출판 : MarketsandMarkets（마켓츠앤드마켓츠）출판년월 : 2021년12월
냉각장치, 가열장치, 환기장치, 실장타입, 용도(주택, 상업, 공업), 지역(북미, 유럽, APAC, RoW) – 2026년까지의 세계 예측
HVAC System Market with COVID-19 Impact, by Cooling Equipment, Heating Equipment, Ventilation Equipment, Implementation Type, Application (Residential, Commercial, Industrial) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2026
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| 구성 | 영문조사보고서 |
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The HVAC system market size is estimated to be USD 197.0 billion in 2021 and is projected to reach USD 271.5 billion by 2026; it is expected to grow at a CAGR of 6.6% from 2021 to 2026. According to the Consumer Technology Association (CTA), the number of smart homes in the US is expected to reach ~35.2 million units by 2020. The growth in smart homes is expected to create demand for HVAC systems. An HVAC system is used in smart homes for controlling air temperature, humidity, and fresh air intake. It helps maintain better airflow and comfortable temperatures in every room. In a smart home, one can monitor the system performance and respond to system-generated alarms from local or remote locations.
New energy-efficient HVAC systems are replacing the traditional HVAC systems. Upcoming technologies such as ice-powered AC, motion-activated air conditioning systems, and smart vents are integrated into modern HVAC systems to increase energy efficiency, reduce energy costs, and lower carbon emissions. The installation cost of energy-efficient HVAC equipment in residential, commercial, and industrial applications depends on several other factors. For instance, in the residential application, the installation cost of all HVAC systems depends on the size of the house, additional ductwork, type of equipment, and SEER value of the equipment. For instance, an HVAC system replacement costs about USD 3,250 to USD 12,350 for an average-sized 2,000 sq. ft. home in a moderate climate zone. Moreover, the average installation costs of different heating and cooling systems may vary with parameters such as the energy efficiency level and size of the unit needed for the building.
“VRF Systems: The fastest cooling equipment of HVAC system market .”
Countries such as Japan, China, and South Korea are the early adopters of VRF technology, which is the major reason for the large size of the market in APAC. VRF systems are used in multifamily residential buildings, hotels, and schools. The high efficiency, design flexibility, and long operational life of VRF systems are expected to fuel the market growth.
“Furnaces: The fastest heating equipment of the HVAC system market .”
The market for furnaces is expected to grow at the highest CAGR during the forecast period. The growth of the furnaces segment is mainly driven by their low initial cost, higher lifespan, and increasing demand in residential applications. The residential segment dominated the HVAC system market for furnaces. Government grants and rebates for homeowners on replacing old heating equipment with new furnaces are expected to increase the demand for furnaces in residential application. For instance, the British Columbia (BC) government offers rebates of up to USD 700 to homeowners for a new gas furnace.
“Air handling units: Largest growing ventilation equipment of HVAC system market”
The rising use of air-handling units in commercial buildings, hospitals, and universities is expected to fuel the growth of the market. The market for air purifiers is expected to grow at the highest CAGR of 13.9% from 2021 to 2026. The demand for air purifiers is growing due to degrading air quality. Further, people are more exposed to high risks of contracting respiratory and other cardiovascular diseases due to the rising air pollution. Increasing health concerns among people regarding air contamination are expected to drive the demand for air purifiers globally.
“Commercial: Largest application of HVAC system market”
The commercial application segment is expected to hold the largest market share during the forecast period. The growth is attributed to the increasing adoption of HVAC systems in commercial buildings, growing demand for energy-efficient devices, and rising awareness regarding energy conservation in developing regions such as APAC and RoW. Moreover, increasing investments by governments for the construction of commercial spaces are also expected to propel the growth of the HVAC system market for commercial application.
“Europe: The second largest region in the global HVAC system market .”
Europe held the second-largest size of the HVAC system market in 2020. The growing awareness regarding energy saving, high per capita income, and supportive government plans for reducing carbon footprint help surge the growth of the HVAC system market in Europe. Moreover, the growth of the European HVAC system market is driven by the growing demand for high-end and energy-efficient devices from residential and commercial buildings.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
• By Designation: C-level Executives – 35%, Directors – 28%, and Others – 37%
• By Region: APAC – 40%, Europe – 35%, North America – 18%, RoW – 7%
DAIKIN INDUSTRIES (Japan), Johnson Controls (US), Carrier (US), Trane Technologies plc, (US), LG Electronics (South Korea), Emerson Electric Co. (US), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Nortek Air Management (US), Samsung Electronics (South Korea), Danfoss (Denmark), FUJITSU (Japan), GREE (China), Hitachi (Japan), Midea (China), Panasonic (Japan), Haier Smart Home (China), Toshiba (Japan), Whirlpool (US), Siemens (Germany), Electrolux (Sweden), Lennox (US), Schneider Electric (France), Ferroli (Italy), and Bosch Thermotechnology (Germany) are among the many players in the HVAC system market.
Research Coverage:
The report segments the HVAC system market and forecasts its size, by value, based on by Cooling Equipment, Heating Equipment, Ventilation Equipment, Implementation Type, Application and Geography.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the HVAC system market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the HVAC system market and provides them information on key market drivers, restraints, challenges, and opportunities. The report also covers COVID-19 impact on HVAC system market.
