HVAC Market to Reach $128.7 Billion at a CAGR of 7.6% to 2020

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Heating Ventilation and Air-Conditioning (HVAC) Market Led By Demand from Asia-Pacific region to Reach the $128.7 Billion Mark By 2020

Heating, Ventilating and Air-conditioning systems are a group of closely interrelated systems whose main function is to provide indoor comfort by maintaining good air quality. They are often referred to as HVAC. HVAC systems are essential part of residential, commercial, industrial and automotive comfort as they play a critical role in the health, productivity and value the occupant.

For better understanding, Heating, Ventilation and Air-Conditioning (HVAC) market can be broadly classified into heating, cooling and ventilating equipment based on common characteristics. Heating Equipment consists of heat pumps, furnaces, boilers, space heaters; Cooling Equipment consists of air conditioners, chillers, cooling tower, evaporative coolers; Ventilating Equipment consists of air distribution and air treatment equipment. Browse 130 Market Tables, 80 Figures spread through 250 Pages and an in-depth TOC on “Heating Ventilation and Air-Conditioning (HVAC) Market” at:

According to a recent study from IndustryARC, the HVAC market in 2014 was $128.7 Billion, dominated by APAC region accounting to almost 51% of overall market share growing with CAGR of 7.6%. Factors such as increasing purchasing power and construction activity combined with growing industrialization in developing countries such as China, India, and Indonesia amongst others are driving this market. Due to favorable geographic climate, the major market in APAC is that of cooling market wherein air-conditioners contributes to almost 78% of overall market share. As compared to other geographic regions 47% of evaporative coolers (desert/ swamp coolers) are used in APAC region.

The HVAC market in North America and Europe which mostly consists of developed countries is saturated wherein the product provided in the market has been maximized. However, increasing concerns regarding the environment has demanded the government of these countries to impose regulations and policies such as tax credits and rebates which is driving the population towards replacement of older units with energy efficient units. Also, product improvements would influence the population to upgrade to newer version of HVAC equipment. Check sample of research at:

The Heating, Ventilation and Air-Conditioning (HVAC) industry worldwide is extremely fragmented with domestic, international and even unorganized players present in almost every geographic region. The products are less differentiated as HVAC systems contain similar basic components such as compressors, coils, fans etc. This results in competitive pricing due to intense rivalry.

The HVAC Market is analyzed by the following End User Verticals:

  • Residential
  • Commercial
  • Industrial
  • Automotive

Following Key Players were also covered as part of the market landscape analysis:

  • United Technologies Corp. (Carrier)
  • Daikin Industries Limited
  • Lennox International
  • Ingersoll-Rand PLC (Trane)
  • LG Electronics Incorporated

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Competitive landscape for each of the product types is highlighted and market players are profiled. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Heating, Ventilation and Air-Conditioning (HVAC) market and future opportunities are provided in the report. This report on the Heating, Ventilation and Air-Conditioning (HVAC) industry identifies many such insights and M&A opportunities, besides providing a detailed analysis of the overall industry.

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