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Global Heating, Ventilation & Air Conditioning (HVAC) Market Report: Insights, Trends and Forecast (2019-2023)

Published By :

Koncept Analytics

Published Date : Aug 2019

Category :

Semiconductors

No. of Pages : 117 Pages

The global heating, ventilation and air conditioning market is estimated to reach US$201.4 billion in 2023, growing at a CAGR of 6.72% for the period spanning 2018-2023. The growth of the market has been driven by the rising global population, increasing construction activities, intensifying annual mean temperature, escalating e-commerce retail sales and upsurge in economic growth. However, growth of the market would be challenged by an increase in raw material prices, data infrastructure security system and economic and political events. Some of the noteworthy trends of the market include growing smart thermostat market, advancements in technological innovations and adaption of sustainable building designs.

The global heating, ventilation and air conditioning market can be segmented into two broad segments: HVAC Equipment and Aftermarket & Services. The equipment segment is comprised of two key segments, i.e., Commercial and Residential Equipment. In 2018, the equipment segment was the dominant segment because of the driving factors such as increasing emergence of HVAC equipment manufacturers and favourable government regulations in the market.

The fastest-growing regional market in the Americas owing to an increasing trend of adopting sustainable HVAC systems by the American population and commencement of HVAC system manufacturing in various domestic consumer electrical companies. Asia Pacific represents one of the largest HVAC markets and is already well-penetrated at developed market levels because of the growing construction activities in countries such as China and India and high imports of air conditioning and ventilation appliances by the Asia Pacific countries.

Scope of the Report:

  • The report provides a comprehensive analysis of the global heating, ventilation and air conditioning market, segmented into Equipment and Aftermarket and services segments. 
  • The major regional markets (the Asia Pacific and the Americas) have been analyzed, along with country coverage of the U.S.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth. 
  • The competitive landscape of the market, along with the company profiles of leading players (Daikin Industries, Ltd., United Technologies Corporation (Carrier), Ingersoll-Rand Plc (Trane), Johnson Controls International Plc (York), Lennox International Inc. and Honeywell International Inc.) are also presented in detail.

Key Target Audience:

  • Heating, Ventilation and Air Conditioning Manufacturers
  • Component & Technology Suppliers
  • End Users (Residential, Commercial and Industrial Buildings)
  • Consulting Firms 
  • Investment Banks
  • Government Bodies & Regulating Authorities.

Table of Content

1. Heating, Ventilation and Air Conditioning (HVAC) Overview
1.1 Introduction
1.2 Types of HVAC Equipment
1.3 Components of HVAC
1.4 HVAC Value Chain

2. Global Heating, Ventilation and Air Conditioning (HVAC) Market
2.1 HVAC Market Value Forecast 
2.2 HVAC Market Energy Consumption by Appliances 
2.3 HVAC Market Value by Type
2.3.1 Global HVAC Equipment Market by Value 
2.3.2 Global HVAC Equipment Market Forecast by Value 
2.3.3 Global HVAC Equipment Market Value by Type 
2.3.4 Global Commercial HVAC Equipment Market by Value
2.3.5 Global Commercial HVAC Equipment Market Forecast by Value
2.3.6 Global Commercial HVAC Equipment Market Value by Type 
2.3.7 Global Commercial Ductless HVAC Equipment Market Forecast by Value
2.3.8 Global Commercial Applied HVAC Equipment Market Forecast by Value
2.3.9 Global Residential HVAC Equipment Market by Value
2.3.10 Global Residential HVAC Equipment Market Forecast by Value
2.3.11 Global Residential HVAC Equipment Market Value by Type 
2.3.12 Global Residential Ductless/Window HVAC Equipment Market Forecast by Value
2.3.13 Global Residential Ducted/Unitary HVAC Equipment Market Forecast by Value
2.3.14 Global Residential HVAC Equipment Market by Volume 
2.3.15 Global Residential HVAC Equipment Market Forecast by Volume 
2.3.16 Global HVAC Aftermarket & Services Market Forecast by Value
2.3.17 Global HVAC Aftermarket & Services Market Value by Type
2.4 HVAC Market Value by Region