목차
1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION AND SCOPE 28
1.2.1 INCLUSIONS AND EXCLUSIONS 29
1.3 STUDY SCOPE 29
1.3.1 MARKETS COVERED 29
1.3.2 GEOGRAPHIC SCOPE 30
1.3.3 YEARS CONSIDERED 30
1.4 CURRENCY 30
1.5 MARKET STAKEHOLDERS 31
1.6 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 HVAC SYSTEM MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 List of major secondary sources 33
2.1.1.2 Key data from secondary sources 33
2.1.2 PRIMARY DATA 34
2.1.2.1 Key data from primary sources 34
2.1.2.2 Breakdown of primaries 34
2.1.3 SECONDARY AND PRIMARY RESEARCH 35
2.1.3.1 Key industry insights 36
2.2 MARKET SIZE ESTIMATION 36
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY SIDE ANALYSIS 37
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM HVAC SYSTEM BUSINESS 37
2.2.1 BOTTOM-UP APPROACH 38
2.2.1.1 Approach for arriving at market size using bottom-up analysis 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FOR ESTIMATING SIZE OF HVAC SYSTEM MARKET 39
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach for arriving at market size using top-down analysis 40
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION 41
2.4 RESEARCH ASSUMPTIONS 42
FIGURE 8 ASSUMPTION FOR RESEARCH STUDY 42
2.5 LIMITATIONS 42
2.6 RISK ASSESSMENT 43
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS 43
3 EXECUTIVE SUMMARY 44
FIGURE 9 GLOBAL PROPAGATION OF COVID-19 45
TABLE 2 RECOVERY SCENARIOS FOR GLOBAL ECONOMY 45
3.1 REALISTIC SCENARIO 46
3.2 OPTIMISTIC SCENARIO 46
3.3 PESSIMISTIC SCENARIO 46
FIGURE 10 GROWTH PROJECTIONS OF HVAC SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 47
FIGURE 11 UNITARY AIR CONDITIONERS SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET DURING FORECAST PERIOD 48
FIGURE 12 HVAC SYSTEM MARKET FOR FURNACES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 48
FIGURE 13 HVAC SYSTEM MARKET FOR AIR PURIFIERS TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 49
FIGURE 14 HVAC SYSTEM MARKET FOR NEW CONSTRUCTION TO HOLD HIGHER MARKET SHARE DURING FORECAST PERIOD 49
FIGURE 15 HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 16 APAC HVAC SYSTEM MARKET TO EXHIBIT HIGHEST SHARE
FROM 2021 TO 2026 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES IN HVAC SYSTEM MARKET 52
FIGURE 17 IMPLEMENTATION OF IOT WITH HVAC SYSTEMS HAS FUEL THEIR DEMAND IN COMMERCIAL AND RESIDENTIAL APPLICATIONS 52
4.2 HVAC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY AND EQUIPMENT TYPE 52
FIGURE 18 US AND HEATING EQUIPMENT SEGMENT ARE EXPECTED TO HOLD LARGEST SHARES OF NORTH AMERICAN HVAC SYSTEM MARKET IN 2021 52
4.3 HVAC SYSTEM MARKET, BY APPLICATION 53
FIGURE 19 OFFICE SUB-SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION DURING FORECAST PERIOD 53
4.4 HVAC SYSTEM MARKET, BY COUNTRY 53
FIGURE 20 HVAC SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR FROM
2021 TO 2026 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 21 HVAC SYSTEM MARKET DYNAMICS 54
FIGURE 22 DRIVERS AND THEIR IMPACT ON HVAC SYSTEM MARKET 55
FIGURE 23 OPPORTUNITIES AND THEIR IMPACT ON HVAC SYSTEM MARKET 56
FIGURE 24 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON HVAC SYSTEM MARKET 57
5.2.1 DRIVERS 57
5.2.1.1 Surging demand for energy-efficient solutions 57
5.2.1.2 Rising tax credit programs and incentives by governments worldwide to install high-efficiency HVAC systems 58
5.2.1.3 Increasing government regulatory policies and incentives to ensure energy saving and conservation of natural resources 58
5.2.1.4 Growing trend of smart homes 58
5.2.1.5 Elevating need to upgrade or refurbish commercial buildings 59
5.2.2 RESTRAINTS 59
5.2.2.1 Higher installation cost of energy-efficient HVAC systems 59
5.2.2.2 Shortage of skilled labor 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Rapid transformation of IoT within HVAC industry 60
5.2.3.2 High penetration of VRF systems in residential and commercial applications 60
5.2.3.3 Constant efforts to develop next-generation low global warming potential refrigerants for HVAC systems 60
5.2.4 CHALLENGES 61
5.2.4.1 Lack of awareness about benefits of HVAC systems in developing countries 61
5.3 VALUE CHAIN ANALYSIS 61
FIGURE 25 VALUE CHAIN ANALYSIS: HVAC SYSTEM MARKET 61
5.4 SOFTWARE AND SERVICES 62
FIGURE 26 SOFTWARE AND SERVICES USED IN HVAC SYSTEMS 62
5.4.1 SOFTWARE 63
