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Study #: 3154

Published: 05/2014

Pages: 425

Full Study Price: US$ 6,300

Per Page Price: US$ 35.00 (text) | 60.00 (table)

World HVAC Equipment - Industry Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

Global demand for HVAC equipment is forecast to rise 5.7 percent annually to $120 billion in 2018. The Asia/Pacific region will remain the dominant geographic market, while North America grows the fastest. Heat pumps will lead gains based on lower penetration rates and multiple abilities to heat and cool air, and heat water.

This study analyzes the $91.5 billion world HVAC equipment industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by product (e.g., room air conditioners, unitary air conditioners, heat pumps, boilers, warm air furnaces), world region, and for 18 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 31 industry participants, including GD Midea, Gree Electric Appliances and Daikin Industries.

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				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							      xi

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		World Economic Overview						       5
		   Recent Historical Trends					       5
		   World Economic Outlook					       6
		Fixed Investment Trends						      10
		Personal Income Trends						      12
		World Demographic Overview					      13
		   Population							      14
		   Households							      16
		   World Urbanization Patterns					      18
		Building Construction Expenditures				      20
		   Residential Construction Expenditures			      22
		   Nonresidential Construction Expenditures			      24
		Climate & Cultural Factors					      26
		Pricing Patterns						      28
		Legal & Regulatory Issues					      29
		   Montreal Protocol						      30
		   Kyoto Protocol						      33
		   Energy Efficiency						      35
		Technology & Product Innovation					      37

	III.	OVERVIEW							      40
		General								      40
		Regional Overview						      41
		   Demand							      41
		   Production							      46
		   International Trade						      49
		Demand by Product						      51
		   Room Air Conditioners					      53
		   Unitary Air Conditioners					      58
		   Heat Pumps							      61
		   Boilers							      64
		   Warm Air Furnaces						      67
		   Other Heating & Cooling Equipment				      70

	IV.	NORTH AMERICA							      73
		General								      73
		HVAC Equipment Supply & Demand					      74
		Demand by Type & Market						      78
		United States							      80
		Canada								      88
		Mexico								      95

	V.	WESTERN EUROPE							     102
		General								     102
		HVAC Equipment Supply & Demand					     103
		Demand by Type & Market						     107
		France								     110
		Germany								     116
		Italy								     124
		Spain								     130
		United Kingdom							     137
		Other Western Europe						     142

	VI.	ASIA/PACIFIC							     150
		General								     150
		HVAC Equipment Supply & Demand					     151
		Demand by Type & Market						     155
		Australia							     158
		China								     166
		India								     175
		Indonesia							     184
		Japan								     192
		South Korea							     200
		Other Asia/Pacific						     207

	VII.	OTHER REGIONS							     216
		Central & South America						     216
		   HVAC Equipment Supply & Demand				     217
		   Demand by Type & Market					     221
		   Brazil							     222
		   Other Central & South America				     230
		Eastern Europe							     236
		   HVAC Equipment Supply & Demand				     238
		   Demand by Type & Market					     241
		   Poland							     243
		   Russia							     249
		   Other Eastern Europe						     256
		Africa/Mideast							     262
		   HVAC Equipment Supply & Demand				     264
		   Demand by Type & Market					     267
		   Turkey							     269
		   Other Africa/Mideast						     276

