LOS ANGELES, Dec. 08, 2018 (GLOBE NEWSWIRE) -- The global HVAC systems market size is anticipated to around USD 185.4 billion by 2026, this market is anticipated to grow with 5.9% CAGR during the forecast time period. Surge in the use of energy-efficient device is expected to drive the growth of the global HVAC system market.
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Industries sector are commonly the major energy consumer in the whole economy. Factories such as chemical, refineries, aluminium, paper, steel, or other manufacturing companies are few industries which consume energy in bulk for their operating cost and most of them use electricity in a 24-hour cycle. Moreover, as environmental protocols turn out to be more stringent, even though the industries endures to strive to make their processes efficient and clean. All these aforementioned factors make it imperative for industries to monitor their energy consumption and manage it for optimal consumption. Owing to which the demand for HVAC system is projected to surge in the fourth coming years.
The market for smart energy management services and products is primarily encouraged by the desire for efficiency, driven by environmental and economic factors. The increasing cost of energy, increasing maintenance costs for ageing infrastructure, the looming capital cost to replace end-of-life infrastructure, increasing global populations and the continued rise in consumption per head, all contribute to the need to surge efficiency in the way energy is generated, distributed and consumed, which is why the need for smart HVAC system is projected to increase in the coming years. Further development of innovative technologies to install remote sensors in HVAC and lighting system for real time monitoring control drive the need for smart HVAC products across the globe.
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Successful implementation and installation of international EMS standards along with favourable government initiative to promote energy management in various sectors is anticipated to drive the growth of the market over the next eight year. Optimized utilization along with improving efficiency of these system expected to lead to realization of untapped energy efficiency potential. This installation will not only help in saving cost but also helps in improving productivity.
Growing industrial setup in nation for instance, China and India would surge the demand for energy, which in turn is anticipated to provide substantial growth opportunity for the global HVAC market during the forecast period. Furthermore, augmented consumer awareness regarding the benefits associated with HVAC solution has urged the home owners, especially in the developed and developing countries to install effective energy management system at residential and commercial places to lessen the overall energy expenses. This is further boosting the growth of global HVAC systems market.
The global HVAC market is segmented into product, end-user and region. On the basis of product the global HVAC market is segmented into cooling, ventilation, heating. On the basis of the end-user the global HVAC market is segmented into commercial, residential, and industrial. On the basis of region the global HVAC market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific is anticipated to grow at a decent CAGR of over the forecast period. Increasing energy prices coupled with favourable government initiatives may be attributed to high growth in the region. Favourable government initiatives in terms of rebates and tax incentives coupled with rapid industrialization, particularly in India and China is anticipated to drive growth in the regional market over the next seven years.
North America dominated the global demand and accounted for over 40% of the total revenue in 2017. The regional market is anticipated to lose share to high growth economies of Asia Pacific. Extensive adoption of energy management systems in various verticals including retail, power & energy, and manufacturing sectors may be attributed to high penetration in the region. Favourable government initiatives coupled with high requirement to curtail power losses in various economies including Germany, UK, and France is expected to drive growth in this region over next few years.
The key players catering to the global HVAC systems market are Carrier Corporation,LG Corporation, United Technologies Corporation,Arkema S.A., Mitsubishi Electric Corp., Daikin Industries Ltd., Johnson Controls International PLC., Samsung Electronics, and Lennox International, Inc. Important strategic initiatives undertaken by global companies include partnerships, new product launch, acquisitions, and.Increasing R&D investments coupled with technological advancements to commercialize highly efficient products are anticipated to offer lucrative opportunities for industry participants.
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of HVAC Systems
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. HVAC Systems Market By Product
1.2.2.1. Global HVAC Systems Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.2.2. Global HVAC Systems Market Revenue Share By Product in 2017
1.2.2.3. Heating
1.2.2.4. Cooling
1.2.2.5. Ventilation
1.2.2.6. Others
1.2.3. HVAC Systems Market By End-user
1.2.3.1. Global HVAC Systems Market Revenue and Growth Rate Comparison By End-user (2015-2026)
1.2.3.2. Global HVAC Systems Market Revenue Share By End-user in 2017
1.2.3.3. Residential
1.2.3.4. Industrial
1.2.3.5. Commercial
1.2.3.6. Others
1.2.4. HVAC Systems Market by Geography
1.2.4.1. Global HVAC Systems Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America HVAC Systems Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe HVAC Systems Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific HVAC Systems Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America HVAC Systems Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) HVAC Systems Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global HVAC Systems Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global HVAC Systems Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global HVAC Systems Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global HVAC Systems Major Manufacturers in 2017
CHAPTER 4. HVAC SYSTEMS MARKET BY PRODUCT
4.1. Global HVAC Systems Revenue By Product
4.2. Heating
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Cooling
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Ventilation
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. HVAC SYSTEMS MARKET BY END-USER
5.1. Global HVAC Systems Revenue By End-user
5.2. Residential
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Industrial
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Commercial
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA HVAC SYSTEMS MARKET BY COUNTRY
6.1. North America HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. HVAC Systems Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
6.5. Mexico
6.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE HVAC SYSTEMS MARKET BY COUNTRY
7.1. Europe HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC HVAC SYSTEMS MARKET BY COUNTRY
8.1. Asia-Pacific HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA HVAC SYSTEMS MARKET BY COUNTRY
9.1. Latin America HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.4. Argentina
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST HVAC SYSTEMS MARKET BY COUNTRY
10.1. Middle East HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 11. AFRICA HVAC SYSTEMS MARKET BY COUNTRY
11.1. Africa HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Africa HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Johnson Controls International PLC.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Arkema S.A.
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. United Technologies Corporation
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Daikin Industries Ltd.
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Mitsubishi Electric Corp.
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Samsung Electronics
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. LG Corporation
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Carrier Corporation
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Lennox International, Inc.
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
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