3. Regional Heating, Ventilation and Air Conditioning (HVAC) Market
3.1 Asia Pacific
3.1.1 Asia Pacific HVAC Market Forecast by Value
3.2 The Americas
3.2.1 The Americas HVAC Market Forecast by Value
3.2.2 North America HVAC Equipment Market Forecast by Value
3.2.3 North America HVAC Equipment Market Value by Type
3.2.4 North America Residential HVAC Equipment Market Forecast by Value
3.2.5 North America Commercial HVAC Equipment Market Forecast by Value
3.2.6 The U.S. HVAC Equipment Market Forecast by Value
3.2.7 The U.S. HVAC Equipment Market Value by Type
3.2.8 The U.S. Commercial HVAC Equipment Market Forecast by Value
3.2.9 The U.S. Commercial HVAC Equipment Market Value by Type
3.2.10 The U.S. Commercial Unitary HVAC Equipment Market Forecast by Value
3.2.11 The U.S. Commercial Applied HVAC Equipment Market Forecast by Value
3.2.12 The U.S. Residential HVAC Equipment Market Forecast by Value

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Growing Global Population
4.1.2 Increasing Construction Activities
4.1.3 Emerging Home Automation Market
4.1.4 Intensifying Annual Mean Temperature
4.1.5 Upsurge in Economic Growth 
4.1.6 Escalating E-Commerce Retail Sales
4.2 Key Trends and Developments
4.2.1 Growing Smart Thermostat Market
4.2.2 Surging Demand for Invertor Air Conditioner (AC) in China
4.2.3 Growing HVAC Replacement Demand in the U.S.
4.2.4 Advancements in Technological Innovations
4.2.5 Adoption of Sustainable Building Designs
4.3 Challenges
4.3.1 Raw Materials Prices
4.3.2 Increasing Government Regulations
4.3.3 Data Infrastructure System Security
4.3.4 Retail Consolidations
4.3.5 Economic and Political Events

5. Competitive Landscape
5.1 Global HVAC Market
5.1.1 Revenue and Market Cap Comparison
5.1.2 R&D Comparison of Key Players 
5.1.3 Global HVAC Equipment Market Share by Company
5.1.4 Global Residential Unitary HVAC Equipment Market Share by Company 
5.1.5 Global Commercial Unitary HVAC Equipment Market Share by Company 
5.1.6 Global Commercial Applied HVAC Equipment Market Share by Company 
5.1.7 Global HVAC Aftermarket & Services Market Share by Company
5.2 North America HVAC Market
5.2.1 North America HVAC Equipment Market Share by Company

6. Company Profiles
6.1 Daikin Industries, Ltd.
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 United Technologies Corporation (Carrier)
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 Ingersoll-Rand Plc (Trane)
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 Johnson Controls International Plc (York)
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 Lennox International Inc. 
6.5.1 Business Overview
6.5.2 Financial Overview
6.5.3 Business Strategies
6.6 Honeywell International Inc. 
6.6.1 Business Overview
6.6.2 Financial Overview
6.6.3 Business Strategies

List of Table

Components of HVAC
The U.S. HVAC Replacement Rate (2014-2018)
Key Players - Revenue & Market Cap Comparison (2018)

