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World HVAC Equipment Market

  • May 2016
  • -
  • Freedonia
  • -
  • 417 pages

Study coverage

World HVAC Equipment examines the global HVAC equipment market. It presents historical data (2005, 2010, 2015) plus forecasts (2020, 2025) for supply and demand, as well as demand by type (room air conditioners, unitary air conditioners, heat pumps, boilers, warm air furnaces, other) and by market (residential, nonresidential), for six regions and 19 major countries worldwide. This study also considers key market environment factors, assesses the industry structure, analyzes company market share and profiles 31 industry competitors worldwide.

The global HVAC equipment industry is affected by two broad trends: the replacement of older equipment with better performing, more energy efficient types in developed countries and new HVAC equipment installations in developing nations. In general, developing nations will offer stronger growth opportunities for equipment sales due to the relatively low levels of existing installations.

Replacement demand leads in developed regions

According to World HVAC Equipment, a study from The Freedonia Group, the developed world has a large installed base of HVAC equipment in both residential and nonresidential buildings. However, many nations with well-established local HVAC equipment markets were faced with economic hardship between 2010 and 2015 that negatively impacted necessary upgrades. This was most pronounced in Italy and Spain, although demand in much of Western Europe was sluggish. Through 2020, HVAC equipment demand in the region is expected to exhibit strong rebounds as economic growth accelerates.

Developing countries provide best opportunities for new installations
On the other hand, The Freedonia Group projects that opportunities for gains in the developing world, where the current installed base is low, will be much greater. Through 2020, India, Indonesia, and Saudi Arabia will provide the three fastest growing markets for HVAC equipment. In each of these countries, there remains significant potential demand for HVAC equipment, and investment will continue to substantial.

Healthy growth forecast for heat pumps

Among the various HVAC products offered, global sales of heat pumps are expected to increase at the most rapid rate. Heat pumps provide both heating and cooling functions in a single unit, and are one of the most energy efficient types of HVAC equipment. This high level of energy efficiency is particularly important in areas such as Western Europe, where energy regulations are strict. Heat pumps are also preferred because they do not take up much space and can provide hot water. To promote heat pump sales, a number of countries offer financial incentives, such as tax credits in the US. Heat pumps are also forecast to experience strong growth in the developing world since they provide more efficient zoned cooling than room air conditioners, and can provide supplemental heating if needed.

Table Of Contents

World HVAC Equipment Market

INTRODUCTION


EXECUTIVE SUMMARY


MARKET ENVIRONMENT


General


World Economic Overview


Recent Historical Trends


World Economic Outlook


World Fixed Investment Trends


World Personal Income Trends


World Demographic Overview


Population


Households


Urbanization Patterns


World Building Construction Expenditures


Residential Construction Expenditures


Nonresidential Construction Expenditures


Climate and Cultural Factors


Pricing Patterns


Legal and Regulatory Issues


Montreal Protocol


Kyoto Protocol


Energy Efficiency


Technology and Product Innovation


OVERVIEW


General


Regional Overview


Demand


Production


International Trade


Demand by Product


Room Air Conditioners


Heat Pumps


Unitary Air Conditioners


Boilers


Warm Air Furnaces


Other HVAC Equipment


Demand by Market


Residential


Nonresidential


NORTH AMERICA


General


HVAC Equipment Supply and Demand


Demand by Type and Market


United States


Canada


Mexico


WESTERN EUROPE


General


HVAC Equipment Supply and Demand


Demand by Type and Market


Germany


United Kingdom


Italy


France


Spain


Other Western Europe


ASIA/PACIFIC


General


HVAC Equipment Supply and Demand


Demand by Type and Market


China


Japan


India


South Korea


Australia


Indonesia


Other Asia/Pacific


OTHER REGIONS


Central and South America


General


HVAC Equipment Supply and Demand


Demand by Type and Market


Brazil


Other Central and South America


Eastern Europe


General


HVAC Equipment Supply and Demand


Demand by Type and Market


Russia


Poland


Other Eastern Europe


Africa/Mideast


General


HVAC Equipment Supply and Demand


Demand by Type and Market


Turkey


Saudi Arabia


Other Africa/Mideast


INDUSTRY STRUCTURE


General


Industry Composition


Market Share


Development and Manufacturing


Marketing


Distribution


Mergers and Acquisitions


Cooperative Agreements


Company Profiles


Advanced Distributor Products, see Lennox International


AFG Arbonia-Forster-Holding AG


Alliance Compressors, see Emerson Electric, Ingersoll-Rand, and Lennox International


