HVAC Terminal Units Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022

Pages: 134

SKU: IRTNTR73304

Snapshot

According to Technavio's analyst, the HVAC terminal units market size is expected to be valued at USD 1.41 billion by 2026 with a progressing CAGR of 5.05%.

This HVAC terminal units market research report extensively covers the HVAC terminal units market segmentation by the following:

Product - Single duct, Dual duct, and Fan powered
Geography - APAC, Europe, North America, South America, and Middle East and Africa

The HVAC terminal units market vendors are - Carnes Co., Carrier Global Corp., Celmec International Pty Ltd., Daikin Industries Ltd., Greenheck Fan Corp., HTS, Johnson Controls International Plc, Nailor Industries Inc., Oy Halton Group Ltd., Price Industries Inc., Warren Technology Inc., and Wozair Ltd. among others.

What will the HVAC Terminal Units Market Size be During the Forecast Period?

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HVAC Terminal Units Market: Key Drivers, Trends, and Challenges

The increase in construction activities is notably driving the HVAC terminal units market growth, although factors such as fluctuations in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the HVAC terminal units industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key HVAC Terminal Units Market Driver

One of the key factors driving growth in the HVAC terminal units market is the increase in construction activities. The number of new constructions in several developed and emerging countries is on the rise after a prolonged period of depression in the global construction market. Countries such as China, India, Saudi Arabia, UAE, Malaysia and Indonesia are witnessing an increase in income and rapid urbanization. The shifting of population from rural to urban areas will require significant investments in new housing and public infrastructure, which is expected to offer a major opportunity for growth for the HVAC terminal units market; the respective governments are taking initiatives to ensure a fast-paced development of infrastructure. HVAC terminal units are being deployed in public buildings.

Key HVAC Terminal Units Market Trend

The emergence of net zero energy buildings is a HVAC terminal units market trend that is expected to have a positive impact in the coming years. Net zero energy buildings are energy-efficient buildings that use, over the course of a year, renewable technology to produce as much energy as they consume from the grid. However, currently, only a few buildings qualify as net zero energy buildings. However, owing to factors such as the emergence of advanced 3D Energy and Daylight modelling; increased government initiatives such as WGBC, EEB, and NBI to create awareness regarding the benefits of going green; and improvements in construction technology, building controls, and renewable energy systems, the design and construction of Net-Zero Energy buildings has become more practical. With the emergence of green buildings, the HVAC market will witness significant growth with the deployment of HVAC terminal units in these buildings. Commercial buildings, being one of the largest energy consumers, the HVAC system plays a vital role in helping designers to meet their net-zero-energy goals.

Key HVAC Terminal Units Market Challenge

The fluctuations in raw material prices will be a major challenge for the HVAC terminal units market during the forecast period. Instability in raw material prices affects the construction of HVAC terminal units. Stainless steel and copper are the primary raw materials for terminal units and any fluctuation in prices of these materials has a direct impact on manufacturing costs. Factors that influence the cost of raw materials include inflation, production, and availability. A steep rise in steel prices is expected to be witnessed during 2018-2020. Most of the prominent vendors seek long-term contracts with their suppliers to stay immune to fluctuations in raw material prices. However, this strategy may not be feasible for small vendors that lack sufficient financial resources. Thus, fluctuations in raw material prices may affect the manufacturing cost of terminal units, thereby having a negative impact on the global HVAC terminal units market.

This HVAC terminal units market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global heating, ventilation, and air conditioning (HVAC) terminal units market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the HVAC terminal units market during the forecast period.

Who are the Major HVAC Terminal Units Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the HVAC terminal units market encompasses successful business strategies deployed by the key vendors. The HVAC terminal units market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

Product Insights and News

carnes.com - The company offers HVAC terminal unit products such as electronic controls, pneumatic controls, tri-averaging flow sensors and direct digital simplyVAV.
carnes.com - Under the unified segment, the company offers air distribution products, terminal units, ventilation products, louvers and dampers and humidifiers.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The HVAC terminal units market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

HVAC Terminal Units Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the HVAC terminal units market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for HVAC Terminal Units Market?

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51% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for HVAC terminal units in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in infrastructure spending in commercial projects will facilitate the HVAC terminal units market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market in APAC witnessed certain challenges due to the outbreak of COVID-19 in 2020. The outbreak affected the economies of many countries in the region, such as China, India, South Korea, and Japan. However, the deployment of HVAC system increased in residential sector due to the adoption of work from home (WFH) module, thus positively impacting the regional market.

What are the Revenue-generating Product Segments in the HVAC Terminal Units Market?

