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Published: Nov, 2018 | Pages:
111 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)
The global HVAC systems market size is anticipated to reach USD 183.8 billion by 2025, according to a new report by Grand View Research Inc. The market is estimated to witness a CAGR of 5.7% during the forecast period. Growing commercial sector and rapid urbanization across the globe are driving the demand for HVAC equipment. Furthermore, incentives and rebates programs offered by various governments to promote the use of energy-efficient units is anticipated to bolster the HVAC equipment market growth. Moreover, HVAC systems are being integrated with next-generation technologies, such as IoT sensors, remote control systems, and hybrid HVAC units, to provide optimum comfort with reduced energy consumption. This is also anticipated to support the global market expansion over the forecast period. On the other hand, high installation and maintenance costs coupled with complexity of retrofit HVAC installations may hinder the market growth. However, many prominent manufacturers are investing in R&D to develop cost- and energy-efficient units; which will fuel the product demand. For instance, a California-based company developed an ice-powered air conditioning system. The new system reduces the energy consumption of the building by freezing a significant amount of water overnight and offers six hours of cooling the next day. Several residential complexes and businesses are replacing old HVAC systems with new energy-efficient units for higher performance, energy savings, and cost reduction. Moreover, remodeling and new construction of residential, commercial or industrial buildings requires HVAC systems. These factors are expected to propel the market development over the forecast period. Asia Pacific region led the HVAC equipment market, in terms of market share. This growth is attributed to the rising disposable income and awareness regarding energy-efficient products. Furthermore, growing real estate industry across the region as a result of increasing population will also have a positive impact on the product demand. The emergence of smart buildings and government initiatives promoting the use of energy- and cost-efficient systems are also expected to boost the market growth in this region. Further key findings from the study suggest: • Cooling systems led the HVAC equipment market in 2017 and is likely to grow further on account of rising demand from the residential and commercial sectors • The residential segment held the majority share of the total revenue in 2017 owing to rise in real estate sector in developing regions • Driven by Japan and China, Asia Pacific was the dominant region in the global market. It is projected to maintain its dominance in future on account of growing real estate market and consumer disposable income levels • Leading companies and several governments across the globe are promoting HVAC systems through endorsement labels like ENERGY STAR and incentive programs, which will boost the market growth • Some of the top companies in this market are LG Electronics, Inc.; Lennox International, Inc.; Carrier Corporation; Samsung Electronics Co. Ltd.; United Technologies Corporation; Johnson Controls International PLC; and Daikin Industries Ltd.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Summary
2.2. HVAC Systems Market, 2015 - 2025
Chapter 3. Market Variables, Trends & Scope
