World HVAC Equipment Market

World HVAC Equipment Market

HVAC equipment demand worldwide to increase 5% annually through 2010
World demand for HVAC equipment is projected to rise over five percent per year through 2010, with developing nations expected to register the strongest market gains. Demand in the Asia/Pacific region, in particular China, will continue to benefit from above-average urban population growth and healthy gains in the number of households. Above-average growth will occur in the Africa/Mideast region due to solid gains in the number of households and rising per capita incomes. Eastern Europe will also post strong gains, reflecting rising standards of living in the region.

Advances in the developed regions will be fueled by generally favorable economic conditions and higher income levels, leading to a step-up in building construction activity. Gains in Western Europe will also result from increased consumer exposure to World HVAC demand will exceed $70 billion in 2012
World demand for HVAC equipment is projected to rise more than five percent per year through 2012, exceeding $70 billion. Demand in the Asia/Pacific region will outpace the global average, rising more than six percent annually through 2012.

The US, China and Japan are the largest producers of HVAC equipment. China has grown into a leading supplier of HVAC equipment, due to its inexpensive labor pool, which has made pricing of Chinese goods especially competitive. China has become a major producer in the room air conditioner segment, exporting products to the US, Western Europe and throughout Asia.

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INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

General

World Population Outlook

World Urbanization Patterns

Household Formation Patterns

World Economic Outlook

Recent Economic Performance

Macroeconomic Outlook

Fixed Investment Trends

Personal Income & Expenditure Trends

Building Construction Expenditure Trends

Climatic & Cultural Factors

Pricing Patterns

Legal & Regulatory Issues

Montreal Protocol

Kyoto Protocol

Energy Efficiency

Technology & Product Innovation

III. SUPPLY & DEMAND

General

World HVAC Equipment Markets

Regional Sales Trends

Products

Room Air Conditioners

Unitary Air Conditioners

Other Cooling Equipment

Warm Air Furnaces

Boilers & Other

World HVAC Equipment Production

International Trade Flows

IV. NORTH AMERICA

General

United States

Canada

Mexico

V. WESTERN EUROPE

General

France

Germany

Italy

Spain

United Kingdom

Other Western Europe

VI. ASIA/PACIFIC

General

Australia

China

India

Indonesia

Japan

South Korea

Other Asia/Pacific

VII. OTHER REGIONS

Latin America

Brazil

Other Latin America

Eastern Europe

Poland

Russia

Other Eastern Europe

Africa/Mideast

Turkey

Other Africa/Mideast

VIII. INDUSTRY STRUCTURE

General

Industry Composition

Market Share

Carrier

Trane

Daikin

Haier

Lennox

Matsushita

LG Electronics

Johnson Controls

Others

Product Development & Manufacturing

Marketing

Distribution

Cooperative Agreements

Financial Requirements

Mergers, Acquisitions & Industry Restructuring

Company Profiles

Advanced Distributor Products LLC, see Lennox

Alarko Carrier Industry and Trade Company Incorporated, see United Technologies

Alliance Compressors LLC, see Emerson Electric, Lennox and Trane

Allied Air Enterprises Incorporated, see Lennox

American Standard Companies Incorporated, see Trane

Avenir Energie, see Danfoss

Berg Incorporated, see Johnson Controls

Berjaya Corporation Berhad

Broan-NuTone LLC, see Nortek

Bryant Heating and Cooling Incorporated, see United Technologies

Capital Group, see Johnson Controls

Carlyle Compressor Company, see United Technologies

Carrier Corporation, see United Technologies

Chongqing Midea General Refrigerating Equipment Company Limited, see Midea

Chunlan Group Corporation

Circul-Aire Incorporated, see Dectron

Cleanpak International LLC, see Nortek

Commercial Environmental Systems Group Incorporated, see Nortek

Daikin Industries Limited

Danfoss A/S

Dectron Internationale Incorporated

Developpement Systemes Group, see United Technologies

Ducane Air Conditioning and Heating, see Lennox

Dunham-Bush Holding Berhad

Eaton-Williams Group Limited, see Nortek

