According to a new market report published by
Lucintel, the future of the US HVAC (heating, ventilation and air conditioning)
equipment market looks good with opportunities in the residential and
commercial construction industry. The US HVAC equipment market is expected to
reach an estimated $17.5 billion by 2022 and it is forecast to grow at a CAGR
of 3.4% from 2017 to 2022. The major drivers of growth are higher rate of
building renovation and federal tax credits offered in the US to make existing
facilities energy efficient and to control greenhouse gas emissions.
In this market, furnace, heat pumps, central
AC, and room AC are the segments by product type. On the basis of our
comprehensive research, Lucintel forecasts that central AC segment is expected
to show above average growth during the forecast period due to increasing
building renovation activities and higher demand for energy efficient HVAC
equipment.
Within the US HVAC equipment market,
residential is expected to remain the largest segment during the forecast
period. Increasing housing starts and increasing penetration of air
conditioners are the major driving force that will spur growth for this segment
over the forecast period.
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. Lennox, Johnson Controls
Inc., Daikin Industries, Ingersoll Rand Plc, and UTC (United Technology and
Corporation) are the major manufacturers of the HVAC equipment in the US.
Lucintel, a leading global
strategic consulting and market research firm, has analyzed growth
opportunities in the US HVAC equipment market by end use, and product type and
has compiled a comprehensive research report entitled “Growth
Opportunities in the US 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 US HVAC
equipment market by product type, and end use as follows:
By Product Type [Volume (M units) and Value ($
million) from 2011 to 2022]:
- Furnace
- Heat Pump
- Central AC
- Room AC
- Others
By End Use [Volume (M units) and Value ($ million) from 2011 to 2022]:
- Residential
- Healthcare
- Education
- Hospitality
- Office
- Retail
- Others
This
131-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 US management consulting and market research firm, creates winning
strategies for growth. 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. 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 US HVAC
equipment market by product type (furnace, heat pump, central AC, room AC, and
others) and by end use (residential, office, retail, hospitality, education,
healthcare and others)?
Q. 2. Which
segments will grow at a faster pace and why?
Q.3. What are
the key factors affecting market dynamics? What are the drivers, challenges,
and business risks in this market?
Q.4. What are the business risks and competitive
threats in this market?
Q.5. What
are the emerging trends in this market and reasons behind them?
Q.6. What
are some changing customer demands in the market?
Q.7. What are
the new developments in the market? Which companies are leading these
developments?
Q.8. Who are the
major players in this market? What strategic initiatives are being taken by key
players for business growth?
Q.9. 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.10. What M&A
activity has occurred in the last 5 years?
No comments:
Post a Comment