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HVAC Systems Market by Equipment Type (Heating (Heat Pump, Furnace), Ventilation (Air Filter, Dehumidifier, Air Purifier), Cooling (Room AC, Unitary AC, Chiller)), Software & Services, Implementation Type, Application, and Geography - Global Forecast to 2

HVAC Systems Market by Equipment Type (Heating (Heat Pump, Furnace), Ventilation (Air Filter, Dehumidifier, Air Purifier), Cooling (Room AC, Unitary AC, Chiller)), Software & Services, Implementation Type, Application, and Geography - Global Forecast to 2022

“HVAC systems market to exhibit high growth potential during the forecast period”

The HVAC systems market is expected to grow at a CAGR of 5.9% between 2016 and 2022 and reach USD 173.16 billion by 2022. The key driving factors for the growth of the HVAC systems market are government incentives through tax credit programs, increasing construction activities, and government regulations and policies for energy saving.

“Heating equipment expected to grow at a high rate in the overall HVAC systems market during the forecast period“

The growth of the heating equipment market is mainly driven by government financial incentive programs, low operating cost and high operating capacity, higher efficiency of equipment, and increasing demand in the residential market.

“APAC to be the leading and fastest-growing market for HVAC systems during the forecast period”

The growth of the HVAC systems market in APAC is attributed to the increase in industrialization and urbanization, increase in the disposable income of consumers, and change in climate conditions. Further, introduction of government programs for promoting energy savings has also helped the HVAC industry to grow in the region. Some of the regulations contributing to the growth of the region are Commercial Building Disclosure (CBD) Program (Australia), Energy Conservation Building Codes (India), LEED-INDIA, and Indian Society of Heating, Refrigerating, and Air-Conditioning Engineers (ISHRAE).

Break-up of the profiles of primary participants for the report has been given below:

By Company Type: Tier 1 – 45%, Tier 2 – 40%, and Tier 3 – 15%

By Designation: C–Level Executives – 25%, Directors– 35%, Others – 40%

By Region: North America - 30%, Europe – 25%, APAC – 40%, RoW – 5%

The key players in the market include Daikin Industries Limited (Japan), Ingersoll Rand Plc. (Ireland), Johnson Controls, Inc. (U.S.), Nortek, Inc. (U.S.), United Technologies Corporation (U.S.), Electrolux AB (Sweden), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Lennox International Inc. (U.S.), LG Electronics (South Korea), Mitsubishi Electric (Japan), Panasonic Corporation (Japan), Qingdao Haier Co. Ltd. (China), Samsung Electronics (South Korea), and Whirlpool Corporation (U.S.).



Reasons to buy the report:

Illustrative segmentation, analysis, and forecast for the market based on heating equipment, ventilation equipment, cooling equipment, implementation type, application, software and service, and geography has been conducted to give an overall view of the HVAC systems market.

The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the HVAC systems market.

The major drivers, restraints, opportunities, and challenges for the HVAC systems market have been detailed in this report.

