The Global HVAC Market - MIDEA CACmideacac.gr/wp-content/uploads/2016/12/The-Global-HVAC-Market.pdf · Global Chiller Sales 2014 to 2020 ... Reciprocating Screw Scroll Centrifugal

The Global HVAC MarketAmber Liu

Product Promotion Specialist

China AC Market

Global AC Trends

Global AC Market

Global AC Market

130,7

126,6 126,3

115

120

125

130

135

140

145

2014 2015 2016 2017 2018 2019 2020

Global AC Unit Sales 2014 to 2020 (Millions of Units)

Source: The Building Services Research and Information Association (BSRIA)

99,194,1 95,3

0

20

40

60

80

100

120

2014 2015 2016 2017 2018 2019 2020

Global AC Sales 2014 to 2020 (US$bn)


Global AC Market

Source: The Building Services Research and Information Association (BSRIA)ll

Global AC Market

Global AC Sales 2015 by Regions (US$bn)

53,4

20,2

10,3 10,2

56,7%

21,5%

10,9% 10,8%

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

60,0%

0,0

10,0

20,0

30,0

40,0

50,0

60,0

Total Asia Pacific Total Amercias Total ME,Inida,Africa

Total Eruope

Values

Share


Global AC Market

30,3

14,7

12,0

3,82,3 1,9 1,7 1,3 1,3 1,1 1,0 0,9

-11,9%

8,1%

-4,0%

-7,3%

4,5%

26,7%

-41,4%

-7,1%

-7,1%

0,0%

-23,1%

-18,2%

-50,0%

-40,0%

-30,0%

-20,0%

-10,0%

0,0%

10,0%

20,0%

30,0%

40,0%

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

2015

YOY

AC Sales 2015 (US$bn) – Top 12 Countries

USA

Mexico

Brazil

Sweden

France

SpainGreece

EgyptK.S.A

Kuwait

Iran

QatarIndia

Philippines

Vietnam

Indonesia

Australia

Russia

ChinaJapan

Hot spots > 10% Growth

Warm spots > 5-10% Growth

Cold spots < 0% Growth


Global AC Market

Hot and Cold spots

Product Category

Share

VRF 11% (9.7$bn)

Chillers 8% (7.7 $bn)

AHU & FCU 8% (7 $bn)

Ducted Splits (Including US ducted)

11% (9.6 $bn)

Rooftops 4% (3.6 $bn)

Total CACAround 40%, 38 $bn

Single Unducted Splits55%

Single Ducted Splits11%

Multi Split3%

VRF11%

Rooftops4%

AHU6%

Indoor Packaged0%

Chillers8%

Fan Coils2%


Global AC Market

0

500.000

1.000.000

1.500.000

2.000.000

2014 2015 2016 2017 2018 2019 2020

Total Middle East India Africa

Total Europe

Total Asia Pacific

Total Americas

1,321,745

1,644,670

1,760,645

1,456,006

1,550,034

1,890,229

1,357,178

Global VRF Unit Sales 2014 to 2020


Global AC Market

0

100.000

200.000

300.000

400.000

500.000

600.000

700.000

800.000

900.000805.098

127.000

68.75031.765 26.720 25.865 18.793 17.600 15.271 14.507 13.996 12.520 11.800 11.490 11.078

Global VRF Unit Sales by Country 2015


Global AC Market

Global Chiller Sales 2014 to 2020 (US$m) Chiller Sales 2015 (US$m) Top 10 Countries


Global AC Market

China Domination – Production and Size


Global AC Market

China AC Market

Global AC Trends

Global AC Market

34,4

30,328,4 27,7 28,2 28,8 29,7

0

5

10

15

20

25

30

35

40

2014 2015 2016 2017 2018 2019 2020

China AC Sales (US$bn)


China AC Market

No.1 in Global AC market

No.1 for Chillers

No.1 for VRF

No.1 for FCU

No.1 for Splits

No.3 for AHU

China HVAC

Single Unducted

Splits73%

Single Ducted Splits

4%

VRF12%

AHU2%

Chillers8%

Fan Coils1%

China AC Sales Breakdown by Product 2015


China AC Market

784.142 805.098870.250

930.963988.443

1.065.343

1.153.116

0

200.000

400.000

600.000

800.000

1.000.000

1.200.000

1.400.000

2014 2015 2016 2017 2018 2019 2020

China VRF Unit Sales 2014 to 2020


China AC Market

3,93,7 3,8

3,94,2

4,4

4,7

0

1

2

3

4

5

2014 2015 2016 2017 2018 2019 2020

China VRF Sales 2014 to 2020 (US$bn)


China AC Market

276.226

248.742

226.688216.792 223.642

232.810245.545

3.115

2.545

2.189 2.0202.006 2.014

2.044

0

50.000

100.000

150.000

200.000

250.000

300.000

2014 2015 2016 2017 2018 2019 2020

China Chillers Unit Sales by Compressor Type 2014 - 2020

Reciprocating Screw Scroll Centrifugal Absorption


China AC Market

1.626,51.407,0 1.272,6 1.208,3 1.223,6 1.263,2 1.318,4

760,9

673,6616,3

591,7 588,7 602,3 622,1

412,2

328,6

279,3257,0 254,4 254,4

257,0

0

500

1.000

1.500

2.000

2.500

3.000

2014 2015 2016 2017 2018 2019 2020

China Chiller Sales by Compressor Type 2014 to 2020 (US$m)

