HVAC Market Size Share, Trends, Analysis And Forecasts By Type (Heating Equipment Ventilation Equipment, Cooling Equipment, Implementation), By Application ( Commercial, Industrial And Residential), By Geography, Industry Competition & Player Profiles, 2023 - 2032

Report code : IS228, Status : Published, Published on: Oct, 2019, Pages : 172 Pages, Format : PDF/PPT/Excel

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Description

Rapid urbanization and the growing need for energy efficient heating solutions and ventilation systems are some of the key factors bolstering industry growth. Additionally, rising government approval requirements and growing awareness level among general population is predicted to fuel product demand over the coming years as well. The Global HVAC Market was valued at US$ 135 billion in 2019.

Governments across the globe are offering incentives and discounts for ventilation, and Air Conditioning (HVAC) units, thereby fostering product sales. Europe has witnessed massive growth over the past few years owing to the booming housing and tourism industry in the region. Additionally, rising sales of HVAC units across the North America region is credited to the well-established service industry and growing real-estate sector.

Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global HVAC market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, Johnson Controls International PLC reported revenues of US$ 31,400 Million in 2018 and the segment and geographic analysis of the company indicates that Building Technologies & Solutions is the dominating segment of the company, with the United States and China being the major revenue generating region.

The report titled “HVAC Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period.

Moreover, the HVAC market study takes into consideration market segmentation based heating equipment type, ventilation equipment type, cooling equipment type, implementation type, by application, and geography. Based on heating equipment type, the market is segmented into heat pumps, furnaces, boilers, and unitary heaters. Based on ventilation equipment, the market is segmented into humidifiers, dehumidifiers, air purifiers, air heaters, ventilation filters, and air handling units. Based on cooling equipment type, the market is segmented into room air conditioners, unitary conditioners, chillers, coolers, cooling towers, and VRF units). On the basis of implementation type, the market is segmented into new construction and retrofit. Based on application, the market is segmented into Commercial (Offices and buildings, Supermarkets/Hypermarkets, Government, Healthcare, Hospitality, and Transportation), Industrial (Oil and Gas, Food and Beverage, Automotive, and Energy and Utilities) and Residential). Based on geography, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa.

Additionally, the study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on rocket and missile products. Further, market share of company in the global HVAC market would also be calculated. For instance, Johnson Controls International PLC operates through two business segments namely Building Technologies & Solutions and Power Solutions. Moreover, Building Technologies & Solutions segment of the company deals with HVAC with a revenue contribution of US$ 23,400 Million.

The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the HVAC manufacturing companies. Furthermore, the global HVAC market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the HVAC business segment of the company.

Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global HVAC market. For instance, "In the fourth quarter of fiscal 2016, Johnson Controls, Inc. ("JCI Inc.") and Tyco completed their combination with JCI Inc. merging with a wholly owned, indirect subsidiary of Tyco (the "Merger"). Following the Merger, Tyco changed its name to “Johnson Controls International plc” and JCI Inc. is a wholly-owned subsidiary of Johnson Controls International plc. The Merger was accounted for as a reverse acquisition using the acquisition method of accounting in accordance with Accounting Standards.

Major market players include Johnson Controls International PLC, Samsung Electronics Co., Ltd., Lennox International Inc., Ingersoll-Rand plc, United Technologies Co., Daikin Industries Ltd., and Mitsubishi Electric Co.

Segmentation:

By Heating Equipment Type

Heat Pumps
Furnaces
Boilers
Unitary Heaters

By Ventilation Equipment Type

By Cooling Equipment Type

By Implementation Type

New Construction
Retrofit

By Application

Commercial
- Offices and buildings
- Supermarkets/Hypermarkets
- Government
- Healthcare
- Hospitality
- Transportation
Industrial
- Oil And Gas
- Food And Beverage
- Automotive
- Energy
- Utilities
Residential

By Region

North America
Europe
Asia Pacific
Middle East & Africa
South America

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global HVAC Market
Global HVAC Market Qualitative Analysis
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
Global HVAC Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Equipment
    - Heat Pumps
    - Humidifiers
    - Dehumidifiers
    - Air Handling Units (AHU)
    - Air Filters
    - Ventilation Fans
    - Others
  - Services
    - Installation
    - Maintenance

Global HVAC Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global HVAC Market Estimates (US$ Mn), by Product Type, 2019 – 2032
  - Single Splits
  - Variable Refrigerant Flow (VRF) Systems
  - Chillers
  - Packaged Air Conditioners
  - Window and Portable Air Conditioners
  - Others

Global HVAC Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global HVAC Market Estimates (US$ Mn), by End Use, 2019 – 2032
  - Residential
  - Commercial
  - Industrial

Global HVAC Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global HVAC Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America HVAC Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Equipment
    - Heat Pumps
    - Humidifiers
    - Dehumidifiers
    - Air Handling Units (AHU)
    - Air Filters
    - Ventilation Fans
    - Others
  - Services
    - Installation
    - Maintenance
  - North America HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
    - Single Splits
    - Variable Refrigerant Flow (VRF) Systems
    - Chillers
    - Packaged Air Conditioners
    - Window and Portable Air Conditioners
    - Others
  - North America HVAC Market Estimates (US$ Mn), by End Use, 2019 – 2032
    - Residential
    - Commercial
    - Industrial
  - North America HVAC Market Estimates (US$ Mn), Country, 2019 – 2032
    - United States
    - Canada
    - Rest of North America

