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Global HVAC Market Report: 2015 Edition

Global HVAC Market Report: 2015 Edition

HVAC, stands for heating, ventilation and air conditioning and refers to the equipment, distribution network and terminals, used either collectively or individually to provide fresh filtered air, heating, cooling and humidity control in a building. HVAC market is divided into two major sub-segments: equipment and services. HVAC equipment is broken down into large commercial (applied/chillers), light commercial (commercial unitary or ducted), residential (residential unitary or ducted), and appliances/other (ductless equipment for both residential and commercial markets). The aftermarket includes parts and services related to HVAC market.

The global demand of HVAC equipment continued to increase in 2014, due to rapid growth of air-conditioning market in the emerging economies and significant growth registered by the construction industry and is expected to increase further in the coming years.

The key factors driving growth of the HVAC market are growing urbanization, rising demand for housing market, growth of mini split heat pumps, and increase in construction expenditure. Some of the noteworthy trends and developments of this industry are growing demand for variable refrigerant flow systems, technological advancements, increasing demand of smartphone, growing integration of HVAC controls and growth of radiant floor heating. However, the expansion of global HVAC market is hindered by environmental impact and stringent regulations.

The report “Global HVAC Market” provides an in-depth analysis of the HVAC equipment market along with a detailed study of the US market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, Daikin Industries Ltd., Lennox International Inc., United Technologies Corporation and Ingersoll-Rand are being profiled.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.


1. Market Overview
1.1 Types of HVAC Equipment
1.2 Types of HVAC System
1.3 HVAC Product Categories
2. HVAC Market Analysis
2.1 Global Market
HVAC Equipment Market Value
Market Segmentation
End Markets
Advanced HVAC Controls
Residential A/C & Heat Pumps
Commercial A/C & Heat Pumps
Variable Refrigerant Flow
2.2 The US HVAC Market
Commercial HVAC Equipment Market
Commercial HVAC by Type
Light Commercial by End-Markets
Large Commercial/Applied by End-Markets
3. Market Dynamics
3.1 Growth Drivers
3.1.1 Rising Construction Demand
3.1.2 Growth of Mini Split Heat Pumps
3.1.3 Rising Demand in Emerging Economies
3.1.4 Rise in E-Commerce
3.1.5 Rising Demand of the Housing Market
3.1.6 Growth of Geothermal Technology
3.1.7 Growing Urbanization
3.1.8 Economic Growth
3.2 Trends and Development
3.2.1 Rising Demand for Variable Refrigerant Flow Systems
3.2.2 Technological Advancement
3.2.3 Increasing Integration of Smartphones
3.2.4 Growing Integration of HVAC Controls
3.2.5 DEVap Systems Are Booming
3.2.6 Growth of Radiant Floor Heating
3.3 Challenges
3.3.1 Refrigerants and the Environment
3.3.2 Stringent Regulations
4. Competitive Landscape
Overall HVAC Equipment
Residential/Unitary
Large Commercial Equipment
Light Commercial Equipment
Commercial Parts/Services
5. Company Profiles
5.1 Daikin Industries Ltd.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
5.2 Lennox International Inc.
5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
5.3 United Technologies
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
5.4 Ingersoll-Rand
5.4.1 Business Overview
5.4.2 Financial Overview
5.4.3 Business Strategies
6. Market Outlook
6.1 Market Forecast
6.2 Forecasting Methodology
6.2.1 Dependent and Independent Variables
6.2.2 Correlation Analysis
6.2.3 Regression Analysis
List of Charts
Types of Heating Equipment
Types of Ventilation Equipment
Types of Air Conditioning Equipment
Types of HVAC System
HVAC Product Categories
Global HVAC Equipment Market (2009-2015E)
Global HVAC Market Share by End-Use Application (2014)
Global HVAC Market Share by Sub-Segment (2014)
Global HVAC Equipment Market Share by Sub-Segment (2014)
Target Location for Installation of HVACR Systems (2014)
Global Market for Advanced HVAC Controls (2014-2023E)
Global Market for Advanced HVAC Controls by Region (2014)
Energy Consumption by HVAC by Sector (2014)
Global Variable Refrigerant Flow (VRF) Market Share by Region (2014)
VRF vs. Traditional HVAC Systems Equipment Cost (2014)
The US Commercial HVAC Equipment Market (2009-2016E)
The US Commercial HVAC Market by Type (2009-2016E)
The US Commercial HVAC Equipment Market Growth-New Vs. Replacement (2009-2015E)
The US Commercial HVAC Equipment Growth by Segment (2009-2015E)
The US Commercial HVAC Market Share Through-Cycle Average (2014)
The US Light Commercial Breakdown by End-Market (2014)
The US Large Commercial/Applied Breakdown by End-Market (2014)
The US Market for Energy Efficient HVAC Equipment – Residential (2010-2015E)
The US Ductless Market (2008-2014)
The US Residential A/C & Heat Pumps Market by Volume (December 2010-Decemebr 2014)
The US Commercial A/C & Heat Pumps Market by Volume (December 2010-Decemebr 2014)
Global Construction Spending (2007-2014)
Global Urban Population (2007-2014)
Global GDP Growth (2006-2014)
Global HVAC Equipment Market Share by Company (2014)
Global Residential/Unitary Market Share by Company (2014)
Global Large Commercial Equipment Market Share by Company (2014)
Global Light Commercial Equipment Market Share by Company (2014)
Global Commercial Parts/Services Market Share by Company (2014)
Daikin Net Sales by Business Segment (2015)
Daikin Net Sales by Region (2015)
Daikin Net Sales and Net Income (2010-2015)
Lennox Revenue by Business Segment (2014)
Lennox Revenue by Region (2014)
Lennox Revenue and Net Income (2010-2014)
United Technologies Net Sales by Business Segment (2014)
United Technologies Net Sales by Region (2014)
United Technologies Net Sales and Net Income (2010-2014)
Ingersoll-Rand Revenue by Segment (2014)
Ingersoll-Rand Revenue by Region (2014)
Ingersoll-Rand Revenue by Product Type (2014)
Ingersoll-Rand Revenue and Net Earnings (2010-2014)
Global HVAC Equipment Market Forecast (2014-2018E)
List of Tables
Dependent & Independent Variables (2010-2014)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output

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