The Heating Equipment Manufacturing Market is expected to exceed more than US$ 285.70 Billion by 2027 at a CAGR of 7.14%.
The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. Major factors driving the growth of the HVAC system market include increasing demand for HVAC systems for reducing energy consumption, extreme weather conditions, government tax credit and rebate programs, and growing demand for HVAC systems to upgrade old systems. The objective of the report is to provide a detailed analysis of the HVAC system market segmented based on heating equipment, ventilation equipment, cooling equipment, implementation type, application, and geography. It also provides detailed information on the major factors influencing the growth of the HVAC system market.
The heating equipment manufacturing market growth outlook is positive with significant growth potential for boilers and solar water heating equipment. There is pressure on heating equipment manufacturers to offer energy efficient equipment at affordable prices. At the same time, factors such as rising disposable income in emerging markets, subsidies for solar water heating equipment and increasing demand for energy efficient equipment in developed and developing markets are contributing to the growth of the market. The market for heating equipment manufacturing is fragmented. Major players in the market are United Technologies Corp., Ingersoll Rand plc, Robert Bosch GmbH, Ariston Thermo Group, Daikin Industries, Ltd. and others.
Heating Equipment Manufacturing Market is segmented based on the Heating Equipment: as Heat Pumps, Furnaces, Boilers, Unitary Heaters. Based on Ventilation Equipment it covers Humidifiers, Dehumidifiers, Air Purifiers, Air Filters, Ventilation Fans, Air Handling Units. The report segments Heating Equipment Manufacturing Market based on Cooling Equipment as Room Air Conditioners, Unitary Air Conditioners, Chillers, Coolers, Cooling Towers, VRF Systems Based on application it covers Residential, Commercial, Industrial, Paper & Printing, Building & Construction, Retail Heating Equipment Manufacturing Market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Heating Equipment Manufacturing Market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Competitive Rivalry
Heating Equipment Manufacturing Market share consists of several players including Daikin (Japan), United Technologies (US), Johnson Controls (US), Ingersoll-Rand (Ireland), and LG Electronics (South Korea). The HVAC system provided by these players are required to meet the standards mandated by governmental organizations, such as International Organization for Standardization (ISO).
The Heating Equipment Manufacturing Market has been segmented as below:
Heating Equipment Manufacturing Market, By Heating Equipment:
Heating Equipment Manufacturing Market, By Ventilation Equipment
Heating Equipment Manufacturing Market, By Cooling Equipment:
Heating Equipment Manufacturing Market, By Application
Heating Equipment Manufacturing Market, By Region
The report covers:
Report scope:
The Heating Equipment Manufacturing Market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends.
The report scope includes market analysis on regional as well as country level. The report also provides competitive landscape covering company market shares with detailed profiling for major revenue contributing companies.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Daikin (Japan), United Technologies (US), Johnson Controls (US), Ingersoll-Rand (Ireland), and LG Electronics (South Korea). The HVAC system provided by these players are required to meet the standards mandated by governmental organizations, such as International Organization for Standardization (ISO).
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.2.1. Demand for Improved HVAC Systems to Reduce Energy Consumption
4.2.2. Government Tax Credit and Rebate Programs
4.2.3. Increasing Demand for HVAC Systems Because of the Need for Upgrade Refurbishment
4.2.4. Government Regulations and Policies for Conserving Energy
4.3. Restraints
4.3.1. Higher Installation Cost of Energy-Efficient HVAC Systems
4.3.2. Lack of Awareness Regarding Benefits of HVAC System in Developing Countries
4.4. Opportunities
4.4.1. Increasing Investments in Construction Sector
4.4.2. Integration of IoT With HVAC Systems
4.4.3. Increasing Penetration of VRF Systems in Residential Applications
4.5. Challenges
4.5.1. Complexities in HVAC Retrofit
5. Heating Equipment Manufacturing Market, By Heating Equipment
5.1. Key Points
5.2. Heat Pumps
5.3. Furnaces
5.4. Boilers
5.5. Unitary Heaters
6. Heating Equipment Manufacturing Market, By Ventilation Equipment
6.1. Key Points
6.2. Humidifiers
6.3. Dehumidifiers
6.4. Air Purifiers
6.5. Air Filters
6.6. Ventilation Fans
6.7. Air Handling Units
7. Heating Equipment Manufacturing Market, By Cooling Equipment
7.1. Key Points
7.2. Room Air Conditioners
7.3. Unitary Air Conditioners
7.4. Chillers
7.5. Coolers
7.6. Cooling Towers
7.7. VRF Systems
8. Heating Equipment Manufacturing Market, By Application
8.1. Key Points
8.2. Residential
8.3. Commercial
8.4. Industrial
8.5. Paper & Printing
8.6. Building & Construction
8.7. Retail
8.8. Others
9. Competitive Landscape
9.1. Introduction
9.2. Recent Developments
9.2.1. Mergers & Acquisitions
9.2.2. New Product Developments
9.2.3. Portfolio/Production Capacity Expansions
9.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.2.5. Others
10. Company Profile
10.1. Daikin
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. United Technologies
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. Johnson Controls
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Ingersoll-Rand
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. LG Electronics
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Panasonic.
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. Qingdao Haier.
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. Samsung Electronics
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Whirlpool
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. Danfoss
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. Hitachi
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. Gree
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. Midea
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
The Heating Equipment Manufacturing Market has been segmented as below:
Heating Equipment Manufacturing Market, By Heating Equipment:
Heating Equipment Manufacturing Market, By Ventilation Equipment
Heating Equipment Manufacturing Market, By Cooling Equipment:
Heating Equipment Manufacturing Market, By Application
Heating Equipment Manufacturing Market, By Region
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