Growth Opportunities in the Global HVAC Equipment Market

NEW YORK, April 10, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2022 by product type (furnace, heat pump, central AC, room AC and others), end use (residential, office, retail, hospitality, education, healthcare and others), and region (North America, Europe, APAC, and the Rest of the World)


Read the full report: http://www.reportlinker.com/p04804596/Growth-Opportunities-in-the-Global-HVAC-Equipment-Market.html



The future of the global heating, ventilation, and air conditioning (HVAC) market looks good with opportunities in the residential and commercial construction industries. The global HVAC equipment market is expected to reach an estimated $120.6 billion by 2022 and it is forecast to grow at a CAGR of 4.9% from 2017 to 2022. The major drivers of growth are increasing disposable income, rapidly increasing construction activities in developing economies, and changing climate conditions.

Emerging trends, which have a direct impact on the dynamics of the market, include the increasing usage of green HVAC, increasing usage of air purification technology, and increasing usage of smart thermostat.

The study includes a forecast for the global HVAC equipment market by product type, end use, and region, as follows:

HVAC equipment market by Product Type [Volume (million units) and Value ($ billion) from 2011 to 2022]:
- Furnace
- Heat Pump
- Central AC
- Room AC
- Others

HVAC equipment market by End Use [Volume (million units) and Value ($ billion) from 2011 to 2022]:
- Residential
- Healthcare
- Education
- Hospitality
- Office
- Retail
- Others

HVAC equipment market by Region [Volume (million units) and value $ billion from 2011 to 2022]:
- North America
- Europe
- Asia Pacific
- Rest of the World

HVAC equipment companies profiled in this market report include Gree Electric Appliances, GD Midea group, Daikin Industries, Ingersoll Rand Plc, and UTC (United Technology and Corporation).

On the basis of its comprehensive research, Lucintel forecasts that room AC is expected to show above average growth during the forecast period of 2017 to 2022 due to urbanization and increasing disposable income in emerging economies like China and India.

Within the global HVAC equipment market, residential is expected to remain the largest segment during the forecast period. Increasing penetration of air conditioners and strong growth in construction industry are the major driving forces that will spur growth for this segment over the forecast period.

APAC is expected to remain the largest region due to the increasing rate of urbanization, along with growth in disposable income.

Some of the features of "Growth Opportunities in the Global HVAC Equipment Market 2017-2022: Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: Global HVAC equipment market size estimation in terms of value ($M) and volume (million units) shipment.
- Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by region and segments.
- Segmentation analysis: Global HVAC equipment market size by various applications such as product, and end use in terms of value and volume shipment
- Regional analysis: Global HVAC equipment market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global HVAC equipment market suppliers.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global HVAC equipment market by product type (furnace, heat pump, central AC, room AC and others), end use (residential, office, retail, hospitality, education, healthcare and others), and region (North America, Europe, APAC, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in HVAC equipment market?
Q.5. What are the business risks and competitive threats in HVAC equipment market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some changing customer demands in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material / product substitution?
Q.11. What M&A activity has occurred in the last 5 years?

Methodology
This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the manufacturers in global HVAC equipment market are Gree Electric Appliances, GD Midea, Daikin, Ingersoll-Rand Plc, United Technology Corporation (Carrier), and others. The major distributors that purchase HVAC equipment from manufacturers are Air solution Inc., Connor Co., Ingersoll-Rand residential solution, Worrel HVAC Inc., F.W. Webb Co., B&D supply Inc., Watsco Inc. and others.

Read the full report: http://www.reportlinker.com/p04804596/Growth-Opportunities-in-the-Global-HVAC-Equipment-Market.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com


__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-in-the-global-hvac-equipment-market-300437483.html

SOURCE Reportlinker