HVAC Equipment Market by End-user. Product, and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 171 SKU: IRTNTR43567

The HVAC Equipment Market size is estimated to grow at a CAGR of 6.22% between 2022 and 2027. The size of the market is forecast to increase by USD 48.34 billion. The growth of the market depends on several factors, including the increasing residential and commercial construction activities, the cost advantages associated with renting HVAC equipment, and the increase in demand for centralized HVAC systems.

This HVAC equipment market forecast report extensively covers market segmentation by end-user (non-residential and residential), product (air conditioning equipment, heating equipment, and ventilation equipment), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

HVAC equipment market growth and trends

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What is the Fastest-Growing Segment in the HVAC Equipment Market?

The market share growth by the non-residential segment will be significant during the forecast period. The non-residential end-users of the equipment are manufacturing facilities, commercial and industrial buildings, data centers, retail stores, healthcare facilities, and educational institutions. The increase in construction activities in the non-residential end-user segment will drive the demand for the equipment during the forecast period.

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The non-residential segment was valued at USD 67.75 billion in 2017 and continue to grow by 2021. The segment accounts for the largest revenue share of the market because the large share is attributed to the rising need for energy efficiency among organizations and commercial firms. HVAC and lighting systems account for a major part of energy consumption in commercial buildings. Therefore, it is crucial for vendors to develop HVAC systems that are energy-efficient and comply with regional as well as international regulations. Telecommunication and data centers also use the equipment to maintain the optimum temperature in the rooms where servers and other devices are kept. Such factors will increase the market growth during the forecast period.

Which are the Key Regions for the HVAC Equipment Market?

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APAC is estimated to contribute 55% to the growth of the global HVAC equipment market share during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the HVAC equipment market in APAC is primarily driven by the public sector as well as private enterprises in countries such as India and China, which are investing large amounts of money in construction projects. The increasing construction of commercial and industrial buildings, along with the rising investments in infrastructural development in the region, will further support the growth of the market in the region during the forecast period.

In 2020, the market in APAC witnessed a significant decline in revenue due to the COVID-19 pandemic. However, with the easing of lockdown restrictions and large-scale COVID-19 vaccination drives, the sales of new equipment improved in 2021. Non-residential consumers like office buildings, retail outlets, and industrial buildings upgraded their old equipment and systems to prevent the spread of the pandemic through air recirculation. They will introduce new variable-speed fan motors and better airflow-control systems. Such modifications will further escalate the demand for equipment in this region. Moreover, vendors in the equipment market in APAC have also been focusing on expanding their operating base. Such expansions by vendors in the region are anticipated to drive the growth of the regional market during the forecast period.

HVAC Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing residential and commercial construction activities are notably driving the market growth, although factors such as stringent regulations may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key HVAC Equipment Market Driver

Increasing residential and commercial construction activities is the major driver of the growth of the market. Infrastructural projects related to commercial and residential buildings are increasing globally at a significant rate, owing to population growth and regulatory support from various government bodies for construction projects.

As the population increases, the need for residential and commercial spaces will rise, which, in turn, will boost the number of construction projects. The number of residential and commercial buildings is rapidly increasing in developing countries such as the UAE, Saudi Arabia, India, and China, which will propel the demand for HVAC equipment.

Significant HVAC Equipment Market Trend

The advent of smart HVAC systems is the major trend in driving the growth of the market. A smart HVAC system is an intelligent technology that enables users to control their equipment remotely using a smartphone, tablet, or desktop. The traditional HVAC system only allows users to change the temperature of the building using the built-in control panel or switch. On the other hand, a smart HVAC system gives consumers more user-friendly, efficient, and accessible control over the traditional HVAC system. Also, a smart HVAC system not only can run more efficiently but also reduce energy costs.

