Global residential HVAC market to grow at a CAGR of 10.38% during the period 2015-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global residential market for 2015-2019. To calculate the market size, the report considers the revenue generated from sales of residential HVAC products across the globe. Geographically, the market is segmented into APAC, North America, Western Europe, Eastern Europe, and the rest of the world (ROW). By product, the market comprises unitary ACs, ventilation fans, humidifiers and dehumidifiers, movables, and air handling units (AHUs).
Technavio's report, Global Residential HVAC Market 2015-2019, 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.
Technavio Announces the Publication of its Research Report – Global Residential HVAC Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Residential HVAC Market: Daikin Industries, HCM and LG Electronics
Other Prominent Vendors in the market are: Haier Electronics, Mitsubishi Electric, Broad Air Conditioning Co. Ltd., Century Corporation, GD Midea, AB Electrolux, Haier, Lennox International, EAW Energieanlagenbau GmbH, and Johnson Controls.
Commenting on the report, an analyst from Technavio’s team said: “The growth rate of the global elderly population is 1.9%, significantly higher than the total population growth rate of 1.2%. Aging populations require added comfort and ease of use in both buildings and vehicles. Therefore, the need for advanced HVAC systems that can provide controlled indoor environments is increasing.”
According to the report, the global residential housing market has revived after the global recession, with the global housing price index steadily recovering. Construction of residential buildings has seen rapid development in countries such as China, India, Canada, and Brazil, as the economies of these countries are developing quickly.
Further, the report states that the residential HVAC market is highly fragmented with the presence of several vendors. Pricing pressures and lack of product differentiation result in low consumer loyalty.
Daikin Industries, HCM, LG Electronics, Haier Electronics, Mitsubishi Electric, Broad Air Conditioning Co. Ltd., Century Corporation, GD Midea, AB Electrolux, Haier, Lennox International, EAW Energieanlagenbau GmbH, Johnson Controls.