HVAC Commercial Market

Commercial Energy-Efficient HVAC Systems to Surpass $33 Billion by 2020

North American Market Expected to Begin Recovery in 2013

July 15, 2013

According to a new report from Navigant Research, annual revenue from energy-efficient HVAC systems is expected to grow from $17.2 billion in 2013 to $33.2 billion by 2020.

The report, titled, “Energy-Efficient HVAC Systems,” analyzes the global market opportunity for energy-efficient commercial HVAC systems, including unitary systems, heat pumps, furnaces and boilers, ductless cooling, engineered cooling systems, radiant heating and cooling, and ventilation systems.

“In the wake of the global recession of 2009, developed markets for efficient HVAC — especially in North America and Europe — remain sluggish,” said Bob Gohn, senior research director, Navigant Research. “However, the North American market will revive during 2013 and begin to experience more substantial growth during 2014. Europe will follow a similar trend, but recovery will likely not occur until mid-to-late 2014. The strongest region for energy-efficient HVAC expansion, however, will be Asia Pacific, which will account for 55 percent of the world market by 2020.”

The study provides a comprehensive assessment of the demand drivers, business models, policy and regulatory factors, and technology issues associated with the global market for these systems.

Key industry players are profiled in depth, and worldwide revenue forecasts, segmented by application, region, and key major countries, extend through 2020.

The report specifically identifies large global HVAC suppliers, such as United Technologies Corp. (Carrier), Hitachi, Ingersoll-Rand (Trane), Daikin, and LG Electronics, many of which also produce various other products, technologies, and services, as companies leading the charge.

HVAC-only manufacturers, including Lennox and Uponor, are largely limited to smaller and midsize brands, and some larger suppliers, such as Johnson Controls, also provide integrated engineering and operations/maintenance services, overlapping in part with services more traditionally provided by energy service companies, said the report.

An executive summary of the report is available for free.

Publication date: 7/15/2013 

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