AmbiRad, see Nortek


Ariston Thermo Group


ATAG Heating, see Ariston Thermo Group


Blue Star Limited


Bosch (Robert) GmbH


Broan-NuTone, see Nortek


Carrier, see United Technologies


Carrier Midea India Private, see Midea Group and United Technologies


CES Group, see Nortek


Chaffoteaux, see Ariston Thermo Group


Chongqing Midea General Refrigeration Equipment, see Midea Group and United Technologies


Compagnie Industrielle d'Applications Thermiques, see United Technologies


DAF Enerji Sanayi ve Ticaret AS, see Danfoss A/S


Daikin Industries Limited


Danfoss A/S


Dectron Internationale Incorporated


DeLclima, see Mitsubishi Electric


De'Longhi SpA


Dunham-Bush Holding Berhad


Elco Limited


Elco Shared Services, see Ariston Thermo Group


Electra Consumer Products 1970, see Elco


Electrolux AB


Emerson Electric Company


Gaz Industries, see Nortek


Geoclima, see Zamil Industrial Investment


GMCC-Guangdong Midea Toshiba Compressor, see Midea Group and United Technologies


Goodman Manufacturing, see Daikin Industries


Gree Electric Appliances Incorporated


Haier Group Company


Heatcraft Australia Proprietary, see Lennox International


Hefei MandB Air-Conditioning Equipment, see Midea Group and Bosch (Robert)


Ingersoll-Rand plc


Jiangsu Chunlan Refrigerating Equipment Stock Company Limited


JandE Hall International, see Daikin Industries


Johnson Controls Incorporated


Kermi, see AFG Arbonia-Forster-Holding


Lennox International Incorporated


LG Electronics Incorporated


MELCO Hydronics and IT Cooling, see Mitsubishi Electric


MIBA, see Mitsubishi Electric


Midea Group Company Limited


Misr Refrigeration and Air Conditioning Manufacturing, see Midea Group and United Technologies


