Heat, ventilation, air condition (HVAC) market size, demand & global opportunity analysis outlook 2021

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Global HVAC Market Outlook :

Industry Insights & Opportunity Evaluation,

2015-2021


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Global HVAC Market Overview

Heat, ventilation and air-conditioning (HVAC) systems are

used to perform proper heating or cooling inside

commercial/industrial and residential buildings. These

systems are also used to maintain proper circulation of

fresh air inside the buildings in order to curb the growth of

moulds, bad odour and other contaminants.

The global HVAC market is anticipated to reach USD 69.0

Billion by 2021, exhibiting a compound annual growth rate

(CAGR) of 4.4%. Regionally, the global HVAC market is

segmented into North America, Latin America, Western

and Eastern Europe, Asia-Pacific, Middle East and North

Africa (MENA) and Rest of World (Row).

Market Segmentation

By Equipment Type

Heating (Furnaces, heat pumps, boilers and unitary

heaters)

Ventilation (Humidifier/Dehumidifiers, Ventilation

Fans/Air Pumps)

Air-conditioning (Unitary air conditioners, room air

conditioners, coolers and others)

By End-User


XX%

13.3%

XX%

12.5%

10.5%

XX%

XX%

XX%

Global HVAC Market Share (%)- By End-User, 2015

Single familyhomes

Healthcare&institutionalbuildingsEducationalbuildings

Other

Manufacturing &industrail buildings

Office buildings

Apartmentbuildings

S

o

u

r

c

e

:

P

r

i

m

a

r

y

Sources: Research Nester

Residential

Commercial/Industrial

Growth Drivers and challenges

Rapid upsurge of global population coupled with

expanding industrial units is anticipated to be a key driver

of the global HVAC market during the forecast period i.e.

2015-2021.


In addition to that, rising income levels of population in

emerging markets and government regulation to ensure

proper energy level inside buildings is also expected to

augment the development of HVAC market in future.

However, lack of knowledge and cost barriers might

hamper the growth of global HVAC market over next few

years.

Market Size and Forecast

With 51.2% share in 2015, Asia-Pacific held the largest

HVAC market across the globe. HVAC market in the

region is further envisioned to bolster at a sturdy CAGR of

7.1% over the forecast period i.e. 2015-2021. The market is

expected to escalate from strengthening economic growth

in countries such as China and India. China is one of the

largest HVAC providers in Asia-Pacific region.

North America and Europe are also anticipated to witness

a robust growth in HVAC market over next 4-5 years,

sparked by increasing developments of green buildings,

which ensure proper maintenance of HVAC systems inside

the buildings.

Key Players


Global HVAC market includes some of the top players

including Daikin Industries, Johnson Controls, Ingersoll-

Rand, AB Electrolux, Nortek, Samsung, Siemens, L.G., etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Middle East and North Africa (MENA)

Rest of World

Segmentation

By Equipment Type

By End-User

By Region

Market Dynamics

Supply & Demand Risk


Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

To know more about this research, visit:

http://www.researchnester.com/reports/global-heat-

ventilation-and-air-conditioning-hvac-market-analysis-

opportunity-outlook-2021/58


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