World HVAC Equipment

As Quoted In BloombergBusinessweek

The global HVAC equipment industry is affected by two broad trends: the replacement of older equipment with better performing, more energy efficient types in developed countries and new HVAC equipment installations in developing nations. In general, developing nations will offer stronger growth opportunities for equipment sales due to the relatively low levels of existing installations.

Replacement demand leads in developed regions

According to World HVAC Equipment, a study from The Freedonia Group, the developed world has a large installed base of HVAC equipment in both residential and nonresidential buildings. However, many nations with well-established local HVAC equipment markets were faced with economic hardship between 2010 and 2015 that negatively impacted necessary upgrades. This was most pronounced in Italy and Spain, although demand in much of Western Europe was sluggish. Through 2020, HVAC equipment demand in the region is expected to exhibit strong rebounds as economic growth accelerates.

Developing countries provide best opportunities for new installations

On the other hand, The Freedonia Group projects that opportunities for gains in the developing world, where the current installed base is low, will be much greater. Through 2020, India, Indonesia, and Saudi Arabia will provide the three fastest growing markets for HVAC equipment. In each of these countries, there remains significant potential demand for HVAC equipment, and investment will continue to substantial.

Healthy growth forecast for heat pumps

Among the various HVAC products offered, global sales of heat pumps are expected to increase at the most rapid rate. Heat pumps provide both heating and cooling functions in a single unit, and are one of the most energy efficient types of HVAC equipment. This high level of energy efficiency is particularly important in areas such as Western Europe, where energy regulations are strict. Heat pumps are also preferred because they do not take up much space and can provide hot water. To promote heat pump sales, a number of countries offer financial incentives, such as tax credits in the US. Heat pumps are also forecast to experience strong growth in the developing world since they provide more efficient zoned cooling than room air conditioners, and can provide supplemental heating if needed.

Study coverage

World HVAC Equipment examines the global HVAC equipment market. It presents historical data (2005, 2010, 2015) plus forecasts (2020, 2025) for supply and demand, as well as demand by type (room air conditioners, unitary air conditioners, heat pumps, boilers, warm air furnaces, other) and by market (residential, nonresidential), for six regions and 19 major countries worldwide. This study also considers key market environment factors, assesses the industry structure, analyzes company market share and profiles 31 industry competitors worldwide.

Freedonia's market research studies provide timely access to reliable, unbiased analysis from which to benchmark performance and answer critical questions: Is your business growing faster or slower than the overall market? Is your organization gaining or losing market share? Which products and markets are the most desirable to explore for expansion? Are there industry trends or competitor activities that present a threat or opportunity to your business?

Studies offer a great ROI and can help business leaders make informed, analytically driven decisions. When considering the time, effort, and expertise that goes into it, our off-the-shelf research saves our clients time and money.

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  1. World HVAC Equipment

    $6,500.00

    1. 1 INTRODUCTION

      $225.00

    2. 2 EXECUTIVE SUMMARY

      $120.00

      1. Table | WORLD HVAC EQUIPMENT DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,743.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $230.00

        1. 3.2.1 Recent Historical Trends

          $82.00

        2. 3.2.2 World Economic Outlook

          $135.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Fixed Investment Trends

