HVAC Market Analysis APAC,Europe,North America,Middle East and Africa,South America - US,China,Japan,Germany,UK - Size and Forecast 2024-2028
| Published: Dec 2023 | Pages: 97 | SKU: IRTNTR46669 |
HVAC Market Forecast Report 2024-2028
The HVAC market size is estimated to increase by USD 74.02 billion, at a CAGR of 6.5% between 2023 and 2028. The growth rate of the market depends on several factors such as the growing construction sector, the rising preference for condensing boilers, and the increasing refurbishment and replacement demand.
The market trends and analysis report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Type, which comprises HVAC equipment and HVAC services. Additionally, it categorizes End-user into non-residential and residential and covers Regions, including APAC, Europe, North America, Middle East and Africa, and South America. The market growth analysis report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Industry Overview
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Market Size and Growth
Driver- Growing construction sector
The construction sector plays a major role in driving the demand for systems. With the increase in the construction of commercial and residential buildings, the demand for equipment and services has been increasing, thereby driving the growth of the market during the forecast period.
Furthermore, ductless systems are highly efficient and flexible. Ductless systems are highly applicable in residential buildings. Most of the countries in APAC prefer ductless air conditioning as it is more economical and consumes less energy than central air-conditioning for the residential sector. Ductless systems can be used to heat and cool the entire house or installed in new room additions, individual rooms, or basements to ensure zoned solutions. Mini split ACs can either be installed in ceilings, walls, or floors. Such development is expected to drive the market growth and trends during the forecast period.
Emerging Trends in the HVAC Market - Rise in incorporation of building automation systems
BASs, which control and monitor other facilities of a given building, are embedded with computing and digital communication tools that allow these systems to enhance energy efficiency. The number of integrated BAS installations has increased owing to the rise in the number of construction projects and building retrofits.
Moreover, the energy efficiency ensured by the ever-improving BAS technology enables building owners to enhance facility management with integrated user-friendly solutions. The integration of HVAC controls with access control technologies is one such example. Such benefits are expected to propel the growth of the global market during the forecast period.
Future Outlook and Opportunities
The future outlook of the market promises opportunities shaped by technological advancements, notably in the realm of IoT (Internet of Things). Customers increasingly seek smart, energy-efficient solutions, driving innovation in the air conditioning industry. IoT integration allows for enhanced control and automation, optimizing systems for personalized comfort and energy savings. The interconnectivity of devices is reshaping the landscape, offering not just climate control but also predictive maintenance and improved efficiency. As the market embraces these advancements, there's a clear trajectory towards a more responsive, sustainable, and customer-centric industry poised for growth and evolution in the years to come.
Challenge- Failure issues with HVAC equipment
The units used in the residential and non-residential segments are made up of various components for the heating and cooling systems. These systems have evolved in the past years to include more software-based and electrical components, along with numerous mechanical components that are necessary for cooling or heat transfer. Due to the increase in the number of components in a unit, the chances of any of these parts failing have also increased.
Thus, failure issues in equipment can lead to an increase in the operating cost of end-users and will encourage them to opt for substitutes, thus impacting the demand for equipment, and hindering the growth of the market during the forecast period.
Regulatory Landscape
The HVAC market's regulatory landscape is evolving to address questions surrounding air quality, innovation, and customer satisfaction. With a focus on environmental concerns, regulations impact the construction industry, demanding energy-efficient air conditioners and refrigeration systems. Manufacturers, suppliers, and contractors in the industry are adapting to stringent guidelines, emphasizing regular maintenance and innovative solutions. Ductwork standards play a crucial role in enhancing air quality, while regulations span multiple pages, reflecting the complexity of the industry. As the sector navigates evolving regulations, the commitment to meeting customer needs and advancing technology remains pivotal for all stakeholders in this dynamic market.
Segmentation by Type, End-user, and Region
Type Segment Analysis:
The HVAC equipment segment will account for a major share of the market's growth during the forecast period.?The growing population and industrialization, the rise in construction expenditure, the increase in sales of commercial and residential buildings, and the augmented disposable income of the middle-class population are driving the market. Furthermore, the increase in demand for the equipment from the residential and non-residential sectors will drive the market.
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The HVAC equipment segment was valued at USD 106.96 billion in 2018. The growing population and industrialization, the rise in construction expenditure, the increase in sales of commercial and residential buildings, and the augmented disposable income of the middle-class population are driving the market. Heat pumps, air-conditioners (ACs) in rooms, and unitary ACs are likely to witness significant demand in both residential and non-residential buildings.
