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Global Single Packaged HVAC Systems Market 2017-2021

  • Published: Nov 2017
  • Pages: 80
  • SKU: IRTNTR15577
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This market research study identifies Daikin Industries, Johnson Controls, LG Electronics, and Trane (Ingersoll-Rand) as the leading players in the global single packaged HVAC systems market. A comprehensive analysis of this market is also presented by product (air-cooled systems and water-cooled systems), by end-user (residential and non-residential), and by geography (the Americas, APAC, and EMEA).

Overview of the global single packaged HVAC systems market

A large number of countries such as the US, the UK, Germany, and Japan are witnessing a growing demand for the replacement of existing HVAC equipment due to the increasing preference for energy efficiency, availability of favorable government incentives, and the rising focus on the reduction of operating costs. Research analysis on the global single packaged HVAC systems market identifies that the growing replacement demand in developed countries will be one of the major factors that will have a positive impact on the growth of the market. Stringent environmental regulations introduced by various regulatory bodies are encouraging manufacturers to replace hydrochlorofluorocarbons (HCFC) with climate-friendly refrigerants. The trend for the replacement and retrofit operations of old HVAC systems in many countries due to the incentives from authorities is driving the adoption of efficient HVAC package unit. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 7% by 2021.

The growing urban population in APAC is driving the need for residential and commercial spaces, which in turn, creates a demand for new infrastructure. The growing number of construction activities in emerging countries is resulting in an increased adoption of single packaged heating and air conditioning units in APAC. The commercial and residential construction sector in India is also experiencing significant growth. For instance, the Indian government suggested the implementation of the smart cities mission and allocated a sum of more than USD 7 billion. This in turn, will boost the growth of the single packaged HVAC systems market in the forthcoming years.

Competitive landscape and key vendors

The single packaged HVAC systems market is characterized by the presence of several vendors, with international and regional footprints. These vendors are increasingly competing against each other based on factors such as functionalities, features, quality, and services. Many vendors of the HVAC unit market are adopting key strategies such as mergers and acquisitions to reach out to a large consumer base while offering improved solutions.

Key vendors in this market are -

  • Daikin Industries
  • Johnson Controls
  • LG Electronics
  • Trane (Ingersoll-Rand)

Other prominent vendors in the market include Bosch, Carrier, Electrolux, FUJITSU, GREE ELECTRIC APPLIANCES, Haier, Lennox, Magic Aire, Midea, Mitsubishi Electric, Panasonic, and SAMSUNG.

Segmentation by product and analysis of the single packaged HVAC systems market

  • Air-cooled systems
  • Water-cooled systems

Air-cooled single packaged HVAC systems are extensively used in areas with scarce water sources. These systems are cheaper in comparison to water-cooled single packaged HVAC systems because they do not require an additional water-cooled condenser unit. The single packaged HVAC systems market is expected to witness growth in the air-cooled systems segment throughout the estimated period because these systems can utilize open spaces such as parking lots and rooftops.

Segmentation by end-user and analysis of the single packaged HVAC systems market

  • Residential
  • Non-residential

The non-residential segment includes offices and retail stores, manufacturing and industrial buildings, and healthcare and educational buildings. Single packaged HVAC systems used for commercial purposes are more expensive than the HVAC systems used for residential purposes. A large number of office and industrial buildings highly rely on heating and cooling units, unlike the single-family homes. This in turn, will boost the adoption rate of single packaged HVAC systems in the non-residential segment. This will consequently fuel the growth of the HVAC unit market.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global single packaged HVAC systems market?
  • What are the key market trends impacting the growth of the global single packaged HVAC systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global single packaged HVAC systems market?
  • What are the market opportunities and threats faced by the vendors in the global single packaged HVAC systems market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global single packaged HVAC systems market?

Technavio also offers customization on reports based on specific client requirement.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Air-cooled single packaged HVAC systems – Market size & forecast
  • Water-cooled single packaged HVAC systems– Market size & forecast
  • Market opportunity by product

PART 07: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user

PART 08: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC – Market size & forecast
  • EMEA – Market size & forecast
  • Americas – Market size & forecast
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Integration of IoT with HVAC
  • Building automation systems

PART 12: VENDOR LANDSCAPE

  • Competitive scenario
  • Other prominent vendors

PART 13: VENDOR ANALYSIS

  • Vendor overview
  • Daikin Industries
  • Johnson Controls
  • LG Electronics
  • Trane (Ingersoll-Rand)

PART 14: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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