TABLE 3 DIFFERENT FUNCTIONALITIES OF HVAC SOFTWARE 63
5.4.2 SERVICES 64
5.5 HVAC INDUSTRY ECOSYSTEM 64
FIGURE 27 ECOSYSTEM OF HVAC INDUSTRY 64
TABLE 4 SUPPLY CHAIN 65
5.6 PORTER’S FIVE FORCES ANALYSIS 66
TABLE 5 HVAC SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 66
5.6.1 DEGREE OF COMPETITION 66
5.6.2 BARGAINING POWER OF SUPPLIERS 66
5.6.3 BARGAINING POWER OF BUYERS 66
5.6.4 THREAT OF SUBSTITUTES 67
5.6.5 THREAT OF NEW ENTRANTS 67
5.7 CASE STUDIES FOR HVAC SYSTEM MARKET 67
5.7.1 DAIKIN DEVELOPED WATER-SOURCE VRV HEAT RECOVERY SYSTEM FOR DUKE ELLINGTON HIGH SCHOOL IN COLUMBIA 67
5.7.2 DAIKIN TECHNOLOGY MAKES GRADES AT FLORIDA MIDDLE SCHOOL TO OFFER IMPROVED COMFORT AND EXCEPTIONAL ENERGY SAVINGS 67
5.7.3 LG OFFERED COMPLETE HVAC SOLUTION TO LOTTE HOTELS & RESORTS IN MYANMAR 67
5.7.4 HVAC SYSTEMS BY TRANE TECHNOLOGIES OFFERED HIGH-END EXPERIENCE TO CORE FITNESS 68
5.7.5 TRANE TECHNOLOGIES OFFERED HVAC SYSTEM TO FLORIDA’S HILLSBOROUGH COMMUNITY COLLEGE 68
5.8 TECHNOLOGY ANALYSIS 68
5.8.1 SMART HVAC TECHNOLOGY 68
5.8.2 GEOTHERMAL HVAC TECHNOLOGY 68
5.8.3 DUCTLESS HVAC SYSTEMS 69
5.8.4 THERMALLY DRIVEN AIR CONDITIONING 69
5.8.5 DUAL FUEL HEAT PUMP TECHNOLOGY 69
5.8.6 ZONED HVAC SYSTEMS 69
5.9 AVERAGE SELLING PRICE (ASP) TREND ANALYSIS 69
FIGURE 28 AVERAGE SELLING PRICES OF DIFFERENT EQUIPMENT USED IN HVAC SYSTEMS (USD) 70
TABLE 6 HVAC INSTALLATION COSTS, BY TYPE, 2020 70
5.10 TRADE ANALYSIS 70
5.10.1 EXPORT SCENARIO 71
TABLE 7 EXPORT SCENARIO FOR HS CODE: 8415, BY COUNTRY,
2016–2020 (USD THOUSAND) 71
FIGURE 29 EXPORT DATA FOR TOP FIVE COUNTRIES, BY HS CODE 8415,
2016–2020 (USD THOUSAND) 71
5.10.2 IMPORT SCENARIO 72
TABLE 8 IMPORT SCENARIO FOR HS CODE 8415, BY COUNTRY,
2016–2020 (USD THOUSAND) 72
FIGURE 30 IMPORT DATA FOR TOP FIVE COUNTRIES, BY HS CODE 8415,
2016–2020 (USD THOUSAND) 72
5.11 PATENT ANALYSIS 73
TABLE 9 PATENTS FILED FOR HVAC SYSTEM, 2019–2021 73
5.12 TARIFFS & REGULATIONS 74
5.12.1 TARIFFS RELATED TO HVAC SYSTEM MARKET 74
TABLE 10 TARIFF IMPOSED BY US ON EXPORT OF AIR-CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FAN AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY, 2020 74
TABLE 11 TARIFF IMPOSED BY CHINA ON EXPORT OF AIR CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FAN AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY, 2020 75
TABLE 12 TARIFF IMPOSED BY INDIA ON EXPORT OF AIR CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FAN AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY, 2020 75
5.12.2 STANDARDS AND REGULATIONS RELATED TO HVAC SYSTEM MARKET 75
5.12.2.1 Environmental HVAC requirements 76
5.12.2.1.1 Current HCFC regulations 76
5.12.2.1.2 New HFC regulations 76
5.12.2.1.3 US regulations 76
5.12.2.1.4 Canadian regulations 76
5.12.2.2 HVAC efficiency standards 77
5.12.2.3 HVAC tech certifications 77
5.12.2.4 Workforce shortages 77
5.12.2.5 Smart HVAC 77
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 77
FIGURE 31 REVENUE SHIFT FOR HVAC SYSTEM MARKET 78
6 HVAC SYSTEM MARKET, BY COOLING EQUIPMENT 79
6.1 INTRODUCTION 80
FIGURE 32 HVAC SYSTEM MARKET, BY COOLING EQUIPMENT 80
FIGURE 33 UNITARY AIR CONDITIONERS TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET FOR COOLING EQUIPMENT IN 2026 80
TABLE 13 HVAC SYSTEM MARKET, BY COOLING EQUIPMENT,
2017–2020 (USD BILLION) 81
TABLE 14 HVAC SYSTEM MARKET, BY COOLING EQUIPMENT,
2021–2026 (USD BILLION) 81
TABLE 15 HVAC SYSTEM MARKET FOR COOLING EQUIPMENT, BY APPLICATION,
2017–2020 (USD BILLION) 82
TABLE 16 HVAC SYSTEM MARKET FOR COOLING EQUIPMENT, BY APPLICATION,
2021–2026 (USD BILLION) 82
TABLE 17 HVAC SYSTEM MARKET FOR COOLING EQUIPMENT, BY REGION,
2017–2020 (USD BILLION) 82
TABLE 18 HVAC SYSTEM MARKET FOR COOLING EQUIPMENT, BY REGION,
2021–2026 (USD BILLION) 83
6.2 UNITARY AIR CONDITIONERS 83
6.2.1 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF COOLING EQUIPMENT MARKET FOR UNITARY AIR CONDITIONERS 83
TABLE 19 AHRI STANDARDS RELATED TO UNITARY AIR CONDITIONERS 83
6.2.1.1 Split air conditioners 84
6.2.1.2 Packaged air conditioners 84
TABLE 20 HVAC SYSTEM MARKET FOR UNITARY AIR CONDITIONERS, BY APPLICATION, 2017–2020 (USD BILLION) 84
TABLE 21 HVAC SYSTEM MARKET FOR UNITARY AIR CONDITIONERS, BY APPLICATION, 2021–2026 (USD BILLION) 84
TABLE 22 HVAC SYSTEM MARKET FOR UNITARY AIR CONDITIONERS, BY REGION, 2017–2020 (USD BILLION) 85
TABLE 23 HVAC SYSTEM MARKET FOR UNITARY AIR CONDITIONERS, BY REGION, 2021–2026 (USD BILLION) 85