Reciprocating Screw Scroll Centrifugal Absorption


China AC Market

138,44

97,7589,75

-2,28%

-29,04%

-7,40%

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

0

20

40

60

80

100

120

140

160

Midea Gree Haier

Sales Revenue 2015 (Billion RMB) - Top 3 Chinese HA Companies

2015 Sales Revenue (Billion RMB) Growth Rate Y14-Y15

China AC Market

China AC Market

Midea Gree DaikinHisense-Hitachi

JCI MQ HaierMHI-Haier

ME Toshiba AUX MHI Samsung

Total CAC Revenue 12,6 10,9 7,8 4,7 4,0 3,3 3,2 1,4 1,3 1,1 0,6 0,5 0,5

VRF Revenue 5,4 4,1 7,1 4,5 0,4 0,4 1,7 1,1 1,2 1,0 0,2 0,5 0,5

VRF Export 0,8 0,4 0,0 0,1 0,0 0,0 0,2 0,2 0,0 0,0 0,0 0,0 0,0

VRF in China 4,7 3,6 7,1 4,4 0,4 0,4 1,5 1,0 1,2 1,0 0,1 0,5 0,5

12,6

10,9

7,8

4,7 4,0 3,3 3,2

1,4 1,3 1,1 0,6 0,5 0,5

0,0

2,0

4,0

6,0

8,0

10,0

12,0

14,0

CAC Players Sales 2015 (Billion RMB)

Midea CAC occupies market share(12.6/68)=18.5%Midea CAC VRF occupies market Share (5.45/29.9)=18.2%Midea CAC VRF export occupies market share (0.77/2.01)=38.3%

Source: Beijing Zhi xindao Consulting Co.,Ltd.

Above 1.2 billion

0.6 to 1.2 billion

0.5 to 0.6 billion

0.3 to 0.5 billion

0.15 to 0.3 billion

0.08 to 0.15 billion

Below 0.08 billion

USD

Midea ranks No.1 in the

Chinese HVAC industry

18.5% market share

Note: Data shown indicate factory shipments

China AC Market

Midea CAC Position

China AC Market

Global AC Trends

Global AC Market

Critical

Very certain

VRF vs. Chillers

AC products going into the cloud Legislation

European economyslow to pick up

Refrigerant R410Anew R32+ , R290?

US slowdown/uncertainty

Market globalization and industry consolidation

Energy efficiency and renewablesSmart buildings

smart homes

Chinese slowdown

Global AC Trends

Market Drivers/Market Restraints

Global AC Trends

What is Shaping the Global Market?

Challenging environment for customers and suppliers

Global AC Trends

Powerful Drivers for the HVAC Market

• Life Cycle Costing

• Improved tools for comparing environmental impact

• Design for recovery/recycling/reuse

• Zero leak systems

• Reduced refrigerant charge

• Reduced waste

• Less/no packaging materials

Maximizing the effectiveness of resource use while minimizing the impact of that use on the environment

ASHRAE

Global AC Trends

Sustainability

Global AC Trends

Many Opportunities in Retrofit

0

2

4

6

8

10

12

14

Y2012 Y2013 Y2014 Y2015 Y2016 Y2017

8.4

128% CAGR


Global AC Trends

VRF Rising

Diverse global markets (differing customer requirements)

More knowledgeable customers (internet)

Improved flexible manufacturing technologies

Reduced development cycles

Reduced manufacturing cycles

Customer expectations (speed)

Global AC Trends

Mass Customization

HCFC-22 phase-out

Many new HVAC applications are using HFC-410A

Customer expectations

R32, R290 need regulations

R1234yf?

Different regulations in developed and developing countries

Global AC Trends

Refrigerant Evolution

Global AC Trends

Refrigerant Issue – F-gas Regulation

VRF has been widely used and is growing quickly

Fan motors with more speeds to control airflow, such as DC fan motors

Modulation technology prevents wide temperature swings and provides

dehumidification control

Frequent system on/off is prevented, improving efficiency

Digital control, inverter control and VSD technology

Global AC Trends

Modulated / Adjustable

More accurate

More reliable

Lower cost

Smart, Wi-Fi-connected thermostats

Global AC Trends

User – Friendly Controls with Advancing Sensor Tech.

Preventative and proactive

Improved operating efficiency

Interactive

Trend forecasting

Global AC Trends

Intelligent and Self-diagnostic System

Global AC Trends

Home Automation Evolution

Evolving market requirements drive technology changes

Global AC Trends

Technology

Thank you

Documents

The Global HVAC Market - MIDEA CACmideacac.gr/wp-content/uploads/2016/12/The-Global-HVAC-Market.pdf · Global Chiller Sales 2014 to 2020 ... Reciprocating Screw Scroll Centrifugal