Thus, a smart HVAC system can help in saving around 13% per month on energy bills. Also, the smart HVAC system consists of sensors that can help users to prevent costly breakdowns. Thus, the equipment helps users in maximizing control for greater efficiency, reduced operating costs, and extended equipment life. Hence, the advent of smart HVAC systems will lead to the growth of the market during the forecast period.

Major HVAC Equipment Market Challenge

Stringent regulations are the major hindrance to the growth of the market. Vendors that offer the equipment must comply with the regulations framed by various government organizations and independent agencies. These regulations are aimed at ensuring that proper measures are taken while operating, installing, and manufacturing the equipment. The ACCA standard focuses on the new installation requirements for HVAC systems. As per this regulation, the correct design, proper installation, and testing have a large impact on consumers' satisfaction as well as on energy savings. This standard details the level of performance, which ensures that sound industry practices are followed during the design and installation phases of an HVAC system.

The design shall also consider the effects of fire on HVAC systems. Compliance with such regulations can increase the cost borne by the vendors, which, in turn, can affect their profit margins. Non-compliance can lead to penalties, including suspension of licenses, imprisonment, and an order to cease future operations. This can further impact revenue generation in the market during the forecast period.

Key HVAC Equipment Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global HVAC Equipment Market Customer Landscape

Who are the Major HVAC Equipment Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Electroluxgroup - The company offers HVAC equipment such as air handling units, air-source heat pumps, chillers, coils and condensers and condensing units.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • AAON Inc.
  • Daikin Industries Ltd.
  • Emerson Electric Co
  • Fujitsu Ltd.
  • Gree Electric
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • Ingersoll Rand Inc.
  • Johnson Controls International Plc.
  • Lennox International Inc.
  • LG Electronics Inc.
  • MIDEA Group
  • Nortek Inc.
  • Rheem Manufacturing Co.
  • Bosch Thermotechnik GmbH

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The HVAC equipment market analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

  • End-user Outlook (USD Billion, 2017 - 2027)
    • Non-residential
    • Residential
  • Product Outlook (USD Billion, 2017 - 2027)
    • Air conditioning equipment
    • Heating equipment
    • Ventilation equipment
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