3.1. Market Segmentation
3.2. HVAC Systems Market Size & Growth Prospects
3.3. HVAC Systems Market - Value Chain Analysis
3.4. HVAC Systems Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Government tax credit and rebate programs
3.4.1.2. The growing real estate sector
3.4.1.3. Increasing replacement and refurbishment demand for HVAC systems
3.4.2. Market challenge analysis
3.4.2.1. Maintenance and installing costs
3.4.2.2. High energy consumption
3.4.3. Market opportunity analysis
3.4.3.1. Integration of IoT with HVAC systems
3.5. HVAC Systems Penetration & Growth Prospects Mapping
3.6. HVAC Systems Market-Porter's Five Forces
3.7. HVAC Market-PEST Analysis
3.8. Technology Landscape
3.8.1. Thermostats
3.8.2. Furnace
3.8.3. Heat exchanger
3.8.4. Evaporator coil
3.8.5. Condensing unit
3.8.6. Controllers
3.9. Regulatory Landscape
3.9.1. United States
3.9.2. Canada
3.9.3. Mexico
3.9.4. Europe
3.9.5. India
3.9.6. China
3.9.7. Japan
3.9.8. MEA
Chapter 4. HVAC Systems Product Outlook
4.1. HVAC Systems Market, By Product, 2015 & 2025
4.2. Heating
4.2.1. Heating HVAC systems market, 2015 - 2025
4.2.2. Heating HVAC systems market, by region, 2015 - 2025
4.3. Ventilation
4.3.1. Ventilation market, 2015 - 2025
4.3.2. Ventilation HVAC systems market, by region, 2015 - 2025
4.4. Cooling
4.4.1. Cooling HVAC Systems market, 2015 - 2025
4.4.2. Cooling HVAC Systems market, by region, 2015 - 2025
Chapter 5. HVAC Systems End Use Outlook
5.1. HVAC Systems Market, By End Use, 2016 & 2025
5.2. Residential
5.2.1. Residential HVAC systems market, 2015 - 2025
5.2.2. Residential HVAC systems market, by region, 2015 - 2025
5.3. Commercial
5.3.1. Commercial HVAC systems market, 2015 - 2025
5.3.2. Commercial HVAC systems market, by region, 2015 - 2025
5.4. Industrial
5.4.1. Industrial HVAC systems market, 2015 - 2025
5.4.2. Industrial HVAC systems market, by region, 2015 - 2025
Chapter 6. HVAC Systems Regional Outlook
6.1. HVAC Systems Market, By Region, 2016 & 2025
6.2. North America
6.2.1. North America HVAC systems market, 2015 - 2025
6.2.2. North America HVAC systems market, by product, 2015 - 2025
6.2.3. North America HVAC systems market, by end use, 2015 - 2025
6.2.4. U.S.
6.2.4.1. U.S. HVAC systems market, 2015 - 2025
6.2.4.2. U.S. HVAC systems market, by product, 2015 - 2025
6.2.4.3. U.S. HVAC systems market, by end use, 2015 - 2025
6.2.5. Canada
6.2.5.1. Canada HVAC systems market, 2015 - 2025
6.2.5.2. Canada HVAC systems market, by product, 2015 - 2025
6.2.5.3. Canada HVAC systems market, by end use, 2015 - 2025
6.2.6. Mexico
6.2.6.1. Mexico HVAC systems market, 2015 - 2025
6.2.6.2. Mexico HVAC systems market, by product, 2015 - 2025
6.2.6.3. Mexico HVAC systems market, by end use, 2015 - 2025
6.3. Europe
6.3.1. Europe HVAC systems market, 2015 - 2025
6.3.2. Europe HVAC systems market, by product, 2015 - 2025
6.3.3. Europe HVAC systems market, by end use, 2015 - 2025
6.3.4. U.K.
6.3.4.1. U.K. HVAC systems market, 2015 - 2025
6.3.4.2. U.K. HVAC systems market, by product, 2015 - 2025
6.3.4.3. U.K. HVAC systems market, by end use, 2015 - 2025
6.3.5. Germany
6.3.5.1. Germany HVAC systems market, 2015 - 2025
6.3.5.2. Germany HVAC systems market, by product, 2015 - 2025
6.3.5.3. Germany HVAC systems market, by end use, 2015 - 2025
6.3.6. Italy
6.3.6.1. Italy HVAC systems market, 2015 - 2025
6.3.6.2. Italy HVAC systems market, by product, 2015 - 2025
6.3.6.3. Italy HVAC systems market, by end use, 2015 - 2025
6.3.7. Spain
