Global HVAC Market Growth in 2015: US Having a Fundamental Setup That is Best in Over 10 Years

Aug 10, 2015, 14:20 ET from ReportsnReports

CHICAGO, August 10, 2015 /PRNewswire/ --

ReportsnReports.com adds Market Research on Global & US HVAC (Heating Ventilation Air Conditioning) Industry, 2015 that says global HVAC equipment market is positioned for another year of above-average growth; with a fundamental setup for the US that is the best in over 10 years.

Complete report on HVAC market for global and US regions spread across 251 pages and its HVAC analysis supported with 87 charts is now available at http://www.reportsnreports.com/reports/406772-research-on-global-us-hvac-heating-ventilation-air-conditioning-industry-2015.html .

On the HVAC market front, the stars aligning for residential on employment, lower gas, and higher consumer confidence, all on an easy weather comparison with better price/mix and lower raw materials costs, while commercial markets face a steady nonresidential recovery. The underlying trends here are now firmly above the EE/MI sector average and, importantly, should be sustainable. From a macro perspective, the HVAC market is mostly immune to concerns around currency-related competitive risks.

Potential upside from continued release of pent-up demand and an easy weather comp from a cool summer in 2014. While the pre-buy impact from 13 SEER should reduce reported AHRI volume numbers by 8% in 2015. 14 SEER is positive with less risk around share shift and a positive benefit to margins and sales from mix up, which comes, for some, on a similarly priced cost base.

US Commercial HVAC market remains a more straightforward call, where about 5% growth in 2015/16 based on an ongoing non-res construction recovery (6-7% growth) and stable 4% replacement. Ductless continues to be the talk of the industry, a market that could come to represent 15% of the industry for both residential (~10%) and commercial (~5%).

OEMs were able to realize solid pricing gains in 2014, with most companies announcing low- to mid-single- digit price increases for 2015. Providing dedicated chapters on residential HVAC market, commercial HVAC market, sub-markets and a research on HVAC margins, this market research and analysis repot is supported with 87 global and US focused charts. Order a copy of Research on Global & US HVAC (Heating Ventilation Air Conditioning) Industry, 2015 at http://www.reportsnreports.com/Purchase.aspx?name=406772 .

A partial list of charts provided in this 2015 HVAC market research covers:

Global HVAC Equipment Market Breakdown, 2014
Global HVAC Equipment Market Share, 2014
Global HVAC Equipment Sales, 1986-2016
HVAC OEM Announced Price Increases
Residential Unitary AC/Heat Pump Shipments, 2013-2014
Growth Rate of Windows Units by AHAM & AHRI, 2003-2014
Reported & Underlying Volume Growth Estimates, 2015-2016
Residential Unitary Shipments, 2014-2016
Market Share of Key Players across Various HVAC Market Segments, 2014
Distribution of Global HVAC Market Sales by Segments (including Aftermarket & Services), 2014
Distribution of Global HVAC Market Sales by Segments (excluding Aftermarket & Services), 2014
AC/Heat Pump Units for New Residential Construction in the US, 2004-2016

Smart Thermostat Unit Forecast, 2014-2017
Smart Thermostat Unit Forecast, 2014-2018

Market Share of Ductless Commercial VRF in the US, 2008-2016

US ESCO Revenues by Contract Type, 2014
US ESCO Revenues by Vertical, 2014
US ESCO Revenues by Function, 2014
Summary of Key Global HVAC Players

On similar lines, another US focused research titled HVAC Equipment to 2019 says United States' demand for HVAC equipment is forecast to increase 6.8% annually through 2019 to $20.4 billion, recording gains at about twice the rate of the 2009-2014 period. In large part, advances will be the result of robust gains in building construction spending, especially growth in improvement and repair expenditures. Advances will also be propelled by rising demand for increasingly efficient HVAC systems and other types that have a higher degree of technological sophistication, as these are typically higher value systems. However, federal tax incentives targeted at high-efficiency systems installed in the residential market expired at the end of 2014. Because a number of homeowners took advantage of those incentives and replaced their HVAC systems ahead of schedule, the pool of units which needs replacement will be smaller, reducing sales in the short term. Shipments of HVAC equipment will grow 6% per year through 2019 to $16.5 billion. Imports will account for a growing share of demand for all HVAC products, exceeding 25% of the total in 2019.

Unitary air conditioners will continue to comprise the largest share of total HVAC system demand, accounting for 44 percent of sales by 2019. Advances will benefit from the projected rebound in nonresidential construction spending and the continued improvement in residential construction activity. Heat pumps and warm air furnaces will both post the fastest gains through 2019. Demand for heat pumps, which have heating and cooling capabilities, will be supported by rising sales in the nonresidential market where efficiency gains are of primary importance, particularly as more of the high-value geothermal types are installed. On the other hand, growth of warm air furnaces will largely be in the residential market, where they benefit from low initial costs.

The US HVAC equipment market to 2019 research report (http://www.reportsnreports.com/reports/354196-hvac-equipment-to-2019.html ) says the nonresidential market will continue to comprise the larger share of overall HVAC equipment demand in value terms, due to the larger size of HVAC systems used in these buildings and their subsequently higher cost. However, growth in the residential market will significantly outpace that in the nonresidential market through 2019. The number of new housing units will improve substantially through 2019, providing ample opportunities for new residential HVAC equipment installations.

Company profiles covered in this US HVAC equipment market research to 2019 include AAON Incorporated, ABB Limited, Danfoss A/S , Dectron Internationale Incorporated , Dunham-Bush Holding Berhad , Elco Limited, Electrolux AB, Emerson Electric Company , LG Electronics Incorporated, LSB Industries Incorporated, Mestek Incorporated, Midea Group Company Limited, Modine Manufacturing Company, Motors and Armatures Incorporated, Panasonic Corporation, PB Heat LLC and Tecumseh Products Company . Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=354196 .

For the HVAC market within the manufacturing and construction category, ReportsnReports.com has multiple newly published and relevant research titles:

HVAC Equipment Market in China 2015-2019: Analysts forecast HVAC equipment market in China to grow at a CAGR of 8.51% over the period 2014-2019. The market can be segmented into three based on product type: cooling equipment, heating equipment, and ventilation equipment. Companies mentioned include Carrier, Daikin Industries, Ingersoll Rand, LG, AB Electrolux, GD Midea, Gree Electric Appliances, Haier, Lennox International, Nortek, Paloma Industries, Samsung and Siemens. Read more at http://www.reportsnreports.com/reports/404598-hvac-equipment-market-in-china-2015-2019.html .

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