6.3 VRF SYSTEMS 85
6.3.1 APAC TO HOLD LARGEST SIZE OF VRF SYSTEMS MARKET 85
TABLE 24 HVAC SYSTEM MARKET FOR VRF SYSTEMS, BY APPLICATION,
2017–2020 (USD BILLION) 86
TABLE 25 HVAC SYSTEM MARKET FOR VRF SYSTEMS, BY APPLICATION,
2021–2026 (USD BILLION) 86
TABLE 26 HVAC SYSTEM MARKET FOR VRF SYSTEMS, BY REGION,
2017–2020 (USD BILLION) 86
TABLE 27 HVAC SYSTEM MARKET FOR VRF SYSTEMS, BY REGION,
2021–2026 (USD BILLION) 87
6.4 CHILLERS 87
6.4.1 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST SIZE OF
CHILLERS MARKET 87
6.4.1.1 Scroll chillers 87
6.4.1.2 Screw chillers 87
6.4.1.3 Centrifugal chillers 88
6.4.1.4 Reciprocating chillers 88
6.4.1.5 Absorption chillers 88
TABLE 28 HVAC SYSTEM MARKET FOR CHILLERS, BY APPLICATION,
2017–2020 (USD BILLION) 89
TABLE 29 HVAC SYSTEM MARKET FOR CHILLERS, BY APPLICATION,
2021–2026 (USD BILLION) 89
TABLE 30 HVAC SYSTEM MARKET FOR CHILLERS, BY REGION,
2017–2020 (USD BILLION) 89
TABLE 31 HVAC SYSTEM MARKET FOR CHILLERS, BY REGION,
2021–2026 (USD BILLION) 90
6.5 ROOM AIR CONDITIONERS 90
6.5.1 RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF ROOM AIR CONDITIONERS MARKET 90
TABLE 32 HVAC SYSTEM MARKET FOR ROOM AIR CONDITIONERS, BY APPLICATION, 2017–2020 (USD MILLION) 90
TABLE 33 HVAC SYSTEM MARKET FOR ROOM AIR CONDITIONERS, BY APPLICATION, 2021–2026 (USD MILLION) 91
TABLE 34 HVAC SYSTEM MARKET FOR ROOM AIR CONDITIONERS, BY REGION,
2017–2020 (USD MILLION) 91
TABLE 35 HVAC SYSTEM MARKET FOR ROOM AIR CONDITIONERS, BY REGION,
2021–2026 (USD MILLION) 91
6.6 COOLERS 92
6.6.1 RESIDENTIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF
COOLERS MARKET 92
6.6.1.1 Ducted coolers 92
6.6.1.2 Window coolers 92
TABLE 36 HVAC SYSTEM MARKET FOR COOLERS, BY APPLICATION,
2017–2020 (USD MILLION) 92
TABLE 37 HVAC SYSTEM MARKET FOR COOLERS, BY APPLICATION,
2021–2026 (USD MILLION) 92
TABLE 38 HVAC SYSTEM MARKET FOR COOLERS, BY REGION,
2017–2020 (USD MILLION) 93
TABLE 39 HVAC SYSTEM MARKET FOR COOLERS, BY REGION,
2021–2026 (USD MILLION) 93
6.7 COOLING TOWERS 93
6.7.1 APAC TO HOLD LARGEST SIZE OF COOLING TOWERS MARKET 93
6.7.1.1 Evaporative cooling towers 93
6.7.1.2 Dry cooling towers 94
6.7.1.3 Hybrid cooling towers 94
TABLE 40 HVAC SYSTEM MARKET FOR COOLING TOWERS, BY APPLICATION,
2017–2020 (USD MILLION) 95
TABLE 41 HVAC SYSTEM MARKET FOR COOLING TOWERS, BY APPLICATION,
2021–2026 (USD MILLION) 95
TABLE 42 HVAC SYSTEM MARKET FOR COOLING TOWERS, BY REGION,
2017–2020 (USD MILLION) 95
TABLE 43 HVAC SYSTEM MARKET FOR COOLING TOWERS, BY REGION,
2021–2026 (USD MILLION) 95
7 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT 96
7.1 INTRODUCTION 97
FIGURE 34 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT 97
FIGURE 35 HEAT PUMPS TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET DURING FORECAST PERIOD 97
TABLE 44 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT,
2017–2020 (USD BILLION) 98
TABLE 45 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT,
2021–2026 (USD BILLION) 98
TABLE 46 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION,
2017–2020 (USD BILLION) 99
TABLE 47 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION,
2021–2026 (USD BILLION) 99
TABLE 48 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION,
2017–2020 (USD BILLION) 99
TABLE 49 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION,
2021–2026 (USD BILLION) 100
7.2 HEAT PUMPS 100
7.2.1 GOVERNMENT SUPPORT TO BOOST GROWTH OF HEAT PUMPS MARKET 100
7.2.1.1 Air-to-air heat pumps 100
7.2.1.2 Air-to-water heat pumps 101
7.2.1.3 Water-to-water heat pumps 101
TABLE 50 HVAC SYSTEM MARKET, FOR HEAT PUMP, BY APPLICATION,
2017–2020 (USD BILLION) 101
TABLE 51 HVAC SYSTEM MARKET FOR HEAT PUMP, BY APPLICATION,
2021–2026 (USD BILLION) 101
TABLE 52 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION,
2017–2020 (USD BILLION) 102
TABLE 53 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION,
2021–2026 (USD BILLION) 102
7.3 FURNACES 102
7.3.1 LOW COST AND HIGH EFFICIENCY TO FUEL DEMAND FOR ELECTRIC FURNACES 102
7.3.1.1 Oil furnaces 102
7.3.1.2 Gas furnaces 103
7.3.1.3 Electric furnaces 103
TABLE 54 HVAC SYSTEM MARKET FOR FURNACE, BY APPLICATION,
2017–2020 (USD BILLION) 103
TABLE 55 HVAC SYSTEM MARKET FOR FURNACE, BY APPLICATION,
2021–2026 (USD BILLION) 103
TABLE 56 HVAC SYSTEM MARKET FOR FURNACE, BY REGION,
2017–2020 (USD BILLION) 104
