Global Heating, Ventilation and Air Conditioning (HVAC) Market 2020-2025 Analysis by United Technologies Corporation (Carrier), Ingersoll-Rand plc (Trane Inc.), Johnson Controls International plc (York International), Daikin Industries Ltd. (Goodman Globa

The report titled "Global Heating, Ventilation and Air Conditioning (HVAC) Market Reports: Size, Trends and Forecasts (2020-2025)", provides an in depth analysis of the global heating, ventilation and air conditioning (HVAC) equipment market by value, by product type, by region, etc. The report also provides a detailed regional analysis of the HVAC equipment market, including the following regions: North America, Europe, Japan, China, Southeast Asia, India and ROW.

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The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global heating, ventilation and air conditioning (HVAC) market has also been forecasted for the year 2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global heating, ventilation and air conditioning (HVAC) market is highly fragmented with many market players operating worldwide. Some heating, ventilation and air conditioning (HVAC) market players operate on a local level while other players operate on a regional and global level. The manufacturers of HVAC produce different types of HVAC equipment for different purpose and applications.

However, the competition in the global heating, ventilation and air conditioning (HVAC) market is dominated by few HVAC market players. Further, key players of the heating, ventilation and air conditioning (HVAC) market are United Technologies Corporation (Carrier), Ingersoll-Rand plc (Trane Inc.), Johnson Controls International plc (York International), Daikin Industries Ltd. (Goodman Global, Inc.) are also profiled with their financial information and respective business strategies.

Country Coverage
1. North America
2. Europe
3. Japan
4. China
5. Southeast Asia
6. India
7. ROW

Company Coverage
1. United Technologies Corporation (Carrier)
2. Ingersoll-Rand plc (Trane Inc.)
3. Johnson Controls International plc (York International)
4. Daikin Industries Ltd. (Goodman Global, Inc.)

Segment Coverage
Residential HVAC Equipment

Ducted
Ductless

Commercial HVAC Equipment

1. Ducted-Applied Systems
2. Ducted-Unitary
3. Ductless (VRF)

Executive Summary

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 product 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 sub product types (Ducted and Ductless). The commercial HVAC equipment market can be segmented on the basis of sub product types (Ducted-Applied Systems, Ducted-Unitary and Ductless (VRF)).

The global heating, ventilation and air conditioning (HVAC) market Reports has increased at a significant CAGR during the years 2014-2019 and projections are made that the market would rise in the next five years i.e. 2020-2025 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.

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Table of Contents

1. Executive Summary

2. Introduction

2.1 HVAC: An Overview
2.1.1 Purpose of HVAC System

2.2 HVAC Segmentation: An Overview
2.2.1 HVAC Equipment Segmentation by Product Type

2.3 Residential & Commercial HVAC: An Overview
2.3.1 Difference Between Residential & Commercial HVAC Systems

2.4 Residential HVAC Segmentation: An Overview
2.4.1 Residential HVAC Segmentation by Equipment
2.4.2 Residential HVAC Equipment Segmentation by Sub Product Type

2.5 Commercial HVAC Segmentation: An Overview
2.5.1 Commercial HVAC Equipment Segmentation by Sub Product Type

3. Global Market Analysis

3.1 Global HVAC Equipment Market: An Analysis

3.1.1 Global HVAC Equipment Market by Value
3.1.2 Global HVAC Equipment Market by Region (China, North America, Japan, Europe, Southeast Asia, India, ROW)
3.1.3 Global HVAC Equipment Market by Product Type (Residential, Commercial)

3.2 Global HVAC Equipment Market: Product Type Analysis

3.2.1 Global Residential HVAC Equipment Market by Value
3.2.2 Global Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
3.2.3 Global Ductless Residential HVAC Equipment Market by Value
3.2.4 Global Ducted Residential HVAC Equipment Market by Value
3.2.5 Global Commercial HVAC Equipment Market by Value
3.2.6 Global Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
3.2.7 Global Ductless (VRF) Commercial HVAC Equipment Market by Value
3.2.8 Global Ducted-Applied Systems Commercial HVAC Equipment Market by Value
3.2.9 Global Ducted-Unitary Commercial HVAC Equipment Market by Value