6.3.7.1. Spain HVAC systems market, 2015 - 2025
6.3.7.2. Spain HVAC systems market, by product, 2015 - 2025
6.3.7.3. Spain HVAC systems market, by end use, 2015 - 2025
6.3.8. France
6.3.8.1. France HVAC systems market, 2015 - 2025
6.3.8.2. France HVAC systems market, by product, 2015 - 2025
6.3.8.3. France HVAC systems market, by end use, 2015 - 2025
6.4. Asia pacific
6.4.1. Asia Pacific HVAC systems market, 2015 - 2025
6.4.2. Asia Pacific HVAC systems market, by product, 2015 - 2025
6.4.3. Asia Pacific HVAC systems market, by end use, 2015 - 2025
6.4.4. India
6.4.4.1. India HVAC systems market, 2015 - 2025
6.4.4.2. India HVAC systems market, by product, 2015 - 2025
6.4.4.3. India HVAC systems market, by end use, 2015 - 2025
6.4.5. China
6.4.5.1. China HVAC systems market, 2015 - 2025
6.4.5.2. China HVAC systems market, by product, 2015 - 2025
6.4.5.3. China HVAC systems market, by end use, 2015 - 2025
6.4.6. Japan
6.4.6.1. Japan HVAC systems market, 2015 - 2025
6.4.6.2. Japan HVAC systems market, by product, 2015 - 2025
6.4.6.3. Japan HVAC systems market, by end use, 2015 - 2025
6.4.7. South Korea
6.4.7.1. South Korea HVAC systems market, 2015 - 2025
6.4.7.2. South Korea HVAC systems market, by product, 2015 - 2025
6.4.7.3. South Korea HVAC systems market, by end use, 2015 - 2025
6.4.8. Australia
6.4.8.1. Australia HVAC systems market, 2015 - 2025
6.4.8.2. Australia HVAC systems market, by product, 2015 - 2025
6.4.8.3. Australia HVAC systems market, by end use, 2015 - 2025
6.5. South America
6.5.1. South America HVAC systems market, 2015 - 2025
6.5.2. South America HVAC systems market, by product, 2015 - 2025
6.5.3. South America HVAC systems market, by end use, 2015 - 2025
6.5.4. Brazil
6.5.4.1. Brazil HVAC systems market, 2015 - 2025
6.5.4.2. Brazil HVAC systems market, by product, 2015 - 2025
6.5.4.3. Brazil HVAC systems market, by end use, 2015 - 2025
6.5.5. Argentina
6.5.5.1. Argentina HVAC systems market, 2015 - 2025
6.5.5.2. Argentina HVAC systems market, by product, 2015 - 2025
6.5.5.3. Argentina HVAC systems market, by end use, 2015 - 2025
6.5.6. Chile
6.5.6.1. Chile HVAC systems market, 2015 - 2025
6.5.6.2. Chile HVAC systems market, by product, 2015 - 2025
6.5.6.3. Chile HVAC systems market, by end use, 2015 - 2025
6.6. MEA
6.6.1. MEA HVAC systems market, 2015 - 2025
6.6.2. MEA HVAC systems market, by product, 2015 - 2025
6.6.3. MEA HVAC systems market, by end use, 2015 - 2025
Chapter 7. Competitive Landscape
7.1. LG Electronics, Inc.
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives.
7.2. Lennox International, Inc.
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Carrier Corporation
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Samsung Electronics Co. Ltd.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. AB Electrolux
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. United Technologies Corporation
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Recent Developments
7.7. Haier Group
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. Havells India Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. Hitachi Ltd.
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Recent Developments
7.10. Emerson Electric Co.
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Rheem Manufacturing Company
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.11.4. Strategic Initiatives.
7.12. Mitsubishi Electric US, Inc.
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.12.4. Strategic Initiatives
