Growth Opportunities in the US HVAC Equipment Market
NEW YORK, March 30, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the US HVAC (heating, ventilation and air conditioning) equipment market looks good with opportunities in the residential and commercial construction industry. The US HVAC equipment market is expected to reach an estimated $17.5 billion by 2022 and it is forecast to grow at a CAGR of 3.4% from 2017 to 2022.
The future of the US HVAC (heating, ventilation and air conditioning) equipment market looks good with opportunities in the residential and commercial construction industry. The US HVAC equipment market is expected to reach an estimated $17.5 billion by 2022 and it is forecast to grow at a CAGR of 3.4% from 2017 to 2022. The major drivers of growth are higher rate of building renovation and federal tax credits offered in the US to make existing facilities energy efficient and to control greenhouse gas emissions.
Emerging trends, which have a direct impact on the dynamics of the US hvac equipment industry, include the increasing usage of green HVAC, increasing usage of air purification technology, and increasing usage of smart thermostat.
The study includes US hvac equipment market size and forecast for the US hvac equipment market through 2022 segmented by product type, and end use as follows:
US hvac equipment market by Product Type [Volume (M units) and Value ($ million) from 2011 to 2022]:
- Furnace
- Heat Pump
- Central AC
- Room AC
- Others
US hvac equipment market by End Use [Volume (M units) and Value ($ million) from 2011 to 2022]:
- Residential
- Healthcare
- Education
- Hospitality
- Office
- Retail
- Others
US hvac equipment companies profiled in this market report include Lennox, Johnson Controls Inc., Daikin Industries, Ingersoll Rand Plc, and UTC (United Technology and Corporation) are the major manufacturers of the HVAC equipment in the US.
On the basis of our comprehensive research, Lucintel forecasts that central AC segment is expected to show above average growth during the forecast period due to increasing building renovation activities and higher demand for energy efficient HVAC equipment.
Within the US HVAC equipment market, residential is expected to remain the largest segment during the forecast period. Increasing housing starts and increasing penetration of air conditioners are the major driving force that will spur growth for this segment over the forecast period.
Some of the features of "Growth Opportunities in US HVAC Equipment Market 2017-2022: Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: US hvac equipment market size estimation in terms of value ($M) and volume (million units) shipment.
- Trend and forecast analysis: US hvac equipment market trend (2011-2016) and forecast (2017-2022) by segments.
- Segmentation analysis: US hvac equipment market size by various applications such as product, and end use in terms of value and volume shipment
- Growth opportunities: Analysis on growth opportunities in different applications.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of US hvac equipment suppliers.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the US hvac equipment market by product type (furnace, heat pump, central AC, room AC, and others) and by end use (residential, office, retail, hospitality, education, healthcare and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.4. What are the business risks and competitive threats in the US hvac equipment market?
Q.5. What are the emerging trends in this market and reasons behind them?
Q.6. What are some changing customer demands in the market?
Q.7. What are the new developments in the market? Which US hvac equipment companies are leading these developments?
Q.8. Who are the major US hvac equipment suppliers? What strategic initiatives are being taken by key players for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material / product substitution?
Q.10. What M&A activity has occurred in the last 5 years?
Methodology
This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Major raw materials for HVAC equipment are plastics and metals such as copper, aluminum and others.
The major HVAC equipment manufacturers in this market are Johnson Controls Inc., Daikin, Ingersoll-Rand Plc, United Technology Corporation (Carrier) and others. The major distributors that purchase HVAC equipment from manufacturers are Air Solutions Inc., Connor Co., Ingersoll-Rand Residential Solutions, Worrel HVAC Inc., F.W. Webb Co and others.
Read the full report: http://www.reportlinker.com/p04804583-summary/view-report.html
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