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HVAC Equipment Market In APAC 2015-2019

HVAC Equipment Market In APAC 2015-2019

About HVAC Equipment

Heating, ventilation, and air conditioning equipment, more commonly known as HVAC equipment, provides conditioned air inside a building, creating a comfortable and favorable environment. Conditioned air is clean and odor-free air with its temperature, humidity, and movement controlled within a certain comfort level.The basic components of an HVAC system consist of:

  • Fans to circulate the air
  • Supply air ductwork
  • Outside air device
  • Return air ductwork
  • Mixed air chamber
  • Filter section
  • Heat exchangers
  • Auxiliary heating devices
  • Compressors
  • Condensers
  • Pumps
  • Central heating source
  • Central cooling source
  • Controls
HVAC systems are widely used in industries such as construction and infrastructure, health care, and data centers.

Technavio’s analysts forecast the HVAC equipment market in APAC to grow at a CAGR of 6.15% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the HVAC equipment market in APAC during the period 2015–2019. For ascertaining the market size and vendor share the report considers the revenue obtained from the sales of HVAC equipment.

Technavio's report, the HVAC Equipment Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape in APAC and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
  • Carrier
  • Daikin Industries
  • Hitachi
  • LG Electronics
Other Prominent Vendors
  • AB Electrolux
  • GD Midea
  • Gree Electric Appliances
  • Haier
  • Ingersoll Rand
  • Johnson Control
  • Lennox International
  • Nortek
  • Paloma Industries
  • Samsung
  • Siemens
Market Driver
  • Increase in Income Levels in APAC
  • For a full, detailed list, view our report
Market Challenge
  • Capital-intensive Market
  • For a full, detailed list, view our report
Market Trend
  • Shift to Green Technology
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 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 – HVAC Equipment Market in APAC 2015-2019

Technavio recognizes the following companies as the key players in the HVAC Equipment Market in APAC: Carrier, Daikin Industries, Hitachi and LG Electronics

Other Prominent Vendors in the market are: AB Electrolux, GD Midea, Gree Electric Appliances, Haier, Ingersoll Rand, Johnson Control, Lennox International, Nortek, Paloma Industries, Samsung and Siemens

Commenting on the report, an analyst from Technavio’s team said: “The HVAC equipment market in APAC is shifting toward green technology and the use of smart solutions. With the advent of hybrid systems and non-polluting refrigerants such as HFC, HVAC vendors and end-users are shifting toward green technology. HVAC vendors are developing new heating and cooling equipment, which is compatible with the eco-friendly refrigerants such as R32. Therefore, companies are manufacturing HVAC systems that meet and exceed guidelines for ENERGY STAR ratings and Energy Guide labels to align themselves with green technology. Hence, many countries are taking the green initiative to promote clean energy.”

According to the report, the demand for HVAC equipment is directly related to affordability. Income levels are increasing rapidly in APAC enabling people to afford expensive HVAC equipment. Developing countries such as China, India, Indonesia, and South Korea are enjoying an era of enormous economic development, coupled with rapid industrialization and urbanization. The exhibit below gives a pictorial representation of the increasing trend in the annual per capita disposable income levels of both urban and rural households.

Further, the report states that many residential users in developing countries in the region are finding it difficult to adopt domestic HVAC equipment such as ACs, household furnaces, and other HVAC equipment.

Companies Mentioned

Carrier, Daikin Industries, Hitachi, LG Electronics, AB Electrolux, GD Midea, Gree Electric Appliances, Haier, Ingersoll Rand, Johnson Control, Lennox International, Nortek, Paloma Industries, Samsung, Siemens

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
      • Table HVAC Equipment Overview
  • Global HVAC Equipment Market Overview
    • Market Size and Forecast
      • Table Global HVAC Equipment Market 2014-2019 ($ billions)
  • HVAC Equipment Market in APAC
    • Market Size and Forecast
      • Table HVAC Equipment Market in APAC 2014-2019 ($ billions)
    • Five Forces Analysis
  • Market Segmentation by Application
    • Table HVAC Equipment Market in APAC: Segmentation by Application 2014
    • HVAC Equipment Market in APAC by Heating Segment
      • Market Size and Forecast
        • Table HVAC Equipment Market in APAC by Heating Segment 2014-2019 ($ billions)
    • HVAC Market in APAC by Ventilation Segment
      • Market Size and Forecast
        • Table HVAC Equipment Market in APAC by Ventilation Segment 2014-2019 ($ billions)
    • HVAC Equipment Market in APAC by AC Segment
      • Market Size and Forecast
        • Table HVAC Equipment Market by AC Segment 2014-2019 ($ billions)
  • Market Segmentation by End-users
    • HVAC Equipment Market in APAC by End-users
      • Table HVAC Equipment Market in APAC by End-user Segmentation (2014)
    • Residential HVAC Equipment Market in APAC
      • Market Size and Forecast
        • Table Residential HVAC Equipment Market in APAC 2014-2019 ($ billions)
    • Non-residential HVAC Equipment Market in APAC
      • Market Size and Forecast
        • Table Global Non-residential HVAC Equipment Market 2013-2018 ($ billions)
  • Key Leading Countries
    • China
      • Table HVAC Equipment Market in China 2014-2019 ($ billions)
  • Buying Criteria
  • Market Growth Drivers
    • Table Drivers
    • Table Annual per Capita Disposable Income of Rural and Urban Households in China ($)
  • Drivers and their Impact
  • Market Challenges
    • Table Challenges
  • Impact of Drivers and Challenges
  • Market Trends
    • Table Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Carrier
      • Key Facts
      • Business Overview
      • Business Segmentation 2014
        • Table HVAC Equipment Market in APAC: Business Segmentation 2014
      • Recent Developments
      • SWOT Analysis
    • Daikin Industries
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Daikin Industries: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Daikin Industries: Business Segmentation by Revenue 2013 and 2014 ($ millions)
      • Geographical Segmentation by Revenue 2014
        • Table Daikin Industries: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Hitachi
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table Hitachi: Business Segmentation 2014
      • Business Segmentation by Revenue 2014
        • Table Hitachi: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Hitachi: Business Segmentation by Revenue 2013 and 2014 ($ millions)
      • Geographical Segmentation by Revenue 2014
        • Table Hitachi: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • SWOT Analysis
    • LG
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table LG: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table LG: Business Segmentation by Revenue 2012 and 2013 ($ billions)
      • Sales by Geography 2013
        • Table LG : Sales by Geography 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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