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Tuesday, February 21, 2017

Opportunities for the global HVAC equipment market to reach $120.6 billion by 2022



According to a new market report published by Lucintel, the future of the global heating, ventilation, and air conditioning (HVAC) market looks good with opportunities in the residential and commercial construction industries. The global HVAC equipment market is expected to reach an estimated $120.6 billion by 2022 and it is forecast to grow at a CAGR of 4.9% from 2017 to 2022. The major drivers of growth are increasing disposable income, rapidly increasing construction activities in developing economies, and changing climate conditions.
In this market, furnace, heat pumps, central AC, and room AC are the segments by product type. On the basis of its comprehensive research, Lucintel forecasts that room AC is expected to show above average growth during the forecast period of 2017 to 2022 due to urbanization and increasing disposable income in emerging economies like China and India.
Within the global HVAC equipment market, residential is expected to remain the largest segment during the forecast period. Increasing penetration of air conditioners and strong growth in construction industry are the major driving forces that will spur growth for this segment over the forecast period.

APAC is expected to remain the largest region due to the increasing rate of urbanization, along with growth in disposable income. 

Asia Pacific is expected to witness the highest growth over the forecast period; this growth will largely be driven by higher rate of urbanization and increasing disposable income in emerging economies like China, and India and changing climatic conditions and seasonal variations. 

For business expansion, Lucintel’s report suggests innovation and new product development, particularly in terms of energy-efficiency, high performance and environmental friendly; to make more efficient HVAC equipment. 

Emerging trends, which have a direct impact on the dynamics of the market, include the increasing usage of green HVAC, increasing usage of air purification technology, and increasing usage of smart thermostat. Gree Electric Appliances, GD Midea group, Daikin Industries, Ingersoll Rand Plc, and UTC (United Technology and Corporation) are the major manufacturers of the HVAC equipment market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global HVAC equipment market by product type, end use, and region and compiled a comprehensive research report entitled “Growth Opportunities in the Global HVAC Equipment Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a springboard for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global HVAC equipment market by product type, end use, and region, as follows:                        

By Product Type [Volume (million units) and Value ($ billion) from 2011 to 2022]:

·         Furnace
·         Heat Pump
·         Central AC
·         Room AC
·         Others

By End Use [Volume (million units) and Value ($ billion) from 2011 to 2022]:

·         Residential
·         Healthcare
·         Education
·         Hospitality
·         Office
·         Retail
·         Others

By Region [Volume (million units) and value $ billion from 2011 to 2022]:

·         North America
·         Europe
·         Asia Pacific
·         Rest of the World

This 216-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or  helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following key questions:

Q. 1.    What are some of the most promising, high-growth opportunities for the global HVAC equipment market by product type (furnace, heat pump, central AC, room AC and others), end use (residential, office, retail, hospitality, education, healthcare and others), and region (North America, Europe, APAC, and the Rest of the World)?
Q. 2.    Which segments will grow at a faster pace and why?
Q. 3.    Which region will grow at a faster pace and why?
Q.4.     What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5.     What are the business risks and competitive threats in this market?
Q.6.     What are the emerging trends in this market and reasons behind them?
Q.7.     What are some changing customer demands in the market?
Q.8.     What are the new developments in the market? Which companies are leading these developments?
Q.9.     Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10.   What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material / product substitution?
Q.11.   What M&A activity has occurred in the last 5 years?

Worldwide Unsaturated Polyester Resin Competitive Analysis and Leadership Study 2016



The unsaturated polyester resin industry is a mature market that is predominantly characterized by established products, applications, and processes. The major players offer a complete portfolio of resins, covering all the major chemistries and the property and/or performance requirements for the wide range of application markets and processing methods. 

Polynt and Ashland are the market leaders with diversified product portfolios, strong geographical reach, and high strategic initiatives. Over the next five years, suppliers will be focusing on growing end-user industries like transportation, pipe & tank, and construction in emerging countries like India, China, and the Middle East (particularly in the UAE and Saudi Arabia) where they are likely to capture larger market share in the global UPR market. 

Over the last five years, suppliers have focused on new product developments which are resins that are styrene free or have low styrene content. The suppliers have grown organic and inorganic in the last five years. Polynt acquired CCP composites and Reichhold to become the UPR market leader. Also, DSM Composite Resins and CCV have formed a partnership to create a new company: Aliancys A.G. The suppliers have also made partnerships, agreements, and contracts with various distributers around the world. 

The companies producing UPR are exploring market opportunities with starkly different strategies. Lucintel, a leading global management consulting and market research firm, has analyzed the global UPR market and has come up with a comprehensive research report, “Worldwide Unsaturated Polyester Resin Competitive Analysis and Leadership Study 2016.” This report offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. This report has examined and profiled the world’s leading UPR producers. Lucintel created profiles of each competitor based on the following criteria:

Company overview

·         Company Description and Business Segments
·         Corporation Statistics

UPR business overview

·         UPR Business Segments
·         Key Differentiators and Strengths 

Products and product positioning

·         UPR Product Line Overview
·         Product Positioning in Market Segments

Markets and market positioning 

·         Market Positioning in the Global UPR business
·         Volume Breakdown by Market Segments
·         Volume Breakdown by Region

Production

·         Global Manufacturing Operations
·         Production Capacities
Innovation and market leadership
Marketing, sales and organizational capabilities

·         Marketing and Sales
·         Management Commitment and Track Record
Financial Strength
The resulting research report represents the most comprehensive strategic and tactical assessment of the UPR producers and competitive landscape available. In terms of the total revenue generated by leading UPR producers, Polynt ranks number one, followed by Ashland. AOC, New Solar Co. Ltd., and Aliancys A. G. (DSM) all of which are included in the report.

The detailed analysis of each company offers a critical view into key strategic areas, including:

·         UPR producer target markets
·         Key differentiators, strengths, competitors, and other insights
Designed for the composites and non-composites industry professionals, financial services firms, and users of UPR, Lucintel's “Worldwide Unsaturated Polyester Resin Competitive Analysis and Leadership Study 2016” is the industry’s comprehensive examination of the UPR producers’ competitive landscape.

Collected from a series of primary vendor interviews and secondary sources, Lucintel also provides its own scorecard for determining which of these companies is better aligned with future market opportunities and which has the ability to gain additional market share. Using its proprietary research methodology, Lucintel has developed a comparative analysis tool, the ‘Lucintel Leadership Quadrant,’ which identifies leaders and challengers in the UPR market and rates each UPR producer on two primary criteria as shown below: 

1.    Alignment with market opportunity
2.    Ability to gain market share
Ability to gain market share was analyzed using following parameters:
     Product portfolio
     Financial strength
     Asset position
     Execution skill
     Customer experience
Alignment with market opportunity was analyzed using following parameters:
     Target growth markets
     New product development
     Corporate and functional strategy
     Presence within the industry
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com