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The global HVAC equipment industry is expected to grow at a CAGR of 5% from 2015 to 2020. The major drivers of this market are increasing construction spending, rising disposable income, and renovation of existing building activities. Changing lifestyles, new technology in equipment, and growing urbanization are expected to impact the market dynamics. Asia Pacific (APAC) has been the top region in terms of HVAC demand due to the low penetration rate, continuous growth in residential and commercial construction activities in China and India, and the rise in consumer spending on luxury goods.

Lucintel, a leading global management consulting and market research firm, has analyzed the global HVAC equipment industry by region and has come up with a comprehensive research report, “Global HVAC Equipment Industry 2015-2020: Trend, Forecast, and Opportunity Analysis.” This report provides an analysis of the global HVAC equipment industry, including the market trends, growth opportunities, key drivers, and emerging trends in the market. The study also includes the forecast for the global HVAC equipment industry through 2020 by value ($ Million) and volume (Million Pounds). The industry’s segment breakdown by region, application, and product are as follows:

By region-
North America Europe Asia Pacific Rest of the World

By application-
Residential Commercial

By product type-
Furnace Heat Pump Central AC Room AC Others

On the basis of its comprehensive research, Lucintel forecasts that the APAC residential HVAC and APAC room AC segments are expected to depict above average growth during the forecast period. Residential building construction activities are reviving due to a strong economic condition and growing housing expenditure, especially in China and India. Rising per capita income along with increasing industrialization are expected to drive the demand in the coming years. China is expected to be the leader in regional as well as global HVAC equipment industries. ROW and NA regions are expected to depict above average growth during the forecast period due to the rise in housing activities.

Daikin Industries, Ltd., Gree Electric Appliances Inc. of Zhuhai, GD Midea, United Technologies Corporation, and Ingersoll Rand PLC are some of the major players of the global HVAC equipment industry. The industry players are opting for (mergers and acquisitions) M&A, innovation, and new product development as well as expansion for growing their business. Several important emerging trends which have a direct impact on the dynamics of the industry include green and sustainability, nanotechnology in air-conditioning systems, and use of solar power for heating and cooling.

This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.


To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

Some of the features of “Global HVAC Equipment Industry 2015-2020: Trends, Forecast, and Opportunity Analysis” include:

Market size estimates: Global HVAC equipment industry size estimation in terms of value ($B) shipment. Trend and forecast analysis: Global HVAC equipment industry trend (2009-2014) and forecast (2015-2020) by regions and by segments. Segmentation analysis: Global HVAC equipment industry size by various product types such as furnace, heat pump, central ac, room ac and others in terms of value shipment. Regional analysis: Global HVAC equipment industry by key regions such as North America, Europe, Asia Pacific, and Rest of the World. Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, new product developments, competitive landscape, and expansion strategies of Global HVAC equipment suppliers. Emerging applications: Emerging applications of Global HVAC equipment industry products in various markets. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table Of Contents

