World HVAC Equipment

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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Purchase World HVAC Equipment by the Section

  1. World HVAC Equipment

    $6,100.00

    1. 1 INTRODUCTION

      $183.00

    2. 2 EXECUTIVE SUMMARY

      $114.00

      1. Table | WORLD HVAC EQUIPMENT DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,261.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $259.00

        1. 3.2.1 Recent Historical Trends

          $82.00

        2. 3.2.2 World Economic Outlook

          $165.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)

      3. 3.3 Fixed Investment Trends

        $82.00

        1. Table | WORLD FIXED INVESTMENT BY REGION (billion 2010 dollars)

      4. 3.4 Personal Income Trends

        $82.00

        1. Table | WORLD PER CAPITA GDP BY REGION (billion 2010 dollars)

      5. 3.5 World Demographic Overview

        $181.00

        1. 3.5.1 Population

          $82.00

          1. Table | WORLD POPULATION BY REGION (million persons)

        2. 3.5.2 Households

          $82.00

          1. Table | WORLD HOUSEHOLDS BY REGION (millions)

        3. 3.5.3 World Urbanization Patterns

          $82.00

          1. Table | WORLD URBAN POPULATION BY REGION (million persons)

      6. 3.6 Building Construction Expenditures

        $179.00

        1. Table | WORLD BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2010 dollars)

        2. 3.6.1 Residential Construction Expenditures

          $82.00

          1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2010 dollars)

        3. 3.6.2 Nonresidential Construction Expenditures

          $82.00

          1. Table | WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2010 dollars)

      7. 3.7 Climatic & Cultural Factors

        $82.00

      8. 3.8 Pricing Patterns

        $82.00

      9. 3.9 Legal & Regulatory Issues

        $280.00

        1. 3.9.1 Montreal Protocol

          $111.00

        2. 3.9.2 Kyoto Protocol

          $82.00

        3. 3.9.3 Energy Efficiency

          $82.00

      10. 3.10 Technology & Product Innovation

        $82.00

    4. 4 OVERVIEW

      $893.00

      1. 4.1 General

        $82.00

      2. 4.2 Regional Overview

        $286.00

        1. 4.2.1 Demand

          $133.00

          1. Table | WORLD HVAC EQUIPMENT DEMAND BY REGION (million dollars)

        2. 4.2.2 Production

          $82.00

          1. Table | WORLD HVAC EQUIPMENT SHIPMENTS BY REGION (million dollars)

        3. 4.2.3 International Trade

          $82.00

          1. Table | WORLD HVAC EQUIPMENT NET EXPORTS BY REGION (million dollars)

      3. 4.3 Demand by Product

        $552.00

        1. Table | WORLD HVAC EQUIPMENT DEMAND BY PRODUCT (million dollars)

        2. 4.3.1 Room Air Conditioners

          $110.00

          1. Table | WORLD ROOM AIR CONDITIONER DEMAND BY REGION (million dollars)

        3. 4.3.2 Unitary Air Conditioners

          $92.00

          1. Table | WORLD UNITARY AIR CONDITIONER DEMAND BY REGION (million dollars)

        4. 4.3.3 Heat Pumps

          $101.00

          1. Table | WORLD HEAT PUMP DEMAND BY REGION (million dollars)

        5. 4.3.4 Boilers

          $83.00

          1. Table | WORLD BOILER DEMAND BY REGION (million dollars)

        6. 4.3.5 Warm Air Furnaces

          $82.00

          1. Table | WORLD WARM AIR FURNACE DEMAND BY REGION (million dollars)

        7. 4.3.6 Other Heating & Cooling Equipment

          $82.00

          1. Table | WORLD OTHER HEATING & COOLING EQUIPMENT DEMAND BY REGION (million dollars)

    5. 5 NORTH AMERICA

      $879.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: HVAC Equipment Supply & Demand

        $85.00

        1. Table | NORTH AMERICA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 5.3 North America: Demand by Type & Market

        $82.00

        1. Table | NORTH AMERICA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      4. 5.4 United States

        $254.00

        1. Table | UNITED STATES: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED STATES: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      5. 5.5 Canada

        $213.00

        1. Table | CANADA: HVAC EQUIPMENT SUPPLY & DEMAND (million US dollars)

        2. Table | CANADA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million US dollars)

      6. 5.6 Mexico

        $223.00

        1. Table | MEXICO: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | MEXICO: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

    6. 6 WESTERN EUROPE

      $1,613.00

      1. 6.1 Western Europe: General

        $82.00

      2. 6.2 Western Europe: HVAC Equipment Supply & Demand

        $111.00

        1. Table | WESTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 6.3 Western Europe: Demand by Type & Market

        $82.00

        1. Table | WESTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      4. 6.4 France

        $222.00

        1. Table | FRANCE: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | FRANCE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      5. 6.5 Germany

        $266.00

        1. Table | GERMANY: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | GERMANY: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      6. 6.6 Italy

        $229.00

        1. Table | ITALY: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | ITALY: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      7. 6.7 Spain

        $223.00

        1. Table | SPAIN: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | SPAIN: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      8. 6.8 United Kingdom

        $223.00

        1. Table | UNITED KINGDOM: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED KINGDOM: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      9. 6.9 Other Western Europe

        $220.00

        1. Table | OTHER WESTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER WESTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

    7. 7 ASIA/PACIFIC

      $2,178.00

      1. 7.1 Asia/Pacific: General

        $82.00

      2. 7.2 Asia/Pacific: HVAC Equipment Supply & Demand

        $125.00

        1. Table | ASIA/PACIFIC: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 7.3 Asia/Pacific: Demand by Type & Market

        $82.00

        1. Table | ASIA/PACIFIC: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      4. 7.4 Australia

        $249.00

        1. Table | AUSTRALIA: HVAC EQUIPMENT SUPPLY & DEMAND (million US dollars)

        2. Table | AUSTRALIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million US dollars)

      5. 7.5 China

        $356.00

        1. Table | CHINA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | CHINA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      6. 7.6 India