Europe HVAC Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Equipment
    - Heat Pumps
    - Humidifiers
    - Dehumidifiers
    - Air Handling Units (AHU)
    - Air Filters
    - Ventilation Fans
    - Others
  - Services
    - Installation
    - Maintenance
  - Europe HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
    - Single Splits
    - Variable Refrigerant Flow (VRF) Systems
    - Chillers
    - Packaged Air Conditioners
    - Window and Portable Air Conditioners
    - Others
  - Europe HVAC Market Estimates (US$ Mn), by End Use, 2019 – 2032
    - Residential
    - Commercial
    - Industrial
  - Europe HVAC Market Estimates (US$ Mn), Country, 2019 – 2032
    - Germany
    - United Kingdom
    - Italy
    - France
    - Spain
    - Rest of Europe

Asia Pacific HVAC Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Equipment
    - Heat Pumps
    - Humidifiers
    - Dehumidifiers
    - Air Handling Units (AHU)
    - Air Filters
    - Ventilation Fans
    - Others
  - Services
    - Installation
    - Maintenance
  - Asia Pacific HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
    - Single Splits
    - Variable Refrigerant Flow (VRF) Systems
    - Chillers
    - Packaged Air Conditioners
    - Window and Portable Air Conditioners
    - Others
  - Asia Pacific HVAC Market Estimates (US$ Mn), by End Use, 2019 – 2032
    - Residential
    - Commercial
    - Industrial
  - Asia Pacific HVAC Market Estimates (US$ Mn), Country, 2019 – 2032
    - Japan
    - India
    - China
    - South Korea
    - Australia
    - Rest of Asia Pacific

Middle East & Africa HVAC Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Equipment
    - Heat Pumps
    - Humidifiers
    - Dehumidifiers
    - Air Handling Units (AHU)
    - Air Filters
    - Ventilation Fans
    - Others
  - Services
    - Installation
    - Maintenance
  - Middle East & Africa HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
    - Single Splits
    - Variable Refrigerant Flow (VRF) Systems
    - Chillers
    - Packaged Air Conditioners
    - Window and Portable Air Conditioners
    - Others
  - Middle East & Africa HVAC Market Estimates (US$ Mn), by End Use, 2019 – 2032
    - Residential
    - Commercial
    - Industrial
  - Middle East & Africa HVAC Market Estimates (US$ Mn), Country, 2019 – 2032
    - Saudi Arabia
    - South Africa
    - UAE
    - Rest of Middle East

South America HVAC Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Equipment
    - Heat Pumps
    - Humidifiers
    - Dehumidifiers
    - Air Handling Units (AHU)
    - Air Filters
    - Ventilation Fans
    - Others
  - Services
    - Installation
    - Maintenance
  - South America HVAC Market Estimates (US$ Mn), by Type, 2019 – 2032
    - Single Splits
    - Variable Refrigerant Flow (VRF) Systems
    - Chillers
    - Packaged Air Conditioners
    - Window and Portable Air Conditioners
    - Others
  - South America HVAC Market Estimates (US$ Mn), by End Use, 2019 – 2032
    - Residential
    - Commercial
    - Industrial
  - South America HVAC Market Estimates (US$ Mn), Country, 2019 – 2032
    - Brazil
    - Rest of South America

Competition Analysis – HVAC Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - Johnson Controls–Hitachi Air Conditioning
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - Samsung Electronics Co., Ltd.
  - Lennox International Inc.
  - Haier, Inc.
  - AB Electrolux
  - Nortek Global HVAC LLC
  - Emerson Electric Co.
  - Danfoss A/S
  - Robert Bosch LLC
  - Ingersoll-Rand plc
  - United Technologies Co.
  - Daikin Industries Ltd.
  - Mitsubishi Electric Co.
  - Daikin Industries Ltd.
  - Carrier Corporation
  - LG Corporation
  - Lennox International Inc.
  - Rheem Manufacturing Company
  - SPX Technologies

Conclusion & Recommendations

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Frequently asked questions about this report

What are the major driving factors and opportunities in the HVAC market?

Rapid urbanization and the growing need for energy efficient heating solutions and ventilation systems are some of the key factors bolstering industry growth.

Which prime HVAC players are profiled in this analysis?

Key HVAC market players are Johnson Controls International PLC, Samsung Electronics Co., Ltd., Lennox International Inc., Ingersoll-Rand plc, United Technologies Co., Daikin Industries Ltd., Mitsubishi Electric Co. and others.

What are the different types of HVAC used?

Based on type, the HVAC market is segmented into Heat Pumps, Furnaces, Boilers and Unitary Heaters.

What is the time duration considered while assessing the market?

The HVAC analysis market has been assessed for the years 2023 to 2032.