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Global Single Packaged HVAC Systems Market 2017-2021

Global Single Packaged HVAC Systems Market 2017-2021

About Single Packaged HVAC Systems

HVAC systems ensure high air quality in residential and commercial establishments through ventilation and filtration, thereby ensuring thermal balance. HVAC systems make use of pumps, heat exchangers, and fans to control and regulate climatic parameters such as humidity and temperature levels. The desired heating and cooling required, along with the indoor and outdoor air quality are parameters that are considered while selecting the type of HVAC system. Traditional HVAC systems used in commercial, residential, and industrial applications are energy intensive and consume a large amount of electricity. However, consumers in developing nations, such as India, are price sensitive and prefer affordable, energy-efficient solutions.

Technavio’s analysts forecast the global single packaged HVAC systems market to grow at a CAGR of 6.84% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global single packaged hvac systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Single Packaged HVAC Systems 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
  • Daikin Industries
  • Johnson Controls
  • LG Electronics
  • Trane (Ingersoll-Rand)
Other prominent vendors
  • Bosch
  • Carrier
  • Electrolux
  • FUJITSU
  • GREE ELECTRIC APPLIANCES
  • Haier
  • Lennox
  • Magic Aire
  • Midea
  • Mitsubishi Electric
  • Panasonic
  • SAMSUNG
Market driver
  • Growing replacement demand in developed countries
  • For a full, detailed list, view our report
Market challenge
  • Lack of workforce in HVAC industry
  • For a full, detailed list, view our report
Market trend
  • Integration of IoT with HVAC
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Single Packaged HVAC Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global single packaged HVAC systems market: Daikin Industries, Johnson Controls, LG Electronics, and Trane (Ingersoll-Rand).

Other Prominent Vendors in the market are: Bosch, Carrier, Electrolux, FUJITSU, GREE ELECTRIC APPLIANCES, Haier, Lennox, Magic Aire, Midea, Mitsubishi Electric, Panasonic, and SAMSUNG.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of IoT with HVAC. Internet of Things or IoT connects components or systems to the Internet and allows them to send and receive data over the network. IoT enables devices to communicate without human-to-human or human-to-computer intervention. These systems enable real-time remote monitoring and actionable analytics.”

According to the report, one driver in the market is growing replacement demand in developed countries. The shift to reducing operating costs, increasing energy efficiency, and taking advantage of favorable government incentives have spurred the need for replacing existing HVAC equipment in the US, the UK, Germany, and Japan. In the US, the steady economic development also influences the replacement demand for HVAC. Various regulatory bodies have made environmental laws more stringent, such as the phasing out of HCFCs and replacing them with climate-friendly refrigerants. Moreover, authorities in various countries are offering incentives for the replacement of old HVAC systems.

Further, the report states that one challenge in the market is lack of workforce in HVAC industry. The rapidly growing HVAC industry backed by the robust growth of the construction sector and steady demand for replacement of old and inefficient HVAC equipment in developed countries is set to witness challenges, owing to the lack of workforce. Despite the projected growth of the HVAC industry, it is expected to witness a shortage of operators, primarily in developed nations. One key reason for this shortage is the fast-paced growth of the industry. For instance, in the US, the employment rate of heating, air conditioning, and refrigeration mechanics and installers is expected to grow at a higher rate than the average for all occupations.

Companies Mentioned

Daikin Industries, Johnson Controls, LG Electronics, and Trane (Ingersoll-Rand), Bosch, Carrier, Electrolux, FUJITSU, GREE ELECTRIC APPLIANCES, Haier, Lennox, Magic Aire, Midea, Mitsubishi Electric, Panasonic, and SAMSUNG.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Current market scenario and future projections of each product type
      • Table Current market scenario and future projections of each region
  • Market landscape
    • Market overview
      • Table Global single packaged HVAC systems market
    • Market size and forecast
      • Table Global single packaged HVAC systems market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Segmentation by product
      • Table Product – Market size & forecast
    • Comparison by product
      • Table Comparison by product
    • Air-cooled single packaged HVAC systems – Market size & forecast
      • Table Air-cooled single packaged HVAC systems– Market size & forecast 2016-2021 ($ billions)
      • Table Air-cooled single packaged HVAC systems – Year-over-year growth 2017-2021 (%)
    • Water-cooled single packaged HVAC systems– Market size & forecast
      • Table Water-cooled single packaged HVAC systems – Market size & forecast 2016-2021 ($ billions)
      • Table Water-cooled single packaged HVAC systems – Year-over-year growth 2017-2021 (%)
    • Market opportunity by product
  • Market segmentation by end-user
    • Segmentation by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market size & forecast
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size & forecast
      • Table APAC – Market size & forecast 2016-2021 ($ billions)
      • Table Commercial service exports in India and China ($ millions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • EMEA – Market size & forecast
      • Table EMEA – Market size & forecast 2016-2021 ($ billions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas – Market size & forecast
      • Table Americas – Market size & forecast 2016-2021 ($ billions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Percentage change in employment 2014-2024
      • Table Required SEER and HSPF
      • Table Mandated SEER and HSPF for HVACs manufactured and distributed during 2006-2015
      • Table Amended standards for residential HVACs manufactured on or after January 1, 2015
  • Market trends
    • Integration of IoT with HVAC
    • Building automation systems
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Vendor analysis
    • Vendor overview
    • Daikin Industries
      • Table Daikin Industries: Product portfolio
    • Johnson Controls
      • Table Johnson Controls: Product portfolio
    • LG Electronics
      • Table LG Electronics: Product portfolio
    • Trane (Ingersoll-Rand)
      • Table Trane (Ingersoll-Rand): Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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