4. Regional Market Analysis

4.1 North America HVAC Equipment Market: An Analysis

4.1.1 North America HVAC Equipment Market by Value
4.1.2 North America HVAC Equipment Market by Product Type (Residential, Commercial)
4.1.3 North America Residential HVAC Equipment Market by Value
4.1.4 North America Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.1.5 North America Ductless Residential HVAC Equipment Market by Value
4.1.6 North America Ducted Residential HVAC Equipment Market by Value
4.1.7 North America Commercial HVAC Equipment Market by Value
4.1.8 North America Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.1.9 North America Ductless (VRF) Commercial HVAC Equipment Market by Value
4.1.10 North America Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.1.11 North America Ducted-Unitary Commercial HVAC Equipment Market by Value

4.2 Europe HVAC Equipment Market: An Analysis

4.2.1 Europe HVAC Equipment Market by Value
4.2.2 Europe HVAC Equipment Market by Product Type (Commercial, Residential)
4.2.3 Europe Residential HVAC Equipment Market by Value
4.2.4 Europe Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.2.5 Europe Ductless Residential HVAC Equipment Market by Value
4.2.6 Europe Ducted Residential HVAC Equipment Market by Value
4.2.7 Europe Commercial HVAC Equipment Market by Value
4.2.8 Europe Commercial HVAC Equipment Market by Sub Product Type (Ducted-Applied Systems, Ducted-Unitary, Ductless (VRF))
4.2.9 Europe Ductless (VRF) Commercial HVAC Equipment Market by Value
4.2.10 Europe Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.2.11 Europe Ducted-Unitary Commercial HVAC Equipment Market by Value

4.3 Japan HVAC Equipment Market: An Analysis

4.3.1 Japan HVAC Equipment Market by Value
4.3.2 Japan HVAC Equipment Market by Product Type (Residential, Commercial)
4.3.3 Japan Residential HVAC Equipment Market by Value
4.3.4 Japan Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.3.5 Japan Ductless Residential HVAC Equipment Market by Value
4.3.6 Japan Ducted Residential HVAC Equipment Market by Value
4.3.7 Japan Commercial HVAC Equipment Market by Value
4.3.8 Japan Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.3.9 Japan Ductless (VRF) Commercial HVAC Equipment Market by Value
4.3.10 Japan Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.3.11 Japan Ducted-Unitary Commercial HVAC Equipment Market by Value

4.4 China HVAC Equipment Market: An Analysis

4.4.1 China HVAC Equipment Market by Value
4.4.2 China HVAC Equipment Market by Product Type (Residential, Commercial)
4.4.3 China Residential HVAC Equipment Market by Value
4.4.4 China Residential HVAC Equipment Market by Sub Product Type (Ducted, Ductless)
4.4.5 China Ductless Residential HVAC Equipment Market by Value
4.4.6 China Ducted Residential HVAC Equipment Market by Value
4.4.7 China Commercial HVAC Equipment Market by Value
4.4.8 China Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.4.9 China Ductless (VRF) Commercial HVAC Equipment Market by Value
4.4.10 China Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.4.11 China Ducted-Unitary Commercial HVAC Equipment Market by Value

4.5 Southeast Asia HVAC Equipment Market: An Analysis

4.5.1 Southeast Asia HVAC Equipment Market by Value
4.5.2 Southeast Asia HVAC Equipment Market by Product Type (Residential, Commercial)
4.5.3 Southeast Asia Residential HVAC Equipment Market by Value
4.5.4 Southeast Asia Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.5.5 Southeast Asia Ductless Residential HVAC Equipment Market by Value
4.5.6 Southeast Asia Ducted Residential HVAC Equipment Market by Value
4.5.7 Southeast Asia Commercial HVAC Equipment Market by Value
4.5.8 Southeast Asia Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.5.9 Southeast Asia Ductless (VRF) Commercial HVAC Equipment Market by Value
4.5.10 Southeast Asia Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.5.11 Southeast Asia Ducted-Unitary Commercial HVAC Equipment Market by Value

