HVAC Equipments Market to Exceed USD 139 Billion by 2018, Globally: Transparency Market Research

ALBANY, New York, August 23, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018," the global HVAC equipment market is expected to exceed USD 139 billion by 2018, growing at a CAGR of 8.9% from 2012 to 2018.

Browse the full report at  http://www.transparencymarketresearch.com/hvac-equipment-market.html

Factors such as changes in energy regulations, technological developments by manufacturers to meet these energy efficiency requirements, and growing demand across commercial sector, especially in Asia Pacific region, are some of the key growth drivers. However, the magnitude of impact of these factors on the market varies on a regional basis.

Asia Pacific in particular is experiencing high growth due to robust economic activities, resulting in increased urbanization and rise in consumer spending on luxury goods and services. In addition, growth across North America is showing signs of recovery, particularly in the residential sector. Growth in the non-residential sector, especially across the industrial segment, is slow due to dormancy in industrial activities. The commercial segment for HVAC equipments is growing at a healthy rate, with the tourism sector taking the lead. Commercial segment alone accounted for approximately 40% of market share in 2012.

Activities of industry participants highlight key challenges faced by them and concurrent growth strategies adopted. These players under the stress of market saturation and low profit margins in the developed markets of North America and Europe are now focusing on emerging economies of Asia Pacific and Latin America. Moreover, the binding effect of different environmental protocols/treaties is pushing the need to develop environment friendly equipments, which require heavy investment in research and development activities. This has poised capital challenges for new entrants to the market.

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Analysis of the global HVAC equipment market based on different components identifies cooling units as a dominant segment. Control systems segment is expected to see CAGR of 6.9% for the period 2012 - 2018. This growth is supported by increased usage and demand of control devices from manufacturers. Manufacturers in order to meet changing consumer behavior are developing smart solutions which are then incorporated in new equipments, so as to make them more efficient and responsive to consumer requirements. This has dual impact as it not only generates demand for new equipments but also replacement demand for the obsolete and inefficient equipments.

The revenue analysis of the industry players identified Carrier as the leading player, followed by Daikin in 2012. However, Daikin with its recent acquisition of Goodman is expected to overtake Carrier as the global leader in the near future. The other important players are Haier, Samsung, LG, and Electrolux. Apart from these global players, considerable share of the market is held by different regional and small players. Collectively, they accounted for more than one third of the global market share in 2012.

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In all, the report includes comprehensive analysis of the global HVAC equipments market, by segmenting it into various sub segments such as:

Global HVAC equipments market, equipment type

Heating equipment

  • Heat pumps
  • Furnaces
  • Unitary heaters
  • Boilers

    Cooling equipment

  • Room air conditioners
  • Unitary air conditioners
  • Coolers and others

    Ventilation equipment

  • Ventilation fans/Air pumps
  • Humidifiers/Dehumidifiers

Global HVAC equipments market, by application

Residential

Industrial

Commercial

  • Hospitality
  • Construction
  • Others

    Global HVAC equipments market, by components

    Fan Coil Unit (FCU)

    Heating unit

    Cooling unit

    Ventilation/ductwork

    Control systems

    Global HVAC equipments market, by geography

    North America

    Europe

    Asia Pacific

    Rest of the World (RoW)

Browse all Chemical Industry Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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. We are privileged with a highly experienced team of Analysts, Researchers, and Consultants, who 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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SOURCE Transparency Market Research



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