TABLE 57 HVAC SYSTEM MARKET FOR FURNACE, BY REGION,
2021–2026 (USD BILLION) 104
7.4 UNITARY HEATERS 104
7.4.1 HIGH EFFICIENCY OF UNITARY HEATERS TO BOOST MARKET GROWTH 104
7.4.1.1 Gas unit heaters 104
7.4.1.2 Oil-fired unit heaters 104
7.4.1.3 Electric unit heaters 105
TABLE 58 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY APPLICATION,
2017–2020 (USD BILLION) 105
TABLE 59 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY APPLICATION,
2021–2026 (USD BILLION) 105
TABLE 60 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION,
2017–2020 (USD MILLION) 105
TABLE 61 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION,
2021–2026 (USD MILLION) 106
7.5 BOILERS 106
7.5.1 RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET FOR BOILERS 106
7.5.1.1 Steam boilers 106
7.5.1.2 Hot water boilers 106
TABLE 62 HVAC SYSTEM MARKET FOR BOILER, BY APPLICATION,
2017–2020 (USD BILLION) 107
TABLE 63 HVAC SYSTEM MARKET FOR BOILER, BY APPLICATION,
2021–2026 (USD BILLION) 107
TABLE 64 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 2017–2020 (USD MILLION) 107
TABLE 65 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 2021–2026 (USD MILLION) 107
8 HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT 108
8.1 INTRODUCTION 109
FIGURE 36 HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT 109
FIGURE 37 AIR-HANDLING UNITS SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET DURING FORECAST PERIOD 109
TABLE 66 HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT,
2017–2020 (USD BILLION) 110
TABLE 67 HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT,
2021–2026 (USD BILLION) 110
TABLE 68 HVAC SYSTEM MARKET FOR VENTILATION EQUIPMENT, BY APPLICATION, 2017–2020 (USD BILLION) 111
TABLE 69 HVAC SYSTEM MARKET FOR VENTILATION EQUIPMENT, BY APPLICATION, 2021–2026 (USD BILLION) 111
TABLE 70 HVAC SYSTEM MARKET FOR VENTILATION EQUIPMENT, BY REGION,
2017–2020 (USD BILLION) 111
TABLE 71 HVAC SYSTEM MARKET FOR VENTILATION EQUIPMENT, BY REGION,
2021–2026 (USD BILLION) 112
8.2 AIR-HANDLING UNITS 112
8.2.1 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HVAC SYSTEM MARKET FOR AIR-HANDLING UNITS 112
TABLE 72 HVAC SYSTEM MARKET FOR AIR-HANDLING UNITS, BY APPLICATION,
2017–2020 (USD BILLION) 112
TABLE 73 HVAC SYSTEM MARKET FOR AIR-HANDLING UNITS, BY APPLICATION,
2021–2026 (USD BILLION) 113
TABLE 74 HVAC SYSTEM MARKET FOR AIR-HANDLING UNITS, BY REGION,
2017–2020 (USD BILLION) 113
TABLE 75 HVAC SYSTEM MARKET FOR AIR-HANDLING UNITS, BY REGION,
2021–2026 (USD BILLION) 113
8.3 AIR FILTERS 114
8.3.1 APAC TO HOLD LARGEST SIZE OF AIR FILTERS MARKET 114
TABLE 76 HVAC SYSTEM MARKET FOR AIR FILTERS, BY APPLICATION,
2017–2020 (USD BILLION) 114
TABLE 77 HVAC SYSTEM MARKET FOR AIR FILTERS, BY APPLICATION,
2021–2026 (USD BILLION) 114
TABLE 78 HVAC SYSTEM MARKET FOR AIR FILTERS, BY REGION,
2017–2020 (USD MILLION) 115
TABLE 79 HVAC SYSTEM MARKET FOR AIR FILTERS, BY REGION,
2021–2026 (USD MILLION) 115
8.4 DEHUMIDIFIERS 115
8.4.1 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HVAC SYSTEM MARKET FOR DEHUMIDIFIERS 115
8.4.1.1 Refrigeration dehumidifiers 115
8.4.1.2 Absorption dehumidifiers 116
TABLE 80 HVAC SYSTEM MARKET FOR DEHUMIDIFIERS, BY APPLICATION,
2017–2020 (USD BILLION) 116
TABLE 81 HVAC SYSTEM MARKET FOR DEHUMIDIFIERS, BY APPLICATION,
2021–2026 (USD BILLION) 116
TABLE 82 HVAC SYSTEM MARKET FOR DEHUMIDIFIERS, BY REGION,
2017–2020 (USD MILLION) 116
TABLE 83 HVAC SYSTEM MARKET FOR DEHUMIDIFIERS, BY REGION,
2021–2026 (USD MILLION) 117
8.5 VENTILATION FANS 117
8.5.1 APAC TO HOLD LARGEST SIZE OF VENTILATION FANS MARKET 117
8.5.1.1 Crossflow fans 117
8.5.1.2 Axial fans 117
8.5.1.3 Centrifugal fans 117
8.5.1.4 Domestic fans 117
8.5.1.5 Range hood fans 118
8.5.1.6 Power roof fans 118
TABLE 84 HVAC SYSTEM MARKET FOR VENTILATION FANS, BY APPLICATION,
2017–2020 (USD BILLION) 118
TABLE 85 HVAC SYSTEM MARKET FOR VENTILATION FANS, BY APPLICATION,
2021–2026 (USD BILLION) 118
TABLE 86 HVAC SYSTEM MARKET FOR VENTILATION FANS, BY REGION,
2017–2020 (USD MILLION) 119
TABLE 87 HVAC SYSTEM MARKET FOR VENTILATION FANS, BY REGION,
2021–2026 (USD MILLION) 119
8.6 HUMIDIFIERS 119
8.6.1 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HVAC SYSTEM MARKET FOR HUMIDIFIERS 119
8.6.1.1 Warm-mist humidifiers 119
8.6.1.2 Ultrasonic humidifiers 120
8.6.1.3 Cool-mist humidifiers 120
