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Americas Heating, Ventilation, Air-Conditioning, and Refrigeration (HVACR) Market -Analysis and Forecast: 2017-2023 Focus on Product Types and Refrigeration Cycle Component)

Americas Heating, Ventilation, Air-Conditioning, and Refrigeration (HVACR) Market -Analysis and Forecast: 2017-2023 Focus on Product Types and Refrigeration Cycle Component)

  • May 2017
  • 256 pages
  • ID: 4911754
  • Format: PDF
  • BIS Research

Summary

Table of Contents

Americas HVACR Market anticipated to grow at a CAGR of 5.65% during 2017-2023

Description
Heating, Ventilation Air-conditioning and Refrigeration (HVACR) market in the Americas market is primarily driven by the growing infrastructure projects in the region. Leading manufacturers in the HVACR industry are tapping the market potential by introducing cost effective, energy efficient products in the region.

The rising electricity demand in the region has prompted government and various regulators to develop stringent policies and regulations that govern the HVACR units operation in the region.

This study includes an overview and analysis of the Americas Heating, Ventilation Air-conditioning and Refrigeration (HVACR) market, by type of products and components across various countries in Americas, allowing the researcher to develop a comprehensive outlook of the market. The report provides an extensive insight into various forms of developments, trends, and key participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides an in-depth analysis of the Porter’s five forces model of the HVACR market and an assessment of the factors governing it. The report builds itself upon an all-inclusive value chain providing a clear understanding of the ecosystem of the HVACR products market.

The following key questions are answered in the “Americas Heating, Ventilation Air-conditioning and Refrigeration (HVACR) Market, 2016-2023” report:
- What are major types of HVACR products prevalent in Americas?
- Who are the major players in Americas HVAC market and their respective company profiles?
- What are the key market developments and strategies of leading players in Americas HVACR market?
- What are major drivers, challenges and opportunities for Americas HVACR market?
- What is the market size (value and volume) of window and portable/moveable air conditioners in major countries across Americas region?
- What is the market size (value and volume) of split systems in different countries across Americas region?
- What is the market size (value and volume) of single packaged systems in different countries across Americas region?
- What is the market size (value and volume) of chillers in Americas HVACR market?
- What is the market size (value and volume) of Air Handling Unit (AHU) and Fan Coil Unit (FCU) in different countries across Americas region?
- What is the market size (value) of refrigeration cycle components across different products?
- What is the market share of top five HVACR players in the Americas HVACR market along with their trend analysis?

The report includes the profiles of major players such as Carrier, Trane, Johnson controls, Daikin, Lennox International, among others in the Americas HVACR market, allowing the readers to gain an insight into the various industry trends in this region.

Executive Summary
The growing demand of regulating temperature expanded from industries to large commercial buildings and household applications. HVACR systems are gradually becoming more of a necessity rather than mere luxury products in countries across the Americas region. Countries such as the U.S. and Canada account for the major share of HVACR market in the North America region. Argentina and Brazil currently account for the majority market share in South America primarily due to their hot climate, growing urban population, infrastructure, along with increased construction activities among others.

Per capita income in Americas increased in the recent years has considerably increased the average disposable income. This has been reflected in the residential HVACR market in Americas. Residential market has witnessed significant growth with the increase in the number of unit replacements.

Macro-economic factors such as Gross Domestic Product (GDP), labour force participation, and unemployment rate, among others have led to increase in the construction activities and in turn, have led to an increase in the number of jobs. Furthermore, increase in disposable income has also helped the market grow to a large extent.

The Americas HVACR market volume is estimated to grow at a CAGR of 5.65% during the forecast period, 2017-2023. The demand for HVACR equipment in this region is witnessing an overall steady growth. The growth rate can be attributed to countries such as Brazil, Argentina and Mexico that have shown a huge increase in the demand.

North America has had a very steady growth with U.S. and Canada being the major market share holders. However, South America had a huge increase in demand which can be attributed to increased construction activities in developing countries such as Brazil and Argentina. Also, the entry of Chinese and Japanese OEMs in the market further propelled the market.

In South America, Brazil accounted for majority of the total volume of HVACR products followed by Argentina in the year 2016. The South America HVACR market currently looks promising with the existing large scale demand for the products. Market is expected to grow at a decent pace in the following years. Mini splits and window/ portable together continue to contribute to the majority of share by volume.

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