Global Hvac Market Bwc19280

Global HVAC Market, by HVAC Type (Heating [Furnaces, Heat Pumps, Boilers], Ventilation [Humidifiers/Dehumidifiers, Air Cleaners, Ventilation Fans], Cooling [Ducted Split/Packaged Unit, Split Units, Chillers]), by End-User (Commercial, Industrial and Residential), By Regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2015-2025
- Published Date: September 2019
- Report ID: BWC19280
- Available Format: PDF
- Page: 125
Report Overview
Global
HVAC Market: Overview
Global
HVAC market stood at USD 145 billion in 2018 and is projected to reach USD 183
billion by 2025 with a CAGR of 3.2%. HVAC stands for heating,
ventilation, and air conditioning. It is a technology of vehicular and indoor
environmental comfort. The goal of HVAC is to provide acceptable indoor air
quality and thermal comfort. Further, HVAC systems control the ambient
environment (humidity, temperature, air filtering, and airflow). The modern HVAC
controls systems work with the programmable controllers and computer programs
and maintain and monitor the air quality and temperature in buildings so that
people sitting inside can have healthy indoor air to breath and feel
comfortable. These systems provide automatically switch the humidity levels of
heating and cooling as per the requirement. HVAC systems made to provide
humidity control, and together humidifiers and dehumidifiers added as
selections to heating and cooling systems. Demand from people that live in very
dehydrated atmospheres or the tropics is higher owing to these add-ons to the
HVAC system. People favor installing a distinct humidifier or dehumidifier
systems so that they can control the humidity of their surroundings without
having to turn on the air conditioner. The advanced HVAC systems maintain the
vitality consumption of the building by freezing a substantial amount of water
overnight and provide about 6 hours of cooling in the coming day. Numerous
residential multiplexes and industries are substituting old HVAC systems with
new energy-efficient units for better performance, energy savings, and
expenditure reduction.
Global
HVAC Market forecast and trends
The global HVAC market stood
at USD billion in 2018 and is projected to reach USD billion by 2025. Rising
infrastructure and construction activities along with the focus on the adoption
of energy-efficient HVAC systems, is anticipated to fuel the demand for HVAC
across the globe in the coming years. Rising government initiatives worldwide
and expansion in the research and development activities by the leading
players. Additionally, the increasing temperature in various part of the globe
is reinforcing market growth.
Growth Drivers
Transformations in
technological capabilities
Increasing technological
advancements are strengthening the capabilities of HVAC systems and offer a
wide range of benefits to the customers. New air purifying technologies,
integrated HVAC systems, and wireless interface solution are generating huge
demand for HVAC across the globe.
Enhanced Indoor Air
Quality and Reduced Risk of Illnesses
Increasing temperature and
air pollution worldwide triggering diseases such as asthma or allergy symptoms,
leading to sore throats, rashes, and eye irritation. HVAC systems offer
improved air quality by continuously replacing the indoor air with fresh,
outdoor air, and comfort to prevent the risk of illness.
Restraints
High maintenance and
installation cost of HVAC systems
HVAC comprises of many systems including heating system, water heater, circulation pump boiler or controls, which further increase maintenance costs and also face the possible leakage problems. Installation of combined systems is costly and hard to operate, which hamper the growth of the market.
Global
HVAC Market: type analysis
Based on HVAC type, the HVAC
market characterized by heating, ventilation, and cooling. The heating segment
further divided into the Furnaces, Heat Pumps, Boilers, and Unitary Heaters.
Ventilation segment is subdivided into the Humidifiers/Dehumidifiers, Air
Cleaners, and Ventilation Fans. Cooling segmented is further bifurcated into
the Ducted Split/Packaged Unit, Split Units and Chillers. Cooling segment is
expected to register the highest market share in 2018 and estimated to reach
USD XXX billion by 2025. Increasing temperature and growing disposable income
have been the main drivers for the growing demand for HVAC systems across the
globe.
Global HVAC Market:
End-User analysis
Based on the End-user, the market bifurcated into the Commercial, Industrial, and Residential. Commercial is the leading end-user segment, primarily driven by the increasing number of workplaces and constructions and booming hospitality sector worldwide. Furthermore, enticements and allowances plans offered by several governments to encourage the use of energy-efficient units is estimated to strengthen the HVAC market growth. Additionally, renovation and innovative construction of domestic, commercial, or industrial buildings involve HVAC systems. These dynamics are anticipated to boost the market expansion during the forecast period.
Global
HVAC Market: Regional insights
Geographically, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific is the leading region owing to technological advancements such as IoT sensors, wireless control systems, and hybrid HVAC units, to offer optimal comfort with condensed vitality consumption. Many leading producers are capitalizing in Research and development activities to cultivate cost and energy-efficient components; which will fuel the product demand. Additionally, rising real estate sector across the region as a result of a growing population will also have a progressive impact on the growth of the market.
The objective of the Study:
To analyze and forecast the global HVAC market size of the market,
in terms of value.
To examine the careful market segmentation and forecast the market
size, in terms value, based on the region by segmenting the global HVAC market
into five regions, namely, North America, Europe, Asia Pacific, Middle East,
South America and their leading countries.
To outline, categorized and forecast the global HVAC market based
on the type and Application.
To examine competitive developments like technological
advancement, services, and regulative framework within the global HVAC Market.