EB Ward & Company/Valair, see United Technologies

Electrolux AB

Embraco, see Whirlpool

Emerson Electric Company

Empresa Brasileira de Compressores SA, see Whirlpool

Fedders Corporation

Flexible Technologies Incorporated, see Smiths Group

Fusite, see Emerson Electric

Georgia Chiller Services Incorporated, see United Technologies

Goodman Global Holdings LP

Governair Corporation, see Nortek

Gree Electric Appliances Incorporated

Guangdong Midea Electric Appliances Incorporated, see Midea

Haier Group Company

Hualing Group, see Midea

Huntair Incorporated, see Nortek

International Comfort Products LLC, see United Technologies

J&E Hall International Limited, see Daikin

Johnson Controls Incorporated

Lennox International Incorporated

LG Electronics Incorporated

Mammoth Incorporated, see Nortek

Matsushita Electric Industrial Company Limited

Maytag Corporation, see Whirlpool

McQuay International Incorporated, see Daikin

Metro Mechanical Incorporated, see Johnson Controls

Midea Commercial Air Conditioning Company, see Midea

Midea Group Company Limited

OYL Industries Berhad, see Daikin

Nordyne Incorporated, see Nortek

Normann Etek AS, see Danfoss

Nortek Incorporated

Paloma Industries Limited

Raypak, see Paloma Industries Limited

RefPlus Incorporated, see Dectron

Rheem Manufacturing Company, see Paloma

Ruud Air Conditioning, see Paloma

Samsung Electronics Company Limited

SANYO Electric Company Limited

Schmidt-Bretten Technologies Srl, see Danfoss

Scroll Technologies, see Danfoss

Service Experts Incorporated, see Lennox

Sharp Corporation

Skymark International Incorporated, see Johnson

Smiths Group plc

Tecumseh Products Company

Therm-O-Disc Incorporated, see Emerson Electric

Toshiba Carrier Corporation, see United Technologies

Trane Incorporated

Tutco Incorporated, see Smiths Group

United Technologies Corporation

Universal Comfort Products Private Limited, see Fedders and Voltas

Venmar Ventilation Incorporated, see Nortek

Ventrol Air Handling Systems Incorporated, see Nortek

Voltas Limited

Webco Incorporated, see Nortek

Whirlpool Corporation

White-Rodgers, see Emerson Electric

Zhuhai Lingda Compressor Company Limited, Gree Electric Appliances Incorporated

Other Companies Mentioned in Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 World Urban Population by Region

2 World Households by Region

3 World Gross Domestic Product by Region

4 World Fixed Investment by Region

5 World per Capita GDP by Region

6 World Building Construction Expenditures by Region

SECTION III -- SUPPLY & DEMAND

1 World HVAC Equipment Demand by Region

2 World HVAC Equipment Demand by Product

3 World Room Air Conditioner Demand by Region

4 World Unitary Air Conditioner Demand by Region

5 World Other Cooling Equipment Demand by Region

6 World Warm Air Furnace Demand by Region

7 World Boilers & Other Heating Equipment Demand by Region

8 World Hvac Equipment Shipments by Region

9 World HVAC Equipment Net Exports by Region

SECTION IV -- NORTH AMERICA

1 North America HVAC Equipment Supply & Demand

2 North America HVAC Equipment Demand by Type & Market

3 United States HVAC Equipment Supply & Demand

4 United States HVAC Equipment Demand by Type & Market

5 Canada HVAC Equipment Supply & Demand

6 Canada HVAC Equipment Demand by Type & Market

7 Mexico HVAC Equipment Supply & Demand

8 Mexico HVAC Equipment Demand by Type & Market

SECTION V -- WESTERN EUROPE

1 Western Europe HVAC Equipment Supply & Demand

2 Western Europe HVAC Equipment Demand by Type & Market

3 France HVAC Equipment Supply & Demand

4 France HVAC Equipment Demand by Type & Market

5 Germany HVAC Equipment Supply & Demand

6 Germany HVAC Equipment Demand by Type & Market

7 Italy HVAC Equipment Supply & Demand

8 Italy HVAC Equipment Demand by Type & Market

9 Spain HVAC Equipment Supply & Demand

10 Spain HVAC Equipment Demand by Type & Market

11 United Kingdom HVAC Equipment Supply & Demand

12 United Kingdom HVAC Equipment Demand by Type & Market

13 Other Western Europe HVAC Equipment Supply & Demand

14 Other Western Europe HVAC Equipment Demand by Type & Market

15 Other Western Europe HVAC Equipment Demand by Country

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific HVAC Equipment Supply & Demand