Global HVAC Equipment Industry 2015-2020: Trend, Forecast, and Opportunity Analysis
1. Executive Summary2. HVAC Equipment Industry Background and Classifications2.1: Introduction2.1.1: Industry classification2.1.2: Supply chain2.2: Porter's Five Forces Analysis3. Industry Trend and Forecast Analysis3.1: Industry analysis 20143.1.1: Global HVAC equipment industry3.1.2: Regional HVAC equipment industry3.2: Industry trend 2009-20143.2.1: Macroeconomic trends3.2.2: Global HVAC equipment industry3.2.3: North American HVAC equipment industry trend3.2.4: European HVAC equipment industry trend3.2.5: APAC HVAC equipment industry trend3.2.6: ROW HVAC equipment industry trend3.3: Industry drivers and challenges3.4: Industry forecast 2015-20203.4.1: Macroeconomic forecasts3.4.2: Global HVAC equipment industry forecast3.4.3: North American HVACequipment industry forecast3.4.4: European HVACequipment industry forecast3.4.5: APAC HVACequipment industry forecast3.4.6: ROW HVACequipment industry forecast4. Financial (Cost Structure, Profitability, Debt, and Assets) Analysis4.1: Global HVAC equipment industry profitability analysis4.1.1: Cost structure of global HVAC equipment industry: 2009-20144.1.2: Regional trend: cost structure for global HVAC equipment industry4.2: Asset analysis4.3: Debt analysis5. Competitive Landscape and Growth Opportunities Analysis5.1: Product portfolio analysis5.2: Market share analysis5.3: Growth opportunities analysis5.3.1: Growth opportunities of global HVAC equipment industry by applications5.3.2: Growth opportunities of global HVAC equipment industry by products5.3.3: Growth opportunities of global HVAC equipment industry by regions6. Industry Strategic Assessment6.1: Emerging trends in global HVAC equipment industry6.2: Innovations and new product launches in global HVAC equipment industry6.3: Mergers and acquisitions in global HVAC equipment industry
Lucintel, 222 Las Colinas Blvd West, Suit 1650, Irving, TX 75039, USA.Tel: +1-972-636-5056, Fax: +1-877-883-5140 (Toll free)12Global HVAC Equipment Industry2015-2020:Trends, Forecast, and Opportunity Analysis7. Company Profiles of Leading PlayersList of Figures
Chapter 2. HVACEquipment Industry Background and ClassificationsFigure 2.1: HVAC systemFigure 2.2: ThermostatFigure 2.3: BoilerFigure 2.4: FurnaceFigure 2.5: Heat exchangerFigure 2.6: ChillersFigure 2.7: Evaporator coilFigure 2.8: Condensing unitFigure 2.9: Refrigerant linesFigure 2.10: DuctsFigure 2.11: Classification of global HVAC equipment industry by applicationsFigure 2.12: Classification of global HVAC equipment industry by productsFigure 2.13: Supply chain-global HVAC equipment industryFigure 2.14: Porter's Five Forces Analysis of global HVAC equipment industryChapter 3. IndustryTrend and Forecast AnalysisFigure 3.1: Global HVAC equipment industry (%) applications in 2014Figure 3.2: Global HVAC equipment industry ($B) by applications in 2014Figure 3.3: Global HVAC equipment industry (%) by products in 2014Figure 3.4: Global HVAC equipment industry ($B) by products in 2014Figure 3.5: Global HVAC equipment industry ($B) distribution by regions in 2014Figure 3.6: North American HVAC equipment industry (%) by applications in 2014Figure 3.7: North American HVAC equipment industry ($B) by applications in 2014Figure 3.8: North American HVAC equipment industry (%) by products in 2014Figure 3.9: North American HVAC equipment industry ($B) by products in 2014Figure 3.10: European HVAC equipment industry (%) by applications in 2014Figure 3.11: European HVAC equipment industry ($B) by applications in 2014Figure 3.12: European HVAC equipment industry (%) by products in 2014Figure 3.13: European HVAC equipment industry ($B) by products in 2014Figure 3.14: APAC HVAC equipment industry (%) by applications in 2014Figure 3.15: APAC HVAC equipment industry ($B) by applications in 2014Figure 3.16: APAC HVAC equipment industry (%) by products in 2014Figure 3.17: APAC HVAC equipment industry ($B) by products in 2014Figure 3.18: ROW HVAC equipment industry (%) by applications in 2014Figure 3.19: ROW HVAC equipment industry value ($B) by applications in 2014Figure 3.20: ROW HVAC equipment industry (%) by products in 2014Figure 3.21: ROW HVAC equipment industry ($B) by products in 2014Figure 3.22: Global GDP growth rate trendFigure 3.23: Global population growth rate trendFigure 3.24: Global inflation rate trendFigure 3.25: Global unemployment rate trendFigure 3.26: Regional GDP growth rate trend Figure 3.27: Regional population growth rate trendFigure 3.28: Regional inflation rate trend