7.13. Daikin Industries, Ltd.
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
7.13.4. Strategic Initiatives
7.14. Johnson Controls International plc
7.14.1. Company Overview
7.14.2. Financial Performance
7.14.3. Product Benchmarking
7.14.4. Strategic Initiatives
7.15. Trane, Inc.
7.15.1. Company Overview
7.15.2. Financial Performance
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives
List of Tables Table 1 List of Abbreviation Table 2 HVAC systems market, 2015 - 2025 (USD Billion) Table 3 HVAC systems market, by region, 2015 - 2025 (USD Billion) Table 4 HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 5 HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 6 Heating HVAC systems market, 2015 - 2025 (USD Billion) Table 7 Heating HVAC systems market, by region, 2015 - 2025 (USD Billion) Table 8 Ventilation HVAC systems market, 2015 - 2025 (USD Billion) Table 9 Ventilation HVAC systems market, by region, 2015 - 2025 (USD Billion) Table 10 Cooling HVAC systems market, 2015 - 2025 (USD Billion) Table 11 Cooling HVAC systems market, by region, 2015 - 2025 (USD Billion) Table 12 Residential HVAC systems market, 2015 - 2025 (USD Billion) Table 13 Residential HVAC systems market, by region, 2015 - 2025 (USD Billion) Table 14 Commercial HVAC systems market, 2015 - 2025 (USD Billion) Table 15 Commercial HVAC systems market, by region, 2015 - 2025 (USD Billion) Table 16 Industrial HVAC systems market, 2015 - 2025 (USD Billion) Table 17 Industrial HVAC systems market, by region, 2015 - 2025 (USD Billion) Table 18 North America HVAC systems market, 2015 - 2025 (USD Billion) Table 19 North America HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 20 North America HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 21 U.S. HVAC systems market, 2015 - 2025 (USD Billion) Table 22 U.S. HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 23 U.S. HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 24 Canada HVAC systems market, 2015 - 2025 (USD Billion) Table 25 Canada HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 26 Canada HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 27 Mexico HVAC systems market, 2015 - 2025 (USD Billion) Table 28 Mexico HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 29 Mexico HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 30 Europe HVAC systems market, 2015 - 2025 (USD Billion) Table 31 Europe HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 32 Europe HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 33 U.S. HVAC systems market, 2015 - 2025 (USD Billion) Table 34 U.K. HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 35 U.K. HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 36 Germany HVAC systems market, 2015 - 2025 (USD Billion) Table 37 Germany HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 38 Germany HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 39 Italy HVAC systems market, 2015 - 2025 (USD Billion) Table 40 Italy HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 41 Italy HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 42 Spain HVAC systems market, 2015 - 2025 (USD Billion) Table 43 France HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 44 France HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 45 Spain HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 46 France HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 47 France HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 48 Spain HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 49 France HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 50 France HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 51 France HVAC systems market, 2015 - 2025 (USD Billion) Table 52 France HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 53 France HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 54 Asia Pacific HVAC systems market, 2015 - 2025 (USD Billion) Table 55 Asia Pacific HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 56 Asia Pacific HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 57 India HVAC systems market, 2015 - 2025 (USD Billion) Table 58 India HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 59 India HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 60 China HVAC systems market, 2015 - 2025 (USD Billion) Table 61 China HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 62 China HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 63 South Korea HVAC systems market, 2015 - 2025 (USD Billion) Table 64 South Korea HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 65 South Korea HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 66 Australia HVAC systems market, 2015 - 2025 (USD Billion) Table 67 Australia HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 68 Australia HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 69 South America HVAC systems market, 2015 - 2025 (USD Billion) Table 70 South America HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 71 South America HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 72 Brazil HVAC systems market, 2015 - 2025 (USD Billion) Table 73 Brazil HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 74 Brazil HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 75 Argentina HVAC systems market, 2015 - 2025 (USD Billion) Table 76 Argentina HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 77 Argentina HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 78 Chile HVAC systems market, 2015 - 2025 (USD Billion) Table 79 Chile HVAC systems market, by product, 2015 - 2025 (USD Billion) Table 80 Chile HVAC systems market, by end use, 2015 - 2025 (USD Billion) Table 81 MEA HVAC systems market, 2015 - 2025 (USD Billion) Table 82 MEA HVAC systems market, by application, 2015 - 2025 (USD Billion) Table 83 MEA HVAC systems market, by service, 2015 - 2025 (USD Billion) Table 84 MEA HVAC systems market, by service, 2015 - 2025 (USD Billion)
List of Figures Fig. 1 HVAC systems market, 2016 (USD Billion) Fig. 2 HVAC systems market segment Fig. 3 HVAC systems market, 2015 - 2025 (USD Billion) Fig. 4 Value chain analysis Fig. 5 HVAC systems market driver impact Fig. 6 HVAC systems market challenge impact Fig. 7 HVAC systems penetration & growth prospects mapping Fig. 8 HVAC systems market - Porter's analysis Fig. 9 HVAC market - PESTEL analysis Fig. 10 HVAC systems market, by application, 2015 & 2025 (USD Billion) Fig. 11 HVAC systems market, by service, 2016 & 2025 (USD Billion) Fig. 12 HVAC systems market, by region, 2016 & 2025 Fig. 13 North America HVAC systems market - Key takeaways Fig. 14 Europe HVAC market - Key takeaways Fig. 15 Asia Pacific HVAC systems market - Key takeaways Fig. 16 South America HVAC systems market - Key takeaways Fig. 17 MEA HVAC systems market - Key takeaways
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