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Global Heating, Ventilation and Air Conditioning (HVAC) Market: Size, Trends & Forecasts (2019-2023) March 2019

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Global Heating, Ventilation and Air

Conditioning (HVAC) Market: Size, Trends & Forecasts (2019-2023)

March 2019

Global Heating, Ventilation and Air Conditioning (HVAC) Market: Coverage

Executive Summary and Scope

Introduction/Market Overview

Global Market Analysis

Regional Market Analysis

Dynamics

Competitive Landscape

Company Profiling

Global Heating, Ventilation and Air Conditioning (HVAC) Market: Coverage

Attributes Details

Title Global Heating, Ventilation and Air Conditioning (HVAC) Market: Size, Trends & Forecasts (2019-2023)

Coverage Global and Regional

Regional Coverage APAC, EMEA, Americas (North America), Other

Market Influencing Variables Growth Drivers, Challenges, Market Trends

Forecast Period of Market 2019-2023

Competition in the Market Fragmented

Key Players United Technologies Corporation (Carrier), Ingersoll-Rand plc (Trane Inc.), Johnson Controls International plc (York International), Daikin Industries, Ltd. (Goodman Global, Inc.)

Scope of the Report

Global Heating, Ventilation and Air Conditioning (HVAC) Market

HVAC stands for Heating, Ventilation and Air-conditioning. HVAC refers to the different systems used for moving air between indoor and outdoor areas, along with providing acceptable indoor air quality. These systems are also used to provide thermal comfort and maintain humidity at the optimum level.

HVAC equipment are placed in buildings to achieve heating, ventilation and cooling. HVAC equipment can be broadly categorized into two types: Residential HVAC and Commercial HVAC. Residential HVAC equipment are used in houses, whereas commercial HVAC equipment are used in commercial buildings, such as office buildings, large retail stores, warehouses and other large buildings. HVAC equipment installed in the residential and commercial sectors are responsible for the same functions of heating, cooling and ventilation. But, there are few differences exist in the installation of HVAC systems in both the sectors. These differences are explained on the basis of structure, location, heating or cooling capacity, exhaust ventilation and maintenance cost.

The residential HVAC market can be segmented on the basis of equipment (Split Systems, Furnaces and Indoor Components) and product category (Ducted and Ductless). The commercial HVAC market can be segmented on the basis of product category (Large Applied Systems, Smaller Unitary Systems/Ducted and Ductless Systems).

The global heating, ventilation and air conditioning (HVAC) market has increased at a significant CAGR during the years 2015-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The heating, ventilation and air conditioning (HVAC) market is expected to increase due to surging urban population, rising number of new housing units, growing replacement demand of HVAC systems, escalating demand for AC/heat pumps for new residential construction, etc. Yet the market faces some challenges such as uncertainty in the demand for HVAC systems due to climate change, high cost involved, etc.

Executive Summary

HVAC Market: Global Analysis

Global HVAC Market by Value

The global HVAC market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017. The global HVAC market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019..

CAGR

2019-2023 xx%

2016 2017 2018

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

HVAC Market: Global Analysis

APAC, xx%

EMEA, xx%

Americas, xx%

Segments Share

HVAC Equipment xx%

Aftermarket Services xx%

Global HVAC Market by Region; 2018

Global HVAC Market by Segments; 2018

HVAC Market: Segment Analysis

Global HVAC Equipment Market by Value Global HVAC Aftermarket Services Market by Value

Segments CAGR

2019-2023

HVAC Equipment xx%

HVAC Aftermarket Services

xx%

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

HVAC Market: Segment Analysis

APAC, xx%

North America, xx%

Europe, xx%

Other, xx%

Types Share

Commercial xx%

Residential xx%

Global HVAC Equipment Market by Region; 2018

Global HVAC Market by Type; 2018

Residential HVAC Equipment Market: Global Analysis

Global Residential HVAC Equipment Market by Value

The global residential HVAC equipment market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017 at a CAGR of ….% from 2015 to 2018. The global residential HVAC market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019..

CAGR

2015-2018 xx%

2019-2023 xx%

2015 2016 2017 2018

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

Residential HVAC Equipment Market: Global Analysis

Global Residential HVAC Equipment Market by Volume

The global residential HVAC equipment market volume, was at … million units in 2018, increased as compared to ... million units in 2017 at a CAGR of ….% from 2015 to 2018. The global residential HVAC equipment market is anticipated to reach up to … million units by 2023 from … million units in 2019..

2015 2016 2017 2018

Millio

n U

nit

s

2019 2020 2021 2022 2023

Millio

n U

nit

s

CAGR

2015-2018 xx%

2019-2023 xx%

Residential HVAC Equipment Market: Global Analysis

Product Category Share

Ductless/Window xx%

Ducted/Unitary xx%

Global Residential HVAC Equipment Market by Product Category; 2018

Residential HVAC Equipment Market: Product Category Analysis

Global Ductless/Window Residential HVAC Equipment Market by Value

Global Ducted/Unitary Residential HVAC Equipment Market by Value

Product Category CAGR

2019-2023

Ductless/Window xx%

Ducted/Unitary xx%

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

Commercial HVAC Equipment Market: Global Analysis

Global Commercial HVAC Equipment Market by Value

The global commercial HVAC equipment market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017 at a CAGR of ….% from 2015 to 2018. The global commercial HVAC market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019..

CAGR

2015-2018 xx%

2019-2023 xx%

2015 2016 2017 2018

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

Commercial HVAC Equipment Market: Global Analysis

Product Category Share

Ductless xx%

Applied xx%

Ducted/Unitary xx%

Global Commercial HVAC Equipment Market by Product Category; 2018

Commercial HVAC Equipment Market: Product Category Analysis

Global Ductless Commercial HVAC Equipment Market by Value

Global Ducted/Unitary Commercial HVAC Equipment Market by Value

Global Applied Commercial HVAC Equipment Market by Value

Product Category CAGR

2019-2023

Ductless xx%

Ducted/Unitary xx%

Applied xx%

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

HVAC Market: Regional Analysis

APAC HVAC Market by Value EMEA HVAC Market by Value

Americas HVAC Market by Value

Region CAGR

2019-2023

APAC xx%

EMEA xx%

Americas xx%

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

North America HVAC Equipment Market: Type Analysis

North America Residential HVAC Equipment Market by Value

North America Commercial HVAC Equipment Market by Value

Type CAGR

2019-2023

Residential xx%

Commercial xx%

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n

HVAC Market: Dynamics

Growth Driver

•Rising Number of New Housing Units

•Growing Replacement Demand of HVAC Systems

Challenges

•Uncertainty in the Demand for HVAC Systems due to Climate Change

•High Cost Involved

Market Trends

•Emerging Trend of Smart Home

•Growing Data Center

HVAC Market: Competitive Landscape

• United Technologies Corporation (Carrier)

• Ingersoll-Rand plc (Trane Inc.)

• Johnson Controls International plc (York International)

• Daikin Industries, Ltd. (Goodman Global, Inc.)

Players Profiled

Note: The graphs on this slide are only for sample representation.

Global HVAC Equipment Players by Market Share; 2017