LONDON--(BUSINESS WIRE)--Technavio has been monitoring the HVAC equipment market and it is poised to grow by USD 34.91 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of almost 5%, the market growth will accelerate in the forecast period.
- What is the key factor driving the market?
- An increase in demand for centralized HVAC systems and the advent of smart HVAC systems are the key factors driving the market growth.
- Who are the top players in the market?
- Daikin Industries Ltd., Fujitsu Ltd., Ingersoll-Rand Plc, Johnson Controls International Plc, LG Electronics Inc., Midea Group Co. Ltd., Nortek Global HVAC LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., and United Technologies Corp. are some of the major market participants.
- Which region is expected to hold the highest market share?
- APAC
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Daikin Industries Ltd., Fujitsu Ltd., Ingersoll-Rand Plc, Johnson Controls International Plc, LG Electronics Inc., Midea Group Co. Ltd., Nortek Global HVAC LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., and United Technologies Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
An increase in demand for centralized HVAC systems has been instrumental in driving the growth of the market.
HVAC Equipment Market 2020-2024: Segmentation
HVAC Equipment Market is segmented as below:
-
Product
- Air Conditioning Equipment
- Heating Equipment
- Ventilation Equipment
-
Geographic Landscape
- APAC
- North America
- Europe
- MEA
- South America
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HVAC Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our HVAC equipment market report covers the following areas:
- HVAC Equipment Market size
- HVAC Equipment Market trends
- HVAC Equipment Market analysis
This study identifies the advent of smart HVAC systems as one of the prime reasons driving the HVAC equipment market growth during the next few years.
HVAC Equipment Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the HVAC equipment market, including some of the vendors such as Daikin Industries Ltd., Fujitsu Ltd., Ingersoll-Rand Plc, Johnson Controls International Plc, LG Electronics Inc., Midea Group Co. Ltd., Nortek Global HVAC LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., and United Technologies Corp. Backed with competitive intelligence and benchmarking, our research reports on the HVAC equipment market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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HVAC Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist HVAC equipment market growth during the next five years
- Estimation of the HVAC equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the HVAC equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of HVAC equipment market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Air conditioning equipment - Market size and forecast 2019-2024
- Heating equipment - Market size and forecast 2019-2024
- Ventilation equipment - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Non-residential - Market size and forecast 2019-2024
- Residential - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Daikin Industries Ltd.
- Fujitsu Ltd.
- Ingersoll-Rand Plc
- Johnson Controls International Plc
- LG Electronics Inc.
- Midea Group Co. Ltd.
- Nortek Global HVAC LLC
- Robert Bosch GmbH
- Samsung Electronics Co. Ltd.
- United Technologies Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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