Mitsubishi Electric Corporation


Nordyne, see Nortek


Nortek Incorporated


Paloma Company Limited


Panasonic Corporation


Phoenix Wholesale, see Nortek


Reznor Manufacturing, see Nortek


Rheem Manufacturing, see Paloma


Sabiana, see AFG Arbonia-Forster-Holding


Samsung Electronics Company Limited


Sharp Corporation


Smiths Group plc


Thermoplus Air, see Dectron Internationale


Trane, see Ingersoll-Rand


Tutco, see Smiths Group


United Technologies Corporation


Voltas Limited


Whirlpool Corporation


York International, see Johnson Controls


Zamil Industrial Investment Company


Zhuhai Gree Daikin Device, see Daikin Industries and Gree Electric Appliances


Additional Companies in the World HVAC Industry




List of Tables


EXECUTIVE SUMMARY


Summary Table


MARKET ENVIRONMENT


World Gross Domestic Product by Region


World Fixed Investment by Region


World Personal Consumption Expenditures by Region


World Population by Region


World Households by Region


World Urban Population by Region


World Building Construction Expenditures by Region


World Residential Building Construction Expenditure by Region


World Nonresidential Building Construction Expenditure by Region


World HVAC Equipment Prices


OVERVIEW


World HVAC Equipment Demand by Region


World HVAC Equipment Shipments by Region


World HVAC Equipment Net Exports by Region


World HVAC Equipment Demand by Product


World Room Air Conditioner Demand by Region


World Heat Pump Demand by Region


World Unitary Air Conditioner Demand by Region


World Boiler Demand by Region


World Warm Air Furnace Demand by Region


World Other HVAC Equipment Demand by Region


World HVAC Equipment Demand by Market


World Residential HVAC Equipment Demand by Region


World Nonresidential HVAC Equipment Demand by Region


NORTH AMERICA


North America: HVAC Equipment Supply and Demand


North America: HVAC Equipment Demand by Typ and Market


United States: HVAC Equipment Supply and Demand


United States: HVAC Equipment Demand by Type and Market


Canada: HVAC Equipment Supply and Demand


Canada: HVAC Equipment Demand by Type and Country


Mexico: HVAC Equipment Supply and Demand


Mexico: HVAC Equipment Demand by Type and Market


WESTERN EUROPE


Western Europe: HVAC Equipment Supply and Demand


Western Europe: HVAC Equipment Demand by Typ and Market


Germany: HVAC Equipment Supply and Demand


Germany: HVAC Equipment Demand by Type and Market


United Kingdom: HVAC Equipment Supply and Demand


United Kingdom: HVAC Equipment Demand by Typ and Market


Italy: HVAC Equipment Supply and Demand


Italy: HVAC Equipment Demand by Type and Market


France: HVAC Equipment Supply and Demand


France: HVAC Equipment Demand by Type and Market


Spain: HVAC Equipment Supply and Demand


Spain: HVAC Equipment Demand by Type and Market


Other Western Europe: HVAC Equipment Supply and Demand


Other Western Europe: HVAC Equipment Demand by Typ and Market


ASIA/PACIFIC


Asia/Pacific: HVAC Equipment Supply and Demand


Asia/Pacific: HVAC Equipment Demand by Type and Market


China: HVAC Equipment Supply and Demand


China: HVAC Equipment Demand by Type and Market


Japan: HVAC Equipment Supply and Demand


Japan: HVAC Equipment Demand by Type and Market


India: HVAC Equipment Supply and Demand


India: HVAC Equipment Demand by Type and Market


South Korea: HVAC Equipment Supply and Demand


South Korea: HVAC Equipment Demand by Type and Market


Australia: HVAC Equipment Supply and Demand


Australia: HVAC Equipment Demand by Type and Market


Indonesia: HVAC Equipment Supply and Demand


Indonesia: HVAC Equipment Demand by Type and Market


Other Asia/Pacific: HVAC Equipment Supply and Demand


Other Asia/Pacific: HVAC Equipment Demand by Typ and Market


OTHER REGIONS


Central and South America: HVAC Equipment Suppl and Demand


Central and South America: HVAC Equipment Deman by Type and Market


Brazil: HVAC Equipment Supply and Demand


Brazil: HVAC Equipment Demand by Type and Market


Other Central and South America: HVAC Equipment Suppl and Demand


Other Central and South America: HVAC Equipment Deman by Type and Market


Eastern Europe: HVAC Equipment Supply and Demand


Eastern Europe: HVAC Equipment Demand by Typ and Market


Russia: HVAC Equipment Supply and Demand


Russia: HVAC Equipment Demand by Type and Market


Poland: HVAC Equipment Supply and Demand


Poland: HVAC Equipment Demand by Type and Market


Other Eastern Europe: HVAC Equipment Supply and Demand


Other Eastern Europe: HVAC Equipment Demand by Typ and Market


Africa/Mideast: HVAC Equipment Supply and Demand


Africa/Mideast: HVAC Equipment Demand by Typ and Market


Turkey: HVAC Equipment Supply and Demand


Turkey: HVAC Equipment Demand by Type and Market


Saudi Arabia: HVAC Equipment Supply and Demand


Saudi Arabia: HVAC Equipment Demand by Type and Market


Other Africa/Mideast: HVAC Equipment Supply and Demand


Other Africa/Mideast: HVAC Equipment Demand by Typ and Market


INDUSTRY STRUCTURE


World HVAC Equipment Sales by Company, 2015


Selected Acquisitions and Divestitures


Selected Cooperative Agreements




List of Charts


SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
OVERVIEW


World HVAC Equipment Demand by Region, 2015


World HVAC Equipment Demand: Projected 2015-202 Annual Rate of Growth


World HVAC Equipment Shipments by Region, 2015


World HVAC Equipment Demand by Product, 2015


World Room Air Conditioner Demand by Region, 2015


World Heat Pump Demand by Region, 2015


World Unitary Air Conditioner Demand by Region, 2015


World Boiler Demand by Region, 2015


World Warm Air Furnace Demand by Region, 2015


World Other HVAC Equipment Demand by Region, 2015


World HVAC Equipment Demand by Market, 2005-2025


World Residential HVAC Equipment Demand by Region 2015


World Nonresidential HVAC Equipment Demand by Region 2015


NORTH AMERICA


North America: HVAC Equipment Demand by Country, 2015


WESTERN EUROPE


Western Europe: HVAC Equipment Demand by Country, 2015


ASIA/PACIFIC


Asia/Pacific: HVAC Equipment Demand by Country, 2015


SECTION III -- OTHER REGIONS
INDUSTRY STRUCTURE


World HVAC Equipment Market Share, 2015

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