The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS - HVAC SYSTEMS MARKET
    • HVAC SYSTEMS MARKET, 2016-2022 (USD BILLION)
    • HVAC SYSTEMS MARKET, BY EQUIPMENT TYPE (2016-2022)
    • HVAC SYSTEMS MARKET, BY EQUIPMENT AND REGION (2016)
    • HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE (2016)
    • HVAC SYSTEMS MARKET, BY GEOGRAPHY (2016)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT
      • HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT
      • HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT
      • HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE
      • HVAC SYSTEMS MARKET, BY APPLICATION
      • HVAC SYSTEMS MARKET, BY SOFTWARE AND SERVICE
      • HVAC SYSTEMS MARKET, BY GEOGRAPHY
    • DYNAMICS
      • DRIVERS
        • Table GOVERNMENT INCENTIVES THROUGH TAX CREDIT PROGRAMS IS EXPECTED TO INCREASE THE DEMAND FOR HVAC
      • RESTRAINTS
        • Table HIGH COSTS OF SKILLED LABOR AS WELL AS INSTALLATION HINDERING MARKET GROWTH
      • OPPORTUNITIES
        • Table DEVELOPMENT OF THE NEXT GENERATION LOW GWP REFRIGERANTS FOR HVAC SYSTEMS
      • CHALLENGES
        • Table COMPLEXITIES IN THE REPLACEMENT OF HVAC SYSTEMS IN EXISTING BUILDINGS
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES MODEL
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
    • REGULATORY STANDARDS
      • MONTREAL PROTOCOL
      • KYOTO PROTOCOL
      • LEED CERTIFICATION
  • HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT
    • INTRODUCTION
      • Table HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR HEATING EQUIPMENT, BY APPLICATION, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR HEATING EQUIPMENT, BY REGION, 2013-2022 (USD BILLION)
    • HEAT PUMP
      • AIR-TO-AIR HEAT PUMP
      • AIR-TO-WATER HEAT PUMP
      • WATER-TO-WATER HEAT PUMP
        • Table HVAC SYSTEMS MARKET FOR HEAT PUMPS, BY APPLICATION, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET FOR HEAT PUMPS, BY REGION, 2013-2022 (USD BILLION)
    • FURNACE
      • OIL FURNACE
      • GAS FURNACE
      • ELECTRIC FURNACE
        • Table HVAC SYSTEMS MARKET FOR FURNACES, BY APPLICATION, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET FOR FURNACES, BY REGION, 2013-2022 (USD BILLION)
    • BOILER
      • STEAM BOILER
      • HOT WATER BOILER
        • Table HVAC SYSTEMS MARKET FOR BOILERS, BY APPLICATION, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET FOR BOILERS, BY REGION, 2013-2022 (USD BILLION)
    • UNITARY HEATER
      • GAS UNIT HEATER
      • OIL FIRED UNIT HEATER
      • ELECTRIC UNIT HEATER
        • Table HVAC SYSTEMS MARKET FOR UNITARY HEATERS, BY APPLICATION, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET FOR UNITARY HEATERS, BY REGION, 2013-2022 (USD BILLION)
  • HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT
    • INTRODUCTION
      • Table HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR VENTILATION EQUIPMENT, BY APPLICATION, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR VENTILATION EQUIPMENT, BY REGION, 2013-2022 (USD BILLION)
    • HUMIDIFIER
      • WARM-MIST HUMIDIFIER
      • ULTRASONIC HUMIDIFIER
      • COOL-MIST HUMIDIFIER
        • Table HVAC SYSTEMS MARKET FOR HUMIDIFIERS, BY APPLICATION, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET FOR HUMIDIFIERS, BY REGION, 2013-2022 (USD MILLION)
    • DEHUMIDIFIER
      • REFRIGERATION DEHUMIDIFIER
      • ABSORPTION DEHUMIDIFIER
        • Table HVAC SYSTEMS MARKET FOR DEHUMIDIFIERS, BY APPLICATION, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET FOR DEHUMIDIFIERS, BY REGION, 2013-2022 (USD MILLION)
    • AIR PURIFIER
      • HEPA AIR PURIFIER
      • ACTIVATED CARBON AIR PURIFIER
      • ELECTROSTATIC AIR PURIFIER
      • IONIC AIR PURIFIER
        • Table HVAC SYSTEMS MARKET FOR AIR PURIFIERS, BY APPLICATION, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET FOR AIR PURIFIERS, BY REGION, 2013-2022 (USD MILLION)
    • AIR FILTER
      • Table HVAC SYSTEMS MARKET FOR AIR FILTERS, BY APPLICATION, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR AIR FILTERS, BY REGION, 2013-2022 (USD BILLION)
    • VENTILATION FAN
      • CROSS FLOW FAN
      • AXIAL FAN
      • CENTRIFUGAL FAN
      • DOMESTIC FAN
      • RANGE HOOD FAN
      • POWER ROOF FAN
        • Table HVAC SYSTEMS MARKET FOR VENTILATION FANS, BY APPLICATION, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET FOR VENTILATION FANS, BY REGION, 2013-2022 (USD MILLION)
    • OTHERS
      • DUCT
      • DIFFUSER
  • HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT
    • INTRODUCTION
      • Table HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR COOLING EQUIPMENT, BY APPLICATION, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR COOLING EQUIPMENT, BY REGION, 2013-2022 (USD BILLION)
    • ROOM AIR-CONDITIONER
      • Table HVAC SYSTEMS MARKET FOR ROOM AIR-CONDITIONERS, BY APPLICATION, 2013-2022 (USD BILLION)
      • Table HVAC SYSTEMS MARKET FOR ROOM AIR-CONDITIONERS, BY REGION, 2013-2022 (USD BILLION)
    • UNITARY AIR-CONDITIONER
      • SPLIT-AIR-CONDITIONER
      • PACKAGED AIR-CONDITIONER
        • Table HVAC SYSTEMS MARKET FOR UNITARY AIR-CONDITIONERS, BY APPLICATION, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET FOR UNITARY AIR-CONDITIONERS, BY REGION, 2013-2022 (USD BILLION)
    • CHILLER
      • SCROLL CHILLER
      • SCREW CHILLER
      • CENTRIFUGAL CHILLER
      • RECIPROCATING CHILLER