Figure 3.29: Regional unemployment rate trend Figure 3.30: Regional per capita income trendFigure 3.31: Global HVAC equipment industry growth trend (2009-2014)Figure 3.32: Global HVAC equipment industry trend by applications during 2009-2014Figure 3.33: CAGR of applications in global HVAC equipment industry 2009-2014Figure 3.34: Growth rate in applications of global HVAC equipment industry during 2013-2014Figure 3.35: Global HVAC equipment industry trend by products during 2009-2014Figure 3.37: CAGR of products in global HVAC equipment industry 2009-2014Figure 3.38: Growth rate of products in global HVAC equipment industry during 2013-2014Figure 3.39: North America HVAC equipment industry trend during 2009-2014Figure 3.40: North American HVAC equipment industry trend by applications during 2009-2014Figure 3.41: CAGR of applications in the North American HVAC equipment industry during 2009-2014Figure 3.42: Growth Rates in applications of the North American HVAC equipment industry during 2013-2014Figure 3.43: North American HVAC equipment industry trend by products during 2009-2014Figure 3.44: CAGR of Products in North American HVAC equipment industry during 2009-2014Figure 3.45: Growth rate in products of North American HVAC equipment industry during 2013-2014Figure 3.46: European HVAC equipment industry trend during 2009-2014Figure 3.47: European HVAC equipment industry trend by applications during 2009-2014Figure 3.48: CAGR of applications in European HVAC equipment industry during 2009-2014Figure 3.49: Growth rate in applications of European HVAC equipment industry during 2013-2014Figure 3.50: European HVAC equipment industry trend by products during 2009-2014Figure 3.51: CAGR of products in European HVAC equipment industry during 2009-2014Figure 3.52: Growth rate in products of European HVAC equipment industry during 2013-2014Figure 3.53: APAC HVAC equipment industry trend during 2009-2014Figure 3.54: APAC HVAC equipment industry trend by applications during 2009-2014Figure 3.55: CAGR of applications in APAC HVAC equipment industry during 2009-2014Figure 3.56: Growth rate in applications of APAC HVAC equipment industry during 2013-2014Figure 3.57: APAC HVAC equipment industry trend by products during 2009-2014Figure 3.58: CAGR of products of APAC HVAC equipment industry during 2009-2014Figure 3.59: Growth rate in products of APAC HVAC equipment industry during 2013-2014Figure 3.60: ROW HVAC equipment industry trend during 2009-2014Figure 3.61: ROW HVAC equipment industry trend by applications during 2009-2014Figure 3.62: CAGR of applications of ROW HVAC equipment industry during 2009-2014Figure 3.63: Growth rates in applications of ROW HVAC equipment industry during 2013-2014Figure 3.64: ROW HVAC equipment industry trend by products during 2009-2014Figure 3.65: CAGR of products of ROW HVAC equipment industry during 2009-2014Figure 3.66: Growth rate in products of ROW HVAC equipment industry during 2013-2014Figure 3.67: Drivers and challenges of global HVAC equipment industryFigure 3.68: Global GDP growth rate forecastFigure 3.69: Global population growth rate forecastFigure 3.70: Forecast of global inflation rate Figure 3.71: Forecast of global unemployment rate Figure 3.72: Regional GDP growth rate forecast Figure 3.73: Regional population growth rate forecastFigure 3.74: Forecast of regional inflation rate Figure 3.75: Forecast of regional unemployment rate Figure 3.76: Forecast of regional per capita income
Figure 3.77: Global HVAC equipment industry growth forecast during 2015-2020Figure 3.78: Global HVAC equipment industry forecast by applications during2015-2020Figure 3.79: CAGR forecast of applications in global HVAC equipment industry during 2015-2020Figure 3.80: Growth rate forecast of applications in global HVAC equipment industry during 2014-2015Figure 3.81: Global HVAC equipment industry forecast by products during2015-2020Figure 3.82: CAGR forecast of products in global HVAC equipment industry during 2015-2020Figure 3.83: Growth rate forecast of products in global HVAC equipment industry during 2014-2015Figure 3.84: North American HVAC equipment industry forecast during 2015-2020Figure 3.85: North American HVAC equipment industry forecast by applications during 2015-2020Figure 3.86: CAGR forecast in applications of North American HVAC equipment industry during 2015-2020Figure 3.87: Growth rate forecast in applications of North American HVAC equipment industry during2014-2015Figure 3.88: North American HVAC equipment industry forecast by products during 2015-2020Figure 3.89: CAGR forecast of products in North American HVAC equipment industry during 2015-2020Figure 3.90: Growth rate forecast of products in North American HVAC equipment industry during 2014-2015Figure 3.91: European HVAC equipment industry forecast during 2015-2020Figure 3.92: European HVAC equipment industry forecast by applications during 2015-2020Figure 3.93: CAGR forecast in applications of European HVAC equipment industry during 2015-2020Figure 3.94: Growth rate forecast in applications of European HVAC equipment industry during 2014-2015Figure 3.95: European HVAC equipment industry forecast by products during 2015-2020Figure 3.96: CAGR