HVAC Equipment Market Scope, Size, Share, Forecast Report 2030

Description
Segmentation & Scope

Growing Construction Sector Coupled with Rising Need for Energy Efficient Systems to Bode Well for the Market

Growth in the construction industry has opened new opportunities to several businesses. HVAC equipment market has witnessed stable growth on the back of increased adoption in commercial and residential buildings. Perceived benefits of HVAC equipment such as longer service life, high energy efficiency, and improved results have fuelled their adoption across a multitude of applications such as setting high rise building, industrial unit, commercial complex, parking units, hospitals, and hotels where thermal parameters, and quality need to be stable and maintained. Moreover, other macro level aspects such as growing urbanisation, and industrialisation remain instrumental in driving growth of the HVAC equipment market.

IoT in HVAC to Augur Well for the HVAC Equipment Market

Technology penetration in the ventilation space has had significant influence on sales of Internet of Things (IoT) integrated HVAC equipment. Using Internet of Things, configuration of HVAC equipment can be improved. HVAC equipment can be commissioned and set up using application-based tools assisted by cloud. IoT is opening new era of novel possibilities, in turn making it convenient to establish collaboration with partners to provide new offerings. Through IoT, analysis algorithms can be given to HVAC equipment to enhance operations while optimising performance. In addition, data collection and storage in clouds can be used to run predictive maintenance schedules.

Through IoT, monitoring and controlling of HVAC equipment can be carried along with system diagnosis in a cost-effective manner. Moreover, IoT facilitates reduced repair costs, and ongoing maintenance of HVAC equipment. It also allows a real time access to the performance data of HVAC equipment by interpreting it in a user-friendly manner. For instance, buildings powered by IoT can alert faculty and facility managers regarding early warnings of abnormal functionalities in operations through quick diagnosis, thus allowing remote adjustments of units, thus saving costs, and minimising system downtime. In this background, IoT can be considered as the future of HVAC, presenting an optimistic scenario for the market.

Air Conditioning Equipment to Witness High Demand across Residential and Commercial Spaces

Air conditioning equipment is likely to witness high demand, consecutively accounting for a major share in the HVAC equipment market. This can be attributed towards increasing commercial and residential users coupled with regulations from government authorities for eco-friendly, and energy-efficient equipment. For instance, in 2019, 1 GT of carbon dioxide was emitted during space cooling and amounting to about 8.5% of the overall consumption of electricity, according to IEA (International Energy Agency). This further triggered efficient energy equipment, in turn paving the new pathways for HVAC equipment. Moreover, increasing demand for space cooling has resulted in growing installations of energy- and cost-efficient air conditioner equipment across residential and commercial buildings. In addition, controlled air conditioning has gained high importance in hospitals, clinics, and other facilities that require clean and cold temperature. This is expected to drive use of air conditioning systems, in turn contributing towards value growth of the HVAC equipment market.

North America Likely to Hold a Significant Share

Power saving ability and high performance and efficiency offered by HVAC equipment has pushed their adoption across developed economies in North America. Growing activity in the industrial sector including manufacturing facilities, hospitals and institutional facilities has triggered use of HVAC equipment. In addition, increasing number of data centres is also poised to drive growth of the HVAC equipment market in the region. Data centres require optimum level of cooling on a continuous basis to protect servers and other IT infrastructure, which can be managed through HVAC equipment. These aspects coupled with growing presence of companies involved in manufacturing, and distribution of HVAC equipment continue to influence growth of the market in North America.

HVAC Equipment Market: Competitive Landscape

Several companies in the HVAC equipment market are introducing new products backed by advanced technologies to strengthen their market presence. For instance, in 2021, Johnson Controls launched Quantech QWC4 system which is a water-cooled and an addition to the company’s chiller portfolio. This equipment can save around 30% of energy with reduced carbon emissions. In 2020, Honeywell introduced autonomous sustainability solutions for buildings. These solutions provide evaluation of HVAC equipment and provide data on their efficiency, and functioning.

A few of the major players in the market include Daikin Industries Ltd., LG Electronics Inc., Honeywell International Inc., Johnson Controls, Mitsubishi Electric Trane HVAC US LLC, and Danfoss AS.

Regional Classification of the Global HVAC Equipment Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global HVAC Equipment Market

HVAC Equipment Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value and Volume, 2019 - 2022
Volume Consumption at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

Post Sale Support, Research Updates & Offerings

We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.

The report will be prepared in a PPT format and will be delivered in a PDF format.

Additionally, Market Estimation and Forecast numbers will be shared in Excel Workbook.

If a report being sold was published over a year ago, we will offer a complimentary copy of the updated research report along with Market Estimation and Forecast numbers within 2-3 weeks’ time of the sale.

