HVAC Equipment Market: 2.89% Y-O-Y Growth Rate in 2021 | Market Outlook and Segmentation by Top Key Players - Daikin Industries Ltd., Fujitsu Ltd., Nortek Inc., and More

NEW YORK, July 8, 2022 /PRNewswire/ -- The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The value chain of HVAC Equipment Market includes – Inputs, Inbound logistics, Operations, Outbound logistics, Marketing and sales, Service, Support activities, and Innovation. The HVAC equipment market is segmented by Geography (APAC, Europe, North America, MEA, and South America). 53% of the market's growth will originate from APAC during the forecast period. China, US, Japan, Germany, and UK are the key markets in APAC. Market growth in this region will be faster than the growth of the market in regions. Cost advantages associated with renting HVAC equipment will facilitate the market growth in APAC over the forecast period. 

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The HVAC Equipment Market Share is expected to increase by USD 41.82 billion from 2020 to 2025, with an accelerated CAGR of 6.15%- according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

Segmentation Analysis & Forecasts

The HVAC equipment market is segmented by Product (air conditioning equipment, heating equipment, and ventilation equipment) and End-user (non-residential and residential). The market share growth by the air conditioning equipment segment will be significant during the forecast period. The market for air conditioning equipment is expected to grow due to several factors, such as the rising temperature and humidity levels across the globe. Moreover, the increase in per capita income and growing preference for air conditioning products will further escalate the segment growth for the market in focus. The increase in the number of hotels, hospitals, multiplexes, and auditoriums across the globe is another major factor influencing the market growth.

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Latest Drivers & Challenges of the Market-

• HVAC Equipment Market Driver: 
• Increasing residential and commercial construction activities:

Infrastructural projects related to commercial and residential buildings are increasing globally at a significant rate, owing to population growth and regulatory support from various government bodies for construction projects. As the population increases, the need for residential and commercial spaces will rise, which, in turn, will boost the number of construction projects. The number of residential and commercial buildings is rapidly increasing in developing countries such as the UAE, Saudi Arabia, India, and China, which will propel the demand for HVAC equipment.

• HVAC Equipment Market Challenge:
• Stringent regulations:

Vendors that offer HVAC equipment must comply with the regulations framed by various government organizations and independent agencies. These regulations are aimed at ensuring that proper measures are taken while operating, installing, and manufacturing HVAC equipment. The ACCA standard focuses on the new installation requirements for HVAC systems. As per this regulation, the correct design, proper installation, and testing have a large impact on consumers' satisfaction as well as on energy savings. This standard details the level of performance, which ensures that sound industry practices are followed during the design and installation phases of an HVAC system. The design shall also consider the effects of fire on HVAC systems. Compliance with such regulations can increase the cost borne by the vendors, which, in turn, can affect their profit margins. Non-compliance can lead to penalties, including suspension of licenses, imprisonment, and an order to cease future operations. This can further impact revenue generation in the global HVAC equipment market during the forecast period.

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Vendor Insights-

The HVAC equipment market report offers information on several market vendors, including Daikin Industries Ltd., Fujitsu Ltd., Haier Smart Home Co. Ltd., Ingersoll Rand Inc, Johnson Controls International Plc, LG Electronics Inc., MIDEA GROUP, Nortek Inc., Robert Bosch GmbH, and Samsung Electronics Co. Ltd. among others. Moreover, the market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

• Daikin Industries Ltd.- The company offers various HVAC equipment which includes outdoor air processing unit, heat reclaim ventilator and others.
• Fujitsu Ltd.- The company offers various HVAC equipment which includes Split system, Multi Split system, Airstage VRF and others.
• Haier Smart Home Co. Ltd.- The company offers reliable, efficient and high quality solutions for air conditioning under HVAC equipment.