	VIII.	INDUSTRY STRUCTURE						     285
		General								     285
		Industry Composition						     286
		Market Share							     289
		Development & Manufacturing					     293
		Marketing							     295
		Distribution							     297
		Mergers & Acquisitions						     298
		Cooperative Agreements						     301
		Company Profiles						     310
		   Advanced Distributor Products, see Lennox International
		   AFG Arbonia-Forster-Holding AG				     311
		   Airwell France, see Elco Holdings
		   Alliance Compressors, see Emerson Electric, 
		      Ingersoll-Rand, and Lennox International
		   American Standard Heating and Air Conditioning, 
		      see Ingersoll-Rand
		   Ariston Thermo Group						     313
		   Blue Star Limited						     316
		   Bosch (Robert) GmbH						     319
		   Broan-NuTone, see Nortek
		   Carrier, see United Technologies
		   Carrier Midea India Private, see GD Midea Holding and United Technologies
		   CES Group, see Nortek
		   Chaffoteaux, see Ariston Thermo Group
		   Chongqing Midea General Refrigeration Equipment, see 
		      GD Midea Holding
		   Climaveneta, see DeLclima
		   Daikin Industries Limited					     323
		   Danfoss A/S							     331
		   Dectron Internationale Incorporated				     334
		   De’Longhi SpA						     337
		   DeLclima SpA							     338
		   Dunham-Bush Holding Bhd					     340
		   Elco Holdings Limited					     343
		   Elco Shared Services, see Ariston Thermo Group
		   Electra Consumer Products 1970, see Elco Holdings
		   Electrolux AB						     346
		   Emerson Electric Company					     348
		   GD Midea Holding Company Limited				     352
		   Goodman Global Group, see Daikin Industries
		   Gree Electric Appliances Incorporated			     356
		   Haier Group Company						     358
		   Hitachi Limited						     361
		   Ingersoll-Rand plc						     365
		   International Comfort Products, see United Technologies
		   J&E Hall International, see Daikin Industries
		   Jiangsu Chunlan Refrigerating Equipment Stock Company 
		      Limited							     370
		   Johnson Controls Incorporated				     371
		   Kermi, see AFG Arbonia-Forster-Holding
		   Lennox International Incorporated				     377
		   LG Electronics Incorporated					     382
		   McQuay International, see Daikin Industries
		   Misr Refrigeration and Air Conditioning Manufacturing, 
		      see GD Midea Holding and United Technologies
		   Mitsubishi Electric Corporation				     385
		   Nordyne, see Nortek
		   Nortek Incorporated						     389
		   OYL Group, see Daikin Industries
		   OYL-Condair Industries, see Daikin Industries and 
		      Johnson Controls
		   Paloma Company Limited					     394
		   Panasonic Corporation					     397
		   PZP HEATING as, see AFG Arbonia-Forster-Holding
		   Raypak, see Paloma
		   RC Group, see DeLclima
		   Rheem Manufacturing, see Paloma
		   Ruud Manufacturing, see Paloma
		   Samsung Electronics Company Limited				     401
		   Sharp Corporation						     403
		   Thermoplus Air, see Dectron Internationale
		   Trane, see Ingersoll-Rand
		   United Technologies Corporation				     405
		   Voltas Limited						     414
		   Whirlpool Corporation					     416
		   Zhuhai Gree Daikin Device, see Daikin Industries 
		      and Gree Electric Appliances
		Additional Companies						     419


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	World Gross Domestic Product by Region				       9
	2	World Fixed Investment by Region				      11
	3	World Per Capita GDP by Region					      13
	4	World Population by Region					      16
	5	World Households by Region					      18
	6	World Urban Population by Region				      20
	7	World Building Construction Expenditures by Region		      22
	8	World Residential Building Construction Expenditures 
		   by Region							      24
	9	World Nonresidential Building Construction Expenditures 
		   by Region							      26

		SECTION III -- OVERVIEW
	1	World HVAC Equipment Demand by Region				      44
	2	World HVAC Equipment Shipments by Region			      48
	3	World HVAC Equipment Net Exports by Region			      51
	4	World HVAC Equipment Demand by Product				      52
	5	World Room Air Conditioner Demand by Region			      57
	6	World Unitary Air Conditioner Demand by Region			      60
	7	World Heat Pump Demand by Region				      63
	8	World Boiler Demand by Region					      66
	9	World Warm Air Furnace Demand by Region				      69
	10	World Other Heating & Cooling Equipment Demand 
		   by Region							      71

		SECTION IV -- NORTH AMERICA
	1	North America: HVAC Equipment Supply & Demand			      77
	2	North America: HVAC Equipment Demand by Type & Market		      79
	3	United States: HVAC Equipment Supply & Demand			      85
	4	United States: HVAC Equipment Demand by Type & Market		      88
	5	Canada: HVAC Equipment Supply & Demand				      92
	6	Canada: HVAC Equipment Demand by Type & Market			      94
	7	Mexico: HVAC Equipment Supply & Demand				      99
	8	Mexico: HVAC Equipment Demand by Type & Market			     101

		SECTION V -- WESTERN EUROPE
	1	Western Europe: HVAC Equipment Supply & Demand			     106
	2	Western Europe: HVAC Equipment Demand by Type 
		   & Market							     109
	3	France: HVAC Equipment Supply & Demand				     113
	4	France: HVAC Equipment Demand by Type & Market			     116
	5	Germany: HVAC Equipment Supply & Demand				     121
	6	Germany: HVAC Equipment Demand by Type & Market			     124
	7	Italy: HVAC Equipment Supply & Demand				     128
	8	Italy: HVAC Equipment Demand by Type & Market			     130
	9	Spain: HVAC Equipment Supply & Demand				     134
	10	Spain: HVAC Equipment Demand by Type & Market			     136
	11	United Kingdom: HVAC Equipment Supply & Demand			     140
	12	United Kingdom: HVAC Equipment Demand by Type 
		   & Market							     142
	13	Other Western Europe: HVAC Equipment Supply & Demand		     146
	14	Other Western Europe: HVAC Equipment Demand by Type 
		   & Market							     149