To highlight the impact analysis of the factors, affecting the
market dynamics such as drivers, restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Scope of the Report
By HVAC Type
Heating
·
Furnaces
·
Heat
Pumps
· Boilers
Ventilation
·
Humidifiers/Dehumidifiers
·
Air
Cleaners
· Ventilation Fans
Cooling
·
Ducted
Split/Packaged Unit
·
Split
Units
· Chillers
By End-User
·
Commercial
·
Industrial
·
Residential
·
North
America
·
Europe
·
Asia
Pacific
·
Middle
East & Africa
·
Latin
America
·
Johnson Controls
International PLC
·
Daikin Industries Ltd
·
Gree Electric Appliances
·
Samsung Electronics Co. Ltd
·
Lennox International Inc.
·
LG Electronics Inc
·
Danfoss
·
Carrier
Corporation
·
Mitsubishi
Electric Corporation
·
Haier
· Other Prominent Players
Business
Questions answer by the report
·
How will the market drivers, restraints and opportunities affect
the market dynamics?
·
What will be the market size in terms of value and volume and
market statistics with a detailed classification?
·
Which segment dominates the market or region and one will be the
fastest growing and why?
·
A comprehensive survey of the competitive landscape and the market
participant players
·
Analysis of strategy adopted by the key player and their impact on
other players.
Customization
Scope for the Client
Client satisfaction is our first and last
priority and that’s why BlueWeave Consulting offers customization according to
Company’s specific needs. The following customization options are available for
the report:
Additional
Company Information
·
With five
additional company detail analysis
·
Additional
country analysis
·
Detailed segment
analysis
1. Research Framework
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents, By Industry Participants
2.5. Market
Size Estimation
2.6. Assumption
for the Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global HVAC Market - Industry Insights
4.1. Industry
Impact and Forces
4.1.1.
Growth Drivers
4.1.2.
Challenges
4.1.3.
Opportunities
4.2. Competitor
Analysis, 2018
4.2.1.
Company Shares
4.3. Industry
Value Chain
4.4. Regulatory
Framework
4.5. Porter
Five Forces
4.6. Strategic
Outlook
4.7. Technological
Landscape
5. Global HVAC Market Overview
5.1. Market
Size & Forecast
5.1.1.
By Value (USD)
5.2. Market
Share & Forecast
5.2.1.
By HVAC Type
5.2.1.1.
Heating
5.2.1.1.1.
Furnaces
5.2.1.1.2.
Heat Pumps
5.2.1.1.3.
Boilers
5.2.1.2.
Ventilation
5.2.1.2.1.
Humidifiers/Dehumidifiers
5.2.1.2.2.
Air Cleaners
5.2.1.2.3.
Ventilation Fans
5.2.1.3.
Cooling
5.2.1.3.1.
Ducted Split/Packaged Unit
5.2.1.3.2.
Split Units
5.2.1.3.3.
Chillers
5.2.2.
By End-User
5.2.2.1.
Commercial
5.2.2.2.
Industrial
5.2.2.3.
Residential
5.2.3.
By Region
5.2.3.1.
North America
5.2.3.2.
Europe
5.2.3.3.
Asia Pacific
5.2.3.4.
Latin America
5.2.3.5.
Middle East and Africa
6. North America HVAC Market
6.1. Key
Regional Trends
6.2. Market
estimates & forecast
6.2.1.
By HVAC Type
6.2.2.
By End-User
6.2.3.
By Country
6.2.3.1.
U.S
6.2.3.2.
Canada
7. Europe HVAC Market
7.1. Key
Regional Trends
7.2. Market
estimates & forecast
7.2.1.
By HVAC Type
7.2.2.
By End-User
7.2.3.
By Country
7.2.3.1.
Germany
7.2.3.2.
U.K
7.2.3.3.
France
7.2.3.4.
Italy
8. Asia Pacific HVAC Market
8.1. Key
Regional Trends
8.2. Market
estimates & forecast
8.2.1.
By HVAC Type
8.2.2.
By End-User
8.2.3.
By Country
8.2.3.1.
China
8.2.3.2.
India
8.2.3.3.
Japan
9. Latin America HVAC Market
9.1. Key
Regional Trends
9.2. Market
estimates & forecast
9.2.1.
By HVAC Type
9.2.2.
By End-User
9.2.3.
By Country
9.2.3.1.
Brazil
9.2.3.2.
Argentina
10. Middle East & Africa HVAC Market
10.1.
Key Regional Trends
10.2.
Market estimates & forecast
10.2.1. By
HVAC Type
10.2.2. By
End-User
10.2.3. By
Country
10.2.3.1.
Saudi Arabia
10.2.3.2.
UAE
11. Company Profiles
11.1.
Lennox International Inc.
11.1.1. Company
Overview
11.1.2. Financial
Matrix
11.1.3. Key
Product landscape
11.1.4. Key
Personnel
11.1.5. Key
Competitors
11.1.6. SWOT
11.1.7. Contact
Address
11.1.8. Strategic
Outlook
11.2.
Johnson Controls International PLC
11.3.
Daikin Industries Ltd
11.4.
Gree Electric Appliances
11.5.
Samsung Electronics Co. Ltd
11.6.
LG Electronics Inc
11.7.
Danfoss
11.8.
Carrier Corporation
11.9.
Mitsubishi Electric Corporation
11.10.
Haier
11.11.
Other Prominent Players
12. Strategic Recommendation
*Financial
Details Not Be Captured in Case of Unlisted Companies
**The
segmentation and the companies are subjected to modifications based on in-depth
secondary for the final deliverable
Market Segmentation
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