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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