2 Asia/Pacific HVAC Equipment Demand by Type & Market

3 Australia HVAC Equipment Supply & Demand

4 Australia HVAC Equipment Demand by Type & Market

5 China HVAC Equipment Supply & Demand

6 China HVAC Equipment Demand by Type & Market

7 India HVAC Equipment Supply & Demand

8 India HVAC Equipment Demand by Type & Market

9 Indonesia HVAC Equipment Supply & Demand

10 Indonesia HVAC Equipment Demand by Type & Market

11 Japan HVAC Equipment Supply & Demand

12 Japan HVAC Equipment Demand by Type & Market

13 South Korea HVAC Equipment Supply & Demand

14 South Korea HVAC Equipment Demand by Type & Market

15 Other Asia/Pacific HVAC Equipment Supply & Demand

16 Other Asia/Pacific HVAC Equipment Demand by Type & Market

17 Other Asia/Pacific HVAC Equipment Demand by Country

SECTION VII -- OTHER REGIONS

1 Latin America HVAC Equipment Supply & Demand

2 Latin America HVAC Equipment Demand by Type & Market

3 Brazil HVAC Equipment Supply & Demand

4 Brazil HVAC Equipment Demand by Type & Market

5 Other Latin America HVAC Equipment Supply & Demand

6 Other Latin America HVAC Equipment Demand by Type & Market

7 Eastern Europe HVAC Equipment Supply & Demand

8 Eastern Europe HVAC Equipment Demand by Type & Market

9 Poland HVAC Equipment Supply & Demand

10 Poland HVAC Equipment Demand by Type & Market

11 Russia HVAC Equipment Supply & Demand

12 Russia HVAC Equipment Demand by Type & Market

13 Other Eastern Europe HVAC Equipment Supply & Demand

14 Other Eastern Europe HVAC Equipment Demand by Type & Market

15 Africa/Mideast HVAC Equipment Supply & Demand

16 Africa/Mideast HVAC Equipment Demand by Type & Market

17 Turkey HVAC Equipment Supply & Demand

18 Turkey HVAC Equipment Demand by Type & Market

19 Other Africa/Mideast HVAC Equipment Supply & Demand

20 Other Africa/Mideast HVAC Equipment Demand by Type & Market

SECTION VIII -- INDUSTRY STRUCTURE

1 Selected Cooperative Agreements

2 Selected Acquisitions & Divestitures

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Relationship Between HVAC Equipment Demand per Capita & Building Construction Expenditures per Capita, 2007

SECTION III -- SUPPLY & DEMAND

1 World HVAC Equipment Demand by Region, 2007

2 HVAC Equipment Demand Growth by Region, 2007-2012

3 World HVAC Equipment Shipments by Region, 2007

SECTION VIII -- INDUSTRY STRUCTURE

1 World HVAC Equipment Market Share by Company, 2007

 
 

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More Details

Asia/Pacific, Africa/Mideast to lead regional gains
China will be the fastest growing national market, benefitting from above-average urban population growth and healthy gains in the number of households, as well as rising income levels. Above-average growth will also occur in India due to solid gains in the number of households and rising per capita incomes. The other developing countries of Asia and Africa/Mideast will also post strong gains, reflecting rising standards of living in the regions.

Opportunities will also exist in developed regions. Demand in the US, for example, will exhibit recovery by 2012 after a period of sluggishness resulting from the housing crisis. Gains will also exist in Western Europe, as air conditioning becomes more common in residential buildings.

Room, window-type air conditioners to pace cooling equipment growth
Among product types, cooling equipment will continue to outpace heating equipment gains through 2012. This is due to the lower penetration rates of air conditioning equipment. Low ownership rates in Western Europe (relative to other industrialized nations such as the US and Japan) will present growth opportunities. Among products, room air conditioners will post strong gains. Rising income levels in Asia, especially China, will bolster demand in windowtype air conditioners.

Study coverage
These and other findings are analyzed in World HVAC Equipment, the new Freedonia industry study available for $5600. It presents historical data (1997, 2002, 2007) plus forecasts (2012, 2017) for supply and demand by product in six regions and 20 countries. This study also examines market environment factors, evaluates market share data and profiles 28 global industry competitors.