For More Information on the Production, Sustainability, and Prospects of the Leading Companies. View Sample Report

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Here are Some Similar Topics-

HVAC Equipment Market in Europe by End-user and Geography - Forecast and Analysis 2021-2025: The HVAC equipment market size in Europe has the potential to grow by USD 9.95 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 5.96%. 43% of the market's growth will originate from the rest of Europe during the forecast period. Germany is one of the key markets for HVAC equipment market in Europe. Find More Research Insights Here

HVAC Rental Equipment Market by End-user and Geography - Forecast and Analysis 2021-2025: The HVAC rental equipment market share is expected to increase by USD 1.34 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.53%. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The value chain of the market includes – Inputs, Inbound logistics, Operations, Outbound logistics, Marketing and sales, Service, Support activities, and Innovation. Find More Research Insights Here

Table of Contents

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market

• 2.2 Market characteristics 
• Exhibit 02: Market characteristics

• 2.3 Value chain analysis
• Exhibit 03: Value Chain Analysis : Electrical Components and Equipment Market

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025 
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers 
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers 
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants 
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes 
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 15: Product - Market share 2020-2025 (%)

• 5.2 Comparison by Product 
• Exhibit 16: Comparison by Product

• 5.3 Air conditioning equipment - Market size and forecast 2020-2025 
• Exhibit 17: Air conditioning equipment - Market size and forecast 2020-2025 ($ billion)
• Exhibit 18: Air conditioning equipment - Year-over-year growth 2020-2025 (%)

• 5.4 Heating equipment - Market size and forecast 2020-2025 
• Exhibit 19: Heating equipment - Market size and forecast 2020-2025 ($ billion)
• Exhibit 20: Heating equipment - Year-over-year growth 2020-2025 (%)

• 5.5 Ventilation equipment - Market size and forecast 2020-2025 
• Exhibit 21: Ventilation equipment - Market size and forecast 2020-2025 ($ billion)
• Exhibit 22: Ventilation equipment - Year-over-year growth 2020-2025 (%)

• 5.6 Market opportunity by Product 
• Exhibit 23: Market opportunity by Product

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 24: End-user - Market share 2020-2025 (%)

• 6.2 Comparison by End-user 
• Exhibit 25: Comparison by End-user

• 6.3 Non-residential - Market size and forecast 2020-2025 
• Exhibit 26: Non-residential - Market size and forecast 2020-2025 ($ billion)
• Exhibit 27: Non-residential - Year-over-year growth 2020-2025 (%)

• 6.4 Residential - Market size and forecast 2020-2025 
• Exhibit 28: Residential - Market size and forecast 2020-2025 ($ billion)
• Exhibit 29: Residential - Year-over-year growth 2020-2025 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 30: Market opportunity by End-user

7 Customer landscape

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 32: Market share by geography 2020-2025 (%)

• 8.2 Geographic comparison 
• Exhibit 33: Geographic comparison

• 8.3 APAC - Market size and forecast 2020-2025 
• Exhibit 34: APAC - Market size and forecast 2020-2025 ($ billion)
• Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)

• 8.4 Europe - Market size and forecast 2020-2025 
• Exhibit 36: Europe - Market size and forecast 2020-2025 ($ billion)
• Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)

• 8.5 North America - Market size and forecast 2020-2025 
• Exhibit 38: North America - Market size and forecast 2020-2025 ($ billion)
• Exhibit 39: North America - Year-over-year growth 2020-2025 (%)

• 8.6 MEA - Market size and forecast 2020-2025 
• Exhibit 40: MEA - Market size and forecast 2020-2025 ($ billion)
• Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)

• 8.7 South America - Market size and forecast 2020-2025 
• Exhibit 42: South America - Market size and forecast 2020-2025 ($ billion)
• Exhibit 43: South America - Year-over-year growth 2020-2025 (%)

• 8.8 Key leading countries 
• Exhibit 44: Key leading countries

• 8.9 Market opportunity by geography 
• Exhibit 45: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 47: Vendor landscape

• 10.3 Landscape disruption
• Exhibit 48: Landscape disruption
• Exhibit 49: Industry risks