If we update this research study within the next 2 quarters, post purchase of the report, we will offer a Complimentary copy of the updated Market Estimation and Forecast numbers in Excel Workbook.

If there is a geopolitical conflict, pandemic, recession, and the like which can impact global economic scenario and business activity, which might entirely alter the market dynamics or future projections in the industry, we will create a Research Update upon your request at a nominal charge.

1. Executive Summary
1.1. Global HVAC Equipment Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Price Trends Analysis and Future Projects, 2019 - 2030
3.1. Key Highlights
3.2. Prominent Factors Affecting Prices
3.3. By Product
3.4. By Region

4. Global HVAC Equipment Market Outlook, 2019 - 2030
4.1. Global HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
  4.1.1. Key Highlights
  4.1.1.1. Heating
  4.1.1.2. Cooling
  4.1.1.3. Ventilation
4.2. Global HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
  4.2.1. Key Highlights
  4.2.1.1. Residential
  4.2.1.2. Commercial
  4.2.1.3. Industrial
4.3. Global HVAC Equipment Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
  4.3.1. Key Highlights
  4.3.1.1. North America
  4.3.1.2. Europe
  4.3.1.3. Asia Pacific
  4.3.1.4. Latin America
  4.3.1.5. Middle East & Africa
  4.3.2. BPS Analysis/Market Attractiveness Analysis

5. North America HVAC Equipment Market Outlook, 2019 - 2030
5.1. North America HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Heating
  5.1.1.2. Cooling
  5.1.1.3. Ventilation
5.2. North America HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Residential
  5.2.1.2. Commercial
  5.2.1.3. Industrial
5.3. North America HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
  5.3.1. Key Highlights
  5.3.1.1. U.S.
  5.3.1.2. Canada
  5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe HVAC Equipment Market Outlook, 2019 - 2030
6.1. Europe HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Heating
  6.1.1.2. Cooling
  6.1.1.3. Ventilation
6.2. Europe HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Residential
  6.2.1.2. Commercial
  6.2.1.3. Industrial
6.3. Europe HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
  6.3.1. Key Highlights
  6.3.1.1. Germany
  6.3.1.2. France
  6.3.1.3. U.K.
  6.3.1.4. Italy
  6.3.1.5. Spain
  6.3.1.6. Russia
  6.3.1.7. Rest of Europe
  6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific HVAC Equipment Market Outlook, 2019 - 2030
7.1. Asia Pacific HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Heating
  7.1.1.2. Cooling
  7.1.1.3. Ventilation
7.2. Asia Pacific HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Residential
  7.2.1.2. Commercial
  7.2.1.3. Industrial
7.3. Asia Pacific HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
  7.3.1. Key Highlights
  7.3.1.1. China
  7.3.1.2. Japan
  7.3.1.3. South Korea
  7.3.1.4. India
  7.3.1.5. Southeast Asia
  7.3.1.6. Rest of Asia Pacific
  7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America HVAC Equipment Market Outlook, 2019 - 2030
8.1. Latin America HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Heating
  8.1.1.2. Cooling
  8.1.1.3. Ventilation
8.2. Latin America HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Residential
  8.2.1.2. Commercial
  8.2.1.3. Industrial
8.3. Latin America HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
  8.3.1. Key Highlights
  8.3.1.1. Brazil
  8.3.1.2. Mexico
  8.3.1.3. Rest of Latin America
  8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa HVAC Equipment Market Outlook, 2019 - 2030
9.1. Middle East & Africa HVAC Equipment Market Outlook, by Product, Value (US$ Mn), 2019 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Heating
  9.1.1.2. Cooling
  9.1.1.3. Ventilation
9.2. Middle East & Africa HVAC Equipment Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Residential
  9.2.1.2. Commercial
  9.2.1.3. Industrial
9.3. Middle East & Africa HVAC Equipment Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
  9.3.1. Key Highlights
  9.3.1.1. GCC
  9.3.1.2. South Africa
  9.3.1.3. Rest of Middle East & Africa
  9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape
10.1. Company Market Share Analysis, 2022
10.2. Competitive Dashboard
10.3. Company Profiles
  10.3.1. Daikin
  10.3.1.1. Company Overview
  10.3.1.2. Product Portfolio
  10.3.1.3. Financial Overview
  10.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  10.3.2. Johnson Controls
  10.3.3. Ingersoll Rand
  10.3.4. LG Electronics
  10.3.5. Lennox International Inc.
  10.3.6. Nortek Holdings Inc
  10.3.7. Samsung Electronics
  10.3.8. Haier Group
  10.3.9. Panasonic Corporation
  10.3.10. Midea Group
  10.3.11. Emerson Electric Co.
  10.3.12. Trane Technologies
  10.3.13. Gree Electric Appliance Inc.

11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations

HVAC Equipment Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Request Table of Contents / Information

Latest Reports

Our Research Methodology