TABLE 88 HVAC SYSTEM MARKET FOR HUMIDIFIERS, BY APPLICATION,
2017–2020 (USD MILLION) 120
TABLE 89 HVAC SYSTEM MARKET FOR HUMIDIFIERS, BY APPLICATION,
2021–2026 (USD MILLION) 120
TABLE 90 HVAC SYSTEM MARKET FOR HUMIDIFIERS, BY REGION,
2017–2020 (USD MILLION) 120
TABLE 91 HVAC SYSTEM MARKET FOR HUMIDIFIERS, BY REGION,
2021–2026 (USD MILLION) 121
8.7 AIR PURIFIERS 121
8.7.1 APAC AIR PURIFIER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 121
8.7.1.1 HEPA air purifiers 121
8.7.1.2 Activated carbon air purifiers 121
8.7.1.3 Electrostatic air purifiers 121
8.7.1.4 Ionic air purifiers 121
TABLE 92 HVAC SYSTEM MARKET FOR AIR PURIFIERS, BY APPLICATION,
2017–2020 (USD MILLION) 122
TABLE 93 HVAC SYSTEM MARKET FOR AIR PURIFIERS, BY APPLICATION,
2021–2026 (USD MILLION) 122
TABLE 94 HVAC SYSTEM MARKET FOR AIR PURIFIERS, BY REGION,
2017–2020 (USD MILLION) 122
TABLE 95 HVAC SYSTEM MARKET FOR AIR PURIFIERS, BY REGION,
2021–2026 (USD MILLION) 122
9 HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE 123
9.1 INTRODUCTION 124
FIGURE 38 HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE 124
FIGURE 39 NEW CONSTRUCTION SEGMENT TO HOLD LARGER SHARE OF HVAC SYSTEM MARKET IN 2026 124
TABLE 96 HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE,
2017–2020 (USD BILLION) 125
TABLE 97 HVAC SYSTEM MARKET, BY IMPLEMENTATION TYPE,
2021–2026 (USD BILLION) 125
9.2 NEW CONSTRUCTION 125
9.2.1 GROWING URBANIZATION TO BOOST DEMAND FOR HVAC SYSTEMS
IN NEW CONSTRUCTION SEGMENT 125
9.3 RETROFIT 126
9.3.1 GOVERNMENT REGULATIONS FOR GREEN BUILDINGS TO BOOST GROWTH OF HVAC SYSTEM MARKET 126
10 HVAC SYSTEM MARKET, BY APPLICATION 127
10.1 INTRODUCTION 128
FIGURE 40 HVAC SYSTEM MARKET, BY APPLICATION 128
TABLE 98 INDUSTRY-STANDARD RATING PARAMETERS RELATED TO HVAC SYSTEMS 129
FIGURE 41 COMMERCIAL APPLICATION TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET DURING FORECAST PERIOD 129
TABLE 99 HVAC SYSTEM MARKET, BY APPLICATION, 2017–2020 (USD BILLION) 130
TABLE 100 HVAC SYSTEM MARKET, BY APPLICATION, 2021–2026 (USD BILLION) 130
10.2 COMMERCIAL 131
10.2.1 GROWING ADOPTION OF ENERGY-EFFICIENT EQUIPMENT TO BOOST HVAC SYSTEM MARKET FOR COMMERCIAL SPACES 131
TABLE 101 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION,
2017–2020 (USD BILLION) 131
TABLE 102 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION,
2021–2026 (USD BILLION) 131
TABLE 103 HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION,
BY COOLING EQUIPMENT, 2017–2020 (USD BILLION) 132
TABLE 104 HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION,
BY COOLING EQUIPMENT, 2021–2026 (USD BILLION) 132
TABLE 105 HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION,
BY HEATING EQUIPMENT, 2017–2020 (USD BILLION) 132
TABLE 106 HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION,
BY HEATING EQUIPMENT, 2021–2026 (USD BILLION) 133
TABLE 107 HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION,
BY VENTILATION EQUIPMENT, 2017–2020 (USD BILLION) 133
TABLE 108 HVAC SYSTEM MARKET FOR COMMERCIAL APPLICATION,
BY VENTILATION EQUIPMENT, 2021–2026 (USD BILLION) 133
10.2.1.1 Office 134
10.2.1.2 Government 134
10.2.1.3 Healthcare 134
10.2.1.4 Education 134
10.2.1.5 Retail 134
10.2.1.6 Airport 134
10.3 RESIDENTIAL 135
10.3.1 GOVERNMENT REGULATIONS AND TAX CREDIT PROGRAMS TO PROMOTE USE OF HVAC SYSTEMS IN RESIDENTIAL APPLICATIONS 135
TABLE 109 HVAC SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY COOLING EQUIPMENT, 2017–2020 (USD BILLION) 135
TABLE 110 HVAC SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY COOLING EQUIPMENT, 2021–2026 (USD BILLION) 136
TABLE 111 HVAC SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY HEATING EQUIPMENT, 2017–2020 (USD BILLION) 136
TABLE 112 HVAC SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY HEATING EQUIPMENT, 2021–2026 (USD BILLION) 136
TABLE 113 HVAC SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY VENTILATION EQUIPMENT, 2017–2020 (USD BILLION) 137
TABLE 114 HVAC SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY VENTILATION EQUIPMENT, 2021–2026 (USD BILLION) 137
10.4 INDUSTRIAL 137
10.4.1 GROWING USE OF ENERGY-EFFICIENT HVAC SYSTEMS IN INDUSTRIAL SPACES TO REDUCE OPERATIONAL COST AND SAVE ENERGY 137
TABLE 115 HVAC SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY COOLING EQUIPMENT, 2017–2020 (USD BILLION) 138
