HVAC Breaking News

April 29, 2013: Growth Forecasted for Global HVAC Equipment Industry

IRVING, Texas — The global HVAC equipment industry is exhibiting good growth opportunities for the period from 2013 to 2018, according to a report from Lucintel, a global management consulting and market research firm. Revenue for HVAC manufacturers is forecast to reach an estimated $95 billion by 2018. The industry is consolidated with the top five and top 10 players accounting for approximately 45 percent and 56 percent, respectively, in 2012.

Lucintel has conducted a competitive analysis of the industry and presents its findings in “Global HVAC Equipment Industry 2013-2018: Trend, Profit, and Forecast Analysis.” Asia Pacific is the biggest global market, standing at 42 percent. Commercial HVAC equipment brings in the majority of industry revenue, contributing 51 percent.

The study highlights HVAC industry growth drivers. Increasing construction activities are mainly responsible for driving growth in the industry. Global sales of homes and new buildings have increased, favoring the industry as sales of HVAC equipment is highly correlated to the construction of new homes and buildings. Availability of easy financing supports the growth of HVAC equipment sales. Residential HVAC equipment is the key growth segment now, says the report, driven by increasing residential construction and product penetration.

Publication date: 4/29/2013

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: Jim Johnson

Jim Johnson,an experienced trade school and community college instructor, discusses the HVAC industry and his column in The NEWS, ‘The Service Ticket.’ Listen now for a hint to the Not Enough Heat question from the Dec. 15 issue. Posted Jan. 30.

More Podcasts

ACHRNEWS

NEWS 01-26-15 cover

2015 January 26

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Regional Standards

With regional standards for a/c equipment going into effect in 2015, how do you think it will impact the industry?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con