        $82.00

        1. Table | WORLD FIXED INVESTMENT BY REGION

      4. 3.4 World Personal Income Trends

        $176.00

        1. Table | WORLD PERSONAL CONSUMPTION EXPENDITURES BY REGION

      5. 3.5 World Demographic Overview

        $248.00

        1. 3.5.1 Population

          $101.00

          1. Table | WORLD POPULATION BY REGION

        2. 3.5.2 Households

          $82.00

          1. Table | WORLD HOUSEHOLDS BY REGION

        3. 3.5.3 Urbanization Patterns

          $82.00

          1. Table | WORLD URBAN POPULATION BY REGION

      6. 3.6 World Building Construction Expenditures

        $321.00

        1. Table | WORLD BUILDING CONSTRUCTION EXPENDITURES BY REGION

        2. 3.6.1 Residential Construction Expenditures

          $121.00

          1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

        3. 3.6.2 Nonresidential Construction Expenditures

          $82.00

          1. Table | WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

      7. 3.7 Climate & Cultural Factors

        $85.00

      8. 3.8 Pricing Patterns

        $133.00

        1. Table | WORLD HVAC EQUIPMENT PRICES

      9. 3.9 Legal & Regulatory Issues

        $332.00

        1. 3.9.1 Montreal Protocol

          $147.00

        2. 3.9.2 Kyoto Protocol

          $86.00

        3. 3.9.3 Energy Efficiency

          $83.00

      10. 3.10 Technology & Product Innovation

        $97.00

    4. 4 OVERVIEW

      $1,328.00

      1. 4.1 General

        $82.00

      2. 4.2 Regional Overview

        $305.00

        1. 4.2.1 Demand

          $144.00

          1. Table | WORLD HVAC EQUIPMENT DEMAND BY REGION

          2. CHART III-1 WORLD HVAC EQUIPMENT DEMAND BY REGION, 2015

          3. CHART III-2 WORLD HVAC EQUIPMENT DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH

        2. 4.2.2 Production

          $83.00

          1. Table | WORLD HVAC EQUIPMENT SHIPMENTS BY REGION

          2. CHART III-3 WORLD HVAC EQUIPMENT SHIPMENTS BY REGION, 2015

        3. 4.2.3 International Trade

          $82.00

          1. Table | WORLD HVAC EQUIPMENT NET EXPORTS BY REGION

      3. 4.3 Demand by Product

        $733.00

        1. Table | WORLD HVAC EQUIPMENT DEMAND BY PRODUCT

        2. CHART III-4 WORLD HVAC EQUIPMENT DEMAND BY PRODUCT, 2015

        3. 4.3.1 Room Air Conditioners

          $160.00

          1. Table | WORLD ROOM AIR CONDITIONER DEMAND BY REGION

          2. CHART III-5 WORLD ROOM AIR CONDITIONER DEMAND BY REGION, 2015

        4. 4.3.2 Heat Pumps

          $135.00

          1. Table | WORLD HEAT PUMP DEMAND BY REGION

          2. CHART III-6 WORLD HEAT PUMP DEMAND BY REGION, 2015

        5. 4.3.3 Unitary Air Conditioners

          $119.00

          1. Table | WORLD UNITARY AIR CONDITIONER DEMAND BY REGION

          2. CHART III-7 WORLD UNITARY AIR CONDITIONER DEMAND BY REGION, 2015

        6. 4.3.4 Boilers

          $106.00

          1. Table | WORLD BOILER DEMAND BY REGION

          2. CHART III-8 WORLD BOILER DEMAND BY REGION, 2015

        7. 4.3.5 Warm Air Furnaces

          $83.00

          1. Table | WORLD WARM AIR FURNACE DEMAND BY REGION

          2. CHART III-9 WORLD WARM AIR FURNACE DEMAND BY REGION, 2015

        8. 4.3.6 Other HVAC Equipment

          $82.00

          1. Table | WORLD OTHER HVAC EQUIPMENT DEMAND BY REGION

          2. CHART III-10 WORLD OTHER HVAC EQUIPMENT DEMAND BY REGION, 2015

      4. 4.4 Demand by Market

        $230.00

        1. Table | WORLD HVAC EQUIPMENT DEMAND BY MARKET

        2. CHART III-11 WORLD HVAC EQUIPMENT DEMAND BY MARKET, 2005-2025

        3. 4.4.1 Residential

          $82.00

          1. Table | WORLD RESIDENTIAL HVAC EQUIPMENT DEMAND BY REGION

          2. CHART III-12 WORLD RESIDENTIAL HVAC EQUIPMENT DEMAND BY REGION, 2015

        4. 4.4.2 Nonresidential

          $82.00

          1. Table | WORLD NONRESIDENTIAL HVAC EQUIPMENT DEMAND BY REGION

          2. CHART III-13 WORLD NONRESIDENTIAL HVAC EQUIPMENT DEMAND BY REGION, 2015

    5. 5 NORTH AMERICA

      $1,045.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: HVAC Equipment Supply & Demand

