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HVAC Equipment Market

HVAC Equipment Market Analysis- By Heating Equipment - By Cooling equipment - By Ventilation equipment - By Components - By End-user - By Region - Market Size, Share and Forecast to 2025

  • ID : 9089928  |  
  • Published : Nov-2017  |  
  • Region : Global  |  
  • Pages : 163   |  
  • Publisher : 9Dimen Research

HVAC Equipment Market Overview:

The global HVAC equipment market was valued at USD 94.69 billion in 2017, and is expected to reach a value of USD 127.02 billion by 2025, at a CAGR of 5%, during the forecast period (2018-2025). The increase in population has opened new avenues for the global market for HVAC equipment. Regions such as Asia-Pacific are experiencing rapid growth in the number of residential properties, with China and India steering the wheel. The largest producer of HVAC equipment is China. It is strongly influenced by the increase in construction costs and industrialization.

HVAC Equipment Market Drivers and Challenges:

 The latest technological advances have contributed to the development of new HVAC equipment in the residential segment around the world. This can make global processes more efficient and greatly improve accuracy in various applications. A growing number of housing units are opening new spaces for HVAC equipment installations. The residential segment is expected to grow at a faster pace and air conditioner factories have been able to increase their revenues in Asia-Pacific due to the increase in atmospheric temperature in the region. Alternative converters are expected to be adopted more widely in India as the region faces a shortage of electricity; even cities regularly experience power cuts. All these factors provide and create an impact in the residential market.

The environmental concerns raised by the use of HVAC systems pose a threat to the market. Energy efficiency has become the starting point of global initiatives to place HVAC equipment under critical radar. However, the search to achieve the importance of infrastructure and add comfort to people's lifestyles is expected to continue supporting the demand. Smart homes are now preferred by a large part of the population that are financially stable. In addition, HVAC energy efficiency equipment should also create laudable opportunities in the market.

Geographical insights of HVAC Equipment Market:

This trend is more evident in developed markets in North America and Europe. As a result, the two regions are growing at a similar pace, with Europe falling slightly behind. However, the Asia-Pacific region, due to its scale and rapid adoption, is expected to remain the largest geographic market throughout the forecast period.

Prominent Players Covered in this HVAC Equipment Market Report are:

  • United Technologies Corporation

  • Daikin Industries. Ltd.

  • Haier Inc.
  • Samsung Electronics
  • Panasonic Corporation
  • Lennox International Inc.
  • Electrolux AB
  • LG Corporation
  • Emerson Electric Company
  • Danfoss A/S and Honeywell International Inc.

HVAC Equipment Market – Detailed Segmentation Analysis:

HVAC Equipment Market - By Heating Equipment

  • Heat pumps
  • Warm Air Furnaces
  • Boilers
  • Space heaters

HVAC Equipment Market – By Cooling equipment

  • Air Conditioners

  • Evaporative Coolers

  • Cooling Towers

HVAC Equipment Market - By Ventilation equipment

  • Duct fans

  • Draft inducers

  • Dehumidifying coils
  • Air purifiers

HVAC Equipment Market - By Components

  • Compressors

  • Condensers

  • Centrifugal pumps

HVAC Equipment Market - By End-user

  • Food and Beverages

  • Automotive industry

  • Healthcare industry
  • Residential and commercial buildings

HVAC Equipment Market - By Regions

  • North America

  • Europe

  • Asia Pacific
  • Latin America
  • Middle East & Africa


The increase in population and the demand for energy efficient smart homes has opened new avenues for the global market for HVAC equipment. The environmental concerns raised by the use of HVAC systems pose a threat to the market. The Asia-Pacific region, due to its scale and rapid adoption, is expected to remain the largest geographic market throughout the forecast period.

Table of Contents:

  1. Introduction                                                                      
  2. Research Methodology                                                                   

    1. Analysis Design                                             

      1. Research Phases                                                            
      2. Secondary Research                                  
      3. Primary Research                                      
      4. Expert Validation                                       

    2. Study Timeline                                                

  3. Overview                                                                         

    1. Executive Summary                                                      
    2. Key Inferences                                                
    3. New Developments                                                      

  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                             

    1. HVAC Equipment Market Drivers                                                
    2. HVAC Equipment Market Restraints                                                         
    3. Key Challenges                                               
    4. Current Opportunities in the HVAC Equipment Market

  5. HVAC Equipment Market Segmentation                                                                    

    1. By Heating Equipment

      1. Heat pumps
      2. Warm Air Furnaces
      3. Boilers
      4. Space heaters

    2. By Cooling equipment

      1. Air Conditioners
      2. Evaporative Coolers
      3. Cooling Towers

    3. By Ventilation equipment

      1. Duct fans
      2. Draft inducers
      3. Dehumidifying coils
      4. Air purifiers

    4. By Components

      1. Compressors
      2. Condensers
      3. Centrifugal pumps

    5. By End-user

      1. Food and Beverages
      2. Automotive industry
      3. Healthcare industry
      4. Residential and commercial buildings

  6. Geographical Analysis                                                                    

    1. North America

      1. U.S
      2. Canada
      3. Mexico

    2. Europe

      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Rest of Europe

    3. Asia-Pacific

      1. Japan
      2. China
      3. Australia
      4. India
      5. South Korea
      6. Rest of Asia-Pacific

    4. Rest of the World

      1. Brazil
      2. South Africa
      3. Saudi Arabia
      4. Turkey
      5. United Arab Emirates
      6. Others

  7. Strategic Analysis                                                            

    1. PESTLE analysis                                             

      1. Political                                     
      2. Economic                                   
      3. Social                                          
      4. Technological                             
      5. Legal                                           
      6. Environmental                                            

    2. Porter’s five analysis                                                    

      1. Bargaining Power of Suppliers                                  
      2. Bargaining Power of Consumers                               
      3. Threat of New Entrants                             
      4. Threat of Substitute Products and Services                               
      5. Competitive Rivalry within the Industry          

    3. Supply Chain Analysis

      1. Raw Material Suppliers
      2. Manufacturers/Producers
      3. Distributors/Retailers/Wholesalers/E-Commerce
      4. End Users

  8. HVAC Equipment Market Leaders' Analysis      

    1. United Technologies Corporation

      1. Product Analysis                                        
      2. Strategic Evaluation and Operations                                          
      3. Financial analysis                                        
      4. Legal issues                                
      5. Recent Developments                               
      6. SWOT analysis                                            
      7. Analyst View      

    2. Daikin Industries. Ltd.
    3. Haier Inc.
    4. Samsung Electronics
    5. Panasonic Corporation
    6. Lennox International Inc.
    7. Electrolux AB
    8. LG Corporation
    9. Emerson Electric Company
    10. Danfoss A/S and Honeywell International Inc.

  9. Competitive Landscape                                                                   

    1. HVAC Equipment Market share analysis                                                    
    2. Merger and Acquisition Analysis                                                  
    3. Agreements, collaborations and Joint Ventures                                                          
    4. New Product Launches                                                  

  10. Expert Opinions                                                            

    1. HVAC Equipment Market Outlook                                                            
    2. Investment Opportunities                                                            

  11. Appendix                                                             

    1. List of Tables                          
    2. List of Figures

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