End-user Segment Analysis
Non-residential end-users of HVAC equipment are manufacturing facilities, commercial and industrial buildings, retail stores, and healthcare and educational institutions. An increase in the construction of these end-users will drive the growth of the global System Market. HVAC systems, in conjunction with the entire building design, will help significantly reduce energy consumption. Buildings can save nearly 30% of the total energy cost annually by incorporating high-performance systems.
Furthermore, various builders prefer to promote green buildings as a means of differentiation to cope with intense competition in the market. Owing to the adoption of green technology, the demand for units has increased simultaneously as they help in energy savings. The rise in the number of net-zero buildings is the major trend in the construction business. A net-zero building can produce renewable energy to meet its annual energy consumption requirements. This reduces the need for non-renewable energy in the building. The commercial sector has seen growth in terms of the increasing number of office buildings, data centers, and healthcare facilities. Such factors will increase the market growth during the forecast period.
Regional Analysis
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APAC is estimated to contribute 53% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. APAC is the largest market for HVAC due to the growing population, climatic conditions, increasing urbanization, and demographic changes in the region. The expanding commercial construction sector is the key driving factor for market growth in countries such as China and India. Regulations and efficiency norms in countries such as India and China will drive the Heating, Ventilation, and Air Conditioning Market in APAC during the forecast period.
Furthermore, an increase in the number of urban high-rise condominium projects will propel the demand for systems. Expansive construction projects in Australia, such as the Queen's Wharf, Howard Smith Wharves, and other significant urban development projects, will propel the demand for systems. The Queen's Wharf will accommodate five major premium hotels, three residential towers, large departmental stores, food and beverage outlets, a Queensland hotel, and other related buildings. Hence, all these projects require HVAC systems, thereby driving the growth of the regional market.
Key Market Players
Companies 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.
- ABM Industries Inc. - The company offers HAVC solutions such as customized heating, air conditioning, and ventilation solutions for commercial buildings.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Air Comfort, Alexander Mechanical Inc., Blue Star Ltd., Carrier Global Corp., Daikin Industries Ltd., EMCOR Group Inc., Emerson Electric Co., ENGIE SA, Ferguson plc, Fujitsu Ltd., Ingersoll Rand Inc., J and J Air Conditioning, Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Nortek, Samsung Electronics Co. Ltd., Service Logic, and Siemens AG
Technavio's market research and growth report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The market growth and forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
- Type Outlook
- HVAC equipment
- HVAC services
- End-user Outlook
- Non-residential
- Residential
- Region Outlook
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
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HVAC Market Scope |
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Market Report Coverage |
Details |
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Page number |
16 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.5% |
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Market Growth 2024-2028 |
USD 74.02 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.93 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 53% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABM Industries Inc., Air Comfort, Alexander Mechanical Inc., Blue Star Ltd., Carrier Global Corp., Daikin Industries Ltd., EMCOR Group Inc., Emerson Electric Co., ENGIE SA, Ferguson plc, Fujitsu Ltd., Ingersoll Rand Inc., J and J Air Conditioning, Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Nortek, Samsung Electronics Co. Ltd., Service Logic, and Siemens AG |
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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, and market condition analysis for the forecast period. |
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Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2024 and 2028
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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 Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- 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 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global HVAC market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global hvac market 2018 - 2022 ($ billion)
- 4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
- 4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 HVAC equipment - Market size and forecast 2023-2028
- Exhibit 34: Chart on HVAC equipment - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on HVAC equipment - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on HVAC equipment - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on HVAC equipment - Year-over-year growth 2023-2028 (%)
- 6.4 HVAC services - Market size and forecast 2023-2028
- Exhibit 38: Chart on HVAC services - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on HVAC services - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on HVAC services - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on HVAC services - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ billion)
- Exhibit 43: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Exhibit 46: Chart on Comparison by End-user
- Exhibit 47: Data Table on Comparison by End-user
- 7.3 Non-residential - Market size and forecast 2023-2028
- Exhibit 48: Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
- 7.4 Residential - Market size and forecast 2023-2028
- Exhibit 52: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Residential - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by End-user
- Exhibit 56: Market opportunity by End-user ($ billion)
- Exhibit 57: Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Exhibit 91: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ billion)
- Exhibit 104: Data Tables on 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 105: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 ABM Industries Inc.
- Exhibit 111: ABM Industries Inc. - Overview
- Exhibit 112: ABM Industries Inc. - Business segments
- Exhibit 113: ABM Industries Inc. - Key news
- Exhibit 114: ABM Industries Inc. - Key offerings
- Exhibit 115: ABM Industries Inc. - Segment focus
- 12.4 Air Comfort
- Exhibit 116: Air Comfort - Overview
- Exhibit 117: Air Comfort - Product / Service
- Exhibit 118: Air Comfort - Key offerings
- 12.5 Alexander Mechanical Inc.
