South Africa Hvac Market
South Africa HVAC Market, By Offering (Equipment, Service); By Implementation Type (New Constructions, Retrofits); By End User (Residential, Commercial, Industrial), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: August 2023
- Report ID: BWC23641
- Available Format: PDF
- Page: 200
Report Overview
A spurring demand for energy-efficient HVAC systems and integration of smart HVAC systems are expected to boost the growth of South Africa HVAC market during the forecast period between 2023 and 2029.South Africa HVAC Market - Industry Trends & Forecast Report, 2029
South Africa HVAC market size was estimated to be worth USD 1.05 billion in 2022. During the forecast period between 2023 and 2029, the South Africa HVAC market size is projected to grow at a CAGR of 5.28%, reaching a value of USD 1.43 billion by 2029. Major growth factors for the South Africa HVAC market include its underdeveloped nature compared to other countries, which provides opportunities for HVAC system penetration. Furthermore, rising demand for energy-efficient systems among residential, industrial, and commercial buildings is anticipated to drive the South Africa HVAC market during the forecast period.
South Africa HVAC Market – Overview
Heating, ventilation, and air conditioning, or HVAC, is a system for maintaining and controlling the temperature, humidity, and purity of the air in a room or enclosed space. These systems are used in a wide range of commercial, residential, and industrial facilities, such as family homes, apartments, hotels, hospitals, trains, airplanes, ships, etc. Ventilation is a very important aspect of HVAC as it helps in maintaining indoor air quality, which involves the removal of moisture, odors, smoke, and dust, temperature control, and oxygen replenishment.
South Africa HVAC Market
Growth Drivers
Rising Demand For Energy-Efficient HVAC Systems
Energy usage for electric heating and cooling systems may be cut by 50% by replacing it with equipment that is more energy efficient. The HVAC industry is adopting smart technology to achieve greater energy efficiency. These cutting-edge gadgets provide precise scheduling and temperature control, maximizing energy efficiency. They also include capabilities such as learning algorithms and remote access. Smart HVAC systems enable users to change settings depending on occupancy patterns, weather conditions, and personal preferences, increasing comfort while reducing energy waste.
Restraints
High Installation and Maintenance Costs of HVAC Systems
The installation and maintenance of HVAC systems are expensive since They entail robust, intricate machinery like furnaces, central air conditioners, and ductwork that runs throughout the house’s interior framework. This significantly hinders the expansion of the market.
Impact of COVID-19 on South Africa HVAC Market
The unprecedented COVID-19 pandemic negatively impacted the growth of the South Africa HVAC market. According to the International Food Policy Research Institute, the South African economy witnessed a 5 percent decline in its GDP by the end of 2020. Additionally, according to Statistics South Africa (2020), the unemployment rate increased from 23.3% to 30.0% in the third quarter of 2020, making it the highest rate recorded since 2008. This significant decline in the average disposable income of consumers or families directly resulted in slow demand for the HVAC system, particularly in the residential segment.
South Africa HVAC Market
Segmental Coverage
South Africa HVAC Market – By Offering
Based on offering, the South Africa HVAC market is split into equipment and service segments. The equipment segment is further classified into heating, ventilation, and cooling. The services segment is also classified into upgrade/replacement, maintenance and repair, installation, and consulting. Equipment accounts for the highest market share. Heating and cooling equipment, such as air conditioners, has strong demand in the South African market owing to the country’s subtropical and temperate climate conditions.
South Africa HVAC Market – By Implementation Type
Based on implementation type, the South Africa HVAC market is bifurcated into new construction and retrofits segments. New construction accounts for the largest share of the South Africa HVAC market, owing to the rising construction of residential complexes as well as industries and commercial facilities for economic development. The retrofits also cover a substantial market share owing to the increasing developments in HVAC technologies and the rising penetration of smart home equipment equipped with technologies such as sensors.
