Heating, Ventilation, And Air Conditioning (HVAC) Global Market Growth Till 2020: P&S Market Research

The heating, ventilation, and air conditioning (HVAC) market is growing at a considerable rate due to technological developments for meeting consumer expectations, climate shift from historical records, and stringent government regulations. The growing trend of smart homes, development of energy efficient systems, and higher market penetration supported by green technologies are some of the factors contributing towards the growth of the HVAC market in the coming years.

The integration of HVAC controls and building systems such as lighting and access controls is providing opportunities for the growth of the HVAC market. By integrating HVAC controls within the building systems, the building managers could easily manage the building through the touch of single button. Integration also helps in saving energy and electricity bills by managing the power of HVAC system as per the number of people in an office or a factory. Smart thermostats were launched to control the temperature in multiple rooms through a single interface.

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The increasing commercial applications of HVAC and the expansion of HVAC market in Asia-Pacific region is driving the escalation rate of the global HVAC market. Some of the other factors driving the growth of the HVAC market are increasing disposable income of the consumers, rise in the number of new households, need for product up gradation, and rise in demand for environment friendly and energy efficient products. The higher consumption of energy by HVAC system is one of the major factors restraining the growth of the HVAC market to some extent. However, some of the HVAC equipment manufacturers such as Carrier Corporation, and Daikin Industries Ltd. have started producing energy efficient HVAC products.

On the basis of equipment type, the HVAC Market can be categorized as heating equipment, ventilation equipment, and air conditioning equipment. Heating equipment includes furnaces, boilers, heat pumps and unitary heaters; ventilation equipment includes humidifiers or dehumidifiers, and ventilation pumps or air pumps; and air conditioning equipment includes unitary air conditioners, room air conditioners, and coolers. Air conditioning equipment category leads the HVAC market under equipment types. In spite of the increase in the cooling equipment, coolers have seen a gradual declining trend due to its demand from only low income sections of the developing economies of the Asia-Pacific region. Air conditioners are leading the air conditioning equipment category and are expected to grow by a considerable rate in the coming years.

On the basis of end users, the HVAC Market can be categorized as industrial, residential, and commercial. The HVAC market is expected to grow fastest in industrial sector in the coming years due to the increasing use of HVAC equipment in the industrial sector.

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Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
Uncovers potential demands in the market
Porter analysis identifies competitive forces within the market
Provides information on the historical and current market size and the future potential of the market
Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market

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