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World HVAC Equipment to 2016 (Heating, Ventilation, Air Conditioning)

 
 





Study #: 2889
Document Type: Industry Study
Date Published: Jun-2012
Format:
   Full study: PDF
   Section, Pages, Tables and Charts: HTML
Pages: 444
Full Study Price: $6,100.00
       

    

Worldwide sales of heat pumps and unitary air conditioners, along with a US recovery and rapid growth in China, will spur gains in overall HVAC equipment demand through 2016.

Global HVAC demand to reach $107 billion in 2016

Global demand for HVAC equipment is projected to increase 6.1 percent per year through 2016 to $107 billion. This growth rate is an acceleration from the gains of the 2006-2011 period, reflecting in part the reduced 2011 bases of the developed countries as the global recession of 2009 restrained construction spending and reduced access to financing. Economic recovery and the corresponding improvement in construction activity in several key markets, particularly the large US market, will aid gains through 2016.

North America will pace developed region gains; China to be fastest growing nation

North America is anticipated to achieve the fastest average annual advances through 2016, boosted primarily by the US recovery. Gains in Canada will be slower, reflecting already high penetration rates and construction markets that were less affected by the global recession. Low air conditioning system ownership rates in Western Europe (relative to other industrialized nations) will present opportunities, although gains will be limited by the slowest regional growth in building construction through 2016. However, regulations regarding energy efficiency and the use of more environmentally friendly refrigerants will boost sales of HVAC equipment in Western Europe and other developed markets.

HVAC demand growth in the Asia/Pacific region will outpace the global average, increasing 6.4 percent per year through 2016. Four of the world’s fastest growing national markets reside in this region. Rapid growth in building construction spending, along with rising industrialization and per capita incomes, the ongoing modernization of the housing stock, and opportunities arising from the relatively low penetration rates, will aid advances. China will exhibit the largest growth, comprising one-third of global demand gains from 2011 to 2016. Market gains have predominantly been spurred by the nation’s rapid industrialization, resulting in large increases in building construction expenditures, as well as by rising personal incomes and favorable government programs that boosted market penetration in rural areas.

Heat pumps, unitary air conditioners to lead gains

Sales of all types of HVAC equipment are expected to improve through 2016 from low 2011 bases. Heat pumps will continue to post the fastest growth, reflecting the lower penetration rate in many markets, plus the ability of these systems to provide both heating and cooling capabilities, and to offer greater energy efficiency than most other cooling systems. Demand for unitary air conditioners will also register above average gains, particularly in markets with strong nonresidential construction activity.

Study Scope

This study analyzes the $79.6 billion world HVAC equipment industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., room air conditioners, unitary air conditioners, heat pumps, boilers, warm air furnaces), world region and for 18 major countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 34 industry participants, including Daikin Industries, Gree Electric Appliances and United Technologies (UTC).
 










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