Global demand for HVAC equipment is projected to rise 6.1 percent per year through 2016 to $107 billion. North America will achieve the fastest gains, boosted primarily by an expected US recovery in construction. The Asia/Pacific region will post the second fastest growth rate, led by India and Indonesia. Heat pumps will remain the fastest growing type.
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).