HVAC Equipment: China

This report forecasts to 2025 heating, ventilation, and air conditioning (HVAC) equipment demand and shipments in nominal US dollars at the manufacturer level in China. Total demand is segmented by product in terms of: room air conditioners; heat pumps; central heating boilers; unitary air conditioners; warm air furnaces; and other products such as absorption chillers, dehumidifiers, liquid chillers, and packaged terminal air conditioners. Total demand is also segmented by market as follows: nonresidential and residential.

To illustrate historical trends, total demand is provided in annual series from 2010 to 2020; shipments and the various segments are reported at five-year intervals for 2010, 2015, and 2020.

Excluded from the scope of this report are: portable versions of equipment such as air conditioners, heaters, dehumidifiers, and humidifiers; sanitary hot water heat pumps; heat pumps used to solely produce hot water, to heat pools, or to provide refrigeration; products associated with combined heat and power generation systems; ventilation systems, including air handlers and ductwork; fluid circulation systems, including radiators used with boilers; used and rental equipment; and equipment used in vehicles. Housing units located in a structure whose primary purpose is something other than habitation, such as a small living space contained in a larger retail facility, are outside of the report's scope.

For any given historical year, US dollar amounts are obtained from values expressed in the applicable local currency. These local currency values are converted to US dollars at the average annual exchange rate for that year. For forecast years, the US dollar amounts assume the same annual exchange rate as that prevailing in 2020.

Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.

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