TABLE 116 HVAC SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY COOLING EQUIPMENT, 2021–2026 (USD BILLION) 138
TABLE 117 HVAC SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY HEATING EQUIPMENT, 2017–2020 (USD BILLION) 139
TABLE 118 HVAC SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY HEATING EQUIPMENT, 2021–2026 (USD BILLION) 139
TABLE 119 HVAC SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY VENTILATION EQUIPMENT, 2017–2020 (USD BILLION) 139
TABLE 120 HVAC SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY VENTILATION EQUIPMENT, 2021–2026 (USD BILLION) 140
11 GEOGRAPHIC ANALYSIS 141
11.1 INTRODUCTION 142
FIGURE 42 HVAC SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR FROM
2021 TO 2026 142
TABLE 121 HVAC SYSTEM MARKET, BY REGION, 2017–2020 (USD BILLION) 142
TABLE 122 HVAC SYSTEM MARKET, BY REGION, 2021–2026 (USD BILLION) 142
11.2 NORTH AMERICA 143
FIGURE 43 NORTH AMERICA: HVAC SYSTEM MARKET SNAPSHOT 144
TABLE 123 HVAC SYSTEM MARKET IN NORTH AMERICA, BY EQUIPMENT TYPE,
2017–2020 (USD BILLION) 144
TABLE 124 HVAC SYSTEM MARKET IN NORTH AMERICA, BY EQUIPMENT TYPE,
2021–2026 (USD BILLION) 145
TABLE 125 HVAC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD BILLION) 145
TABLE 126 HVAC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD BILLION) 145
11.2.1 US 145
11.2.1.1 Increasing number of construction projects to boost HVAC system market growth in US 145
11.2.2 CANADA 146
11.2.2.1 Government initiatives for energy saving to drive demand for HVAC systems in Canada 146
11.2.3 MEXICO 146
11.2.3.1 Increasing focus on promoting use of energy-efficient HVAC systems to drive Mexican market growth 146
11.3 EUROPE 147
FIGURE 44 EUROPE: HVAC SYSTEM MARKET SNAPSHOT 147
TABLE 127 HVAC SYSTEM MARKETIN EUROPE, BY EQUIPMENT TYPE,
2017–2020 (USD BILLION) 148
TABLE 128 HVAC SYSTEM MARKET IN EUROPE, BY EQUIPMENT TYPE,
2021–2026 (USD BILLION) 148
TABLE 129 HVAC SYSTEM MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD BILLION) 148
TABLE 130 HVAC SYSTEM MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD BILLION) 148
11.3.1 UK 149
11.3.1.1 High demand for energy-efficient devices from commercial
and residential users to boost market growth in UK 149
11.3.2 GERMANY 149
11.3.2.1 Increasing innovations in software solutions for HVAC professionals to support growth of German market 149
11.3.3 FRANCE 149
11.3.3.1 Rising focus on reducing greenhouse gases to spur demand for HVAC systems in France 149
11.3.4 REST OF EUROPE 150
11.4 APAC 150
FIGURE 45 APAC: HVAC SYSTEM MARKET SNAPSHOT 151
TABLE 131 HVAC SYSTEM MARKET IN APAC, BY EQUIPMENT TYPE,
2017–2020 (USD BILLION) 151
TABLE 132 HVAC SYSTEM MARKET IN APAC, BY EQUIPMENT TYPE,
2021–2026 (USD BILLION) 152
FIGURE 46 INDIA TO BE FASTEST-GROWING MARKET FOR HVAC SYSTEMS IN APAC DURING FORECAST PERIOD 152
TABLE 133 HVAC SYSTEM MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION) 152
TABLE 134 HVAC SYSTEM MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION) 153
11.4.1 CHINA 153
11.4.1.1 Growing industrialization and urbanization in China to fuel growth of HVAC system market 153
11.4.2 INDIA 153
11.4.2.1 Surging need to save energy to boost demand for HVAC systems in India 153
11.4.3 JAPAN 154
11.4.3.1 Strict regulations for energy conservation to upsurge demand for HVAC systems in Japan 154
11.4.4 REST OF APAC 154
11.5 ROW 154
TABLE 135 HVAC SYSTEM MARKET IN ROW, BY EQUIPMENT TYPE,
2017–2020 (USD BILLION) 154
TABLE 136 HVAC SYSTEM MARKET IN ROW, BY EQUIPMENT TYPE,
2021–2026 (USD BILLION) 154
TABLE 137 HVAC SYSTEM MARKET IN ROW, BY COUNTRY, 2017–2020 (USD BILLION) 155
TABLE 138 HVAC SYSTEM MARKET IN ROW, BY COUNTRY, 2021–2026 (USD BILLION) 155
11.5.1 SOUTH AMERICA 155
11.5.1.1 Strong focus on infrastructure development in South America to boost HVAC system market growth 155
11.5.2 MIDDLE EAST & AFRICA 155
11.5.2.1 Stringent regulations for enhancing energy performance of buildings to drive market growth in Middle East & Africa 155
12 COMPETITIVE LANDSCAPE 157
12.1 OVERVIEW 157
12.2 MARKET EVALUATION FRAMEWORK 157
TABLE 139 OVERVIEW OF STRATEGIES DEPLOYED BY KEY HVAC SYSTEM PLAYERS 157
12.2.1 PRODUCT PORTFOLIO 158
12.2.2 REGIONAL FOCUS 158
12.2.3 MANUFACTURING FOOTPRINT 158
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 158
12.3 REVENUE ANALYSIS OF LEADING PLAYERS (2016–2020) 158
FIGURE 47 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN HVAC SYSTEM MARKET 158
