HVAC Systems Market Global Size Worth Around USD 185.4 Billion By 2026: Acumen Research and Consulting

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LOS ANGELES, Dec. 08, 2018 (GLOBE NEWSWIRE) -- The global HVAC systems market size is anticipated to around USD 185.4 billion by 2026, this market is anticipated to grow with 5.9% CAGR during the forecast time period. Surge in the use of energy-efficient device is expected to drive the growth of the global HVAC system market.

Industries sector are commonly the major energy consumer in the whole economy. Factories such as chemical, refineries, aluminium, paper, steel, or other manufacturing companies are few industries which consume energy in bulk for their operating cost and most of them use electricity in a 24-hour cycle. Moreover, as environmental protocols turn out to be more stringent, even though the industries endures to strive to make their processes efficient and clean. All these aforementioned factors make it imperative for industries to monitor their energy consumption and manage it for optimal consumption. Owing to which the demand for HVAC system is projected to surge in the fourth coming years.

The market for smart energy management services and products is primarily encouraged by the desire for efficiency, driven by environmental and economic factors. The increasing cost of energy, increasing maintenance costs for ageing infrastructure, the looming capital cost to replace end-of-life infrastructure, increasing global populations and the continued rise in consumption per head, all contribute to the need to surge efficiency in the way energy is generated, distributed and consumed, which is why the need for smart HVAC system is projected to increase in the coming years. Further development of innovative technologies to install remote sensors in HVAC and lighting system for real time monitoring control drive the need for smart HVAC products across the globe.

Successful implementation and installation of international EMS standards along with favourable government initiative to promote energy management in various sectors is anticipated to drive the growth of the market over the next eight year. Optimized utilization along with improving efficiency of these system expected to lead to realization of untapped energy efficiency potential. This installation will not only help in saving cost but also helps in improving productivity.

Growing industrial setup in nation for instance, China and India would surge the demand for energy, which in turn is anticipated to provide substantial growth opportunity for the global HVAC market during the forecast period. Furthermore, augmented consumer awareness regarding the benefits associated with HVAC solution has urged the home owners, especially in the developed and developing countries to install effective energy management system at residential and commercial places to lessen the overall energy expenses. This is further boosting the growth of global HVAC systems market.

The global HVAC market is segmented into product, end-user and region. On the basis of product the global HVAC market is segmented into cooling, ventilation, heating. On the basis of the end-user the global HVAC market is segmented into commercial, residential, and industrial. On the basis of region the global HVAC market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific is anticipated to grow at a decent CAGR of over the forecast period. Increasing energy prices coupled with favourable government initiatives may be attributed to high growth in the region. Favourable government initiatives in terms of rebates and tax incentives coupled with rapid industrialization, particularly in India and China is anticipated to drive growth in the regional market over the next seven years.

North America dominated the global demand and accounted for over 40% of the total revenue in 2017. The regional market is anticipated to lose share to high growth economies of Asia Pacific. Extensive adoption of energy management systems in various verticals including retail, power & energy, and manufacturing sectors may be attributed to high penetration in the region. Favourable government initiatives coupled with high requirement to curtail power losses in various economies including Germany, UK, and France is expected to drive growth in this region over next few years.

The key players catering to the global HVAC systems market are Carrier Corporation,LG Corporation, United Technologies Corporation,Arkema S.A., Mitsubishi Electric Corp., Daikin Industries Ltd., Johnson Controls International PLC., Samsung Electronics, and Lennox International, Inc. Important strategic initiatives undertaken by global companies include partnerships, new product launch, acquisitions, and.Increasing R&D investments coupled with technological advancements to commercialize highly efficient products are anticipated to offer lucrative opportunities for industry participants.

1.1.  Definition and Scope 1.1.1.  Definition of HVAC Systems1.1.2.  Market Segmentation1.1.3.  List of Abbreviations1.2.  Summary1.2.1.  Market Snapshot1.2.2.  HVAC Systems Market By Product1.2.2.1.  Global HVAC Systems Market Revenue and Growth Rate Comparison By Product (2015-2026)1.2.2.2.  Global HVAC Systems Market Revenue Share By Product in 20171.2.2.3.  Heating1.2.2.4.  Cooling1.2.2.5.  Ventilation1.2.2.6.  Others1.2.3.  HVAC Systems Market By End-user1.2.3.1.  Global HVAC Systems Market Revenue and Growth Rate Comparison By End-user (2015-2026)1.2.3.2.  Global HVAC Systems Market Revenue Share By End-user in 20171.2.3.3.  Residential1.2.3.4.  Industrial1.2.3.5.  Commercial1.2.3.6.  Others1.2.4.  HVAC Systems Market by Geography1.2.4.1.  Global HVAC Systems Market Revenue and Growth Rate Comparison by Geography (2015-2026)1.2.4.2.  North America HVAC Systems Market Revenue and Growth Rate (2015-2026)1.2.4.3.  Europe HVAC Systems Market Revenue and Growth Rate (2015-2026)1.2.4.4.  Asia-Pacific HVAC Systems Market Revenue and Growth Rate (2015-2026)1.2.4.5.  Latin America HVAC Systems Market Revenue and Growth Rate (2015-2026)1.2.4.6.  Middle East and Africa (MEA) HVAC Systems Market Revenue and Growth Rate (2015-2026)

2.1.  Market Drivers2.2.  Restraints and Challenges2.3.  Growth Opportunities 2.4.  Porter’s Five Forces Analysis2.4.1.  Bargaining Power of Suppliers2.4.2.  Bargaining Power of Buyers2.4.3.  Threat of Substitute2.4.4.  Threat of New Entrants2.4.5.  Degree of Competition2.5.  Value Chain Analysis2.6.  Cost Structure Analysis2.6.1.  Raw Material and Suppliers2.6.2.  Manufacturing Process Analysis2.7.  Regulatory Compliance2.8.  Competitive Landscape, 20172.8.1.  Player Positioning Analysis2.8.2.  Key Strategies Adopted By Leading Players