forecast in products of European HVAC equipment industry during 2015-2020Figure 3.97: Growth forecast in products of European HVAC equipment industry during 2014-2015Figure 3.98: APAC HVAC equipment industry forecast during 2015-2020Figure 3.99: APAC HVAC equipment industry forecast by applications during 2015-2020Figure 3.100: CAGR forecast in applications of APAC HVAC equipment industry during 2015-2020Figure 3.101: Growth rate forecast in applications of APAC HVAC equipment industry during 2014-2015Figure 3.102: APAC HVAC equipment industry forecast by products during 2015-2020Figure 3.103: CAGR forecast in products of APAC HVAC equipment industry during 2015-2020Figure 3.104: Growth rate forecast in products of APAC HVAC equipment industry during 2014-2015Figure 3.105: ROW HVAC equipment industry forecast during 2015-2020Figure 3.106: ROW HVAC equipment industry forecast by market applications during 2015-2020Figure 3.107: CAGR forecast in applications of ROW HVAC equipment industry during 2015-2020
Figure 3.108: Growth rate forecast in applications of ROW HVAC equipment industry during 2014-2015Figure 3.109: ROW HVAC equipment industry forecast by products during 2015-2020Figure 3.110: CAGR forecast of products in ROW HVAC equipment industry during 2015-2020Figure 3.111: Growth rate forecast in products of ROW HVAC equipment industry during 2014-2015Chapter 4. Financial (Cost Structure, Profitability, Debt, and Assets) AnalysisFigure 4.1: Global HVAC equipment industry profitability analysis2009-2014 (%)Figure 4.2: Cost structure of global HVAC equipment industry 2009-2014Figure 4.3: Cost structure in North American HVAC equipment industry 2009-2014Figure 4.4: Cost structure in European HVAC equipment industry 2009-2014Figure 4.5: Cost structure in APAC HVAC equipment industry 2009-2014Figure 4.6: Asset for global HVAC equipment industry 2009-2014 ($B)Figure 4.7: Debt for global HVAC equipment industry 2009-2014 ($B)Chapter 5.CompetitiveLandscape and Growth Opportunities AnalysisFigure 5.1: Market presence of major players of global HVAC equipment industryFigure 5.2: Global market share of HVAC equipment manufacturers in 2014Figure 5.3: Growth leadership matrix in global HVAC equipment industryFigure 5.4: Growth forecasts in applications of global HVAC equipment industryFigure 5.5: Growth forecasts in products of global HVAC equipment industryFigure 5.6: Growth forecasts in regions of global HVAC equipment industryChapter 6.IndustryStrategic AssessmentFigure 6.1: Emerging trends in global HVAC equipment industryList of TablesChapter 1.Executive SummaryTable 1.1: Global HVAC equipment industry parameters and attributesChapter 3. IndustryTrend and Forecast AnalysisTable 3.1: Industry trends (2009-2014) in global HVAC equipment industry ($B)Table 3.2: Average growth rates for one, three, and five years in global HVAC equipment industry Table 3.3: Industry size and annual growth rates during last five years (2009-2014) in applications of global HVAC equipment industryTable 3.4: Industry size and 2013-2014 growth rates in applications of global HVAC equipment industry Table 3.5: Industry size and annual growth rates during last five years (2009-2014) in products of global HVAC equipment industryTable 3.6: Industry size and 2013-2014 growth rates in products of global HVAC equipment industry Table 3.7: Industry trends (2009-2014) in North American HVAC equipment industry ($B)Table 3.8: Average growth rates for one, three, and five years in North American HVAC equipment industryTable 3.9: Industry size and annual growth rates during last five years (2009-2014) in applications of North American HVAC equipment industryTable 3.10: Industry size and 2013-2014 growth rates in application of North American HVAC equipment industry
Table 3.11: Industry size and annual growth rates during last five years (2009-2014) in products of North American HVAC equipment industryTable 3.12: Industry size and 2013-2014 growth rates in products of North American HVAC equipment industry Table 3.13: Industry trends (2009-2014) in European HVAC equipment industry ($B)Table 3.14: Average growth rates for one, three, and five years in European HVAC equipment industry Table 3.15: Industry size and annual growth rates during last five years (2009-2014) in applications of European HVAC Equipment IndustryTable 3.16: Industry size and 2013-2014 growth rates in applications of European HVAC equipment industry Table 3.17: Industry size and annual growth rates during last five years (2009-2014) in products of European HVAC equipment industryTable 3.18: Industry size and 2013-2014 growth rates in products of European HVAC Equipment Industry Table 3.19: Industry trends (2009-2014) in APAC HVAC equipment industry ($B)Table 3.20: Average growth rates for one, three, and five years in APAC HVAC equipment industry Table 3.21: Industry size and annual growth