12.4 MARKET SHARE ANALYSIS: HVAC SYSTEM MARKET, 2020 159
TABLE 140 DEGREE OF COMPETITION 159
12.5 COMPANY EVALUATION MATRIX 160
12.5.1 STAR 160
12.5.2 EMERGING LEADER 160
12.5.3 PERVASIVE 160
12.5.4 PARTICIPANT 160
FIGURE 48 COMPANY EVALUATION MATRIX, 2020 161
12.6 STARTUP EVALUATION MATRIX 162
TABLE 141 LIST OF STARTUPS IN HVAC SYSTEM MARKET 162
12.6.1 PROGRESSIVE COMPANY 163
12.6.2 RESPONSIVE COMPANY 163
12.6.3 DYNAMIC COMPANY 163
12.6.4 STARTING BLOCK 163
FIGURE 49 STARTUP (SME) EVALUATION MATRIX, 2020 164
12.7 COMPANY FOOTPRINT 165
TABLE 142 COMPANY FOOTPRINT 165
TABLE 143 FOOTPRINT OF DIFFERENT TYPES OF HVAC SYSTEMS OFFERED BY DIFFERENT COMPANIES 166
TABLE 144 FOOTPRINT OF DIFFERENT COMPANIES ACROSS DIFFERENT VERTICALS 167
TABLE 145 REGIONAL FOOTPRINT OF DIFFERENT COMPANIES 168
12.8 COMPETITIVE SITUATIONS AND TRENDS 169
12.8.1 PRODUCT LAUNCHES 169
TABLE 146 PRODUCT LAUNCHES, JANUARY 2020–SEPTEMBER 2021 169
12.8.2 DEALS 172
TABLE 147 DEALS, APRIL 2020–SEPTEMBER 2021 172
13 COMPANY PROFILES 176
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 INTRODUCTION 176
13.2 KEY PLAYERS 176
13.2.1 DAIKIN 176
TABLE 148 DAIKIN: BUSINESS OVERVIEW 176
FIGURE 50 DAIKIN: COMPANY SNAPSHOT 177
TABLE 149 DAIKIN: PRODUCT/SOLUTION/SERVICE OFFERINGS 177
TABLE 150 DAIKIN: DEALS 178
TABLE 151 DAIKIN: OTHERS 178
13.2.2 JOHNSON CONTROLS 180
TABLE 152 JOHNSON CONTROLS: BUSINESS OVERVIEW 180
FIGURE 51 JOHNSON CONTROLS: COMPANY SNAPSHOT 181
TABLE 153 JOHNSON CONTROLS: PRODUCT/SOLUTION/SERVICE OFFERINGS 181
TABLE 154 JOHNSON CONTROLS: PRODUCT LAUNCHES 182
TABLE 155 JOHNSON CONTROLS: DEALS 182
13.2.3 LG ELECTRONICS 185
TABLE 156 LG ELECTRONICS: BUSINESS OVERVIEW 185
FIGURE 52 LG ELECTRONICS: COMPANY SNAPSHOT 186
TABLE 157 LG ELECTRONICS: PRODUCT/SOLUTION/SERVICE OFFERINGS 186
TABLE 158 LG ELECTRONICS: PRODUCT LAUNCHES 187
13.2.4 CARRIER 189
TABLE 159 CARRIER: BUSINESS OVERVIEW 189
FIGURE 53 CARRIER: COMPANY SNAPSHOT 190
TABLE 160 CARRIER: PRODUCT/SOLUTION/SERVICE OFFERINGS 190
TABLE 161 CARRIER: PRODUCT LAUNCHES 192
TABLE 162 CARRIER: DEALS 193
13.2.5 TRANE TECHNOLOGIES 195
TABLE 163 TRANE TECHNOLOGIES: BUSINESS OVERVIEW 195
FIGURE 54 TRANE TECHNOLOGIES: COMPANY SNAPSHOT 196
TABLE 164 TRANE TECHNOLOGIES: PRODUCT/SOLUTION/SERVICE OFFERINGS 196
TABLE 165 TRANE TECHNOLOGIES: PRODUCT LAUNCHES 197
TABLE 166 TRANE TECHNOLOGIES: DEALS 198
13.2.6 EMERSON 200
TABLE 167 EMERSON: BUSINESS OVERVIEW 200
FIGURE 55 EMERSON: COMPANY SNAPSHOT 201
TABLE 168 EMERSON: PRODUCT/SOLUTION/SERVICE OFFERINGS 201
TABLE 169 EMERSON: PRODUCT LAUNCHES 202
TABLE 170 EMERSON: DEALS 202
TABLE 171 EMERSON: OTHERS 203
13.2.7 HONEYWELL 204
TABLE 172 HONEYWELL: BUSINESS OVERVIEW 204
FIGURE 56 HONEYWELL: COMPANY SNAPSHOT 205
TABLE 173 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 205
TABLE 174 HONEYWELL: PRODUCT LAUNCHES 206
TABLE 175 HONEYWELL: DEALS 207
TABLE 176 HONEYWELL: OTHERS 207
13.2.8 MITSUBISHI ELECTRIC 208
TABLE 177 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW 208
FIGURE 57 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 209
TABLE 178 MITSUBISHI ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERINGS 209
TABLE 179 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES 210
TABLE 180 MITSUBISHI ELECTRIC: DEALS 211
TABLE 181 MITSUBISHI ELECTRIC: OTHERS 211
13.2.9 SAMSUNG 212
TABLE 182 SAMSUNG: BUSINESS OVERVIEW 212
FIGURE 58 SAMSUNG: COMPANY SNAPSHOT 213
TABLE 183 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 213
TABLE 184 SAMSUNG: PRODUCT LAUNCHES 214
TABLE 185 SAMSUNG: OTHERS 214
13.2.10 NORTEK 215
TABLE 186 NORTEK: BUSINESS OVERVIEW 215
TABLE 187 NORTEK: PRODUCT/SOLUTION/SERVICE OFFERINGS 215
TABLE 188 NORTEK: PRODUCT LAUNCHES 216
TABLE 189 NORTEK: DEALS 217
TABLE 190 NORTEK: OTHERS 217
13.3 OTHER KEY PLAYERS 218
13.3.1 DANFOSS 218
13.3.2 FUJITSU 219
13.3.3 GREE 219
13.3.4 HITACHI 220
13.3.5 MIDEA 221
13.3.6 PANASONIC 221
13.3.7 HAIER SMART HOME 222
13.3.8 TOSHIBA 223
13.3.9 WHIRLPOOL 223
13.3.10 SIEMENS 224
13.3.11 ELECTROLUX 225
13.3.12 LENNOX 226
13.3.13 SCHNEIDER ELECTRIC 227
13.3.14 FERROLI 227
13.3.15 BOSCH THERMOTECHNOLOGY 228
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 APPENDIX 229
14.1 DISCUSSION GUIDE 229
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 232
14.3 AVAILABLE CUSTOMIZATIONS 234
14.4 RELATED REPORTS 234
14.5 AUTHOR DETAILS 235