3.1.  Capacity and Commercial Production Date of Global HVAC Systems Major Manufacturers in 20173.2.  Manufacturing Plants Distribution of Global HVAC Systems Major Manufacturers in 2017 3.3.  R&D Status and Technology Source of Global HVAC Systems Major Manufacturers in 20173.4.  Raw Materials Sources Analysis of Global HVAC Systems Major Manufacturers in 2017

4.1.  Global HVAC Systems Revenue By Product4.2.  Heating4.2.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)4.2.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)4.3.  Cooling4.3.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)4.3.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)4.4.  Ventilation4.4.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)4.4.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)4.5.  Others4.5.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)4.5.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

5.1.  Global HVAC Systems Revenue By End-user5.2.  Residential5.2.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)5.2.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)5.3.  Industrial5.3.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)5.3.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)5.4.  Commercial5.4.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)5.4.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)5.5.  Others5.5.1.  Market Revenue and Growth Rate, 2015 - 2026 ($Million)5.5.2.  Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

6.1.  North America HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)6.2.  North America HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)6.3.  U.S.6.3.1.  U.S. HVAC Systems Market Revenue and Forecast By Product, 2015 - 2026 ($Million)6.3.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)6.4.  Canada6.4.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)6.4.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)6.5.  Mexico 6.5.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)6.5.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

7.1.  Europe HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)7.2.  Europe HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)7.3.  UK 7.3.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)7.3.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)7.4.  Germany7.4.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)7.4.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)7.5.  France7.5.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)7.5.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)7.6.  Spain7.6.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)7.6.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)7.7.  Rest of Europe7.7.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)7.7.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

8.1.  Asia-Pacific HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)8.2.  Asia-Pacific HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)8.3.  China 8.3.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)8.3.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)8.4.  Japan 8.4.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)8.4.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)8.5.  India 8.5.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)8.5.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)8.6.  Australia 8.6.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)8.6.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)8.7.  South Korea8.7.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)8.7.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)8.8.  Rest of Asia-Pacific8.8.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)8.8.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

9.1.  Latin America HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)9.2.  Latin America HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)9.3.  Brazil 9.3.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)9.3.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)9.4.  Argentina 9.4.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)9.4.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)9.5.  Rest of Latin America9.5.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)9.5.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

10.1.  Middle East HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)10.2.  Middle East HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)10.3.  Saudi Arabia 10.3.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)10.3.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)10.4.  UAE 10.4.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)10.4.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)10.5.  Rest of Middle East 10.5.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)10.5.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

11.1.  Africa HVAC Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)11.2.  Africa HVAC Systems Market Revenue Share Comparison, 2015 & 2026 (%)11.3.  South Africa11.3.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)11.3.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)11.4.  Egypt11.4.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)11.4.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)11.5.  Rest of Africa11.5.1.  Market Revenue and Forecast By Product, 2015 - 2026 ($Million)11.5.2.  Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

12.1.  Johnson Controls International PLC.12.1.1.  Company Snapshot12.1.2.  Overview12.1.3.  Financial Overview12.1.4.  Product Portfolio12.1.5.  Key Developments12.1.6.  Strategies12.2.  Arkema S.A.12.2.1.  Company Snapshot12.2.2.  Overview12.2.3.  Financial Overview12.2.4.  Product Portfolio12.2.5.  Key Developments12.2.6.  Strategies12.3.  United Technologies Corporation12.3.1.  Company Snapshot12.3.2.  Overview12.3.3.  Financial Overview12.3.4.  Product Portfolio12.3.5.  Key Developments12.3.6.  Strategies12.4.  Daikin Industries Ltd.12.4.1.  Company Snapshot12.4.2.  Overview12.4.3.  Financial Overview12.4.4.  Product Portfolio12.4.5.  Key Developments12.4.6.  Strategies12.5.  Mitsubishi Electric Corp.12.5.1.  Company Snapshot12.5.2.  Overview12.5.3.  Financial Overview12.5.4.  Product Portfolio12.5.5.  Key Developments12.5.6.  Strategies12.6.  Samsung Electronics12.6.1.  Company Snapshot12.6.2.  Overview12.6.3.  Financial Overview12.6.4.  Product Portfolio12.6.5.  Key Developments12.6.6.  Strategies12.7.  LG Corporation12.7.1.  Company Snapshot12.7.2.  Overview12.7.3.  Financial Overview12.7.4.  Product Portfolio12.7.5.  Key Developments12.7.6.  Strategies12.8.  Carrier Corporation12.8.1.  Company Snapshot12.8.2.  Overview12.8.3.  Financial Overview12.8.4.  Product Portfolio12.8.5.  Key Developments12.8.6.  Strategies12.9.  Lennox International, Inc.12.9.1.  Company Snapshot12.9.2.  Overview12.9.3.  Financial Overview12.9.4.  Product Portfolio12.9.5.  Key Developments12.9.6.  Strategies12.10.  Others12.10.1.  Company Snapshot12.10.2.  Overview12.10.3.  Financial Overview12.10.4.  Product Portfolio12.10.5.  Key Developments12.10.6.  Strategies

13.1.  Research Methodology13.1.1.  Initial Data Search13.1.2.  Secondary Research13.1.3.  Primary Research13.2.  Assumptions and Scope

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Globe Newswire: 11:28 GMT Saturday 8th December 2018

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