        $111.00

        1. Table | NORTH AMERICA: HVAC EQUIPMENT SUPPLY & DEMAND

      3. 5.3 North America: Demand by Type & Market

        $82.00

        1. Table | NORTH AMERICA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        2. CHART IV-1 NORTH AMERICA: HVAC EQUIPMENT DEMAND BY COUNTRY, 2015

      4. 5.4 United States

        $316.00

        1. 5.4.1 United States: General

          $87.00

        2. 5.4.2 United States: HVAC Equipment Supply & Demand

          $158.00

          1. Table | UNITED STATES: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 5.4.3 United States: Demand by Type & Market

          $82.00

          1. Table | UNITED STATES: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      5. 5.5 Canada

        $227.00

        1. 5.5.1 Canada: General

          $82.00

        2. 5.5.2 Canada: HVAC Equipment Supply & Demand

          $97.00

          1. Table | CANADA: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 5.5.3 Canada: Demand by Type & Market

          $82.00

          1. Table | CANADA: HVAC EQUIPMENT DEMAND BY TYPE & COUNTRY

      6. 5.6 Mexico

        $245.00

        1. 5.6.1 Mexico: General

          $82.00

        2. 5.6.2 Mexico: HVAC Equipment Supply & Demand

          $95.00

          1. Table | MEXICO: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 5.6.3 Mexico: Demand by Type & Market

          $82.00

          1. Table | MEXICO: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

    6. 6 WESTERN EUROPE

      $1,764.00

      1. 6.1 Western Europe: General

        $88.00

      2. 6.2 Western Europe: HVAC Equipment Supply & Demand

        $93.00

        1. Table | WESTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND

      3. 6.3 Western Europe: Demand by Type & Market

        $82.00

        1. Table | WESTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        2. CHART V-1 WESTERN EUROPE: HVAC EQUIPMENT DEMAND BY COUNTRY, 2015

      4. 6.4 Germany

        $266.00

        1. 6.4.1 Germany: General

          $82.00

        2. 6.4.2 Germany: HVAC Equipment Supply & Demand

          $120.00

          1. Table | GERMANY: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 6.4.3 Germany: Demand by Type & Market

          $82.00

          1. Table | GERMANY: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      5. 6.5 United Kingdom

        $239.00

        1. 6.5.1 United Kingdom: General

          $82.00

        2. 6.5.2 United Kingdom: HVAC Equipment Supply & Demand

          $90.00

          1. Table | UNITED KINGDOM: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 6.5.3 United Kingdom: Demand by Type & Market

          $82.00

          1. Table | UNITED KINGDOM: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      6. 6.6 Italy

        $269.00

        1. 6.6.1 Italy: General

          $94.00

        2. 6.6.2 Italy: HVAC Equipment Supply & Demand

          $89.00

          1. Table | ITALY: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 6.6.3 Italy: Demand by Type & Market

          $86.00

          1. Table | ITALY: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      7. 6.7 France

        $242.00

        1. 6.7.1 France: General

          $88.00

        2. 6.7.2 France: HVAC Equipment Supply & Demand

          $82.00

          1. Table | FRANCE: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 6.7.3 France: Demand by Type & Market

          $86.00

          1. Table | FRANCE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      8. 6.8 Spain

        $227.00

        1. 6.8.1 Spain: General

          $82.00

        2. 6.8.2 Spain: HVAC Equipment Supply & Demand

          $82.00

          1. Table | SPAIN: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 6.8.3 Spain: Demand by Type & Market

          $82.00

          1. Table | SPAIN: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      9. 6.9 Other Western Europe

        $260.00

        1. 6.9.1 Other Western Europe: General

          $97.00

        2. 6.9.2 Other Western Europe: HVAC Equipment Supply & Demand

          $98.00

          1. Table | OTHER WESTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 6.9.3 Other Western Europe: Demand by Type & Market

          $82.00

          1. Table | OTHER WESTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

    7. 7 ASIA/PACIFIC

      $2,290.00

      1. 7.1 Asia/Pacific: General

        $82.00

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

        $130.00

        1. Table | ASIA/PACIFIC: HVAC EQUIPMENT SUPPLY & DEMAND

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

        $112.00

        1. Table | ASIA/PACIFIC: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        2. CHART VI-1 ASIA/PACIFIC: HVAC EQUIPMENT DEMAND BY COUNTRY, 2015

