Hvac Industry Market Research & Statistics

 
  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
22 votes
Share

Global HVAC Industry

 

The global heating, ventilation and air-conditioning (HVAC) equipment market is expected to record an increase in demand of 6% yearly through 2014, bringing market worth to more than $88 billion, according to research from Freedonia.

 

US market recovery following 2009 lows will lead demand. Growth in the cooling equipment segment will be stronger than in heating equipment gains through 2014 due to a falling off in air conditioning equipment sales. Room air conditioners will lead growth and window-type air conditioner demand will be fuelled by growing levels of income in Asia. Mini-split room air conditioners will witness growing demand in Western Europe.

 

Growing non-residential construction spending will bolster gains for other cooling equipment, including chillers. China dominates HVAC equipment supply, benefiting from cheaper labor that allows Chinese suppliers to offer more competitive prices. China is an important supplier in the room air conditioner market, with equipment being shipped across Asia and also further afield to Western Europe and the US.

 

Market Segments

 

  • The global automotive HVAC market is expected to record yearly growth in excess of 6% between 2011 and 2015, according to TechNavio. Market growth is fuelled by the declining expense of compact HVAC systems for compact vehicle market segments. Current trends in the world automotive HVAC sector include HVAC component integration to improve space utilization in products. Obstacles to market growth include the need for original equipment manufacturers to offer more powerful, compact and efficient HVAC systems for use in small-segment cars with limited engine capacities. Leading outfits currently operating in the global HVAC market include Denso, Behr, Visteon and Valeo.

 

  • The world ventilation and accessory set industry is forecast to reach almost $2.5 billion in 2014, reports TechNavio. Market growth is fuelled by the rising number of people suffering from respiratory diseases in developed and emerging economies. Obstacles to market growth include the Prospective Payment System (PPS) restriction. After-sales service is playing an increasing important role in the global ventilation and accessory set market. Leading players present in the market include Newport, Maquet, Draeger Medical, Hamilton Medical, Resmed, Covidien, Carefusion and Respironics.

 

 

Regional Market Share

 

  • Asia-Pacific is set to post the highest increase in HVAC equipment demand, at close to 7% yearly increase in demand through 2014, reports Freedonia. China’s HVAC market will outpace growth in other regions, and will also account for the lion’s share of world demand through 2014.

 

  • India will similarly post a strong increase in demand over the same period, fuelled by rising levels of income. Though HVAC equipment demand in the US will be weaker in relative terms in the short term, it is forecast to increase at a yearly rate of more than 7% through 2014.

 

  • US HVAC equipment demand will be driven by rising residential building construction spending. Growth in other developed countries such as Japan and Canada will be slower due to less-impressive construction gains and higher penetration rates. Western Europe’s low ownership rates represent good potential, compared with other industrialized regions.

 

  • EU central air conditioning system shipments were estimated at just over 2.5 million units in 2010, worth in excess of $5 billion, reports Industry Experts. While unit shipments growth in the nine-year period ending 2015 is expected to remain low, value shipments are forecast to represent good growth. EU central air conditioning systems manufacturers were led by France, Italy and Germany in 2010, with the three combining to account for close to half of overall shipment value. Within the EU, Italy dominates the manufacturing of central air conditioning systems. In 2010, Italy exceeded a shipment value of $1 billion, and is forecast to reach almost $2 billion by 2015, representing 7% yearly growth over the five-year period. Emerging manufacturing nations such as Turkey and Czech Republic are expected to maintain double-digit growth through 2015. The recession has slowed growth in the central air conditioning industry across much of the EU apart from the UK, Spain, Turkey, Czech Republic and Italy, all of which recorded strong growth in 2010.

 

 

Market Outlook

 

The global HVAC equipment market will continue to benefit from economic recovery following the crisis. Koncept Analytics underlines product innovation and increasing consolidation as key factors in the global filtration industry moving forward. Major players will continue to compete through price, location and product performance. Automotive market expansion will continue to contribute to demand for filters over the coming years.

 

Technical improvements will continue to benefit the HVAC market, including dehumidification optimization, incorporating dehumidifiers in air conditioners, eliminating moisture retention on coils, boosting latent heat recovery, and eliminating air leakage.

 

 

Leading Industry Associations

 

ReportLinker.com offers immediate download access to top market reports & statistics on the Hvac Industry from trusted sources.
1-10 of about 2 200 reports

Global Hvac Markets Forecast

  • June 2014
    17 pages
  • Hvac  

    Heating  

  • World  

    Europe  

    Japan  

View report >

Hvac Forecast Statistics in the US

  • September 2014
    9 pages
  • Hvac  

    Heating  

    Oil And Gas Ene  

  • United States  

View report >

Hvac Markets in Europe

  • November 2014
    7 pages
  • Hvac  

  • Europe  

    Italy  

    United Kingdom  

View report >

Hvac Industry in Asia

  • January 2014
    12 pages
  • Hvac  

  • Asia  

    China  

    Thailand  

View report >

Hvac Industry in Germany

  • April 2014
    15 pages
  • Hvac  

    Heating Equipme  

    Ventilation  

  • Germany  

View report >

Hvac Markets in Italy

  • January 2014
    24 pages
  • Hvac  

    Energy  

    Energy Enviro  

  • Italy  

View report >

The future of the Hvac Industry in the UK

  • October 2014
    6 pages
  • Hvac  

  • United Kingdom  

View report >

The future of the Hvac Industry in Canada

  • January 2014
    253 pages
  • Heating  

    Heating Equipme  

    Water Heater  

  • Canada  

View report >

Hvac Markets in India

  • December 2014
    8 pages
  • Hvac  

  • India  

View report >

Hvac Industry in China

  • August 2014
    7 pages
  • Hvac  

  • China  

View report >


About 1 300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 55 - $ 6 650)

Industrial Cooling: Technologies and Global Markets

Industrial Cooling: Technologies and Global Markets

  • $ 6 650
  • Industry report
  • January 2015
  • by BCC Research

This BCC Research report provides a global overview of the global and markets for four major categories of industrial cooling systems, with breakdowns by region and by major technology. Market potential ...

Heat Exchanger Market By Type (shell & Tube, Plate & Fr ...

December 2014 $ 4 650

Advanced Phase Change Material (pcm) Market By Type (or ...

December 2014 $ 4 650

China Domestic Air-conditioning Manufacturing Industry, ...

January 2015 $ 3 600

China Boiler And Prime Motor Manufacturing Industry, 20 ...

January 2015 $ 3 600

China Boiler And Supplemental Equipment Manufacturing I ...

January 2015 $ 3 600

2015 Market Research Report On Global Heat Exchanger In ...

January 2015 $ 3 600

2014 Market Research Report On Global Auto Radiator Ind ...

December 2014 $ 3 600

2014 Market Research Report On Global Automotive Air Co ...

December 2014 $ 3 600

2015 Deep Research Report On Global And China Underfloo ...

January 2015 $ 2 600


ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.