HVAC Equipment Market Scope

Report Coverage

Details

Page number

171

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.22%

Market growth 2023-2027

USD 48.34 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.65

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 55%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AAON Inc., AB Electrolux., Daikin Industries Ltd., Emerson Electric Co, Fujitsu Ltd., Gree Electric, Haier Smart Home Co. Ltd., Hitachi Ltd., Ingersoll Rand Inc., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MIDEA Group, Nortek Inc., Rheem Manufacturing Co., Bosch Thermotechnik GmbH, Samsung Electronics Co. Ltd., Seeley International Pty Ltd., Whirlpool Corp., and A. O. Smith Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this HVAC Equipment Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the HVAC equipment market between 2023 and 2027
  • Precise estimation of the HVAC equipment market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of HVAC equipment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global HVAC equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global HVAC equipment market 2017 - 2021 ($ billion)
    • 4.2 End user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End user Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Non-residential - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
    • 6.4 Residential - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Air conditioning equipment - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Air conditioning equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Air conditioning equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Air conditioning equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Air conditioning equipment - Year-over-year growth 2022-2027 (%)
    • 7.4 Heating equipment - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Heating equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Heating equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Heating equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Heating equipment - Year-over-year growth 2022-2027 (%)
    • 7.5 Ventilation equipment - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Ventilation equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Ventilation equipment - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Ventilation equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Ventilation equipment - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 59: Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 A. O. Smith Corp.
              • Exhibit 112: A. O. Smith Corp. - Overview
              • Exhibit 113: A. O. Smith Corp. - Key offerings
            • 12.4 AAON Inc.
              • Exhibit 114: AAON Inc. - Overview
              • Exhibit 115: AAON Inc. - Business segments
              • Exhibit 116: AAON Inc. - Key offerings
              • Exhibit 117: AAON Inc. - Segment focus
            • 12.5 AB Electrolux.
              • Exhibit 118: AB Electrolux. - Overview
              • Exhibit 119: AB Electrolux. - Business segments
              • Exhibit 120: AB Electrolux. - Key news
              • Exhibit 121: AB Electrolux. - Key offerings
              • Exhibit 122: AB Electrolux. - Segment focus
            • 12.6 Daikin Industries Ltd.
              • Exhibit 123: Daikin Industries Ltd. - Overview
              • Exhibit 124: Daikin Industries Ltd. - Business segments
              • Exhibit 125: Daikin Industries Ltd. - Key news
              • Exhibit 126: Daikin Industries Ltd. - Key offerings
              • Exhibit 127: Daikin Industries Ltd. - Segment focus
            • 12.7 Emerson Electric Co
              • Exhibit 128: Emerson Electric Co - Overview
              • Exhibit 129: Emerson Electric Co - Business segments
              • Exhibit 130: Emerson Electric Co - Key news
              • Exhibit 131: Emerson Electric Co - Key offerings
              • Exhibit 132: Emerson Electric Co - Segment focus
            • 12.8 Fujitsu Ltd.
              • Exhibit 133: Fujitsu Ltd. - Overview
              • Exhibit 134: Fujitsu Ltd. - Business segments
              • Exhibit 135: Fujitsu Ltd. - Key news
              • Exhibit 136: Fujitsu Ltd. - Key offerings
              • Exhibit 137: Fujitsu Ltd. - Segment focus
            • 12.9 Gree Electric
              • Exhibit 138: Gree Electric - Overview
              • Exhibit 139: Gree Electric - Product / Service
              • Exhibit 140: Gree Electric - Key offerings
            • 12.10 Haier Smart Home Co. Ltd.
              • Exhibit 141: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 142: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 143: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 144: Haier Smart Home Co. Ltd. - Segment focus
            • 12.11 Ingersoll Rand Inc.
              • Exhibit 145: Ingersoll Rand Inc. - Overview
              • Exhibit 146: Ingersoll Rand Inc. - Business segments
              • Exhibit 147: Ingersoll Rand Inc. - Key offerings
              • Exhibit 148: Ingersoll Rand Inc. - Segment focus
            • 12.12 Johnson Controls International Plc.
              • Exhibit 149: Johnson Controls International Plc. - Overview
              • Exhibit 150: Johnson Controls International Plc. - Business segments
              • Exhibit 151: Johnson Controls International Plc. - Key news
              • Exhibit 152: Johnson Controls International Plc. - Key offerings
              • Exhibit 153: Johnson Controls International Plc. - Segment focus
            • 12.13 LG Electronics Inc.
              • Exhibit 154: LG Electronics Inc. - Overview
              • Exhibit 155: LG Electronics Inc. - Business segments
              • Exhibit 156: LG Electronics Inc. - Key news
              • Exhibit 157: LG Electronics Inc. - Key offerings
              • Exhibit 158: LG Electronics Inc. - Segment focus
            • 12.14 MIDEA Group
              • Exhibit 159: MIDEA Group - Overview
              • Exhibit 160: MIDEA Group - Business segments
              • Exhibit 161: MIDEA Group - Key offerings
              • Exhibit 162: MIDEA Group - Segment focus
            • 12.15 Nortek Inc.
              • Exhibit 163: Nortek Inc. - Overview
              • Exhibit 164: Nortek Inc. - Product / Service
              • Exhibit 165: Nortek Inc. - Key offerings
            • 12.16 Bosch Thermotechnik GmbH
              • Exhibit 166: Bosch Thermotechnik GmbH - Overview
              • Exhibit 167: Bosch Thermotechnik GmbH - Product / Service
              • Exhibit 168: Bosch Thermotechnik GmbH - Key offerings
            • 12.17 Samsung Electronics Co. Ltd.
              • Exhibit 169: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 170: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 171: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 172: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 173: Samsung Electronics Co. Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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