HVAC systems stand for Heating, Ventilating, and Air Conditioning systems. This group of closely interrelated systems provides thermal comfort and good air quality.
HVAC systems reduce or eliminate interior airborne contaminants such as odors, volatile organic compounds (VOC’s) produced from interior furnishings, chemicals and others, thereby preventing stagnation of the indoor air and providing fresh outdoor air.
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The overall HVAC market has been broadly segmented into Heating, Cooling, Ventilating and General Equipment.
Evaporative Coolers, Air Conditioners, Chillers and Cooling Tower are the different kinds of Cooling Equipment. Ventilation Equipment includes Air Distribution equipment such as Fans, Ducts, Diffusers and Air Treatment Equipment such as Dehumidifier, Air Purifiers and Air Filters.
The HVAC market has also considered the components including Condenser, Compressor, Centrifugal Pumps, Radiators, Control Systems, and Coils. The HVAC market has been fragmented on the basis of the various end-user industry verticals such as Residential, Commercial, Industrial and Automotive to provide an exhaustive overview.
The HVAC market before 2011 was significantly affected due to global economic recession. Since then, there has been an improvement in the HVAC market owing to the increased demand of HVAC equipment from the developing economies.
APAC is the largest market for HVAC equipment, followed by the North America and Europe. Growing Smart Buildings market is expected to drive the growth of Smart HVAC equipment and controls market, facilitated further by the advent of the Internet of Things (IOT) market.
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The prominent market players profiled in this report are:
United Technologies Corp. (Carrier),
Ingersoll-Rand PLC (Trane),
Daikin Industries Ltd,
Haier Group Co.,
LG Electronics Incorporated
Johnson Controls Incorporated amongst others.
The methodology for estimating the HVAC Equipment market involved the conventional utilization of HVAC equipment supply and demand in the industries. All the segmentations have been cross-mapped to understand the market dynamics.
Simultaneously, the companies involved at component, manufacturing, integration and distribution level were also studied from the perspective of their product portfolio, geographical presence, annual turnover and few other parameters to substantiate the estimations. The various shipments of the different HVAC equipment were collected and compiled on a regional basis to evaluate the HVAC market across the globe.
Data was also evaluated from the various associations such as ASHRAE and HRAI. All these estimations were further validated via a thorough primary research with industry experts.
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Table of Contents
- Global Heating, Ventilation & Air Conditioning (HVAC) Industry – Market Overview
- Executive Summary
- Global HVAC Industry – Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis
- Global HVAC Industry – Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the HVAC Industry
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
- Global HVAC Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
- Global HVAC Market – By Heating Equipment and Components
6.2. Heat Pumps
6.3. Warm Air Furnaces
6.5. Space Heaters
- Global HVAC Market – By Cooling Equipment and Components
7.2. Evaporative Coolers
7.3. Air Conditioners
7.3.1. Window Air Conditioner
7.3.2. Split Air Conditioner
7.3.3. Packaged Air Conditioner
7.3.4. Central Air Conditioning System
7.5. Cooling tower
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