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HVAC Market Research Reports: Latest HVAC Industry Trends & Statistics

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Global HVAC Industry

The global heating, ventilation, and air-conditioning (HVAC) equipment market dominates the sales of the building products industry.

US market recovery will lead demand. 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 to Asia and also further afield to Western Europe and the US.

Market HVAC Segments

The global automotive HVAC 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 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 increasingly 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 HVAC Market Share

Asia-Pacific is set to post the highest increase in HVAC equipment demand. China’s HVAC market will outpace growth in other regions, and will also account for the lion’s share of world demand.

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.

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 systems manufacturers are led by France, Italy, and Germany. Within the EU, Italy dominates the manufacturing of central air conditioning systems. Emerging manufacturing nations such as Turkey and the Czech Republic are expected to maintain double-digit growth. 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.

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Parent industry: Building Products
Related industries: Smart Home

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