Lucintel forecasts that room AC is expected to show above average growth during the forecast period of 2017 to 2022 due to urbanization and increasing disposable income in emerging economies like China and India. #HVACEquipmentMarket

1. Global HVAC Equipment Market 2017-2022: Trends,
Forecast, and Opportunity Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Product
Type
Furnace, heat pump, central AC, room AC and others
Market Segments by End User Residential, office, retail, hospitality, education, healthcare and others
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Gree Electric Appliances, GD Midea group, Daikin Industries, Ingersoll Rand
Plc, and UTC (United Technology and Corporation).
Trend Growth Rate and CAGR 4.9%
Key Industry Forecast
The global HVAC equipment market is expected to reach an estimated
$120.6 billion by 2022 and it is forecast to grow at a CAGR of 4.9% from
2017 to 2022.
Key Industry Driver
Driver: Increasing disposable income, rapidly increasing construction
activities in developing economies, and changing climate conditions.
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3. Industry Overview
Market Size
• The global HVAC equipment market is
expected to reach an estimated $120.6
billion by 2022 and it is forecast to grow at
a CAGR of 4.9% from 2017 to 2022.
• Emerging trends, which have a direct impact
on the dynamics of the market, include the
increasing usage of green HVAC, increasing
usage of air purification technology, and
increasing usage of smart thermostat.
Market Size (2022) $120.6 billion
CAGR (2017-22) 4.9%
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Industry Performance : Forecast