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific: HVAC Equipment Supply & Demand			     154
	2	Asia/Pacific: HVAC Equipment Demand by Type & Market		     157
	3	Australia: HVAC Equipment Supply & Demand			     162
	4	Australia: HVAC Equipment Demand by Type & Market		     166
	5	China: HVAC Equipment Supply & Demand				     172
	6	China: HVAC Equipment Demand by Type & Market			     175
	7	India: HVAC Equipment Supply & Demand				     180
	8	India: HVAC Equipment Demand by Type & Market			     184
	9	Indonesia: HVAC Equipment Supply & Demand			     189
	10	Indonesia: HVAC Equipment Demand by Type & Market		     192
	11	Japan: HVAC Equipment Supply & Demand				     197
	12	Japan: HVAC Equipment Demand by Type & Market			     200
	13	South Korea: HVAC Equipment Supply & Demand			     204
	14	South Korea: HVAC Equipment Demand by Type & Market		     207
	15	Other Asia/Pacific: HVAC Equipment Supply & Demand		     212
	16	Other Asia/Pacific: HVAC Equipment Demand by Type 
		   & Market							     215

		SECTION VII -- OTHER REGIONS
	1	Central & South America: HVAC Equipment Supply 
		   & Demand							     220
	2	Central & South America: HVAC Equipment Demand 
		   by Type & Market						     222
	3	Brazil: HVAC Equipment Supply & Demand				     227
	4	Brazil: HVAC Equipment Demand by Type & Market			     230
	5	Other Central & South America: HVAC Equipment Supply 
		   & Demand							     234
	6	Other Central & South America: HVAC Equipment Demand 
		   by Type & Market						     236
	7	Eastern Europe: HVAC Equipment Supply & Demand			     240
	8	Eastern Europe: HVAC Equipment Demand by Type 
		   & Market							     242
	9	Poland: HVAC Equipment Supply & Demand				     246
	10	Poland: HVAC Equipment Demand by Type & Market			     248
	11	Russia: HVAC Equipment Supply & Demand				     253
	12	Russia: HVAC Equipment Demand by Type & Market			     256
	13	Other Eastern Europe: HVAC Equipment Supply & Demand		     260
	14	Other Eastern Europe: HVAC Equipment Demand by Type 
		   & Market							     262
	15	Africa/Mideast: HVAC Equipment Supply & Demand			     266
	16	Africa/Mideast: HVAC Equipment Demand by Type 
		   & Market							     269
	17	Turkey: HVAC Equipment Demand Supply & Demand			     273
	18	Turkey: HVAC Equipment Demand by Type & Market			     275
	19	Other Africa/Mideast: HVAC Equipment Supply & Demand		     281
	20	Other Africa/Mideast: HVAC Equipment Demand by Type 
		   & Market							     284

		SECTION VIII -- INDUSTRY STRUCTURE
	1	World HVAC Equipment Sales by Company, 2013			     288
	2	Selected Acquisitions & Divestitures				     300
	3	Selected Cooperative Agreements					     304


				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION III -- OVERVIEW
	1	World HVAC Equipment Demand by Region, 2013			      45
	2	World HVAC Equipment Demand by Region, 2003-2023		      46
	3	World HVAC Equipment Shipments by Region, 2013			      49
	4	World HVAC Equipment Demand by Product, 2013			      53
	5	World Room Air Conditioner Demand by Region, 2013		      58
	6	World Unitary Air Conditioner Demand by Region, 2013		      61
	7	World Heat Pump Demand by Region, 2013				      64
	8	World Boiler Demand by Region, 2013				      67
	9	World Warm Air Furnace Demand by Region, 2013			      70
	10	World Other Heating & Cooling Equipment Demand 
		   by Region, 2013						      72

		SECTION IV -- NORTH AMERICA
	1	North America: HVAC Equipment Demand by Country, 2013		      80

		SECTION V -- WESTERN EUROPE
	1	Western Europe: HVAC Equipment Demand by Country, 2013		     110

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific: HVAC Equipment Demand by Country, 2013		     158


		SECTION VIII -- INDUSTRY STRUCTURE
	1	World HVAC Equipment Market Share, 2013				     290




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