Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020

Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020 Updated Research Available

Strategies Centered on Solution-based HVAC Offerings and Clean Air for the Built Environment Create New Growth Opportunities

RELEASE DATE
19-Nov-2020
REGION
Global
Research Code: K49F-01-00-00-00
SKU: EN01224-GL-MT_24948
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Description

Frost & Sullivan estimated HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion. Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save money are in the spotlight. The COVID-19 pandemic has intensified the focus on buildings’ ventilation systems and their role in reducing the risk of airborne virus transmission in workplaces and commercial establishments. Software-enabled services are in wide use to monitor usage trends and system performance, and perform predictive and preventive maintenance in order to reduce downtime and unexpected breakdowns.

COVID-19-related construction activity suspension, supply chain disruption, manufacturing facility shutdowns wreaked havoc on the industry; this is expected to affect market growth in short and medium terms. The high upfront cost for large installations also is proving to be a challenge. New business models that address the high capital expenditure barrier and support system operation and maintenance will be beneficial to the market.

Research Scope

Frost & Sullivan examines market performance in 4 key regions (North America, Europe, Asia-Pacific, and Rest of World [consisting of the Middle East, Africa, Latin America, and the Commonwealth of Independent States]), and by product type: heating equipment (heat pumps, boilers, furnaces, unitary heaters); ventilation equipment (ventilation fans, air handling units and fan coil units, humidifiers/dehumidifiers, air cleaners); and cooling equipment (ducted split/packaged unit, split units, room ACs, chillers, variable refrigerant flow) for residential, industrial (warehouses, factories, manufacturing plants) and commercial (offices, malls, schools, universities/colleges, healthcare facilities, hospitality businesses, data centers, and transportation and government building) use. 


Key Issues Addressed

  • What will affect market growth through 2026?
  • What factors influence market dynamics, including drivers and challenges?
  • How do various end-user industries and applications boost HVAC equipment revenue?
  • Who are the key market participants and what are their competitive strengths?
  • How do technological advancements enable market growth?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives 8™ on the HVAC Equipment Market

Growth Opportunities Fuel the Growth Pipeline Engine™

HVAC Equipment Market, Scope of Analysis

HVAC Equipment Market, Segmentation

Key Competitors in the HVAC Equipment Market

Key Growth Metrics in the HVAC Equipment Market

HVAC Equipment Market Distribution Channels

HVAC Equipment Market Distribution Channel Analysis

Growth Drivers in the HVAC Equipment Market

Growth Restraints in the HVAC Equipment Market

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Revenue Forecast by Vertical Market

Revenue Forecast by Product Type

Revenue Forecast Analysis by Product Type

Pricing Trends and Forecast Analysis

Competitive Environment

Market Share Analysis

Market Share Analysis (continued)

Key Growth Metrics

Key Findings

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Product Type

Revenue Forecast Analysis by Product Type

Revenue Forecast by Vertical Market

Revenue Forecast Analysis by Vertical Market

Key Growth Metrics

Key Findings

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Product Type

Revenue Forecast Analysis by Product Type

Revenue Forecast by Vertical Market

Revenue Forecast Analysis by Vertical Market

Key Growth Metrics

Key Findings

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Product Type

Revenue Forecast Analysis by Product Type

Revenue Forecast by Vertical Market

Revenue Forecast Analysis by Vertical Market

Key Growth Metrics

Key Findings

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Product Type

Revenue Forecast Analysis by Product Type

Revenue Forecast by Vertical Market

Revenue Forecast Analysis by Vertical Market

Growth Opportunity 1: Sustainability in the HVAC Equipment Market

Growth Opportunity 1: Sustainability in the HVAC Equipment Market (continued)

Growth Opportunity 2: Optimizing HVAC Equipment for Demand Response Programs

Growth Opportunity 2: Optimizing HVAC Equipment for Demand Response Programs (continued)

Growth Opportunity 3: HVACaaS

Growth Opportunity 3: HVACaaS (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Frost & Sullivan estimated HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion. Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save money are in the spotlight. The COVID-19 pandemic has intensified the focus on buildings ventilation systems and their role in reducing the risk of airborne virus transmission in workplaces and commercial establishments. Software-enabled services are in wide use to monitor usage trends and system performance, and perform predictive and preventive maintenance in order to reduce downtime and unexpected breakdowns. COVID-19-related construction activity suspension, supply chain disruption, manufacturing facility shutdowns wreaked havoc on the industry; this is expected to affect market growth in short and medium terms. The high upfront cost for large installations also is proving to be a challenge. New business models that address the high capital expenditure barrier and support system operation and maintenance will be beneficial to the market.--BEGIN PROMO--

Research Scope

Frost & Sullivan examines market performance in 4 key regions (North America, Europe, Asia-Pacific, and Rest of World [consisting of the Middle East, Africa, Latin America, and the Commonwealth of Independent States]), and by product type: heating equipment (heat pumps, boilers, furnaces, unitary heaters); ventilation equipment (ventilation fans, air handling units and fan coil units, humidifiers/dehumidifiers, air cleaners); and cooling equipment (ducted split/packaged unit, split units, room ACs, chillers, variable refrigerant flow) for residential, industrial (warehouses, factories, manufacturing plants) and commercial (offices, malls, schools, universities/colleges, healthcare facilities, hospitality businesses, data centers, and transportation and government building) use. 

Key Issues Addressed

  • What will affect market growth through 2026?
  • What factors influence market dynamics, including drivers and challenges?
  • How do various end-user industries and applications boost HVAC equipment revenue?
  • Who are the key market participants and what are their competitive strengths?
  • How do technological advancements enable market growth?
More Information
No Index No
Podcast No
Predecessor NF5E-01-00-00-00
Author Dennis Marcell Victor
Industries Environment
WIP Number K49F-01-00-00-00
Is Prebook No
GPS Codes 9343-A4