4.6 India HVAC Equipment Market: An Analysis

4.6.1 India HVAC Equipment Market by Value
4.6.2 India HVAC Equipment Market by Product Type (Residential, Commercial)
4.6.3 India Residential HVAC Equipment Market by Value
4.6.4 India Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.6.5 India Ductless Residential HVAC Equipment Market by Value
4.6.6 India Ducted Residential HVAC Equipment Market by Value
4.6.7 India Commercial HVAC Equipment Market by Value
4.6.8 India Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.6.9 India Ductless (VRF) Commercial HVAC Equipment Market by Value
4.6.10 India Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.6.11 India Ducted-Unitary Commercial HVAC Equipment Market by Value

4.7 ROW HVAC Equipment Market: An Analysis

4.7.1 ROW HVAC Equipment Market by Value
4.7.2 ROW HVAC Equipment Market by Product Type (Residential, Commercial)
4.7.3 ROW Residential HVAC Equipment Market by Value
4.7.4 ROW Residential HVAC Equipment Market by Sub Product Type (Ductless, Ducted)
4.7.5 ROW Ductless Residential HVAC Equipment Market by Value
4.7.6 ROW Ducted Residential HVAC Equipment Market by Value
4.7.7 ROW Commercial HVAC Equipment Market by Value
4.7.8 ROW Commercial HVAC Equipment Market by Sub Product Type (Ductless (VRF), Ducted-Applied Systems, Ducted-Unitary)
4.7.9 ROW Ductless (VRF) Commercial HVAC Equipment Market by Value
4.7.10 ROW Ducted-Applied Systems Commercial HVAC Equipment Market by Value
4.7.11 ROW Ducted-Unitary Commercial HVAC Equipment Market by Value

5. Market Dynamics

5.1 Growth Driver
5.1.1 Surging Urban Population
5.1.2 Rising Number of New Housing Units
5.1.3 Growing Replacement Demand of HVAC Systems
5.1.4 Escalating Demand for AC/Heat Pumps for New Residential Construction
5.1.5 Increasing Demand for Smart Thermostats
5.1.6 Surging Non-Residential Construction Spending

5.2 Challenges
5.2.1 Uncertainty in the Demand for HVAC systems due to Climate Change
5.2.2 High Cost Involved

5.3 Market Trends
5.3.1 Emerging Trend of Smart Home
5.3.2 Growing Data Center
5.3.3 Increasing Government Regulations
5.3.4 Growing Popularity of Variable Refrigerant Flow (VRF)

6. Competitive Landscape

6.1 Global HVAC Equipment Players by Market Share
6.2 Global HVAC Equipment Market Players by Residential HVAC Growth Rates
6.3 Global HVAC Equipment Market Players by Commercial HVAC Growth Rates
6.4 Global Residential and Commercial HVAC Market Players
6.5 Global Residential and Commercial HVAC Market Players by New Product Launch
6.6 Global Residential and Commercial HVAC Market Players by Distribution Breakdown
6.7 Global Residential HVAC Players by Market Share
6.8 North America Residential HVAC Players by Market Share
6.9 North America Commercial Ducted-Unitary HVAC Players by Market Share

7. Company Profiles

7.1 United Technologies Corporation (Carrier)
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategy

7.2 Ingersoll-Rand plc (Trane Inc.)
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategy

7.3 Johnson Controls International plc (York International)
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategy

7.4 Daikin Industries, Ltd. (Goodman Global, Inc.)
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategy

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