The Australia and New Zealand heating, ventilation, and air conditioning (HVAC) market attained a $2.3 billion value in 2018 and is predicted to witness a 5.7% CAGR during the forecast period (2019-2024).
The market is experiencing growth due to the stringent government regulations and rising number of commercial and residential projects. HVAC systems are deployed for heating or cooling commercial, industrial, and residential buildings and removing internal airborne contaminants, such as volatile organic compounds, odors emitted from interior furnishings, and various cleaning chemicals, from rooms by delivering fresh outside air.
On the basis of HVAC type, the Australia and New Zealand HVAC market is categorized into ventilation, heating, and cooling systems. Cooling systems accounted for the largest share of the market during the historical period (2014-2018), in terms of value and volume. The reason for this is Australia's sub-tropical climate, improving economic situation, and rising per capita income and global warming. This category is also expected to grow at the highest value CAGR during the forecast period. Further classifications of cooling systems are split units, chillers, room ACs, ducted split/packaged units, and variable refrigerant flow systems.
One of the key drivers of the Australia and New Zealand HVAC market is the growing number of commercial and residential projects. Due to the increasing population and need for housing, the construction market in New Zealand is predicted to attain a size of $41.0 billion by 2023 compared to $34 billion in 2016. The Australian construction market is expected to grow at a rate of 8.0% in 2019. Owing to the growing number of construction projects, the requirement for HVAC systems in these countries is also projected to rise considerably.
Key Topics Covered:
Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.4 Key Stakeholders
Chapter 2. Research Methodology 2.1 Secondary Research 2.2 Primary Research 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 By HVAC Type 22.214.171.124 Heating 126.96.36.199.1 Furnaces 188.8.131.52.2 Heat pumps 184.108.40.206.3 Boilers 220.127.116.11.4 Unitary heaters 18.104.22.168 Ventilation 22.214.171.124.1 Humidifiers/dehumidifiers 126.96.36.199.2 Air cleaners 188.8.131.52.3 Ventilation fans 184.108.40.206.4 Air handling units and fan coil units 220.127.116.11 Cooling 18.104.22.168.1 VRF systems 22.214.171.124.2 Ducted split/packaged units 126.96.36.199.3 Split units 188.8.131.52.4 Chillers 184.108.40.206.5 Room ACs 4.1.2 By End-User 220.127.116.11 Commercial 18.104.22.168.1 Offices and buildings 22.214.171.124.2 Supermarkets/hypermarkets 126.96.36.199.3 Government 188.8.131.52.4 Healthcare 184.108.40.206.5 Hospitality 220.127.116.11.6 Transportation 18.104.22.168.7 Others 22.214.171.124 Industrial 126.96.36.199.1 Oil and gas 188.8.131.52.2 Food and beverage 184.108.40.206.3 Automotive 220.127.116.11.4 Energy and utilities 18.104.22.168.5 Others 22.214.171.124 Residential 4.2 Value Chain Analysis 4.3 Market Dynamics 4.3.1 Trends 126.96.36.199 Adaptation toward district cooling systems 188.8.131.52 Preference toward green buildings 4.3.2 Drivers 184.108.40.206 Rising number of commercial and residential projects 220.127.116.11 Stringent government regulations 4.3.3 Restraints 18.104.22.168 Lack of skilled technicians 22.214.171.124 High upfront cost 4.3.4 Opportunities 126.96.36.199 Use of natural ingredients 188.8.131.52 Demand for solar powered HVAC system 4.4 Porter's Five Forces Analysis
Chapter 5. Australia Market Size and Forecast 5.1 By HVAC Type 5.1.1 Heating, by Equipment Type 5.1.2 Ventilation, by Equipment Type 5.1.3 Cooling, by Equipment Type 5.2 By End-User 5.2.1 Commercial, by Category 5.2.2 Industrial, by Category 5.2.3 Residential
Chapter 6. New Zealand Market Size and Forecast 6.1 By HVAC Type 6.1.1 Heating, by Equipment Type 6.1.2 Ventilation, by Equipment Type 6.1.3 Cooling, by Equipment Type 6.2 By End-User 6.2.1 Commercial, by Category 6.2.2 Industrial, by Category 6.2.3 Residential
Chapter 7. Competitive Landscape 7.1 Ranking of Key Players 7.2 Recent Activities of Key Players 7.3 Strategic Developments of Key Players 7.3.1 Mergers and Acquisitions 7.3.2 Product Launches 7.3.3 Other Developments 7.4 List of Key Players and their Offerings