      4. 7.4 China

        $318.00

        1. 7.4.1 China: General

          $96.00

        2. 7.4.2 China: HVAC Equipment Supply & Demand

          $126.00

          1. Table | CHINA: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 7.4.3 China: Demand by Type & Market

          $96.00

          1. Table | CHINA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      5. 7.5 Japan

        $261.00

        1. 7.5.1 Japan: General

          $82.00

        2. 7.5.2 Japan: HVAC Equipment Supply & Demand

          $108.00

          1. Table | JAPAN: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 7.5.3 Japan: Demand by Type & Market

          $82.00

          1. Table | JAPAN: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      6. 7.6 India

        $290.00

        1. 7.6.1 India: General

          $82.00

        2. 7.6.2 India: HVAC Equipment Supply & Demand

          $100.00

          1. Table | INDIA: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 7.6.3 India: Demand by Type & Market

          $112.00

          1. Table | INDIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      7. 7.7 South Korea

        $279.00

        1. 7.7.1 South Korea: General

          $82.00

        2. 7.7.2 South Korea: HVAC Equipment Supply & Demand

          $98.00

          1. Table | SOUTH KOREA: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 7.7.3 South Korea: Demand by Type & Market

          $105.00

          1. Table | SOUTH KOREA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      8. 7.8 Australia

        $281.00

        1. 7.8.1 Australia: General

          $82.00

        2. 7.8.2 Australia: HVAC Equipment Supply & Demand

          $96.00

          1. Table | AUSTRALIA: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 7.8.3 Australia: Demand by Type & Market

          $133.00

          1. Table | AUSTRALIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      9. 7.9 Indonesia

        $276.00

        1. 7.9.1 Indonesia: General

          $82.00

        2. 7.9.2 Indonesia: HVAC Equipment Supply & Demand

          $130.00

          1. Table | INDONESIA: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 7.9.3 Indonesia: Demand by Type & Market

          $82.00

          1. Table | INDONESIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      10. 7.10 Other Asia/Pacific

        $273.00

        1. 7.10.1 Other Asia/Pacific: General

          $82.00

        2. 7.10.2 Other Asia/Pacific: HVAC Equipment Supply & Demand

          $124.00

          1. Table | OTHER ASIA/PACIFIC: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 7.10.3 Other Asia/Pacific: Demand by Type & Market

          $82.00

          1. Table | OTHER ASIA/PACIFIC: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

    8. 8 OTHER REGIONS

      $2,874.00

      1. 8.1 Central & South America

        $817.00

        1. 8.1.1 Central & South America: General

          $82.00

        2. 8.1.2 Central & South America: HVAC Equipment Supply & Demand

          $103.00

          1. Table | CENTRAL & SOUTH AMERICA: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 8.1.3 Central & South America: Demand by Type & Market

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        4. 8.1.4 Brazil

          $295.00

          1. Table | BRAZIL: HVAC EQUIPMENT SUPPLY & DEMAND

          2. Table | BRAZIL: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        5. 8.1.5 Other Central & South America

          $264.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: HVAC EQUIPMENT SUPPLY & DEMAND