South Africa HVAC Market – By End User
Based on end user, the South Africa HVAC market is segmented into residential, commercial, and industrial. The residential segment dominates the South Africa HVAC market owing to government projects and investments in construction of residential complexes. According to the official website of the South African Government, A total of ZAR 4 billion worth of projects has already been finished by January 2023, which included the construction of new human settlements in Gauteng.
Competitive Landscape
Major players operating in the South Africa HVAC market include Legend HVAC (Pty) Ltd, Kwikot Manufacturing Ltd, Daikin Air-Conditioning South Africa (Pty) Ltd, Econo Heat Energy Efficient Appliances (Pty) Ltd, Rapid Allweiler Pumps (Pty) Ltd, Samsung Electronics, LG Electronics, Daikin Industries Ltd, Midea Group Co. Ltd, and Whirlpool Corporation.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In January 2023, JOHN Thompson, a global HVAC solutions provider, expanded its products and services, which include industrial heating, ventilation, and air conditioning (HVAC) systems.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Billion |
Product/ Service Segmentation |
Offering, Implementation Type, End User |
Key Players |
Legend HVAC (Pty) Ltd, Kwikot Manufacturing Ltd, Daikin Air-Conditioning South Africa (Pty) Ltd, Econo Heat Energy Efficient Appliances (Pty) Ltd, Rapid Allweiler Pumps (Pty) Ltd, Samsung Electronics, LG Electronics, Daikin Industries Ltd, Midea Group Co Ltd, Whirlpool Corporation |
By Offering
- Equipment
1. Heating
- Heat Pumps
1. Air-source
2. Water-source
3. Ground-source
- Furnaces
- Gasoline
- Propane
- Electric
- Boilers
1. Water-tube
2. Fire-tube
- Unitary heaters
2. Ventilation
- Air-Handling Units (AHUs)
1. Terminal units
2. Makeup air units
- Ventilation Fans
1. Centrifugal fans
2. Axial fans
3. Domestic exhaust fans
4. Power roof fans
- Fan Coil Units (FCUs)
1. Two-pipe
2. Four-pipe
- Humidifiers/dehumidifiers
- Air cleaners
1. Type 1: High-efficiency particulate air (HEPA) + carbon
2. Type 2: HEPA + carbon + ionizer
3. Type 3: HEPA + carbon + ultraviolet (UV)
4. Type 4: HEPA + carbon + ionizer + UV
5. Type 5: Other technologies
3. Cooling
- Room air conditioners (ACS)
1. Mini splits
2. Window ACs
- Split units
- Ducted splits
1. Water-cooled condensers
2. Air-cooled condensers
- Packaged units
1. Water-cooled condensers
2. Air-cooled condensers
- Variable refrigerant flow (VRF) systems
1. Heat Pump Systems
2. Heat Recovery Systems
- Chillers
- Centrifugal
- Screw
- Scroll
- Absorption
- Reciprocating
- Service
- Upgradation/replacement
- Maintenance and repair
- Installation
- Consulting
By Implementation Type
- New Constructions
- Retrofits
By End User
- Residential
- Commercial
- Industrial
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- South Africa HVAC Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising Demand For Energy-Efficient HVAC Systems
- Integration of Smart HVAC Systems
- Restraints
- Lack Of Skilled Professionals
- High Cost of Installation and Maintenance
- Opportunities
- Growing Tourism and Hospitality Sector
- Retrofitting and Upgrades
- Challenges
- Economic Uncertainty
- Competition and Market Saturation
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- South Africa HVAC Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Offering
- Equipment
- Heating
- Heat Pumps
- Air-source
- Water-source
- Ground-source
- Furnaces
- Gasoline
- Propane
- Electric
- Boilers
- Water-tube