List of Chart

Types of HVAC Appliances
Types of HVAC Equipment
HVAC Value Chain
Global HVAC Market Forecast by Value (2018-2023)
HVAC Market Energy Consumption by Appliances (2018)
Global HVAC Market Value by Type (2018)
Global HVAC Equipment Market by Value (2014-2018)
Global HVAC Equipment Market Forecast by Value (2019-2023)
Global HVAC Equipment Market Value by Type (2018)
Global Commercial HVAC Equipment Market by Value (2014-2018)
Global Commercial HVAC Equipment Market Forecast by Value (2019-2023)
Global Commercial HVAC Equipment Market Value by Type (2018)
Global Commercial Ductless HVAC Equipment Market Forecast by Value (2018-2023)
Global Commercial Applied HVAC Equipment Market Forecast by Value (2018-2023)
Global Residential HVAC Equipment Market by Value (2014-2018)
Global Residential HVAC Equipment Market Forecast by Value (2019-2023)
Global Residential HVAC Equipment Market Value by Type (2018)
Global Residential Ductless/Window HVAC Equipment Market Forecast by Value (2018-2023)
Global Residential Ducted/Unitary HVAC Equipment Market Forecast by Value (2018-2023)
Global Residential HVAC Equipment Market by Volume (2014-2018)
Global Residential HVAC Equipment Market Forecast by Volume (2019-2023)
Global HVAC Aftermarket & Services Market Forecast by Value (2018-2023)
Global HVAC Aftermarket & Services Market Value by Type (2018)
Global HVAC Market Value by Region (2018)
Asia Pacific HVAC Market Forecast by Value (2018-2023)
The Americas HVAC Market Forecast by Value (2018-2023)
North America HVAC Equipment Market Forecast by Value (2018-2023)
North America HVAC Equipment Market Value by Type (2018)
North America Residential HVAC Equipment Market Forecast by Value (2018-2023)
North America Commercial HVAC Equipment Market Forecast by Value (2018-2023)
The U.S. HVAC Equipment Market Forecast by Value (2018-2023)
The U.S. HVAC Equipment Market Value by Type (2018)
The U.S. Commercial HVAC Equipment Market Forecast by Value (2018-2023)
The U.S. Commercial HVAC Equipment Market Value by Type (2018)
The U.S. Commercial Unitary HVAC Equipment Market Forecast by Value (2018-2023)
The U.S. Commercial Applied HVAC Equipment Market Forecast by Value (2018-2023)
The U.S. Residential HVAC Equipment Market Forecast by Value (2018-2023)
Global Population (2014-2018)
Global Construction Expenditure (2014-2018)
Global Home Automation Market (2017-2022)
Global Annual Mean (Land-Ocean Temperature Index) (2014-2018)
Global GDP Per Capita (2014-2018)
Escalating E-Commerce Retail Sales (2014-2018)
Global Smart Thermostat Market (2014-2018)
China Air Conditioner (AC) Market (2014-2018)
Global Average Copper Prices (2014-2018)
Global Average Iron Ore Prices (2014-2018)
R&D Comparison of Key Players (2017-2018)
Global HVAC Equipment Market Share by Company (2018)
Global Residential Unitary HVAC Equipment Market Share by Company (2018)
Global Commercial Unitary HVAC Equipment Market Share by Company (2018)
Global Commercial Applied HVAC Equipment Market Share by Company (2018)
Global HVAC Aftermarket & Services Market Share by Company (2018)
North America HVAC Equipment Market Share by Company (2018)
Daikin Industries, Ltd. Net Sales and Net Income (2014-2018)
Daikin Industries, Ltd. Net Sales by Segments (2018)
Daikin Industries, Ltd. Net Sales by Region (2018)
United Technologies Corporation (Carrier) Net Sales and Net Income (2014-2018)
United Technologies Corporation (Carrier) Net Sales by Segments (2018)
United Technologies Corporation (Carrier) Net Sales by Region (2018)
Ingersoll-Rand Plc (Trane) Net Revenues and Net Earnings (2014-2018)
Ingersoll-Rand Plc (Trane) Net Revenue by Segments (2018)
Ingersoll-Rand Plc (Trane) Net Revenue by Region (2018)
Johnson Controls International Net Sales and Net Income (2014-2018)
Johnson Controls International Plc Net Sales by Segments (2018)
Johnson Controls International Net Sales by Region (2018)
Lennox International Inc. Revenue and Net Income (2014-2018)
Lennox International Inc. Revenue by Segments (2018)
Lennox International Inc. Revenue by Region (2018)
Honeywell International Inc. Net Sales and Net Income (2014-2018)
Honeywell International Inc. Net Sales by Segments (2018)
Honeywell International Inc. Net Sales by Region (2018)

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