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

      2. 8.2 Eastern Europe

        $999.00

        1. 8.2.1 Eastern Europe: General

          $82.00

        2. 8.2.2 Eastern Europe: HVAC Equipment Supply & Demand

          $87.00

          1. Table | EASTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 8.2.3 Eastern Europe: Demand by Type & Market

          $100.00

          1. Table | EASTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        4. 8.2.4 Russia

          $265.00

          1. Table | RUSSIA: HVAC EQUIPMENT SUPPLY & DEMAND

          2. Table | RUSSIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        5. 8.2.5 Poland

          $231.00

          1. Table | POLAND: HVAC EQUIPMENT SUPPLY & DEMAND

          2. Table | POLAND: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        6. 8.2.6 Other Eastern Europe

          $240.00

          1. Table | OTHER EASTERN EUROPE: HVAC EQUIPMENT SUPPLY & DEMAND

          2. Table | OTHER EASTERN EUROPE: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

      3. 8.3 Africa/Mideast

        $1,058.00

        1. 8.3.1 Africa/Mideast: General

          $83.00

        2. 8.3.2 Africa/Mideast: HVAC Equipment Supply & Demand

          $99.00

          1. Table | AFRICA/MIDEAST: HVAC EQUIPMENT SUPPLY & DEMAND

        3. 8.3.3 Africa/Mideast: Demand by Type & Market

          $82.00

          1. Table | AFRICA/MIDEAST: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        4. 8.3.4 Turkey

          $248.00

          1. Table | TURKEY: HVAC EQUIPMENT SUPPLY & DEMAND

          2. Table | TURKEY: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        5. 8.3.5 Saudi Arabia

          $231.00

          1. Table | SAUDI ARABIA: HVAC EQUIPMENT SUPPLY & DEMAND

          2. Table | SAUDI ARABIA: HVAC EQUIPMENT DEMAND BY TYPE & MARKET

        6. 8.3.6 Other Africa/Mideast

          $315.00

          1. Table | OTHER AFRICA/MIDEAST: HVAC EQUIPMENT SUPPLY & DEMAND

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

    9. 9 INDUSTRY STRUCTURE

      $6,541.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $123.00

        1. Table | WORLD HVAC EQUIPMENT SALES BY COMPANY, 2015

      3. 9.3 Market Share

        $145.00

        1. CHART VIII-1 WORLD HVAC EQUIPMENT MARKET SHARE, 2015

      4. 9.4 Development & Manufacturing

        $106.00

      5. 9.5 Marketing

        $117.00

      6. 9.6 Distribution

        $82.00

      7. 9.7 Mergers & Acquisitions

        $104.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      8. 9.8 Cooperative Agreements

        $301.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 9.9 Company Profiles

        $5,676.00

        1. 9.9.1 AFG Arbonia-Forster-Holding AG

          $124.00

        2. 9.9.2 Ariston Thermo Group

          $162.00

        3. 9.9.3 Blue Star Limited

          $139.00

        4. 9.9.4 Bosch (Robert) GmbH

          $194.00

        5. 9.9.5 Daikin Industries Limited

          $356.00

        6. 9.9.6 Danfoss A/S

          $134.00

        7. 9.9.7 Dectron Internationale Incorporated

          $103.00

        8. 9.9.8 De'Longhi SpA

          $82.00

        9. 9.9.9 Dunham-Bush Holding Berhad

          $124.00

        10. 9.9.10 Elco Limited

          $82.00

        11. 9.9.11 Electrolux AB

          $115.00

        12. 9.9.12 Emerson Electric Company

          $209.00

        13. 9.9.13 Gree Electric Appliances Incorporated

          $91.00

        14. 9.9.14 Haier Group Company

          $187.00

        15. 9.9.15 Ingersoll-Rand plc

          $227.00

        16. 9.9.16 Jiangsu Chunlan Refrigerating Equipment Stock Company Limited

          $82.00

        17. 9.9.17 Johnson Controls Incorporated

          $463.00

        18. 9.9.18 Lennox International Incorporated

          $271.00

        19. 9.9.19 LG Electronics Incorporated

          $134.00

        20. 9.9.20 Midea Group Company Limited

          $226.00

        21. 9.9.21 Mitsubishi Electric Corporation

          $373.00

        22. 9.9.22 Nortek Incorporated

          $366.00

        23. 9.9.23 Paloma Company Limited

          $126.00

        24. 9.9.24 Panasonic Corporation

          $163.00

        25. 9.9.25 Samsung Electronics Company Limited

          $82.00

        26. 9.9.26 Sharp Corporation

          $86.00

        27. 9.9.27 Smiths Group plc

          $82.00

        28. 9.9.28 United Technologies Corporation

          $591.00

        29. 9.9.29 Voltas Limited

          $138.00

        30. 9.9.30 Whirlpool Corporation

          $91.00

        31. 9.9.31 Zamil Industrial Investment Company

          $108.00

      10. 9.10 Additional Companies in the World HVAC Industry

        $145.00

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