rates during last five years (2009-2014) in applications of APAC HVAC equipment industryTable 3.22: Industry size and 2013-2014 growth rates in applications of APAC HVAC equipment industry Table 3.23: Industry size and annual growth rates during last five years (2009-2014) in products of APAC HVAC equipment industryTable 3.24: Industry size and 2013-2014 growth rates in products of APAC HVAC equipment industryTable 3.25: Industry trends (2009-2014) in ROW HVAC equipment industry ($B)Table 3.26: Average growth rates for one, three, and five years in ROW HVAC equipment industry Table 3.27: Industry size and annual growth rates during last five years (2009-2014) in applications of ROW HVAC equipment industryTable 3.28: Industry size and 2013-2014 growth rates in applications of ROW HVAC equipment industry Table 3.29: Industry size and annual growth rates during lastfive years (2009-2014) in products of ROW HVAC equipment industryTable 3.30: Industry size and 2013-2014 growth rates in products of ROW HVAC equipment industryTable 3.31: Industry forecast (2015-2020) in global HVAC equipment industry ($B)Table 3.32: average growth rates for one, three, and five years in global HVAC equipment industryTable 3.33: Industry size and annual growth rates for next five years (2015-2020) in applications of global HVAC equipment industryTable 3.34: Industry size and 2014-2015 growth rates in applications of global HVAC equipment industry Table 3.35: Industry size and annual growth rates for next five years (2015-2020) in products of global HVAC equipment industryTable 3.36: Industry size and 2014-2015 growth rates of products in global HVAC equipment industryTable 3.37: Industry forecast (2015-2020) in North American HVAC equipment industry ($B)Table 3.38: Average growth rates for one, three, and five years in North American HVAC equipment industry
Table 3.11: Industry size and annual growth rates during last five years (2009-2014) in products of North American HVAC equipment industryTable 3.12: Industry size and 2013-2014 growth rates in products of North American HVAC equipment industry Table 3.13: Industry trends (2009-2014) in European HVAC equipment industry ($B)Table 3.14: Average growth rates for one, three, and five years in European HVAC equipment industry Table 3.15: Industry size and annual growth rates during last five years (2009-2014) in applications of European HVAC Equipment IndustryTable 3.16: Industry size and 2013-2014 growth rates in applications of European HVAC equipment industry Table 3.17: Industry size and annual growth rates during last five years (2009-2014) in products of European HVAC equipment industryTable 3.18: Industry size and 2013-2014 growth rates in products of European HVAC Equipment Industry Table 3.19: Industry trends (2009-2014) in APAC HVAC equipment industry ($B)Table 3.20: Average growth rates for one, three, and five years in APAC HVAC equipment industry Table 3.21: Industry size and annual growth rates during last five years (2009-2014) in applications of APAC HVAC equipment industryTable 3.22: Industry size and 2013-2014 growth rates in applications of APAC HVAC equipment industry Table 3.23: Industry size and annual growth rates during last five years (2009-2014) in products of APAC HVAC equipment industryTable 3.24: Industry size and 2013-2014 growth rates in products of APAC HVAC equipment industryTable 3.25: Industry trends (2009-2014) in ROW HVAC equipment industry ($B)Table 3.26: Average growth rates for one, three, and five years in ROW HVAC equipment industry Table 3.27: Industry size and annual growth rates during last five years (2009-2014) in applications of ROW HVAC equipment industryTable 3.28: Industry size and 2013-2014 growth rates in applications of ROW HVAC equipment industry Table 3.29: Industry size and annual growth rates during lastfive years (2009-2014) in products of ROW HVAC equipment industryTable 3.30: Industry size and 2013-2014 growth rates in products of ROW HVAC equipment industryTable 3.31: Industry forecast (2015-2020) in global HVAC equipment industry ($B)Table 3.32: average growth rates for one, three, and five years in global HVAC equipment industryTable 3.33: Industry size and annual growth rates for next five years (2015-2020) in applications of global HVAC equipment industryTable 3.34: Industry size and 2014-2015 growth rates in applications of global HVAC equipment industry Table 3.35: Industry size and annual growth rates for next five years (2015-2020) in products of global HVAC equipment industryTable 3.36: Industry size and 2014-2015 growth rates of products in global HVAC equipment industryTable 3.37: Industry forecast (2015-2020) in North American HVAC equipment industry ($B)Table 3.38: Average growth rates for one, three, and five years in North American HVAC equipment industry

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