Global HVAC Market Analysis and Forecast (2013 â€“ 2018)
By Systems (Heating, Air Conditioning, Ventilation, Air Treatment & Others); Verticals (Commercial, Residential & Industrial)
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TABLE OF CONTENTS 1. Global HVAC Industry – Market Overview 2. Executive Summary 3. Global HVAC Industry – Market Landscape 3.1. Market Share Analysis 3.2. Comparative Analysis 3.2.1.
End user profiling
Top 5 Financials Analysis
4. Global HVAC Industry – Market Forces 4.1. Market Drivers 4.2. Market Constraints 4.3. Market Challenges 4.4. Attractiveness of the HVAC Industry 4.4.1.
Power of Suppliers
Power of Customers
Threat of New entrants
Threat of Substitution
Degree of Competition
5. Global HVAC Market – Strategic Analysis 5.1. Value Chain Analysis 5.2. Pricing Analysis 5.3. Opportunities Analysis
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5.4. Product/Market Life Cycle Analysis 5.5. Suppliers and Distributors 6. Global HVAC Market â€“ Systems & Components Analysis 6.1. Introduction 6.2. Air Handling Equipment & Components 6.2.1.
Room Air Distribution Equipment
Air-Cooling and Dehumidifying Coils
6.3. Heating Equipment & Components 6.3.1.
Warm Air Furnaces
Room & Zone Heating Equipment
6.4. Cooling Equipment & Components 6.4.1.
Unitary Air Conditioners
Room Air Conditioners
Absorption Liquid Chilling Systems
Packaged Terminal Air Conditioners
6.5. General Components
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Motors, Motor Controls, and Variable-Speed Drives
Pipes, Tubes, and Fittings
7. Global Air Conditioning Market â€“ Product Types Analysis 7.1. Introduction 7.2. Window Air Conditioner 7.3. Split Air Conditioner 7.4. Packaged Air Conditioner 7.5. Central Air Conditioning System 8. Global Air Treatment Filtration and De-dusting Market By Type 8.1. Air Treatment Products 8.2. Air Purifiers 8.3. Air Filtration 8.3.1.
8.4. Air Filters 8.5. Air Filters â€“ By End use Types 8.5.1.
Fabric Air Pollution
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9. Global HVAC Market â€“ End Use Verticals Analysis 9.1. Residential 9.2. Commercial 9.2.1.
9.3. Institutions 9.3.1.
9.4. Industrial Buildings 9.5. Others 10. Heating, Ventilation & Air Conditioning (HVAC) Market, By Geography 10.1.
North America 10.2.1. U.S. 10.2.2. Canada 10.2.3. Mexico
South America 10.3.1. Brazil 10.3.2. Argentina 10.3.3. Others
Europe 10.4.1. U.K.
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10.4.2. Germany 10.4.3. France 10.4.4. Italy 10.4.5. Spain 10.4.6. Rest of Europe 10.5.
Asia Pacific 10.5.1. China 10.5.2. Japan 10.5.3. India 10.5.4. South Korea 10.5.5. Others
ROW 10.6.1. Middle East 10.6.2. Africa
11. Market Entropy 11.1.
New Product Launches
M&As, Collaborations, JVs and Partnerships
12. Investment Opportunities â€“ Analysis by Target companies/customers, Capital Investments, ROI, Payback Period and Source of Funds. 13. Company Profiles 13.1.
Carrier, United Technologies
Daikin Industries Limited
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ECR International Incorporated
Emerson Electric Company
13.10. GeoSystems, 13.11. Haier Group Company 13.12. Heat Controller Incorporated 13.13. Honeywell International Inc. 13.14. Ingersoll-Rand PLC 13.15. Johnson Controls Incorporated 13.16. LG Electronics Incorporated 13.17. Panasonic Corporation 13.18. Sharp Corporation 13.19. Siemens Building Technologies Ag 13.20. Thomas & Betts Corporation 13.21. Voltas Ltd. 13.22. Whirlpool Corporation 14. Appendix 14.1.