        $272.00

        1. Table | INDIA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | INDIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      7. 7.7 Indonesia

        $253.00

        1. Table | INDONESIA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | INDONESIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      8. 7.8 Japan

        $276.00

        1. Table | JAPAN: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | JAPAN: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      9. 7.9 South Korea

        $267.00

        1. Table | SOUTH KOREA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | SOUTH KOREA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      10. 7.10 Other Asia/Pacific

        $249.00

        1. Table | OTHER ASIA/PACIFIC: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER ASIA/PACIFIC: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

    8. 8 OTHER REGIONS

      $2,447.00

      1. 8.1 Central & South America

        $707.00

        1. 8.1.1 Central & South America: HVAC Equipment Supply & Demand

          $88.00

          1. Table | CENTRAL & SOUTH AMERICA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. 8.1.2 Central & South America: Demand by Type & Market

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

        3. 8.1.3 Brazil

          $254.00

          1. Table | BRAZIL: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | BRAZIL: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

        4. 8.1.4 Other Central & South America

          $240.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | OTHER CENTRAL & SOUTH AMERICA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      2. 8.2 Eastern Europe

        $934.00

        1. 8.2.1 Eastern Europe: HVAC Equipment Supply & Demand

          $85.00

          1. Table | EASTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. 8.2.2 Eastern Europe: Demand by Type & Market

          $82.00

          1. Table | EASTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

        3. 8.2.3 Poland

          $220.00

          1. Table | POLAND: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | POLAND: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

        4. 8.2.4 Russia

          $298.00

          1. Table | RUSSIA: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | RUSSIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

        5. 8.2.5 Other Eastern Europe

          $216.00

          1. Table | OTHER EASTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | OTHER EASTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

      3. 8.3 Africa/Mideast

        $805.00

        1. 8.3.1 Africa/Mideast: HVAC Equipment Supply & Demand

          $87.00

          1. Table | AFRICA/MIDEAST: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. 8.3.2 Africa/Mideast: Demand by Type & Market

          $82.00

          1. Table | AFRICA/MIDEAST: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

        3. 8.3.3 Turkey

          $276.00

          1. Table | TURKEY: HVAC EQUIPMENT DEMAND SUPPLY & DEMAND (million dollars)

          2. Table | TURKEY: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

        4. 8.3.4 Other Africa/Mideast

          $309.00

          1. Table | OTHER AFRICA/MIDEAST: HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | OTHER AFRICA/MIDEAST: HVAC EQUIPMENT DEMAND BY TYPE & MARKET (million dollars)

    9. 9 INDUSTRY STRUCTURE

      $6,138.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $91.00

        1. Table | WORLD HVAC EQUIPMENT SALES BY COMPANY, 2011 (million dollars)

      3. 9.3 Market Share

        $164.00

      4. 9.4 Development & Manufacturing

        $90.00

      5. 9.5 Marketing

        $103.00

      6. 9.6 Distribution

        $82.00

      7. 9.7 Merger & Acquisitions

        $130.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 9.8 Cooperative Agreements

        $351.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 9.9 Company Profiles

        $6,138.00

        1. 9.9.1 Ariston Thermo Group

          $180.00

        2. 9.9.2 Blue Star Limited

          $184.00

        3. 9.9.3 Bosch (Robert) GmbH

          $181.00

        4. 9.9.4 Chunlan Group Corporation

          $82.00

        5. 9.9.5 Daikin Industries Limited

          $411.00

        6. 9.9.6 Danfoss A/S

          $347.00

        7. 9.9.7 Dectron Internationale Incorporated

          $130.00

        8. 9.9.8 De'Longhi SpA

          $82.00

        9. 9.9.9 DeLclima SpA

          $83.00

        10. 9.9.10 Dunham-Bush Holding Berhad

          $148.00

        11. 9.9.11 Elco Holdings Limited

          $233.00

        12. 9.9.12 Electrolux AB

          $82.00

        13. 9.9.13 Emerson Electric Company

          $309.00

        14. 9.9.14 GD Midea Holding Company Limited

          $157.00

        15. 9.9.15 Goodman Global Incorporated

          $101.00

        16. 9.9.16 Gree Electric Appliances Incorporated

          $107.00

        17. 9.9.17 Haier Group Company

          $209.00

        18. 9.9.18 Hitachi Limited

          $221.00

        19. 9.9.19 Ingersoll-Rand plc

          $352.00

        20. 9.9.20 Johnson Controls Incorporated

          $303.00

        21. 9.9.21 Kermi GmbH

          $82.00

        22. 9.9.22 Lennox International Incorporated

          $280.00

        23. 9.9.23 LG Electronics Incorporated

          $118.00

        24. 9.9.24 Mitsubishi Electric Corporation

          $191.00

        25. 9.9.25 Nortek Incorporated

          $311.00

        26. 9.9.26 Paloma Company Limited

          $145.00

        27. 9.9.27 Panasonic Corporation

          $166.00

        28. 9.9.28 Samsung Electronics Company Limited

          $82.00

        29. 9.9.29 Sharp Corporation

          $82.00

        30. 9.9.30 Smiths Group plc

          $107.00

        31. 9.9.31 Tecumseh Products Company

          $133.00

        32. 9.9.32 United Technologies Corporation

          $508.00

        33. 9.9.33 Voltas Limited

          $123.00

        34. 9.9.34 Whirlpool Corporation

          $182.00

      10. 9.10 Additional Companies in World HVAC Equipment

        $187.00

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