- Fire-tube
- Unitary heaters
- Heat Pumps
- Ventilation
- Air-Handling Units (AHUs)
- Terminal units
- Makeup air units
- Ventilation Fans
- Centrifugal fans
- Axial fans
- Domestic exhaust fans
- Power roof fans
- Fan Coil Units (FCUs)
- Two-pipe
- Four-pipe
- Humidifiers/dehumidifiers
- Air cleaners
- Type 1: High-efficiency particulate air (HEPA) + carbon
- Type 2: HEPA + carbon + ionizer
- Type 3: HEPA + carbon + ultraviolet (UV)
- Type 4: HEPA + carbon + ionizer + UV
- Type 5: Other technologies
- Air-Handling Units (AHUs)
- Cooling
- Room air conditioners (ACS)
- Mini splits
- Window ACs
- Split units
- Ducted splits
- Water-cooled condensers
- Air-cooled condensers
- Packaged units
- Water-cooled condensers
- Air-cooled condensers
- Variable refrigerant flow (VRF) systems
- Heat Pump Systems
- Heat Recovery Systems
- Chillers
- Centrifugal
- Screw
- Scroll
- Absorption
- Reciprocating
- Room air conditioners (ACS)
- Heating
- Service
- Upgradation/replacement
- Maintenance and repair
- Installation
- Consulting
- Equipment
- By Implementation Type
- New Constructions
- Retrofits
- By End User
- Residential
- Commercial
- Industrial
- By Offering
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Range
- South Africa HVAC Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Covid-19 on South Africa HVAC Market Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
- Legend HVAC (Pty) Ltd
- Kwikot Manufacturing Ltd
- Daikin Air-Conditioning South Africa (Pty) Ltd
- Econo Heat Energy Efficient Appliances (Pty) Ltd
- Rapid Allweiler Pumps (Pty) Ltd
- Samsung Electronics
- LG Electronics
- Daikin Industries Ltd
- Midea Group Co. Ltd
- Whirlpool Corporation
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 South Africa HVAC Market Segmentation
Figure 2 South Africa HVAC Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 South Africa HVAC Market Size, By Value (USD Billion), 2019–2029
Figure 5 South Africa HVAC Market Share, By Offering, By Value, 2019–2029
Figure 6 South Africa HVAC Market Share, By Implementation Type, By Value, 2019–2029
Figure 7 South Africa HVAC Market Share, By End-User, By Value, 2019–2029
List of Tables
Table 1 South Africa HVAC Market Size, By Offering, By Value, 2019−2029
Table 2 South Africa HVAC Market Size, By Implementation Type, By Value, 2019−2029
Table 3 South Africa HVAC Market Size, By End-User, By Value, 2019−2029
Table 4 Legend HVAC (Pty) Ltd Company Overview
Table 5 Legend HVAC (Pty) Ltd Financial Overview
Table 6 Kwikot Manufacturing Ltd Company Overview
Table 7 Kwikot Manufacturing Ltd Financial Overview
Table 8 Daikin Air-Conditioning South Africa (Pty) Ltd Company Overview
Table 9 Daikin Air-Conditioning South Africa (Pty) Ltd Financial Overview
Table 10 Econo Heat Energy Efficient Appliances (Pty) Ltd Company Overview
Table 11 Econo Heat Energy Efficient Appliances (Pty) Ltd Financial Overview
Table 12 Rapid Allweiler Pumps (Pty) Ltd Company Overview
Table 13 Rapid Allweiler Pumps (Pty) Ltd Financial Overview
Table 14 Samsung Electronics Company Overview
Table 15 Samsung Electronics Financial Overview
Table 16 LG Electronics Company Overview
Table 17 LG Electronics Financial Overview
Table 18 Daikin Industries Ltd Company Overview
Table 19 Daikin Industries Ltd Financial Overview
Table 20 Midea Group Co Ltd Company Overview
Table 21 Midea Group Co Ltd Financial Overview
Table 22 Whirlpool Corporation Company Overview
Table 23 Whirlpool Corporation Financial Overview
Market Segmentation
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