USD 24.37 Bn growth opportunity in Energy Efficient HVAC Systems Market | Driven by demand for reducing energy consumption and operating costs | Technavio

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The global energy efficient HVAC systems market is fragmented. The market is characterized by the presence of well-established international and regional vendors. Many regional vendors of energy efficient HVAC systems are offering customized HVAC solutions at a lower price than many global HVAC system companies, which is increasing the competition in the market. The competitive environment in the global energy efficient HVAC systems market is expected to change significantly during the forecast period due to the ongoing strategic M and A activities, product innovations, and development of high-efficiency HVAC systems.

Daikin Industries Ltd., Emerson Electric Co., Gree Electric Appliances Inc. of Zhuhai, Hitachi Ltd., Ingersoll Rand Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., LIXIL Corp., Mitsubishi Electric Corp., Nortek Inc., Paloma Co. Ltd., Panasonic Corp., Raytheon Technologies Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, The Climate Control Group Inc., Trane Technologies plc, and WaterFurnace International Inc. are some of the major market participants identified by Technavio.

Although the demand for reducing energy consumption and operating costs will offer immense growth opportunities, the higher initial cost of energy efficient HVAC systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Energy Efficient HVAC Systems Market 2022-2026: Segmentation Analysis

Energy Efficient HVAC Systems Market is segmented as below:

• Product
• Air Conditioning
• Heating
• Ventilation
• Geography
• APAC
• North America
• Europe
• South America
• Middle East and Africa

By product, the air conditioning segment generated maximum revenue in the market in 2021. The increased use of air conditioners in residential and commercial spaces is driving the growth of the segment. The market growth in the segment will be significant during the forecast period.

By geography, APAC will have the largest share of the market. The region currently holds 40% of the global market share. Factors such as the rapid growth in population, extreme climatic conditions, rising urbanization, and expansion in the middle-income population are driving the growth of the regional market. China, Japan, and India are the key markets for energy-efficient HVAC systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our energy efficient HVAC systems market report covers the following areas:

• Energy Efficient HVAC Systems Market size
• Energy Efficient HVAC Systems Market trends
• Energy Efficient HVAC Systems Market industry analysis

Energy Efficient HVAC Systems Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the energy efficient HVAC systems market. Backed with competitive intelligence and benchmarking, our research report on the energy efficient HVAC Systems market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Energy Efficient HVAC Systems Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist energy efficient HVAC systems market growth during the next five years
• Estimation of the energy efficient HVAC systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the energy efficient HVAC systems market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of energy efficient HVAC systems market vendors

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Table Of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Air Conditioning - Market size and forecast 2021-2026
• Exhibit 28: Chart on Air Conditioning - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Air Conditioning - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Air Conditioning - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Air Conditioning - Year-over-year growth 2021-2026 (%)

• 5.4 Heating - Market size and forecast 2021-2026
• Exhibit 32: Chart on Heating - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Heating - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Heating - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Heating - Year-over-year growth 2021-2026 (%)

• 5.5 Ventilation - Market size and forecast 2021-2026
• Exhibit 36: Chart on Ventilation - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Ventilation - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Ventilation - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Ventilation - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Product
• Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026
• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Brazil - Market size and forecast 2021-2026
• Exhibit 82: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Brazil - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Brazil - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Daikin Industries Ltd.
• Exhibit 93: Daikin Industries Ltd. - Overview
• Exhibit 94: Daikin Industries Ltd. - Business segments
• Exhibit 95: Daikin Industries Ltd. - Key offerings
• Exhibit 96: Daikin Industries Ltd. - Segment focus

• 10.4 Hitachi Ltd.
• Exhibit 97: Hitachi Ltd. - Overview
• Exhibit 98: Hitachi Ltd. - Business segments
• Exhibit 99: Hitachi Ltd. - Key news
• Exhibit 100: Hitachi Ltd. - Key offerings
• Exhibit 101: Hitachi Ltd. - Segment focus

• 10.5 Ingersoll Rand Inc.
• Exhibit 102: Ingersoll Rand Inc. - Overview
• Exhibit 103: Ingersoll Rand Inc. - Business segments
• Exhibit 104: Ingersoll Rand Inc. - Key offerings
• Exhibit 105: Ingersoll Rand Inc. - Segment focus

• 10.6 Johnson Controls International Plc
• Exhibit 106: Johnson Controls International Plc - Overview
• Exhibit 107: Johnson Controls International Plc - Business segments
• Exhibit 108: Johnson Controls International Plc - Key news
• Exhibit 109: Johnson Controls International Plc - Key offerings
• Exhibit 110: Johnson Controls International Plc - Segment focus

• 10.7 LG Electronics Inc.
• Exhibit 111: LG Electronics Inc. - Overview
• Exhibit 112: LG Electronics Inc. - Business segments
• Exhibit 113: LG Electronics Inc. - Key news
• Exhibit 114: LG Electronics Inc. - Key offerings
• Exhibit 115: LG Electronics Inc. - Segment focus

• 10.8 Mitsubishi Electric Corp.
• Exhibit 116: Mitsubishi Electric Corp. - Overview
• Exhibit 117: Mitsubishi Electric Corp. - Business segments
• Exhibit 118: Mitsubishi Electric Corp. - Key news
• Exhibit 119: Mitsubishi Electric Corp. - Key offerings
• Exhibit 120: Mitsubishi Electric Corp. - Segment focus

• 10.9 Nortek Inc.
• Exhibit 121: Nortek Inc. - Overview
• Exhibit 122: Nortek Inc. - Product / Service
• Exhibit 123: Nortek Inc. - Key offerings

• 10.10 Raytheon Technologies Corp.
• Exhibit 124: Raytheon Technologies Corp. - Overview
• Exhibit 125: Raytheon Technologies Corp. - Business segments
• Exhibit 126: Raytheon Technologies Corp. - Key news
• Exhibit 127: Raytheon Technologies Corp. - Key offerings
• Exhibit 128: Raytheon Technologies Corp. - Segment focus

• 10.11 Robert Bosch GmbH
• Exhibit 129: Robert Bosch GmbH - Overview
• Exhibit 130: Robert Bosch GmbH - Business segments
• Exhibit 131: Robert Bosch GmbH - Key news
• Exhibit 132: Robert Bosch GmbH - Key offerings
• Exhibit 133: Robert Bosch GmbH - Segment focus

• 10.12 Trane Technologies plc
• Exhibit 134: Trane Technologies plc - Overview
• Exhibit 135: Trane Technologies plc - Business segments
• Exhibit 136: Trane Technologies plc - Key offerings
• Exhibit 137: Trane Technologies plc - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 138: Inclusions checklist
• Exhibit 139: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 140: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 141: Research methodology
• Exhibit 142: Validation techniques employed for market sizing
• Exhibit 143: Information sources

• 11.5 List of abbreviations
• Exhibit 144: List of abbreviations

• in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

• slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

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