Compilation of Expert Insights
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REPORT SCOPE & STAKEHOLDERS SCOPE: The HVAC market has been segmented by different product types like air handling equipment, heating equipment, cooling equipment along with air treatment, air filtration and de-dusting market segments. Heat pumps, humidifiers/dehumidifiers, boilers, furnaces, air conditioners, ventilation fans, air pumps are some of the key product types in this market. The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2013 are provided. The prominent players profiled in this report are UTC, Hitachi, Ingersoll-Rand, Daikin, LG Electronics, Lennox and others. STAKEHOLDERS: Product OEMs, contract manufacturers, service providers, component suppliers, system integrators, and maintenance companies are the key stakeholders in this market.
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REPORT DESCRIPTION HVAC (heating, ventilation and air conditioning) is the technology for air conditioning and comfort in vehicles and indoor environments. HVAC is a very important design in constructions of large buildings such as skyscrapers and in marine environments such as aquariums, where air is regulated continuously to maintain fresh and healthy environment and temperature using fresh air from outside. The Global Market for HVAC Systems has been down due to the economic crisis and the market has shifted paradigm in recent years. The old systems were basic analog based electrical systems and these still make up the majority of the installed systems. The newer systems are more energy efficient and environment friendly. This is the reason the shift to newer systems is making the market rise. Global HVAC market is a $150bn+ industry and is growing at a CAGR of around 3.4% through 2018.
SAMPLE TABLE â€“ 1: GLOBAL HVAC MARKET, BY REGION (2013-2018)
CAGR (%) 2013-2020
Source: IndustryARC Analysis
APAC remains the largest market for air conditioning sales, accounting for 45-47% of the total market, followed by the Americas region and Europe. The Chinese market is not only the largest market in Asia, but also the biggest market in the world. Approximately 65-70% of the HVAC systems are manufactured in china in 2013.
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SAMPLE GRAPH â€“ 1: GLOBAL MARKET FOR HVAC SYSTEMS â€“ 2018 80 Demand in $Bn By 2018
70 60 50 40 30 20 10 0 North America
Region Source: IndustryARC Analysis
The current market report has been segmented by geography as North America, Europe, Asia, and Rest of the World (RoW). Market size and forecast is provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the global HVAC market and future opportunities are provided in the report. This report on the Global HVAC Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the HVAC market.
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MARKET - TRENDS Technology and especially the developments in energy efficient systems are helping the growth of the HVAC market. Air-conditioning is the dominant product segment with applications in industries, households and automotives. Automotive air-conditioning is expected to grow at 7% yearly with major players like Denso, Behr, Valeo and Delphi operating in this space. Energy efficient HVAC is a relatively small but emerging segment and has a market size of around $18.5bn currently but is expected to grow at a CAGR of 83% during the forecast period. Air filters and filter media markets are also high growth product segments with growth rates of around 12%. Key players operating in this segment are Lydall, Flanders, Kimberly-Clark, Johns Manville, UPF and PGI.
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RESEARCH METHODOLOGY The quantitative and qualitative data collected for the HVAC market report is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or managers of leading HVAC solution providers. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by products, services and geography based on different factors like primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights. We have used various secondary sources such as directories, articles, white papers, newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and collect information for extensive technical and commercial study of the HVAC market. The key players in the market and its value chain were identified through secondary research and their market opinions were also gathered in a similar way through telephonic interviews and questionnaires. We have also studied the annual reports of these top market players. Interviews with key opinion leaders such as directors, managers, and marketing personnel were used extensively in understanding the need and emergence of HVAC market.
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THE ARC ADVANTAGE An analytical model lies at the core of our process, ensuring logical consistency throughout our research. We complement the model with secondary data and interviews with industry experts to reflect the latest trends. With our final expert validation, we provide you with only the most accurate and actionable intelligence.
THE ARC PROCESS Analytical Method 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market 3. Assign weights to these factors in terms of their relevance and impact on the market 4. Build the Analytical Model ANALYTICAL MODEL
1. Get a topdown estimate of the market 2. Follow it up with a bottom-up estimate of the market 3. Check forconsistency and new growth factors that are relevant over the next 10 Years
4. Build the Base model BASE MODEL
Consolidation Method 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market. 3. Assign weights to these factors in terms of their relevance and impact on the market. 4. Build the Consolidated Model
Delphi Verification 1. Verify the findings of the model with experts from across the value chain 2. Verify the findings with players across small and large enterprises 3. Tweak the model and add new factors 4. Finalize the ARC Model
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