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HVAC Equipment Market 2020-2024 | Insights by Types, Applications, Market Drivers, Industry Segmentation and Forecast Analysis

HVAC

The Key purpose of “HVAC Equipment Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. HVAC Equipment market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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HVAC Equipment Market Covers Key Players:

  • United Technologies Corporation (Carrier)
  • Daikin Industries. Ltd.
  • Haier Inc.
  • Samsung Electronics
  • Panasonic Corporation
  • Lennox International Inc.
  • Electrolux AB
  • LG Corporation
  • Emerson Electric Company
  • Carrier Corporation
  • Danfoss A/S
  • Uponor Corp
  • Honeywell International Inc.

    Market Overview:

  • The HVAC equipment market is expected to register a CAGR of over 7% over the forecast period (2019-2024). Heating, ventilation, and air conditioning (HVAC) systems are finding widespread adoption across various regions, due to the multiple advantages they offer, most notably power-saving techniques.
  • Major factors driving the market for HVAC equipment in the region include an increase in new households, rising average construction spending, rapid urbanization, and growth in disposable income across several major economies.
  • The rising requirement from the commercial segment and high demand for HVAC products in the Asia-Pacific region are the other key drivers of the market.
  • The declining IoT sensor costs are also expected to result in OEMs offering products for a lower and more competitive price, which could indirectly impact the HVAC equipment market.

    The HVAC Equipment Market Report Includes:

    • The HVAC Equipment market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • HVAC equipment is an indoor and vehicular environment comfort technology that provides thermal comfort and acceptable indoor air quality. It is an important part of residential structures, such as single family homes, apartment buildings, hotels and senior living facilities, medium to large industrial and office buildings, such as skyscrapers and hospitals, vehicles, such as cars, trains, airplanes, ships and submarines, and in marine environments, where safe and healthy building conditions are regulated, with respect to temperature and humidity, using fresh air from outdoors.

    Key Market Trends:

    Heating Equipment to Hold Significant Share

    Demand for efficient heating equipment has led to its growth, making it one of the largest contributor to the global HVAC equipment market.

    Heating equipment provide the required heating environment in a cost-effective manner. Rapid growth in technology has helped the rise of efficient solutions for verticals to reduce emissions in an economical manner.

    End users, like the commercial and residential segments, are using small units of HVAC equipment in the form of packages, in order to satisfy their energy demand. Large complexes are deploying efficient HVAC systems to meet their energy requirements.

    Regions, like Asia-Pacific and North America, are leading the global race, as contribution and penetration rate of heating HVAC equipment are rapidly increasing. Countries, like China, Japan, and India, are leading the APAC HVAC equipment market.

    The major contributors to the heating equipment market are furnaces and heat pumps, adding value to the demand of the major verticals across the world, followed by boilers and unitary heaters.

    North America to Hold Major Share

    North America holds the major share in the HVAC equipment market. The demand for HVAC equipment in the United States is forecasted to witness exponential growth. Advancements are likely to result in rapid gains, with rise in the expenditure of construction. Growth in repair investments, as replacement demand, is contributing to the market growth. There is a rising demand for HVAC efficient systems with sophisticated technology. However, federal tax incentives are targeted, due to which high-efficiency systems expired at the beginning of 2016. The effect of this has provided an advantage for homeowners, with better HVAC systems being replaced with smaller units. Moreover, HVAC manufacturers in North America are increasing their focus on manufacturing HVAC systems that provide ease of use, are more energy efficient and eco-friendly.

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    Important Questions Answered in The HVAC Equipment Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the HVAC Equipment Market in the future?
    • What are the strengths of the main players?
    • What is the key to the HVAC Equipment Market?

    Detailed TOC of HVAC Equipment Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rise in Residential and Non Residential Users
    4.4 Market Restraints
    4.4.1 High energy consumption of HVAC equipment
    4.5 Industry Attractiveness Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Geography
    5.1.1 North America
    5.1.2 Europe
    5.1.3 Asia Pacific
    5.1.4 Latin America
    5.1.5 Middle East and Africa
    5.2 Equipment
    5.2.1 Air Conditioning Equipment
    5.2.2 Heating Equipment
    5.2.3 Heat Pumps
    5.2.4 Dehumidifiers & Humidifiers
    5.3 End User
    5.3.1 Residential
    5.3.2 Industrial
    5.3.3 Commercial

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 United Technologies Corporation (Carrier)
    6.1.2 Daikin Industries. Ltd.
    6.1.3 Haier Inc.
    6.1.4 Samsung Electronics
    6.1.5 Panasonic Corporation
    6.1.6 Lennox International Inc.
    6.1.7 Electrolux AB
    6.1.8 LG Corporation
    6.1.9 Emerson Electric Company
    6.1.10 Carrier Corporation
    6.1.11 Danfoss A/S
    6.1.12 Uponor Corp
    6.1.13 Honeywell International Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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