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 50: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 51: Market positioning of vendors

• 11.3 Daikin Industries Ltd. 
• Exhibit 52: Daikin Industries Ltd. - Overview
• Exhibit 53: Daikin Industries Ltd. - Business segments
• Exhibit 54: Daikin Industries Ltd. - Key news
• Exhibit 55: Daikin Industries Ltd. - Key offerings
• Exhibit 56: Daikin Industries Ltd. - Segment focus

• 11.4 Fujitsu Ltd.
• Exhibit 57: Fujitsu Ltd. - Overview
• Exhibit 58: Fujitsu Ltd. - Business segments
• Exhibit 59: Fujitsu Ltd. - Key news
• Exhibit 60: Fujitsu Ltd. - Key offerings
• Exhibit 61: Fujitsu Ltd. - Segment focus

• 11.5 Haier Smart Home Co. Ltd. 
• Exhibit 62: Haier Smart Home Co. Ltd. - Overview
• Exhibit 63: Haier Smart Home Co. Ltd. - Business segments
• Exhibit 64: Haier Smart Home Co. Ltd. - Key news
• Exhibit 65: Haier Smart Home Co. Ltd. - Key offerings
• Exhibit 66: Haier Smart Home Co. Ltd. - Segment focus

• 11.6 Ingersoll Rand Inc
• Exhibit 67: Ingersoll Rand Inc - Overview
• Exhibit 68: Ingersoll Rand Inc - Business segments
• Exhibit 69: Ingersoll Rand Inc - Key offerings
• Exhibit 70: Ingersoll Rand Inc - Segment focus

• 11.7 Johnson Controls International Plc 
• Exhibit 71: Johnson Controls International Plc - Overview
• Exhibit 72: Johnson Controls International Plc - Business segments
• Exhibit 73: Johnson Controls International Plc - Key news
• Exhibit 74: Johnson Controls International Plc - Key offerings
• Exhibit 75: Johnson Controls International Plc - Segment focus

• 11.8 LG Electronics Inc.
• Exhibit 76: LG Electronics Inc. - Overview
• Exhibit 77: LG Electronics Inc. - Business segments
• Exhibit 78: Haier Smart Home Co. Ltd. - Key news
• Exhibit 79: LG Electronics Inc. - Key offerings
• Exhibit 80: LG Electronics Inc. - Segment focus

• 11.9 MIDEA GROUP
• Exhibit 81: MIDEA GROUP - Overview
• Exhibit 82: MIDEA GROUP - Business segments
• Exhibit 83: MIDEA GROUP - Key news
• Exhibit 84: MIDEA GROUP - Key offerings

• 11.10 Nortek Inc.
• Exhibit 85: Nortek Inc. - Overview
• Exhibit 86: Nortek Inc. - Business segments
• Exhibit 87: Nortek Inc. - Key offerings
• Exhibit 88: Nortek Inc. - Segment focus

• 11.11 Robert Bosch GmbH
• Exhibit 89: Robert Bosch GmbH - Overview
• Exhibit 90: Robert Bosch GmbH - Product and service
• Exhibit 91: Robert Bosch GmbH - Key news
• Exhibit 92: Robert Bosch GmbH - Key offerings
• Exhibit 93: Robert Bosch GmbH - Segment focus

• 11.12 Samsung Electronics Co. Ltd. 
• Exhibit 94: Samsung Electronics Co. Ltd. - Overview
• Exhibit 95: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 96: Samsung Electronics Co. Ltd. - Key news
• Exhibit 97: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 98: Samsung Electronics Co. Ltd. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$ 
• Exhibit 99: Currency conversion rates for US$

• 12.3 Research methodology
• Exhibit 100: Research Methodology
• Exhibit 101: Validation techniques employed for market sizing
• Exhibit 102: Information sources

• 12.4 List of abbreviations 
• Exhibit 103: List of abbreviations

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