      • ABSORPTION CHILLER
        • Table HVAC SYSTEMS MARKET FOR CHILLERS, BY APPLICATION, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET FOR CHILLERS, BY REGION, 2013-2022 (USD BILLION)
    • COOLER
      • DUCTED COOLER
      • WINDOW COOLER
        • Table HVAC SYSTEMS MARKET FOR COOLERS, BY APPLICATION, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET FOR COOLERS, BY REGION, 2013-2022 (USD MILLION)
    • COOLING TOWER
      • EVAPORATIVE COOLING TOWER
      • DRY COOLING TOWER
      • HYBRID COOLING TOWER
        • Table HVAC SYSTEMS MARKET FOR COOLING TOWERS, BY APPLICATION, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET FOR COOLING TOWERS, BY REGION, 2013-2022 (USD MILLION)
  • HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE
    • INTRODUCTION
    • NEW CONSTRUCTION
      • GOVERNMENT REGULATIONS FOR GREENER BUILDINGS AND SMART CONTROLS IS CHANGING HVAC INDUSTRY
    • RETROFIT BUILDING
      • ATTRACTIVE TAX BENEFITS BY THE U.S. GOVERNMENT FOR ENERGYEFFICIENT HVAC SYSTEM IS ENCOURAGING RETROFIT MARKET
        • Table HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE, 2013-2022 (USD BILLION)
  • HVAC SYSTEMS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HVAC SYSTEMS MARKET, BY APPLICATION, 2013-2022 (USD BILLION)
    • RESIDENTIAL
      • INCREASING AWARENESS FOR ENERGY EFFICIENCY
      • GOVERNMENT REGULATIONS AND TAX CREDIT PROGRAMS TO PROMOTE HVAC SYSTEM
    • COMMERCIAL
      • HEALTHCARE
      • EDUCATION
      • GOVERNMENT
      • OFFICE
      • AIRPORT
      • RETAIL
        • Table HVAC SYSTEMS MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2013-2022 (USD BILLION)
    • INDUSTRIAL
      • ENERGY EFFICIENT HVAC SYSTEM IN INDUSTRIES WOULD HELP TO REDUCE OPERATIONAL COST
  • SOFTWARE AND SERVICES USED IN HVAC SYSTEMS
    • INTRODUCTION
      • SOFTWARE
      • SERVICES
  • HVAC SYSTEMS MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table HVAC SYSTEMS MARKET, BY REGION, 2013-2022 (USD BILLION)
    • NORTH AMERICA
      • U.S.
      • CANADA
      • MEXICO
        • Table HVAC SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN NORTH AMERICA, BY EQUIPMENT TYPE, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN NORTH AMERICA, BY HEATING EQUIPMENT, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN NORTH AMERICA, BY VENTILATION EQUIPMENT, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET IN NORTH AMERICA, BY COOLING EQUIPMENT, 2013-2022 (USD BILLION)
    • EUROPE
      • U.K.
      • GERMANY
      • FRANCE
      • REST OF EUROPE
        • Table HVAC SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN EUROPE, BY EQUIPMENT TYPE, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN EUROPE, BY HEATING EQUIPMENT, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN EUROPE, BY VENTILATION EQUIPMENT, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET IN EUROPE, BY COOLING EQUIPMENT, 2013-2022 (USD BILLION)
    • ASIA-PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
        • Table HVAC SYSTEMS MARKET IN APAC, BY COUNTRY, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN APAC, BY EQUIPMENT TYPE, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN APAC, BY HEATING EQUIPMENT, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN APAC, BY VENTILATION EQUIPMENT, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET IN APAC, BY COOLING EQUIPMENT, 2013-2022 (USD BILLION)
    • REST OF THE WORLD
      • SOUTH AMERICA
      • MIDDLE EAST
      • AFRICA
        • Table HVAC SYSTEMS MARKET IN ROW, BY REGION, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN ROW, BY EQUIPMENT TYPE, 2013-2022 (USD BILLION)
        • Table HVAC SYSTEMS MARKET IN ROW, BY HEATING EQUIPMENT, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET IN ROW, BY VENTILATION EQUIPMENT, 2013-2022 (USD MILLION)
        • Table HVAC SYSTEMS MARKET IN ROW, BY COOLING EQUIPMENT, 2013-2022 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS FOR HVAC SYSTEM MANUFACTURERS
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2014-2016
      • EXPANSIONS
        • Table EXPANSIONS, 2014-2016
      • ACQUISITIONS AND CONTRACTS
        • Table ACQUISITIONS AND CONTRACTS, 2014-2016
      • AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES
        • Table AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES, 2014-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • DAIKIN INDUSTRIES LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INGERSOLL RAND PLC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • JOHNSON CONTROLS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NORTEK, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • UNITED TECHNOLOGIES CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ELECTROLUX AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HONEYWELL INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • LENNOX INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • LG ELECTRONICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MITSUBISHI ELECTRIC CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • PANASONIC CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • QINGDAO HAIER CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SAMSUNG ELECTRONICS CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • WHIRLPOOL CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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