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The HVAC terminal units market share growth by the single duct segment will be significant during the forecast period. The single duct HVAC terminal units segment dominates the global market because of widespread adoption in the HVAC industry owing to the cost advantage and ease of installation. The global single duct HVAC terminal units market is expected to record considerable growth during the forecast period. Factors such as the growth in the HVAC systems market, the need for compliance with energy efficiency regulations, and the increased investments in the construction industry are expected to drive the growth of the global HVAC terminal units market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the HVAC terminal units market size and actionable market insights on post COVID-19 impact on each segment.

HVAC Terminal Units Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.05%
Market growth 2022-2026	$ 1.41 billion
Market structure	Fragmented
YoY growth (%)	4.54
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 51%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Carnes Co., Carrier Global Corp., Celmec International Pty Ltd., Daikin Industries Ltd., Greenheck Fan Corp., HTS, Johnson Controls International Plc, Nailor Industries Inc., Oy Halton Group Ltd., Price Industries Inc., Warren Technology Inc., and Wozair Ltd.
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 Terminal Units Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive HVAC terminal units market growth during the next five years
Precise estimation of the HVAC terminal units market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the HVAC terminal units industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of HVAC terminal units market vendors

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Table of Contents

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 Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product

5.3 Single duct - Market size and forecast 2021-2026
- Exhibit 28: Chart on Single duct - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Single duct - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Single duct - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Single duct - Year-over-year growth 2021-2026 (%)

5.4 Dual duct - Market size and forecast 2021-2026
- Exhibit 32: Chart on Dual duct - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Dual duct - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Dual duct - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Dual duct - Year-over-year growth 2021-2026 (%)

5.5 Fan powered - Market size and forecast 2021-2026
- Exhibit 36: Chart on Fan powered - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Fan powered - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Fan powered - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Fan powered - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 South Korea - Market size and forecast 2021-2026
- Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 Carnes Co.
- Exhibit 93: Carnes Co. - Overview
- Exhibit 94: Carnes Co. - Product / Service
- Exhibit 95: Carnes Co. - Key offerings

10.4 Carrier Global Corp.
- Exhibit 96: Carrier Global Corp. - Overview
- Exhibit 97: Carrier Global Corp. - Business segments
- Exhibit 98: Carrier Global Corp. - Key news
- Exhibit 99: Carrier Global Corp. - Key offerings
- Exhibit 100: Carrier Global Corp. - Segment focus

10.5 Celmec International Pty Ltd.
- Exhibit 101: Celmec International Pty Ltd. - Overview
- Exhibit 102: Celmec International Pty Ltd. - Product / Service
- Exhibit 103: Celmec International Pty Ltd. - Key offerings

10.6 Daikin Industries Ltd.
- Exhibit 104: Daikin Industries Ltd. - Overview
- Exhibit 105: Daikin Industries Ltd. - Business segments
- Exhibit 106: Daikin Industries Ltd. - Key offerings
- Exhibit 107: Daikin Industries Ltd. - Segment focus

10.7 Greenheck Fan Corp.
- Exhibit 108: Greenheck Fan Corp. - Overview
- Exhibit 109: Greenheck Fan Corp. - Product / Service
- Exhibit 110: Greenheck Fan Corp. - Key offerings

10.8 HTS
- Exhibit 111: HTS - Overview
- Exhibit 112: HTS - Product / Service
- Exhibit 113: HTS - Key offerings

10.9 Johnson Controls International Plc
- Exhibit 114: Johnson Controls International Plc - Overview
- Exhibit 115: Johnson Controls International Plc - Business segments
- Exhibit 116: Johnson Controls International Plc - Key news
- Exhibit 117: Johnson Controls International Plc - Key offerings
- Exhibit 118: Johnson Controls International Plc - Segment focus

10.10 Nailor Industries Inc.
- Exhibit 119: Nailor Industries Inc. - Overview
- Exhibit 120: Nailor Industries Inc. - Product / Service
- Exhibit 121: Nailor Industries Inc. - Key offerings

10.11 Oy Halton Group Ltd.
- Exhibit 122: Oy Halton Group Ltd. - Overview
- Exhibit 123: Oy Halton Group Ltd. - Product / Service
- Exhibit 124: Oy Halton Group Ltd. - Key news
- Exhibit 125: Oy Halton Group Ltd. - Key offerings

10.12 Price Industries Inc.
- Exhibit 126: Price Industries Inc. - Overview
- Exhibit 127: Price Industries Inc. - Product / Service
- Exhibit 128: Price Industries Inc. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 129: Inclusions checklist
- Exhibit 130: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 131: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 132: Research methodology
- Exhibit 133: Validation techniques employed for market sizing
- Exhibit 134: Information sources

11.5 List of abbreviations
- Exhibit 135: List of abbreviations

Methodology

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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