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HVAC Equipment Market Expected to Reach US$ 155.10 Bn by 2022, Globally:Transparency Market Research

HVAC Equipment Market (Equipment Type: Heating (Heat Pumps, Furnaces, Unitary Heaters, Boilers), Air Conditioning (Room Air Conditioners, Unitary Air Conditioners, Coolers and Others), Ventilation (Ventilation Fans/Air Pumps, Humidifier/Dehumidifiers); End-use Application: Residential, Commercial, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022
Published 09 September 2015
According to a new market report published by Transparency Market Research HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022, the market for HVAC equipment globally is forecast to reach US$ 155.10 Bn by 2022. The demand for all types of HVAC equipment is expected to improve through 2022; however, sales of heat pumps in the heating segment and room air conditioners in the cooling segment will dominate the market through the forecasted period. Demand for unitary air conditioners is also expected to exhibit above average gains, globally. 
 
The global HVAC equipment market was valued at US$ 91.30 Bn in 2013 and is forecast to grow at a CAGR of 6.2% from 2014 to 2022. The HVAC equipment market is driven by factors such as increasing population, rise in new home sales, increasing construction expenditure, and growing industrialization among others. The HVAC industry is aiming to provide cost effective equipment to cater to the energy needs of industrial and commercial customers and meet green technology/process requirements. HVAC players are introducing eco-friendly equipment by phasing out chlorofluorocarbons and hydro chlorofluorocarbons (CFCs and HCFCs) and other harmful refrigerant based equipment.
 
 
Based on geographic regions, the HVAC equipment market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Global HVAC systems by geographic regions are witnessing sharp rise in demand across the North American region which is closely followed by Asia Pacific. Asia Pacific alone accounted for more than 50% of the global HVAC market, and is forecast to retain its leading position by 2022. The leading position of the Asia Pacific HVAC equipment market is due to robust economic developments in China, India and other countries. China is also the largest production base for HVAC systems and a key supplier to the European market.Growth in these regions is driven by local demand as well as demand from lucrative export markets such as Africa and Latin America, which are looking for low priced solutions.
 
Going by the global growth trends, industry players throughout the globe are adopting different strategies so as to ensure higher market shares. Market development and diversification are the strategies widely adopted across the Asia Pacific region, whereas North America and Europe are seeing product development and market penetration as key strategies adopted by industry players. Mergers and acquisitions have become common strategies to minimize the competition and bolster company’s market dominance. Currently, Daikin Industries Ltd. and Carrier Corporation are leaders in the global HVAC equipment market. Daikin gained the leading position in the market post acquisition of North American giant Goodman. A significant share in the global HVAC equipment market is held by small and regional players, and thus leaves enough room for industry players to compete and gain a strong foothold.
 
This report analyzes the global HVAC Equipment market in terms of revenue (US$ Bn). The market has been segmented as follows:
 
Browse the full HVAC Equipment Market (Equipment Type: Heating (Heat Pumps, Furnaces, Unitary Heaters, Boilers), Air Conditioning (Room Air Conditioners, Unitary Air Conditioners, Coolers and Others), Ventilation (Ventilation Fans/Air Pumps, Humidifier/Dehumidifiers); End-use Application: Residential, Commercial, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022 report at http://www.transparencymarketresearch.com/hvac-equipment-market.html
 
HVAC Equipment Market, by Equipment Type:
  • Heating
    • Heat Pumps
    • Furnaces
    • Unitary Heaters
    • Boilers
  • Air Conditioning
    • Room Air Conditioners
    • Unitary Air Conditioners
    • Coolers and Others
  • Ventilation
    • Ventilation Fans/Air Pumps
    • Humidifiers/Dehumidifiers
HVAC Equipment Market, by End-use Application:
  • Residential
  • Commercial
  • Industrial
HVAC Equipment Market, by Geography:
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Indian Subcontinent
    • Australasia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America
About Us
 
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. 
 
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
 
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