- Exhibit 119: Alexander Mechanical Inc. - Overview
- Exhibit 120: Alexander Mechanical Inc. - Product / Service
- Exhibit 121: Alexander Mechanical Inc. - Key offerings
- 12.6 Blue Star Ltd.
- Exhibit 122: Blue Star Ltd. - Overview
- Exhibit 123: Blue Star Ltd. - Business segments
- Exhibit 124: Blue Star Ltd. - Key offerings
- Exhibit 125: Blue Star Ltd. - Segment focus
- 12.7 Carrier Global Corp.
- Exhibit 126: Carrier Global Corp. - Overview
- Exhibit 127: Carrier Global Corp. - Business segments
- Exhibit 128: Carrier Global Corp. - Key news
- Exhibit 129: Carrier Global Corp. - Key offerings
- Exhibit 130: Carrier Global Corp. - Segment focus
- 12.8 Daikin Industries Ltd.
- Exhibit 131: Daikin Industries Ltd. - Overview
- Exhibit 132: Daikin Industries Ltd. - Business segments
- Exhibit 133: Daikin Industries Ltd. - Key news
- Exhibit 134: Daikin Industries Ltd. - Key offerings
- Exhibit 135: Daikin Industries Ltd. - Segment focus
- 12.9 Emerson Electric Co.
- Exhibit 136: Emerson Electric Co. - Overview
- Exhibit 137: Emerson Electric Co. - Business segments
- Exhibit 138: Emerson Electric Co. - Key news
- Exhibit 139: Emerson Electric Co. - Key offerings
- Exhibit 140: Emerson Electric Co. - Segment focus
- 12.10 ENGIE SA
- Exhibit 141: ENGIE SA - Overview
- Exhibit 142: ENGIE SA - Business segments
- Exhibit 143: ENGIE SA - Key offerings
- Exhibit 144: ENGIE SA - Segment focus
- 12.11 Fujitsu Ltd.
- Exhibit 145: Fujitsu Ltd. - Overview
- Exhibit 146: Fujitsu Ltd. - Business segments
- Exhibit 147: Fujitsu Ltd. - Key news
- Exhibit 148: Fujitsu Ltd. - Key offerings
- Exhibit 149: Fujitsu Ltd. - Segment focus
- 12.12 Ingersoll Rand Inc.
- Exhibit 150: Ingersoll Rand Inc. - Overview
- Exhibit 151: Ingersoll Rand Inc. - Business segments
- Exhibit 152: Ingersoll Rand Inc. - Key offerings
- Exhibit 153: Ingersoll Rand Inc. - Segment focus
- 12.13 J and J Air Conditioning
- Exhibit 154: J and J Air Conditioning - Overview
- Exhibit 155: J and J Air Conditioning - Product / Service
- Exhibit 156: J and J Air Conditioning - Key offerings
- 12.14 Johnson Controls International Plc
- Exhibit 157: Johnson Controls International Plc - Overview
- Exhibit 158: Johnson Controls International Plc - Business segments
- Exhibit 159: Johnson Controls International Plc - Key news
- Exhibit 160: Johnson Controls International Plc - Key offerings
- Exhibit 161: Johnson Controls International Plc - Segment focus
- 12.15 Samsung Electronics Co. Ltd.
- Exhibit 162: Samsung Electronics Co. Ltd. - Overview
- Exhibit 163: Samsung Electronics Co. Ltd. - Business segments
- Exhibit 164: Samsung Electronics Co. Ltd. - Key news
- Exhibit 165: Samsung Electronics Co. Ltd. - Key offerings
- Exhibit 166: Samsung Electronics Co. Ltd. - Segment focus
- 12.16 Service Logic
- Exhibit 167: Service Logic - Overview
- Exhibit 168: Service Logic - Product / Service
- Exhibit 169: Service Logic - Key offerings
- 12.17 Siemens AG
- Exhibit 170: Siemens AG - Overview
- Exhibit 171: Siemens AG - Business segments
- Exhibit 172: Siemens AG - Key news
- Exhibit 173: Siemens AG - Key offerings
- Exhibit 174: Siemens AG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 175: Inclusions checklist
- Exhibit 176: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 177: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 178: Research methodology
- Exhibit 179: Validation techniques employed for market sizing
- Exhibit 180: Information sources
- 13.5 List of abbreviations
- Exhibit 181: 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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hvac market market
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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