The report states that the global HVAC equipment market is expected to rise at a sturdy 6.2% CAGR from 2014 to 2022, expanding from a 2013 value of US$91.3 bn to a projected US$155.1 bn in 2022.
The report details the major driving and restraining factors acting on the global HVAC equipment market and projects their impact on the market in the 2014-2022 forecast period. The report also examines the various regulatory standards governing the development of the HVAC equipment industry. The competitive landscape of the global HVAC equipment industry is also thoroughly detailed, with major players in the industry profiled and the competitive dynamics analyzed with the help of Porter’s five forces analysis.
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Global HVAC Equipment Market to be Shaped by Environmental Regulations, to Exhibit 6.2% CAGR 2014-2022
1. Global HVAC Equipment Market to be Shaped by
Environmental Regulations, to Exhibit 6.2% CAGR 2014-
2022
Published By:
Transparency Market
Research
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2. Report Description
Heating, Ventilation, and Air Conditioning (HVAC) equipment implement heating or cooling for
residential, industrial or commercial buildings. The HVAC systems also provide fresh outdoor
air to remove interior airborne contaminants such as volatile organic compounds and odors
emitted from interior furnishings or various cleaning chemicals among others. The HVAC
equipment are anticipated to penetrate into both residential and commercial market
segments in the coming years. The industrial segment is another key segment that is expected
to witness moderate growth over the forecast period.
Key factors driving the global HVAC equipment market include rising urbanization, increase in
new households and average construction spending, and rise in disposable income. Another
key driver of this market is the growing demand from commercial segment and high growth
and demand for HVAC products in the Asia Pacific region.
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3. Scope
The global HVAC Equipment market is segmented by equipment type, end-use application and
geography. The market by equipment type is segmented into heating, air conditioning and
ventilation. The heating equipment further studied include heat pumps, furnaces, unitary
heaters and boilers whereas the air conditioning equipment include room air conditioners,
unitary air conditioners and, coolers and others. The ventilation systems are further
segmented into ventilation fans/air pumps and humidifiers/dehumidifiers.
The market by end-use application is segmented into residential, commercial and industrial
sector. The market size and forecasts in terms of revenue (US$ Bn) for each of these segments
have been provided for the period 2012 to 2022, considering 2012 and 2013 as the base
years. The report also provides compounded annual growth rate (CAGR) for each segment of
the market for the forecast period from 2014 to 2022. Geographically, the HVAC Equipment
market has been segmented into five regions, namely, North America, Europe, Asia-Pacific,
Middle East and Africa (MEA) and Latin America.
4. Key Players
Some of the key manufacturers of HVAC equipment include Daikin Industries Ltd., Carrier
Corporation, Haier Ltd., Samsung Electronics, Panasonic Corporation, Lennox International
Inc., AB Electrolux and LG Corporation among others.
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